Bitcoin’s price dictates BTC derivatives market and not vice-versa

The Futures market of crypto-assets has been on a rollercoaster ride in 2019. After a tremendous price rally during the April-June period, the Futures market exploded in terms of trading volume in July. BitMEX registered daily aggregated volumes of over $5 billion in July. Binance Futures platform was also launched in early September, and the […]
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Source: AMB Crypto

XRP’s price may suffer post ascending channel pattern breach

XRP was one of the most affected altcoin when the collective market went through a slump in September as its price depreciated to a yearly low of $0.2385. However, the altcoin was quick to recover and hasn’t fallen below $0.2500 despite being unable to breach $0.3000. XRP was seen surging by 1.46% over the last […]
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Source: AMB Crypto

Ethereum’s hard fork receives endorsement from ETC Cooperative Exec

The DAO hack that took place in 2016 on the Ethereum network caused commotion in the network and led to several steering towards the idea of a hard fork. Towards the end of the dispute, the Ethereum network divided into two where the forked blockchain was occupied by the Ethereum network and Ethereum Classic continued […]
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Source: AMB Crypto

TRON DApps continue to grow; climb to 611

The TRON Foundation published its weekly DApp report today, using figures and data gathered by DAppReview. The report states that the number of TRON DApps has continued to increase since last week, reaching a total of 611, with 8 new DApps making their debut. The report also suggests that the average number of active users […]
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Source: AMB Crypto

Ethereum’s Vitalik Buterin addresses FUD around Google’s ‘quantum supremacy’ claim

Ethereum Co-founder Vitalik Buterin spoke to Angie Lau of Forkast News about the status of Ethereum 2.0 development and the potential for future applications on the network. During the interview, he spoke about the substantial progress in scaling technologies — a problem Ethereum has been wrestling with for a long time. Buterin said that they’re […]
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Source: AMB Crypto

Litecoin’s brief price recovery could turn out to be fake-out

Litecoin [LTC] has seen exponential growth since the start of the year. The price however, failed to recover following Litecoin’s halving event and according to metrics, seasoned traders took profits weeks before the event and left the scene. The silver crypto has since then followed a downward route, despite a few brief bullish breakouts. Over the […]
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Source: AMB Crypto

Bahamas’ central bank to experiment with CBDCs on Abaco islands

At Counsellors Limited’s Exuma Business Outlook event on October 25, Governor of the Central Bank of The Bahamas, John Rolle, announced that it would be considering early experimentation with Project Sand Dollar, the Bahamas’ CBDC project, in the Abaco islands.  During the announcement, Rolle went on to explain that digital currencies have the power to […]
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Source: AMB Crypto

U.S Senator denounces misinformation about cryptocurrencies

On CNBC’s Squawk Box, Republican Senator Mike Rounds spoke about the state of digital payments in the United States. He proposed that the lack of information in the cryptocurrency space is driving mistrust in the community, and that new regulations should be developed to support new innovation. He added, “I think most members of the […]
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Source: AMB Crypto

Binance to support DeFi through Chainlink collaboration

On October 25, Binance officially announced that it would be supporting growth of decentralized finance (DeFi) by collaborating with Chainlink to connect the cryptocurrency data on its platform to blockchains.  In its official announcement, Binance said that while base layer development is accelerating, it is important to remember that the logic behind smart contracts is reliant […]
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Source: AMB Crypto

Bitfinex-linked Crypto Capital’s President arrested over money laundering charges

Crypto Capital, a financial services company that has conducted business with top crypto-exchanges across the world, is in the headlines again after its President, Ivan Manuel Molina Lee, was arrested by Polish officials. According to reports, Molina Lee was taken into custody by authorities after he was accused of being involved in money-laundering activities via […]
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Source: AMB Crypto

Libra needn’t be a cryptocurrency to do what it wants to do: Twitter CEO

Twitter CEO Jack Dorsey is the latest to comment on Facebook, Libra and CEO Mark Zuckerberg’s speech at Georgetown University, comments made at a recent event in New York. These comments were reported by The Hollywood Reporter, with Dorsey also addressing the role Twitter could have played in influencing the 2016 U.S Presidential elections. On […]
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Source: AMB Crypto

OKEx, Huobi onboarded as Ecosystem Partners for Kakao’s blockchain arm

Klaytn, the Kakao-led blockchain arm, has announced support of numerous global exchanges, wallets, blockchain applications and listing portals to further extend its blockchain ecosystem. Klaytn’s official blog post revealed that cryptocurrency exchanges such as OKEx, BitForex, Coinone, and Upbit Indonesia have lent their hand in partnership for the same. Klayton is a blockchain arm led […]
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Source: AMB Crypto

Bitcoin 2020 options places 4% probability on breaking ATH before maturity

The crypto-winter finally came to a close after the world’s largest virtual asset surged substantially from April to May. The price peaked at $13,800 on June 26 before corrections took over. Bitcoin continued to consolidate above the $10,000 range, before the market sentiment changed after a few significant collapses in the coin’s price. At press […]
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Source: AMB Crypto

‘Lower tier’ exchanges exhibit high trading volume

Lesser-known cryptocurrency exchanges have a high trading volume than the top platforms, according to the latest CryptoCompare research. CryptoCompare introduced a new grading system in which top tier exchanges were categorized as AA or B and lower-tier exchanges were graded from C to F. The research stated: “Exchanges with grades AA 3.0% (14.87 billion USD) […]
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Source: AMB Crypto

Bitcoin derivatives takes a hit as exchanges register decreasing trading volume

The last three months have been disappointing for the Bitcoin derivatives market. Bitcoin‘s valuation peaked on 26th June, which marked the last week of Bitcoin’s bull run this year. Market sentiment was still bullish the following month after the April-June phase left a sense of optimism for another surge. This major surge failed to take […]
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Source: AMB Crypto