Basing its allegations on a “leaked document,” Forbes published a report today that claimed major crypto exchange Binance was “intentionally” deceiving US regulators. The report stated that: Binance Holdings Limited, the world’s largest cryptocurrency exchange conceived of an elaborate corporate structure designed to intentionally deceive regulators and surreptitiously profit from crypto investors in the...Read More
Governor of Bank of Canada, Tiff Macklem revealed today that the central bank was working with its G7 partners towards its own digital currency. The Governor also highlighted a need for a “globally coordinated” approach to developing CBDCs in order to keep criminals away from using such tools. Earlier this month, a group of seven...Read More
Following new sanctions by the United States Treasury Department earlier this week, Iran now hopes to use Bitcoin for cross-border settlements, local media reported Thursday. The Iranian government amended its crypto regulations so that miners can redirect cryptocurrencies to Iran’s finance mechanism for international trades as the country’s fiat currency continues to suffer from both...Read More
Managing to work through the market-wide sell-off today, most altcoins recorded some losses on their trading charts, with Bitcoin too trying to stay just above the $13,100 level at press time. Litecoin was witnessing selling pressure, that pushed the digital asset beneath two of its short-term-period moving averages. Following the negative sentiment, IOTA too remained...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Cardano long-term market and its impact on the price. Cardano developers have been working relentlessly towards their decentralization goal and released the updated version of its Daedalus wallet today. The digital asset was experiencing an upwards rally before the trend...Read More
Bitcoin has seen its hash rate decline over 43.47 % within a span of 3 days, due to Chinese mining farms closing down for the dry season. The reason being, they cannot generate enough hydropower without the rain along with a spike in electricity costs. Bitcoin hashrate has dropped by ~45% over past 3 days,...Read More
Chainlink for long had been consolidating on the charts but has now finally broken into a bearish trend for the day. The digital asset was likely to be bearish in the short-term period. Tezos too was registering a strong bearish momentum, with the digital asset recording nearly 6% in losses for the past three days....Read More
A Chinese court in the city of Yancheng denied an appeal made by four convicts behind the $1.1 billion WoToken Ponzi scheme according to a court ruling published. The judgment stands that these convicts will be sentenced to prison for a duration between 2.5 and 8.8 years. Chinese law enforcement has also seized illegal proceeds...Read More
Bitcoin equaled its 2019 highs by retesting $13,880 over the past 24-hours. While most of the market is currently rejoicing Bitcoin‘s current price of $13,000-$14,000, there might be a little bit of unrest between CME Futures and Options traders. A bullish trend can never be bad for the derivatives market but at the moment, CME...Read More
After cryptocurrency exchange Binance said that it would fund 5 DeFi projects, the firm has announced today that it will now be funding the second batch of blockchain projects as part of its $100 million accelerator fund, which was launched in September this year. Altogether, the fund now supports 11 projects that will build on...Read More
Bitcoin Cash, Tron, and Basic Attention Token all registered a brief price correction on the charts during the day’s trading session. While Bitcoin Cash noted some bullish weakness, Basic Attention Token signaled a dip in its volatility with Tron also maintaining its sideways movement. These gave early signs of a continued price consolidation possibility for the...Read More
XRP/USD – Bulls Battling To Defend 100-days EMA Key Support Levels: $0.24, $0.23, $0.228.Key Resistance Levels: $0.251, $0.261, $0.271. XRP struggled to break a falling resistance trend line at the start of the week – close to $0.26. As a result, the coin started to decline in the past few days. Although it has spiked...Read More
Deepak Chopra’s name is synonymous with meditation, mindfulness, and healing through healthy living. And according to the latest update, the world-renowned author and thought-leader is considering buying bitcoin. Mr. Chopra is also about to launch ‘Love in Action,’ his own blockchain-based token. Deepak Chopra Officially Enters The Blockchain Space It is important to note that...Read More
Fidelity Digital Asset Services (FDAS), the crypto subsidiary of asset manager Fidelity Investments partnered with the regulated Singapore-based investment manager, Stack Funds, to facilitate the increasing demand in cryptocurrencies among Asian investors with Stack Funds providing its clients with access to custody services at FDAS. Stating that this new partnership would help the company understand...Read More
While Altcoins are struggling to improve by a buck, Bitcoin registered its new 2020 high recently. Leading a serious sense of awakening in the space, the developments elsewhere have been instrumental as well. However, keeping price out of the picture, Bitcoin’s demand is now improving in a multi-directional facet, here’s how. Investment Demand and Fundamental...Read More
