Archiv für März 2021
Breaking Down Coinbase’s Ex-SEC Hire as Crypto Regulations Mount
Cryptocurrency exchange Coinbase announced today that it hired Brett Redfearn, ex-director of SEC’s trading and markets division, to run its capital markets arm. These recent regulatory hires have been nothing new for the crypto space, as governments have continued to enforce stricter regulatory mandates on the industry. Back in February, Binance hired Max Baucus, a…Weiterlesen
Bitcoin Firm as Archegos Fiasco Raises Conflagration Concerns; What’s Next?
Bitcoin prices traded narrowly higher Tuesday as it attempted to offset profit-selling behavior against an ongoing turmoil on Wall Street. The benchmark cryptocurrency surged 0.42 percent to $57,829 ahead of the London morning bell. Its modest gains came as an extension to a bullish session on Monday, wherein the price climbed 3.29 percent. That further…Weiterlesen
Instagram Influencer Scams Followers Out Of Millions In Bitcoin
By the way of network effect, each new market cycle brings more and more attention to Bitcoin. The price per coin rises as more investors pile in looking for a piece of the profits the cryptocurrency is known for providing over the years. At the same time, however, it also attracts more criminals, scammers, and…Weiterlesen
Visa to Accept Cryptocurrencies for Payment Settlements
According to Reuters, Visa announced today that it will begin accepting cryptocurrency USD Coin (USDC) to settle transactions on its payment network. The move by the fintech giant coincides with the growing institutional acceptance of digital currencies. The company has launched a pilot payment program with Crypto.com, and plans to roll out its services to…Weiterlesen
Bitcoin Weekly Forecast: BTC/USD Does Not Want to Move Below $50,000
Last week was suspenseful for Bitcoin. The cryptocurrency market was expecting a super-volatile period as about $6 billion worth of options neared their expiry. Many bears maintained their put options strike rate to near $47,500 — and even tried their very best to crash the bitcoin price to the same level. Nevertheless, bulls went an…Weiterlesen
Bitcoin Bounces as $6.4B in Options Expire, Institutional Buying Slows Down: What’s Next?
The past few weeks have been hard on crypto bulls, as Bitcoin and the broader crypto market continued to sell off. Since reaching an all-time-high of $61,500, Bitcoin plunged 16% in a matter of a few weeks, shedding $100 billion in market capitalization. The major cryptocurrency saw signs of life as Elon Musk’s tweet sent…Weiterlesen
DragonFly Capital Launches $225 Million Crypto Fund
Crypto fund DragonFly Capital announced the launch of a new $225 million fund to invest in projects across the crypto space. Following the success of the original $100 million fund kickstarted in late 2018, the Dragonfly Fund II will target four potential areas: decentralized finance (DeFi) protocols, non-fungible token projects, Ethereum Layer 2-based businesses, and…Weiterlesen
Phemex Distributes 4 Million DOGE on Dogecoin Listing Celebration
Beginning in March, Phemex, the fastest cryptocurrency trading platform introduced DOGE/USD contracts with up to 20x leverage for the first time, and to celebrate, kicked off a giveaway campaign offering 1,000,000 DOGE to the first 5,000 new users. From there, the floodgates opened, and more than 46,000 new users signed up within the first half…Weiterlesen
Bitcoin Bulls Take Control Ahead of $6bn Options Expiry; What to Expect?
Bitcoin retained its intraday bullish bias Friday just ahead of its $6 billion options expiry. In retrospect, options are contracts that give traders the right to purchase or sell an asset at a specified price before a certain expiration date. Data on ByBt.com shows that there is over 100,000 BTC worth of options set to…Weiterlesen
Technical Signals Save Bitcoin From a Brutal Dip; What’s Ahead?
Bitcoin bulls were in for a shock this Thursday as the flagship cryptocurrency “crashed” from $57,209 to as low as $50,305. Many catalysts worked behind the scenes as BTC/USD plunged to its multi-week low. Signs of a recovering job sector, rising interest rates, and nascent inflation spurred rotation from highly-valued pandemic winners — including tech…Weiterlesen