Starting this April purchases using Visa and Mastercard may get costlier (Source: Reuters). Change in fee structure will largely affect merchant banks (like Citigroup, JPMorgan etc) who maintain accounts for U.S. retailers. However, it is up to these merchant banks if they want to absorb it themselves or pass on...
Last week, we saw an upward move in BTC price breaking the $3,500 resistance levels to give a new yearly high at $3,710. A break just above the 50% Fib retracement level from the previous wave low at $3,350. Majority of the cryptocurrencies experienced a double-digit gain, however, Stellar remained...
After Mizuho Financial Group of Japan, now JP Morgan launches its own Cryptocurrency ‘JPM Coin’. “We have always believed in the potential of blockchain technology and we are supportive of cryptocurrencies as long as they are properly controlled and regulated.” – Umar Farooq, JP Morgan’s head of Digital Treasury Services...
2018 was the first momentum year for dApps usage. At the beginning of 2018, DEX was the key contributor in the dApp market by transaction volume. Cryptocurrency in high demand proved decentralized exchange as one successful use case for dApps. However, in the latter part of 2018, Gambling apps dominated...
In the centralized traditional banking system, transferring money is time-consuming, requires intermediaries which takes a service fee and subject to heavy regulation for the prevention of fraud. Bitcoin removes middlemen while increasing security and many hope one day Bitcoin fits in our existing financial system. It can process transactions in...
BTC Support level: Last week on Friday, we saw an upward move in BTC price breaking the $3,500 resistance levels to give a new yearly high at $3,710. A break just above the 50% Fib retracement level from the previous wave low at $3,350. At the moment, the $3,585 level...
New York-based research company Fundstrat Global Advisors released its 2019 cryptocurrency growth outlook on Friday, Feb. 8. The report conclusions were tweeted by Tom Lee, Fundstrat’s co-founder and, pro-crypto Wall Street analyst. In his tweet he posted an introduction to the study and a summary of key evaluation factors. “We...
Currently, ETH has 50 Million+ registered wallets, followed by Tron and EOS which have approx 1 Million+ each registered wallets. Most of these ETH wallets are for the store of value. Very few users proportionally have experienced the dApps built in these platforms. Today total 2000 dApps exist which has...
Yesterday we saw a downside reaction in ETH price below the previous support level of 105$. Based on the hourly chart analysis, the RSI is nearing towards the over-bought range and may trigger a short term sell-off near the range of 105$. From the daily RSI level, ETH is nearing...
Bitcoin network valuation compared to last week, Top 100 richest Bitcoin wallets continue to increase their holdings approx. 140+Million$ price worth of Bitcoin added since last week. 0.44% growth in active wallets. Better compared to last week stats, still not a clear indicator of trend reversal anytime soon. The 90-day...
