Cryptocurrency

Shares of MicroStrategy (MSTR), a business intelligence firm with considerable exposure to Bitcoin (BTC), declined sharply on Monday, as profit-taking ensued following a parabolic rally over the past month.  The stock touched an intraday low of $464.51 in New York trading, representing a decline of almost 13%. It would later pare losses to trade around

China’s efforts to develop a centrally-issued digital currency took a leap forward on Sunday as the state-owned Agricultural Bank of China launched the first digital yuan ATMs. Customers at select branches within the Shenzen region have reportedly begun spending and converting the digital yuan they received as part of China’s “red envelope” lottery, which saw

2021 got off to a quick start and the current crypto bull market has seen assets like Bitcoin (BTC) and Ether (ETH) shoot to new all-time highs on an almost daily basis.  While new price highs are positive for investors, they do present a range of challenges relating to fees, transaction speeds and the centralization

According to data from CryptoQuant, miners appear to be selling large amounts of Bitcoin (BTC). Historically, heightened selling pressure from miners marked a local top and led to sharp, prolonged corrections. BTC/USDT 1-hour chart. Source: TradingView.com Why are Bitcoin miners selling? In May 2020, on-chain analyst Willy Woo said that there would be two sources

The blockchain industry shrugged off the craziness of the 2020 pandemic, with many companies thriving in the “remote” working environments brought about by COVID-19. Almost $700 million in mergers and acquisitions took place in 2020 across 83 transactions. That’s the largest number ever and a sizeable increase from the previous record of 69 M&A transactions

In a largely celebratory community call devoted in part to commemorating lending protocol Aave’s January 8th “Aaveversary” — a full year of Aave on Ethereum mainnet — there was also a look into Aave’s possible future: a proposal from Delphi Digital seeking to fundamentally alter Aave’s Safety Module and create a new insurance product offering. 

After a wild, up-and-down 2020 that saw Sushiswap become the largest decentralized exchange (DEX) by liquidity at two different points, the decentralized finance (DeFi) platform has released a wildly ambitious project roadmap for 2021. Key forthcoming developments include multiple examples of some of the most complex and advanced functionalities in the DeFi space, including a

Bitcoin (BTC) mining difficulty is set to rise by roughly 11% on Jan. 9, according to data from BTC.com. This marks the biggest increase in nearly four months that will put the metric over 20 trillion for the first time ever.  “Hashrate is on a tear!” commented popular pseudonymous Bitcoin trader hodlonaut three days ago.

Bitcoin price has re-established the $40,000 level as support but as bull push toward a new all-time high the possibility of another sharp sell-off looms. According to analysts at Material Indicators, a crypto analytics company, mega-whales sold off steeply when Bitcoin hit $40,000 on Jan. 7. This led to a quick 10% drop to the

As the price of gold plunged on Friday, CNBC’s Jim Cramer said the rise of crypto may partly explain the sudden disinterest in the precious metal — a potential sign that the mainstream has flipped the script on Bitcoin (BTC) and digital assets.  When asked why gold isn’t rallying amid the political chaos on Capitol

Bitcoin (BTC) is not far from a blow-off top price implosion but investors are “aggressively” buying the dip. Speaking to Cointelegraph on Jan. 8, popular analyst filbfilb revealed that Bitcoin was due a corrective phase given the pace of recent gains. filbfilb: I don’t think we’re far from blow-off top On Thursday, BTC/USD exceeded $40,000

The strength of Bitcoin’s (BTC) uptrend appears to be growing as the top-ranked digital asset soared above $40,000 earlier today. It’s probably safe to say that many investors are completely astounded by the fact that BTC has doubled its value only a month after breaking through the $20,000 mark. This suggests that the buying has continued

When the Securities and Exchange Commission gave its blessing to social media platform IMVU to launch VCOIN, it was a major leap forward for acceptable scope of crypto applications.  The implications for what sorts of projects the SEC considers a security are, in and of themselves, huge. But part of the appeal of VCOIN to

Brian Brooks, the acting head of the U.S. Office of the Comptroller of the Currency and former chief legal officer to Coinbase, has warned against the Consumer Financial Protection Bureau receiving the right to grant “Fintech Charters.” Earlier this week, the CFPB’s Taskforce on Consumer Financial Law published a report featuring 102 policy recommendations intended

The price of Cardano (ADA) rose more than 100% in the past week as it overtook Bitcoin Cash (BCH) to become the world’s sixth-largest cryptocurrency by market capitalization. There are two major factors behind ADA’s strong upsurge throughout the past several weeks. First, most major cryptocurrencies saw large rallies following BTC’s uptrend to $36,400 and

