Bitcoin retests $40,000 support while recovery above $42,000 seems shaky. Cardano holds marginally above $2, but a breakdown to $1.5 still lingers. The cryptocurrency market value is back under $2 trillion and precisely holding at $1.97 trillion following a selloff that has persisted since Sunday. Bitcoin has explored levels close to $40,000 after hitting highs
This week started with a bloodbath on Satoshi Street with Bitcoin and altcoins eroding investors’ wealth after rallying for past few weeks. Amid the strong volatility this month, a group of investors’ advocates wrote to the U.S. SEC on Monday, to amp up the crackdown on the crypto market. These groups include the Americans for
The Bitcoin (BTC) balance on exchanges is on the decline, at least, for the past few weeks, as highlighted by Glassnode’s on-chain data. There seems to be an increase in the demand for accumulated BTC on trading platforms, a trend that brings into question where the funds are going into. Bitcoin has seen a tumultuous
Coinbase Inc. ($COIN) has finally opened its Prime brokerage services to nearly 9,000 of its institutional investors, after launching the Beta version back in May. While Coinbase continues to rule the retail market, its Prine brokerage service would open the gates for any institutions to get access to the trading tools and services. The Coinbase
As the overall crypto space enters a deeper correction, nearly $250 billion have been eroded from the overall crypto space. Bitcoin (BTC) alone has contributed to over $90 billion in investor wealth erosion. As of press time, Bitcoin (BTC) is trading 7.5% down at a price of $43,841 and a market cap of $819 billion.
Apple failed to screen one of its applications on the App Store and now we have yet another trending lawsuit. The fraudulent app, Toast Plus, disguised as a cryptocurrency wallet, Toast Wallet scammed users to extract XRP from users’ wallets through phishing attacks. The Diep Vs Apple class-action lawsuit saw Hadona Diep, a Toast Plus
The Asian Time Bitcoin Crash came as a surprise to the investors. However, the Evergrande connection makes the fall appear to be more predictable. The Chinese Real Estate Giant, Evergrande was speculated to be the potential reason for the crash after getting banned from the US, in lieu of its $2 trillion debt. The Hong
The Defi protocol, pNetwork alerted the community of a 277 Bitcoin (BTC) hack, which amounts to 12.67 million in USD. The network revealed that the attacker installed a bug on the Binance Blockchain codebase of pNetwork. However, the protocol confirmed safety for other funds as no more bridges had to bear the burn of the
Bitcoin price took a 5% plunge falling from a daily high of $48,234 to a daily low of $45,394 leading to hundreds of millions in liquidation. The price decline for the top cryptocurrency came in as buying opportunity for El Salvador, the first country to make BTC a legal tender. President Nayib Bukele took to
Throughout the month of September, Bitcoin (BTC) along with the overall crypto market has remained volatile. As of press time, Bitcoin (BTC) is trading ~5% down at a price of $45,755 and a market cap of $861 billion. Steve Hanke, an economist at Johns Hopkins University has lashed out at Bitcoin in a recent attack.
Bitcoin trims almost all the gains accrued last week as it tests support at $45,000. Long positions liquidations soar to $312 million while Bybit accounts for more than half. Bitcoin and cryptocurrencies suffered yet another blow on Monday during the Asian session. The massive drop of more than 5% in the crypto total market capitalization
The XRP lawsuit filed by SEC against Ripple is drawing a near end, and nearly after 9 months of back and forth, experts have weighed in on the possible outcome of the case. The latest development in Ripple vs SEC case saw the defendants file for another seal motion for two exhibits from the Interrogatories
Kyrgyzstan’s State Committee for National Security (SCNS) revealed that they have caught and shut down over 500 illegally operating Crypto mining farms that were directly connected to the power grid. Furthermore, the SCNS also highlighted the unsustainable nature of crypto mining as the mining equipment utilizes up to 3,000 kilowatts of electricity per hour. “More
As the South Korean crypto crackdown expands, China’s top exchange, OKEx announced halting any further business expansion in the nation to avoid regulators’ wrath. As reported on Twitter by the Chinese Journalist, Colin Wu, this halt has come as an effect of the strict South Korean regulatory policies. Affected by South Korean regulatory policies, OKEx,
Binance’s regulatory woes have now expanded to the US, in what could be its worst regulatory showdown until now. A recent report from Bloomberg highlighted that the US Commodity Futures Trading Commission (CFTC) is now looking into the crypto exchange on allegations of possible insider trading and market manipulation. U.S. authorities are examining possible insider
According to Cuba’s official news agency, Prensa Latina’s reportage, the Cuban Central Bank issued its Cryptocurrency Resolution No. 215 on September 16, which has set off virtual currencies as a legal method of commercial transactions in Cuba, effective immediately. Furthermore, the Bank’s Crypto positive resolution was set forth with the demand that crypto businesses are