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“# Regulations drive Korean exchanges to delist, warn against high risk coins ” South Korea’s cryptocurrency market continues to transform under the weight of mounting regulatory pressures. Major crypto exchanges such as Upbit have this week moved to delist or warn against specific digital assets they have judged to be high-risk for investors. The…
“# Ethereum price bounce to $2.6K fails to excite neutral-to-bearish pro traders ” While speaking at the Virtual Fintech Forum in Hong Kong on May 27, Ethereum co-founder Vitalik Buterin commented on obstacles related to the Ethereum 2.0 rollout. Buterin said that there had been several internal team conflicts in the past five years and…
“# Bitcoin derivatives data shows pro traders ignored today’s $41K pump ” Sometimes all Bitcoin (BTC) needs to pump 10% is a positive remark from someone like Elon Musk. The Tesla CEO has been pointed to as the culprit for the recent downturn after the company’s May 12 announcement explaining that it would no longer…
“# Price analysis 6/14: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH ” Bitcoin (BTC) has risen above the psychological resistance at $40,000 following a series of positive news flow over the past week. The first bit of bullish news that impacted the price of Bitcoin was a tweet from Tesla CEO Elon…
“# Here’s how pros safely trade Bitcoin while it range trades near $40K ” Investors tend to define the market as either bullish or bearish, but sometimes the price can remain within a specific range for an extended period. This type of sideways movement is not necessarily stable because cryptocurrency markets have high volatility that…
“# South Korea’s small crypto exchanges face increasing regulatory heat ” Authorities in South Korea are continuing to propose and enact measures aimed at maintaining strict oversight over the nation’s crypto exchange market. These come amid a significant uptick in cryptocurrency trading volume, especially for altcoins. In May, South Korea’s Financial Services Commission (FSC) announced…
“# Block.one free to focus on $10B crypto business after lawsuit settlements ” EOSIO developer Block.one says it is focusing on its crypto business mandate after recently settling a class action lawsuit. In a blog post published on Friday, the blockchain software firm announced a settlement agreement with a group of investors led by the…
“# Coinbase is reportedly looking to set up office in New York ” The United States’ largest cryptocurrency exchange, Coinbase, is reportedly setting up its first office in New York. The Nasdaq-listed cryptocurrency exchange has allegedly subleased 30,000 square feet from Steven Cohen’s investment firm Point72 at Related Companies’ 55 Hudson Yards in New York,…
“# Bitcoin price moves toward $40K as on-chain and technical analysis favor bulls ” Bitcoin (BTC) price saw a bullish turn of events on June 13 as the price broke out to $39,252 but many analysts are still on the fence when it comes to determining whether the digital asset is ready to continue its…
“# Here’s how Bitcoin’s impending death cross could be a contrarian buy signal ” Bitcoin’s (BTC) succession of sharp corrections from its all-time high at $64,900 has turned investor sentiment negative, at least for the short-term. While some analysts believe the bottom may have been hit, others are warning of a further fall due to…