Charted: Uniswap’s UNI Explodes Above $12, Why Dips Remain Attractive
Jan25

Charted: Uniswap’s UNI Explodes Above $12, Why Dips Remain Attractive

Uniswap’s UNI surged over 25% and it broke many hurdles near $10.00 against the US Dollar. A new all-time high is formed near $12.98 and dips seems to remain attractive in the near term. UNI gained pace above the $10.00 and $12.00 resistance levels against the US dollar. The price is consolidating gains well above $12.00 and the 100 simple moving average (4-hours). There was a break above a declining channel with resistance near $8.50...

Read More
TA: Ethereum Surges To New ATM, Why ETH Could Rally Further Above $1,500
Jan25

TA: Ethereum Surges To New ATM, Why ETH Could Rally Further Above $1,500

Ethereum surged 15% and it traded to a new all-time high near $1,475 against the US Dollar. ETH price is currently correcting lower, but it is likely to remain well bid above $1,350. Ethereum started a fresh surge above the $1,350 and $1,400 resistance levels. The price traded as high as $1,476 and it is now well above the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,360 on the...

Read More
TA: Bitcoin Consolidates Below $33K, Why BTC Could Attempt Bullish Break
Jan24

TA: Bitcoin Consolidates Below $33K, Why BTC Could Attempt Bullish Break

Bitcoin price is slowly recovering above $32,000 against the US Dollar. BTC is likely to face a strong selling interest near $33,500 and $34,000. Bitcoin seems to be consolidating above the $31,000 and $32,000 support levels. The price is currently just above $32,500 and the 100 hourly simple moving average. There was a break above a declining channel with resistance near $32,650 on the hourly chart of the BTC/USD pair (data feed from...

Read More
Aave hits record $288 high as demand for flash loans and staking increases
Jan24

Aave hits record $288 high as demand for flash loans and staking increases

Surging volume, demand for flash loans and a strong rally in DeFi tokens pushed AAVE price to a new all-time high today. Aave (AAVE) price has been on an absolute tear for weeks and today the DeFi-token rallied to a new all-time high at $288.90.  The decentralized finance protocol is one of the most popular in the market and the recent rally in the DeFi sector is one of the driving forces behind AAVE’s rally. AAVE/USDT 4-hour chart....

Read More
Cryptocurrency makes World Economic Forum’s Davos Agenda
Jan24

Cryptocurrency makes World Economic Forum’s Davos Agenda

Sessions devoted to “resetting digital currencies” are scheduled at this week’s Davos Agenda. The World Economic Forum’s upcoming Davos Agenda will feature two separate sessions on cryptocurrency, offering another compelling sign that digital assets have permeated mainstream consciousness.  The sessions, titled Resetting Digital Currencies, will be held on Monday and Thursday. The first session will feature five public speakers,...

Read More
Scott Minerd: Bitcoin Could Fall to About $20,000 Per Unit
Jan24

Scott Minerd: Bitcoin Could Fall to About $20,000 Per Unit

The bitcoin price is trading for well over $30,000 at the time of writing, though to be fair, it has experienced one of the biggest dips in recent months, having fallen from a recent $40,000 high. With this latest dip of around $7,000, the currency is being called into question by many industry analysts, including Scott Minerd, the chief investment officer at Guggenheim Partners. Scott Minerd Is Bearish On BTC In a recent interview...

Read More
Key metrics show this week’s $4B Bitcoin options expiry favors bulls
Jan24

Key metrics show this week’s $4B Bitcoin options expiry favors bulls

A record $4 billion worth of Bitcoin options expire on January 29 and multiple indicators suggest bulls have the upper hand. Over the past two weeks, Bitcoin price appears to have lost momentum and some analysts are suggesting that bears will be in control for the foreseeable future. Taking a look at derivatives market data provides a clearer picture of what is happening on the institutional side and how the moves of larger players...

