Bitcoin chart bull flag is a 'strong bullish setup' — Analyst
Bull flags are historically associated with more upside momentum, but Bitcoin price could still use a catalyst before rallying to new highs.
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The Fed cites worries about stablecoin in its latest Financial Stability Report
The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC. 189 Total views 3 Total shares The United States Federal Reserve Board released its semiannual Financial Stability Report on Monday. The report points to volatility on commodities markets brought on by the Russian invasion of…
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Bitcoin gains 5% to reclaim $20K, eyes first ‘green’ September since 2016
A classic snap of sideways trading action sees the Bitcoin price aim higher, but concerns remain over what happens next. 50 Total views 3 Total shares Bitcoin (BTC) delivered long-anticipated volatility on Sep. 27 as a squeeze higher resulted in a push beyond $20,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price 9-day highs greet tradersData…
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Bitcoin miner OTC balances reach 2-year high — Why it’s a bearish signal
The rising amount of Bitcoin OTC desk balances for miners indicates “significant selling activity” among miners.
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Fidelity to reportedly allow 401(k) retirement savings accounts to invest in Bitcoin
If approved, retirement savers can allocate 20% of their savings portfolio to Bitcoin without the need to open a crypto exchange account. 713 Total views 20 Total shares The United States-based retirement plan provider Fidelity Investments will reportedly allow 401(k) retirement saving account holders to directly invest in Bitcoin (BTC).The new Bitcoin retirement investment plan would…
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Stablecoin supplies and cash reserves in question amid crypto exodus
The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over the past week. 196 Total views 5 Total shares Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT) resulting in its market capitalization falling by 7.8% over the past seven…
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UK FCA wants to include crypto firms in financial crime reporting rules
The U.K.’s financial watchdog wants crypto firms to submit annual financial crime reports to help it cement a data-led approach to regulation. Cryptocurrency firms in the United Kingdom could soon be faced with more extensive Anti-Money Laundering (AML) reporting requirements.In a consultation paper published this month, the Financial Conduct Authority proposed broadening annual financial crime…
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Ripple, Archax debut first tokenized money market fund on XRP Ledger
To kick things off, Ripple’s XRP Ledge will tokenize asset manager asset manager abrdn’s $4.77 billion US dollar Liquidity Fund.
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Winklevoss Twins: Crypto Heralds Something Greater Than Facebook
Tyler and Cameron Winklevoss, Bitcoin (BTC) bulls and founders of the Gemini crypto exchange, say that while Facebook’s secretive crypto project is positive for the industry, ultimately crypto will usher in something greater than the social networking era. The twins made their remarks during an interview with British broadsheet The Telegraph on March 17.The Winklevoss…