Markets

To say that a lot has happened over the past seven days would be an understatement. Starting off with Bitcoin’s price, it’s currently trading at around $10,500, down $150 over the week.Everything was going relatively well for BTC. It peaked above $10,900, giving many people hopes that we will finally see a breach above $11,000 and a restart to the bull run. However, it was yesterday when things took a turn for the wors.As CryptoPotato reported, the US Commodity and Futures Trading Commission...

BitcoinOver the past seven days, Bitcoin dropped by a total of 2% as it currently trades around the $10,500 level. The week was pretty interesting after it rebounded from a 6-month-old rising trend line last week. After bouncing, it continued higher to reach as high as $10,900 at the start of October.Unfortunately, Bitcoin failed to break resistance at a falling trend line, and it rolled over yesterday to drop back into the support at a long-term rising trend line. These two trend lines...

It pays to be a miner and process cryptocurrency transactions on a proof-of-work blockchain. The Ethereum miners know this especially well as they made a record $166 million last month from transaction fees. Bitcoin miners, however, could barely manage to scoop up $26 million.Ethereum Miners Made 6X More Money Than Bitcoin Miners in SeptData from on-chain insights provider Glassnode shows that miners operating on the second most popular blockchain platform made a hefty $166 million from...

The strategic partnership between Dash and SDM will help consolidate Dash’s business strength with re-spendable and secure transactions, with near-zero fees.Dash, one of the world’s largest cryptocurrencies by market capitalization has entered into a partnership with Secure Digital Markets (SDM) to help pump liquidity into the Dash Network by leveraging SDM’s Over-the-Counter (OTC) trading desk.The hallmark of every digital currency is to ensure adequate liquidity in a bid to meet growing...

Bitcoin’s price continues to tumble in response to yesterday’s breaking news that the United States Commodity and Futures Commission (CTFC) and the Federal Bureau of Investigation (FBI) have both decided to take legal action against leading Bitcoin derivatives exchange, BitMEX. $18 billion has been wiped out from the global crypto market since the announcement, and over $20.3 million worth of long positions have been liquidated on BitMEX. There’s also talks that the market...

Tesla CEO Elon Musk indicated on Friday that the company will make a foray into India in 2021. Meanwhile, TSLA stock is down in the pre-market today.Tesla Inc (NASDAQ: TSLA) stock jumped 4.46% yesterday to close the day trading at $448.16. The gains had, however, been wiped out during Friday’s pre-market whereby they were down approximately 4.55% to trade around $427.75. Meanwhile, there are talks that Tesla may enter the market of India quite soon.Tesla bulls have been gathering momentum...

With all the benefits and options available, Dfinance has high chances to become one of the leading platforms in DeFi by 2021.The Dfinance project is not exactly the WING foundation was aiming to create from the start. Rather it was born out of necessity while researching and analyzing extensively for new potential market fit.The crypto market was realizing the growth potential of decentralized finance (DeFi) back in late 2018. However, the WING team noticed a glaring reality – in the...

The principal of a cryptocurrency escrow company, Jon Barry Thompson, has pled guilty in Manhattan federal court to commodities fraud. In 2018, he took over $3 million from one company and failed to deliver bitcoins worth that amount.Crypto Fraudster Pleads GuiltyThompson served as the director of Volantis Escrow Platform LLC and Volantis Market Marking LLC. According to the statement from the US Department of Justice (DOJ), he issued numerous promotional materials on behalf of the two...

Yesterday, the United States Commodity Futures Trading Commissions (CFTC) filed charges against BitMEX and its executive team, pressing both criminal and civil allegations. Its CTO, Samuel Reed, was arrested. The platform’s CEO, Arthur Hayes, and its cofounder Ben Melo are still under the radar.The news spread quickly throughout Crypto Twitter, and of course, the community reacted with mixed but well-argued opinions.The Bitmex Case is BadAs soon as the news came out, the nervousness of the...

Following a positive Covid-19 test result from one of Donald Trump’s closest aides, the POTUS himself took the test which produced the same result for him and the First Lady. He tweeted the news a couple of hours ago.Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!— Donald J. Trump (@realDonaldTrump) October 2, 2020Global stock markets have already reacted in a heavy slide, and crypto markets...