The world’s largest cryptocurrency exchange, Binance, has launched a line of Visa cards for customers in the European Economic Area (EEA). The EEA includes all the 27 European Union (EU) countries plus Iceland, Liechtenstein, and Norway but not Switzerland. The United Kingdom’s membership within the EEA may end on 31 December 2020, depending on the outcome of Brexit negotiations. Customers…
Read MoreAuthor: Mark Hartley
Ethereum (ETH) Looking Ready to Rally as Weekly Transfer Value Exceeds Bitcoin (BTC)
After a catastrophic weekend that saw Ethereum lose 25% of its value, the second-largest cryptocurrency has bounced back and now looks poised for more growth. Ethereum continues to see increased weekly usage off the back of the ever-growing decentralized finance (Defi) market. In its most recent success, Ethereum has overtaken Bitcoin for average weekly transfer value, although users are now…
Read MoreYield Farming token YFI up 10x in Just One Month
YFI, the governance token for decentralized finance platform Yearn.Finance (yEarn) has broken Bitcoin’s all-time USD high and catapulted to over $38,000 per token this month. The rare governance token has a very limited supply of only 30,000, with 29,962 already in circulation. The token was valued at around $3,500 in early August, representing a growth of almost 10 times in…
Read MoreCryptocurrency-related Scams are on the Rise, How to Stay Safe
During times of financial distress and economic uncertainty, scammers tend to take advantage of the fear and desperation that many people have regarding their wealth. A report from blockchain forensics firm CipherTrace reveals 2020 as on track to become a record-breaking year for crypto-related crime. The report details fraudulent activities in the first five months of the year that amount…
Read MoreBitcoin (BTC) Rejected at $12k for Third Time, Possible Return to $10k
Bitcoin (BTC) was rejected at the significant $12,000 resistance level for the third time today, instigating a quick collapse that saw it lose almost 8% in value throughout the day. The fall has erased any gains Bitcoin made over the last week, although it is still trading up 20% since this time last month. Bitcoin Cash (BCH), Bitcoin SV (BSV),…
Read MoreBitcoin (BTC) Analysis: Despite Recent Surge, CME Gaps Could Spell Blood
Over the past few days, the price of BTC/USD surged past the significant $10,000 resistance level, only to be knocked back at $11,300 despite several attempts to push further. Bitcoin is now building support around the $11,000 mark, with many questioning whether it will ever trade below $10,000 again. However, with two significant CME gaps remaining open below $10k, those…
Read MoreBitcoin (BTC) Makes Break Upwards Out of Descending Pattern, ETH Settles more Value
In crypto news today, Bitcoin (BTC) has finally broken above the descending trendline that has kept it below $9,300 for the past week while Ethereum (ETH) is revealed to settle more value than BTC due to stablecoin and DeFi usage. Bitcoin Breaks $9,300 The king of crypto has been trading relatively sideways in a tight range between $9,000 and $9,300…
Read MoreCardano (ADA) and Chainlink (LINK) Lead Crypto Altseason to New Highs
Cardano (ADA) is the only top ten digital assets in the green over the past 30 days, up by an incredible 44.4% since this time last month. By comparison, Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are all down by between 3 to 6% – along with the majority of other coins. Alt season appears to be officially underway, with…
Read MoreBitcoin (BTC) Struggling to Hold $9k, Ethereum (ETH) Benefits from DeFi Fever
After continually failing to break above $10,000, the price of BTC/USD has now briefly dipped below $9k and is struggling to hold a position above the support level. Now it looks increasingly likely the price could recede to the lower support level at $8,100 or even $7,600. According to popular Twitter trader and LevelInvest founder @NebraskanGooner, BTC is now on…
Read MoreCardano (ADA) Takes the Lead as Crypto Market Surges
Cardano (ADA) is up 10% in the past 24-hours amidst a market resurgence following last week’s losses. This makes it one of the highest gaining coins of 2020, up 140% since the beginning of the year. It is now trading at $0.08 up from a low of $0.02 during the initial shock of the COVID-19 crisis. Earlier this month, following…
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