November 2020 - Page 54 of 66

OKEx denies rumblings of founder’s criminal detainment, withdrawals still closed

November 6, 2020cashtechnews

After weeks of little information, digital asset withdrawals remain closed on crypto exchange OKEx while the entity denies rumors of arrest of leader. After closing digital asset withdrawals in mid-October, Malta-based crypto exchange OKEx still remains tight-lipped about an unspecified on-going investigation. OKEx claims detainment chatter as simply rumors, although customers are still left without […]

Law Decoded: New administration and the DoJ’s continued flex in crypto, Oct. 30–Nov. 6

November 6, 2020cashtechnews

With the election taking all the air out of the room, we look at what new appointments at the DoJ could mean. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note Are you over the election? I’m over the election. But you can […]

Price analysis 11/6: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV

November 6, 2020cashtechnews

Bitcoin price looks slightly overextended in the short-term and may take a break while altcoins play catch-up. The United States Federal Reserve Chair Jerome Powell recently said that additional fiscal stimulus could result in a stronger recovery. He also emphasized that the Fed had enough tools to support the economy. After the winner of the […]

3 reasons why traders expect Ethereum price to rally above $500 in 2020

November 6, 2020cashtechnews

Following Bitcoin’s bullish move, Ethereum price rallied to $447 and now traders anticipate an uptrend toward $500 and beyond. On Nov. 6, Ether (ETH) price rose to $447 on Binance as Bitcoin (BTC) price pulled back to the $15,500 level after losing steam around $15,900. Based on Ether’s strong momentum, traders anticipate a broader rally […]

Interview: Is the stock-to-flow model flawed?

November 6, 2020cashtechnews

According to crypto analytic firm ByteTree, the popular stock-to-flow model is not a reliable indicator for Bitcoin’s long term price action. The stock-to-flow model is flawed, says Charlie Morris, co-founder and CIO of crypto data firm ByteTree. According to the popular theory developed by quantitative analyst Plan B, Bitcoin’s capped supply is the key feature […]

Bitcoin price nears $16K, but it’s Ethereum that may shine in November

November 6, 2020cashtechnews

After Bitcoin’s strong breakout above $15,000, analysts are looking toward Ether as the market sentiment around Ethereum strengthens. The price of Bitcoin (BTC) is nearing $16,000 after achieving $15,960 on Binance. Following the dominant cryptocurrency’s rally, analysts are now looking toward Ether (ETH). The Ethereum blockchain’s native token has seen heightened momentum in the past […]

CFTC allows ErisX to clear commodities beyond crypto

November 6, 2020cashtechnews

A recent license amendment from the CFTC greenlit ErisX’s expansion into trading product offerings on other commodities. The Commodity Futures Trading Commission, or CFTC, recently approved a license modification for ErisX’s clearing house. The license amendment allows ErisX freedom to offer more trading products. “The significance of the Amended Order is that it expands our licensed […]

Russia’s central bank says the pandemic has accelerated regulators’ interest in CBDCs

November 6, 2020cashtechnews

The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies. The COVID-19 pandemic has served both as an x-ray onto existing vulnerabilities in the global financial system, and as an accelerator for destabilizing tendencies, including higher sovereign and consumer debt in emerging markets. At an online meeting of […]

More crypto regulation is coming, industry execs say

November 6, 2020cashtechnews

After multiple years of heightened legal overwatch, the future may hold much of the same. Over the past few years, regulatory bodies across the globe have increased their scrutiny on the cryptocurrency space, clarifying gray areas while also going after offenders. Although the industry has seen a lot of regulatory action, authorities have not really […]

Bitcoin price gets closer to the last big hurdle before $20,000

November 6, 2020cashtechnews

The price of Bitcoin may see a correction in the short term as one last barrier remains before new all-time highs. While the United States’ election is still undecided, Bitcoin (BTC) is experiencing a major rally, as BTC price nearly reached $16,000 today, the highest level since January 2018. Other asset classes have also been […]

Month: November 2020

OKEx denies rumblings of founder’s criminal detainment, withdrawals still closed

Law Decoded: New administration and the DoJ’s continued flex in crypto, Oct. 30–Nov. 6

Price analysis 11/6: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV

3 reasons why traders expect Ethereum price to rally above $500 in 2020

Interview: Is the stock-to-flow model flawed?

Bitcoin price nears $16K, but it’s Ethereum that may shine in November

CFTC allows ErisX to clear commodities beyond crypto

Russia’s central bank says the pandemic has accelerated regulators’ interest in CBDCs

More crypto regulation is coming, industry execs say

Bitcoin price gets closer to the last big hurdle before $20,000

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