Bitcoin price recovery to $62.5K could trigger breakout in TON, AVAX, KAS and XMR
Bitcoin’s recent weakness has pulled several altcoins lower, but TON, AVAX, KAS and XMR look set to move higher.
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Bitcoin price dips to $16.4K over Genesis woes as execs defend GBTC
Bitcoin (BTC) fell to intraday lows after the Nov. 16 Wall Street open as the FTX scandal appeared to claim another victim.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGenesis Trading liquidity "exceeded"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading around $16,400 at the time of writing.Downside had entered again for the pair amid news…
SEC chair’s crypto oversight strategy in question as ecosystems collapse
Congressman Tom Emmer showed concerns about the oversight strategy implemented by Gary Gensler, the chair of the U.S. Securities and Exchange Commission for the crypto ecosystem. 214 Total views 1 Total shares While regulations are often aimed at protecting citizens from bad actors, the effectiveness of crypto regulations in the United States is in question…
3 Key Takeaways From Switzerland’s New Stablecoin Guidelines
Switzerland’s Financial Market Supervisory Authority (FINMA) has published a stablecoin-focused supplement to its existing guidelines for initial coin offerings (ICOs).In a news release published on Sept. 11, FINMA takes note of the steadily proliferating issuance of stablecoins since mid-2018, as well as confirming that the Geneva-based Libra Association had sought an assessment by FINMA for…
WEF 2022: Miami mayor says that Bitcoin can be a global currency
Francis Suarez, the Mayor of Miami, said that he played an “evangelist role” at Davos where he’s teaching people about Bitcoin. 91 Total views 2 Total shares Kristina Cornèr, Cointelegraph's editor-in-chief, sat down with Miami mayor Francis Suarez at the recent World Economic Forum held at Davos, Switzerland, to discuss topics like the role the mayor…
Institutional Bitcoin Trading Volumes See Fourth Month of Growth, Diar Reports
Trading of institutional Bitcoin (BTC) investment products have seen growth for the fourth month running, and are rising against United States-based crypto exchanges as a percentage of total trading volume. The news was revealed in a new report from weekly crypto outlet Diar on April 8.Diar’s data reveals that month-on-month, the percentage that institutional BTC…
Airdrop token prices are crashing — Does Web3 need a new model?
Tokens distributed in airdrops consistently underperform the market. Now, Web3 protocols are exploring new approaches.
Axie Infinity: AXS price risks deeper losses despite 90% drawdown already
Axie Infinity (AXS) has dropped by roughly 90% after peaking out at $172 in November 2021.AXS's sharp correction has made it one of the worst performing digital assets among the top-ranking cryptocurrencies. Moreover, it could undergo further declines in the coming months, according to a mix of technical and fundamental catalysts listed below.Low player count…
VC funds bullish on crypto, increase investment in blockchain startups
Venture capital funding for crypto and blockchain startups looks set to break records in 2021. As previously reported by Cointelegraph, crypto firms received more funding in the first quarter of 2021 than the whole of 2020.Indeed, three companies in the market attracted $1.1 billion from backers in Q1 202 — a third of the total…