Bitcoin remains in good shape to retest $10K while a BTC price pullback to as low as $7Ks may provide a good opportunity for buyers. The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, is acting inside a narrowing range, still hovering around $9,000. Meanwhile, we’re also seeing a decrease in volume, alongside […]
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11.4 million Bitcoin is held by long term investors, diminishing the tradeable supply to only 20% of the total Bitcoin supply. According to Chainalysis, the vast majority of Bitcoin (BTC) is held as long term investment, with 60% held by licensed custodians. Breakdown of Bitcoin supply. Source: Chainalysis. Digital gold The company concluded that the […]
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The Bitcoin price bulls and bears will be looking to tip the scales in their favor over the weekend as the bullish structure for BTC remains intact. Bitcoin (BTC), the biggest cryptocurrency by market capitalization, is trading at $9,375 representing a 0.2% loss in value in the last 24 hours and the same for today’s […]
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Australia is experiencing a DeFi boom, with leading derivatives project Synthetix joined by buzzy newcomers Thorchain, Ren and mSTABLE. Australia is experiencing a decentralized finance (DeFi) boom, playing host to some of the most talked-about projects in the space. They include longtime DeFi leader Synthetix (SNX), along with the up-and-coming Thorchain (RUNE) along with the […]
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Security token exchanges could prove to be an option for companies that are seeking public funding but can’t partake in the current IPO process. In 1996, there were over 8,000 public companies listed on exchanges in the United States. Fast forward to 2020 and there are only approximately 4,400 — a drop of 46% despite […]
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United States cryptocurrency exchange announced the listing of COMP, the token powering the decentralized lending protocol Compound. United States cryptocurrency exchange announced the listing of COMP, the token powering the decentralized lending protocol Compound. According to a June 18 announcement, COMP trading will start on June 23 at 9 AM Pacific Time if the liquidity […]
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PieDAO has launched its USD++ protocol, comprising a hedged basket of Ethereum-based stablecoins designed to reduce risks for long term DeFi users. PieDAO has launched USD++, a hedged basket of USD-denominated Ethereum (ETH)-based stablecoins. The decentralized organization is aiming to reduce the risks associated with holding stablecoins over the longer term and using decentralized finance […]
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Chris Giancarlo, who as CFTC chairman decreed that both Bitcoin and Ether were not securities, has argued the same for XRP. However he is now at a law firm providing counsel to Ripple, calling the impartiality of such claims into question. Former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo, published an opinion on June […]
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On the surface, Forex and cryptocurrency trading look similar, but the history and functioning of these markets are notably different — we’ll explain how. Which one is right for you? Of course, this is a question that all traders have to ask themselves, but a lot of it comes down to which type of trading […]
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Selling by Bitcoin whales dropped BTC reserves at major exchanges and triggered today’s sell-off to $8,900. As the weekly open commenced Bitcoin price dropped below $9,000 in a rapid pullback, liquidating $30 million in longs on BitMEX alone. According to market data, part of the sell off was the movement of crypto whales closing positions […]
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