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“# Amid rising stablecoin inflow, cautious traders fear a dead cat bounce ” The recent extreme volatility in the cryptocurrency market following Bitcoin’s (BTC) dip to $30,000 and the recovery to $38,000 has traders confused about whether the current price action is a ‘dead cat bounce’ which will see token prices head lower or a…
“# Korea’s crypto market is among the strongest — and the strangest — in the world ” On a day in which Bitcoin crashed briefly to $30,000 in a rampant bear market, the leading cryptocurrency never got anywhere close to that on Korean exchanges. The so-called “kimchi premium” saw to that, keeping the price of…
“# Here are 2 key price indicators every crypto trader should know ” Technical analysis, the study of chart patterns, is a tool that helps traders increase their edge over others. This is done by keeping the trader on the right side of the trend and providing warnings when the trend is about to reverse….
“# Powers On… Why the SEC, CFTC or FTC needs to check in on Elon Musk’s frenzied crypto tweets ” Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is…
“#Bitcoin pizza guy who squandered $365M has no regrets” In May 2010, California student Jeremy Sturdivant, then 19, noticed a bizarre request on a cryptocurrency Internet forum: He could receive 10,000 Bitcoins, at the time reportedly valued at $41, in exchange for the delivery of two large pizzas to Florida resident Laszlo Hanyecz, 28. Sturdivant filled the…
“#Billionaire investor Ray Dalio reveals he owns crypto” Billionaire investor Ray Dalio revealed Monday that he has some skin in the game on bitcoin — and said he’d rather invest in cryptocurrencies than buy bonds. “I have some bitcoin,” said the founder of Bridgewater Associates, the largest hedge fund in the world. He did not…
“#Bitcoin falls after China calls for crackdown on ‘mining,’ trading” The price of bitcoin and other cryptocurrencies dropped Friday after Chinese authorities called for a crackdown on “mining” and trading. The Chinese government said in a statement that greater reform and regulation is needed to protect the country’s financial system and economy. Among the recommendations…
“#Oil drillers and Bitcoin miners bond over natural gas” May 21 – On US oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads to capture natural gas and convert it on the spot into electricity. The trailers – carrying pipes, generators and computers – are called “mining rigs.” But their owners…
“#Feds signal crackdown on cryptocurrency after volatile week” The Federal Reserve and the Treasury Department are turning up the heat on cryptocurrency, signaling a crackdown could be coming after several days of volatility in the sector. Fed chair Jerome Powell said in a rare video message posted Thursday that cryptocurrencies, which have grown to have…
“#What is Dogecoin? What you need to know about the cryptocurrency” Dogecoin, the meme-inspired cryptocurrency, may have started a joke — but now the quirky digital token has exploded into the center of the trillion-dollar crypto market. It is the 6th most valuable cryptocurrency currently, having increased by more than 1400% over the past 12…