BTC reclaims $100K but weekly chart forming ‘bearish engulfing’ candlestick
Bitcoin briefly dipped below $100,000 after hawkish comments from the US Federal Reserve, with an analyst suggesting its price is forming a bearish pattern on the week.
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Binance.US says user funds ‘remain safe’ amid SEC attempt to freeze assets
The U.S.-based exchange said it is “fully operational” and called the Securities and Exchange Commission’s motion “unwarranted.” 309 Total views 2 Total shares Crypto exchange Binance.US has attempted to quell possible unrest from its users following a motion from the United States securities regulator seeking to freeze its assets “on an expedited basis.”In a June…
Keeping Your Assets Safe — Crypto Insurance May Soon Become the Norm
If the crypto sector is to attract more institutional investors, it will need to provide more insurance solutions. This point was driven home anew with the recent news that the Gemini crypto exchange has launched a captive insurance company, Nakamoto Ltd., to insure its Gemini Custody business for up to $200 million — reportedly the…
Barclays May Be Ending Work With Coinbase, Transactions in GBP to Slow
British banking giant Barclays has reportedly cut ties with United States crypto exchange Coinbase.As Coindesk reported on August 13, unnamed industry sources have said that Barclays will no longer be banking for Coinbase, severing a relationship that began when Coinbase opened a Barclays account in March 2018.The news is expected to hit the crypto community…
Payments-focused cryptocurrency Dash now has a bridge to DeFi
A StakeHound collaboration allows Dash holders to earn masternode staking rewards and access DeFi services at the same time. 2201 Total views 22 Total shares Dash (DASH) holders will soon be able to access a wide range of decentralized finance, or DeFi, services through a collaboration with StakeHound.According to an announcement on Oct. 19, tokens…
Former SEC Chairman Jay Clayton joins crypto advisory board
Clayton, who stepped down from the SEC in 2020, joins the regulatory advisory council at One River Asset Management. 206 Total views 2 Total shares Three months after resigning from the United States Securities and Exchange Commission, or SEC, Jay Clayton has joined the advisory board at crypto investment manager One River Asset Management, signaling…
Ether could be heading for $10.5K, says Fundstrat strategist
Ether’s ongoing Proof-of-Stake upgrade combined with its DeFi potential and new all-time high could trigger its price above $10,000, according to one analyst. 1618 Total views 9 Total shares After hitting a new all-time high, the Ether (ETH) price could potentially head to $10,500, according to a strategist at major market research company Fundstrat Global…
Crypto Brokerage Tagomi Makes Shorting Bitcoin and Ether Easier
New York-based cryptocurrency brokerage and trading platform Tagomi allows its users to lend or borrow Bitcoin (BTC) and Ether (ETH) to facilitate long or short trades.Bloomberg Quint reported on Sept. 12 that the exchange aims to make shorting easier by offering immediate access to multiple counterparties from a single platform.The state of shoring in cryptoPer…
Venezuela Sets New Bitcoin Volume Record Thanks to 10,000,000% Inflation
Venezuelans traded more bolivars for Bitcoin (BTC) than ever before last week, but the statistics say more about fiat than cryptocurrency. Yet another Bitcoin volumes record for VenezuelaData from Coin Dance, which tracks trading activity on P2P exchanges Localbitcoins, Paxful and Bisq, confirmed the seven days to July 20 were Venezuela’s biggest on record.During that period,…