DeFi keeps making the headlines, but some are saying to exercise caution lest it becomes a bubble We end the week with Bitcoin markets in the continued sideways trading pattern established weeks ago, with the early week seeing sub USD 9,000 prices before a recovery that saw last month’s high touched before settling now just above USD 9,150. But the …
The United States government is threatening to break the Hong Kong Dollar’s peg as retaliation for the Chinese takeover of Hong Kong. This would shatter the Hong Kong Dollar’s value, and could even lead to a currency collapse, and this has the potential to spark a massive wave of capital flight into Bitcoin. As discussed in a previous article on …
The Dogecoin market had been stable and flat the past few months, with a market cap hovering between USD 250-300 million. In-fact, many crypto experts probably would have said that Dogecoin is just a fad that is long dead. However, Dogecoin has suddenly surged to life this week with a 130% rally, with its price increasing from USD 0.0023 to …
As banks begin to restrict how customers can withdraw their cash, Bitcoin provides the solution for sovereign money Keeping cash in the bank is branded as the safest way to store money, but banks across the globe are persistently increasing limits and roadblocks for cash withdrawals, in what seems to be an effort to forcibly prevent customers from withdrawing their …
The Miner’s Rolling Inventory can be a useful tool to identify crypto market sentiment based on how miners are maintaining their inventory Crypto traders need as many tools as they can get their hands on in order to get an edge when trading, and one extremely useful but perhaps not well-known tool that can be used to determine crypto market …
MakerDAO’s DeFi crown has just been wrested by Compound with some USD 642 million total assets under management locked in the platform The Maker Decentralized Autonomous Organization (DAO) has long been the king of the Decentralized Finance (DeFi) sector, but now Compound has dethroned MakerDAO for the #1 spot in the industry, with Compound having USD 642 million of total …
Is peer-to-peer Bitcoin Trading on the decline as regulations tighten their noose around these platforms? This week, Paxful surpassed Localbitcoins as the peer-to-peer (P2P) crypto exchange which has the most volume, which is the first time ever that Localbitcoins has fallen from the #1 spot. However, this event has less to do with Paxful becoming successful, and more to do …
The Lawful Access To Encrypted Data (LEAD) Act, if passed, threatens to make cryptocurrency illegal A new bill has been introduced into the United States Senate called the Lawful Access To Encrypted Data (LEAD) Act, and it would compromise all forms of encryption and make cryptocurrency illegal. To be clear, this is just a bill at this point and hasn’t …
Bitcoin silently breaks metrics records as price continues in sideways trend with 3 million weekly addresses with a balance, 5 million active addresses, and hourly spent outputs reaching an all-time high DeFi platforms offering interest and credit lines to crypto depositors are seeing massive uptick in interest Traders and speculators may be getting cabin fever from being stuck in a …
The recent discovery of 83 tons of counterfeit gold brings into perspective Bitcoin’s advantage in that it cannot be falsified Bitcoin is often called ‘Digital Gold’ since it has similar properties to gold such as being a safe haven asset and being a scarce and highly coveted commodity. However, Bitcoin is perhaps even better than gold, since it cannot be …
