The Bitcoin price plunged to a new bear market low at $15,487 on Monday after rumors intensified that Genesis Trading and Digital Currency Group (DCG), which also owns Grayscale with its 635,000 BTC strong GBTC, would go bankrupt. Since then, the Bitcoin price is recording a relief rally. At press time, Bitcoin was trading at $16.598 and faced the crucial resistance zone at $16,000. If this resistance is overcome, a quick candle towards $17,500 to $18,000 could be on the table. DCG /Genesis Safe? Bitcoin investors, however, might be asking themselves what has changed in the whole misery surrounding Genesis...
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You can call it Djed, but the game is stablecoin. According to reports, Cardano’s stablecoin, Djed, will be released on the Cardano mainnet in the first month of 2023. They call this type of stablecoin “algorithmic,” which means that the asset’s stability is guaranteed by some very advanced, but (they say) “ultimately important,” mathematics. Cardano collaborated with COTI on this mammoth project. in light of Djed’s declaration, let us quickly review ADA’s persformance of late: Price activity as of late indicates further pain If Crunchzone rises above $0.3160, the bears will gain even greater power That’s a portent of fantastic...
The legislation paves the way for the issuance of El Salvador’s “volcano bonds” expected to raise $1 billion for the government.
Former Ethereum miners have been drawn to alternative coins like Ravencoin after they had to leave the Ethereum network post-merge.
According to a capital markets amendment bill reportedly sponsored by Kenyan lawmaker Abraham Kirwa, cryptocurrency holders in the country will be obliged to pay taxes on gains. In addition, the bill (if passed into law) would require crypto holders to furnish Kenya’s Capital Markets Authority with details such as “the amount of proceeds from the
BTC price losses are not yet bad enough to rival previous Bitcoin bear market troughs, data suggests.
Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX crypto exchange to crypto ruining the entire economy, did not go unnoticed by the online crypto community.
Matthew Ferranti, a Ph.D. candidate at Harvard, pointed out that Bitcoin is an optimal alternative hedging asset for central banks.
BTC’s price shows strength as price bounces off from a weekly low of $15,500 to trend higher, giving bulls some relief. BTC’s price continues to look strong as bearish sentiment for the market lingers, with things looking uncertain for most traders and investors. BTC’s price bounces from a low of $15,500 on the daily timeframe as the price moves in a range below the 50 Exponential Moving Average (EMA) With many looking for a major dump in Bitcoin (BTC) price, the price of Bitcoin (BTC) bounced from $15,500 as price rallied to a high of $16,500, leaving bears on the...
Crypto exchange and custody platform Bitpanda announced on Nov. 22 that it had received a crypto trading license from Germany’s Federal Financial Supervisory Authority. According to Bitpanda, securing a license means it has become the “first European retail investment platform to meet BAFIN’s strict regulatory requirements.” New License Strengthens Bitpanda’s Position Austrian crypto exchange platform
Singaporean bank DBS is the latest big bank to harness JPMorgan’s blockchain-based fixed income trading network Onyx, becoming the first Asian bank to do so.
The NYAG clarified that digital assets differ from blockchain technology, and it has no issues with citizens purchasing stakes in publicly traded blockchain-based businesses in retirement accounts.
Governor Kathy Hochul signed the PoW moratorium bill into law on Nov. 22, nearly four months after the bill was approved by the state senate.
The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange.