November 2019 - Coingape

Despite the short term spike back above $150, Ethereum is showing signals to trade lower in the coming days as users await the Istanbul hard fork on December 7th 2019. ETH/USD targets $130 if bulls fail to break resistance The price of ETH/USD has been in a sharp downtrend since hitting a yearly high of

Price Analysis

Price Analysis

Bitcoin Eyeing $8000; Can Bulls Keep Up The Momentum?

Black Friday is here and it surely seems so even in the Bitcoin market as the price of BTC soared above $7,800 USD, signaling a possible run up to the $8,000s soon. But with Cyber Monday coming up, some fear a bearish set up remains strongly printed on the charts in the coming days. Is

Supriya Saxena November 30, 2019

Bitcoin News

Bitcoin News

Crypto Update: African Reserve Bank Plans to Curb Crypto Adoption

South African Reserve Bank plans to implement new rules to stop cryptos help evade tax controls. While currency controls is a broad term, the statement is more pertinent to foreign exchange control. Rules To Be Applicable from Q1 2020 South African Reserve Bank is all set to clamp down on crypto exchanges. The former will

Supriya Saxena November 30, 2019

Regulation News

Italian Co-worker Offers to Testify in US Court for Virgil Griffith

FBI’s detention of Virgil Griffith has shaken the cryptocurrency community. The technological expert has been charged with aiding North Korea in avoiding US sanctions by using cryptocurrency and blockchain. Fabio Peitrosanti, an Italian entrepreneur and advocate of transparency and blockchain is ready to offer assistance in clearing the case against him. The case drafted against

Regulation News

FBI Arrests Crypto Educator for aiding North Korea – Is it an Overreaction?

Virgil Griffith, a cryptocurrency educator, has been arrested by the FBI on charges of ‘conspiring to violate the International Emergency Economic Powers Act.’ He violated the sanctions laws of the US by assisting North Korean citizens in developing their technological arsenal. Cryptocurrency enthusiasts take the issue North Korea launch tested two short-range missile rockets, despite the

Altcoin News

Cardano [ADA] Surges 7% in a Day Due to The “Snapshot Effect”

Cardano (ADA) is on a spike against its USD pair, surging 7% in the past day as the epoch 159 upgrade is on edge to happen at any time past 12.00 noon UTC on Friday, 29th November 2019. Cardano founder, Charles Hoskinson, who doubles up as the CEO of Input Output Hong Kong (IOHK), announced

Altcoin News

DeFi update: Total locked value (USD) on DeFi platforms surges to all-time highs

The decentralized finance field is rapidly growing with the total USD value soaring past the $700 million USD mark for the first time ever. According to data collected from DeFi Pulse, a data analytics company, Maker remains the largest DeFi product with 47.86% dominance. The surge in value of DeFi products signals a possible cross

Price Analysis

Bitcoin Price Analysis: BTC/USD Conflicting Signals, Is it $8,200 Or $6,400?

Bitcoin is pushing the impact of the head-and-shoulders pattern with $8,200 as the critical target. The rising wedge pattern is dangerous for the accrued gains; its effects could test $6,400. Bitcoin’s recently formed head-and-shoulders pattern is still the center stage of the current price action. The ongoing recovery emanates from lows close to $7,400 to

ICO & IEO News

Binance To Launch Troy Trade As 9th Initial Exchange Offering On Binance Launchpad

In a recent development, Binance has announced that it is all set to launch TROY TRADE as its ninth initial exchange offering on the Binance Launchpad. Global Scale Brokerage Platform TROY Trade was established in 2018 and is a global scale brokerage platform. The latter specializes in cryptocurrency asset management. As a matter of fact,

Altcoin News

Crypto Adoption: German Banks To Soon Provide Crypto Services

Traditional finance and cryptocurrencies have finally found a connection. As per recent reports, starting 2020, it might be legal for German banks to sell cryptocurrencies like Bitcoin and Ethereum and also provide custody solutions. Bill Awaits Consensus of 16 States In the present scenario, German financial institutions are not allowed to sell crypto assets to

