Following Bitcoin’s big breakout weeks ago, its never been easier to make money across the crypto market. The same is being said by JP Morgan analysts about the stock market, based on one key strategy. Could the same strategy the investment firm advocates for stocks also work well in the cryptocurrency space? JP Morgan: It’s…
DetailsBitcoin has become a popular investment vehicle amongst retail and institutional investors, but it is also becoming a reserve asset for some companies. Per an announcement from earlier today, a Nasdaq-listed business intelligence company is now turning to the benchmark cryptocurrency to store their capital reserves, calling it an asset that can be “superior to…
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A big issue that many crypto traders and investors run into is high transaction fees when withdrawing Bitcoin and other digital assets from exchanges. Some platforms, in fact, are infamous for charging in excess of $5-10 for the processing of a withdrawal. There are solutions to this issue, though. Coinbase, earlier this year, rolled out…
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The entire cryptocurrency market is currently expressing some signs of weakness as Bitcoin ventures down towards the lower-$11,000 region while many altcoins follow in its path – including Chainlink (LINK). LINK has been one of the best performing major altcoins in recent weeks, with it significantly extending the uptrend that it first incurred in 2019.…
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Bitcoin price only recently broke out from a tight trading range, causing a roaring rally by crypto bulls, pushing the asset to $12,000 per BTC. But even though sideways just ended, a fractal appearing on the asset’s price charts suggests that a crash is on the way, followed by much worse: more painful sideways. The…
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XRP has been seeing mixed price action in recent times. After seeing an explosive rally up to highs of $0.32, the cryptocurrency hit some insurmountable resistance that slowed its ascent and caused it to enter a consolidation phase. The cryptocurrency has now been struggling to break above $0.30, and it does appear that bears have…
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Tezos, a close contender for the top ten cryptocurrencies by market cap, has gone on a powerful, over 45% rally in the last 11 days. These incredible month-to-date gains are nothing compared to the asset’s past two years of returns. And if a trend measuring indicator accurately predicts future price action in the altcoin, August’s…
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Ethereum Classic was 51% attacked for the second time in less than two years. The most recent hack, which happened over a two-day period starting July 31st, netted hackers an estimated $5.6 million. Since then, many have reached out to the Ethereum Classic team, including IOHK CEO Charles Hoskinson. Hoskinson left Ethereum in 2014 over…
DetailsDecentralized finance (defi) is escaping the Ethereum ecosystem that birthed it and permeating other crypto networks. From TRON to Polkadot and Cosmos to Tezos, smart contract chains are embracing the gospel of defi and the chance of redemption and relevancy it promises. Now, a group of developers from the Ardor community have gotten in on…
DetailsCryptocurrency derivatives trading exceeded $2 trillion in Q2 of 2020 alone – a 2.6% increase from the previous quarter, and a 165% increase from the previous year. According to the latest data from TokenInsight, new business strategies by emerging exchanges such as Bingbon, XBG, HBTC and Phemex could push that figure even higher in the…
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