Decentralized exchange volumes are on the rise as the pullback in the price of Bitcoin motivates some traders to book profits and rotate into altcoins. Decentralized finance (DeFi) started 2021 by taking the cryptocurrency sector by storm and helping to kick the bull market cycle into high gear as traders capitalized on ways to easily […]

Bitcoin’s global hashrate dropped ten days ago following a coal mine accident that caused significant grid blackouts in Xinjiang, China. While initial estimates had shown more than 40% of the hashrate dropped, statistics from a five-day average show the hashpower only lost around 25%. Meanwhile, Chinese miners located in Sichuan may put more pressure on […]

Well-known risk analyst and “Black Swan” author Nassim Nicholas Taleb seemingly changed his previously positive attitude toward Bitcoin, calling it a “gimmick” and an “open Ponzi scheme” during an interview with CNBC’s Squawk Box yesterday. “[Bitcoin] has characteristics of an open Ponzi, everybody knows it’s a Ponzi,” Taleb said. “Basically, there’s no connection between inflation […]

The proposed authoritarian evolution of centrally issued digital currencies takes the world closer to dystopia. Central Bank Digital Currencies (CBDCs) have received increasing interest since Facebook’s failed launch of Libra and China’s recent announcement that they are moving forward with the digital yuan after an early trial period. This is “why we Bitcoin”: because the […]

Bitcoin (BTC/USD) added some gains early in today’s Asian session as the pair appreciated to the 50389.91 level after trading as low as the 48726.87 level during the North American session, with the interday low representing a test of the 61.8% retracement of the appreciating range from 47464.65 to 51500.  Traders tested the 50-hour simple […]

Bitcoin (BTC/USD) added some gains early in today’s Asian session as the pair appreciated to the 50389.91 level after trading as low as the 48726.87 level during the North American session, with the interday low representing a test of the 61.8% retracement of the appreciating range from 47464.65 to 51500.  Traders tested the 50-hour simple […]

Ethereum (ETH/USD) moved higher in the Asian session as the pair appreciated to the 2766.04 level after trading as low as the 2158.36 area during the North American session, with the interday low representing a test of the 61.8% retracement of the depreciating range from 2195 to 2081.01.  Traders lifted the pair as high as […]

Ethereum (ETH/USD) moved higher in the Asian session as the pair appreciated to the 2766.04 level after trading as low as the 2158.36 area during the North American session, with the interday low representing a test of the 61.8% retracement of the depreciating range from 2195 to 2081.01.  Traders lifted the pair as high as […]

The arrested employees, including directors, are suspected of fraud. As a countrywide cryptocurrency ban looms, multiple Turkish exchanges have now come under investigation with four employees of the recently-shuttered Vebitcoin exchange arrested this morning for allegations of fraud. Last night, Vebitcoin announced it would be ceasing operations in a short statement posted on its website, […]

Dogecoin liquidations briefly surpassed Bitcoin, indicating high demand for DOGE and the altcoin market. Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover. Various trends and metrics, such […]