Crypto News

Bitcoin’s OI and volume put/call ratio close to historical low

Bitcoin’s OI and volume put/call ratio close to historical low

As Bitcoin struggled to recover from its radical devaluation, the Options market has been unveiling new findings. However, while Bitcoin noted YTD returns of 19.66%, the Options market revea...

Bitcoin Cash’s ascent to $348 may depend on Bitcoin’s rally

Bitcoin Cash’s ascent to $348 may depend on Bitcoin’s rally

Bitcoin Cash has easily been one of the top-performing coins in 2020, with the same recording a surge of over 138 percent between 1 January and 14 February. The price scaled from $218 to $49...

Bitcoin derivatives muted as Fed cuts interest rates

Bitcoin derivatives muted as Fed cuts interest rates

It’s official – the Federal Reserve is going into full panic mode. On 3 March, amid the Covid-19 market meltdown, the U.S central bank slashed interest rates by 50 basis points, the highest ...

Bitcoin’s rally in 2020 was organic and far from any manipulation

Bitcoin’s rally in 2020 was organic and far from any manipulation

Bitcoin made its presence known in 2020 in the best way possible. After sustaining a grueling bearish period over the 2nd half of 2019, Bitcoin’s price spiked from the get-go, rising by over...

Bitcoin’s NVT signal hints at an opportunity for traders

Bitcoin’s NVT signal hints at an opportunity for traders

The constant rise and fall in Bitcoin’s price over the past two weeks have been reflected in the fearful market sentiment. BTC’s price began its journey in March after recovering from its pr...

Bitcoin may protect investors from depleting fiat, not drowning economy

Bitcoin may protect investors from depleting fiat, not drowning economy

2020 has witnessed multiple global events, all of whom have had an impact on the broader financial market. With the recent increase in COVID-19 cases, investors and traders around the world ...

Binance Halts Trading Again Amidst Users' Growing Frustration

Binance Halts Trading Again Amidst Users' Growing Frustration

Major cryptocurrency exchange Binance has run into some issues again, second time in less than a month. Binance CEO Changpeng Zhao has tweeted to the exchange's users that trading has b...

Bitcoin’s rolling price volatility remains moderate as alts register spikes

Bitcoin’s rolling price volatility remains moderate as alts register spikes

On 3 March, the Bitcoin market saw buyers trying to push the value of the crypto upwards, but the bearish pressure became evident as BTC couldn’t hold its price at $8,896.42. The price slipp...

Facebook Libra’s new plans may be a Trojan horse to tackle China

Facebook Libra’s new plans may be a Trojan horse to tackle China

While Facebook’s plans regarding the launch of its own cryptocurrency have faced significant resistance from various regulators owing to the company’s history with privacy and user-data, the...

Facebook’s Libra Could Become a Multi-coin Payments Network

Facebook’s Libra Could Become a Multi-coin Payments Network

Facebook’s Libra project could turn into a network that accepts a wide range of coins, including central banks-issued digital fiats. Despite previously released plans to develop its own digi...

XRP Trades Lower While Ripple CEO Slams Bitcoin and Ethereum

XRP Trades Lower While Ripple CEO Slams Bitcoin and Ethereum

XRP, the token associated with the California-based fintech firm Ripple, is down 1% today, while other major coins dropped 1%-4% today, despite good news from India. At pixel time (13:00 UTC...

Bitcoin traders go long on Biden; shorting Sanders in 2020 race

Bitcoin traders go long on Biden; shorting Sanders in 2020 race

With Super Tuesday in full steam and derivatives platforms creating crypto-prediction markets, the race for the Democratic Primary elections is heating up. FTX, the cryptocurrency derivative...

Bitcoin Options volume, Open Interest on Deribit surge to new heights

Bitcoin Options volume, Open Interest on Deribit surge to new heights

The digital asset ecosystem has been losing sleep over the past 15 days after a bearish turnaround in mid-February contributed to a substantial dip in the prices of major crypto-assets. Coin...

Chainlink, Algorand, Dogecoin rally as Bitcoin reinforces market dominance

Chainlink, Algorand, Dogecoin rally as Bitcoin reinforces market dominance

While Bitcoin regained its dominance of 63.7% at press time, the collective cryptocurrency market cap continued to flatter to deceive. The same was recorded to be $252.2 billion after a shor...

India: Cryptocurrency trading using banks allowed as SC holds RBI circular ‘unconstitutional’

India: Cryptocurrency trading using banks allowed as SC holds RBI circular ‘unconstitutional’

The Supreme Court of India on 4 March announced its Judgment in the ‘Crypto v. RBI’case. The apex court has deemed the banking ban levied by the central bank of India as unconstitutional. Cr...

Litecoin’s MW testnet launch might alleviate any network concerns

Litecoin’s MW testnet launch might alleviate any network concerns

Litecoin has been working towards incorporating aspects of privacy in the near future over the past year, with the foundation working towards improving the privacy of transactions for its us...

