Cryptocurrencies news-Page 13
Another ‘strong’ crypto bull run may lie ahead, thinks market analyst Filbfilb
Cointelegraph’s Crypto Trading Secrets podcast has released its fifth episode, featuring Filbfilb — a cryptocurrency analyst and trader popular on Crypto Twitter. The crypto space has seen several bull and bear markets since the industry began with the launch of Bitcoin (BTC) in 2009. Each overarching crypto bull and bear market has primarily hinged on the price action and market cycles of Bitcoin, which makes sense given that BTC is the largest, most established crypto asset. Filbfilb thinks the crypto industry may have another sizable bull market left, according to his interview with host Benjamin Pirus, recorded on Jan. 26. …
Bitcoin / Feb. 14, 2023
Bitcoin price clings to $22K as investors digest the recent SEC actions and CPI report
After twenty days of holding the $22,500 support, Bitcoin (BTC) price finally broke down on Feb. 9. Bullish traders had placed their hope on a sustained rally, but this has been replaced by a tight trading range with resistance at $22,000. The downtrend is even more concerning since the S&P 500 is trading near its highest level in six months, yet the wider crypto market continues to correct. Regulatory pressure, mainly in the United States, can explain Bitcoin's recent lackluster performance. For starters, on Jan. 9, Kraken exchange reached an agreement with the United States Securities and Exchange Commission (SEC) …
Bitcoin / Feb. 14, 2023
3 technical analysis strategies that help confirm winning trades
Cryptocurrency trading has evolved from the perception of simply being a game of chance to a strategic process. Successful traders rely on a combination of technical analysis, specific indicators and metrics to find trades with a high probability of profit. Before explaining the three technical analysis strategies that can help confirm a winning trade, let’s first define the key terms: Technical analysis — is all about analyzing statistical trends, so as long as an asset has historical data, technical analysis can be applied. Technical analysis involves looking at the past trading activity and price variations of a crypto asset, with …
Bitcoin / Feb. 14, 2023
When exchanges aren’t enough: Here’s how traders use extra tools to stay efficient
The constantly growing number of crypto users, despite a year-long bear season, showed that it’s never too late to enter the crypto market. Last year began with less than 300 million active crypto users, and even though the crypto market went through impactful events such as the collapse of the FTX crypto exchange, the crypto community grew steadily, finishing the year with more than 400 million crypto users. Crypto adoption is especially strong in emerging markets, while the Middle East and North Africa (MENA) region experienced a significant uptick, according to Chainalysis’ reports. Source: Statista The ever-growing crypto market directly …
Bitcoin / Feb. 14, 2023
NASDAQ-listed Interactive Brokers to offer crypto trading in Hong Kong
Interactive Brokers, a global brokerage firm with headquarters in the United States, announced the launch of its crypto trading services for institutional clients in Hong Kong on Feb. 14. The crypto trading services were launched in association with OSL Digital Securities, a Securities and Futures Commission (SFC)-licensed digital asset brokerage and trading platform for professional investors. Individuals with more than $1 million (8 million Hong Kong dollars) in investable assets or institutions with almost $6 million (40 million Hong Kong dollars) who are Hong Kong residents can now trade cryptocurrency alongside other asset classes available on the Interactive Brokers platform. …
Blockchain / Feb. 14, 2023
UK FCA to take action against unregistered, illegal cryptocurrency ATMs
The United Kingdom’s financial regulator, Financial Conduct Authority (FCA), is coming for unregistered cryptocurrency automated teller machines (ATMs). THe FCA and the cyber team at West Yorkshire Police have taken action against several sites in and around Leeds city suspected of hosting illegally operated crypto ATMs. Announcing the news on Feb. 14, the FCA emphasized that no crypto ATM operators in the United Kingdom currency have FCA registration. The authority stated that all crypto exchange providers — including crypto ATM operators — must be registered with the FCA and comply with the U.K. money laundering regulations. “Unregistered crypto ATMs operating …
