Markets

In hopes of regaining the support of the cryptocurrency community after the ‘apolitical’ stunt, Coinbase has decided to fund ‘at-least’ two Bitcoin Core developers. This sponsorship act marks the debut for Crypto Community Fund, the exchange’s new grants program. Coinbase Shows Support For Bitcoin Development In a blog article released yesterday, Manish Gupta, EVP of Engineering at Coinbase, announced plans to sponsor at-least ‘two Bitcoin developers who contribute directly...

Bitcoin continues to struggle and has dropped by another 1% to about $11,300. The alternative coins bleed out and have wiped out most of the recent gains. These developments could be attributed to news that the popular exchange OKEx has seized withdrawals and is cooperating with a “public security bureau in investigations where required.” Bitcoin Loses Another 1% As reported a few days ago, the primary cryptocurrency marked a 5-week high of about $11,700. Since then, though,...

Yield farming aggregator and DeFi clone Dracula Protocol has released details on a smart contract bug in rival DeFi protocol SushiSwap. The protocol was started in protest at SushiSwap which it claims was an unfair launch resulting in ‘vicious dumping’ on ordinary retail investors which eventually led to a massive price crash. “When Sushi entered the market, centralized exchanges and major corporations listed and supported the project, despite its lack of ingenuity or novel...

Bitcoin cash price is trading nicely above the $235 and $245 resistance levels against the US Dollar.The price traded to a new monthly high at $266 and it is well above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $246 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to resume its upward move as long as it is above the $245 support zone.Bitcoin cash price started a strong increase and it even broke...

According to popular cryptocurrency exchange Kraken, the price of bitcoin could find itself 11 percent higher by the end of October.Kraken: This Will Be a Good Month for BTCThe San Francisco-based trading platform has recently released its September report, which suggests that this month’s price could jump by an additional ten percent. This marks a complete reversal from where bitcoin stood just last month. September is typically the worst-performing month for bitcoin each year. By contrast,...

Once again the crypto market is bouncing back stronger after a little bit of pullback in the month of September following the uncertainties and irregularities of the upcoming American election. This month, the market seems to find its direction upwards as the bulls are raging and gaining momentum by the day. Yet again, the DeFi market is also experiencing a rebound of prices across various assets, tokens and projects, bringing up the potentiality of the DeFi market being among the top gainers...

News of institutions getting more involved in crypto appears to be pushing the bitcoin price to new heights.Bitcoin Is Surging Unlike Any Other AssetThings started out last month when it was announced that MicroStrategy had purchased roughly $400 million or more in bitcoin. From there, other companies began to follow suit. For example, Square – a digital payment firm – bought roughly $50 million worth of the world’s number one digital currency by market cap, while Stone Ridge also invested...

A new report is out thanks to the work of both Tie and the cryptocurrency exchange e-Toro. According to the document, cryptocurrencies everywhere are continuing to mature at a rapid rate.e-Toro Lets Us in On New Data About CryptoThe latest material in the report contradicts several anti-crypto theories that they are either not real assets or are strictly driven by the fear of missing out (FOMO). In addition, cryptocurrencies are suggested to be completely unique and do not share market...

Although the Bitcoin blockchain lacks the infrastructural model to enable interoperability and power a DeFi landscape like Ethereum, the asset is increasingly being used to provide liquidity in the DeFi market.Without any doubt, the Ethereum blockchain remains the core foundation of the DeFi narrative due to the ever-growing network of applications and developers relying on its infrastructure to power innovative financial systems. Hence, for a while, it was almost impossible for crypto...

October looks promising to Bitcoin traders as the price hiked in spite of pushes from regulators.As the volatility in the markets grows, Bitcoin seems to be referred to as the safe-haven outdoing Gold in this matter by 5.20% since October 1. While many investors saw an FCA regulation on crypto CFD’s as a bearish signal for BTC and the crypto-assets as whole, in fact it was the opposite and the explanation to this paradigm is simple. Traders who trade Bitcoin CFD’s on an FCA regulated broker...