42% of all Bitcoins have not been transacted since 2017

42% of all Bitcoins have not been transacted since 2017

The past week has been brutal for the larger cryptocurrency market, largely due to the drastic drop in Bitcoin’s price. Bitcoin, the world’s largest cryptocurrency, suffered a loss of 14% ov...

Bitcoin’s privacy conundrum: Is 100% anonymity a myth?

Bitcoin’s privacy conundrum: Is 100% anonymity a myth?

Bitcoin transactions are semi-private and not anonymous. It is pseudonymous, which is an important distinction. Achieving perfect anonymity with Bitcoin can be a complicated affair, however....

XRP exhausts momentum; price unlikely to go above $0.246

XRP exhausts momentum; price unlikely to go above $0.246

XRP finally bid farewell to February, but over the last week of the month, the token recorded a fall of over 22 percent as the price slumped from $0.284 to $0.222. At press time, the third-l...

Ethereum’s Bletchley index highlights 25% positive returns for February

Ethereum’s Bletchley index highlights 25% positive returns for February

Consequences of the bearish rally over the last week of February have caught up with a multitude of major digital assets across the industry. According to Coinmetrics’ latest State of the Ne...

Tether’s dominance may be getting undercut by crypto-collateralized stablecoins

Tether’s dominance may be getting undercut by crypto-collateralized stablecoins

Behind the rollercoaster-like price fluctuations of cryptocurrencies, there exists another class of coins that promises to offer price stability. Stablecoins attempt to bring in the best of ...

Another Bitcoin ETF bites the dust; but is an ETF really necessary?

Another Bitcoin ETF bites the dust; but is an ETF really necessary?

When it comes to approving a Bitcoin ETF, the SEC is playing a game of hardball. Over the past couple of years, the United States’ Securities and Exchange Commission has rejected multiple Bi...

Devs, Dapps Leave Steem Ecosystem Due to Justin Sun Prompted Backlash

Devs, Dapps Leave Steem Ecosystem Due to Justin Sun Prompted Backlash

A major backlash between new Steem (STEEM) investors and its community forced some of the developers to resign while some Steem dapps (decentralized apps) are being removed in a sign of prot...

Bitcoin market remains apprehensive, despite healthy network growth

Bitcoin market remains apprehensive, despite healthy network growth

As Bitcoin’s price movement was stalled by bearish pressure, its network continued to suggest healthy upward momentum. The hash rate recorded on 1 March was, in fact, the highest Bitcoin net...

‘Ethereum is Money’ a fundamentally flawed concept: Anthony Pompliano

‘Ethereum is Money’ a fundamentally flawed concept: Anthony Pompliano

“ETH is money” is a prominent narrative that has taken over the ecosystem over the past few months. With the significance of DeFi taking new forms over the past few months, it was recently f...

Well Functioning Government Might Make Private Cryptos Obsolete - IMF Official

Well Functioning Government Might Make Private Cryptos Obsolete - IMF Official

If a sovereign government can maintain its creditworthiness and a central bank can guarantee effectiveness of its monetary policy, “it’s hard to imagine private digital currencies being used...

Cardano’s Hoskinson awaits two milestones before announcing Shelley launch date

Cardano’s Hoskinson awaits two milestones before announcing Shelley launch date

Cardano’s long-anticipated OBFT hard fork was implemented “without a hitch” in February. But this just the beginning, as it has a lot of developments under its hood this year. In a reply to ...

Hacked crypto exchanges: the role of analytics firms in damage control

Hacked crypto exchanges: the role of analytics firms in damage control

In 2019, at least eight exchanges were hacked including Binance, Bithumb, and Cryptopia. Just two months in 2020, Decentralized Lending Protocol bZx was hacked twice in a matter of a few day...

Bitcoin hashpower: The need to move out of China

Bitcoin hashpower: The need to move out of China

China is seen as a dominant force when it comes to Bitcoin mining and the concentration of hash power. Cheap electricity has aided this East Asian country in hosting the majority of mining a...

CBDCs validate the value proposition of digital money: Grayscale CEO

CBDCs validate the value proposition of digital money: Grayscale CEO

“Like the two could not be further apart, like polar opposites” – Meltem Demirors. From a ‘no Bitcoin‘ narrative to intensely speculating the pros and cons of rolling out central bank digita...

Why do criminals and terror groups prefer Bitcoin over privacy coins?

Why do criminals and terror groups prefer Bitcoin over privacy coins?

Despite Bitcoin’s young age, its adoption has been far and wide, across all ages. However, when you say far and wide that also encompasses its illicit use. In 2019, it was revealed that Hama...

Crypto Listing & Delisting Announcements: Week 9

Crypto Listing & Delisting Announcements: Week 9

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by cryptocurrency exchanges that we found last week and today. Have we missed somethi...

Litecoin exhibits trend reversal with possible breach of $66

Litecoin exhibits trend reversal with possible breach of $66

Litecoin’s valuation faced the brunt of the bearish sentiment over the past two weeks as its price dropped below $60. With the collective market trying to recover, LTC registered a hike of 3...

