Analysis

Advertisement The bitcoin-to-dollar exchange rate started losing its grip on the sideways action, slipping almost a percent this Friday. The pair broke below 6400-fiat, the psychological support level of the previous trend, to establish new intraday lows towards 6356-fiat. The downside action appeared after bulls began to feel weak near the giant descending trendline formation
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A global money-laundering watchdog has said it will begin publishing rules for international cryptocurrency regulation by next summer. According to a Reuters report Friday, the Financial Action Task Force (FATF) – the France-based intergovernmental body founded in 1989 to develop policies for tackling money laundering – said that global jurisdictions will have to bring into force licensing schemes
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North Korea’s infamous hacking group, dubbed Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates. According to an article published Friday by The Next Web, the coming annual report from cybersecurity vendor Group-IB sets out that Lazarus was behind 14 hacks on crypto exchanges since January 2017, reaping a massive $571
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Advertisement The common idea that the bitcoin price drops just before the cryptocurrency futures contracts expire has no solid basis, a new study published by Cindicator suggests. The report, titled Bitcoin Futures: Market Evolution, studied bitcoin volumes on futures and spot cryptocurrency exchanges to get an idea about the liquidity and development of the holistic trading
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The U.S. Securities and Exchange Commission (SEC) is launching a new division with the goal of making it simpler for fintech startups – including those launching initial coin offerings (ICOs) – to navigate the legal implications of their products. Announced Thursday, the Strategic Hub for Innovation and Financial Technology (FinHub) will act as a central point
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Advertisement As institutional investors wade increasingly further into the cryptocurrency ecosystem, they are contributing to a significant bump in demand for cryptocurrency lending services. Institutional Crypto Lending Tops $550 Million That’s according to the Q3 Digital Asset Lending Snapshot from Genesis Capital, who in March launched the cryptocurrency industry’s first institutional lending business. Since the
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Advertisement Bolstered by stable trading volume, growing network activity, and increasing validation on Wall Street, the bitcoin price could be on the brink of a major move to the upside. Writing in daily market commentary made available to CCN, eToro senior market analyst Mati Greenspan said that the stars continue to align for a potential
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Bitcoin (BTC) is again trading in a narrowing price range above $6,400, but the lateral trading may soon give way to a rally, according to technical studies. The price consolidation comes after Monday’s big spike to three-week highs above $6,800, which weakened the bearish case put forward by last Thursday’s violation of key support. However,
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Advertisement Bitcoin futures trading volumes continued to rise in Q3, with derivatives exchange CME reporting a 41 percent quarter-over-quarter increase in average daily volume. Bitcoin Futures Volumes See Major Bump in Q3 During Q3, the exchange averaged 5,053 contracts — each equivalent to 5 BTC — traded during each daily trading session, representing 25,265 BTC
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When the Tether (USDT) stablecoin’s $1 peg broke down on Monday, traders looking for another dollar equivalent they could easily move between cryptocurrency exchanges had few other places to turn. One of those places was Bibox, the ninth-largest exchange by 24-hour adjusted volume, according to CoinMarketCap, which accounts for basically all trading – 96 percent
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Advertisement The Bitcoin-to-dollar exchange rate consolidated sideways as an extension to its intraday stable action. The pair seems to have found a decent support above 6400-fiat, but an equally stubborn resistance near 6530-fiat is holding its gains. Currently, BTC/USD is trading at 6439-fiat, down 0.54 percent from the previous day’s close. On the fundamental front,
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Forcing a bitcoin (BTC) price breakout is looking anything but easy for the bulls, with the path to $7,400 being littered with resistance levels. Stepping back, the leading cryptocurrency jumped above $6,800 on Monday, neutralizing the bearish view put forward by a downside break of a trendline support last Friday. The sharp recovery from lows
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Advertisement The co-chief investment officer of one the cryptocurrency industry’s largest investment firms said that he expects the next bitcoin bull run to carry the cryptocurrency market cap 1,000 percent above its current valuation. Pantera Capital’s Joey Krug made this prediction during an interview with Bloomberg, forecasting that the next upswing could propel the cryptocurrency
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The market is starting to differentiate between stablecoins, even though these cryptocurrencies are all designed to trade 1-to-1 with fiat. Several U.S. dollar-pegged cryptocurrencies are now trading either significantly higher or significantly lower than the greenback, reflecting investors’ perceptions of their relative risk. Given that stablecoins are typically used as on-ramps for investors looking to
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Advertisement The imbalanced peg between the US Dollar and Tether LLC’s USDT has resulted in a $300-spread in Bitcoin price. At the press time, the aggregated Bitcoin-to-dollar exchange rate on non-Tether exchanges is approximately 6430-fiat. Meanwhile, on Tether exchanges like BitFinex, the same forex rate is above 6700-fiat. The strange trading activity, which started surfacing
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Crypto exchange Coinbase is launching in a new office in the capital of Ireland. Coinbase vice president of operations and technology Tina Bhatnagar announced late Monday that the exchange is opening a new office in Dublin, Ireland in response to customer growth in the EU. What’s more, it’s a helpful backstop against the looming exit of
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