The recent Ether price drop showed the reliability and weaknesses of the decentralized stablecoin built by MakerDAO, DAI, and the ecosystem built on it. The recent Ether (ETH) price drop showed the reliability and weaknesses of the decentralized stablecoin built by MakerDAO, Dai (DAI), and the decentralized finance (DeFi) ecosystem built on top of it. […]
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Binance’s decision to re-enter the Chinese crypto market seems to make a lot of sense to many experts operating within this space. In what is being considered a major step forward for Binance, CEO Changpeng Zhao (aka CZ) recently announced that his firm was all set to make its first strategic investment in China since […]
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Is the current fall the start of a new bear market or is this a bear trap? Let’s analyze the charts. The total cryptocurrency market capitalization had repeatedly taken support close to the $250 billion mark since mid-July of this year. However, the recent collapse in crypto markets led by Bitcoin (BTC) has broken the […]
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A hearing with U.S. House Committee and the SEC on Tuesday made clear that everybody wants a crypto regulation program but nobody wants to act first. Yesterday, Sept. 24, Cointelegraph reported from the United States House Financial Services hearing with the chairman and four commissioners of the Securities and Exchange Commission (SEC). The hearing was […]
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Brazilian financial regulators have banned a forex firm that was also offering Bitcoin options. The Brazilian Securities Commission (CVM) has banned a forex broker offering Bitcoin (BTC) options, Cointelegraph Brasil reported on Sept. 25. On Sept. 25, CVM published a public warning of irregular action concerning XM Global Limited through the Superintendent of Market and […]
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Bitcoin price has lost about 16% in the past few days but the overall macro trend remains bullish on multiple timeframes, technical analysis shows. Bitcoin price made a strong downside move yesterday, dropping nearly 16% from the daily open at $9,691 to a new local low at $8,164. In doing so, price broke strong support […]
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The Fold app, a mobile shopping app that supports the Bitcoin Lightning Network, has added a fiat currency payment option following a $2.5 million investment. The Fold app, a mobile shopping app that supports Bitcoin’s Lightning Network enabling users to withdraw funds to an external Bitcoin (BTC) wallet, has raised $2.5 million and added a […]
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Following a partnership with Coinbase in February 2019, SoFi is introducing zero-fee crypto trading on its SoFi Invest platform. California-based financial firm SoFi has added zero-fee cryptocurrency trading to its platform SoFi Invest. According to an official announcement on Sept. 25, crypto trading on SoFi Invest joins the list of previously introduced trading of stocks […]
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Why did the Bitcoin network’s hash rate suffer a mysterious flash crash earlier this week? The Bitcoin (BTC) network’s hash rate suffered a mysterious flash crash on Sept. 23, in a sudden intraday plummet from 98,000,000 TH/S to 57,700,000 TH/s. By press time, levels have recovered back to 92,800,295 TH/S— yet remain shy of their […]
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Customers of Binance can now purchase crypto directly using debit and credit cards via payment processing firm Koinal. Customers of major crypto exchange Binance can now purchase crypto directly using debit and credit cards via payment processing firm Koinal. 2.5% fee for buying crypto from Visa and MasterCard Binance users can now buy crypto using […]
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