Bitcoin hinges on breakout of a symmetrical triangle: A dip to $8,500 or surge above $13,800?

Bitcoin’s price witnessed a major drop of 14% after breaching supports in over 5 days. However, the major breach in support occurred on August 13, when the price breached $11,229. The price has since collapsed by 8% and is currently at $10,459, further indicating a bearish trend in upcoming days. Shorter Time Frame Bitcoin has […]
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Source: AMB Crypto

Bitcoin witnesses ‘macro-convergence’ as capital from China flows out of Yuan and into ‘financial haven asset’

The Chinese Yuan has crossed ‘7’ for the first time in over a decade causing massive economic unrest on a global scale, causing stock markets and other assets to tumble. It has coincidentally caused the price of Gold, Bitcoin, and other stores of values to surge. A Mere Coincidence? The Federal interest rate cut, the […]
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Source: AMB Crypto

Tether and Bitfinex: In defense of a stablecoin on unstable grounds

Disclaimer: This is article expresses an unpopular opinion on a popular topic Civilizations throughout time have believed in a higher power. To some, that higher power is ‘God’, to others it is a mystery man, a group, ‘Illuminati’, operating from the shadows, with enough pull to control our every move, and perhaps, the world. The […]
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Source: AMB Crypto

Tether’s integration with Liquid Network opens a floodgate of opportunities for arbitrage trading

Tether and Bitfinex have consistently been the hot-topic of 2019. From unravelings in the NYAG lawsuit to developments that impact the far ends of the crypto ecosystem. Tether’s integration with Liquid Network is one such important development that has allowed it to stay in the cryptocurrency chasm and perhaps leave its mark in the years […]
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Source: AMB Crypto

Tron falls by 11.44% in under 4 hours after Justin Sun’s ‘kidney stones’ announcement

Tron, the tenth-largest cryptocurrency on CoinMarketCap, has been on an uptrend recently. Rather, it had been, until the power lunch debacle. This morning, Tron’s official Twitter handle announced that Justin Sun’s lunch with investment mogul Warren Buffett was postponed owing to health issues. More specifically, due to kidney stones. TRON Foundation announces postponement of Warren […]
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Source: AMB Crypto

The Crypto and Libra world should get over the idea that U.S. Dollar is a stable currency, says George Gilder

Former director of U.S. Mint, Ed Moy, and American investor and economist, George Gilder, debated the nature of sound money and how Bitcoin and other cryptocurrencies, including Facebook’s Libra, compare to it. Bitcoin revolution troubled the U.S. lawmakers and the regulators when a lot of people started noticing it and the scams revolving it peaked. […]
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Source: AMB Crypto

Bitcoin tries to take away monetary monopoly from govt says former director of U.S. mint

The 38th director of the U.S. Mint, Ed Moy spoke about Bitcoin with Naomi Brockwell, the inherent decentralization that it brings to the table, along with other advantages. Ed Moy, well-known supporter crypto, said that Bitcoin and other cryptocurrencies will take away the monopoly government has over money, which has caused them to be reluctant […]
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Source: AMB Crypto

Altcoins get much-needed respite after Bitcoin surges by 12% in an hour

Bitcoin broke out of a rising wedge yesterday at 11:00 UTC, contributing to the price falling from $9,800 to $9,300. The bears had the matter under control until the king coin’s price started pumping again. Subsequently, Bitcoin’s price pumped by a whopping 12% in an hour i.e ~$1,400 pump in an hour. The 12% price […]
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Source: AMB Crypto

Ethereum whale linked to flash crash on Bitstamp resurfaces with a massive buy order

An Ethereum whale is speculated to have caused a market crash on July 14, with a sell order of approximately 15,000 ETH pulling the price of Ethereum down from $290 to $190. This crash is understood to have bled over to Bitcoin, contributing to the king coin’s price slumping from $10,800 to $9,100, a massive […]
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Source: AMB Crypto

Ripple’s Asheesh Birla requests SEC’s Hester Peirce for a timeline on bringing clarity to crypto-regulations

Cryptocurrency regulations in the U.S. have been nothing but tough for both the SEC and the companies working on cryptocurrencies. Companies like Ripple, whose products involve the usage of cryptocurrencies, have regularly faced setbacks in terms of innovation due to a lack of regulatory clarity. At the Fortune Brainstorm tech event, Ripple’s Asheesh Birla asked […]
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Source: AMB Crypto

Facebook’s Libra is the ‘money to go along with the internet’ and it ‘excites me,’ says SEC’s Hester Peirce

Hester Peirce aka Crypto Mom, spoke at Fortune’s Brainstorm tech event recently, explaining her views about regulations for cryptocurrencies and the approach taken by her peers at the SEC. The SEC Commissioner also opined on the hot topic at the moment, Facebook’s Libra. Peirce stated that the SEC is trying its best by visiting places, […]
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Source: AMB Crypto

Is Lightning Network’s ‘Justice’ stern enough for thefts that occur on Bitcoin’s 2nd layer solution?

Lightning Network, is so far, the best second layer solution that Bitcoin has witnessed in a very long time. BitMEX Research’s third article on LN dives deep into the punishment system for premature and non-informed closure of nodes. As seen in the image below, there are four ways a Lightning Network node will face closure. […]
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Source: AMB Crypto

Bitcoin CME Futures create an $800 gap over the weekend; Next stop – Lower lows?

Bitcoin CME Futures have witnessed an $800 gap followed by another $1,000 dip after opening on Sunday. The total gap of $1,800 [-15.51%] was created over the weekend causing Bitcoin CME futures to reach $9,915 from $11,990. The Gap These gaps play an important role in predicting spot price movements as each of these gaps […]
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Source: AMB Crypto

Binance Coin tipping made available on Binance’s 2nd anniversary by CoinKit

Binance is officially two years old and is one of the most successful crypto exchange in the world with over 40 million visits every month. In lieu of Binance’s 2nd anniversary, CoinKit announced that it has integrated Binance Coin for tipping on their platform. To celebrate the 2 year anniversary of Binance, we have decided […]
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Source: AMB Crypto

France shares President Trump’s apprehension about Facebook’s Libra

A source in France’s Finance ministry has disclosed that France would take the same stance as made clear by President Trump’s tweets earlier today, reported Financial Times. More specifically, the ministry shares the idea that allowing a private company to set up the equivalent of a national currency was a red line that cannot be […]
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Source: AMB Crypto