Anyhedge to Launch Blockchain-Enforced Synthetic Derivatives for Bitcoin Cash

Developers from the organization General Protocols have announced the launch of a synthetic derivatives platform built on Bitcoin Cash. The project Anyhedge aims to be the first decentralized finance (defi) protocol on any branch of Bitcoin and the platform will launch in cooperation with Cryptophyl’s new non-custodial exchange, Detoken. Also read: Film Reels and Steel: Github Plans to Archive Bitcoin Code for 1,000 Years Decentralized Finance on Bitcoin Cash Bitcoin Cash fans were recently introduced to a decentralized hedge solution against arbitrary assets on the BCH network. Similar to other…

Huobi Charity Joins Rally with Blockchain Community in Global Fight Against COVID-19

The charitable arm of Huobi Group (turnover exceeds US $3 trillion), Huobi Charity has joined Binance and other large cryptocurrency and blockchain companies in helping the global community fight COVID-19. Huobi will be making monetary contributions, donating medical supplies, and leveraging blockchain technology to aid healthcare organizations, hospitals, and front-line healthcare workers around the world. “This pandemic is a global crisis that knows no borders. It affects everyone in every corner of the world, regardless of industry, socioeconomic status, or nationality,” said Ciara Sun, VP of Global Business at Huobi Group.…

Why should your ICO marketing strategy be compelling and how to attain that?

For starters, let’s see what an ICO is! ICO- Initial Coin Offering, is a fundraising method, where investors are issued with coins/tokens, which they sell to raise capital for their start-ups! ICOs are currently widely booming among potential investors and are the most preferred fundraising mechanisms. This is because ICOs are unregulated and also companies do not have to payback anything with what they raise from selling their ICOs. There are also many other advantages involved with an ICO, which makes it more credible among investors. Let’s take a look…

Tiger King’s Archnemesis Big Cat Rescue Accepts Bitcoin

The number one show on Netflix in the U.S. right now is a television series called “Tiger King: Murder, Mayhem and Madness,” and American audiences are eating it up like candy. While the docuseries costar Joseph Maldonado, aka “Joe Exotic,” spends 22 years behind bars, costar Carole Baskin is still the owner of the Big Cat Rescue sanctuary. In fact, the controversial Baskin and her Tampa-based zoo, Big Cat Rescue, accept cryptocurrencies for donations. People can donate digital currencies like BTC, BCH, and ETH to help prevent the trend of…

What Do Analysts Think Comes Next?

Over the past hour, Bitcoin has continued to rip higher, adding to the 8% in gains registered on April Fool’s Day. As of the time of writing this article, the cryptocurrency trades for $6,875, the highest price since March 27th. The recent rally allowed Bitcoin to register its highest four-hour candle close since March 12th, boding well for the sentiment that the crypto market is in the midst of a recovery to pre-crash levels. Related Reading: This Key Metric Suggests the Crypto Market’s Downturn Will Be Shortlived As BTC has…

Bitcoin Leaps to Retest $7,000 But Risks a Major Bull Trap: Here’s Why

Bitcoin prices jumped overnight to retest $7,000 but risked falling into a bull trap as no sound catalyst justified its pump. The benchmark cryptocurrency rose 9.67 percent in just four hours to $6,767 per token midnight Thursday. The move uphill injected about $7 billion into the bitcoin’s market cap, which topped near $121.97 billion ahead of the European morning session. Later into the day, the price pulled back by up to 2.3 percent. BTCUSD heads above $6,500-resistance to test $7,000 as its next upside target | Source: TradingView.com, Coinbase The…

Bitcoin Forming Another Bullish Breakout Pattern and It Could Rally To $7.2K

Bitcoin is up more than 4% and it broke the key $6,500 resistance area against the US Dollar. BTC price is forming a solid bullish trend and it could soon rally towards $7,000 or $7,200. Bitcoin started a fresh increase after testing the $6,200 support area against the US Dollar. The price is up close to 5% and it surpassed the $6,500 and $6,600 resistance levels. There is a short term contracting triangle forming with resistance near $6,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).…

Ripple (XRP) Signaling Fresh Surge Similar to Bitcoin and Ethereum

Ripple is rising steadily from the $0.1680 support area against the US Dollar. XRP price is likely to rally 3%-4%, similar to the recent move in bitcoin and Ethereum. Ripple price is slowly gaining bullish momentum above the $0.1720 level against the US dollar. The bulls are likely aiming an upside break above the $0.1780 and $0.1800 resistance levels. There is a key bearish trend line forming with resistance near $0.1760 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could dip a few points,…

Ethereum Just Broke $135 and Primed To Test $150: Here’s Why

Ethereum is trading with a bullish angle and it recently surpassed the $135 resistance against the US Dollar. ETH price is likely to continue higher towards $145 and $150. Ethereum is up more than 3% and it broke the main $135 resistance against the US Dollar. The price is now trading in a bullish zone and it could continue higher towards $145 or $150. There is a key bullish trend line forming with support near $131 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin also gained traction…

Bitcoin Rips to $6,750 In Move Reminiscent of Last Year’s 25% April Fool’s Rally

Since NewsBTC’s last market update, Bitcoin has continued to rip higher, recently hitting $6,750. With this, the cryptocurrency is up nearly 9% from the daily lows around $6,200, and up over 16% from the weekend lows at $5,800. Although not on the same magnitude, many have likened Bitcoin’s recent price action to the 25% surge seen on April Fool’s and April 2nd last year, which was a move that kickstarted a rally from the $4,000s to $14,000 by mid-June. Analysts believe that the cryptocurrency could continue higher. Could Bitcoin Continue…