Markets

The market has struggled to push above the significant resistance level of $25K, and now the price is slowly declining. Therefore, the possibility of a correction before the next rally has increased. Technical Analysis By Shayan The Daily Chart The $24K-$25K region is currently providing the most significant resistance for Bitcoin on the daily timeframe. It’s also a vital psychological level, as it has been the main barrier during the last eight months. However, due to the...

Tether Holdings Limited – the company behind the largest stablecoin USDT – revealed a net profit of around $700 million in the fourth quarter of 2022. It ended last year with excess reserves of $960 million and at least $67 million billion in consolidated total assets. Tether Remained Unfazed by the Bear Market Even though 2022 devastated the entire cryptocurrency sector, Tether’s net profits increased by over $700 million in Q4. It reduced its secured loans by $300 million...

Bitcoin, Ethereum, and several other forms of crypto have been enjoying something of a rally over the past few weeks. These assets, along with many others, have enjoyed easing market conditions that have allowed them to jump to four-month highs and allegedly begin to put 2022 – arguably the worst year for crypto on record – behind them, but with news of “extraordinary measures” being taken by Janet Yellen and others in the U.S. financial district to prevent chaos from...

Coinbase verwaltet 20 Milliarden US-Dollar Coinbase führt ab Samstag, den 4. März 2023, gegen 17:00 Uhr MEZ ein planmäßiges System-Upgrade durch. Die Wartungsarbeiten werden voraussichtlich bis zu acht Stunden dauern. Allerdings kann die tatsächliche Dauer von dieser Schätzung abweichen, so schreibt Coinbase in einer Nachricht an alle Kunden. Während dieser planmässigen Unterbrechung sind der Handel und Guthabentransfers auf Coinbase.com (Simple und...

The goal of the BNB Greenfield is to unleash the power of decentralized blockchain and storage technology on data ownership and data economy. Das Entwicklerteam des BNB-Netzwerkes hat mit „Greenfield“ die neueste Ergänzung seines Ökosystems vorgestellt. Ein neues Protokoll soll es Entwicklern und Nutzern ermöglichen, ihre Daten über ein dezentrales Netzwerk von Speicheranbietern zu hosten. Die Binance Coin (BNB), die native Währung von Binance, soll...

EOS price started a downside correction from the $1.135 resistance against the US Dollar. The price is now trading below $1.10 and the 55 simple moving average (4-hours). There was a break below a connecting bullish trend line with support near $1.062 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it fails to stay above the $1.02 support zone. EOS price is declining from $1.135 against the US Dollar, similar to...

Litecoin started a steady increase above $92 against the US Dollar. LTC price is now trading below $100 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $95 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains above the $100 and $105 resistance levels. Litecoin price is correcting gains from $102 against the US Dollar, similar to bitcoin. LTC price could start...

Cryptocurrency exchanges will supposedly not promote their products and services during Super Bowl LVII this Sunday (February 12). The bear market in 2022 shook the industry to its core, wiping out close to $2 trillion and causing multiple bankruptcies. One of the most active advertisers at last year’s Super Bowl was FTX, whose demise in November still echoes across the industry.  From ‘Crypto Bowl’ to No Ads at All The most anticipated event in the National Football League...

Binance, the biggest exchange in crypto, seeks to revive trust in the industry after an onslaught of hacks and scams that ravaged its reputation last year.  The company is helping bring together a consortium of fellow businesses intent on proving how well the space can cooperate with regulators. Bringing Back Trust As reported by CoinDesk, the consortium already includes multiple companies, spanning from individual projects, to exchanges, to blockchain analytics firms. Its...

As the Securities and Exchange Commission (SEC) continues vying for regulatory presence over the crypto market, a high-profile industry lawsuit looks poised to answer more questions about how far its authority should reach.  Lawyers defending Ishan Wahi – a former Coinbase manager accused of insider trading – are challenging the SEC’s claim that a list of 9 cryptos Wahi interacted with are, in fact, securities.  Which Cryptos Are Securities? Per an argument filed on Monday,...