Last year, Apple hinted that it has been following the development of the cryptocurrency industry intently, leading some to speculate that the global electronics and payment giant was preparing to launch its own cryptocurrency or blockchain platform. Though this prospect was quickly dismissed by Apple CEO Tim Cook, Apple has been shown to be researching…
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It’s official – the U.S. government has the Bitmex exchange in its headlights. With one Bitmex leader in custody and others on the lam, the exchange is practically toast. New York Times broke the story on October 1 showing how charges related to money laundering and reckless financial activity have left Bitmex backers in a…
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Bitcoin is more bullish than ever, and Ethereum has taken center stage of the hot to trot DeFi trend. XRP, however, has remained a laggard for two years running. But all this could soon change, as a signal just triggered on the Ripple versus Bitcoin trading pair that in the past has led to an…
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It is Monday. Bitcoin is holding above crucial technical support at $11,400. Meanwhile, its safe-haven rival, the US dollar, is experiencing a sharp decline. The inverse correlation between the two stark assets is visible all over again. Only this time, the catalyst that is driving them into different directions is a Jerome Powell speech on…
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Major DeFi tokens, including UMA, Maker, and Uniswap have surged up to 22% in the past 24 hours. The decentralized finance (DeFi) market has generally rebounded following a sustained pullback. There are two main reasons behind the short-term recovery of major DeFi tokens. First, most DeFi tokens were heavily sold since September, causing most to…
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A report from Outlier Ventures analyzed key developments in the blockchain space over the past year. It showed that in 2020, Polkadot experienced the biggest upsurge in developer activity, at +44%, compared to any other platform. In contrast, EOS suffered the biggest decline with a -86% drop in active development. This was followed by Bitcoin…
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More warnings flashed for Yearn Finance’s governance token YFI even as it showed signs of recovering after an upside weekend session. Market analyst Teddy Cleps envisioned a waterfall-like trend for YFI/USD, noting that the pair is likely to continue trading lower with anticipations of bouncing back on every support-retest. He further hinted that price floors…
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Yearn.finance (YFI) has been one of the worst-performing assets over the past few weeks. As this outlet has reported, the coin has plunged in excess of 70% from its all-time high, as it reached lows of $12,000 after peaking at $44,000 just weeks ago. Sam Bankman-Fried, CEO of FTX, pinned the drop to three trends:…
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Ripple started a steady decline and traded below the $0.2500 support against the US Dollar. XRP price is showing bearish signs and it might slide further below $0.2375. Ripple failed to stay above the $0.2500 support and extended its decline against the US dollar. The price is now trading below the $0.2450 support and the…
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Bitcoin price is slowly rising and it is now trading above $11,400 against the US Dollar. BTC is a bit hesitant, but further gains above $11,550 seems very likely. Bitcoin is showing a few positive signs above the $11,350 and $11,400 levels. The price is currently facing hurdles near $11,560, but it is above the…
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