Ethereum’s price should scale above $255 least by April first week

Ethereum’s price should scale above $255 least by April first week

After registering a yearly high of $289 on 14th Feb, Ethereum’s valuation has dropped under key supports levels at $279, $255 and $229 over the past two weeks. Consecutive slip-ups on 15th, ...

Crypto Market Sentiment Keeps Tumbling

Crypto Market Sentiment Keeps Tumbling

After reaching the highest score of 6.23 two weeks ago, the combined moving average 7-day market sentiment for the top 10 coins by market capitalization is still dropping, falling from 5.63 ...

Crypto exchanges and analytics firms do more than trace coins after a hack

Crypto exchanges and analytics firms do more than trace coins after a hack

With the number of hacks increasing to 12 in 2019, there was very little that an exchange could do to protect its image while also tracking the funds. During such events, exchanges often rea...

Bitcoin’s institutional investors taking a step-back as OI exhibits a nose-dive

Bitcoin’s institutional investors taking a step-back as OI exhibits a nose-dive

Bitcoin and the collective digital asset bid farewell to a rally as the crypto market industry registered a 22 percent drop, which took the king coin’s market cap from $302 billion to $236 b...

CBDC might become single point of failure in itself: BoE exec

CBDC might become single point of failure in itself: BoE exec

Bank of England‘s Deputy Governor Sir Jon Cunliffe is the latest one to address CBDCs and stablecoins. Referring to cryptocurrency as a new wave of technological development, he stated that ...

Bitcoin may turn things around in March as drop below $8255 seems unlikely

Bitcoin may turn things around in March as drop below $8255 seems unlikely

After dropping under $8800 on 27th February, Bitcoin has consolidated above $8400 over the past 4 days with its valuation priced at $8629 at press time. The support levels at $8400 were test...

Ripple Would Be Unprofitable Without XRP Sales, CEO Admits

Ripple Would Be Unprofitable Without XRP Sales, CEO Admits

California-based fintech company Ripple would not have been where it is today without the monthly selling from its massive holding of XRP tokens, an admission from its CEO suggests. In an in...

Coin Race: Tezos & Kyber Network Win February, Bitcoin Suffers Unusual Loss

Coin Race: Tezos & Kyber Network Win February, Bitcoin Suffers Unusual Loss

After a stellar start of the year, bitcoin and altcoins have let off the gas pedal and undergone a correction which began in the middle of February. As a result, the last month of winter was...

How criminals launder money using crypto in Latin America

How criminals launder money using crypto in Latin America

Crypto-adoption catalyzed the immediate need for regulation to curb illicit activities such as money laundering. Latin America, for example, holds the largest number of cryptocurrency users ...

What consumer-need can a CBDC address?

What consumer-need can a CBDC address?

The digitalization fever, driven by technological advancements and decline in cash usage, has caught the central banks around the globe as they now look to cautiously approach and explore th...

Ripple Friendly SBI Chief in Talks About Launching an STO Exchange

Ripple Friendly SBI Chief in Talks About Launching an STO Exchange

The CEO of SBI, one of Japan’s biggest financial companies, has spoken of his intention to co-launch a securities token offering (STO) exchange platform within the current financial year. Pe...

Stupid[est] ways people have lost their Bitcoins

Stupid[est] ways people have lost their Bitcoins

“The only thing people hate more than losing money is the person who lost it for them.” “Not your keys, not your coins” is a mantra many in the crypto-sphere follow; two rules that anyone sh...

Cryptocurrency users failing to file AML forms may face trouble this tax season

Cryptocurrency users failing to file AML forms may face trouble this tax season

With cryptocurrencies like Bitcoin gaining in adoption and mainstream recognition, the IRS has added measures to ensure that crypto traders pay their fair share of taxes this tax season. Wit...

Bitcoin CME premiums drop as institutional investors close out

Bitcoin CME premiums drop as institutional investors close out

It’s not just the S&P500 that Wall Street is running out on, it’s Bitcoin as well. With the Covid-19 fears tearing down the equity, and bond market, Bitcoin Futures traded on the institution...

XRP’s golden cross to be undone by 5% to 10% drop?

XRP’s golden cross to be undone by 5% to 10% drop?

For a while now, altcoins have been dropping in prices with no support in sight. The scheduled alt season ended as soon as it began. The altcoins that surged by 40, 50, 60, 100% have all sta...

Bitcoin miners could cry capitulation yet again with price eyeing $7,600 level

Bitcoin miners could cry capitulation yet again with price eyeing $7,600 level

The past week was brutal for Bitcoin, with the weekly candle coming to a close today. The weekly chart looked bearish with the current weekly candle engulfing 3 candles before it. As the pri...

Bitcoin to turn bullish longer than Ethereum, speculate Options traders

Bitcoin to turn bullish longer than Ethereum, speculate Options traders

Options, in the cryptocurrency world, have altered the markets, both in the here-and-now, and going forward. Bitcoin, teetering at $8,600 for the third day in the row, amid pandemic fears, t...