U.S Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) issued a stablecoin guidance on Monday for U.S national banks and federal savings associations to hold stablecoin reserves. This would be the first detailed national guidance on how cryptocurrencies backed by fiat currencies, with the dollar in particular, should...Read More
President of European Central Bank, Christine Lagarde said that incoming data suggested that Europe’s economic recovery was uncertain and that introducing a digital Euro would strengthen the European payment system. The President said in a speech addressed to a joint meeting of parliamentary deputies from France and Germany on Monday. Lagarde said the “Eurosystem” was...Read More
Craig Wright’s tactics for delaying the Kleiman estate litigation process may be coming to an end. The United States District Court for the Southern District of Florida has denied “on all grounds” the motion introduced by Craig S. Wright to dismiss the long-standing Kleiman vs. Wright lawsuit. Wright’s motion was denied “on all grounds” When...Read More
With a reported loss of 3.71 percent over the past 24-hours, EOS continued to struggle on the charts, with the crypto now well outside the top-10 of the market’s rankings. While EOS’s price has remained volatile for quite a while, the prevailing market trend has been bearish too. In fact, at the time of writing,...Read More
An article published in China Finance, a magazine run by the People’s Bank of China (PBOC), stated that China had to become the first nation to issue its digital yuan to “reduce its dependence on the US dollar”, according to a report published today. China Finance also sees issuing a digital currency as a “new...Read More
Bitcoin Options trading volume on the CME has consistently been higher than $7M over the past 3 months. In fact, the figure in question has even gone past $30M on quite a few occasions over the last 30 days. Source: Skew Such consistent trading volume is an indication of steady institutional interest and investment in...Read More
Bitcoin showed signs of bearishness on its charts as the market’s bulls lacked the strength to push the price past $11,000. Taking the lead of the world’s largest cryptocurrency, BitTorrent’s price slid lower down the charts as Maker too noted sharp fall in price as its downtrend persisted. Bitcoin [BTC] Source: BTC/USD on TradingView Bitcoin’s...Read More
Leaked documents as part of the FinCEN investigation showed involvement of traditional financial firms including one Mayzus Financial Services and its connection to the Mt Gox cryptocurrency hack and theft, in the global financial corruption reports exposed by BuzzFeed News. FinCEN files contain 36 suspicious activity reports (SARs) on Mayzus Financial Services, which is the...Read More
According to new reports today, the Commission has further explained that the move was part of its effort to protect investors, and it is well equipped to provide the required regulations. Last week, the Securities and Exchange Commission, Nigeria (SEC Nigeria), published a proposed set of regulations for the cryptocurrency and blockchain space, given the...Read More
Bitcoin Cash registered significant losses as Bitcoin and most of the market faced another wave of selling pressure. NEM, while it noted a recent surge, was rejected at a level of resistance and showed some bearishness on the charts in the near-term. VeChain had been making moderate gains over the past couple of days but...Read More
A recent study compiled by a cryptocurrency insurance company revealed that over 25% of surveyed institutional investors, who collectively manage nearly $80 billion of assets, are planning to increase their digital asset holdings. Institutional Investors To Accumulate More Crypto Although the interest from institutional interest has been rising lately, exemplified by the large digital asset...Read More
If you speak to someone who has heard of Bitcoin but doesn’t invest in it, their reason for the same would probably be something like this, “It’s too volatile for me! I’d rather stick to stocks and bonds.” Well, fair enough, but does it actually hold water? To answer this, we would have to put...Read More
Ethereum fell by a precipitous 10% today as it slips to $336. The cryptocurrency failed to surpass the $390 resistance last week and fell today as BTC dropped by 3%. Against Bitcoin, ETH also fell by 5.3% as it penetrated beneath the crucial support at 0.0329 BTC to trade at 0.032 BTC. ETH/USD – Etheruem...Read More
Most of the industry’s altcoins are struggling to make-do in the present market. With all the bullish market momentum fizzling out in early-September, new monthly lows are being registered every single day. In fact, even Bitcoin seemed to be losing value at the time of writing, after many alts hoped the king coin’s price movement...Read More
APY.Finance (APY), an automated yield farming platform raised $3.6 million in funding according to a release shared with AMBCrypto today. The funding announcement has come in after APY.Finance CEO, Will Shahda introduced the self-proclaimed ‘wealthfront for DeFi’ in a blog last month, that also mentioned its alpha launch in mid-October. Continuing from the last announcement, though,...Read More
