Despite it being the fourth most valuable cryptocurrency, cynics have long questioned if XRP has a use case for retail investors and traders. They ask if it’s only a coin for banks and financial institutions, or if the asset has any investment potential due to the difference between the “tokenomics” of Bitcoin and of XRP.…
DetailsBitcoin may have performed extremely well over the past two months, rallying over 100% from the March lows, but analysts say the asset’s rally is far from over. Speaking to Bloomberg on Monday, a leading industry chief executive argued that the price of BTC is still on a trajectory to rally by over 400% by…
DetailsThe past few weeks have been extremely positive for Bitcoin. Not only has the benchmark cryptocurrency has been able to erase virtually all of the losses that came about as a result of its decline to lows of $3,800 in mid-March, but it has also just concluded its third-ever block reward halving. This event reduced…
DetailsWith Bitcoin’s halving now behind us, the bull market is supposed to be ready to start. But the volume profile of the recent rally may have bearish implications that could hint at Bitcoin falling back into an extended bear market. Bitcoin Halving Rally Volume Profile May Have Bearish Implications Volume precedes price. It’s a common…
DetailsExclusive Pre-Sale Begins May 20, World’s First “Reversible Initial Coin Offering” to Follow on May 27 LUKSO is a blockchain network dedicated to the new digital lifestyle, where the worlds of fashion, gaming, design and social media intersect. LUKSO will hold an exclusive pre-sale on the KuCoin Spotlight program on May 20, shortly before the…
DetailsAt present, fintech firm Ripple is already subject to several lawsuits that allege it broke SEC rules by selling unregistered securities with sales of the XRP crypto token. But in a further blow, attorneys for a company called Bitcoin Manipulation Abatement LLC filed a fresh lawsuit with the US Federal District Court on May, 1st…
DetailsBitcoin’s halving was accompanied by high levels of volatility as many prominent analysts within the industry expected. The flagship cryptocurrency took a 20% nosedive over the weekend that saw its price drop below $8,000. Then, it quickly rebounded and it is now consolidating around the $8,800 level. The Effects of the Halving Although everything seems…
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At roughly 7 PM UTC time last night, the Bitcoin halving came and went. The highly anticipated, regularly scheduled event that returns ever four years or so has long been expected to cause miners to cease selling their BTC, at what would suddenly be a loss. However, initial data is showing that miners are still…
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With the crypto market still trading within the clutches of bears that have kept prices down over the last several years, there’s been a massive surge in the market cap of stablecoins like Tether. The growth in Tether has ballooned so high, the market cap of Tether built on the Tron blockchain has surpassed the…
DetailsThe Bitcoin halving occurred last night. The event that takes place nearly every four years in the past has set off a bullish chain of events that took the asset to a new all-time high. And while most crypto supporters expect the cycle to repeat, one Bitcoin expert is warning that it could take another…
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