Category: Blockchain

Robinhood Crashes as Dogecoin Soars to Fresh All-Time High

Robinhood experienced technical difficulties during Dogecoin (DOGE)’s spike to a new all-time high. The meme-based cryptocurrency recently achieved a new milestone, breaking $0.60 for the first time yesterday. DOGE, currently the fourth-largest cryptocurrency by market cap, has now achieved a valuation exceeding that of Twitter and Ford, at $86.63 billion. Amid its spike, Robinhood experienced

Ripple (XRP) Price Analysis – May 4,2021

Although Ripple is still battling with the U.S Securities and Exchange Commission (SEC) to reach a conclusion on the outcome of XRP in the United States, the recent price action of XRP has been bullish. The surge in XRP’s price can be allocated to several events that has served to positively influence XRP’s price.  Phemex crypto

High Transaction Volumes are Boosting Ethereum’s Price Rally

Ethereum (ETH) continues to scale heights not seen in its six-year journey. The second-largest cryptocurrency recently breached the psychological price of $3,000, and its rally upwards has seen it hit a new all-time high (ATH) above $3,200.  ETH is up by 30.49% in the last seven days to trade at $3,250 at the time of

Not Just Bitcoin – Ethereum and Altcoins Gain Bullish Momentum

Ethereum’s journey to $3,000 has seen the light of day as the second-largest cryptocurrency based on market capitalization is up by 9.53% in the last 24 hours to trade at $3,286 at the time of writing, according to CoinMarketCap. This record-breaking move has not been seen in ETH’s six-year journey, and this momentum is causing

Huobi Token Breaches $29.54 – What’s Next?

Huobi Token (HT) is a decentralized digital asset based on Ethereum that is launched by world-leading cryptocurrency trading platforms Huobi. It hit a record high of $29.54 on May 2. It has a limited total supply of 500 million issued by Huobi Group. According to Coinmarketcap, HT is ranked the 34th digital asset with a market cap

Berkshire Hathaway Vice Chairman says Bitcoin Is Disgusting

Berkshire Hathaway Vice Chairman Charlie Munger did not hold back on his dislike for Bitcoin at the firm’s annual shareholders Meeting. As reported by CNBC, the billionaire investor said he hated the Bitcoin success, in response to a Q&A about digital currencies in general. “Of course I hate the bitcoin success,” 97-year-old Munger said. “I

Five Reasons Behind Ethereum’s Rally to Top $3000

Ethereum broke the $3,000 mark after a rocky April.  According to AssetDash data, the market capitalization of Ether, the second-largest cryptocurrency, has surpassed Home Depot and Bank of America. The market capitalization of Ethereum (ETH) reached $368.03 billion, a cumulative increase of 24.25% in the past week based on Coinmarketcap. Recently, the entire cryptocurrency market was in a

Thailand to Implement In-Person KYC Step for Crypto Exchanges

Thailand has introduced a new method of verifying clients’ identities for crypto exchanges. The country’s Anti-Money Laundering Office (AMLO) announced that starting July 3, crypto exchanges must verify platform users’ identity through a “dip-chip” machine. This means that client verification will take place in person, at local crypto exchanges. The verification process will entail that

Crypto Market Cap Soars Above $2 Trillion

Current data from crypto market analytic providers has shown that Bitcoin’s dominance in the digital currency ecosystem is reducing, as the market regains momentum and soars above $2 trillion after a week-long slump. According to CoinMarketCap, Bitcoin currently dominates the market by 48.7% atop a market capitalization of $1.08 trillion at the time of writing.

Bitcoin Hits Two-Week High But Traders Are Not Convinced of The Hype

Bitcoin (BTC) soared to highs of $58.4K, and this price level has not been seen since mid-April. Nevertheless, Santiment has noted that traders are sceptical about this rally. The on-chain metrics provider explained: “With Bitcoin bouncing back hard above $58.4k, traders are once again not believing the hype. Our sentiment data indicates commentary is