Litecoin has been trading close to its support point and despite minor surges, the silver crypto failed to post impressive rallies after August this year. Litecoin has been trading at $46.09 after posting 0.21% gains over the last 24-hours. At press time, the coin recorded a market cap of $2.94 billion and  24-hour trading volumeContinue reading “Litecoin could profit from descending channel pattern breakout”

Despite the current upside momentum exhibited by the cryptocurrency market, XRP was trading below its crucial $0.23 resistance point and has been tagging slightly above the $0.21 support area. At press time, XRP was trading at $0.22 after posting minor gains of 1.96%. XRP’s 1-Hour Chart: XRP’s hourly chart exhibited the formation of a risingContinue reading “XRP may face further losses after closure of falling wedge”

Despite signs of recovery at the beginning of the month, Cardano has been trading at a yearly low due to renewed downward pressure. As ADA closely trades near its support, chances of the much-needed rally appeared faint. At press time, the coin was trading at $0.036 after a decline of 1.33% over the last 24-hours.Continue reading “Cardano headed for another downward spiral after descending triangle closure”

XRP went on a downtrend along with other top coins last weekend. The coin showed signs of recovery following the dip and surged by 1.48% against the US Dollar over the past 24-hours and was trading at $0.232, at press time. According to data from CoinMarketCap, the coin registered a market cap of $10.06 billionContinue reading “XRP poised for gains as parallel channel takes shape”

Litecoin broke the psychological support level of $50 after the collective cryptocurrency market dip that led to the top coins losing massive value. The silver crypto was trading at $47.67 after a minor surge of 0.11% over the past 24-hours as it struggled to emerge out of the bearish market and registered a market capitalizationContinue reading “Litecoin poised for positive breakout with falling wedge”

Canadian crypto-exchange CoinField’s top project, Sologenic, aims to merge traditional financial markets and crypto on XRP Ledger to create a massive combined volume to stir adoption in the crypto-space. Since its announcement in October at the Malta AI and Blockchain Summit, the project has garnered significant traction among the XRP community. As part of itsContinue reading “XRP offers stronger tech than Ethereum: CoinField CEO”

The world’s top stablecoin by market cap, Tether has been engulfed in controversies for a long time now, especially with respect to Bitcoin’s price skyrocketing during the 2017 bull run. An original paper alleging the same was updated this year, to which Tether responded by denying the allegations and calling the “one lone whale mayContinue reading “Tether’s influence on Bitcoin’s price was highest during bear market: Report”

Right after pulling out of Facebook’s proposed crypto-project, Libra, Visa is building a blockchain system dubbed LucidiTEE in a bid to tackle growing concerns related to misuse of sensitive user data, when shared with third-parties. The official release published by the company’s research and development arm stated, “We seek a system that provides transparency andContinue reading “Visa’s R&D wing reveals new blockchain system dubbed ‘LucidiTEE’”

2018 was touted as the year of stablecoins. In 2019, despite being flagged as ‘risk’ to the existing financial system by the US Feds, stablecoins continued to evolve at a rapid pace. While most of the latest negative commentaries were directed towards Facebook’s proposed Libra global coin, industry players were positive about the future ofContinue reading “Stablecoins see increase in on-chain volume and transactions this year”

Demand for cryptocurrency has soared in protest-fuelled streets of Hong Kong. The organizers of the protests saw themselves monitored after Chinese servers attacked social networking site Telegram. Cryptocurrencies have now become the pressing point in the ongoing intense civil unrest. In a bid to track the location of police and anti-government protesters, an app calledContinue reading “China’s digital Yuan could be surveillance tool for govt: HK protest app’s admin”

XRP’s blockchain witnessed a sudden surge in its network metrics. The publicly available XRP ledger exhibited a steep rise in the daily number of payments over time. On 2nd November, XRP recorded 751,948 number of payments. This graph included only those payments that were sent to a different destination account. Analyzing data from XRP Ledger,Continue reading “XRP exhibits steep rise in fundamental network metrics”

Republican Congressman Ted Budd called XRP “actual crypto” during one of Mark Zuckerberg’s testy congressional hearing on Libra global coin. Ripple has been a staunch supporter of regulations in the space and has been an important entity that sort of acted as a  conciliator between the cryptocurrency industry and the lawmakers. The firm’s move toContinue reading “Ripple is shaping narratives of many hearings: Manager of Govt Relations”