Markets

The world’s third largest holder of bitcoin has just bought up a whole lot more. It appears the anonymous whale has purchased as much as $150 million in new BTC units. The news came from Bit Info Charts, a blockchain monitoring service, and suggests the whale bought into bitcoin’s recent dip. A Whale Has Purchased Quite a Bit of BTC At the time of writing, the world’s number one digital currency by market cap has lost quite a bit of momentum. The asset has fallen to...

Over the ensuing decade, the cryptocurrency industry has evolved from narratives such as “Wild West,” “unregulated,” and “experimental” to an important aspect of the financial infrastructure. It has managed to convert skeptics into advocates and proponents. Today, crypto’s potential is enormous, and Mubadala Investment Company’s CEO and Managing Director Khaldoon Al Mubarak understand that very well. Not a Skeptic In an interview with CNBC, Khaldoon doubled down on the...

Stellar lumen price started a fresh decline from the $0.3100 resistance against the US Dollar. XLM price is now trading below $0.3000 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.2720 on the 4-hours chart (data feed via Kraken). The pair could start a steady upward move if there is a clear break above $0.2850. Stellar lumen price is trading in a bearish zone below $0.3000 against the US Dollar,...

Ripple price started a fresh decline from the $0.95 resistance against the US dollar. The price is now trading below $0.90 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.8750 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if there is no recovery wave above $0.8880. Ripple price is showing bearish signs below $0.92 against the US Dollar, unlike...

The International Monetary Fund (IMF) has recently published some recommendations on how to effectively regulate the cryptocurrency sector around the world. In a recent blog post, the IMF acknowledged that crypto assets are rapidly revolutionizing the entire global financial system. However, policymakers still struggle to monitor the risks associated with the market. Regulators Must Act Fast The financial institution pointed out that the rapid growth of the crypto space has...

Long-term Technical Analysis: The Monthly Based on the monthly timeframe, the market is not showing any strength yet. Let’s examine the market structure using the trend lines and indicators shown in the following chart. If we compare the current cycle (2021) with the previous one (2017), the RSI indicator is still on its uptrend with a lower slope (marked by green – dynamic line). During the 2017 bull run, the failure of this line signaled the end of the bull run (the red...

Binance is one of the most recognizable names in the cryptocurrency industry. After all, it’s the leading exchange and forefront for the entire field – a place where many newcomers begin their cryptocurrency journey. However, what a lot of people don’t know, is that apart from its popular exchange, Binance also runs a whole lot of other initiatives, each one of which aimed at furthering the cause of crypto. One of these different avenues is Binance Labs. Those of you who are...

The cryptocurrency industry is branching out in surprising directions, and one such offshoot that has taken the world by storm surely must be the market for NFTs. Non-fungible tokens (NFTs) started gaining popularity in early February of this year, according to data from Google Trends. Source: Google TrendsIt wasn’t until the second half of the year, though, that they truly started going parabolic, as can be seen clearly in the chart above. There are plenty of popular art...

The world’s largest digital asset exchange – Binance – reportedly plans to work with Indonesia’s richest family – the Hartono brothers – to establish a cryptocurrency venture on the island. The endeavor would enable the company to enter into a developing country with a population of around 273 million, many of whom lack access to financial services. Binance Eyeing Indonesia The leading digital asset trading venue has faced regulatory backlash from many watchdogs in recent...

Billionaire investor and hedge fund manager Mike Novogratz feels that Ethereum, in many ways, is outperforming bitcoin. Mike Novogratz Thinks ETH Is Da Bomb While bitcoin is the world’s number one digital currency by market cap and is trading for more than $50,000 per unit, Ethereum is in a whole new category thanks to the technology it presents. Ethereum is the second largest crypto by market cap and is only trading for about $3,600 at press time. At first glance, it...