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“# Our Man in Shanghai: DogeMania, ‘Dog-Coin’ trademark dogfight, hashrate outage, government warms up to crypto ” The big news this week happened on April 16th, when a major power outage in Xinjiang wreaked havoc on the BTC hash rate. According to local sources, the hash rates on Ant Mine Pool fell by 21.93%, BTC.com…
“# Here’s why bulls aren’t buying the Bitcoin price dip to $50,000 ” Bitcoin (BTC) has been bouncing at the $51,000 support for the past 44 days. Typically, this would be interpreted as a positive occurrence, especially considering that the $50,000 level represents a 75% advance in 2021. However, cryptocurrency investors are typically short-term-focused and…
“# Coinbase delisting averted as German stock exchange resumes trading ” The scheduled delisting of Coinbase shares from the German Deutsche Boerse stock exchange appears to have been averted. The platform announced on Wednesday, April 21, that Coinbase would be removed from the Xetra, and Frankfurt stock exchanges this week after it was discovered the…
“# Turkish crypto exchange halts trading amid reports of police raid ” Major Turkish cryptocurrency exchange Thodex has abruptly halted trading and withdrawals amid reports of police raids, Cointelegraph Turkey reported on Thursday. Thodex posted an official announcement on Twitter on Thursday, informing users that it has halted transactions for a period of four to five…
“# Solana (SOL) hits new highs as DApps, DeFi and stablecoins join the network ” The arrival of institutional investors and the rise of decentralized finance (DeFi) has been an incredible boon for the entire cryptocurrency sector but it has also highlighted a number of persistent limitations that many blockchain networks encounter when faced with…
“# Price analysis 4/21: BTC, ETH, BNB, XRP, DOGE, ADA, DOT, UNI, LTC, BCH ” JPMorgan strategist Nikolaos Panigirtzoglou believes that if Bitcoin (BTC) does not break above $60,000 within the next few days, the momentum signals could weaken “for several months, given their still-elevated level.” Another bearish voice was that of Guggenheim chief investment…
“# Ethereum price moves toward new highs even as pro traders turn bearish ” The price of Ether (ETH) fell by 19.6% on April 18, resulting in the quick liquidation of $1 billion in long futures contracts. Despite the size of this record liquidation and its impact on Ether’s price, the futures open interest remained…
“# Former Amazon exec will become new CFO of crypto exchange Bitstamp ” Cryptocurrency exchange Bitstamp has hired Stephen Bearpark, a former finance director at tech giant Amazon, as its chief financial officer. In an announcement today, Bitstamp said it would be appointing Bearpark to the executive position where he will be responsible for overseeing…
“# Gemini exchange’s crypto custody doubled since January, reaching $25B ” The Tyler and Cameron Winklevoss-owned Gemini exchange announced a major milestone on Tuesday, as total cryptocurrency held in custody surpassed $25 billion for the first time. In charting its impressive growth, Gemini touted growing participation from institutional investors over the past year. Gemini Custody’s…
“# Exchange tokens bounce from key support levels as COIN looks for direction ” A lot of hype was built up before the Coinbase listing on the Nasdaq on April 14 and several cryptocurrencies rallied in the run-up to the event. However, traders usually buy the rumor and sell the news. In this case, they…