Posts

Coinciding with this, Binance Holdings Ltd. has gained in-principle authorization from Bahrain’s central bank to operate as a crypto-asset service provider in the country, according to a statement from the firm. Changpeng “CZ” Zhao, the chief executive officer of Binance, the world’s largest cryptocurrency exchange by trading volume, stated the company is currently working through the application process in its entirety, adding that the project will be finished “in due course....

For the second time in two weeks, Bitcoin reached the $50,000 mark last week, extending the climb that has put the May selloff in the rearview mirror. Despite the fact that the largest cryptocurrency is notorious for its volatility, gains may have been lost in the surge of rising prices throughout the whole asset class Bitcoin is currently trading at $51,781, up 3.66% in the last 24 hours up 7....

Palihapitiya stated that the risks are a result of several challenges affecting the cryptocurrency sector, mainly the lack of regulations, he said during a recent episode on his All-In podcast. He warned that the risks could negatively impact Bitcoin’s future if something is not done now from a regulatory perspective. According to Palihapitiya, Bitcoin needs to have a common set of parameters like the ability to monitor risks around the asset....

The notable rebound by the flagship digital asset saw the cryptocurrency climb back above the crucial $40,000 levels as industry experts feared a collapse below $38,000 could see Bitcoin drop to $32,000 and even a further collapse below the $30,000 threshold. With the cryptocurrency’s current price hovering just over $41,700, popular crypto trading expert Ali Martinez has predicted following the asset’s daily close finishing above $40,800 indicates that the BTC is on pace to revisit $45,000 and could even reach $50,000 in the near future....

Specifically, the total supply of Bitcoin on exchanges currently stands at 2.4 million BTC, which at press time was worth roughly $94 billion, dropping from the 3.2 million high it reached in February 2022, according to a chart published by Bitcoin analytics platform Pricedinbitcoin21 on April 29. Since the year’s turn, the amount of Bitcoin on exchanges has dropped by 202,900 BTC or nearly $8 billion, the platform noted in its tweet....

Indeed, the Bitcoin hash rate has reached a new record, climbing to three times higher than the lows it reached during the China mining ban, crypto research and proprietary trading firm Reflexivity Research said on October 5. Only days after Finbold reported on its previous all-time high (and a little over a week before that), Bitcoin’s mining power has advanced even further, standing at 248.826 million terahashes per second (TH/s) as of October 5, according to Blockchain....

Consequently, in light of its increasing usage, blockchain analysis platform Chainalysis has revealed in a recent blog post that the firm will be the first company to keep transactions on the network under surveillance. In particular, Chainalysis plans to include Lightning tracking into its “Know-Your-Transaction” (KYT) next year. KYT already surveilles Bitcoin and Ethereum activity, including behaviors marked as suspicious by the US Office of Foreign Assets Control (OFAC). The firm added: Lightning Networks growing popularity Lightning’s increasing popularity, according to Chainalysis, was the driving force behind the company’s decision to extend its monitoring suite....

Mass adoption of cryptos appears to be the way to go for a majority of the economies today. Even countries that have opposed digital currencies or stood on the fence previously now consider the nascent industry. In that context, Japan is keenly monitoring the technical developments in this front. Amamiya said that the BOJ and other banks in the country must consider several factors before implementing CBDC’s in Japan. They include monetary policies, Anti Money Laundering laws, and security protocols during the integration process....

The cryptocurrency market will then enter the last month of summer in September, and many investors are wondering whether Bitcoin can hit $30,000, a key psychological level in the past, before heading into the fall. Bitcoin is now trading at $20,552, which is slightly less than $9,500 away from this price, according to CoinMarketCap data. Whatsmore, Bitcoin is also 5.02% in the last week, meaning that it currently has a market cap of $393 billion....

Investors will benefit from the extended trading hours of the crypto ETNs running from 8:00 to 22:00 hours, taking advantage of crypto volatility. The exchange notes that traders will also take part in the assets’ price development. Börse Stuttgart’s Director of Trading Jürgen Dietrich notes that the increasing crypto interest played a role in the latest product. Börse Stuttgart listed the first ETN in November 2017. ADA and XLM securities trading is enabled by crypto investment firm 21Shares....

