Price analysis 5/20: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

Bitcoin (BTC) briefly broke above $24,000 on July 20, but the excitement lasted less than two hours after the resistance level proved more challenging than expected. A positive is that the $24,280 high represents a 28.5% increase from the July 13 swing low at $18,900.According to Yahoo Finance, on July 19, Bank of America published…

Bitcoin traders are getting divisive while BTC price action bides its time as more central bank policy easing is announced.

Whenever Bitcoin (BTC) fails to break through important resistance levels, traders gain confidence and add to their altcoin positions. The logic is that, unless BTC drops significatively, these movements historically provide decent rewards for those shifting their portfolios toward higher risk.Bitcoin/USD at FTX. Source: TradingViewIn the past seven days, the aggregate market capitalization performance of…

Once again, Gibraltar is taking the lead in crypto regulations. 589 Total views 13 Total shares The Gibraltar Financial Services Commission (GFSC) has updated its regulations governing the operation of distributed ledger technology (DLT) providers to include the latest Financial Action Task Force (FATF) rules. The GFSC said this is in response to blockchain’s fast-moving nature,…

Texas’ state securities regulator announced it had reached an agreement with four cryptocurrency companies it accused of selling unregistered securities, according to an order released on Feb. 21.The result of a nine-month process, Mintage Mining, BC Holdings and Investments, Social Membership Network Holding, Nui Social and manager Darren Olayan agreed to refrain from offering cryptocurrency…

The Internal Revenue Service (IRS) removed wording on its website that put game currencies as examples of a convertible virtual currency. This clarification is important as a new tax filing requirement obliges taxpayers to report whether they dealt with virtual currencies.The move was first reported by Bloomberg Tax on Feb. 13. Official guidelines on the…

For the past few months, the blockchain community has been abuzz about the Bitcoin (BTC) halving happening in May. With the backdrop of the ongoing coronavirus pandemic, Bitcoin has been performing extremely well, especially in comparison with commodities such as oil or gold that have traditionally been depended upon as a safe hedge against market…

The malware targets popular crypto wallets frm the likes of MetaMask, Coinbase, and Binance, on macOS operating systems. 

South Korean cryptocurrency exchange Bithumb has established its own research and development (R&D) center.According to an announcement on Jan. 6, the initiative makes Bithumb the first company with a blockchain and cryptocurrency research center in South Korea. Bithumb expressed high hopes for the research center’s impact on the company:“Bithumb will become a leading company in…