Crypto news

Michael Saylor’s business intelligence giant has kept its promise to allocate additional funds in the primary cryptocurrency. MicroStrategy announced on Friday that it had added another chunk of 262 bitcoins to its sizeable stack of over 91,000 tokens. The company’s founder and CEO, Michael Saylor, took it to Twitter on Friday to inform of the firm’s latest BTC acquisition. After a few consecutive weeks of purchasing chunks worth $10 million each, this time MicroStrategy upped its game and...

One of the big stories in the crypto industry as of late is that Coinbase, one of the largest and most popular cryptocurrency exchanges in the United States, is going public. The trading platform confirmed its decision to file for a public offering late last year, and that offering could come to fruition as early as within the next few weeks. The Coinbase Filing Is Set to Occur Soon Everyone appears to be happy. Everyone seems to think that the move is going to place...

Bitcoin is doing extremely well as of late. The world’s number one cryptocurrency by market cap has once again surged into the $56,000 range and it looks like the asset is again about to hit its all-time high of $57,000. Bitcoin Mining May Be Doing Some Damage However, with this growth comes a few consequences, and one of those consequences is the carbon footprint that allegedly comes with the extraction of new BTC and crypto mining. As BTC’s price expands, we’re going...

On this day, exactly one year ago, Bitcoin saw one of its worst trading sessions in history. The cryptocurrency lost around 50% of its value and tapped a low at around $3,800. That’s also true for every altcoin, as well as for the traditional financial markets.Nevertheless, it’s safe to say that the cryptocurrency market has come a long way since then. In fact, this was the absolute bottom in the cycle, and it has been up only ever since. Now, 365 days later, Bitcoin’s price is trading at...

This week was quite exciting in the cryptocurrency market as a lot of the major coins managed to recover. Unfortunately, this wasn’t the case for all of them, so let’s have a look at some of the most interesting performers throughout the past seven days.BitcoinBitcoin is up by a powerful 15.8% over the past week as the cryptocurrency edges near the ATH price again. It started the week by rebounding from support at $47,200 (.382 Fib) and began to push higher over the weekend.The coin broke...

More developments on the Ripple vs. the SEC legal front as the Commission has requested personal financial information of the company’s CEO, Brad Garlinghouse, and co-founder Christian Larsen.Simultaneously, the Japanese financial giant SBI Group has doubled-down on its support for Ripple by offering to pay its shareholders dividends in XRP.The SEC Seeks Personal Info on Ripple ExecsThe impending case between the US Securities and Exchange Commission and the blockchain payment processor...

The world’s leading crypto exchange, Binance, is purportedly being investigated by the US Commodity Futures Trading Commission for allowing residents to trade derivatives without the necessary registration. Although Binance CEO CZ called the development “FUD,” the crypto market reacted with a sudden price drop. Citing people familiar with the matter, Bloomberg reported the CFTC had begun an investigation aiming to determine if Binance has violated any US rules. More specifically, the...

Alameda Research, founded back in 2017, is one of the leading research and trading firms in the cryptocurrency industry. The company has announced a $20 million investment in the cross-chain DeFi operating system Reef Finance.Alameda Research has invested $20 million in the popular DeFi cross-chain operating system REEF Finance.According to a press release shared with CryptoPotato, the company has made the investment by buying REEF tokens, and in doing so, it has become a significant...

It has been precisely a year since one of the worst trading days in the history of all financial markets. On March 12th, 2020, the day that became known as Black Thursday, every market was painted in dark red as the health and financial consequences of the COVID-19 pandemic became real to the entire world.While the heavily-regulated stock markets activated circuit breakers to ease the pain, no such options were available for the unregulated crypto market. As such, in a day when the S&P...

ETH/USD – Market Falls Into Lower Boundary of Ascending Price ChannelKey Support Levels: $1755, $1700, $1667.Key Resistance Levels: $1876, $1900, $1960.Ethereum started the week on a bullish note after rebounding above $1500 over the weekend. The cryptocurrency went on to form a short-term ascending price channel as it continued to push upward to reach the resistance at $1875 (1.414 Fib Extension).It could not close a daily candle above the resistance and ended up rolling over on Wednesday....