Speaking during YouTube live session, Hoskinson stated that many projects in the space rely on “a hope and a prayer” mindset instead of focusing on rigorous engineering, and consequently they won’t stand the test of time. According to the Input-Output boss, the current DeFi projects can be considered low quality, an aspect that is wearing down users. He noted that the low quality of the projects is evident by the total value of hacks in the sector in 2021 alone while singling out the Ethereum space for having key weak points that contributed to almost $10....

The account shared a tweet on January 25 announcing the launch of a token dubbed RBH on the Binance Smart Chain (BSC), with an initial price of $0.005. A review of the token shows that details about the creator and tokenomics do not exist. Indeed, the token’s promotional message dubbed it a revolution in decentralized finance (DeFi) and asked users to purchase RBH on the Pancakeswap decentralized exchange (DEX). Interestingly, the announcement was made in at least two tweets that were later deleted....

In the last 24 hours, the price of Chiliz has increased by as much as 15% since sports and fan tokens are leading a fresh wave of a trend reversal in the cryptocurrency market despite a broader market dip. Currently, CHZ is changing hands at $0.2251, up 15.7% in the last 24 hours and up 24.56% across the previous seven days, according to data retrieved by Finbold from CoinMarketCap. Meanwhile, the market worth of Chiliz is $1....

The country’s National Bureau of Statistics (NBS) stated that January inflation hit a four-month low to stand at 0.9% from December 2021’s figure of 1.5%. Analysts had projected that the rate would hit 1% in January. For specific sectors, food prices dropped 3.8% year-on-year, a decline of 2.6% recorded in December 2021. Elsewhere, non-food prices spiked by 2% YoY but slowed from the 2.1% increase recorded in December, while the core Consumer Price Index also gained 1....

Now, the efforts have started. On March 23, reports emerged about a lawsuit in Florida, which was the first of its kind that directly blamed China for the outbreak. The law firm that filed the case is known as The Berman Law Group. The Group sued China for covering up information about the coronavirus outbreak in Wuhan. Jeremy Alters, the law firm’s Chief Strategist, insisted that they have every right to sue China according to a publication by WION....

Upon detailed analysis of Bitcoin’s previous price action, including the higher highs and lower lows since November 2021, the decentralized finance (DeFi) asset was making a “bullish megaphone pattern,” as pseudonymous crypto analyst Moustache observed on November 6. In his opinion, such a pattern indicates that Bitcoin could reach a price of around $80,000 sometime during the summer of 2023. The analyst was referring to a widening pattern that looks like a megaphone or a reverse symmetrical triangle....

Despite the fact that the DeFi asset is still a long way from the all-time highs it reached in 2021, the cryptocurrency community at CoinMarketCap is expressing a great deal of confidence for the price of the token, predicting that Solana will trade at $131.79 by the end of May 2022. The projected price reflects a 40.15% or $37.76 increase over the product’s existing price, at the time of publication....

Given the developments on the SHIB network as well as the ongoing burning of tokens combined with the data on January 20, which suggests Shiba Inu is among the most undervalued assets based on short and long-term returns. In this line, the votes cast by the members of the crypto tracking platform CoinMarketCap predict that SHIB will be trading at the average price of $0.00001064 on January 31, 2023, according to the data retrieved by Finbold on January 20....

According to the 4th annual Greater China ETF Investor Survey by Brown Brothers Harriman, more interest is in thematic and fixed income products. The finding notes that about 92% of investors across the region plan to increase their ETF allocations within the next year, representing a 10% increase from 2020. The report states that about 91% of investors in Mainland China will increase their allocation in thematic ETFs this year, while in Hong Kong, the figure stands at 86% followed by Taiwan’s 74%....

Yesterday Finbold reported that Bitcoin is trading above its 100-day simple moving average. More gains would open the door for a near-term advance towards the $42,500 resistance zone, which Bitcoin has cruised past as bulls look to push BTC to the significant $50,000 level. To be more specific, the world’s leading digital asset by market cap is up more than 7.06% in the previous 24 hours and 4.41% in the last week; its current price is $43,670....