It has been a turbulent past couple of weeks for Bitcoin, with the cryptocurrency first plunging to lows of $11,000 last week before incurring a strong rebound that has since led it all the way up towards $12,000. Despite the strength of the aggregated crypto market, analysts are noting that there are some signs that…
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A spate of exchange delistings has pushed privacy coins further to the fringes of cryptocurrency. The likes of Monero, Komodo, Bytecoin, and ZCoin have all felt the pinch of regulatory compliance in recent times. But things ramped up today as blockchain analytics firm CipherTrace publicized its new Monero tracking tool. In conjunction with the US…
DetailsDeFi has quickly become the new buzzword in the crypto space. Yet, unlike ICOs or some of the other unsustainable practices we’ve seen in the past, DeFi is here to stay – and it’s gaining momentum fast. As a centralized cryptocurrency spot and derivatives exchange, people sometimes wonder if DeFi is a threat to OKEx…
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All eyes are on Ethereum this week as DeFi continues to drive the market higher. The second-largest cryptocurrency has now reclaimed $400 while the total market cap has surged to its highest levels since May 2018. Bitcoin meanwhile finished the week flat, but not before printing a sudden spike on the chart as Federal Reserve’s…
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Ethereum has room to rally after surging 10% in the past 48 hours, according to recent on-chain data shared by Santiment. The blockchain analytics firm just noted that there are a number of trends suggesting ETH has room to extend to the upside. ETH’s latest bout of strength comes as Bitcoin has inched higher as…
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Ethereum extended its rally by 5% and it broke the $440 resistance against the US Dollar. ETH price is likely to break the $450 resistance, above which the bulls might aim $500. Ethereum is gaining momentum above the key $430 and $435 resistance levels. The price is now trading well above the $430 level the…
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Ripple is rising and it is gaining bullish momentum above $0.2880 against the US Dollar. XRP price is likely to test the $0.3000 barrier, considering the recent sharp rise in Ethereum. Ripple is showing a lot of positive signs above the $0.2850 and $0.2880 levels against the US dollar. The price is testing the $0.2920…
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Bitcoin price is trading in a bullish zone above the $11,600 support against the US Dollar. BTC is likely to gain strong momentum above $11,800 as long as it is above $11,550. Bitcoin is following a nice bullish path above the $11,550 and $11,600 support levels. The price is facing hurdle near $11,800, but it…
DetailsDecentralized finance (DeFi) has taken Ethereum by storm over recent months. This sector of the crypto and ETH economy has grown exponentially, both in terms of capital/dollar value and in terms of active users. While this segment of Ethereum has undoubtedly bolstered the project, founder Vitalik Buterin is steering clear for the time being. Related…
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The decentralized finance movement has helped drive up the value of Ethereum and other ERC-20 based projects compared to Bitcoin and other assets. It has prompted even Bitcoin holders to “wrap” their BTC in Ethereum. The amount of BTC supply wrapped in Ethereum has doubled in August alone, but why exactly is this happening, and…
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