Quick take: XRP has formed a symmetrical triangle on the 6-hour chart A resolution of this triangle could result in XRP retesting the $0.72 to $0.80 level XRP could break past $0.80 if there is enough momentum However, XRP might only have till December 12th to remain in bullish territory,...
TL;DR Acala network, the defi protocol for Polkadot, has suffered a breach, and its stablecoin depegged from the dollar. Acala Network’s aUSD stablecoin currently sits below $1, dropping as low as 0.58 at one point. It is reported that hackers collected approximately $1.2 Billion $AUSD. Polkadot’s decentralized finance protocol Akala...
Summary: Deposits into liquid staking protocols like Lido Finance grew to over $14 billion on Monday, as Ethereum’s upgrade for staked withdrawals draws nearer. Liquid staking now boasts crypto’s second-largest industry, topping lending markets in terms of total value locked. The hype around Ethereum’s Shanghai update and staked Ether withdrawals...
Summary: A public call for tender was launched by the EU Commission last week. The call is for a study geared toward developing automated monitoring systems and compliance oversight for decentralized finance. DeFi operations in the Ethereum ecosystem are the main target for the commission’s so-called “embedded supervision”. The U.S....
In brief: The crypto markets have seen a massive dip in market capitalization in the last 48 hours. At its lowest, the total market cap lost $100 Billion in the same time period. Bitcoin (BTC) dropped below $4,000, touching $3,700 on some exchanges. Tether’s increase in market capitalization in the...
Quick take: Earlier today, ChainLink dipped below the crucial $8.80 support zone $8.80 was LINK’s last organic all-time high before LINK marines heeded the call to liquidate Zeus Capital LINK is also trading below the 50-day and 100-day moving averages The 200-day moving average might provide some relief around the...
Strong Bitcoin Mining Scene Bodes Well For BTC Bitcoin is known for its ability to go parabolic and exponential. Over the course of the asset’s ten-year history, BTC has been susceptible to massive bouts of price action, during which the cryptocurrency has rallied by thousands of percent, to then fall...
Bitcoin is on track to becoming a decentralized reserve and store of value asset Bitcoin might become a good companion for portfolios which also have low-yielding bonds The world is leaning towards a digital future and Bitcoin is at the forefront China banning BTC mining makes the Bitcoin network more...
CEO of Santander Brasil Mario Leao said that the bank would offer crypto trading in the country. He believes that the market is here to stay, and more news should arrive in the months to come. Many banks have begun to offer crypto trading services, which could spur adoption. The...
Ever since facing a strong rejection at the key support level of $12,000, Bitcoin has been greatly extending its downwards momentum and is now nearing the critical psychological support level of $10,000. Despite this, analysts are now noting that Bitcoin’s fear and greed index – which is commonly used as...
After incurring significant upwards momentum yesterday, XRP has been able to find some stability as the aggregated crypto markets face a bout of consolidation, although Ripple – the largest XRP owner – did transfer one billion XRP earlier today, which may mean that a fresh sell-off is imminent. It is...
