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Bitcoin and several altcoins continue to show strength, but charts suggest that each needs a strong close above a key exponential moving average to continue the uptrend. Key points: Bitcoin has reached a crucial overhead resistance, where the bears are expected to mount a strong defense. Several major altcoins are attempting a recovery, which is…
The crypto exchange said the planned internal migration is a normal, “best practice” in the industry to maintain cybersecurity standards. Crypto exchange Coinbase initiated a large fund migration on Saturday, moving tokens to new internal wallets in a scheduled, routine security procedure to reduce long-term exposure of keeping funds in the same wallet addresses, which…
The crypto exchange said the planned internal migration is a normal, “best practice” in the industry to maintain cybersecurity standards. Crypto exchange Coinbase initiated a large fund migration on Saturday, moving tokens to new internal wallets in a scheduled, routine security procedure to reduce long-term exposure of keeping funds in the same wallet addresses, which…
The exchange will publish monthly, independently verified reserve reports, giving users third-party confirmation that assets are fully backed. MEXC has expanded its partnership with blockchain security platform Hacken to introduce monthly, independently verified Proof-of-Reserves (PoR) audits, marking a shift toward a more formalized transparency framework for the exchange. The monthly audits will add independent verification…
Bitcoin jumped 4% as US equities dropped ahead of Nvidia’s earnings report, but onchain data noted weak institutional demand. Does data show BTC’s rebound as a sign of spot buying? Key takeaways: Bitcoin rebounded 4% from a key range under $90,000, outperforming US equities on Tuesday. Tech stocks slid ahead of Nvidia’s pivotal Q3 earnings,…
Bitcoin attempted a recovery but is facing selling at higher levels, indicating that bears continue to sell on rallies. Key points: Bitcoin’s fall has resulted in three consecutive weeks of outflows from crypto ETPs, indicating a negative sentiment. Several altcoins are struggling to start a rebound, indicating a lack of demand from buyers. Read more…
ARK Invest boosted its crypto-linked holdings, buying $5.8 million in BitMine and $2.9 million in Bullish shares amid market dip. ARK Invest has ramped up its exposure to crypto-linked equities, scooping up more BitMine Immersion Technologies and Bullish shares across several of its exchange-traded funds as markets continued to slide. According to ARK’s daily trade…
ARK Invest boosted its crypto-linked holdings, buying $5.8 million in BitMine and $2.9 million in Bullish shares amid market dip. ARK Invest has ramped up its exposure to crypto-linked equities, scooping up more BitMine Immersion Technologies and Bullish shares across several of its exchange-traded funds as markets continued to slide. According to ARK’s daily trade…
The weakness in the AI sector contributed to the crypto market downturn, as spot BTC ETF outflows and isolated selling sent Bitcoin price to a six-month low. Key takeaways: Bitcoin softened as tech sector weakness spilled into crypto markets, reducing risk appetite and limiting demand for bullish leverage. Persistent spot Bitcoin ETF outflows and targeted…
Arjun Sethi criticized the UK’s crypto regulations for burdening users with excessive disclaimers, saying they worsen customer experience. Arjun Sethi, the co-CEO of major crypto exchange Kraken, criticized the United Kingdom’s crypto regulations, which he said hinder services for their customers. In an interview with the Financial Times, Sethi said that “in the UK today,…