Archive for September 9th, 2020

SushiSwap has officially migrated away from Uniswap after a week of ups and downs

September 9, 2020 | By | Reply | 14 Readers More
SushiSwap has officially migrated away from Uniswap after a week of ups and downs

SushiSwap, one of the latest decentralized finance, or DeFi, projects to overtake the Blockchain space, has turned a major page in its short life span. As of September 9, the protocol has officially completed a migration over to its own decentralized exchange platform.  “Done,” SushiSwap head Sam Bankman-Fried said in a tweet at 3:10 p.m. […]

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Sushiswap Migration in Process: $830M of Liquidity Moving Away from Uniswap

September 9, 2020 | By | Reply | 9 Readers More
Sushiswap Migration in Process: $830M of Liquidity Moving Away from Uniswap

The Uniswap fork that got all the attention during the past week, Sushiswap, is moving forward with the migration of the liquidity locked in it. According to DeFi monitoring resource Zippo, there’s about $830 million locked in the protocol that will be migrated from Uniswap to Sushiswap. Spearheading the operation is the CEO of FTX. […]

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Lucky Number 7? Bitcoin Bulls Defend $10,000 Support A Week Straight

September 9, 2020 | By | Reply | 13 Readers More
Lucky Number 7? Bitcoin Bulls Defend $10,000 Support A Week Straight

Bitcoin price has fallen by over $2,000 from its 2020 high and is currently struggling to hold support above $10,000. Or is the other way around, and bulls have been valiantly defending the key support level on daily timeframes? Zooming out further shows yet another critical retest in progress, and one that could potentially last […]

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This Support Level is Critical for XRP, What’s Next? (Ripple Price Analysis)

September 9, 2020 | By | Reply | 15 Readers More
This Support Level is Critical for XRP, What’s Next? (Ripple Price Analysis)

XRP saw a small 2.5% price increase today as the support at $0.236 continues to hold firm. The coin is trapped between $0.228 and $0.236 for the past 4-days of trading. Against Bitcoin, the 100-days EMA continues to show its strength as the bears fail to close beneath it. XRP/USD – Bulls Vehemently Defend $0.236 […]

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Ethereum Whales Almost Double Their Holdings in A Month – Report

September 9, 2020 | By | Reply | 14 Readers More
Ethereum Whales Almost Double Their Holdings in A Month – Report

Source: Adobe/jamesteohart The largest holders of ethereum (ETH) tokens have become even larger, with a near-doubling of their bags over the course of August, new data from on-chain analysis firm Santiment showed. Looking at the holdings of the largest non-exchange ETH wallets, the firm found that holdings increased by 84% in August, from ETH 3.16m […]

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You Want To Predict Bitcoin’s Price? Look At Gold

September 9, 2020 | By | Reply | 12 Readers More
You Want To Predict Bitcoin’s Price? Look At Gold

Macro-scale data reveals that the correlation between gold and Bitcoin has surged in 2020, registering a new all-time high. Although both assets are in the green year-to-date, Bitcoin is still outperforming the precious metal, despite the recent price drop. BTC-Gold Correlation At ATH According to data from the analytics company CoinMetrics, the 60-day correlation between […]

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DCG adds crypto exchange Luno to its growing crypto empire

September 9, 2020 | By | Reply | 14 Readers More
DCG adds crypto exchange Luno to its growing crypto empire

Digital Currency Group recently revealed the acquisition of a popular crypto exchange, Luno. The acquisition was sudden, although not surprising, considering that the two had strong ties for years. DCG invested in Luno back in 2014, and it followed its progress ever since. The crypto industry is beginning to see the rise of crypto empires […]

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Crypto exchange volume data is becoming more reliable — but it’s still far from perfect

September 9, 2020 | By | Reply | 13 Readers More
Crypto exchange volume data is becoming more reliable — but it’s still far from perfect

The Blockchain Transparency Institute, or BTI, has published its market data integrity report for 2020. This report found a threefold improvement in the quality of data on veteran crypto rankings site, CoinMarketCap.  “Only 31% of the [CoinMarketCap] top 25 is being wash traded compared to over 90% just 1 year ago, a 3x improvement with […]

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3 Risk Management Techniques for Cryptocurrency Trading

September 9, 2020 | By | Reply | 14 Readers More
3 Risk Management Techniques for Cryptocurrency Trading

Trading cryptocurrency as a means of generating additional income has become more and more fashionable with countless individuals now doing it. There are a plethora of ways of trading in order to be successful, but a key reason is the enacting of strict risk management practices. Proper management of risk is the difference between consistently generating wins, […]

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September is Bitcoin’s Worst Month & It Can Get Worse This Year

September 9, 2020 | By | Reply | 13 Readers More
September is Bitcoin’s Worst Month & It Can Get Worse This Year

Source: Adobe/mdesigner125 September is historically the worst month of the year for the price of bitcoin (BTC), with an average return of -7%, a new report from major crypto exchange Kraken warned. This year, BTC has underperformed relative to historical monthly averages, which, according to the company, means that investors should be prepared that bitcoin […]

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