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As Bitcoin approaches the $6,500 support level, some of the most prominent analysts in the industry believe that a market bottom could be near just like it happened over a year ago. History tends to repeat itself After reaching an all-time high of $19,890 on Dec. 17, 2017, Bitcoin went through a steep bear market. […]

Despite many believing it to be the future of fundraising, initial exchange offerings (IEOs) suffered major losses in 2019. According to the latest report from Blockchain Capital, the overwhelming majority of market returns from IEOs came from just one exchange—Binance. Data shows exchange offerings generated huge losses for investors Following the initial coin offering (ICO) […]

Seattle-based cryptocurrency tax analysis firm ZenLedger has raised $3.35 million in a seed round after processing more than $1 billion crypto transactions. ZenLedger’s investors include Vestigo Venture, Castle Island Ventures, Gumi Cryptos, Unblock Ventures (Line Messenger), and Migration Capital. Following the release of the first cryptocurrency tax guideline by the Internal Revenue Service (IRS) in […]

Bitcoin is back below $7,000 after plummeting 5.72 percent in the last 21 hours. As the market shivers in “extreme fear” based on the Crypto Fear and Greed Index (CFGI), IntoTheBlock estimates that the feeling around the flagship cryptocurrency is “mostly bearish.” The current state of the market On Dec. 16, Bitcoin went from trading […]

Blockchain analysis firm Chainalysis has issued a new report suggesting that PlusToken, the multi-billion-dollar Ponzi scheme widely suspected to have been driving down the price of Bitcoin with mass liquidations, could have misappropriated less crypto than previously alleged. The report claims several individuals associated with the now-collapsed crypto wallet scam have liquidated about 25,000 BTC […]

Bitcoin’s upcoming mining rewards halving has long been looked upon as the most immediate impetus for the next BTC bull run, and the hopes that have been pinned on this event have only inflated in recent times as the cryptocurrency remains caught within a firm downtrend. If history repeats itself, this event will catalyze the […]

Privacy-focused browser Brave shows no signs of slowing down as it reached a new milestone three weeks before the end of the year. According to data from BATGrowth, there are currently more than 350,000 verified publishers on the platform and over 220,000 BAT addresses. 350,000 publishers support Brave’s effort to revolutionize advertising Few companies in […]

Cardano celebrated the launch of the Shelley incentivized testnet, as it debuted with hundreds of pools and over 2.6 billion ADA staked. The testnet currently has 281 staking pools, which is 10 times more than EOS’s 21 and Tron’s 26. Incentivized testnet shows promising results for Cardano After months of anticipation, the incentivized testnet for […]

The top three cryptocurrencies by market cap, Bitcoin, Ethereun, and XRP, entered a stagnation phase that extended for the past 24 days. The low levels of volatility could be a signal that these cryptocurrencies are due for some price action. The following technical analysis will explore where BTC, ETH, and XRP could be heading next. […]

According to data from the market intelligence platform Glassnode, most Bitcoin investors are unfazed by the volatile market and Bitcoin’s abrupt 50 percent drop in the past five-month. According to Glassnode: “[The Unspent transaction output] metrics suggest that investors are staying put despite being at a loss.  After Bitcoin’s local top in June, fewer transactions […]