The latest crackdown has compelled many bitcoiners to scramble for the exits, leaving their diamond-handed counterparts to issue witticisms that underline the former’s shaky resolve. One Twitter user, for instance, pointed out that many of bitcoin’s critics refuse to buy the asset “because China controls it” – while others sold “because China banned it.” So …
Continue reading “What does China’s crypto crackdown mean for the industry?”
Over the last seven days, there have been close to 18,000 non-fungible token (NFT) primary sales worth over $12.7 million. This week also saw a great number of non-fungible token (NFT) announcements surrounding big names like DeLorean Motor Company, the renowned NFT artist Beeple, the Grateful Dead’s Jerry Garcia, USA Today and more, as the …
Robinhood Markets Inc., the American financial services company headquartered in Menlo Park, California, has seen its initial public offering (IPO) delayed by the U.S. Securities and Exchange Commission (SEC). According to a report citing “people familiar with the matter” the SEC is questioning Robinhood’s cryptocurrency business. SEC Questions Robinhood’s Crypto Dealings, IPO Delayed Robinhood was …
The first Bitcoin ETF in Latin America made its debut yesterday on the Brazil Stock Exchange. Presented by QR Capital, a Brazilian blockchain investment firm, the ETF seeks to simplify Bitcoin exposure for institutions and companies. The ETF was approved by Brazilian regulators and is currently trading with the QBTC11 ticker. Bitcoin ETF Makes It …
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The Financial Action Task Force (FATF) has published the organization’s 12-month review and the research highlights that only 45% of the 128 reporting jurisdictions have complied with AML/CFT policy and FATF recommendations. The annual review stresses that the “lack [of] effective” regulation makes it “challenging for competent authorities to follow the transaction trail, buying more …
Crypto trader and the host of Altcoin Daily, Aaron Arnold, is listing nine crypto assets that he would invest in and hold over the next half a decade. Aaron says that he would allocate half of his portfolio to Bitcoin (BTC) as it is the gold standard for permissionless blockchains. ADVERTISEMENT “My first $500 …
In times like these, when the entire cryptocurrency market is down and there is nary a sector-wide runup to be found, traders have to dig into data to see how the market dynamics may have changed to pinpoint signs of new growth. Stablecoins are the newest trend to emerge in the decentralized finance (DeFi) arena …
Continue reading “Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi”
Perpetual contracts, also known as inverse swaps, have an embedded rate usually charged every eight hours. This fee ensures there are no exchange risk imbalances. Even though buyers’ and sellers’ open interest is matched at all times, leverage can vary, and when buyers (longs) are demanding more leverage, the funding rate turns positive. Thus, they …
Continue reading “Crypto traders say negative funding rates are buy signals, but are they?”
The ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission, or SEC, continues with the regulatory body claiming that XRP token holders are targeting its members on social media platforms with allegedly false statements. In a Thursday motion addressed to Judge Sarah Netburn in the Southern District of New York, the SEC …
Bitcoin Price Prediction – June 24 Looking at the daily chart, the Bitcoin price is showing positive signs and it is likely to accelerate further higher in the near term. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $40,000, $42,000, $44,000 Support Levels: $28,000, $26,000, $24,000 BTCUSD – Daily Chart Buy Bitcoin Now …
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“Crypto-villan” Elon Musk has been quiet regarding cryptocurrencies in recent weeks. That was until he relapsed today by replying to a tweet from Dogecoin co-founder Billy Marcus. Dogecoin is best enjoyed when funny Marcus tweeted that the Dogecoin narrative needs to stay funny, adding that seriousness “ruins its charm.” “IMO, $DOGE is at its best …
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Chicago-based US company, Athena Bitcoin, which operates Bitcoin (BTC) and other cryptocurrency ATMs throughout North and South America, announced plans to expand its network in El Salvador, according to CNN. The company that operates a large ATM network, which stretches from Michigan to Puerto Rico in the US and has operating terminals in Argentina and …
Continue reading “El Salvador’s soon getting 1,500 Bitcoin ATMs”
The notorious meme crypto asset dogecoin has seen better days, as the digital currency tapped an all-time high (ATH) two months ago at $0.737 per unit. Today, dogecoin is down 67% since the ATH and over 30% during the last three months as interest in the dog meme coin is waning. Dogecoin Interest Dives, Meme-Token’s …
Banks and credit unions of all sizes can now facilitate the buying, selling, and holding of bitcoin within their banking platforms thanks to a collaboration between Finserv and New York Digital Investment Group (NYDIG). Finserv currently has about 10,000 financial institution clients. All Banks Can Now Let Customers Buy, Sell, Hold Bitcoin via Bank Accounts …
Bitcoin ATM operator Athena Bitcoin has unveiled its plan to install 1,500 bitcoin ATMs in El Salvador. Initially, the company will install dozens of machines as a test. El Salvador President Nayib Bukele wants 1,500 bitcoin ATMs installed and Athena Bitcoin said, “we will go for that, but in phases.” Athena Bitcoin said Thursday that …