The price of Bitcoin (BTC) on major exchanges has dropped by approximately 2.9 percent to $10,558.60 over the past 24 hours, as of press time —sparking widespread declines throughout the wider cryptocurrency market. Tokens relating to decentralized finance have seen particularly harsh declines of late, and BTC’s drop in valuation since a failure to push...Read More
Bitcoin’s price is back in decline as $12 billion suddenly evaporated off the crypto market cap. This includes approximately $10 million worth of BitMEX BTC longs, which have already been liquidated due to the sudden breakdown. In the last 4 hours, BTC has tanked over 3% from $10,900 to a low of $10,560 and broken...Read More
With the Bitcoin-Gold correlation at 76.3%, at the time of writing, market analysts are once again commenting on how crucial this correlation is, especially with regard to what it implies. However, what is interesting to note here is that this correlation was negative for the most part of the past two years. That is, before...Read More
Monero has been on a healthy uptrend for a while, but that might change in the short-term after it flashed a bearish signal on the charts. Synthetix, however, registered a bullish signal and the possibility of a price rise was likely, despite the fact that it remained under the bearish trend that commenced in early-September....Read More
Ethereum, though the market’s second-largest cryptocurrency by market cap, has traditionally been loyal to Bitcoin’s price movement. Where Bitcoin goes, Ethereum follows. The same was noted to be happening, at press time, with Ethereum about to break out of the bearish pattern following Bitcoin’s cues. Trading at $369, at the time of writing, we might...Read More
Stellar Lumens’ charts suggested that it was likely to continue down south on the back of bearish momentum. Ontology too noted a bearish pattern, with ONT likely to lose an imminent level of support. DigiByte, however, continue to breach its resistance levels, with the crypto likely to continue rising in the near-term. Stellar Lumens [XLM]...Read More
China needs the advantage of the first issuer of digital currency and the first nation to come up with its digital asset, PBOC’s China Finance magazine article states. A New “Battlefield Of Competition” On The Rise According to an article published in China Finance, a magazine run by the People’s Bank of China (PBOC), cited...Read More
Bitcoin SV, the fork of a fork coin, continues to survive and sustain, despite having only a small camp of supporters and developers working on its blockchain. The cryptocurrency, at the time of writing, was priced at $152, with BSV the 11th-largest on CoinMarketCap’s charts. However, while BSV has seen nothing but price drops over...Read More
The latest news coming out of Iran points to growing support for Bitcoin and cryptocurrency miners in the country. Miners will now have access to the electricity output from three power plants to mint digital assets, courtesy of Iran’s Thermal Power Plant Holding Company (TPPH). Tender For Bitcoin, Crypto Miners To Leverage Output of 3...Read More
Andre Cronje is undoubtedly one of the best-known names in the cryptocurrency field lately, especially when it comes to decentralized finance (DeFi). On July 17th, 2020, Cronje announced the release of various products under yearn.finance, as well as the governance token for the protocol called YFI. It didn’t take long for users to realize the...Read More
March 2020 became truly historic for bitcoin miners – bitcoin hashrate exceeded 136,24 EH/s. The block release interval has been reduced to 7 minutes from the default of 10 minutes resulting in the situation when the expected order of block release has accelerated in more than 100 blocks. One of the upcoming mining trends is...Read More
The altcoin market continued to see red as Bitcoin, the world’s largest cryptocurrency, traded just under the $11,000-mark, with an eye on $11,200. Further down the crypto-ladder, Tron has been trending south recently, with TRX likely to continue to do so, alongside Algorand. Compound, however, noted a bullish divergence and a bounce can be expected...Read More
The majority of recent DeFi food flavored tokens have been backed by very little, and consequently end up as just pump and dump schemes. Today’s DeFi flavor is pineapple and the protocol is doing something a little different by enabling farmers to mine non-fungible tokens (NFTs) for crypto collectibles. Non‑fungible tokens are a special type...Read More
Although BTC dipped to $10,750 yesterday, the asset is back near the psychological $11,000 level. Most alts are trading in the red as the entire market cap has lost over $8 billion from yesterday’s peak. BTC Bounced Off $10,750 After two consecutive rejections at above $11,000, Bitcoin headed for a correction yesterday. The primary cryptocurrency...Read More
