Comparison between Bitcoin and the U.S dollar is an unavoidable plot in the current financial industry. With the increased interest in the Bitcoin market, the asset is currently more defined and credible than in the past and its movement has often been the bud of many discussions. With the U.S dollar index recently rising, Read more…
The hype and increased interest toward decentralized finance (DeFi) fueled Ethereum’s growth as well as its transaction fees so much that the network has finally surpassed Bitcoin’s total transaction fees. Data from Coinmetrics suggests Ethereum’s cumulative transaction fees in 2020 stands at $350 million compared to Bitcoin’s $157 million. According Read more…
Loads of congratulations to Binance. The series of tweets made by Binance regarding its new project is overwhelming. The team of Binance reveals about the project in the first tweet which read as “Introducing VenusProtocol $XVS on Binance Launchpool.” Binance another post on its new project read as “@VenusProtocol’s money Read more…
Ki Young Ju, CEO of CryptoQuant, noted that Bitcoin is likely on the verge of a full-blown bull run as the mining ecosystem flashes a number of bull signals. He shared the chart below on September 24th, noting that Bitcoin miners are suggesting that a bull run is around the corner. This Read more…
Binance has been blacklisted in Russia. Roskomnadzor, Russia’s Federal Service for Supervision of Communications, Information Technology and Mass Media, added Binance to the list of blacklisted websites on June 2nd and informed Binance that they had been blacklisted on September 24th. According to Roskomnadzor, Binance was blacklisted because Binance contains Read more…
In a new blog post entitled “Interoperability Will Determine CBDC Winners and Losers”, Ripple discussed the need for a networked system of Central Bank Digital Currencies (CBDCs). As the San Francisco-based company explained, the emergence of the COVID-19 pandemic has encouraged the use of contactless payments instead of cash. The pandemic has changed the Read more…
The volatile start of that week that saw Bitcoins sell-off from nearly $11,000 to $10,000 in a matter of hours may have an even more turbulent ending. According to the Skew, provider of data for Bitcoin and Ether derivative, 88,000 Bitcoin options contracts are set to expire on Friday, September 25. Read more…
Bithumb, the largest cryptocurrency exchange in South Korea, is allegedly up for sale to the highest bidder, according to the South Korean news outlet Herald. Responsible for more than 50% of the domestic trading volume with 4.77 million users, Bithumb is considered the primary driver of cryptocurrency trading in the country. Read more…
Galaxy Digital CEO Mike Novogratz does not believe that Bitcoin will be threatened by the digital euro. On the contrary, the European Central Bank (ECB) issuing its own digital currency could help drive the adoption of BTC and other cryptocurrencies, according to his Sept. 22 tweet. Christine Lagarde, president of the ECB, touched Read more…
After two or three failed attempts at around $11,000 area, the Bitcoin price began to create a new lower low against the US Dollar. BTC broke the $10,750 support level to begin a considerable decline. Bitcoin is currently trading around $10,420 area and trying to decline. After rejecting the $11,000 Read more…