Bitcoin saw a serious 12% price increase this week, allowing the cryptocurrency to rises toward the $8,800 level. BTC actually managed to rise into the $9,000 resistance level today but has since rolled over and fallen slightly. The latest price increase saw Bitcoin rising well above the 200-days EMA as it approached resistance at $8,960...Read More
Binance will list a new set of FTX leveraged tokens that will allow users to open 3x long or short positions for Bitcoin and Ethereum. This comes less than a month after the Maltese-based exchange made a strategic partnership with the derivatives exchange, FTX. Binance Lists New Type Of Leveraged Tokens The leading cryptocurrency exchange...Read More
XRP has seen a 13% price surge this week as it reaches resistance at $0.234. Against BTC, XRP continues to trade sideways as it straddles the 2600 SAT level. Once XRP manages to overcome $0.2345, the coin might surge back toward $0.30. Key Support & Resistance Levels XRP/USD Support: $0.22, $0.20, $0.185 Resistance: $0.2345, $0.25,...Read More
The critical situation between Telegram and the U.S. Securities and Exchange Commission (SEC) took another step forward. The market regulator now claims that the popular messaging company saw its upcoming Gram token as securities and thus should fall under established regulations. Is Gram Token A Security? Telegram’s controversy regarding its TON blockchain and its native...Read More
The QuadrigaCX scandal was a landmark case that became a red flag for the entire cryptocurrency community. The aftermath of it, however, isn’t over. Securities regulators in Canada are now preparing to clamp down on cryptocurrency exchanges which take custody of digital assets. QuadrigaCX Aftermath: CSA Publishes A Notice The Canadian Securities Administration has issued...Read More
Cryptocurrency has always remained a sore subject in any country’s regulation. Due to the lack of knowledge, cryptos are not receiving the intended growth scope. Some of the regions have fully regulated cryptocurrency laws, while some are on the verge of regulation. Moreover, there are even some regions where crypto is totally a banned subject....Read More
2020 has so far been particularly positive for Bitcoin and the rest of the cryptocurrency market. Starting the year at around $7,100, BTC currently trades at almost $9,000, charting notable increases throughout the entire week. In the past 24 hours alone, Bitcoin gained another 3% to its value, increasing from around $8,650 to about $9,000...Read More
According to a 2019 investment report released by Grayscale, one of the world’s leading authorities on digital asset investment, the digital giant has managed to raise over $600 million throughout 2019, with most of the funding coming in from major institutional players. Specialized in digital asset diversification, the company managed to grow its investment base...Read More
In November last year, the South Korean cryptocurrency exchange, UPbit, was hacked. The perpetrators took approximately $50 million worth of Ethereum. A new report shows that $3.2 of the stolen funds is already laundered using small transactions towards numerous other exchanges. $3.2 M Of ETH Laundered During November in 2019, Cryptopotato reported that the popular...Read More
Craig Wright, who claims to be the creator of Bitcoin, Satoshi Nakamoto, has reportedly seen his defamation case against Hodlnaut dismissed by UK’s High Court. The reason for the court’s decision is that it doesn’t have the jurisdiction to rule. Craig Wright’s Case Against Hodlnaut Dismissed Craig Wright is undoubtedly one of the most well-known...Read More
Leading US cryptocurrency exchange and custodian, Gemini Trust Company, has taken a strategic step to provide robust coverage for the cryptocurrencies in its custody. Gemini Takes An Extra Step Owned by the Winklevoss twins, Cameron and Tyler, the exchange announced Thursday that it had launched its captive insurance firm, Nakamoto Ltd., to secure Gemini Custody,...Read More
The YouTube cryptocurrency purge was a hot topic in the last days of 2019, but it seems that it may not be over. Another prominent cryptocurrency YouTuber has bemoaned that he received a strike on a recent live stream video and is unable to upload new content. YouTube Purge Not Really Over? During Christmas time...Read More
Since breaking the $8600 resistance two days ago, Bitcoin had continued its surge directly to the upper ascending line, the one that is marked on our following 4-hour chart. It looks like Bitcoin’s rally got a (temp?) ‘roof’ at that ascending trend-line. Why a temp roof? If Bitcoin would like to reach new highs, it’s...Read More
The largest cryptocurrency exchange in South Korea, Bithumb, has filed a complaint with the Tax Tribunal against the National Tax Service (NTS). The company wants the Tribunal to nullify a tax for nearly $70 million, which was previously imposed by the NTS on its customers. Bithumb Fires Back At the end of 2019, NTS imposed...Read More
According to recent buzz on Twitter, one of the biggest names in the crypto-industry, Michael Novogratz, is speaking up and questioning the biggest price shift made by altcoins yet this year, raising a red flag for crypto-enthusiasts everywhere. Michael Novogratz is the CEO of U.S.-based Galaxy Digital Holdings Ltd, a limited partner of Galaxy Digital...Read More
