Markets

[Press Release – Please Read Disclaimer] 4th November 2020: finance.vote has commenced its launch sequence that began on the 3rd of November. The finance.vote launch sequence will continue for a full week until the 11th of November when they will hold the Token Generation Event. Since there is a lot of turmoil in the market due to the US Presidential Election, there was a lot of internal debate on whether finance.vote should hold the Token Generation Event on this date. The...

Developed by the SpaceSwap team, shadow staking minimizes the number of transactions within the network and makes the process transparent.The DeFi market is arguably the hottest trend in the cryptocurrency space right now. It is almost at the same level of excitement as the market was in late 2017, though this time, the interest is much more reserved. Furthermore, investors are now warier of the technology, so there are more usable platforms and protocols on the market right now, as opposed...

The leading cryptocurrency exchange Binance has helped recover almost all $345,000 funds stolen due to an exit scam conducted by an automated market maker (AMM) dubbed Wine Swap. Binance Security Team Recovers 99.9% of Stolen Funds In a press release shared with CryptoPotato, the popular exchange shared that Wine Swap launched on Binance Smart Chain as an AMM platform on October 13th, 2020. However, just an hour after the product release, the team behind it “pulled the rug,”...

The performance of both Bitcoin (BTC) and the major stock indexes, in particular, has remained resilient these days.The ongoing count of the United States presidential election votes has seemed to play a little role in causing the lunge in the price of Bitcoin (BTC), as well as the stock market. According to CoinMarketCap, Bitcoin has risen 1.53% in the past 24 hours without any changes in the past hour at the time of writing (GMT+1, 11:45 am).The stock market is also seeming unperturbed with...

CipherTrace stated said that the user probably conducted the transactions to “stay up to date with the Bitcoin network.” An anonymous crypto user recently moved Bitcoin worth $1 billion from the Silk Road wallet. In total, the user moved over 69,370 BTC through two transactions. Before now, the last time assets were moved from the Silk Road wallet was in April 2015. On the 3rd of November, blockchain intelligence firm CipherTrace reported the Silk Road darknet market’s large transaction. In...

The encrypted messaging platform Telegram has to pay legal fees worth $625,000 to a cryptocurrency company as an aftermath of a lawsuit dating back to 2018. All Because Of The “GRAM” Trademark Telegram Messenger Inc. has been ordered to pay legal fees to crypto firm Lantah LLC after it dropped the lawsuit in August this year. As per the official court documents, U.S. District Judge Charles Breyer granted $618,240 in attorney fees for reportedly 1,030.4 hours’ work, billed at...

Tron price started a fresh decline from the $0.0270 resistance zone against the US Dollar.TRX price is currently recovering above the $0.0240, but it is well below the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance at $0.0250 on the 4-hours chart (data feed via Bitfinex).The pair is likely to start a fresh increase if there is a clear break above the $0.0250 resistance zone.TRON price is currently recovering from $0.0230 against the US Dollar,...

Bitcoin price started a strong increase above the $13,550 and $13,600 resistance levels against the US Dollar.The price is now trading well above the $13,700 support and the 55 SMA (H4).There was a break above a major bearish trend line with resistance near $13,600 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct a few points, but dips are likely to find support near the $13,700 and $13,600 levels.Bitcoin price is showing positive signs above the...

After breaking June 2019’s 15-month high just four days ago, Bitcoin is getting closer to the hot zone once again, seeking a new high since January 2018. As of writing these lines, the first U.S. elections results are incoming shortly, and so far, Bitcoin is repeating its behavior from four years ago – surging 3% over the past 24 hours. Currently, Bitcoin is trading around the $14K mark, after increasing over $400 in the past two hours alone. Same Set-up As Of Elections...

Bitcoin is doing rather well as of late, but among all the reasons why, one of them has really got advocates scratching their heads. It looks like the world’s number one cryptocurrency by market cap is getting a lot of support from its biggest competitor: Ethereum.Ethereum Has Really Moved BTC ForwardAs the second-largest cryptocurrency in the world, Ethereum was introduced in 2015, roughly six years after bitcoin was first brought to the trading table. The currency is widely recognized for...