Bitcoin (BTC)

In terms of sheer price action, this week was rather sloppy. Bitcoin was trading at around $10,400 seven days ago, and it’s now indecisive around $10,300.During the week, things did get slightly more tumultuous as BTC dipped below $10K on a few occasions, reaching as low as about $9,800 on Binance. Many thought that this is when it would close the outstanding CME gap at $9,600, but Bitcoin recovered and remains largely indecisive.It’s worth noting, though, that the primary cryptocurrency is...

Réunis aujourd’hui à Berlin, les ministres des finances de la France, de l’Allemagne, de l’Italie, des Pays-Bas et de l’Espagne ont appelé la Commission européenne à élaborer une règlementation stricte pour les stablecoins, en particulier pour la Libra de Facebook : « Les Stablecoins ne devraient pas être autorisés à opérer dans l’Union européenne tant que les problèmes juridiques, réglementaires et de surveillance n’ont pas été...

BitcoinBitcoin moved sideways this week as a consolidation pattern appeared in the form of a symmetrical triangle. This triangle is best seen on the hourly charts and is highlighted by the white boundaries.The cryptocurrency dropped by a steep 15% in September from $12,000 to the current $10,260 level. The $10,000 level provided strong support throughout the week and allowed the bulls to start to edge higher again. However, it is still trapped within the confines of the symmetrical triangle,...

DeFi networks show signs of the increase despite the current decrease on the market. Since September, 2 Bitcoins available in the networks have increased from 67,038 BTC until 87,752 BTC.Even though the coin market has seen a retraction in the past week, the DeFi networks seem unaffected by sentiments. Signals show that there is an increase in the volume of Bitcoins locked in decentralized networks over the past week. Data available from DefiPulse revealed that there has been 30% rise in the...

The last few days have been nothing but sloppy in terms of Bitcoin’s price action. The cryptocurrency dipped below $10,000, recovered, and, most recently, failed to conquer $10,500.According to a popular Bitcoin analyst, there’s an important level that should hold if we are, indeed, in a bull market.This Level Should Hold Bitcoin’s PriceCommenting on the recent BTC price activity was the popular trader and market analyst going by the Twitter handle BTC_JackSparrow.If BTC is in a bullish...

The Internal Revenue Service (IRS) wants in on activities happening on Monero and Bitcoin’s Lightning Network. That’s why the Federal organization is inviting applications with demonstrated working prototypes that can break into the privacy coin network and trace transactions on BTC’s layer two chain. IRS will offer $625,000 for the same.IRS Will Fund Monero, And Bitcoin Lightning Network Cracking PrototypeIn an announcement dated September 4, the Internal Revenue Service, Criminal...

Jack Dorsey’s financial services company Square has established a non-profit organization called Cryptocurrency Open Patent Alliance (COPA).Working independently from Square, the entity aims to ensure open access to blockchain technology in the digital asset sector and fight patent trolls.Square Creates COPAAccording to Square’s announcement, COPA aims to stop companies within the cryptocurrency ecosystem from “locking up” valuable and useful technologies in patents. The company outlined that...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 968. Im heutigen Video geht’s um folgende Themen: Ist DeFi die Investmentchance des Jahrzehnts & Durchgesickerter Gesetzesentwurf zur europaweiten Kryptoregulierung 1.) DeFi is a ‚once in a decade investment opportunity‘ — True or false?https://cointelegraph.com/news/defi-is-a-once-in-a-decade-investment-opportunity-true-or-false 2.) Leaked draft shows European Union set to be first major jurisdiction to...

YFI took the crypto world by storm last month when it did the unthinkable and surged higher than Bitcoin’s price at the time.Since its launch in mid-August, the DeFi token pumped monumentally to top out at around $39,000. It is a prime example of demand through scarcity as the big draw for this asset is the fact that there are only 30,000 in existence.Since that giddy height, YFI retreated back to around $18,500 on September 5th. The news that Coinbase Pro will be listing the token has given...

Most of the cryptocurrency market is retracing on a 24-hour scale despite increasing in value intraday. Bitcoin surged to nearly $10,500 but is back below $10,300, while Ethereum dips to $360.Bitcoin Stopped At $10,500The positive news for the primary cryptocurrency is that its price remains in the five-digit territory. In fact, Bitcoin even increased towards its previous 2020 high at $10,500 yesterday. However, the bears stopped it before having the chance to conquer it. Ultimately, BTC...