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Chinese Police Cracks Down Cross-Border Gambling Sites Using Tether [USDT]

October 25, 2020 , , , , , , , , , Eddy 0

The world’s leading stablecoin, Tether has been engulfed with many controversies. In the latest development, the People’s Bank of China has revealed a high profile case of crack down on cross-border gambling websites that used the stablecoin USDT. It is important to know that gambling and casinos are illegal in mainland China, and cryptocurrencies such […]

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Analysis: Are CBDCs a Threat For Bitcoin or The Opposite?

October 25, 2020 , , , , , , , , , , Eddy 0

Ever since Facebook announced its plans to create a digital payment currency dubbed Libra, central bankers have tried to counter it with an invention of their own. While Libra is facing regulatory troubles, a BIS report indicated that over 80% of the world’s central banks are currently developing a central bank digital currency (CBDC). The […]

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Bitcoin Breaks New 2020 High As Total Market Cap Topped $400 Billion (Market Watch)

Bitcoin Breaks New 2020 High As Total Market Cap Topped $400 Billion (Market Watch)

October 25, 2020 , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin continues with the 2020 records and just a few hours ago marked a fresh high of above $13,350. Most alternative coins followed suit with impressive increases, but the market has calmed since then. The entire cryptocurrency market clocked at above $400 billion. Bitcoin To Yet Another 2020 High CryptoPotato reported a few days ago […]

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Bitcoin Just Marked New 2020 High, But This Indicator Signals Correction Incoming (BTC Price Analysis)

Bitcoin Just Marked New 2020 High, But This Indicator Signals Correction Incoming (BTC Price Analysis)

October 25, 2020 , , , , , , Eddy 0

Starting by looking at the bigger picture, Bitcoin price had made a remarkable run since October began, gaining almost $3000 to its value. Looking at the following long-term weekly chart, we can see this week’s greenish candle that will be closed later today. From a technical point of view, as long as the candle close […]

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Binance Bitcoin Futures Markets Clock Highest 24h Volumes as Institutions Go Long

Binance Bitcoin Futures Markets Clock Highest 24h Volumes as Institutions Go Long

October 24, 2020 , , , , , , , , , Eddy 0

With bitcoin’s latest rally beyond the $13,000 mark, it seems like the next bull market is here. It can be seen from BTC markets that have been on fire for the last 7 days, including derivatives. The latest data shows that bitcoin futures markets on Binance have clocked the highest 24h BTC futures volumes amongst […]

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The Digital Age Is Here: Crypto And Fintech Companies Soar, While Bank Stocks Tank

The Digital Age Is Here: Crypto And Fintech Companies Soar, While Bank Stocks Tank

October 24, 2020 , , , , , , , , , , , Eddy 0

2020 has been so far a challenging year. Issues such as the Australian wildfires and the global COVID-19 pandemic have harmed the planet and its inhabitants. The financial world has also suffered, especially during the first several months. The effects are evident within different sectors of the financial industry. While some have felt adverse consequences […]

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Stagnant Crypto Weekend: Bitcoin Temporarily Stopped at $13,000

Stagnant Crypto Weekend: Bitcoin Temporarily Stopped at $13,000

October 24, 2020 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Following the past couple of days of significant price developments within the cryptocurrency space, most assets have calmed. Bitcoin remains just shy $13,000, while some of the altcoins have even retraced slightly. Bitcoin Struggles at $13,000 The past seven days were nothing short of impressive for Bitcoin. After a brief dip to $11,400 last week, […]

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Bullish: Huge H&S Pattern Developing in Bitcoin With $20K Target At ATH

Bullish: Huge H&S Pattern Developing in Bitcoin With $20K Target At ATH

October 23, 2020 , , , , , , , Eddy 0

After quite a volatile rally to $13,000, bitcoin price action has tempered down a bit. But, the case for future gains remains strong, according to a technical setup that popular Youtube and Twitter-based BTC analyst Carl Martin shared today. This will surely get the hopium levels of bulls soaring. According to him, the top cryptocurrency […]

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Bitcoin Breaks To New 2020 High on PayPal News: This Was The Weekly Crypto Market Update

Bitcoin Breaks To New 2020 High on PayPal News: This Was The Weekly Crypto Market Update

October 23, 2020 , , , , , , , , , , Eddy 0

This week was particularly interesting in the cryptocurrency markets. Bitcoin’s price charted a new 2020 high, surging to as much as $13,217 on Binance. The entire market cap surged and gained almost $40 billion throughout the past seven days. The catalyst for this major move was PayPal. The world’s largest online payment processor announced that […]

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