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Bitcoin Recorded More Than 30% Decline in Its Value
20.5.2021
The last couple of weeks have proved tough for the cryptocurrency market. Bitcoin (along with other major digital currencies) has plunged in its value, thereby leading to intense speculations about the future of cryptocurrency among investors. Market skeptics warn cryptocurrency investors...
Paxos, Protego & Anchorage Face 'Regulatory Volatility' in US
20.5.2021
American crypto-focused banks are facing a struggle to stay onside after a leading American lawmaker petitioned Michael Hsu, the new Acting Comptroller of the Office of the Comptroller of the Currency (OCC) to “reassess any conditional national trust charters and halt the approval of any additional...
Bitcoin and Ethereum Recovery Faces Hurdles, Altcoins Inch Higher
20.5.2021
Bitcoin price nosedived in the past few sessions and it declined below the USD 35,000 support. BTC even tested the USD 30,000 zone and it is currently (04:30 UTC) correcting higher. It is back above USD 39,000, but the bulls might face hurdles near USD 40,000.
Similarly, most major altcoins...
Saxo Bank Has A New Crypto Offer, Ripple Gets New Partner + More News
19.5.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Investments news
Online trading and investment company Saxo Bank has launched a crypto offering enabling clients to trade bitcoin (BTC)...
Crypto Flash Crash: Recovery, Unavailable Exchanges & Tesla's 'Diamond Hands'
19.5.2021
On Wednesday, what initially appeared as another usual sharp correction in the crypto market, suddenly turned into a less usual flash crash, once again marked by exchange outages and sharp rebound, while professional investors educate newbies, and Elon Musk claims that Tesla has not sold their...
Bitcoin Dives 14%, Ethereum, Altcoins Tumble, Liquidations Near USD 4B
19.5.2021
Bitcoin price failed to keep gains and extended its decline below the USD 40,000 support. BTC broke the USD 38,000 support level and it even spiked towards USD 36,000. It is currently (12:30 PM UTC) recovering above USD 38,000 again, but upsides might be limited above USD 40,000.
Similarly, most...
Another Usual Bitcoin Crash: Bear to Run Short-Term, Bull to Follow It
19.5.2021
The Cryptoverse insiders have tried to identify several causes for the latest bitcoin (BTC) fall that dragged the whole market down and it seems that history and arguments are once again repeating - many are bearish short-term and bullish long-term.
Today, BTC dropped below USD 40,000, and Crypto...
Apparent BlockFi Fat Finger Gaffe Sees Users ‘Credited BTC 701’
19.5.2021
Zac Prince, CEO and Co-founder of BlockFi. Source: a video screenshot, Youtube, Bitcoin Archives
Customers of the crypto lending service BlockFi got considerably more than they bargained for when what appears to have been a clerical error ended up in massive promotional campaign reward bitcoin...
India Will Regulate Crypto as Ban Talk Binned - Report
19.5.2021
Source: Adobe/Patange_R
While the bitcoin (BTC) bloodbath continues on the markets with reports of newer investors panic-selling, glimmers of cheer have appeared in India, where joyful crypto advocates have been welcoming reports that the government may be set to scrap talk of a ban – and instead...
Bitcoin Dives Below USD 40K, Ethereum Breaches USD 3K, Liquidations Soar
19.5.2021
Bitcoin price failed to surpass the USD 46,000 and USD 46,500 resistance levels. As a result, BTC started a fresh decline below the USD 44,000 support. It is currently (04:30 UTC) trading below USD 40,000.
Similarly, most major altcoins are moving lower. ETH failed to clear the USD 3,550 resistance...
South Korean Government Continues to Scale Back Anti-Crypto Rhetoric
19.5.2021
Statue of the Lying Buddha of Miamsa Temple in Naesan-myeon, Buyeo-gun, South Korea. Hong Nam-ki, the South Korean Deputy Prime Minister and the nation’s finance minister, has spoken about government plans to create more opportunities for young people – including on “domestic asset markets.”
In...
Bitcoin bull launches pizza company that doesn't accept crypto payments
18.5.2021
A guy based in New York City who loves Domino's is launching a pizza brand based on a Papa John's event that doesn't accept the crypto he espouses
The Big Tesla Short, Copper Raises USD 50M, Gemini's Waitlist + More News
18.5.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Investments news
Michael Burry, the American hedge manager who famously made some USD 100m for himself by speculating on the 2008 economic...
Another Year, Another Crypto Ban in China - Report
18.5.2021
China has banned financial institutions and payment companies from offering their clients any service involving cryptocurrency, such as registration, trading, clearing, and settlement, Reuters reported, citing a joint statement by three industry bodies.
However, some industry players claim that...
Ethereum Consolidates, XRP Rallies, While MicroStrategy Buys More Bitcoin
18.5.2021
Bitcoin price climbed above the USD 45,500 resistance level. BTC is currently (12:00 PM UTC) showing positive signs and it might move above USD 46,000. If there is a clear break above USD 46,500, the bulls could take control in the near term.
Similarly, most major altcoins are showing recovery...
Top Chess Players To Compete For USD 100K Worth Of Bitcoin
18.5.2021
Source: Adobe/bizoo_n
Forthcoming online chess tournament FTX Crypto Cup is slated to pit the world’s top ten players against each other, allowing the global chess elite to compete for USD 100,000 worth of bitcoin (BTC), provided by the event’s sponsor and crypto derivatives exchange FTX, and...
Weeks Of Sideways Trading Ahead as Bitcoin Newbies Panic Selling to Hodlers
18.5.2021
Bitcoiners are hopeful that bitcoin (BTC) will bounce back stronger following its recent Elon Musk-fuelled price setback – but the likes of Galaxy Digital CEO Michael Novogratz say that choppy waters could be ahead for at least the next few weeks as new entrants are panic-selling.
BTC has had...
Bitcoin and Ethereum Inch Higher, XRP and MATIC Surge
18.5.2021
Bitcoin price remained stable above the main USD 42,000 support zone. BTC is currently (04:30 UTC) recovering and trading above USD 45,000. To continue higher, a decent close above USD 45,500 is a must in the short-term.
Similarly, most major altcoins are slowly moving higher. ETH is stable above...
Square Aims to Raise USD 2B, Bitcoin's Taproot Signal Strengthens + More News
17.5.2021
Jack Dorsey. Investments news
Bitcoin (BTC) bull Jack Dorsey-led payments company Square announced its intention to offer, subject to market conditions and other factors, approximately USD 2bn aggregate principal amount of senior notes. The company said it intends to use the net proceeds from this...
Elongate: Market Rereads Bitcoin FUD Playbook & Waits For The Next Tweet
17.5.2021
Source: a screenshot of a tweet by Elon Musk on April 1, 2018.
The Cryptoverse is hard at work debunking Tesla chief Elon Musk's Bitcoin (BTC) criticism, with many accusing him of narcissism and market manipulation, while some trying to guess what else might be used from the BTC FUD (fear...