Mining difficulty saw a sharp rise yesterday as Bitcoin saw its “Thanksgiving price slump” over the weekend The rise in mining difficulty comes as Bitcoin tries to settle just above $18,000 following a week of massive surges and dips. Last week, Bitcoin price broke into the $19,000 level but plunged to below $17,000 afterwards. Data …
Bitcoin mining difficulty is approaching a new all-time-high Read More »
A bullish breakout above $80 will boost AAVE/USD, with a rally to $100 possible in the next few weeks Following a rebound over the weekend, the technical picture for AAVE suggests bulls are in control. The short term outlook for the token includes a targeted breakout to $100 should buy pressure send AAVE/USD above $80. …
Bulls have rallied BTC/USD to highs of $18,600 and could break higher if they hold prices at key levels Bitcoin’s recovery from last week’s sell-off has seen bulls rally to highs near $18,700. Although the cryptocurrency remains vulnerable to a pullback to lows seen over the weekend, the technical picture offers bulls hope of retesting …
BTC price- Key levels to watch as bulls rally to $18,600 Read More »
Chainlink recently announced it would support the development of Ethereum infrastructure projects The oracle network for smart contracts is the latest protocol to announce it will offer support to Ethereum’s ecosystem. Chainlink released a statement confirming the news on its website. “We remain committed to the continued growth of the Ethereum ecosystem, which is why …
Bitcoin’s price has stabilised above the $18,000 region over the past few days, while the cryptocurrency mining difficulty continues to rise Mining difficulty on the Bitcoin network is approaching a new high after rising by 8.9% over the past 24 hours. The Bitcoin (BTC) network’s hashrate is now above 130 EH/s. The data provided by …
Bitcoin stabilises above $18k as mining difficulty increases Read More »
Canadian investment firm Cypherpunk Holdings recently increased its stake in the leading crypto by market cap to become the 9th largest holder of the asset Cypherpunk Holdings invests in blockchain technologies and cryptocurrencies with a strong focus on those that are privacy-oriented. It has previously invested in many other privacy-oriented ventures, such as Samourai Wallet …
Cypherpunk Holdings adds 72.979 BTC to its reserves Read More »
Ripple CEO believes the company’s operations would not be affected even if XRP is declared as a security Ripple has been a subject of debate in the last few months as its future in the US remains unclear. The company’s chief executive Brad Garlinghouse previously declared that Ripple would relocate if the regulatory environment around …
Ripple would perform with XRP as a security – CEO claims Read More »
BTC price could drop to $14,000 before another upside momentum blasts prices past the $20,000 mark Earlier this week, Bitcoin was on the verge of hitting $20,000. However, instead of testing the all-time high level, BTC nosedived to lows of $16,220. An attempt to post an immediate rebound hit a wall around $18,900 and will …
Technical Indicators suggest a 30% correction for BTC Read More »
The Coinbase trading platforms experienced another outage yesterday as the volatility in the cryptocurrency market heightens The US-based cryptocurrency exchange Coinbase suffered another outage a few hours ago. The power outage affected its website and mobile apps as the cryptocurrency exchange battles this reoccurring problem over the past few weeks. Coinbase seems to be suffering …
IOTA price could drop to lows of $0.23 if bears tighten their grip on short term action in the current phase of crypto sell-off IOTA is trading lower on the hour, mirroring the negative trend engulfing the majority of the crypto market. At the time of writing, IOTA is trading around $0.30 and is down …
IOTA sees downward pressure as altcoin sell-off continues Read More »
New research shows indexes based on DeFI tokens are not diversified enough for the advanced investor The research claims that indexes have overexposure to a few DeFi tokens, which invalidates the whole point of diversification. This makes them ‘poor’ investment options for advanced investors looking to manage their risks. The DeFi boom seen in the …
Uniswap is moving down the rankings as the exchange continues to bleed liquidity after the end of its farming period The former world leading decentralised exchange by volume has now moved down to the fifth place in the rankings. The exchange has continued leaking liquidity since the end of farming on 17 November. Uniswap has …
Uniswap trading volumes holding steady despite liquidity leak Read More »
The cryptocurrency market would benefit from the presence of the Digital Yen and other central bank digital currencies (CBDCs) The CEO of Monex Group told Reuters yesterday that he believes that Digital Yen would positively impact the cryptocurrency market. Oki Matsumoto, the head of the financial services firm, stated that the introduction of the Digital …
Monex Group CEO says Digital Yen will boost crypto market Read More »
Band Protocols’ token BAND has flashed a sell signal on the daily chart to suggest sell-off pressure could push its price to $3.89 Cross-chain oracle platform Band Protocol’s token BAND is trading lower as widespread crypto sell-off bleeds most altcoins. At the time of writing, the BAND token was trading at $5.84 and likely to …
Price Analysis: BAND dips to $5.20 after altcoin sell-off Read More »
The ZIL/USD and ZIL/BTC pairs are both precariously placed within long term resistance zones As altcoins see red, Zilliqa’s (ZIL) has dropped 20% in the past 24 hours to be among the biggest losers in the top 100 list of largest cryptocurrencies by market cap. The double-digit losses for ZIL/USD mirror the broader crypto market. …
Overbit is a cryptocurrency exchange that offers cross-market trading for crypto, forex and commodity training. Offering leverage of 100x for crypto and 500x for Forex, Overbit has established itself as a reputed exchange with strong community engagement. CEO, Cheih Liu, founded Overbit in 2017 and launched the exchange two years later in 2019. Liu spotted …
DeFi protocol Yearn Finance has joined forces with Pickle Finance, resulting in a price spike for Pickle Yearn Finance founder, Andre Cronje, confirmed plans to bring on board Pickle Finance. The partnership will help boost yield farming incentives and reimburse DeFi users who were victims of the Pickle Finance exploit on Saturday. The popular DeFi …
DeFi protocol Yearn Finance announces merge with Pickle Read More »
The hype around Ethereum is far from fading as Google Trends reveal the number of searches are going through the roof Ethereum’s recent impressive performance has been reflected by a spike in Google searches that are fast approaching levels not seen since 2018. The crypto’s popularity on the internet has reached a yearly high in …
Ethereum Google searches hitting new yearly high Read More »
Stellar Lumen (XLM) price is up by 120% over the past seven days following the protocol 15 upgrade earlier this week Stellar Lumen has been one of the best performing digital currencies over the past week. The price of Stellar Lumen is up by nearly 8% over the past 24 hours and 120% in the …
Stellar Lumen up by 120% following protocol 15 upgrade Read More »
Bitcoin is looking to retest resistance at highs of $19,442 as bulls scheme for a final leg towards a new all-time high Bitcoin (BTC) has been truly unstoppable these past few weeks. As seen on the chart below, the bellwether cryptocurrency has rallied to new highs after a new high in 2020. Yesterday, bulls pushed …
Bitcoin on the threshold of price discovery above $20,000 Read More »