Category: Blockchain

The bulls tried to push Polkadot (DOT) to break through the upward resistance line of approximately $39 on March 20, but the long upper shadow on the candlestick indicated that the bears were selling on rallies. DOT’s price failed to stand above the resistance line. In the past few days, the bears have dominated the

In the last 24 hours, Bitcoin (BTC) has sunk to lows of $53,000. An imminent price correction has been inevitable since the top cryptocurrency hit an all-time high of $61.7k. BTC has, however, moved upwards to trade at $54,605 at the time of writing, according to CoinMarketCap. Crypto trader “Credible Crypto” believes Bitcoin bulls have

Ethereum has been bearish since it surged past the psychological mark of $2,000. The second-largest cryptocurrency based on market capitalization has been down by 6% from the past week to trade at $1,682 at press time, according to CoinMarketCap. New data by on-chain data provider Glassnode reveals that the number of crypto addresses holding more

Federal Reserve Chairman Jerome Powell’s stance on Bitcoin and cryptocurrencies remains unchanged – he views them primarily as “a speculative asset.” In a virtual panel hosted by the Bank for International Settlements, Federal Reserve Chairman Jerome Powell said that cryptocurrencies were an unstable store of value and reiterated that Bitcoin would not be a good

Options trading in the Bitcoin (BTC) and cryptocurrency ecosystem has become common nowadays and the volumes kept growing by the day. Cryptocurrency exchanges are improving their products to capture this growing investment bet, as the volatility in the market provides for new opportunities in this niche investment alternative. Options contracts permit investors and traders to

Estimates by market analysts have shown that the United States Government has forgone gains amounting to $9.9 billion through the auctioning of Bitcoin (BTC) since 2014. While exercising its regulatory powers, the US Government has clamped down on Bitcoin amid other related assets that were a product of fraud, or generally illicit proceeds from an

Since Bitcoin (BTC) hit its all-time high (ATH) of $61,781 on March 13, the price of Bitcoin has been falling. Traders tried multiple times to push BTC to $60,000 on March 18 and March 20, but were rejected and failed to stabilize at this level. Bitcoin fell sharply yesterday, reaching a minimum of $53,715. The

After yet another hearing between the Securities and Exchange Commission (SEC) and Ripple, the crypto community has been ecstatic about the way the court date turned out. After Magistrate Judge Sarah Netburn demanded clarification on whether everyone who sold XRP was consequently in violation of securities laws by extension, the SEC attorney replied, “No, under

Ripple released a new whitepaper and pointed out that XRP can be used as a bridge currency for CBDCs. The blockchain company Ripple announced that it would pilot a private version of XRP Ledger that is specifically designed for central banks earlier this month. Ripple wrote in its whitepaper dubbed “The Future of CDBC” that interoperability, public

Cryptocurrencies’ popularity has risen to the extent that the sector’s market capitalization currently stands at $1.79 trillion. Leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are being viewed as alternatives in the financial scene. Market analyst and Bitcoin advocate Lark Davis sees cryptos as game-changers as they enable anyone to participate in the financial system.