With just two weeks left in office, President Donald Trump has sent out a new executive order targeting Chinese payment apps.  The Tuesday order bars United States citizens or people located in the U.S. from using nine Chinese payment apps. It continues the White House’s earlier efforts to cut off the U.S. market from Chinese-owned apps like

Senator Kelly Loeffler, formerly the CEO of Bitcoin (BTC) futures exchange Bakkt, will not be returning to Washington, at least not as a legislator.  According to AP News on Jan. 6, Democratic candidate Raphael Warnock has won one of the tightly contested runoff elections in the Southern state of Georgia.  The runoff elections have been

As the crypto bull market continues to gain traction, the price of Aave’s native token, (AAVE), is pushing toward new all-time highs. The growth of the decentralized lending platform appears to be bolstered by improving fundamentals, steady growth in the total value locked on the platform, and the creation of a DeFi based crypto-collectibles token

Today, cryptocurrency data aggregators are tasked with being the first point-of-contact for newbies entering the space and also providing up-to-date information to experienced users. While the COVID-19 pandemic has caused a global economic downturn, the crypto industry is booming. Previously skeptical investors have started to test the waters, and data providers are dying to make

Major U.S crypto firms are rallying against FinCEN’s proposed regulations that would force businesses operating with crypto to gather information on the identities of non-customer counterparties. A Jan. 4 letter from Jack Dorsey, CEO of financial services firm Square takes aim at the proposal for seeking to impose reporting obligations that go “far beyond what

Monday evening, the Treasury’s Office of the Comptroller of the Currency told national banks that they are allowed to run independent nodes for distributed ledger networks. Referring to of independent node verification networks, the OCC’s interpretive letter says that banks “may use new technologies, including INVNs and related stablecoins, to perform bank-permissible functions, such as

Leading crypto fund manager Bitwise Asset Management reached a major milestone in the fourth quarter, as inflows into its products surged to new record highs, underscoring heightened institutional demand for digital assets.  The firm’s assets under management, or AUM, surpassed $500 million, according to a Monday press release. That’s a considerable increase from the $100

With the crypto market making a crazy comeback this year, an increasing number of casual investors all over the world are beginning to understand the potential that blockchain technology possesses. For example, over the course of 2020, decentralized applications gained a remarkable amount of traction, with the total locked volume across all decentralized exchanges rising

Catherine Coley, CEO of major crypto exchange Binance’s U.S. arm, sees the current Bitcoin bull run as a sign the crypto asset could reach a price up to $100,000. Speaking to news outlet KLTA yesterday, Coley said the recent rally in the price of Bitcoin (BTC) — moving from $19,000 to more than $34,000 in

The Theta Network is a protocol that enables users to watch digital content, like esports, using the blockchain. The protocol’s native token THETA rose by 180% from $0.867 to $1.92 within two weeks between Dec. 20 and Jan. 2 to outperform even Bitcoin (BTC), which continues to soar to new price discovery highs. THETA/USDT 1-day candle

A new bill filed on Thursday, H.R.9067, seeks to create an office that will “coordinate” federal applications of blockchain technology.  Sponsored by Rep. Darren Soto, a Democrat representing Florida’s 9th district, the bill would “establish an office within the Department of Commerce to coordinate all non-defense related deployment and activities related to blockchain technology within

A recent tweet from Dash’s official Twitter account has invited criticism that the cryptocurrency, which once advertised its privacy features, is wilting in the face of possible regulatory scrutiny.  On Jan. 1, the US-based Bittrex exchange announced in a tweet that it would be delisting Monero, Zcash, and Dash: #Bittrex Customers: The $XMR, $ZEC, and

Bitcoin (BTC) passing $30,000 and hitting highs of near $31,000 has caused huge pain for traders betting on a bearish pullback. Cryptocurrency market overview. Source: Coin360 Data from Cointelegraph Markets, Cryptometer and TradingView confirmed that as BTC/USD peaked at $30,960 on Jan. 2, it liquidated $100 million of shorts. BTC shorters feel the burn… again

Bitcoin price claimed another all-time high on Friday, this time against gold, offering further confirmation that demand for digital assets is on the rise.  As Bitcoin (BTC) zipped past $29,000 on Friday, the digital currency reached a high of 15.40 gold ounces, surpassing the previous peak from December 2017, according to MarketWatch data. Bitcoin priced in

2020 was the most important year for the crypto derivatives market so far. Both Bitcoin (BTC) and Ether (ETH) derivatives steadily grew throughout the year, with their futures and options products available across exchanges such as the Chicago Mercantile Exchange, OKEx, Deribit and Binance.  On Dec. 31, Bitcoin options open interest reached an all-time high