Kraken, a prominent U.S.-based cryptocurrency exchange, has received approval from the State of Wyoming for its proposal to form a new kind of financial institution: an exchange empowered to carry out some of the functions of a private bank. Kraken announced this new development on its website on September 16, 2020, detailing Read more…
The cryptocurrency market saw losses on Monday, as traditional stock markets plummeted sharply. This could be related to news reports that large banks were involved in money laundering transactions. VeChain flipped from bullish to bearish momentum over the weekend. VeChain appeared to have initiated an uptrend last week, as seen on the Aroon indicator. The Read more…
Ethereum lost more than 10% of its value within the last 12 hours dropping from a $42 billion market capitalization to a current low of $38 billion. Investors were unsure if Ethereum was forming a bear flag which formed its flag pole On September 1 and the upwards consolidation period started on Read more…
Bitcoin is trading in the red near $10,650 at press time, down 2.9% on the day, having faced rejection near $11,000 earlier on Monday. A decline in European stocks and U.S. stock futures and a rise in the U.S. dollar look to be weighing over the top cryptocurrency by market cap. Major Read more…
The creator of Cardano who also doubles as the CEO of Input Output Hong Kong (IOHK), Charles Hoskinson, has been posting several updates to communicate recent developments in different areas of the Cardano blockchain projects, however, the investor in a video highlighted updates on project Goguen and DSLs Smart Contracts. Hoskinson said Read more…
Bitcoin and altcoins have always correlated in terms of performances and prices. It is no secret that Bitcoin dominates the crypto space and most of the time, a spike in its price could also mean greens for altcoins as well as taking altcoins for a ride when it sees red. Some altcoins Read more…
This week, bitcoin jumped higher. Yesterday, the digital asset even briefly hit $11,000. However, BTC slowly made its way below $11k today but is still trading above $10,800. Going forward, $11,600 is “strong resistance” for bitcoin, and if the digital asset closes above this level, while ETH/BTC is below 0.036, “btc turbo Read more…
Over 1.1 billion XRP coins have been designated by investors to receive free Spark governance token by Flare in an upcoming airdrop to hold this December. As announced, only registered and eligible accounts qualify to get the free Spark token. Flare, in partnership with one of the top crypto giants, Ripple, says one Read more…
Bitcoin is on the rise again… The crypto king reached a 10-day high of $10,706 at 15:22 UTC on the Bitstamp exchange as bulls have finally started gaining ground after a major retracement. BTC crashed more than 16 percent in just two days on Sept. 2 and 3 after bulls’ attempt to Read more…
An analyst has observed that Tesla’s recent stock action has closely resembled Bitcoin, suggesting that the electric car maker’s stock is currently in a bubble. Julian Bridgen, the co-founder of macroeconomic research firm MI2 Partners, says Tesla’s price behavior is comparable to that of Bitcoin in 2017 when it hit Read more…