Bitcoin (BTC) kept blowing through support levels during trading on Sept. 20 ahead of what promised to be a “very interesting” U.S. stock market open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No sweat for BTC traders after $42,500 visit Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD. It dipped briefly to near $42,500 before …
Continue reading “Bitcoin bounce levels extend to $36K with bulls unmoved by 8% BTC price dip”
Fall is traditionally the open season for United States financial regulators. The thicket of news coming out of Capitol Hill, federal courts and various regulatory agencies can feel overwhelming around this time, especially for those of us residing outside of these venerable institutions’ purview. It is also clear that the outcomes of these legal battles …
Continue reading “Law Decoded: US as an anatomical theater of crypto regulation, Sept. 13–20”
American business magazine Fortune has launched a new decentralized donations fund alongside nonfungible token (NFT) artist Pplpleasr, with proceeds earmarked for independent journalists and programs that foster journalistic integrity. The new Fortune Journalism PleasrFund was launched on the Ethereum blockchain through Endaoment, a charity-focused decentralized autonomous organization, the company announced Monday. So far, the fund …
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Despite Bitcoin (BTC) dropping below the $43,000 mark on Monday, the outflow of BTC from exchanges has continued in a multi-month trend, particularly on Coinbase Pro. BTC/USD 4-hour candle chart, Coinbase. Source: TradingView Over the past month, the amount of Bitcoin held in Coinbase Pro’s vaults dropped by 28,843.87 BTC. Similarly, other crypto exchanges, including …
Continue reading “Bitcoin extends slide below $43K as Binance’s BTC stash grows to May-crash levels”
Last week mega bank JP Morgan issued a report that Ethereum is massively overvalued based on the amount of network activity on the blockchain. Valuation exercises for cryptos are never easy, and being at a big bank must be difficult – given their connections with the fiat banking system. Nikolaos Panigirtzoglou at JP Morgan thinks …
Continue reading “JP Morgan Thinks Ethereum is Overvalued: Market Doesn’t Care”
We have the scoop on the top cryptocurrency to buy this week for a bargain. Despite the slump in the market, which saw large capped assets like Solana and Cardano shed 12%, there are still opportunities to make sizeable gains in crypto. Let’s take a look at the popular cryptos driving Let’s dive right in. …
Popular crypto analyst and trader Benjamin Cowen is revealing what he thinks are the best-case scenarios for Cardano (ADA). In a new strategy session, Cowen says that one possible scenario for ADA is a slow grind around the 20-week simple moving average (SMA) before making another leg higher from its current prices. ADVERTISEMENT “A …
The Securities Exchange and Commission of Thailand (SEC) has a license to an asset-backed token offering service based on the Ethereum blockchain. Fraction, a wholly-owned subsidiary of the Hong Kong-based fintech firm Fraction Group, has received a license allowing it to list and trade tokens for fractional ownership of physical or digital assets, the firm …
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Digital currency exchange Crypto.com has expanded its insurance policy to cover up to $750 million worth of digital assets, offering an additional layer of protection for the platform’s ten million users. The new policy, effective since Sept. 6, is backed by Arch Underwriting, a division with Lloyd’s Syndicate 12, the company announced Monday. The policy, …
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Turkey is eager to become a blockchain hub as a country with one leg in Europe and another in Asia. However, the same passion doesn’t apply to cryptocurrencies, as Turkish President Recep Tayyib Erdoğan reiterated recently. Erdoğan hosted a question-and-answer event in Mersin, Turkey with youth from across the country. An attendant referred to the …
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Binance cuts AUD, EUR, GBP trade pairs amidst regulatory crackdowns Crypto exchange Binance announced it is delisting margin trading pairs for three fiat currencies, namely the Australian dollar (AUD), the Euro (EUR), and the British pound sterling (GBP). 2 min read → Go to Source
El Salvador purchased 150 more Bitcoin today as it looks to add to its existing Bitcoin coffers, President Nayib Bukele confirmed in a tweet today. “We just bought the dip. 150 new coins! El Salvador now holds 700 coins,” the tweet read, implying over $6.7 million were invested in the asset. The nation now sits …
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Crypto traders were in for a tough Monday morning as they woke up to double-digit percentage losses across the market. Large-cap altcoins like Solana, XRP, and Cardano shedded millions of dollars from their respective market caps, while Bitcoin and Ethereum lost 6% and 7% at press time respectively. As per data from CryptoSlate, Solana traded …
Continue reading “Solana, XRP, Cardano lead losses as 91% of all crypto ‘longs’ liquidated”
Following threats from the Central Bank of Nigeria (CBN), the management of Abokifx, a website that tracks the Nigerian currency’s black market exchange rates, has announced the suspension of their daily updates. This suspension will remain in effect until Abokifx gets “better clarity of the situation,” management said on September 17, 2021. Tracking of Parallel …
Bitcoin.com, in line with its vision to support ‘economic freedom,’ is refocusing its efforts on non-custodial, or ‘self hosted,’ crypto products, including exchange. Therefore, the Bitcoin.com Wallet, which is fully non-custodial and provides users with direct access to public blockchains like Bitcoin, Bitcoin Cash, and Ethereum will be the company’s flagship product going forward. What’s …
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