IEO Frauds are Waiting to Happen

The week began on a very negative note for the cryptocurrency industry. Matic, one of the first tokens issued via Binance Launchpad, witnessed one of the harshest crypto crashes. It plunged by up to 70 percent within a matter of two hours. The wild downswing led social media to scream price manipulation, with noted market…

I Am an anti-FUD Bitcoin Op-Ed Piece

Bitcoin is back in the news again. This time, due to all the bad reasons. The benchmark cryptocurrency earlier this month slipped by up to 38 percent from its local peak of $10,540, according to data provided by CoinStats’ cryptocurrency portfolio management app. Meanwhile, it remained stuck in a much larger downtrend after establishing $14,000…

5 Factors that Affect Bitcoin Price – Analysis

Since its inception in 2009, Bitcoin has emerged as one of the most popular cryptocurrencies owing to its peer-to-peer payment features. People started exploring it to settle payments cheaply and faster without needing a bank. Meanwhile, a large section of bitcoin users also unearthed immense investment opportunities in it, leading to the birth of the…

These Five Dapps Attracted Maximum Users in October 2019

When bitcoin made the world reassess the definition of currency, it presented all a sneak-peek into the future that would run on decentralized applications – or dapps. Educational utopians see dapps as tools to make everything you see on the internet distributed. Say, if a bank is an application governed by a central authority, bitcoin…

Bitcoin: Is it Tulip Mania or the ​Internet?

Players in the financial and technology sector have different opinions about bitcoin. For skeptics, the cryptocurrency is reminiscent of Holland’s notorious Tulip bubble of 1637. They generated a wild, speculative mania and disappeared, leaving behind pretty flowers and wrecked investors. Meanwhile, for supporters, bitcoin is the internet: a symbol of decentralization that reached its full…

Study: Why Bakkt Didn’t Push Bitcoin Prices Up?

It has been more than a week since the high-profile launch, but Bakkt’s trading volume remains underwhelming with only 16 BTC as of this time of writing. Meanwhile, the spot rate of bitcoin has plunged massively, rising fears that Bakkt hype has not done well to the crypturrency. Bakkt An Underperforming Horse? Against all the…

Nikkei Report Exposes PBoC’s Fear of Bitcoin

Bitcoin is giving the People’s Bank of China sleepless nights, according to a new report by the Nikkei Asian Review. The media coverage highlights how people in China have shown a middle-finger to the capital control measures imposed by their central bank and government. They are purchasing bitcoins en masse and using them in offshore…

CoinStats Insights Predicted the Recent Bitcoin Pump

CoinStats Insights, an analytical tool integrated within the CoinStats cryptocurrency portfolio management app, was correct in predicting today’s bitcoin pump. One of the tool’s features, which catalogues a cryptocurrency’s buying and selling sentiment, noted a spike in buyer’s interest in the bitcoin market at around 08:00 UTC. At close to 59 percent, the bullish bias…