Monthly archives: October 2023

A top trader who accurately called the 2018 bear market bottom for Bitcoin (BTC) believes that the crypto king has officially entered bull territory. Pseudonymous analyst Bluntz tells his 225,000 followers on the social media platform X that Bitcoin’s recent rally has invalidated his bearish view that BTC could drop below $24,000 before reversing its …

Continue reading “Time To Get Rid of Bearish Bias As Bitcoin Bull Market Is Confirmed, Says Trader Who Nailed 2018 BTC Bottom”

BTC price support gives in to sellers at six-week highs, but Bitcoin remains in its classic trading range. Market Update Join us on social networks Bitcoin (BTC) traded moderately higher on Oct. 3 after giving back $1,300 of gains into the daily close. BTC/USD 1-hour chart. Source: TradingView Bitcoin bulls slip at $28,600 Data from …

Continue reading “Bitcoin traders demand ‘slow grind’ up after BTC price drops over 4%”

Sygnum Singapore plans to expand its regulated offering to Asia-Pacific (APAC) markets, such as Hong Kong, a spokesperson told Cointelegraph. News Join us on social networks Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, received a license to offer crypto brokerage services to accredited investors and institutions in Singapore. On Oct. 3, Sygnum Singapore …

Continue reading “Singapore awards major payment institution license to Sygnum Bank subsidiary”

An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management. News Join us on social networks Crypto-friendly Silvergate Bank ultimately collapsed this year due to over-dependence on risky crypto deposits and nepotism that led to ineffective management, according to United States Federal Reserve …

Continue reading “Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse”

The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023. News Join us on social networks Embattled crypto lender Celsius Network has told a judge it plans to start paying back its customers by year’s end, amid an Oct. 2 hearing seeking …

Continue reading “Celsius seeks court approval to start repaying customers by year-end”

Crypto activity in East Asia fell from its perch after China began its crusade against crypto in 2019. Recent moves by Hong Kong could help reverse that trend, said the blockchain analytics firm. News Join us on social networks Recent crypto advancements in Hong Kong could provide a “potential tailwind” to lift crypto activity in …

Continue reading “Hong Kong could be a ‘tailwind’ for lagging crypto activity in Asia: Chainalysis”

The Chainalysis workforce will be reduced by around 150 as the bear market bites deeper. News Join us on social networks Blockchain analytics firm Chainalysis has reduced its headcount by another 15% this week, citing the need to reduce expenses due to continued bear market blues. On Oct. 3, Chainalysis confirmed to Cointelegraph that it …

Continue reading “Chainalysis axes another 15% of staff citing difficult market conditions”