Latest News and Updates
Bitcoin Weekly Steady Footing & Biggest Holders aren’t Startled
The cryptocurrency market can delight many traders this week. Members noticed a healthier trend on it, especially after the posts that sowed alarm, Jeff Dorman reports.
Arca put forward the message that while many stocks of cryptocurrencies and other technologies are rallying, bitcoin has suffered defeat. He sees the reason in the leverage. It is precisely this, according to him, that worsens the situation of price movement at a time, when something natural puts pressure on sales.
Dorman informs that the correction was much needed and expected. Up to this point, the funding rate for perpetual swaps was at a 6-month-high. In other words, longs had to pay shorts about 25 bps a day to stay in their position. Because the funding rate must find application in motivating parties to participate and to maintain a balance.
Bitcoin Has Almost Reached USD 50k Again - Ethereum And Altcoins Prices
The price of 1 BTC is USD 49.965 and it seems that the coin might soon hit 50k dollars again. For a while now the price of bitcoin remained below USD 50.000, but the price kept steadily rising. It has almost reached 50k dollars again, and the chances are high that in the nearest future we will see it happening.
BTC is not the only promising cryptocurrency that might rise in price. Just a few days ago the price was slightly above USD 1.450 (March 3, 2021), and today it has reached USD 1.725, and the prices seem to be growing. Moreover, XRP-USD shows promising results as well. A few days ago the price of this altcoin was below USD 0.450, and today it has reached USD 0.466
Steady Bitcoin VS Altcoins Rally: Ethereum Reached $1,000
The world of cryptocurrency has been experiencing crests and troughs during the last year. Some currencies have gone way up in recent trades, and the others remain to hang behind the race. There are many tokens on the market, each of which can skyrocket in value.
The bitcoin appreciation arose significantly. However, it hasn't any chance to beat the resistance of the $35,000. Only BTC was close to this edge. Nevertheless, lately, it showed the tendency to decrease. Now BTC is trying to keep up with the range.
Altcoin digital assets have jumped up. They are Ethereum, XLM, LINK, BNB, OMG, NEO, bitcoin cash, DOT, litecoin, ADA. ETH outmatched his opponents. It revived to beat the $1,000 resistance newly since February 2018. XRP has little chance to overcome the $0.250 edge.
Is it Profitable to Invest in Cryptocurrency Now?
It’s been several years that cryptocurrency has invaded the financial world. Some say cryptocurrency will eventually replace current fiat money, others believe it’s just a good investment. The thing that attracts people to cryptocurrency is decentralization. Digital money is governed by decentralized entities and can't be controlled by the government.
It also offers some advantages and is without a doubt an interesting option to invest in. Moreover, there are more than 500 digital items to invest in. In fact, there are a lot more types of digital coins out there, but not all of them are valuable. But is it still a good idea to invest in digital money? Let’s check out the top 5 investments in digital money and what advantages they can offer.
What Determines the Bitcoin Rate?
It’s difficult to find a person who wouldn't be aware of the existence of such a term as cryptocurrency, and more specifically, Bitcoin. The concept of Bitcoin was introduced several years ago and the blockchain was launched in 2009. An individual or group of individuals called Satoshi Nakamoto was the first to introduce cryptocurrency and now it’s one of the most popular to trade and buy.
A lot of people prefer investing in Bitcoin since it’s pretty convenient and grants some profit. This cryptocurrency (just like any other type of digital money) is not regulated by a central bank or any other institution which makes it even more appealing to buy Bitcoin. But what determines the price of 1 Bitcoin? Why is the price of 1 Bitcoin so high compared to fiat money? Let’s find out in this article.
Wallets of the Future: Are Crypto Wallets Safe Enough
Physical money is slowly and surely becoming a thing of the past. It’s hard to say for sure right now if there will ever come a time where it’s gone completely, but it won’t be long before it ceases to be such a widespread payment method.
Even right now, basically everybody has a debit card or a credit card, or both and that’s been something that has slowly become the norm over the last several decades. Even cheques, the original alternative to paper and coins have started to become somewhat obsolete.
Nowadays, things are even going a step further than that. If you’re on this site you’ve probably heard about cryptocurrency, most everyone has, it’s the next major step in the evolution of money and how we spend.
Fees On Ethereum Chain, DeFi Tokens, CBDC In Bahamas, DLT and Filecoin, Other Crypto News
The crypto world has been expanding during recent years and there is
lots of news to follow. This article is dedicated to DeFi Tokens And
Transaction Fees on Ethereum
Ethereum users as well as ETH holders
may have a reason to finally celebrate - the median transaction fees
within the Ethereum blockchain system have dropped significantly. While
it may be a reason for ETH holders to celebrate, DeFi users have a
reason to worry.
As you may already know, the median fee on
September 2nd was 8.48 USD which is an extremely high price. Today, the
median fee for a transaction has dropped to 1.3 USD.
What Is Staking? The Best Staking Coins
Cryptocurrency has once changed the financial world, and it keeps changing it today. The concept of crypto money is no longer something alien and unusual, it’s a way to gain profit. People keep mining various digital coins, they get together as pools to raise the chances of getting more coins, they invest in digital coins, etc.
But today we have new ways of profiting from cryptocurrency. You don’t even need to buy expensive mining equipment or spend money to invest in currency. All you have to do is to consider the staking option. In this article, you may learn about the concept of staking, what benefits it offers for cryptocurrency holders, and what tokens are the best for staking.
COVID-19 Crisis: What Crypto Can Survive The Pandemic?
The coronavirus outbreak has changed everything in our world. It wasn’t
expected as much as the crisis in 2008, it almost hit suddenly. With the
whole world trying to survive this terrible illness, the financial
situation is not becoming any better. The recent crash in March that was
called a Black Thursday impacted the crypto world as well.
If the
most popular cryptocurrency in the world - Bitcoin was sold at a price
higher than 9.000 dollars, after the crash it was sold for a little more
than 4.000. It nearly dropped half of its price. Even though it is not
the first crash of the cryptocurrency market, it was a sudden one.
After
things will get to relative normal, which won’t happen in 2020 in terms
of financial situation, some cryptocurrencies will survive the outbreak
of coronavirus while others might not recover from it.
View Of Ethereum As Money: How Stablecoins Are Related?
Even though Ethereum coins, or as they are commonly called ETH, has a
good claim to become money, stablecoins might become a rival to ETH. It
might be a weird thing to say since the increased popularity of
stablecoins is good for ETH. But some experts claim it might have some
downsides.
Currently the market of exchanging stablecoins is at its
highest and most would think that it is good for ETH since the more
people use stablecoins, the more they need ETH. But this is not exactly
the full picture. As it is reported, stablecoins market is estimated at 3
billion dollars. And at the same time the transfer of stablecoins needs
the Ethereum platform. Meaning, that growth of stablecoins means the
grows of using ETH.
But is it good? The truth is that there are advantages and disadvantages of this process.