Crypto news

Bitcoin’s rollercoaster continued in the past 24 hours with a massive $2,000 dump and the subsequent recovery attempt. Most altcoins are covered in red, and the market capitalization has lost $40 billion in a day.Bitcoin’s Wild Ride ContinuesAfter a relatively bullish weekend in which BTC gained some value, the primary cryptocurrency seemed primed for further increases. Initially, bitcoin indeed headed north, resulting in a fresh all-time high of $24,300 (on Bitstamp).However, the bears...

The moment has come. Apparently, the SEC is ready to sue Ripple for issuing XRP as a non-registered security.After several years of uncertainty, it seems that U.S. regulators would be willing to answer once and for all the most crucial question that any member of the XRP Army has ever asked. Is XRP a security?According to Fortune, the American company received a notice on Monday that it would be sued by the SEC. Brad Garlinghouse, Ripple’s CEO, did not deny the news and, in fact, spoke out on...

Following the impressive list of institutional investors who have put their funds into bitcoin in 2020, it appears that more big names are showing interest in the number one crypto asset, after a global investments firm filed with the U.S. SEC to launch a bitcoin fund for accredited investors.According to an SEC document on Monday (Dec. 21, 2020), Anthony Scaramucci’s billion-dollar hedge fund, SkyBridge Capital, filed a Form D with the U.S. securities watchdog for its first bitcoin fund.The...

Bitcoin is doing well as of late. Extremely well one might say, and yet it’s still experiencing doubt from analysts such as David Rosenberg, a well-known economist who at the time of writing, claims bitcoin is trapped within a bubble.David Rosenberg: Bitcoin Is in a BubbleOne of the big problems in Rosenberg’s mind is that people investing in bitcoin are simply doing so because it’s the thing to do right now. They have no idea what it is, how it works, or who even brought it to the financial...

The Bit Fury Group and FICO have entered a partnership that will develop new risk assessment solutions for monetary systems.FICO Is at the Head of the Crypto GameThe plan is to assist all traditional banks and standard financial institutions that are looking to offer crypto-based services or products to assess the risks associated with providing said items to customers. This represents a huge change in attitude for banks, who for a long time, wanted to stay as far away from crypto not...

As we all know by now, it doesn’t matter how well bitcoin does. The world’s number one digital currency by market cap is always likely to have its doubters, one of which appears to be billionaire investor Mark Cuban.Mark Cuban Is Still Rejecting BTCIn the past, Cuban has commented that he would rather have “bananas” than bitcoin. However, one would think he would change his tune as of late considering the currency has reached a new all-time high of roughly $22,700 at the time of writing....

Bitcoin price has finally started to correct from its parabolic rally to new all-time highs. During the European trading session today, we saw the first hourly candle close beneath the support of the bearish rising wedge pattern (yellow lines), around 09:00 UTC.Rising wedges are classic bearish reversal patterns and typically result in strong corrections. This morning’s breakout signaled to the rest of the market that BTC was about to dive sharply and within minutes of the new candle...

During a recent live-streamed conference, Justin Sun’s TRON and BitTorrent announced the latest developments within the decentralized streaming platform DLive. They will allow users to employ peer-to-peer technology and become nodes in the growing network while lowering the costs.DLive Protocol’s Latest ImprovementsAccording to a press release shared with CryptoPotato, the leading peer-to-peer sharing technology project, BitTorrent hosted a 12-hour long conference viewed by over 125,000...

ETH/USD – Ethereum Rolls Over From 2020 HighsKey Support Levels: $600, $580, $556.Key Resistance Levels: $625, $650, $665.Last week, Ethereum surged higher after rebounding from $580 to break above $600 on the same day that Bitcoin penetrated $20,000. The coin continued to climb over the following few days but couldn’t break past the $675 resistance (long term .786 Fib Retracement).Over the weekend, ETH struggled to maintain itself above $650 and eventually rolled over to fall as low as $625....

Bitcoin’s price went on a rollercoaster today, and the volatility continues to be rampant. Amid all this, the market saw more than $800 million in liquidations of both long and short positions in the past 24 hours alone.Bitcoin’s Rampant VolatilityTrading is a zero-sum game. For someone to win, someone else has to lose. This was perfectly exemplified in today’s market performance.Bitcoin’s price went from a high at above $24,300 to a low below $21,850 in a matter of hours. To anyone thinking...