Where did BitGo come from? In all of this time covering El Salvador’s Bitcoin Law, the name wasn’t in the picture. Now, all of a sudden, Forbes claims that BitGo’s technology is behind the controversial Chivo wallet. How and when did this happen? Or, more importantly, is this real news or a paid piece to…
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Bitcoin’s price plummeted over 10% on early Tuesday, as El Salvador announced that it would officially accept the major cryptocurrency as the nation’s legal tender. According to CoinMarketCap, Bitcoin’s slump from Monday accelerated as the crypto failed to hold its $50,000 price level — sliding from $51,000 to $44,700 within a single hour. The sudden…
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The Bitcoin leverage ratio is showing a sell signal right now, indicating that the market could turn bearish, at least in the short term. Bitcoin Leverage Ratio Says Not A Good Time To Buy Right Now As pointed out by a CryptoQuant post, the estimated leverage ratio indicates that this might not be the best…
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Litecoin awoke from a month-long slumber to follow the general sentiment in the market. The price of LTC broke above the $200 resistance, only to drop with the crypto market flash crash. At the time of writing, Litecoin trades at $181 with a 17.31% loss in the daily chart. LTC is on a downtrend in…
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Cardano (ADA) has not been left out of the massive flash crash that just occurred throughout the market. What seemed to be a good day for bitcoin as El Salvador’s “Bitcoin Day” began has now turned to nothing short of a nightmarish market opening. The crash saw bitcoin drop $6K in only a matter of…
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After leading the crypto market rally for several weeks, Ethereum faces the return of the bears. The second cryptocurrency by market cap was pushing into the $4,000 resistance before a selloff sent it back to critical support. At the time of writing, ETH trades at $3,466 with an 11.6% loss in the daily chart. Ethereum…
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Today is one of the biggest days in the history of Bitcoin, with one of the most fundamentally bullish moments unfolding: the cryptocurrency has officially become legal tender in El Salvador. But Bitcoin price isn’t responding as expected. Instead, the market has responded with an absolute bloodbath and $10,000 drop per coin. Could this mean…
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The cryptocurrency industry has proven to be one of the fastest-growing sectors in the past decade. The shifting interest of the general public towards cryptocurrencies is evident as the number of new tokens and their respective volumes on exchanges continue to grow at a phenomenal rate. Recent studies place the crypto market’s annual growth rate…
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As reported by Vox, global temperatures have already risen 1.3 degrees Celsius above pre-industrial levels, and a 2020 study found that 1 in 3 species could be extinct by 2070 due to climate change. We all need to do our part to help protect the environment, and that begins with the choices we make in…
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The popularity of stablecoins is increasingly on the rise. Recently, as Bitcoin hit new records, the market value of stablecoins witnessed a 10x increase. Facebook has announced its own stablecoin, and even VISA has become the first major payments network to settle transactions in the American dollar-backed stablecoin USDC. So what’s to love about stablecoins?…
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