Bitcoin / Feb. 14, 2023
Stablecoins not the target in BUSD crackdown: Matrixport head of research
Crypto financial services Matrixport's head of research believes the recent scrutiny of Paxos and its Binance USD (BUSD) token is not a direct attack on stablecoins themselves. In a Feb. 14 analysis, Matrixport's Markus Thielen suggested that Paxos Trust Company, the issuer of the Binance USD (BUSD), may not have been stringent enough with its oversight of the token. He added that the issue "does not appear to be around stablecoins" in itself. "Paxos had violated its obligation to conduct tailored, periodic risk assessment and due diligence of Binance and Paxos-issued BUSD customers," Thielen argued. On Feb. 13, the New …
Regulation / Feb. 14, 2023
Bakkt sunsets its consumer-facing crypto app to focus on B2B solutions
Digital asset platform Bakkt has announced its plans to shift its focus to B2B technology solutions. The company said it will soon be sunsetting its consumer-facing app, which was designed to give users the ability to utilize their digital assets in different ways. The app, launched in March 2021, offered a user-friendly experience that brought together various digital assets, including cryptocurrencies, loyalty points, and gift cards. Despite the discontinuation of its consumer-facing app, current Bakkt App users will still have access to their crypto and cash holdings through a new web-based platform, available on all devices. According to Bakkt, users …
Technology / Feb. 13, 2023
9 crypto gifts for your Valentine’s Day date
For readers looking for unique, meaningful gifts for their valentine this Valentine’s Day, consider giving a cryptocurrency-related gift. Here are nine options: A cryptocurrency gift card Give your significant other the gift of choice by giving them a cryptocurrency gift card. They can use it to buy food or any digital asset they want, whether that’s Bitcoin (BTC), Ether (ETH) or a stablecoin like USD Coin (USDC). Virtual real estate Readers can buy virtual real estate in the metaverse, such as in Decentraland or The Sandbox, as a unique, romantic gift. Their significant other can build and customize their own …
Decentralization / Feb. 13, 2023
Price analysis 2/13: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, SOL
Bitcoin (BTC) and select altcoins are threatening to deepen their correction after reports emerged that the United States Securities and Exchange Commission (SEC) issued a Wells Notice to Paxos, alleging that the dollar-pegged Binance USD (BUSD) stablecoin is an unregistered security. Separately, Paxos has been ordered by the New York Department of Financial Services (NYDFS) to halt the issuance of BUSD. After the crackdown on Kraken last week and now Paxos, the regulator’s actions may increase nervousness among crypto investors. FOX Business journalist Eleanor Terrett tweeted on Feb. 12 that “more Wells notices going out in the coming 2-3 weeks, …
Bitcoin / Feb. 13, 2023
Crypto mixer Blender has been rebranded to Sinbad, says Elliptic
Blender, the cryptocurrency mixer sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control in May 2022, was “highly likely” relaunched as Sinbad, according to risk management firm Elliptic. In a Feb. 13 report, Elliptic said its analysis of Sinbad suggested that the crypto mixer was likely a rebrand of Blender as well as having “the same individual or group responsible for it.” According to the firm, Sinbad was behind laundering roughly $100 million in Bitcoin (BTC) for North Korea’s hacking group Lazarus. Elliptic said following U.S. authorities cracking down on crypto mixers — as OFAC …
Business / Feb. 13, 2023
ApeCoin leads in NFT and Metaverse market share, but are APE’s hefty staking rewards sustainable?
In January, ApeCoin (APE) had an underwhelming performance compared to metaverse-based tokens like Decentraland (MANA) and The Sandbox (SAND). APE token gained 61% compared to the 90% and 150% respective gains seen in SAND and MANA. The subdued gains can be attributed to the hefty APE staking rewards that is likely creating some selling pressure. An upcoming unlock of around 9% of APE’s circulating supply in March 2023, along with not-so-impressive fundamentals, will add further headwinds for the token. The gains in APE will depend on the success of the blockchain gaming projects in the ApeCoin ecosystem and new partnerships …
Nft / Feb. 13, 2023