MakerDAO Voters Divided on How Much to Hike Fee for DAI Stablecoin

MakerDAO Voters Divided on How Much to Hike Fee for DAI Stablecoin

Token holders for the programmatic loan system MakerDAO have once again signaled support for raising fees through a now-weekly online poll. Starting tomorrow, the winning proposal from this poll will enter into a secondary round of voting call the “executive vote” whereby MKR token holders ratify the fee increase and formally activate it within the system. These […]

Bakkt Exchange May Be Seeking New York License for Crypto Custody: Report

Bakkt Exchange May Be Seeking New York License for Crypto Custody: Report

The owner of the New York Stock Exchange, Intercontinental Exchange (ICE), is reportedly eyeing a New York license for its long-delayed crypto exchange Bakkt. With Bakkt’s launch having been held up for five months, apparently over persuading the Commodity Futures Trading Commission (CFTC) to approve it to custody bitcoin for its planned physically-delivered futures contracts, ICE apparently sees a license […]

Bitcoin May Have Already Hit Bottom, According to Mayer Multiple Indicator

Bitcoin May Have Already Hit Bottom, According to Mayer Multiple Indicator

The Mayer Multiple indicator has successfully predicted the past two Bitcoin bear market bottoms. As the market begins to regain its footing, the indicator has begun to paint a similar picture. Developed by Trace Mayer, the Mayer Multiple (MM) indicator is a value found by taking the current price of Bitcoin (BTC) divided by the 200-day moving […]

‘Flash Boys’ Trading Bots Are Running Wild on Crypto Exchanges

‘Flash Boys’ Trading Bots Are Running Wild on Crypto Exchanges

“Flash Boys”-like trading manipulation is rampant on certain cryptocurrency exchanges, according to a paperfrom researchers at Cornell Tech and several other universities. Special arbitrage bots are anticipating and profiting from ordinary users’ trades on decentralized exchanges, which let them trade more directly, the authors said in a report released last week. The firms that deploy the […]

CoinMarketCap Launches Crypto Data Apps With Added Features

CoinMarketCap Launches Crypto Data Apps With Added Features

Cryptocurrency data provider CoinMarketCap has launched its first Android app and revamped its Apple iOS product. Notably, the apps offer features not yet available on CoinMarketCap’s website, including portfolio tracking, candlestick charts and side-by-side cryptocurrency comparisons, as well as price alerts and user accounts, the data provider announced Tuesday. “We believe that our users will […]

Bitcoin Price above $3,000 is Good News for Bulls: Analyst

Bitcoin Price above $3,000 is Good News for Bulls: Analyst

Bitcoin price above $3,000 is good news for bulls, according to Crypto Michael. The full-time trader and cryptocurrency commentator said bitcoin scaling between $3,000 and $5,000 was bullish, adding that a drop below $3,000 would result in an equally strong bullish makeover. “The future perspectives of BTC are brilliant, and we’ll laugh about $5,000 in some […]

Bitcoin (BTC) Analysts Split but Indicators Pointing at “Buy”

Bitcoin (BTC) Analysts Split but Indicators Pointing at “Buy”

Bitcoin Price Analysis Fundamentals In a space brimming with FUD, scares, and hype, traders ought to be pragmatic and level-headed to avoid liquidating an undervalued asset at a discount. First, we should note that Bitcoin prices reached highs of $5,500 a few hours after news of NDRC proposing of banning Bitcoin and crypto mining activities. […]

Analyst: Despite Today’s Drop, Bitcoin (BTC) Not Likely to Retrace To 4,000

Analyst: Despite Today’s Drop, Bitcoin (BTC) Not Likely to Retrace To 4,000

Following Bitcoin’s overwhelmingly positive price action over the past couple of weeks, the cryptocurrency has finally hit a strong level of resistance that sent it spiraling downwards. Now, BTC is beginning to establish fresh levels of support and resistance, which may lead to the formation of a fresh trading range. Although today’s drop has allowed […]