Over the past seven days, Bitcoin (BTC) has failed to break through the $48,000 resistance, but its price has remained flat even as Minneapolis Federal Reserve Chairman Neel Kashkari bashed the industry. During an appearance at the Pacific NorthWest Economic Region Annual Summit on Aug. 17, Kashkari said: “So far, what I’ve seen is […] …
Continue reading “Bitcoin gains strength as Friday’s $600M BTC options expiry approaches”
A popular crypto trader and market analyst thinks an upcoming Bitcoin upgrade could send the king crypto asset flying in a year-end rally. The trader, known as Crypto Messiah, makes the case for Bitcoin (BTC) in a new video from Hxro Labs, arguing that BTC will see new highs upon the arrival of the Taproot …
Veteran trader Peter Brandt says that the formation of a rising wedge on the Bitcoin/US dollar chart is cause for concern. ADVERTISEMENT Brandt poses a question to his more than half a million Twitter followers on whether the rising wedge pattern will meet expectations or disappoint. “Rising wedge – will it fulfill its expectations …
August 19, 2021 – Victoria, Seychelles KuCoin, a global leading crypto exchange, welcomes the two-year anniversary of their ‘futures’ service. The service keeps growing fast, thanks to outstanding support from KuCoin users. KuCoin Futures was launched in August 2019 and ushers in its second anniversary. Since the initial launch, the platform has become one of the …
Continue reading “KuCoin Futures Exceeds Three Million Users on Its Second Anniversary”
The Avalanche blockchain platform’s native asset, AVAX, fell on Aug. 19 as traders decided to secure their profits from its 100% upside move. The AVAX/USD exchange rate plunged more than 16% after hitting a three-month high of $36.64, putting the brakes on a seven-day upside boom that saw its price rise by 111%. It appears that …
Brian Quintenz, who has served as one of the commissioners with the Commodity Futures Trading Commission, or CFTC, reportedly plans to leave the agency on Aug. 31. According to a Thursday report from the Wall Street Journal, Quintenz is expected to announce his move into the private sector after leaving the CFTC later this month. …
Continue reading “Crypto-friendly CFTC commissioner Brian Quintenz reportedly plans to step down”
Bitcoin (BTC) neared a critical breakout point on Aug. 19 as bulls sought to transform this week’s downtrend into a battle for resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers and sellers close in on BTC Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it repassed $45,000 on Thursday, climbing to highs of …
Continue reading “BTC price holds $44K support in ‘great sign’ for Bitcoin bulls”
Financial news site Bloomberg and Galaxy Digital Management have expanded their crypto offering to track the performance of the decentralized finance space. In a Thursday announcement, Bloomberg said it would launch an index currently tracking nine different decentralized finance, or DeFi, projects with Galaxy Digital. As of Aug. 1, these projects included Uniswap (UNI), Aave …
Continue reading “Galaxy Digital partners with Bloomberg for DeFi index”
William Hinman, the former director of the U.S. Securities and Exchange Commission’s Division of Corporate Finance, affirms that he warned Ripple about XRP. In a deposition in July, Hinman said that he told a Ripple official that he viewed XRP as an unregistered security. ADVERTISEMENT “Frankly, the one I recall the most clearly is …
Institutional interest in crypto is growing, confirmed by a Goldman Sachs survey, which found that 40% of the company’s high-net-worth clients were already exposed to cryptocurrencies. Stablecoins — which offer a more secure and steady option in the crypto space — have experienced hyper-growth, reaching a $119 billion market cap. The volatility of crypto has …
Continue reading “Stablecoin adoption and the future of financial inclusion”
The Australian Border Force (ABF), Infocomm Media Development Authority of Singapore (IMDA) and Singapore Customs, along with other industry representations, have concluded a blockchain trial project analyzing the status of the countries’ digital verification systems in issuing and verifying trade documents. The collaborative venture was a part of the Australia–Singapore Digital Economy Agreement — an …
Continue reading “Australia and Singapore conclude digital verification blockchain pilot”
Jay Clayton, the former chair of the United States Securities and Exchange Commission, has accepted an advisory role with blockchain infrastructure provider Fireblocks — marking a significant addition to a company that only recently achieved unicorn status. In joining Fireblocks’ advisory board, Clayton acknowledged that he shares the company’s view that “digital asset custody requires …
Continue reading “Former SEC Chair Jay Clayton joins Fireblocks advisory board”
Bison Trails, an enterprise infrastructure provider for the blockchain and cryptocurrency industry, has extended support to developers of Binance Smart Chain — a move the company says will contribute to the health and security of the rapidly growing DeFi sector. Through Bison Trails, developers on Binance Smart Chain, also known as BSC, will have access …
Continue reading “Bison Trails launches Binance Smart Chain support”
Crypto analyst Scott Melker is sharing his top four assets as altseason heats up again. In a new video, Melker tells his 77,000 subscribers that he is keeping an eye on scalable blockchain network Cosmost (ATOM) in both its Bitcoin (BTC) and USD pairs. Looking at the asset’s Bitcoin pair, Melker says he’s interested in …
Bitcoin (BTC) prices briefly fell below $44,000 on Aug. 19 as the United States Dollar strengthened after the Federal Reserve policy minutes revealed their intentions to limit their bond-purchasing program this year. Bitcoin risks $45,000 becoming new resistance The spot BTC/USD rate dropped 1.71% to a new week-to-date low of $43,955. The pair’s plunge appeared …
Continue reading “Bitcoin slides with S&P500 as Fed signals tapering $120B monthly bond purchases”
