High-profile crypto analyst and trader Benjamin Cowen is discussing what a relief rally could look like for Bitcoin. In a new update, Cowen says that if Bitcoin rallies in the coming period, it could bounce off the 50-week simple moving average (SMA). Reflecting on historical price action, Cowen reasons that a bounce from the current …
Monthly archives: July 2021
Treasury Secretary Yellen To Meet With Top Regulators To Discuss Risks and Benefits of Stablecoins
US Treasury Secretary Janet Yellen will be meeting with the President’s Working Group on Financial Markets (PWG) to discuss regulations on stablecoins. According to an announcement from the US Treasury Department, Yellen and the PWG will be joined by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) …
Here’s how altcoin futures volumes and the USD lending rate signal market crashes
Every once in a while, a new indicator pops out that can be used to detect price tops and bottoms in the market. This assertion is even more evident in cryptocurrencies because the data comes from exchanges and on-chain data extracted from the blockchain. These indicators are constantly monitored and commented on by analysts and …
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French government pushes for one agency to regulate crypto across the EU
The government of France has proposed that the European Securities and Market Authority, or ESMA, should regulate digital currency activity across the European Union. If enacted, this would establish a single authority over the crypto sector across the trading bloc and would create uniform regulations across the union through ESMA, as suggested by the French …
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US lawmakers don’t want Olympic athletes to use digital yuan at 2022 games
Three United States senators have signed a letter urging Olympic officials to forbid American athletes from using the digital yuan during the 2022 Beijing Winter Games. In a Monday letter to U.S. Olympic and Paralympic Committee board chair Susanne Lyons, Republican senators Marsha Blackburn, Roger Wicker and Cynthia Lummis requested officials prevent U.S. athletes from …
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3 reasons why Bitcoin Standard Hashrate (BTCST) price rallied by 50%
China’s ongoing crackdown on Bitcoin (BTC) mining resulted in a mass relocation of mining operations out of the country and it has led to a more than fifty percent drawdown in the Bitcoin network hashrate from an all-time high of 197.9 exahash per second (ehash/s) on April 15 to its current rate at 97 ehash/s. …
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Why this fund manager expects a major pullback in stocks and Bitcoin soon
Why this fund manager expects a major pullback in stocks and Bitcoin soon Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin › Analysis Economic uncertainty is high as David Tice reminds us that money printing has consequences. Samuel Wan · July 19, 2021 …
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No shilling Dogecoin or Shiba Inu? How TikTok’s crypto ban helps the space
Celebrities shilling meme coins like Dogecoin, Shiba Inu, and Baby Doge Coin became a recurring theme throughout 2020 as the crypto markets rose. It initially came off as a real surprise to many—considering one of the biggest DOGE cheerleaders was Elon Musk, the world’s richest man, himself—but that sentiment slowly grew to disdain. The likes …
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Grayscale Investments Launches Defi Fund — Now Offers 15 Crypto Investment Products
Grayscale Investments has launched a decentralized finance (defi) fund. The new defi fund is the crypto asset manager’s 15th investment product and its second diversified product. “The emergence of decentralized finance protocols provide clear examples of technologies that can redefine the future of the financial services industry,” said the Grayscale CEO. Grayscale Debuts Decentralized Finance …
Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors
Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the …
As the Stock Market Dives Report Shows ‘US Households Now Have Record High Exposure to Stocks’
While inflation has kicked up in the U.S., following the massive stimulus issued by the Federal Reserve, investor and financial writer Lyn Alden Schwartzer published a report that shows “U.S. households now have record high exposure to stocks.” The news comes at a time when many analysts and economists believe equities markets are in a …
Despite Negative Press, Binance Is Still the World’s Largest Crypto Spot and Derivatives Exchange
While Binance has had a few issues with payment service providers and regulators from a few countries, the centralized cryptocurrency exchange is still the largest trading platform in terms of trade volume. During the last 24 hours, Binance has recorded roughly $8.6 billion in swaps and the trading platform commands the highest trade volume out …
Crypto Giant Grayscale Launches DeFi Fund – Here Are the 10 Altcoin Picks
Crypto investment giant Grayscale has launched a new Decentralized Finance (DeFi) Fund in partnership with CoinDesk Indexes. It’s the crypto asset manager’s 15th investment product and will feature 10 different assets in a market-capitalization weighted portfolio designed to track the CoinDesk DeFi Index. As of Monday, the same day as the fund’s launch, Grayscale already …
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Inflation Fears Send Bitcoin Below $32K – eToro Crypto Roundup
Crypto sinks with stocks on economic uncertainty. Bitcoin’s summer slump continues, with prices falling below $32K as post-pandemic inflation fears wash over the cryptocurrency market. The U.S. Labor Department released data last week showing that US consumer prices spiked beyond expectations in June. Major stock indices started falling shortly afterwards, and Bitcoin – already feeling jittery …
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Tech Mogul Jack Dorsey Unveils Plans To Build Decentralized Finance Services on Bitcoin
Square CEO and tech mogul Jack Dorsey says that the payments company is establishing a new business that aims to create decentralized finance (DeFi) services focused on Bitcoin. Although most DeFi applications are built on the Ethereum blockchain, Dorsey says that Square plans to bring Bitcoin to the emerging crypto subsector. ADVERTISEMENT “Square is …