Crypto news

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

ADA price is correcting gains from the $0.422 zone against the US Dollar. The price is now trading above $0.395 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with support near $0.395 on the 4-hours chart (data feed via Bitfinex). The price could gain resume its increase if it stays above the $0.395 and $0.384 support levels. Cardano price is correcting lower below $0.412 against the US Dollar, similar to bitcoin. ADA price...

Ethereum price is moving higher above the $1,650 resistance against the US Dollar. ETH price is now trading above $1,600 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with support near $1,660 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it stays above the $1,600 support zone. Ethereum price is consolidating above the $1,660 level against the US Dollar. ETH/USD could rise further if it clears the...

Tim Berners-Lee – the inventor of the World Wide Web (WWW) – believes cryptocurrencies are “dangerous” and investing in them is similar to gambling.  However, he argued they could be useful for conducting transactions if converted into fiat when received. Not a Crypto Fan In a recent appearance on CNBC, the British computer scientist best known for creating the World Wide Web – Tim Berners-Lee – warned investors to stay away from cryptocurrencies as they are “speculative” and...

The Financial Stability Board (FSB) has revealed that many stablecoins will not meet the standards stipulated in its recommendations for crypto asset regulations that will be released later this year. The regulator noted that the recommendations would be aimed at maintaining effective “stabilization” mechanisms and strengthening redemption rights. The FSB is a global organization that oversees and provides guidance on the stability and resilience of the international...

Nishad Singh, the former head of engineering at bankrupt crypto exchange FTX, is close to striking a plea deal with federal prosecutors in the ongoing case against the exchange and its execs. According to a Bloomberg report, which cited people familiar with the matter, Singh plans to plead guilty to criminal charges over his role in the FTX saga. Singh to Strike Plea Deal With US Prosecutors The report noted that Singh has been negotiating a deal with Manhattan prosecutors as...

According to the latest edition of CoinShares’ weekly report, outflows in digital asset investment products reached $32 million last week, a level not seen since late December 2022. The sentiment could be attributed to exchange-traded product (ETP) investors being less optimistic about recent regulatory pressures in the US relative to the wider market. Bitcoin Bears the Brunt Outflow figures surged to $62 million the mid-way through last week, even as the sentiment improved...

South Korea’s “Kimchi Premium” – a metric showing crypto’s price difference in global exchanges and such located in the Asian nation – went into a discount territory for the first time since January 18. This indicates that buying digital assets, such as bitcoin, is cheaper on Korean platforms than on Binance or other leading players, usually meaning that local users’ interest has declined. Flipping to Discount The “Kimchi Premium” – a phenomenon bearing the name of a...

George Town, Cayman Island (Feb. 20th, 2023) – Blofin,a fast-growing cryptocurrency futures trading exchange has announced its listing on TokenInsight. Additionally, the company plans to expand its reach by getting listed on CoinMarketCap and Coingecko in the near future. Since its launch in January, Blofin has been able to steadily increase its daily trading volume, with a consistent growth rate of 20%, providing its global user base with an extended range of crypto...

The state of New York is moving towards accepting a new bill that if passed, would allow crypto to be used as a form of payment. Is New York Suddenly a Crypto Fan? This is huge for the Empire State in that it would not only put New York on the crypto map, but it would also ensure crypto – at least within the state’s borders – is utilized for the purpose it was created for. The bill states: This act amends the state finance law in relation to allowing New York state...