Category: Analysis
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These on-chain fundamentals will prevent you from investing in a scam token
Bitcoin was born to disrupt the global financial system at its core. With the idea of a decentralized, borderless, censorship-resistant, and peer-to-peer version of cash, the flagship cryptocurrency is taking power from governments around the world and giving it to the people. Long gone are the days when trust needs to be deposited on third…
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Researcher: Craig Wright may have plagiarized several parts of his Ph.D. paper
Bitcoin SV proponent Dr. Craig Wright, termed “Faketoshi” for his claims about creating Bitcoin, could soon lose his “Dr.” designation if recent developments are found true and his Ph.D. issuing university takes stern action. From false identity to lifting up research A Medium post dated May 4 by “Paintedfrog” brought the incident to light. The author…
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Ripple co-founder is selling $400,000 worth of XRP every day
The case against XRP seeing any type of near-term bullishness has grown significantly in recent times due to a confluence of dwindling technical strength and rapidly growing fundamental weakness. The past week has further elucidated just how weak the cryptocurrency is in its current state, as analysts are noting that its latest weekly close has…
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Ahead of Bitcoin halving, Stellar (XLM) just broke a major resistance level not seen since 2018
Investors and traders holding Stellar (XLM) may have a reason to rejoice. The payments-based cryptocurrency just broke a significant resistance level and might see a price rise if momentum is sustained. Popular cryptocurrency trader Josh Olszewics, who goes by CarpeNoctom on Twitter, observed Lumens closing above the “Kumo” resistance for the time since 2018. 2D…
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Bitfinex whales are flipping short on Bitcoin as institutions grow more active than ever
Bitcoin’s intense rebound from its mid-March lows of $3,800 has reignited institutional trader’s interest in the market, as seen by BTC’s CME futures open interest setting fresh all-time highs earlier today. Data also seems to suggest that many of these traders are beginning to reduce their short exposure to the benchmark cryptocurrency — a sign…
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Bitcoin’s network health reaches new heights as flight to safety continues
As Bitcoin’s mining rewards halving fast approaches, the cryptocurrency is showing unprecedented signs of both technical and fundamental strength. Not only has the benchmark crypto been able to post a major rebound from its mid-March lows of $3,800, but it has also been able to form greater fundamental strength – as seen by its hash…
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Crypto market wipes out $14 billion as feared Bitcoin halving dump starts
The crypto market lost $14 billion overnight as the Bitcoin price dropped from $9,200 to $8,600 by more than 6.5 percent. The correction occurred with less than seven days left to go before the highly anticipated block reward halving initiates on May 12. A block reward halving is a mechanism that is triggered once every…