Bitcoin News

BTC/USD Patterns Excite Perma Bulls as $10K Becomes a Target in 2019

It seems the worst is over for Bitcoin (BTC) in 2019 as indicators show signals of a possible bullish trend at the close of the decade. An inverted head and shoulders pattern is forming on the 4H timeframe charts with the price bouncing off the neckline for the past few candles. A completion of the

Altcoin News

Altcoin News

IDAX CEO Still Missing, Speculations of An Exit Scam Rise

Post the announcement of IDAX withdrawal channel congestion on the 24th of November, access to all cold wallets and any deposit/withdrawals has been restricted. If speculations are to be believed the backlog of withdrawals is likely due to company’s decision to leave the market in China. Is it another Exit Scam? On the 24th of

Casper Brown November 29, 2019

Altcoin News

Universal Protocol Alliance Releases UPT Token, But Can it Stand Up to the Competition?

The Universal Protocol Alliance has now released its Universal Protocol Token (UPT,) a new cryptocurrency aimed at enhancing interoperability. The Alliance consists of several member projects and organizations, including OmiseGO, Blockchain at Berkeley, and Cred, among others. Billed as a “mega-utility” token, UPT aims to stand out from the competition by offering multiple use cases

Casper Brown November 29, 2019

Altcoin News

Mati Greenspan Raises Ironic Concerns over Tron based DEX Acquisition by Justin Sun

Poloniex Exchange recently announced the acquisition of the TRXMarket, a decentralization crypto exchange. Since Justin Sun is a leading stakeholder who stands to benefit from both entities, it raises a lot of criticism in the market. Financial and crypto analyst, Mati Greenspan raises a well-founded doubt, How exactly does one acquire a decentralized exchange? Moreover, his advertising

Bitcoin News

XBT/USD Analysis: Bitcoin Price Return Under $7,000 Inevitable – BitMEX Margin Trading

A rising wedge pattern hints a breakdown of Bitcoin price below $7,000. Bitcoin must defend $7,400 support for dear life and focus on scaling the levels in the direction of $8,000. Bitcoin’s recent recovery ran into acute selling pressure at the bear congestion zone around $7,700. Following the failure to break towards $8,000, the price

Bitcoin News

Bitcoin [BTC] Price at Crossroads to $8000 and $7000 as Sentiments Fluctuate

Bitcoin [BTC] price seems to have found the mid-range for traders as bulls and bears play tug of war. BTC is currently ranging between $7700 and $7400. While $7500 forms a strong level of psychological support as well, the market set-up suggests volatility. Bitcoin’s [BTC] price broke above another bullish set-up achieving 50% of the target.

Vinnie Singh November 29, 2019

Altcoin News

Privacy Coins: Will Growing Regulations Strangle Monero, Dash and ZCash to Death?

2019 has been a year of increasing regulations around cryptocurrencies, and subsequently, cryptocurrency exchanges have been facing the pressure to conform to these regulations. This development has not bode well for privacy coins including Monero [XMR], Dash [DASH] and ZCash [ZEC], which are getting delisted from more and more exchanges as exchanges attempt to comply

Vinnie Singh November 29, 2019

Bitcoin News

Interest in CME bitcoin futures plummets risking drop below $7,500

The overall institutional interest in CME Bitcoin Futures is on the drop as BTC price rises above $7,500 USD, signaling a possible upcoming bullish run on the pioneer cryptocurrency. CME’s cash settled futures drops to 3-month low As the price of Bitcoin rises, institutional investors are silently turning bearish as CME Bitcoin futures dropped to

Altcoin News

Altcoin News

Is the upcoming Istanbul hard fork a blessing or curse to Ethereum’s price?

The Istanbul hard fork is set to happen on Ethereum’s mainnet live network on December 6th or 7th, depending on the block times, which judging by the testnet earlier in September will be a contentious hard fork – probably resulting in two chains competing for hash power. Will ETH be able to stand the heat