The past month could not have been better for Ether, the second-largest cryptocurrency, which had managed to bank a staggering 80% return. The price broke above $400 and topped close to $450, before starting to correct lower, reaching levels not seen since July 2019. With such an impressive bullish momentum
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The first half of the week had not come with the same impressive gains and instead, the cryptocurrency market had erased some of the ground gained, losing approximately $20 billion in market capitalization on August 11th alone. There were no major catalyzers behind the bearish move, which means it was
The popular hardware wallet provider Ledger had recently announced that it had been subject to a data breach in June and July, which had exposed the marketing and e-commerce database the company used for sending promotional emails. Based on the latest headlines, cryptocurrency funds stores in wallets are safe, as
Continuous dollar weakness is acting as a tailwind for cryptocurrency valuations starting the new week, with most of the large-cap tokens in green territory. After consolidating around $270B, the global market cap of cryptocurrencies is on the rise again and surpassed $300 billion, as the global reserve currency continues to
Following the March dip, the global cryptocurrency market had managed to rebound, but despite that, the broader picture is still not encouraging. The market as a whole continues to stand below the February highs, even though in the meantime we’ve had altcoins like Chainlink outperforming by a wide margin. There
Even though the main focus is still on Bitcoin, there are some other altcoins that managed to post massive gains. Chainlink is one of the best-performing cryptocurrencies in 2020 after surging from $1.8 in January to approximately $8.10 at the time of writing. Cryptocurrencies were briefly under pressure on rising
The past few months had been beneficial for Ethereum’s decentralized finance ecosystem, with over $1.5 billion locked in DeFi applications. Apps like Compound, Maker, or Synthetix are trending right now, but a recent even exposes vulnerabilities, which might turn into a setback for a trend that had supported Ether in
Following a promising start of the week, most cryptocurrencies resumed the downside impulsively, as the fears surrounding the COVID-19 pandemic are rising once again. The reopening of economies all around the world is facilitating the spread of the virus and the total number of discovered cases is close to 10
The Ethereum blockchain is poised for another series of updates, following Constantinople and St. Petersburg, and this time it is the massive Ethereum 2.0 update that will take the spotlight. The first stage of this new phase is almost here, but since the changes are significant, numerous consequences will arise
On June 10th, the US Federal Reserve ended its two-day meeting, and several announcements released last night had been bursting cryptocurrency valuations higher. Following the fake breakout above $10,000 Bitcoin continues to be heading north while the rest of the altcoins had also been consolidating at higher levels, communicating there
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