CryptoPotato’s cryptocurrency fund (the Crypto Fund) launched nearly a year ago continues to attract new investors and its performance has increased sharply during 2020 and especially in the past month. The growth comes after a significant change in its asset allocation with the purchase of Augur’s native token – REP. CryptoPotato’s Crypto Fund History During the summer of 2019, CryptoPotato launched an innovative fund that invests in several digital assets. Before going live, readers had...
Read More »Cryptocurrency Market Cap Loses $4 Billion In Hours, Correction Or Change?
The total market capitalization has lost about 4 billion of its value in the past few hours, and the question is if this is simply a correction or a trend reversal.At the same time, the precious metal market continues to soar with record gains, particularly silver.Crypto Market Retraces By $4BVolatility returned to some extent for Bitcoin this week. Following weeks of stagnation, BTC firstly broke the resistance at $9,300 and then continue towards conquering $9,500.Bitcoin’s intraday high...
Read More »Binance IEOs Skyrocket 20% As Bitcoin Escaped $9200 (Price Watch)
After weeks of sitting in a tight range, Bitcoin finally made a move yesterday and conquered the $9,300 resistance. The majority of large-cap altcoins also followed the upward tick, and, as usual, there are some notable fluctuations among low-cap alts.Bitcoin Is AliveThe last time the primary cryptocurrency stood above $9,300 for more than just a candlewick was on July 9th. Since then, Bitcoin was stuck in its quite familiar range between that level and $9,000.Yesterday, however, BTC showed...
Read More »Bitcoin Fails to Break $9,400 Despite NASDAQ’s New ATH: Tuesday’s Price Watch
The past 24 hours were somewhat positive for most financial markets, including the cryptocurrency field. While Bitcoin was on the rise and gained $300 intraday, the S&P 500 index and the Dow Jones are up by nearly 2%. Nasdaq marked a new all-time high after an increase of 2.2%Crypto Market Goes UpAlthough Bitcoin was fighting to remain above the coveted $9,000 mark hours ago, the bulls managed to gain control and pushed it upwards. The primary cryptocurrency registered price increases as...
Read More »$67 Million Worth of EOS Moved Out of Alleged Crypto Ponzi Scheme PlusToken Address
The perpetrators behind the alleged cryptocurrency Ponzi scheme PlusToken have transferred over 26 million EOS tokens from one of the wallets linked to the project to an unknown address.Historically, similar events have driven down the price of the moved asset, which brings the question if there will be any short-term consequences for EOS.PlusToken Withdraw 26M EOSThe Chinese project began a few years ago as a cryptocurrency wallet offering suspiciously high return rates to its users. To...
Read More »Block.One’s Decentralized Social Media Voice To Launch On July 4th
The last year saw a lot of crypto controversies with various social media platforms, including Facebook, Twitter, and YouTube. This led to a serious call for a decentralized solution where no single authority will have the capacity to censor content.In an attempt to answer some of these calls, the publisher of EOS, Block.one, announced the development of Voice – a blockchain-based social media platform intended to deliver transparency and to put the control back in users.What is Voice?Voice...
Read More »The New PlusToken: Chinese Scam WOTOKEN Stole Over $1 Billion Worth of Bitcoin And Other Cryptocurrencies
Recent Chinese reports indicate that a new cryptocurrency scam, resembling the notorious PlusToken, has been brought to trial this week. Dubbed WOTOKEN, allegedly scammed over 700,000 users and absorbed more than $1 billion worth of Bitcoin and other digital assets.The New Chinese Threat: WOTOKENAccording to local reports, the trial began on May 14th in the People’s Court of Binhai Country, Yancheng City, against six defendants allegedly operating the WOTOKEN project. More specifically, the...
Read More »Bitcoin Accounts For 78% Of The Cryptocurrency Derivatives Market In Q1 2020, Study Finds
According to a new study, the total trading volume of cryptocurrency derivatives has increased dramatically by over 300%.At the same time, BitMEX’s leadership position in the field has been challenged by Huobi, OKEx, and Binance.Derivatives On The RiseAnd amid the most apprehensive days of uncertainty prompted by the eventual aftermath of the COVID-19, the cryptocurrency market went through a substantial losses. Most assets plunged by as much as 50% in mid-March.During these times of hyper...
Read More »Surpassed EOS: Tezos Is Now The Biggest Staking Network, 93% Of All XTZ Is Locked
The tenth-largest cryptocurrency by market cap, Tezos (XTZ), has the most assets locked in staking with over $1.8 billion. The popular blockchain protocol has been especially attractive to investors lately and has surpassed the former leader of staking – EOS.XTZ Locked In StakingPer data from the monitoring website, Staking Rewards, Tezos became the leading in terms of assets locked in staking over the past month. As of April 24th, the total amount equaled to $1.81 billion. Interestingly, as...
Read More »EOS Price Analysis: EOS Surges 10% On The Day, Gets Rejected Against Bitcoin
EOS touched $2.74 after bouncing back with a 10% gain over the last 12-hours Against Bitcoin, EOS price was rejected sharply after attempting to break-through the 3800 SAT resistance. If EOS fails to find a rebound level at $2.6, the bears may resume pressure inside the hourly descending channel. EOS bulls continue to weaken at resistance as buying volume decreases across its trading pairs EOS/USD: EOS Consolidating Around $2.64 Key Resistance Levels: $2.74, $2.8, $2.9 Key Support Levels:...
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