The only thing that has been surging with regard to Litecoin is the FUD around the implementation of MimbleWimble. The price of the altcoin, on the other hand, seems to be moving mostly sideways, with brief upward and downward surges. At the time of writing, the coin was trading at $45.17, recording a 0.31% priceContinue reading “Litecoin’s current movement might send it to the oversold zone”

The price of Litecoin, the sixth largest coin by market cap, has been depreciating since June 2019. Despite exhibiting some signs of recovery in November by hitting $64, the coin plummeted again and started moving sideways. At the time of writing, the coin was trading at a low of $46, recording a drop of 1.24Continue reading “Litecoin’s inert price might surge post-ascending triangle pattern breach”

After hitting a yearly high of $0.091, the price of the 12th largest cryptocurrency, Cardano [ADA], has been going downhill. ADA has been trading at around $0.043 for a while now and the short-term chart for ADA revealed that this trend might continue as it indicated a bearish sentiment. At the time of writing, CardanoContinue reading “Cardano may hit yearly low if it breaches major support line”

Back in September, Malta-based cryptocurrency exchange Binance stepped into the United States market again, with the launch of Binance.US, a platform led by Catherine Coley. During a recent Ask Me Anything [AMA] session, the CEO of Binance’s U.S-exclusive arm, Catherine Coley, elaborated on the developments in the Binance.US ecosystem, while tending to queries posted byContinue reading “Binance.US looking into interest in crypto-to-crypto trading pairs: CEO Coley”

Several countries have expressed their interest in cryptocurrencies and Paraguay seems to be the latest country to join the list after it sought information pertaining to cryptocurrencies, as well as blockchain technology, from Gresham International, a cryptocurrency law firm. According to reports, immediately following the same, the firm presented a proposal to work with theContinue reading “Paraguay is planning to introduce new crypto-legislation: Report”

Dragonfly Research’s Ivan Bogatyy recently published a blog post expanding on how he ‘broke’ MimbleWimble. The researcher elaborated on how he used merely $60 every week of AWS spend [Amazon cloud computing platform] to present the addresses of the senders, as well as the receivers, for about 96 percent of Grin real-time transactions. He wrote,Continue reading “Litecoin’s Charlie Lee, Grin developers respond to attack on MimbleWimble”

Last month, the Maker Foundation announced the launch of a Multi-Collateral Dai [MCD], a launch scheduled to take place on 18 November. Just last week, the Foundation revealed that the votes ratifying the collection of system parameters that were required to activate Multi-Collateral Dai were in. Holders of the Maker token [MKR] went on toContinue reading “Andreessen Horowitz votes in favor of Multi-Collateral DAI”

The Ethereum community is preparing for several developments on the network, including the Istanbul hardfork in December and Ethereum 2.0. However, despite news of such developments, not a lot of impact has been made on the altcoin’s price. In the month of June, ETH was trading at a high of $336.34, soon after which theContinue reading “Ethereum’s price could recover after formation of falling wedge pattern”

Over the last few months, South America’s Venezuela has been recording hyperinflation, with the government seeking some respite by the way of cryptocurrencies. While most countries across the globe view cryptocurrencies as a medium that paves the way for illegal activities, Venezuela has been extremely bullish towards cryptocurrencies. In fact, the country went on toContinue reading “Venezuela to use Petro to give retirees, pensioners Christmas bonuses”

The XRP community has been longing for the price of the altcoin to go above $0.3000. The price of XRP did hit $0.3000 twice since the end of October, however, it was for a brief period as the price dipped back to $0.2658, at the time of writing. Despite the drop, XRP witnessed a 1.08%Continue reading “XRP’s price may witness surge post descending channel breach”

With the Istanbul hardfork expected to roll out by 4 December, developers of the Ethereum community have been releasing several upgrades in its ecosystem. The testnets before the execution of the Istanbul hardfork have been activated with Rinkeby testnet being the latest one. While the community is gearing up for the Kovan testnet scheduled forContinue reading “Ethereum’s Harmony will not support upcoming Istanbul hardfork”

The regulatory climate in the cryptocurrency industry seems to be getting worse by the day. Several project proposals have been shown the door over the past year, with Facebook’s crypto-project, Libra, getting special attention from regulators worldwide. Apart from Libra, proposals for a Bitcoin Exchange Traded Fund [ETF] have also made headlines, mostly due toContinue reading “Bitcoin ETF’s roll-out will precede Libra’s launch: Abra CEO”