Ethereum, which is the largest altcoin by market capitalization, had an interesting past week. The rally that started on 20 July after the coin bottomed out at $1,724 saw the price hike up by 25% during this time. However, after the coin broke through the $2,000 level and rallied to a high of $2,419, itContinue reading “Why this market leader says ‘that looks pretty good’ for Ethereum”

Since El Salvador’s president made the announcement to make Bitcoin legal tender in the country, equal amounts of praise and criticism have been thrown its way. Even as crypto enthusiasts have repeatedly referred to it as a revolutionary move, many experts have pointed out the negative consequences such a move could have. Now, the InternationalContinue reading “What part of Bitcoin as national currency is a ‘step too far’”

As the legislative world starts to grapple with the functionality and potential of cryptocurrencies, several bodies have come out with research teams to improve their understanding of the emerging technology. The latest among them was Pennsylvania, where a bill to establish a crypto task force was introduced in the American state’s General Assembly. The bill,Continue reading “Is a crypto task force in the books for this American state?”

Bitcoin’s price recovery over the past week had been absolutely amusing, to say the least. The coin registered gains close to 23% during this time, with a 12% hike in the last 24 hours. It strongly held above the $35k price range since last night even as it had begun to move sideways. Even asContinue reading “Why these Bitcoin metrics remain a ’cause for concern’”

It was a good week for Bitcoin bulls, as the king coin climbed up by 10% to finally trade above $34k after weeks of hovering below this resistance. At press time BTC was trading at the $38k level. Even as this rally has improved sentiment to an extent, many continue to remain bearish amidst theContinue reading “Analyst on Bitcoin: If there’s any headline that’s going to help push bitcoin…”

Two of the world’s largest cryptocurrency exchanges, Binance and FTX, recently announced limits on high-risk leverage trading on their platforms. Both companies cited consumer protection as the motive behind these restrictions. The world’s largest crypto exchange, Binance, had announced earlier on 19 July that they were introducing a 20x leverage limit for new users. Now,Continue reading “In the ‘interest of consumer protection’, Binance and FTX make this move”

UPDATE:  On Monday, the e-commerce giant denied the media report that claimed it was looking to accept bitcoin payments by the end of the year. The week that started with “The B-word” was an eventful one for the cryptocurrency industry. Bitcoin rallied 10% amid speculations about Space X CEO, Elon Musk looking to integrate it intoContinue reading “Amazon denies any bitcoin plans”

Amid widespread fears that Bitcoin’s bull run was officially over, it managed to break above $34k on Tuesday. The asset rallied by 10% over the past week and was trading at $34,745 at the time of writing. Many are of the opinion that Elon Musk’s appearance at the “B-Word” event was the catalyst for thisContinue reading “This Bitcoin analyst chalks out ‘what matters most’ right now”

One of the surprising factors in the cryptocurrency space in more recent times was Dogecoin. The “meme-coin” moved to the 8th position on CoinMarketCap within a matter of months. With over a 6500% increase in valuation over the past year, it was undoubtedly the most any coin has gained year-to-date during this time. According toContinue reading “Here’s why Elon Musk might be right about Dogecoin being ‘money’”

Dogecoin is known to many as the original meme-coin, and its supporters aspire to take it “to the moon.” Founded in 2013, it took many years for the coin to gain traction. Surprisingly, by May this year, the coin had rallied 14,000% with a market cap of $85 billion within just one year. The Elon MuskContinue reading “Would Dogecoin survive if someone tried to attack it”

Regulatory scrutiny is raining hard on DeFi as lawmakers slowly come to terms with the evolving space and its challenges. Uniswap Labs is the latest to bow to such scrutiny, with the project restricting access to hundreds of tokens on the Uniswap protocol interface. In an announcement made on Friday, the software development firm citedContinue reading “Did Uniswap just yield to the ‘evolving regulatory landscape’”

Claims that Bitcoin has formally entered a bear market have been frequent. This is an opinion shared by many on Crypto-Twitter, with social sentiments hitting a new low too. Now, although the “death” of Bitcoin’s market has been declared multiple times, 425 times to be exact, is that really the case? On a recent podcast,Continue reading “Bitcoin and Ethereum: How to ‘play it safe?’”