Bitcoin (BTC) kept traders guessing later on Aug. 18 as one forecast said that a $40,000 dip would be the “most obvious” next move. BTC/USD 1-hour candle chart. Source: TradingView.com $37,000 is last chance saloon for BTC Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged around the $45,000 mark on Wednesday,
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In a newly published Medium piece titled “Good stablecoins, a protocol for money, and digital wallets: the formula to fix our broken payment system”, Facebook’s crypto pioneer David Marcus shared his views on topics of economic inequality, regulatory challenges and Novi’s proposed stablecoin solution. Marcus has spent the last couple of years building Diem’s crypto
The CEO and founder of one of the world’s largest independent financial advisory organizations, the deVere Group, has stated that Ethereum’s price appreciation should continue to beat Bitcoin’s in 2021. The deVere Group chief executive Nigel Green also believes that Ethereum’s value will exceed that of Bitcoin’s within a few short years. “Ethereum is outperforming
A Bitcoin (BTC) mining indicator that has preceded several major BTC price rallies is flashing again. Blockchain analytics platform Glassnode spotted a golden cross between the 30-day and 60-day moving averages of Bitcoin’s hash ribbon. In theory, such a crossover indicates that the price momentum is switching from negative to positive. Bitcoin hash ribbons. Source:
The marketwide sell-off on May 19 triggered a 55% decline in the price of Bitcoin (BTC), and altcoins were hit even harder, with some tokens seeing declines of up to 90%. One project whose native token price appears to have bottomed out after an 87% decline from its all-time high is Verasity, an e-sports-focused blockchain protocol focused
Ethereum trends show it’s becoming more valuable as ETH 2.0 draws near. Thus, institutional investors are clamoring to get in on the action before it is too late. A signal for this has been ETH Futures have been trading at a higher basis premium than BTC Futures on CME. ETH Futures have continuously traded at
President Vladimir Putin has tasked several ministries and the central bank to prepare to verify information provided by government employees about their digital asset holdings. The order comes as part of a new plan to combat corruption which was recently approved by the Russian leader. Authorities to Inspect Crypto Disclosures Filed by Russian Officials as
The cryptocurrency market once again entered a period of uncertainty on Aug. 18 as the price of Bitcoin (BTC) struggled to find momentum below $46,000 and large-cap altcoins pulled back slightly. Several projects did manage to buck the trend and post double-digit gains thanks to cross-chain integrations and protocol upgrades that excited their respective communities
Zachary Kelman, the general counsel for Cointelegraph, said that the political fight over the tax implications for crypto in the infrastructure bill is nothing new, as it’s likely about how lawmakers plan to pay for everything. In an interview with Cointelegraph’s Jackson DuMont, Kelman claimed that Senators pushing the crypto language in the infrastructure bill
In financial markets, the uneven distribution of information comes hand-in-hand with theuneven distribution of economic power. The cryptocurrency market is no exception and oftentimes those with insider knowledge or access to industry-grade data intelligence tools can put their digital assets to work in ways the everyday retail investor could never do. Still, regular traders can
The rise of decentralized finance, or DeFi, could be paving the way toward a fully decentralized financial ecosystem. Yet, given the innovative nature of DeFi, the sector remains in constant development and is therefore prone to a number of vulnerabilities. Unsurprisingly, one of the biggest challenges currently facing the DeFi sector is security threats. This
As Bitcoin shows bearish signs, on-chain activity suggests Ethereum could be on the way to reach its all-time-high before BTC. Ethereum To Reach Its All-Time-High Price Earlier Than Bitcoin? As pointed out by CryptoQuant CEO Ki Young Ju in a post, indicators could suggest ETH will reach its ATH quicker than BTC in the long
Ethereum has been slowing down on its bullish momentum. The second cryptocurrency by market cap trades at $3,066 with a 4.2% loss in the daily chart. ETH moving sideways in the daily chart. Source: ETHUSD Tradingview After two weeks of profits and an incredible rally from the low at $2,000, mostly driven by the implementation
press release PRESS RELEASE. Crown Sterling’s Crown Sovereign token (CSOV), the world’s first quantum-resistant digital asset, will be listed on Bitcoin.com Exchange in late September. This represents a milestone for both parties, one where Crown Sterling’s (CSOV) token will be listed on one of the world’s leading exchanges, while the Bitcoin.com Exchange team will be
The football ecosystem has stepped up its adoption game as more clubs continue to involve crypto in mainstream operations. Netherland-based top tier football club PSV Eindhoven has partnered with a local crypto trading platform, Anycoin Direct, which will pay the club an undisclosed amount of Bitcoin (BTC) in a new sponsorship deal. According to the
Former United States Treasury Criminal Investigator Greg Monahan joined major cryptocurrency exchange Binance to oversee the company’s international Anti-Money Laundering (AML) efforts, the exchange announced on Aug. 18. Before replacing Karen Leong as the global money laundering reporting officer at Binance, Monahan worked for the U.S. Treasury for almost 20 years as a member of