The rocky road that Bitcoin (BTC) has been on for the past two months continued on July 19 as a widely predicted move downwards materialized in the early hours on Monday and dropped the price of BTC below $31,000. Data from Cointelegraph Markets Pro and TradingView shows that a wave of mid-day selling pushed the price …
Continue reading “Institutional demand for Bitcoin evaporates as BTC struggles below $31K”
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 …
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) …
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 …
Continue reading “Here’s how altcoin futures volumes and the USD lending rate signal market crashes”
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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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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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. …
Continue reading “3 reasons why Bitcoin Standard Hashrate (BTCST) price rallied by 50%”
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 …
Continue reading “Crypto Giant Grayscale Launches DeFi Fund – Here Are the 10 Altcoin Picks”
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 …
Continue reading “Inflation Fears Send Bitcoin Below $32K – eToro Crypto Roundup”
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 …
Ethereum (ETH) infrastructure developer Polygon has spun off a new subsidiary to advance its work in blockchain gaming and nonfungible tokens, or NFTs, offering further insight into the company’s long-term growth strategy. The newly formed Polygon Studios has three core objectives: establish Polygon’s position as the leader in decentralized gaming; create a brand that attracts …
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A Coinbase user has filed a class action lawsuit seeking $5 million in damages because of an allegedly misleading Dogecoin campaign. In the legal document, David Suski, the plaintiff, said he was deceived into trading $100 of Dogecoin (DOGE) for an entry into a $1.2 million sweepstakes offer on Coinbase. The document claims that Coinbase …
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Bitcoin (BTC) broke below the immediate support at $31,000 today and that has resulted in selling across several major altcoins. Coincidently, the fresh push to the downside in Bitcoin has come a day after the much talked about unlocking of shares worth about 16,000 Bitcoin from the Grayscale Bitcoin Trust. The sell-off in cryptocurrencies could …
Continue reading “Price analysis 7/19: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC”
Major venture capital firm Andreessen Horowitz will be promoting a former employee of digital asset infrastructure provider BitGo to assist in running its $2.2 billion crypto fund. According to Andreessen Horowitz general partner Katie Haun, Arianna Simpson will be joining partners Chris Dixon, Ali Yahya and Haun for the launch of the firm’s $2.2 billion …
Continue reading “Former BitGo employee will help deploy Andreessen Horowitz’s $2.2B crypto fund”
US bank joins Goldman Sachs in providing futures access to clients. XRP sees a big transfer of tokens to Binance. ADA tests smart contracts. BTC Bitcoin was weaker on Monday as stock markets swooned on the latest surge in virus variant cases and inflation last week. BTC Price Index Bitcoin is lower by $1,000 on …
Continue reading “Bank of America Offering BTC Futures to Clients, XRP, ADA, RUNE, Jul. 19”
