Bitcoin price is currently trading at a substantial premium on South Korean crypto exchanges – more than $6,000 per coin in USD equivalent. However, in the past this so-called “Kimchi Premium” has signaled the end of the bull trend. Is this a sign that things across the crypto market could soon turn bearish? Or is…
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Cardano inventor and IOG CEO Charles Hoskinson has celebrated the production of the platform’s first “quantum block”. Created by Cardano’s stake pool called Onyx, the operator claimed to have successfully used an algorithm on the IonQ quantum computer. The stake pool operator has set out to use this technology to give Cardano’s blockchain a source…
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After spending weeks moving sideways, BTC price seemed to be close to a new high. However, the cryptocurrency seems to be stuck just below the resistance level at $60,000. Analyst Ben Lilly has published a report in which he determines what has caused the stalemate and how BTC has a “bullish combination” for the following…
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Dave Jevans, the CEO of crypto analytics firm CipherTrace, warned that regulators are looking to equalize compliance rules between decentralized and centralized exchanges. The knock-on effect poses questions on the operational feasibility of the segment and the DeFi platforms and protocols. Q: Based on the new FATF draft guidance, it sounds as if a “DEX…
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Bitcoin opened this week in negative territory as its price wobbled around a key support/resistance level of $57,000. The benchmark cryptocurrency was down 0.97 percent, trading for $57,639 ahead of the New York opening bell Monday. Its move downhill came as a part of a broader bearish correction that started after the price crossed $60,000…
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NFTs are changing the digital art scenario by enhancing its security and productivity. Several companies have joined the race to become the best NFT and launched their unique tokens in the market. Among these, TFT or The Famous Token, an innovative non-fungible token (NFT) platform, was also launched recently with some unique capabilities. As the…
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CoinMetro, the crypto-platform powering the future of finance, announced today that they’ve shattered their growth expectations, with revenue leaping 100x in March 2021 compared to March 2020. Buoyed by a strong crypto market, a vibrant community, and an ever-expanding product lineup, CoinMetro has more than doubled its revenue projections for Q1 2021, putting the Tallinn-based…
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The first quarter of 2021 brought many new exciting updates to the blockchain industry. Over a half-billion dollars worth of NFTs were transacted, nearly $50 billion was locked in various DeFi protocols, and mainstream adoption exploded with the likes of VISA, Tesla, and other institutions actively participating in the market. Without question, one of the…
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In an unexpected turn of events, XRP is the top-performing large-cap today. Over the last 24-hours, XRP has soared 16%, even spiking as high as $0.74 in the early hours of the European session. Analysis of the chart shows a definite uptrend suggesting that, despite the difficulties endured due to the U.S Securities and Exchange…
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BitTorrent turned alarmingly overvalued on Monday as its price popped higher by as much as 164 percent quarter-to-date. The BTT/USD exchange rate surged to $0.013, its highest level on record, after rallying seven days in a row. Every sell-off attempt met with an equally aggressive accumulation, prompting more and more traders to buy the Justin…
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