Bitcoin 'massive rally' due as buy signal hits for 1st time in a year

Bitcoin (BTC) is knocking at the doors of the key $50,000 level and most traders are still optimistic even after the digital asset rallied 70% from the July 20 low at $29,278 to an intraday high at $49,757.04 on Aug. 21.Monitoring resource Material Indicators pointed to a lot of puts at the $50,000 strike price…

During a recent AMA, Cardano’s Charles Hoskinson described cryptocurrency as inherently political, urging the crypto community to rally against efforts to stifle the space. 1319 Total views 33 Total shares Charles Hoskinson, the creator of Cardano (ADA), has described participating in cryptocurrency as an inherently political act.Speaking during an impromptu ask-me-anything on YouTube, Hoskinson asserted…

The U.S. is currently working on stablecoin market regulations, introducing three drafts of the bill by the first week of June. 378 Total views 2 Total shares The Hong Kong Monetary Authority (HKMA) has completed a public consultation on stablecoin regulations and aims to introduce clear regulatory guidelines for the stablecoin market by the end of…

With 11 megalopolises and three currencies, Guangdong, Hong Kong and Macao make up a region that is ripe for CBDC research. 163 Total views 2 Total shares British multinational bank Standard Chartered and PwC China have teamed up to produce a white paper on applications for central bank digital currency (CBDC) in the so-called Greater…

Fintech and regulation experts have said the United States needs to wake up to China’s proactive pursuit of a central bank digital currency.A Fortune report published on Nov. 1 pointed to the fact that digital currency looks poised to play an increasingly important role in the standoff between the two superpowers. China making “very large macros…

Sydney police have arrested an Australian woman for allegedly running a crime syndicate using Bitcoin to launder $3.23 million since 2017. 3372 Total views 46 Total shares An Australian woman was arrested by police at a Sydney shopping centre on May 1, after allegedly selling Bitcoin (BTC) for 60,000 Australian dollars ($38,800) in cash. According to…

"No matter how much BTC fans want to pretend that it’s a hedge against doomsday scenarios, it is not." 4523 Total views 14 Total shares Mark Cuban, the billionaire who once said that bananas are a better medium of exchange than Bitcoin, has doubled down on his view that the asset is more like a…

“How much they spend at the grocery store” isn't relevant to the SEC's ongoing XRP securities lawsuit, argues the legal team for Bradley Garlinghouse and Christian Larsen. 4216 Total views 17 Total shares Ripple executives Bradley Garlinghouse and Christian Larsen have rejected demands by the United States Securities and Exchange Commission to provide personal financial…

No matter if one analyzes Ether's (ETH) longer-term or weekly time frame, there is little hope for bulls. Besides the negative 69% year-to-date performance, a descending channel has been pressuring the ETH price while offering resistance at $1,200.Ether/USD 4-hour price index. Source: TradingViewRegulatory uncertainty continues to weigh down the sector. For example, Starling, a digital…