Cryptocurrency: An Exciting Asset Class The dawn of the cryptocurrency revolution has sparked tremendous excitement from a wide spectrum of individuals; from technology enthusiasts to retail investors keen on making a quick buck. Unsurprisingly, the fanfare around digital coins and tokens continues on an upward trajectory, given the increased media attention, as well as higher…
DetailsFrom a medium-term perspective, it’s been an extremely strong year for Ethereum. From the capitulation lows of approximately $85 seen in March of this year, the largest altcoin has gained around 200%. And since the start of the year, ETH’s gains are approaching 100%. But stepping back, Ethereum is actually a poor performer on a…
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Ethereum is retreating lower from the $245 resistance against the US Dollar. ETH is now showing bearish signs below $235, but the $230 support holds the key in the near term. Ethereum is currently facing an increase in selling pressure below $240 and $235. The price tested the $230 support level and it is currently…
DetailsBitbns, an Indian exchange founded in December 2017 will be holding an IEO for its proprietary exchange token BNS on KuCoin Spotlight. According to the information provided by Bitbns, BNS has so far completed four rounds of pre-public sale within 20 minutes. The platform had earlier claimed that it will conduct an initial exchange offering…
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Stellar (XLM) gained a strong bullish momentum and broke the $0.0980 resistance against the US Dollar. XLM price is showing bullish signs and it might continue to rise towards $0.1200. There was a sharp upward move from the $0.0880 support zone against the US dollar. The price broke the main $0.0980 resistance area and traded…
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Bitcoin failed to climb above the $9,300 resistance and extended its decline against the US Dollar. BTC is currently showing bearish signs and it might struggle to stay above the $9,000 support. Bitcoin declined below the $9,120 support and traded close to the $9,000 support. The price is currently recovering, but it is facing a…
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As altcoins have strongly outperformed Bitcoin over recent weeks, a debate has erupted about the long-term usefulness and efficacy of many cryptocurrency projects. Many prominent Bitcoin proponents have come out against altcoins, saying that they provide effectively no value compared to Bitcoin. For instance, there are commentators that say Ethereum’s current leading use case, DeFi,…
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As the saying goes, there’s no such thing as bad publicity. That old phrase is once again proving true, as search queries for Bitcoin spike following news of a Twitter scam going viral. Could the cryptocurrency being at the center of a highly publicized scam actually end up being positive for the asset? Google Searches…
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What started as one crypto Twitter account being compromised ultimately became a widespread hack that resulted in some of the most prominent accounts on the platform shilling a Bitcoin scam. This exposed a major security flaw in the popular social media platform, as the hackers had free reign to access and post using any account…
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After holding $9,200 for days on end, Bitcoin has recently begun to break down. The cryptocurrency trades at $9,100 as of this article’s writing, having lost that short-term support. Bitcoin’s ongoing weakness is seemingly related to bearish price action in global stock markets, including the S&P 500 index. Following a -4.5% performance during the Shanghai Composite’s…
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