Month: August 2020

Japan’s “dormant” crypto accounts are starting to see activity as Bitcoin breached a critical price resistance level this week. According to the Japanese crypto exchange Coincheck, their trading volume this week has risen by two to three times in comparison to the previous one.  Speaking to a selected number of the Japanese outlets, Yusuke Otsuka, the co-founder of Coincheck explained that existing users who hadn’t traded for a while became active again this week: “Some of our users already have Read more …

Advertisment Flama project is a revolutionary token with a unique model that solves existing problems with crypto coins. The token is based on a deflationary model that sees 3% of tokens burned equal to the value of each transaction. The idea of creating deflationary tokens has been around for years. Numerous deflationary tokens have been created but none enjoyed widespread support as they lacked real-world use cases. Plans to make this a reality are ongoing and the first DApp for Read more …

Bitcoin is ripping higher once again. In the past few hours, the leading cryptocurrency has begun to test the year-to-date highs at $11,500. And just minutes ago, BTC reached a local high of $11,700 after an influx of buying pressure. It is unclear if this rally is sustainable yet: Bitcoin has yet to close above $11,500 on any longer-term time frames like the 4-hour, 12-hour, or one-day charts. Chart of BTC’s price action over the past 10 days from TradingView.com Read more …

Advertisment The past week has seen Bitcoin and Ethereum explode higher while a majority of altcoins have plunged. On Monday alone, on the day BTC surged by approximately 10% in 24 hours, Bitcoin dominance jumped by 2%. With altcoins undergoing this retracement after a strong rally, analysts have been wondering what comes next for this subset of the cryptocurrency market. A fractal analysis by a trader predicts that what comes next is a rally. Bitcoin undergoing periods of further volatility, Read more …

The Decentralized Finance, or DeFi, industry continues its massive growth trajectory as the total value locked in the DeFi markets hits $4B, according to data from major industry website DefiPulse.com. Total value locked in DeFi markets, August 1. Source: DefiPulse.com DeFi markets refer to the use of blockchain, digital assets, and smart contracts in financial services like credit and lending to provide financial services without a need for a centralized authority. The new threshold means that a total of over Read more …

Crypto exchange Coinbase said Friday that it is reviewing 19 cryptocurrencies for possible listing. These new assets are: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, Theta, Uma, and Wrapped Bitcoin (WBTC). Coinbase said the review process includes “significant technical and compliance review and may be subject to regulatory approval in some jurisdictions.” There’s no guarantee that crypto assets under review will gain automatic listing. “[Our] Read more …

Advertisment Bitcoin is up approximately 20% in the past seven days as it pushes $11,400 for the second time in the past week. Bulls are seemingly in control as the cryptocurrency remains above the pivotal $10,500 resistance. There are technical signals that recently formed that were seen at the start of BTC’s previous macro rallies. History rhyming will mean that the leading cryptocurrency soon begins a macro bull market that will take it to new highs. Further corroborating the bullish Read more …

Another week, another round of Crypto Tidbits. It’s been an explosive week for the Bitcoin and crypto market, to say the very least. Bitcoin surged from under $10,000 to as high as $11,500 this week. Over the past seven days, the asset has gained approximately 20% — the best weekly performance in many months. Chart of BTC’s price action over the past two weeks from TradingView.com Bitcoin’s recent price action comes as a breath of fresh air for crypto traders, which Read more …

One of the biggest crypto narratives over the past few months has been decentralized finance — better known as “DeFi.” Coins pertaining to this segment of the blockchain space have gone parabolic and users of DeFi protocols have shot up. Coinbase, seemingly, is taking notice. The leading crypto-asset exchange announced that it is looking to add 19 altcoins in the near future. Much of those tokens are DeFi related. Related Reading: Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold Bitcoin, Read more …

Advertisment On Friday a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack that saw a great number of high profile accounts compromised. The hack also netted roughly $120,000 worth of bitcoins by leading unknowing individuals to doubler scams. The suspect Graham Clark has been charged with over 30 felonies and was taken into custody by the FBI, Secret Service, and Florida law enforcement. You want the latest news about Crypto? Read more …

On Friday a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack that saw a great number of high profile accounts compromised. The hack also netted roughly $120,000 worth of bitcoins by leading unknowing individuals to doubler scams. The suspect Graham Clark has been charged with over 30 felonies and was taken into custody by the FBI, Secret Service, and Florida law enforcement. On July 15, there was a massive Twitter Read more …

Bitcoin’s price is currently flashing signs of immense strength as it navigates up towards the resistance found within the mid-$11,000 region. The slight uptrend seen today that came about after it dipped to lows of $10,800 has allowed it to push against its 2020 highs of $11,400, and it does appear that further upside is imminent. Although it does appear that BTC could be positioned to enter a full-fledged bull run in the near-term, on-chain data suggests that it may Read more …