The popular cryptocurrency lending service Cred has announced that it has temporarily suspended all funds inflows and outflows. Without disclosing many details, the platform said it’s cooperating with law enforcement authorities to investigate an incident. Cred Suspends Deposits And Withdrawals The United States-based crypto lending platform, which recently announced joining Visa’s fast track program, updated...Read More
The crypto market is bleeding red again. Top currencies like BTC, ETH, XRP have seen a slight decrease in their prices. However, few currencies are standing strong and have a steady growth rate. Talking about Defi tokens, the prices of top decentralized finance (DeFi) tokens have declined significantly over the last month with few exceptions. ...Read More
Cardano had been working on the Daedalus wallet update 2.4.0 for a long time now and was working on the final stages of Trezor hardware wallet integration. After much work, the team has finally released the new Daedalus 2.4.0 which will continue to improve the Cardano delegation user experience. According to @InputOutputHK, the new update...Read More
Prominent cryptocurrency exchange Gemini announced its partnership with the tax compliance firm Taxbit on Thursday. This step was taken by the exchange to automate and optimize crypto tax reporting. According to the announcement: “When Tax Center Suite is fully implemented on Gemini, customers in the United States will be able to download a completed tax...Read More
Fidelity Digital Asset Services (FDAS) has partnered with Stack Funds to enable Asian investors to purchase and store cryptocurrency assets more freely and securely. Based in Singapore, Stack Funds is a regulated fund manager focusing on Bitcoin and other digital assets. According to the Bloomberg report, Stack Funds will make Fidelity’s secure custody services available...Read More
The Bitcoin market after moving to its yearly-high of $13,864 had fallen under $13k on 28 October and has since bounced back. As Bitcoin traded at $13.2k, at press time, the outcome from the approaching BTC options expiry remains undecided. Source: BTC/USD on TradingView According to data provider Skew, over 62k Bitcoin options are set...Read More
Binance is the world’s largest cryptocurrency exchange by means of daily trading volumes. In the few short years since its launch, the venue went on to become a leading company in the industry. In fact, launching coins up for trade on the exchange has created the so-called “Binance Effect.” In short, when a cryptocurrency is...Read More
Atypical performance isn’t something new for cryptocurrency assets. Flash crashes and massive positive wicks have taken place in the past. Just yesterday, ETH went through something similar. The price of the asset shot up by almost 50% only to crash immediately down to $197 and settle to where it’s currently trading on Binance. ETH Price...Read More
Many cryptocurrency projects have been working on financial inclusion and Ethereum Classic recently announced a step towards it. On 28 October, ETC labs and ChainSafe Systems announced the launch of a new bridge between Ethereum [ETH] and Ethereum Classic [ETC], with a focus on bridging the Dai stabelcoin to ETC. According to the announcement: “This...Read More
Cryptocurrencies, in general, will not help for the inclusion of unbanked individuals into payment systems and banks, claims Mastercard CEO Ajay Banga. However, the company is far from ignoring digital currencies altogether. Trying To Get 1 Billion Into The Banking System As per a recent news report, Mastercard CEO Ajay Banga, who’s on a mission to...Read More
Benchmark indices in the Asian markets as well as on Wall Street fell sharply overnight, strongly influencing the bearish market outlook witnessed on the trading charts even for some digital assets today. Barring Bitcoin Cash, all the top ten digital currencies were trading in the red zone. Ethereum and Stellar Lumens recorded over 2.5% in...Read More
Bitcoin went on a roller-coaster ride in the past 24 hours from a new yearly high of nearly $14,000 to dipping below $13,000. Most altcoins mimicked their leader, and the total market cap has dropped by $15 billion. Bitcoin’s Wild 24H Ride As CryptoPotato reported yesterday morning, everything seemed to be going in BTC’s way....Read More
A tweet by the VP of Futures at Binance, Aaron Gong, addressed an apparent attack on the liquidity of USDETH Perpetual Futures. Source: Twitter As per the tweet by Gong, Binance believes this to be ‘intentional sabotage’ from a competitor and stated that, “This happened on ETHUSD Perp futures. It was caused by one trader,...Read More
UTRON DeFi — The Interoperable DeFi liquid yield generator, interconnecting industrial mining capabilities with next-generation decentralized finance solutions. Vision: UTRON and our future user-friendly ecosystem contribute to the adoption of mining and staking cryptocurrencies with next generation decentralized finance solutions. Blockchain & Decentralized technologies allow us to make a transparent and efficient environment for any...Read More
Bitcoin skeptic Peter Schiff has done it again: The notorious gold bug, famous for being the owner of the only Bitcoin wallet capable of forgetting passwords, claimed that this time —unlike his other failed predictions— Bitcoin is genuinely about to die . Shortly before the price correction on Oct. 20, 2020, the investor went on...Read More