Read More
Breach at Indian exchange BuyUCoin allegedly exposes 325K users’ personal data
Jan24

Breach at Indian exchange BuyUCoin allegedly exposes 325K users’ personal data

BuyUCoin initially denied the reports of a data breach, but added that all user funds are safe. Users of Indian crypto exchange BuyUCoin have reportedly been affected by a breach compromising personal data of more than 325,000 people. According to a report from Indian news outlet Inc42, a hacking group by the name of ShinyHunters leaked a database containing the names, phone numbers, email addresses, tax identification numbers and...

Read More
Uhive, the New Crypto-Based Social Platform, Makes A Lot of Moolah
Jan24

Uhive, the New Crypto-Based Social Platform, Makes A Lot of Moolah

New social media platforms are popping up all over the place as of late, and one – Uhive – is powered by cryptocurrency. Uhive Is Doing Things a Little Differently Based in the United Kingdom, Uhive is a unique social platform in that it is powered entirely by digital currency technology. Recently, the company set out on a funding round of 500,000 pounds, which it easily surpassed. Either people are terribly sick of the likes of...

Read More
Ethereum is About to Post a Massively Bullish Signal as Bulls Take Charge
Jan24

Ethereum is About to Post a Massively Bullish Signal as Bulls Take Charge

Ethereum has seen some immense strength in the time following its capitulatory plunge towards $1,000 The cryptocurrency’s V-shaped recovery has allowed it to gain serious ground against Bitcoin, even posting a massive breakout against the benchmark crypto Where it trends next will undoubtedly depend largely on whether or not bulls can maintain their control over the market BTC remaining stable is also important, as any intense BTC...

Read More
Ethereum will become the main asset for investors in 2021
Jan24

Ethereum will become the main asset for investors in 2021

The potential of Ether greatly exceeds Bitcoin, and the community is beginning to understand the value of ETH. During the second half of 2020, we saw a growing interest in cryptocurrencies from institutional investors and big capital. However, all the attention of the whales, as well as all the attention of the public, was fixed on Bitcoin (BTC). Today, we will look at why Ether (ETH) is a more attractive asset and why this...

Read More
Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, AAVE, SNX
Jan24

Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, AAVE, SNX

Select altcoins are rallying to new all-time highs while Bitcoin remains pinned below $33,000. As Bitcoin price trade sideways, traders are keeping an eye out for new purchases from institutional investors in order to gauge whether BTC‘s correction is over. MicroStrategy’s recent purchase of 314 Bitcoin at an average price of $31,808 is a mild sentiment booster but it may not be enough to arrest the decline if buyers do not step...

Read More
Bulls Becoming Bears? The latest Bitcoin Drop Has Analysts Worried
Jan24

Bulls Becoming Bears? The latest Bitcoin Drop Has Analysts Worried

Bitcoin and the crypto market have been acting rather bearish as of late. The world’s number one cryptocurrency by market cap has recently shed around $7,000 off its price, and as a result, the entire arena has lost about $100 million in value. Bitcoin Keeps Falling, and People Are Concerned Thus, everyone is beginning to get rather negative about where bitcoin and digital assets will go in the coming days. They are not sure if...

Read More
SEC vs. Kik Interactive: A status update on the Kin ecosystem and Kin tokens
Jan24

SEC vs. Kik Interactive: A status update on the Kin ecosystem and Kin tokens

A deep analysis of the actual final judgement in the U.S. Securities and Exchange Commission versus Kik Interactive case. Much has been written about the Sept. 30, 2020, decision by Judge Alvin Hellerstein of the Southern District of New York in the U.S. Securities and Exchange Commission vs. Kik Interactive.  In that order, the judge ruled in favor of the SEC’s motion for summary judgement, applying the Howey Test in the course of...

Read More
Anthony Scaramucci says holding Bitcoin as safe as owning bonds and gold
Jan24

Anthony Scaramucci says holding Bitcoin as safe as owning bonds and gold

Scaramucci’s SkyBridge Capital introduced a new Bitcoin fund in early January. He says that improved infrastructure and regulation have made BTC investments “as safe as owning bonds and commodities like gold.” Anthony Scaramucci, the head of SkyBridge Capital and former White House communications director, believes Bitcoin’s (BTC) value proposition has strengthened significantly now that governments have addressed many of...

Read More