Crypto news

The number of open shorts positions on leading cryptocurrency and derivatives exchange BitFinex is at a two-year high as bitcoin price returns to the monthly lows amid $30K. The current amount of shorts is the highest since June 17, 2019, forcing more traders to wonder whether BTC is set for further dips, which may lead to a first daily close below $30K since January 1st, 2021. Bitfinex Shorts Hit 2-Year High According to recent data by TradingView, short positions on...

Vocal Bitcoin bull Meltem Demirors believes that the ongoing crypto decline is just an ordinary correction, which would wipe out investors with ”paper hands.” She reminded that the primary digital asset has always been volatile and assured that it is ”here to stay.” ‘You Can’t Have a Number Go Up Forever.’ The current situation in the cryptocurrency space doesn’t look bright, from a short-term perspective. The dollar value of the largest digital asset by market capitalization...

A survey conducted by the American multinational investment bank JPMorgan Chase & Co. revealed that most big investors do not find the crypto market appealing as only 10% of the participants asserted they trade digital assets. Moreover, 30% of the people agreed with Warren Buffett’s opinion that BTC is a ”rat poison.” The American Institutional Investors Stay Away from Crypto JPMorgan Chase & Co. surveyed around 3,000 US investors from more than 1,500 institutions....

Twitter CEO Jack Dorsey nutzte seine Reichweite auf der Social Media Plattform, um ein neues Bitcoin-Projekt zu bewerben. Unter dem Namen „The B Word“ will das Projekt vor allem Institutionen über Bitcoin aufklären, um die Mass Adoption voranzutreiben. Bitcoin News: Twitters CEO promoted Bitcoin-Projekt The B WordDas Projekt wird offiziell am 21. Juli in diesem Jahr gelaunched – Live-Events, Diskussionen und eine Datenbank an Resourcen und Infomaterial wurden angekündigt. Jack Dorsey selbst...

Another weekend starts with another adverse price movement for bitcoin as the asset dropped by several thousand dollars to below $31,000. The alternative coins are also deep in red, with ETH dumping below $1,800, and the total market cap has seen $160 billion gone in a day. Bitcoin Plummets Below $31,000 It’s almost becoming a tradition for BTC to head south when the weekend starts. The cryptocurrency was actually looking healthy yesterday after it had recovered from the...

Bitcoin has been crashing as of late, and for many people, the main reason has to do with Elon Musk. Last month, the South African entrepreneur announced that he was rescinding a decision that his electric car company Tesla was going to accept bitcoin-based payments for goods and services. It’s Hard to Know What Elon Musk Was Thinking This was a hard blow for many traders given that this would have sent bitcoin spinning into a wild price frenzy. In addition, it would...

Popular American rapper and actor Jayceon Terrell Taylor popularly known as The Game is currently facing $12 million charges for allegedly promoting an illegal initial coin offering (ICO). According to a recently amended official filing, he had promoted the unregistered token sale of Paragon Coin, a tech company that came under regulatory scrutiny earlier in 2017. The Paragon Coin Saga Paragon touted itself as a cryptocurrency company that would use the power of blockchain...

As one of the world’s largest brokers of jewelry and fine art, Sotheby’s is preparing to auction off a massive 100 carat diamond. What is the big clincher? Bidders can potentially purchase the item with cryptocurrency. Sotheby’s Will Sell You a Diamond for BTC Known as Key 10138, the diamond in question is pear shaped and nearly flawless in its crystal-like design. It is extremely rare to come across a diamond with so many carats, though it seems like Sotheby’s has done...

As bitcoin is the number one digital currency in the world, it is easy to simply direct all of one’s attention to the asset as it continues to slump like it never has before. After reaching an all-time high of more than $64,000 per unit in April of this year, the currency has since lost more than half its value and is now trading for about $29,500 at the time of writing. It’s Not Just Bitcoin That Has Taken a Dive However, bitcoin is not the only cryptocurrency that is...

Robinhood, the popular crypto-friendly trading platform, has reportedly delayed its plans to go public because of scrutiny from the US Securities and Exchange Commission. The agency has outlined issues with the company’s cryptocurrency-related endeavors. Robinhood IPO Delayed to June Founded in 2013, Robinhood quickly became one of the most utilized trading platforms, with over 20 billion in AUM as of late 2020. The firm has also introduced cryptocurrency services lately,...