Ethereum hits $3.2K, surpassing Bank of America market cap

Michael Burry, the investor who famously shorted the 2008 housing bubble, has dumped nearly all the stocks in his portfolio during Q2, suggesting there may be carnage ahead for stock and crypto markets. According to a 13F disclosure filed with the Securities and Exchange Commission (SEC) on Aug. 15, Burry’s hedge fund Scion Asset Management…

The cryptocurrency market is showing signs of progress following a multiday sell-off that saw the total market capitalization drop by more than $400 billion as Bitcoin's (BTC) price briefly fell below $46,000. While the majority of altcoins have entered a consolidation phase that includes a retest of underlying support levels, several projects have started to regain…

The founder and CEO of United Kingdom-based digital banking app Revolut publicly denied allegations of a money laundering breach and negligence by the company in a blog post Mar. 1.The latest in a series of publicity disasters to afflict Revolut, as U.K. newspaper the Telegraph last week alleged that executives had deliberately decommissioned Anti-Money Laundering…

Sunday, Jan. 13 — all the top 20 cryptocurrencies are seeing slight to moderate losses in the 24 hours to press time. Bitcoin’s (BTC) price has fallen below $3,600 again, according to Coin360 data.Market visualization from Coin360At press time, Bitcoin is down over 2 percent on the day, trading at around $3,568. Looking at its weekly…

JPMorgan Chase (JPM) thinks the Bitcoin (BTC) industry has changed considerably since 2017, citing an increase in institutional interest, Bloomberg reported on June 15.The publication quoted a report led by managing director of global market strategy of the United States’ largest bank, Nikolaos Panigirtzoglou, in which researchers examined recent phenomena surrounding cryptocurrency exchanges.As Cointelegraph reported,…

The possible new funding would bring the Utah-based crypto tax automation provider to a valuation of $1 billion or above. 67 Total views 1 Total shares The United States-based cryptocurrency tax software developer TaxBit is reportedly looking for new funding at a valuation of $1 billion or more, which would make it a unicorn startup.According…

Bitcoin (BTC) stayed below the $33,000 mark on July 9 with a fresh price dip also putting an end to altcoin strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price flips $33,000 supportData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged below a previous support level into Friday.Earlier in the week, $33,000 saw multiple…

The State Duma of the Russian Federation has deferred consideration of the bill “On Digital Financial Assets” to April 2019,  local media outlet TASS reported on March 20.The second reading of the draft federal law “On Digital Financial Assets” has reportedly been rescheduled for April, following a decision made at the morning voting on the…

Solana (SOL) still has room to fall in the near term, but SOL/USD can rally 5,000% if it follows in the footsteps of its top rival Ethereum. That Ethereum 2018 fractalSOL risks dropping to $15 on anticipations it would behave like Ethereum during the market crash in 2018.Notably, Ethereum's native token Ether (ETH) price fell to…