The two Ethereum transactions where senders paid millions of dollars in fees for transactions worth as little as $130 are widely believed to be blackmail. According to research from analytics company PeckShield, the hackers were reportedly blackmailing an unknown exchange by sending out transactions with exorbitant fees in order to circumvent the multi-signature security of…
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Ethereum has been closely tracking Bitcoin’s price action throughout the past several days and weeks, which exposed it to some intense downwards pressure yesterday. It has been able to post a swift recovery from its daily lows, and has remained firmly within its long-held consolidation phase within the $230 to $250 range. Although it is…
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Chainlink, the seemingly unstoppable superstar performer of the cryptocurrency market for nearly the last two years running, may be finally out of steam. According to the asset’s price parabola, the long-standing uptrend could be approaching its end. If and when the parabola does break, massive profit-taking could cut the altcoin’s valuation down to size. Chainlink’s…
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The crypto market has seen some intense turbulence throughout the past few days, with Bitcoin firmly guiding most altcoins’ price action over the past few weeks. BTC’s lackluster price action has caused the market to range sideways throughout the past several weeks. This stability did show some signs of degrading yesterday, although the decline sparked…
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Bitcoin price continues to consolidate above $9,000 but has repeatedly failed to break above $10,000. The lower the asset’s value gets, the more it falls below the cost of production for many miners. A key metric measuring the impact price action has on miner operations, is signaling that more miners are capitulating during the current…
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Bitcoin futures open interest over at the Chicago Merchantile Exchange, better known as CME, has surged by 3,000% since the start of May 2020. What’s fueling the sudden spike in interest in the first-ever cryptocurrency and can it continue into the future? Bitcoin CME Futures Open Interest Grows By 3,000% in May 2020 Alone The…
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Bitcoin is back in the spotlight of the cryptocurrency market after taking a nearly 10% dum. The sudden bearish impulse saw the asset’s price drop from a high of $9,970 to a low of $9,050. Alongside the price slump, over $80 million worth of long and short BTC positions were liquidated on BitMEX alone. From…
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Bitcoin’s recent volatility has done some damage to its underlying market structure, despite it being able to post an ardent defense of the lower boundary of its long-established trading range. Yesterday, the crypto plunged to lows of $9,000 before finding any strong support, but it has since been able to rebound from these lows. Despite…
DetailsDecentralization is at the heart of cryptocurrency movements and their economic systems. It is decentralization that makes DEXs fascinating; after all, decentralized peer-to-peer transactions have proven to be the safest ways to transfer cryptocurrency. DEXs have the true potential to disrupt the exchange space because the users always maintain control of their assets, making it…
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What is automated crypto trading and why is it so popular? Algorithmic trading, also known as autotrading is the use of an automated system, which is pre-programmed with instructions for executing transactions based on a range of factors, such as trading volume, market volatility, the current asset price and more. While the emerging crypto economy…
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