Singaporean crypto derivatives exchange Bybit has announced that it will soon launch a bi-annual trading competition with a 200 BTC ($1.8 million) prize pool. Dubbed the “World Series of Trading” or WSOT, the contest lays claim to being the world’s largest cryptocurrency trading competition. The inaugural event will take place in August. Bybit is building…
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Chainlink (LINK) is once again entering another parabolic uptrend, with this one coming about in tandem with the surge seen across the aggregated crypto market. The cryptocurrency’s intense uptrend has allowed it to set fresh all-time highs and comes as many other tokens also flash signs of strength. LINK now appears to be entering what…
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Tron CEO, Justin Sun today tweeted his intention to focus more on using TikTok to promote his platform. Starting today, we’ll focus on more TIK TOK content…stay tuned for #TRON videos going viral! #TRX @tiktok_us — Justin Sun (@justinsuntron) July 8, 2020 This follows the overwhelming success of TikTok in pumping the price of Dogecoin…
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Ethereum has had a solid year so far, backed by an apparent increase in user activity and demand for ETH. Five crucial metrics portray the optimistic medium-term outlook on the dominant smart contracts blockchain network. The five metrics are an increase in Truffle Suite downloads, Ethereum DApps, daily transactions, decentralized finance (DeFi), and blockchain initiatives.…
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The founder of Cardano, Charles Hoskinson, reached out to Litecoin CEO, Charlie Lee, to broach the possibility of working together. While it’s too early to determine the precise nature of the collaboration, Hoskinson stated that cross-chain communication between the two is what he has in mind. @SatoshiLite it would be great to do something together.…
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An early investment into Numeraire (NMR) crypto returned 170 percent gains to two venture funds. Crypto-focused investment firms Placeholder and Paradigm led an $11 million round in the Numerai blockchain’s native asset on March 21, 2019, when it was trading at around $5. The per token rate of NMR has since surged by 177 percent.…
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Even taking Bitcoin’s Monday pump from $9,000 to $9,400 into account, the cryptocurrency is still in a macro consolidation. Some traders have joked that considering the length of BTC’s consolidation already, it could go on for months longer. One trader, in fact, postulated that it may be until late-Q3 or Q4 of this year until…
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Bitcoin expects to go through a shaky third-quarter on growing worries about a stock market correction. Citigroup sees the S&P 500 rally to drop by at least 10 percent from its current levels, with a worst-case scenario predicting a 20 percent or more decline for the US benchmark index. The monthly correlation between Bitcoin and…
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Ripple rallied around 5% and it broke the key $0.1920 resistance against the US Dollar. XRP price is now testing the $0.2000 resistance, which holds the key for a larger upward move. Ripple price is trading with a strong bullish bias above the $0.1900 level against the US dollar. The price is up close to…
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Dogecoin rallied this week from the $0.0022 support area and gained over 100% against the US Dollar. DOGE is currently facing a strong resistance near $0.0500 on the weekly chart. Dogecoin price gained heavily in the past few sessions and rallied more than 100% against the US dollar. The price spiked above the $0.0500 resistance,…
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