Category: Crypto
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Why $7,050 is the Level to Watch During Bitcoin’s (BTC) Weekly Close
In brief: Bitcoin (BTC) encountered massive resistance as it tried to break $7,300. At the same time, its trade volume has been dropping together with its dominance in the crypto markets. In our analysis of Bitcoin (BTC) a few hours ago, we were cautiously optimistic that the King of Crypto was on a slow and…
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Why Staking Crypto such as TRX, KAVA and more is Gathering Steam
In brief: The Coronavirus crash of mid-March has resulted in a lot of crypto traders being cautious. The dominance of stablecoins is proof that they are waiting for favorable crypto conditions to get back to trading. Staking crypto on the various exchanges has provided an alternative to trading and/or storing value in stablecoins. The Bitcoin…
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Justin Sun Baffled By a Jump in New Tron (TRX) Accounts
In brief: On the 19th of April, the Tron network recorded its highest daily increase in new accounts. This feat was noticed by a senior Tron Community member. Justin Sun was baffled by the sudden increase. However, it could be due to the Just (JST) token scale next month and the allure of staking TRX.…
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XRP’s Price Could Keep Falling as Holders Decrease
In brief: A new report by eToro and The Tie shows that the number of Twitter users discussing XRP has fallen drastically. The report also indicates that members of the XRP army have continued to decline since January 2018. The new stats could indicate a continuous trend of capitulation by XRP investors. Times have drastically…
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Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving
Quick take: Bitcoin (BTC) has once again reclaimed $9,000 with 5 days until halving. Pantera Capital’s CEO, Dan Morehead, sees a scenario where BTC hits $115,212 by August 2021. His analysis is based on the change in the stock-to-flow ratio across each halving. The hype and excitement surrounding the Bitcoin halving event is once again…
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Ethereum’s (ETH) Price Holds $168 Support Amidst Historic Oil Dump
In brief: The price of US Crude oil fell hard to $0 with its futures contracts going as far down as $-40. The once in a lifetime event, shook the crypto markets with Bitcoin (BTC) going back below $7,000. At the time of writing this, the price of Ethereum (ETH) is holding the $168 support…
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EMX Exchange Halts Trading of USOIL-Perp After Crude Oil Crash
In brief: Everyone was shocked when US Oil prices hit zero and global futures contracts fell hard into negative territory. Such an event had not been anticipated by the team at the EMX exchange. The team halted trading of its USOIL-Perp contract. Trading of the perpetual contract is yet to be reopened as the team…
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PegNet Launches Mobile Wallet for Android
The fully-decentralized network of stablecoins, PegNet, announces the launch of the first mobile wallet for Android users to easily convert pegged asset tokens. PegNet wallet hosts 42 stable pegged asset tokens of the top fiats, cryptocurrencies, and commodities gold and silverPegNet is the first proof-of-work oracle-based stablecoin network for DeFiFixed $0.001 cost for all transactions…
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Robinhood Secures $280M in Series F Funding, Plans to Expand Globally
In brief: Robinhood has secured $280 Million Series F funding after an $8.3 Billion valuation. The funding will drive a push to expand the platform globally. Robinhood also plans on scaling the platform and offering more products to users. The team at the popular trading platform of Robinhood has announced that the firm has secured…
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BitTorrent (BTT) Throws Another Jab at Filecoin (FIL)
In brief: In a recent tweet, the team at BitTorrent (BTT) has highlighted why the BTFS file system is better than Filecoin (FIL). The teams behind both projects have been throwing jabs at each other ranging from accusations of plagiarism and going as far as claiming the other is ‘vaporware’. Filecoin’s (FIL) Mainnet is set…