Crypto news

Following a few days of enhanced volatility, bitcoin has calmed slightly north of the $58,000 mark. Some altcoins have used the opportunity to reduce BTC’s market dominance with impressive gains, including DOT nearing $40 and UNI jumping by 10%.Bitcoin Calmed Above $58KThe past several days were quite volatile for the primary cryptocurrency. BTC went from briefly breaching above $60,000 to a sudden drop to $53,000 before reclaiming $7,000 again on Thursday.Since then, though, BTC has calmed a...

Just before its direct listing, Coinbase has agreed to a 6,5 million-dollar fine after the CFTC found that the exchange engaged in illegal wash trading practices.The CFTC found that Coinbase could be engaged in trading practices that provided misleading information to services like Coinmarketcap and the CME Bitcoin Real Time Index. This happened via the improper use of trading bots and even irregular actions by one unidentified worker.According to Acting Director of Enforcement Vincent...

Oh boy… What is it about Elon Musk and crypto? The two always seem to attract one another whether they mean to or not, and the most recent example doesn’t put either entity in the best light. Elon Musk Is the Face of Another Crypto Scam Scammers posing as the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX are once again looking to potentially steal people’s bitcoin, and it looks like they are achieving success in some of their...

This was an important week in Bitcoin’s history. For the first time ever, the price reached an all-time high above $60,000. Regardless, it was an intense few days in terms of price action, and many altcoins also experienced serious volatility.It all started last weekend. On Saturday, the price started trending upwards and managed to breach $60K for the first time in history. In fact, it went as high as $61,800 and actually managed to hold above the important level throughout the entire...

It’s always nice to see bitcoin turn people into believers, especially those who at one point, seriously doubted the currency and felt nothing but animosity towards it. This isn’t necessarily the case for billionaire investor Howard Marks, but he didn’t always feel extreme positivity towards the world’s number one digital currency by market cap. Howard Marks: BTC Is Better Than an “Emerging Market Currency” Now, looking at the currency and seeing how far it’s come, Marks...

There’s been a lot of talk about institutional investors getting involved in cryptocurrency and bitcoin trading. Companies like MicroStrategy and Tesla have purchased billions in the world’s number one digital currency by market cap, while other financial firms – such as Square, MassMutual and Stone Ridge – have also gotten involved, and yet according to JPMorgan, it’s still retailers that are dominating the crypto investing arena. JPMorgan Comments on the Activity of...

The founder of SkyBridge Capital and former White House Director of Communications, Anthony Scaramucci, made a somewhat surprising statement earlier today saying that Elon Musk owns about $5 billion worth of BTC personally and through his companies. Elon Musk’s electric vehicle and clean energy giant, Tesla, made the news in February when it was revealed that the company had purchased $1.5 billion worth of BTC earlier this year. This impressive milestone in bitcoin’s adoption cycle came after...

We saw a rollercoaster of price action over the past seven days as Bitcoin went to set a new all-time high slightly below $62K, only to retrace to about $53K a couple of days later. Most of the altcoins followed suit, though some came out of it better than others.BitcoinBitcoin is up by a small 2% over the past week as it trades at the $59,000 level. The cryptocurrency had surged higher last weekend to set a new ATH at $61,781. It was trading inside an ascending price channel for the majority...

It appears that 2021 is the year for Bitcoin ETF approvals as yet another exchange-traded fund tracking the performance of the first-ever cryptocurrency will emerge – this time, in Brazil. The country’s Securities and Exchange Commission (CVM) has given its blessing to QR Capital’s application, and the QBTC11 product will go live on the Sao Paulo stock exchange.Bitcoin ETF Approved in BrazilBased in Rio de Janeiro, QR Capital describes itself as the “largest cryptocurrency asset manager” in...

Bitcoin’s current bull run could continue for another 4x price increase, according to the Long-Term Holder MVRV metric, suggested Glassnode.Simultaneously, the network’s activity keeps escalating as the non-zero and 0.01+ accounts have both reached new all-time highs.Bitcoin to $250K and Beyond?The primary cryptocurrency has been on a bull run in the past several months. After all, its price increased by roughly six-fold since early October to its recently-registered all-time high at...