The recent price trend of Bitcoin indicates an Elliot Wave pattern forming, which traders say could result in a major correction. The short-term trend of the Bitcoin (BTC) price since its drop to $3700 shows an Elliot Wave pattern forming on lower time frames. While the pattern can reverse to a bullish trend, the declining […]
Continue Reading
Binance, the world’s largest crypto exchange, has announced 100 new hires despite the ongoing economic downturn. While global unemployment continues hitting new highs amid the coronavirus pandemic, the cryptocurrency industry is stepping in to shelter job losses, with some of the biggest companies in the space announcing their intention to hire new employees. Binance, the […]
Continue Reading
Crypto exchange ShapeShift allows United States-based customers to buy BTC with a debit card in the new exchange’s platform. Switzerland-based crypto exchange, ShapeShift, has enabled its United States-based customers to buy Bitcoin (BTC) and Ethereum (ETH) with a debit card in the new exchange’s platform. ShapeShift’s founder, Eric Voorhees, announced the development in a tweet […]
Continue Reading
Once the go-to place for crypto and blockchain firms, is the “blockchain island” of Malta being hollowed out? It seems that Malta is becoming both less popular among and less populated with crypto firms. The European Union country attracted dozens of industry players in 2018 on the back of the “blockchain island” agenda championed by […]
Continue Reading
Bithumb Global, the international platform of South Korea’s top crypto exchange, has rolled out margin trading with 5x leverage for Bitcoin and Ether trading pairs with Tether. Bithumb Global, the international platform of South Korea’s top crypto exchange, has rolled out margin trading with 5x leverage for Bitcoin (BTC) and Ether (ETH) trading pairs with […]
Continue Reading
Top crypto exchange Binance has hinted that it will soon be launching Bitcoin options trading. Top crypto exchange Binance has hinted that it plans to launch Bitcoin (BTC) options trading. Two tweets — via the exchange’s official handle and CEO Changpeng Zhao (“CZ”) — posted on April 3 revealed “testflight leaks” and a screenshot of […]
Continue Reading
A Chinese financial regulator has warned domestic investors that off-shore cryptocurrency exchanges engage in manipulative practices. The National Internet Finance Association of China (NIFA) warned investors that cryptocurrency exchanges located outside of the country are engaged in manipulative practices on April 2. The People’s Bank of China (PBoC)-affiliated regulator cautioned investors that many off-shore exchanges […]
Continue Reading
Messari, a major blockchain and crypto research company, argues that there is a weak correlation between total tokens staked and price return. As cryptocurrency markets are highly volatile, crypto players can’t stop arguing about what really impacts the price of certain coins and what does not. Some crypto pundits believe a larger amount of tokens […]
Continue Reading
Binance Research has found a correlation between Bitcoin and US equity indexes in the first quarter — but predicts it won’t last for long. In a new report Binance Research found a ‘moderate’ positive correlation between Bitcoin and US equities during the first quarter of 2020 — but neither was correlated to gold. Bitcoin was […]
Continue Reading
The Bitcoin price spiked from $6,900 to $7,300, liquidating $90 million on BitMEX and Bitfinex alone. The Bitcoin (BTC) price spiked from $6,900 to $7,300 across major cryptocurrency exchanges, liquidating $90 million on BitMEX and Bitfinex alone. While several traders anticipated the Bitcoin price to see a strong upsurge as it breaks out of the […]
Continue Reading