The collective cryptocurrency market cap stood at $329 billion at the time of writing. Bitcoin and its peer altcoins were observed to be in a consolidation phase oscillating within a tight range before a potential breakout on either side. Litecoin [LTC] Litecoin has crashed significant support levels following multiple pullbacks was now priced at $48.40 […]
Switzerland’s Zug Canton will Accept Bitcoin and Ether for Tax Settlement
Zug has emerged as one of the most crucial cryptocurrency hubs in the world. Taking the crypto game to a notch higher is Switzerland’s Canton of Zug administration which announced last week that it will start accepting cryptocurrency for tax payments. According to Bloomberg’s report, the Canton was quoted saying, “Tax settlement by means of […]
Binance Unveils Third Venture into DeFi Space with Launchpad and Bella Protocol
One of the world’s largest cryptocurrency exchange, Binance announced the release of Launchpad. The new product is aimed to provide a secure way to farm new assets. The users will also be able to acquire new token rewards in return for staking BNB, BUSD, and other tokens. Following the announcement, Binance CEO and Founder, CZ […]
Binance Coin, Bitcoin SV, Cardano Technical Analysis on 7th September 2020
The cryptocurrency market posted a significant recovery shortly after the weekend bloodshed catapulting the collective market cap to $328 billion. During this time, as several altcoins bounced off close to crucial resistance levels, Bitcoin‘s dominance dropped by 57.6%. Binance Coin [BNB] After posting gains of 17.76% over the last 24-hours, Binance Coin [BNB] was priced […]
Tron Network to Embrace the New Sesameseed DeFi Protocol on Mainnet
Decentralized Finance [DeFi] is a new hot-space in the cryptocurrency industry. The launch of the UniFi protocol-powered, uTrade platform on September 7th on the Tron mainnet is another addition to the emerging craze. Developed by the Tron Foundation Super Representative candidate and multi-chain asset staking community, Sesameseed, the UniFi protocol essentially combines multi-chain DeFi space […]
Here’s Why Ethereum Tanked Despite Reaching a 2-Year Price High
The entire cryptocurrency market slumped following the massive downside correction breaching crucial levels along the way. Ethereum, the second-largest cryptocurrency, was one of the worst-hit among the top altcoins by the latest price action. While it was just recently that ETH’s price climbed to $470, a level was last seen in July 2018, at the […]
Ethereum, Tron, Chainlink Technical Analysis on 6th September 2020
The cryptocurrency market suffered major losses as the weekend dawned triggering a drop to $320 billion collective market cap. Altcoins were the biggest losers in the latest downside price action while Bitcoin firmly held its dominance at 58.8%. Ethereum [ETH] Ethereum [ETH] took a sharp plunge below its immediate support level of $379. The largest […]
Uniswap Records More Trading Volume than Coinbase Pro; But Will the Hype Sustain?
Fueled by the DeFi frenzy, Uniswap, a decentralized exchange [DEX] on Ethereum has hit a fresh ATH of $1.828 billion in terms of the total value locked. The platform, which happens to be the world’s largest DEX in terms of its volume has managed to outpace some of the industry’s crucial centralized rivals such as […]
South Korean Authorities Raid Bithumb for Alleged Fraud Over BXA Token
Bithumb, one of the largest cryptocurrency exchanges in South Korea, has reportedly been raided by Seoul police in connection with suspected investment fraud related to the issuance of a BXA token. According to the reports by Seoul Shinmun, Seoul Metropolitan Police Agency’s Intelligent Crime Investigation Unit officers conducted search and seizure investigations at the exchange’s […]
XRP, Bitcoin Cash, Litecoin Technical Analysis on 3rd September 2020
September started with a sense of optimism but met with a bearish pullback on the second day as the $12,000 price level has eluded Bitcoin as it lost significant ground against the USD. This, in turn, triggered a significant sell-off of major altcoins. Ripple [XRP]: XRP’s attempt to resume uptrend after reaching a crucial resistance […]