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Amid rising stablecoin inflow, cautious traders fear a dead cat bounce
26.5.2021
Strong hands accumulated Bitcoin throughout last week’s historic correction but BTC’s inability to reclaim the $40,000 level has some traders afraid of a dead cat bounce
Negative funding rates incentivize traders to long Polygon (MATIC) and AAVE
25.5.2021
The funding rate for MATIC and AAVE is currently rewarding traders who are leveraged longs, but it might not last for long
Bank of Korea Seeking Technology to Develop Digital Currency
25.5.2021
South Korea’s monetary policy regulator is taking steps to create its own digital coin. Bank of Korea is now looking for a technology provider to develop a test environment for the project. The news comes after major commercial banks expressed skepticism over their cooperation with domestic...
Crypto Markets Lose Billions, Weak Hands Capitulate, Stablecoin Market Surpasses $100 Billion
23.5.2021
Digital currency markets have shed billions once again, as the entire crypto-economy has been cut down from well over $2 trillion to today’s $1.44 trillion market valuation. Bitcoin was coasting along just above the $38k handle before 9 p.m. (EST) yesterday evening but after that point...
Report: Over 100,000 African Youths Have Participated in Binance’s Crypto Education Initiative
20.5.2021
According to reports, over 100,000 African youths have taken part in Binance’s crypto and blockchain education barely a year after the learning program was launched. Dubbed the Binance Masterclass, the education initiative is aimed at equipping newcomers with basic knowledge about...
Survey: Crypto Traders Predict Ethereum’s ROI to ‘Crush’ Bitcoin’s 2021 Year-End Return
19.5.2021
Bitcoin and a slew of digital assets have seen massive drops in value during the last few days, while the top two leading crypto assets bitcoin and ethereum have been battling for market supremacy. This week, bitcoin’s towering dominance over the crypto economy has dropped to a three-year...
There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 Billion
19.5.2021
For quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, tied to wrapped or synthetic bitcoin projects hosted on Ethereum or...
Happy News for Canadian Traders: BitBuy Offers a Signup Bonus
19.5.2021
Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build...
Brazilians Can Now Bet on President Bolsonaro’s Reelection Bid on FTX
17.5.2021
Crypto derivatives exchange FTX has launched a futures contract that allows Brazilian voters and traders in jurisdictions where the platform is available to bet on the outcome of Brazil’s next presidential election. With health and financial crises looming in the country, Jair...
Summer shorts: NANO price spike gives traders a chance to bet against the rally
15.5.2021
Bearish signals flashed bright red as NANO went on a tweet-induced (but short-lived) rampage. How can traders take advantage of social media-driven crypto rallies?
Bitcoin Whale Count Shrinks- Speculators Assume Trickle Distribution or Possible Address Reorganizations
14.5.2021
The price of bitcoin has seen better days, as the coin’s value hit $59,600 four days ago and then saw the exchange rate tumble to a low of $45,700 per unit on May 12. There have been talks of whales selling coins and data shows that there’s been some large wallet inflows. However...
India’s Central Bank RBI Urges Banks to Cut Ties With Crypto Businesses and Traders: Report
14.5.2021
India’s central bank, the Reserve Bank of India (RBI), has reportedly informally asked banks to cut ties with cryptocurrency exchanges and traders. Some banks in India have limited their exposure to the crypto market and some plan to stop all crypto-related transactions. RBI Asking Banks...
Oh where, oh where have Ethereum bulls gone? Sub-$4K ETH fails to entice traders
14.5.2021
It seems the low funding rate on ETH futures contracts and the recent 96% rally are not enough to convince traders to buy the Ethereum price dip
Bitcoin price fails to build $50K support as traders eye lower levels next
13.5.2021
Time to buy or wait and see? Bitcoin may have further to fall but long-term price trends are still intact
Backlash to Elon Musk’s Bitcoin bombshell as traders start to buy the dip
13.5.2021
Tesla’s decision to suspend accepting Bitcoin as payment has sent crypto Twitter into a frenzy, with some onlookers alleging a 'pump n dump' while others are boldly buying the dip
Globe Listing on AscendEX
12.5.2021
PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the Globe Token (GDT) under the pair USDT/GDT on Apr 22 at 1:00 p.m. UTC. Globe aims to be the global cryptocurrency derivatives...
When all-time high? Bitcoin traders lose confidence as BTC price slumps
12.5.2021
Bitcoin adoption continues to increase but derivatives data shows retail and professional traders are reluctant to build new bullish positions
Hungary to Cut Tax on Crypto Profits in Half, Down to 15%
12.5.2021
The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with...
NFT Traders: ‘Christie’s F***ed up USD 17m CryptoPunks Sale’
12.5.2021
These 9 CryptoPunks were auctioned at Christie's. Source: Twitter/@ChristiesInc
Crypto community members have been left fuming despite another non-fungible token (NFT) sale at the auction giant Christie’s – with some claiming that key players were excluded from the bidding process due to...
Dogecoin price dumps, but whodunnit? Whales, institutions or retail traders?
11.5.2021
Although Dogecoin’s futures volume tripled, the recent 42% price dump appears to be entirely retail-driven