The situation in Lebanon just got intense as the Western Asian country is currently facing what appears to be its worst economic crisis since the end of its civil war in 1990. Reports from international news media, France 24, today revealed that angry protesters launched a night-time attack on several banks in the Beirut, the...Read More
During yesterday’s turbulent price movements, most cryptocurrency exchanges recorded notable 24-hour Bitcoin on-chain flows. The Chinese-based Huobi stands above all in terms of inflow with $157M and only $78M out. Huobi’s Impressive 24H Inflows The popular monitoring resource, TokenAnalyst, examined the 24-hour Bitcoin on-chain inflows and outflows of eight of the most popular cryptocurrency exchanges....Read More
DASH sees an epic 46% price surge over the past 24 hours, bringing the price for the coin up to $120. Against BTC, DASH has rocketed above 0.01 BTC and climbed much higher toward 0.013 BTC. DASH has now increased by a total of 183% over the past fortnight, allowing the cryptocurrency to rise into...Read More
The majority of voters in a recent poll think that Bitcoin will surpass its all-time high of $20,000 in 2020. This comes just one day after an impressive price surge of almost 8%, confirming the generally positive sentiment in the community. 2020 – A New BTC ATH? The cryptocurrency market experienced a serious price increase...Read More
It appears that the cryptocurrency community won’t be seeing an SEC Bitcoin ETF yet again, as Bitwise has withdrawn its application which was filed in January 2019. According to the official note, the move is largely due to the public interest and pursuant to existing regulations. Bitwise Withdraws Bitcoin ETF Application A lot of people...Read More
Popular cryptocurrency exchange Bitstamp and California-based Silvergate Bank have partnered up to launch a new Bitcoin leverage trading product. It would allow institutional investors to trade with leverage collateralized by Bitcoin and held on the exchange. SEN Leverage By Bitstamp And Silvergate Bank The Luxemburg-based cryptocurrency exchange recently announced its involvement with Silvergate Bank’s new...Read More
Bitcoin set the stage for an impressive price increase throughout the whole market with a positive run to over $8,800 at one point. Amid all this, the popular transaction monitoring resource, Whale Alert, detected a $1 billion transaction carried out with BTC. $1 Billion Transferred For $80 The last 24 hours have been nothing short...Read More
With initial coin offerings (ICOs) virtually gone and initial exchange offerings (IEOs) now dominating the crypto industry as the newest method of fundraising for blockchain projects, the United States Security and Exchange Commission (SEC) has warned US investors to be cautious when investing in them. The regulator issued an official notice today, warning crypto investors...Read More
In a recent interview with Cheddar, Heath Tarbert, Chairman of the CFTC, sat down to talk about Phase 1 of the upcoming U.S.-China trade deal, slated to be signed on Wednesday of this week. According to Tarbert, the trade deal will “be an immense success,” and that once the agreement is signed, we’ll start to...Read More
Bitcoin Satoshi’s Vision (BSV) has surged over 100% today, creating a fresh all-time high at above $400. The price increase was steady throughout the entire day, and it followed news that Craig Wright has reportedly received the keys for the popular Tulip Trust. Bitcoin SV Price Surging To An ATH Saying that today was a...Read More
XRP sees a 5% price increase today, bringing the cryptocurrency back above the $0.22 level. Against BTC, XRP has dipped lower as it breaks through the 2600 SAT support. The latest price increase is largely due to the fact that Bitcoin surged by over 6% in today’s trading session. Key Support & Resistance Levels XRP/USD...Read More
When news first broke out about Akon’s plans to build a “real-life Wakanda city” powered by cryptocurrency and renewable energy, many thought it was just a ruse for the African-American singer and entrepreneur to stay relevant. However, recent events have shown that the iconic rapper is indeed serious with his plans to build his own...Read More
Liteocin saw a 20% price surge this week that allowed the price for the coin to rise toward the $54 level. Against BTC, LTC has also increased as the market meets resistance at the 100-days EMA. Litecoin has now shot back into the 7th ranked position with a market cap of $4.64 billion. Key Support...Read More
Augur, one of the largest decentralized betting platforms, is preparing to launch a new version of its product. It will provide several notable changes and improvements for its users, allowing them to place different types of bets on cryptocurrencies. At the same time, Augur’s native coin REP records a daily increase of almost 7%. Augur...Read More
The cryptocurrency market is on the move again, and the dominant color is green. With some impressive numbers across the charts, the total market capitalization rises to $227 Billion. The green is led by Bitcoin, which is seeing decent gains of 5% since yesterday. BTC started 2020 at $7,200 and is up with 18% since...Read More
