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Bitcoin Sell-off Postmortem: Euphoria Exhaustion & FUD Behind Massive Liquidations
19.4.2021
While no one clear reason is apparent for the sharp bitcoin (BTC) correction this past weekend, analysts do not seem to have been surprised, with some finding it "inevitable." For the cause behind the wave of liquidations, that made the sell-off even worse, many cite euphoria depletion...
Chinese Central Bank Calls Bitcoin an ‘Investment Alternative’
19.4.2021
China may be softening its tone on cryptoassets, almost four years after it exacted a crackdown on bitcoin (BTC), altcoins and crypto exchanges, with encouraging remarks from Li Bo, the new deputy governor of the central People’s Bank of China (PBoC).
Li Bo was quoted by multiple media outlets...
Bitcoin, Ethereum and Altcoins Trim Losses, DOGE Rallying Again
19.4.2021
Yesterday, bitcoin price saw a nasty decline of over USD 8,000. BTC even tested the USD 51,500 support before the bulls appeared. It recovered some of its losses and it is currently (04:30 UTC) showing positive signs above the USD 56,500 pivot level.
Similarly, most major altcoins are trimming...
Almost USD 10 Billion Liquidated Amid Sunday Selloff In Crypto Market
18.4.2021
USD 9.9bn worth of trading positions in the crypto derivatives market were liquidated in the past 24 hours as the crypto market experienced a sharp selloff on Sunday.
More than USD 5bn of them are positions in bitcoin (BTC).
At around 03:00 UTC, BTC dropped from USD 59,000 to below USD 53,000,...
Dunamu Nasdaq Listing ‘Could Raise USD 17.9B’ – Analysts
17.4.2021
South Korean analysts are continuing to debate the market value of Dunamu, the operator of the South Korean market-leading Upbit crypto exchange – as talk of the company seeking to make a listing bid on an American stock market intensifies.
As previously reported, industry insiders claim that...
Ukrainian MPs Want to Jail People Who Don’t Disclose Crypto Holdings
16.4.2021
The Ukrainian parliament has voted in favor of a bill that proposes to hit people hiding large crypto holdings with lengthy jail terms.
Per an official document from the Verkhovna Rada, the nation’s parliament, the bill passed with a majority of 283 votes, but will now return to the committee stage...
Gaming Giant WeMade Wants to Buy Bithumb – Report
16.4.2021
Another South Korean gaming giant has been linked with a possible deal to take over Bithumb, one of the country’s biggest crypto exchanges.
Per a report from Chosun, WeMade, the firm behind the Legend of Mir series, is the latest to express an interest in buying a stake in the crypto trading...
Bitcoin Hashrate Drops After China Coal Mine Explosion; Difficulty at ATH
16.4.2021
A coal mine explosion in Xinjiang, an autonomous region of China, may have led to a Bitcoin (BTC) hashrate drop at a time when Bitcoin mining difficulty went for a new all-time high.
Primitive Ventures co-founder Dovey Wan said that there was a coal mine explosion in northwest China's Xinjiang...
Miami-Dade Residents Might Be Able Pay Taxes With Crypto
16.4.2021
A new proposal by Danielle Cohen Higgins, County Commissioner of District 8 from the Miami-Dade county in Florida, US, calls for the establishment of a task force to look into the possibility of enabling residents to pay their taxes in cryptocurrency.
Should the proposal go through, local...
Turkey Bans Crypto Payments
16.4.2021
Turkey’s central bank banned the use of cryptoassets in payments as they entailed significant risks due to volatile market values, irrevocable transactions and are used in illegal actions, Reuters reported.
Also, the bank said that these assets were “neither subject to any regulation...
Ethereum Breaks USD 2,500, DOGE Doubles while Bitcoin Consolidates
16.4.2021
Bitcoin price corrected lower from the USD 64,900 zone. BTC broke the USD 63,000 support, but it is holding gains above the USD 62,000 level. It is currently (04:00 UTC) showing positive signs and it might start a fresh rally above USD 64,000.
Besides, most major altcoins are trading in a bullish...
More S Korean Exchange Customers in Nervous Hunt for their Crypto
16.4.2021
The South Korean media is carrying more reports of crypto exchanges delaying their clients’ withdrawal requests – and in some cases failing to respond to the customers altogether as investors’ worries about the security of their funds intensify.
As previously reported, crypto holders with tokens...
Russian Finance Ministry, Central Bank at Loggerheads over Crypto Tax - Report
15.4.2021
The Russian Ministry of Finance and the nation’s Central Bank are still at odds over crypto tax laws, per a local media report.
According to Interfax, an anonymous “source familiar with the talks” between the two parties, who must forge the nation’s crypto policy, “cannot agree” on a number of...
BTIG Gives Coinbase a Buy Rating, Inverse Bitcoin ETF, XRP ETP + More News
15.4.2021
Source: iStock/Photographer, Filmmaker, Designer
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Global financial services firm BTIG analyst Mark Palmer gave Coinbase a buy rating...
Blackrock CEO says crypto 'may become a great asset class' but is no substitute for currency
15.4.2021
Larry Fink said he hadn't been seeing great institutional demand for crypto within Blackrock's circles
As Bitcoin's Taproot Nears, Ex-CIA Director's Paper Raises Privacy Concerns
15.4.2021
Source: Adobe/wip-studio
As a major privacy-related Bitcoin (BTC) upgrade took another step forward, the Cryptoverse is abuzz over a paper written by a former acting director of the US Central Intelligence Agency (CIA). But besides reaching a positive conclusion for BTC, the paper also highlights...
Interest in Coinbase Spikes Upon Direct Listing; Now a Top Finance App
15.4.2021
The interest in the major crypto exchange Coinbase has spiked on the day of the direct listing of its shares, while it's now among the top financial apps in the US - also standing relatively high among all apps as well.
As it's well-known by now throughout the Cryptoverse and beyond, Coinbase went...
Bitcoin Consolidates, Ethereum Extends Gains, DOGE Inches Higher
15.4.2021
Bitcoin price remains in a bullish zone and it extended its rise above USD 64,000. BTC traded to a new all-time high near USD 64,900 before it corrected lower. It is currently (04:00 UTC) consolidating gains and it might start a fresh increase above USD 64,000.
Besides, most major altcoins...
S Korean MPs Seek to Ban Crypto Felons from Returning to the Industry
15.4.2021
Convicted South Korean crypto criminals should be barred from re-entering the domestic crypto market, lawmakers have stated – as politicians continue what they have vowed will be a “crackdown” on irregularities in the industry.
Per the media outlet Weekly Today, the influential MP Lee Jung-mun,...
Bitcoin Miners Might Solve Ukraine’s Energy Spending Woes
14.4.2021
Cooling towers at Zaporizhzhia Nuclear Power Station. A financial expert has explained the logic behind the Ukrainian state’s recent nuclear-powered crypto mining push – claiming that the nature of the mining industry makes it an ideal partner to use up surplus power from the country’s nuclear...