2 key Bitcoin metrics signal steady bull cycle — 'No bubble' in sight
The metrics suggest that Bitcoin is unlikely to be overvalued at current levels and its price action is developing “steadily without significant anomalies or sharp jumps.”
Related Posts
Binance cancels registration in the UK amid regulatory scrutiny
Binance’s deregistration with the FCA did not have an operational impact, as it had never done business in the United Kingdom, a regional manager said. 3545 Total views 24 Total shares Troubled cryptocurrency exchange Binance continues to withdraw from major markets amid the ongoing pushback from global regulators.Binance Markets Limited (BML), Binance’s United Kingdom-based subsidiary,…
SEC seeks sanctions against Elon Musk over Twitter purchase
Elon Musk and his various companies are currently facing regulatory scrutiny in Brazil, the European Union, and the United States.
Binance Joins Blockchain Network for Cross-Industry KYC Data Sharing
Top cryptocurrency exchange Binance has partnered with public blockchain protocol Shyft Network as it readies itself to comply with Financial Action Task Force (FATF) regulations.The Shyft Network was designed to provide a decentralized solution for crypto industry players to fulfill global compliance standards, including the FATF’s “travel rule.”In a statement shared with Cointelegraph on Feb.…
Chinese regulators unite forces to crack down on crypto
The Chinese central bank sets up a “coordination mechanism” with state agencies to continue battling crypto. 6198 Total views 25 Total shares The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.The People’s Bank of China (PBoC) officially…
OpenSea implements 0% fees: Nifty Newsletter, Feb 15–21
In this week’s newsletter, read about how eBay’s nonfungible token (NFT) platform launched a new creator smart contract. Learn how OpenSea plans to win back its users from its competitor, Blur, and check out why Yuga Labs was accused of intellectual property (IP) theft over the wolf skull logo. In other news, find out how…
Technology itself is deflationary, Diginex CEO says
Over the years, technology has improved by leaps and bounds, therefore making life more cost-effective and efficient. Such technological improvements, however, may not save citizens money as intended, due to inflationary efforts, according to Diginex CEO Richard Byworth."Technology is just so deflationary on many of our goods and services," Byworth told Cointelegraph in an interview. Diginex…
Alt season is here? DeFi tokens taking on Bitcoin for crypto dominance
With Bitcoin dropping below the $12,000 level and pulling back to $11,400 in the last few days, altcoins also seem to have lost their momentum, even after their impressive gains since the start of 2020. However, some believe that “alt season” is alive and well and that cryptocurrencies still have room to grow, even after…
BREAKING: Meta expands crypto advertisement eligibility on Facebook
The company said it will allow many more crypto and blockchain advertisements on Facebook and Instagram due to expanded eligibility terms. 4390 Total views 67 Total shares Social media and metaverse marketplace Meta has expanded eligibility requirements for running cryptocurrency advertisements on Facebook, giving companies more leeway to market digital asset product offerings.Meta announced Wednesday…