Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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Bitcoin Options on Futures Now Available at CME Group
About four months ago, CME Group announced its plans to launch Bitcoin options on futures. The platform, however, announced the opening of its options market for investors and traders. CME revealed this through its official Twitter handle, mentioning that it provides better capital efficiencies and another means of managing Bitcoin exposure. CME Group first announced the introduction of a regulated Bitcoin options market. Bakkt also delivered the product last month by opening its Bitcoin Monthly Futures Contract. Additionally, FTX also…
5 years ago
Ethereum Classic Exposes The EAgharta Scam
Following the completion of the Ethereum Classic (ETC) hard fork, a scam exploiting users recently got revealed. The ETC development organization addressed the fraud while cautioning people. On the 13th of January, the ETC cooperative tweeted, exposing an alleged scam claiming to be “EAgharta.” The Agharta fork went live on the 12th of January and improved interoperability with protocol changes introduced to its blockchain through its Constantinople and St Petersburg upgrade in 2019. The scammers behind EAgharta, are trying to…
5 years ago
Bitcoin To Experience Short-term Accumulation
The BTC/USD price is currently within a range under the significant hurdle at $8200, suggesting a short-term accumulation stage. The price may rise to over $8200, or it could decline to $7700 to a modest bounce. Bitcoin bulls succeeded in pushing the price to over $8000, despite the resistance. The price established a level over the 100 hourly SMA, although it struggled to rise over the hurdle at $8200. Analyzing BTC/USD Hourly Chart The BTC/USD hourly chart shows a modest…
5 years ago
Experts Disagree with The Notion of Bitcoin on Ethereum
There is an aspect of crypto and blockchain, usually utilizing ideas to obtain value from blockchain’s principal success. One instance of such is Bitcoin Hard Forks. Recently, an Etheereum product developer, known as David Hoffman, tweeted his bullish sentiments supporting Bitcoin transactions on Ethereum. The notion of running Bitcoin on a second faster chain always gets suggested. EOS has been trying to make such happen. The impact of the growth of Bitcoin networks drives the markets with stores of value…
5 years ago
PwC Switzerland Gets ChainSecurity as a New Business Partner
Recently, ChainSecurity became a partner of PwC’s branch in Switzerland. The objective of the partnership is to enhance the services offered by PwC. As per PwC’s spokesman, there was no acquisition, but ChainSecurity teams joined the firm. The teams include the core delivery and development teams. A press release published on the 5th of January 2020 pointed out that PwC hopes to become the leading company in smart contracts auditing through the ChainSecurity team that joined the company. ChainSecurity Responsibilities…
5 years ago
Bitcoin Ads Aired during Premier League Match
On the 12th of January 2020, Bitcoin ads from eToro got displayed during Tottenham and Liverpool’s march. The act was exceptional since it is the first one of its kind. In 2019, eToro signed a deal with Brighton, Hove Albion, Cardiff City, Crystal Palace, Leicester City, Newcastle United, and Southampton. These clubs got paid for Bitcoin advertisements, and eToro seems to display the Bitcoin ads when notable matches are going. In this case, millions of individuals watch the premier league…
5 years ago
Bitcoin climbs above $8,000 and altcoins follow the trend
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary • The Crypto Market ends the week at a total market capitalization of $214 billion • Bitcoin price responds to international conflicts and breaks past the $8,000 mark • Ethereum finally goes above the $130 barrier and sets sights on the $150 stopover • Ripple joins the market renaissance and bullishly climbs above the $0.20 mark • The conflict between the United States and Iran escalates, which increases…
5 years ago
Is BTC/USD Ready for a New Rally?
The BTC/USD price is on the upside above the supports at $7800 and $7700. If the pair reaches $8200, it may start a fresh uptrend. Last week, the pair commenced a downside retracement from the $8473 high. However, the price returned to the downside under the supports at $8200 and $8000. The price also got remarkably supported at $7700 and $7600. A Look at the 4-hour BTC/USD Chart The 4-hour BTC/USD chart shows the price established a level over the…
5 years ago
ETC Agharta Upgrade Goes Live on Mainnet
On the 12th of January 2020, the Agharta upgrade of the Ethereum Classic took place on the mainnet. It occurred in block 9 573 000. There was also successful implementation of its networks, which include Morden, Morder, and Kotti. Likewise, the upgrade achieved the addition of Ethereum Constantinople Opcodes of Ethereum Classic, ETC mainnet. The upgrade’s objective was to make some changes in Constantinople bitwise shifting instructions, Constantinople skinny CREATOR opcode, and Onstantinople EXTCODEHASH. Additionally, the upgrade focused on increasing…
5 years ago