A recent Bloomberg report has revealed that Grayscale Investments seeks to start offering its services to the wider European crypto market. According to the firm’s CEO, Michael Sonnenshein, Grayscale has already started discussing with local partners. Grayscale Already Has A Detailed Plan For Entering Europe’s Crypto Space – Grayscale CEO However, Sonnenshein refused to reveal…
Bitcoin noted a brief plunge under the $39K level but responded with a swift revers on Monday before trapped short positions propelled the rebounds past the crucial $40K. That led to some respite in the altcoin market, though most cryptos retained bearishness on their short-term outlook. Ethereum Classic and Tezos seem to have a massive…
Top on-chain data analytics firm, Chainalysis, has completed an agreement with one of the leading lending banks in the Bahamas (Capital Union Bank) for the latter to launch its virtual asset services. The new partnership is one of the direct benefits of the nation’s adoption of crypto-friendly policies. Industry analysts opine that this partnership will…
BTC kick-started another plunge after failing to overpower the resistance level at $40K. The crypto hovers under $39.5K and 100hourly SMA. BTC/USD 1hr chart shows a bearish trend-line developing with resistance at $39.5K. Bitcoin may witness a massive fall if it closes under $38.8K. Bitcoin launched new downward actions beneath the $40K mark. The crypto…
This latest development sees the relationship between the US Securities and Exchange Commission and spot BTC exchange-traded fund continues to take attention-grabbing turns. However, the outcome stays constant – indefinite delay. An exchange-traded fund (ETF) is a saving vehicle that monitors the performance of assets or an asset. User can diversify their portfolios efficiently without…
Bitcoin has its price actions beyond the support of $39.5K, changing hands near $40,203.20 at this publication. The world’s largest crypto appears weak and more downtrends in the coming few days would translate to dips in the alt marketplace. Solana and Terra traded inside a near-term range. However, SOL exhibited more bullishness. Terra (LUNA) As…
Mexico’s apex bank (the Banxico) has revealed that it plans to launch the digital Pesos within the next three years. While speaking at a senate hearing, the bank’s chief, Victoria Rodriguez Ceja, disclosed that the 3-year period would give the bank the appropriate time to ensure that the national digital currency completes the three money…
The growth rate of the Ethereum network’s fundamentals has been impressive lately. The rising number of validators on the chain in the last 30 days demonstrates this growth. 700% Increase In The Number Of Ethereum Validators In 2 Years Multiple blockchain data shows that Ethereum’s technical performance has been quite impressive. There are nearly 355K…
A top-level executive with one of the leading crypto firms (SatoshiLabs) has weighed in on regulators’ increasing worries over crypto investors’ decisions to move their digital assets. Recently, there has been a huge spike in the number of crypto investors moving their digital assets from centralized exchanges to private wallets. Ban Popularizes Certain Technologies SatoshiLabs’…
Bitcoin traded sideways over the past day after meeting the $41.5K resistance. BTC’s swift climb past $40K had the altcoin market assuming a bullish picture. Meanwhile, Avalanche encountered massive resistance in the $82 region, whereas NEAR and Polkadot presented short-term buying opportunities. Avalanche (AVAX) Avalanche trades inside the $65.5 – $98.8 range. The range’s mid-point…
A group supposedly representing the interest of Russian banks has proposed a crypto-related bill to Russian authorities. The group wants the Russian government to make it a criminal offense for anyone to own private crypto wallets. Even though the financial regulators are set to discuss the idea, industry analysts opine that it is nearly impossible…
Zilliqa shows buying momentum resurgence as the alt gains 14% over the past 12 hours, The upward action emerged after ZIL dropped towards the demand zone of $0.097 – $0.121. A daily candle close under $0.097 will cancel Zilliqa’s bullish thesis. ZIL price action is back in bullish control as the alternative token relaunches its…
It is unarguable that WazirX ranks among India’s top five crypto exchanges. However, multiple reports from local news outlets reveal that the firm is set to move its headquarters from India to Dubai. The news might be credible given that the co-founders have already relocated to Dubai with their families. Implications Of New Crypto Tax…
According to a report from the Economic Times, just a few days after its launch in the country, Coinbase has decided to shut down the Unified Payments Interface (UPI) In India during the weekend. Before its launch in India, Coinbase, which is said to be the biggest cryptocurrency exchange in the United States, regarding trading…
Financial regulators from Texas and Alabama, USA, have issued a cease and desist order to a virtual casino firm after they alleged that it was selling unlicensed securities which represents a fraudulent act. Were They Selling Unlicensed Securities? The two security regulators claimed that Martin Schwarzberger and Finnruben Warnke (co-founders of Sand Vegas casino) had…
Ethereum and Bitcoin lost more than 2.5% within the past one hour as liquidations on exchanges surpassed $120 million. The massive liquidations fueled a bearish thesis among crypto investors. Crypto analysts trust Bitcoin will lose the support of $39,000 while ETH struggles beneath the $3,000 level. BTC and ETH struggle to overcome their closest resistances…
A unique study points out that the developers consider metaverse to be a space that may garner additional fame to sell as well as purchase crypto shortly. The respective study, which is commissioned on the behalf of Agora (an API provider), conducted a survey of the thoughts of nearly 300 developers regarding the metaverse. Agora’s…
Per multiple local news outlets, many Argentines have discovered that they can earn more money through P2P arbitrage and leveraging on exchanges and the market conditions. One of Binance Argentina’s top-level executives, Maximiliano Hinz, revealed a 45% increase in the company’s P2P operations within the past 30 days. Argentines’ New Gold Rush Argentines have discovered…
Panelists explained their bullish stance about BTC during the latest podcast on Bitcoin Sessions. Experts revealed their optimistic attitudes despite the recent dip under the $40,000 mark. While publishing this content, Bitcoin traded at $40,456.45, gaining 0.67% over the past day (Coinmarketcap data). Mark Stephany, the theprogressivebitcoiner founder, briefed his bullish reasons for BTC. Stephany…
One of the Ethereum staking pools, Lido, has announced that it would lower the requirements to become a validator on its platform. Thus, enhancing the decentralization of their platform. Based on the new requirements, anyone can become a Lido validator regardless of the amount of Ethereum they have staked. Furthermore, it would enhance governance on…