Archive for February, 2021

Crypto Exchange Mistakenly Sold Bitcoin for $6,000: Now Requests Users To Return It

February 28, 2021 | By | Reply | 52 Readers More
Crypto Exchange Mistakenly Sold Bitcoin for $6,000: Now Requests Users To Return It

What started out as a normal trading day for some PDAX customers led to a favorable turn of fortune, or so it seemed. Their euphoria may have been short-lived by a harsh reality check as the Philippine-based exchange prepares to take legal actions. PDAX Issues Warning To Traders For Exploiting Glitch Philippine Digital Asset Exchange […]

Read More

Cardano Price Analysis: 28 February

February 28, 2021 | By | Reply | 54 Readers More
Cardano Price Analysis: 28 February

While a majority of the assets are still trying to recover from the recent price drop, Cardano managed to record a new all-time high over the past week. Clocking in a value of $1.48 yesterday, Cardano is currently one of the top three assets in the world and while the asset has registered a 10% […]

Read More

NBA Top Shot leads NFT explosion with $230M in sales

February 28, 2021 | By | Reply | 60 Readers More
NBA Top Shot leads NFT explosion with $230M in sales

Dapper Labs, the creator of the CryptoKitties game, is helping the National Basketball Association, or NBA, become a magnet for digital collectibles.  NBA Top Shot, a marketplace for non-fungible tokens, or NFTs, has generated over $230 million in sales, according to Dapper Labs. NBA Top Shot is built on Dapper’s Flow blockchain, allowing users to […]

Read More

Does Ethereum’s bull run still have to wait for Bitcoin?

February 28, 2021 | By | Reply | 51 Readers More
Does Ethereum’s bull run still have to wait for Bitcoin?

With Bitcoin’s price dropping at the start of the week, it wasn’t hard to imagine how Ethereum’s price would react. Given the fact that the altcoin market is generally tied to Bitcoin thanks to the high correlation, ETH’s price fell by close to 30 percent since. However, for a coin to perform well on the […]

Read More

Transparent stablecoins? Conclusion of Tether vs. NYAG raises new questions

February 28, 2021 | By | Reply | 60 Readers More
Transparent stablecoins? Conclusion of Tether vs. NYAG raises new questions

A long-standing legal drama finally found resolution on Feb. 23, with the New York Attorney General’s office announcing that it had come to a settlement with cryptocurrency exchange Bitfinex after a 22-month inquiry into whether the company had been trying to cover up its losses — touted to be worth $850 million — by misrepresenting […]

Read More

Bitcoin Price Analysis: Hope? Bullish Pennant Forming As BTC Plunges To $43K

February 28, 2021 | By | Reply | 52 Readers More
Bitcoin Price Analysis: Hope? Bullish Pennant Forming As BTC Plunges To $43K

Bitcoin seems to be going from bad to worse, with another 7% price drop today. BTC decreased by a total of $3,300 today as it dropped below $47,750 and also beneath the important support at $44k. The cryptocurrency continued to spike downward, reaching as low as $43,000 before a slight rebound, as of now. Looking […]

Read More

Bitcoin is an Alternative to Gold And Not a Currency, Says Bridgewater Analyst

February 28, 2021 | By | Reply | 55 Readers More
Bitcoin is an Alternative to Gold And Not a Currency, Says Bridgewater Analyst

Rebecca Patterson, the director of investment research at Bridgewater Associates, said bitcoin could be better compared to gold than a currency due to the similarities between both assets, thus, supporting the digital gold argument. Bitcoin As Digital Gold In a recent interview with Bloomberg, Patterson said she wouldn’t call bitcoin an alternative currency, I think […]

Read More

DOGE’s Rally Has Revived Dogecoin Development, But For How Long?

February 28, 2021 | By | Reply | 58 Readers More
DOGE’s Rally Has Revived Dogecoin Development, But For How Long?

Source: Adobe/Nikolay Amid all-time highs for bitcoin (BTC), ethereum (ETH) and various other tokens, dogecoin (DOGE) has remained something of a black sheep of the crypto family. It rallied almost 2,000% in the past 12 months, yet it’s still widely regarded as a ‘joke’ currency, despite — or partly because of — the vocal support […]

Read More

ETH Price Analysis: After Losing 30% This Week, Ethereum Facing Crucial Support At Previous ATH

February 28, 2021 | By | Reply | 57 Readers More
ETH Price Analysis: After Losing 30% This Week, Ethereum Facing Crucial Support At Previous ATH

ETH/USD – Market Returns To January 2018 Previous ATH Key Support Levels: $1400, $1291, $1250, $1200. Key Resistance Levels: $1400, $1465, $1500, $1600. Ethereum is now down by a total of 30% over the past seven days of trading. The cryptocurrency had spiked above $2000 only last week as it hit the upper boundary of […]

Read More

Vice President of Nigeria Tips Cryptocurrencies To Challenge Traditional Banking

February 28, 2021 | By | Reply | 63 Readers More
Vice President of Nigeria Tips Cryptocurrencies To Challenge Traditional Banking

The Nigerian cryptocurrency community was shaken to its core when the country’s apex bank released a circular warning financial institutions to desist from enabling cryptocurrency transactions. The Central Bank made arguments to justify the decision, with several notable figures weighing in on the subject. Nigeria’s Vice President, Prof. Yemi Osinbajo is the latest to share […]

Read More