Crypto news

Billionaire investor Jeff Gundlach – who has since garnered a reputation for being a “bond king” – has laid out his thoughts regarding bitcoin and today’s financial markets. While he denies being a legitimate “bitcoin hater,” it’s clear from his recent words that he doesn’t believe in it, and he’s convinced that the cryptocurrency is nothing like what it’s fans claim it to be.Jeff Gundlach Doesn’t Believe in BTCIn a recent interview, he commented:I don’t believe in bitcoin. I think it’s a...

The hype of the crypto markets after Square announced a $50 million investment in Bitcoin catapulted the token above the psychological barrier of $11k, sparking a general optimism among BTC bulls… But the bears are also rubbing their hands as they wait for a price correction. According to data from the Bitcoin metrics company, Santiment, the activity of bears in Bitcoin-focused trading channels has surpassed the peaks of 2 months ago, especially after Bitcoin broke the...

At the time of writing, the price of bitcoin has shot up by more than $300. It’s often been reported that September is a naturally bearish month for bitcoin and several other assets, but that it will usually fail to have any lasting effect on the price of the currency. It will not carry anything into the fourth quarter, and thus far, things are playing out as normal.Bitcoin Is Up Even More TodayThere is more good news in that it looks like bitcoin is becoming far more mature and much more...

ADA/USD – New Monthly High and Attempt Break Above 2019 HighsKey Support Levels: $0.104, $0.1, $0.0974.Key Resistance Levels: $0.114, $0.12, $0.123.Cardano bounced from the support at $0.0932 (.5 Fib Retracement) this week, which allowed it to surge by 15%. On the way up, ADA broke above resistance at $0.1 to close the daily candle at the $0.104 resistance yesterday. A bearish .382 Fib Retracement level provided this resistance.Today, ADA continued higher above $0.104 as it makes its pace...

This week, Belgium’s Financial Services and Markets Authority made a startling revelation. Cryptocurrency fraud victims have lost at least €10 million between May 2019 and September 2020, the financial regulator said.Belgians Have Lost €10 Million In Cryptocurrency FraudBelgian citizens have lost almost 10 million euros to fraudulent crypto investment schemes. Belgium’s apex financial authority, the Financial Services and Markets Authority, said on Monday. According to the watchdog, this data...

Although the cryptocurrency spot and derivatives trading volume declined on most platforms in September, Binance has taken the lead as the largest derivatives exchange, a new report revealed.Simultaneously, the regulated Chicago Mercantile Exchange (CME) saw steady Bitcoin futures performance, while the options trading exploded.Binance Takes The Top Spot For Derivatives TradingThe data analytics company CryptoCompare explores the performance of the most popular digital asset exchanges on a...

Following yesterday’s surge to about $11,500, Bitcoin has retraced slightly and trades at about $11,350. Most altcoins have also calmed after charting two consecutive days of gains.Bitcoin Steady Above $11KAs reported yesterday, the primary cryptocurrency initiated an impressive leg up. Bitcoin went from about $10,900 to its new monthly high of nearly $11,500 with just a few hourly candles.After registering such notable gains in a relatively short period, BTC has retraced slightly and calmed....

Bitcoin has once again shot past the $11,000 mark. This is the first time the world’s number one cryptocurrency by market cap has hit this number since September 19. While it’s easy to get excited at first, many crypto enthusiasts are likely wondering, “Will this figure last?”Will Bitcoin Retain This Momentum?The world’s primary form of cryptocurrency has experienced a rough 40 days. From the end of August through early October, bitcoin has suffered under the crippling bearishness of...

The Department of Justice (DOJ) has unveiled its new 80+ page plan to combat illegal cryptocurrency activities such as terrorist funding, money laundering and outright theft.Department of Justice: We Will Stop Crypto Crime Once and For AllThe crypto scene has come a long way in the last ten years. Unfortunately, it is still marred, to a certain degree, by a lack of regulation. Many times, criminal activity either goes unnoticed or slips through the cracks of even some of the largest trading...

Unocoin – the first cryptocurrency exchange established in India – has just completed a Series A funding round that has garnered the company as much as $5 million from the likes of Tim Draper and other top-notch crypto investors.Unocoin Heads Into Uncharted TerritoryIndia is facing a massive crisis in that regulators are now looking to potentially ban digital trading, rather than simply business and banking relationships between crypto firms and traditional financial institutions. Many...