News

Over the last week, the entire cryptocurrency market suffered a significant downturn. But, as prices went down, it seems like demand is now picking up and altcoins are starting to rebound. The following technical analysis assesses whether Ethereum, XRP, and Litecoin are bound for a bullish impulse. Ethereum (ETH) After consolidating for 22 days within […]

Almost 200 cryptocurrency exchanges and token issuing platforms have been shut down. According to the People’s Bank of China’s (PBoC) financial report, the country will continue to crack down on “unlicensed payment” businesses, which include online lending institutions and other financial companies operating on the internet. Chinese crypto exchanges exit the market “without risk” after […]

An IOTA (MIOTA) developer successfully implemented the IOTA as a payment system that can be used in any game or app. The system works seamlessly across all platforms, including iOS, Android, Windows, WebAbb, Xbox, and Playstation 4. A new way to utilize IOTA as a payment system A promising and ambitious blockchain project, IOTA has […]

According to Dovey Wan, a founding partner at Primitive Ventures, a local TV station in Shanghai reported that the “office” of Binance in Shanghai was a call center operated by Babi Finance. ??? thanks @DoveyWan — CZ Binance (@cz_binance) November 25, 2019 Wan said that Babi Finance is an investment made by Binance, which outsourced […]

More than $56 billion have been wiped off the cryptocurrency market cap in the last week. The massive sell-off took Bitcoin below $7,000 signaling a further decline. Despite the recent downturn, several technical indicators are now warning that BTC could bounce off current levels. The following technical analysis evaluates whether Bitcoin is bound for a […]

CryptoSlate recently had the opportunity to chat with Celsius Network CEO Alex Mashinsky. Mashinsky is a serial entrepreneur and founder of seven NYC based startups, having raised over $1 billion and exiting over $3 billion. Celsius was recently in the news for having surpassed more than $4 billion in crypto loans — a 93 percent […]

The price of XRP, EOS, Cardano (ADA), and other major cryptocurrencies have dropped by more than eight percent on the day, causing the total crypto market cap to fall by 27 percent in merely two months. In late October, the total market cap of cryptocurrencies was hovering at $255 billion, as XRP, EOS, ADA, and […]

A fresh class action lawsuit has been filed against Bitfinex and its sister company Tether Limited, the company behind the controversial but market-leading USD-pegged stablecoin, USDT. Tether has issued a response categorically rejecting wrongdoing and has dismissed the latest complaint as “absurd and groundless.” An impassioned post on the Tether blog Monday claimed the two […]

According to IntoTheBlock, 99.99 percent of Ethereum addresses are at a loss or break-even after ETH’s weeks-long decline, a rally that has seen the second-largest cryptocurrency by market capitalization shed more than 23 percent in USD terms since the start of the month. While the crypto market has in recent weeks seen red across the […]

Much to the chagrin of Bitcoin’s bulls, the cryptocurrency has remained in a firm downtrend over the past several weeks, which has now resulted in BTC pushing up against its key near-term support level, with a break below this price opening the gates to significantly further losses. Interestingly, one prominent crypto-focused analyst is now noting […]