Markets

On March 23, CNBC reported that a group of Binance angels shared techniques that allow users to bypass the platform’s KYC, residency, and verification systems. CNBC confirmed the information by reviewing hundreds of messages posted on a Discord server and a Telegram group controlled and operated by Binance, which apparently ran from 2021 to March 2023. Crypto is banned in China, but Binance employees and volunteers tell people how to bypass the ban https://t.co/ddssYTwimH —...

Bitcoin appears to have endured a solid year thus far. In February, for example, the world’s number one digital currency by market cap hit a six-month high of about $25,000, thus having expanded its price by roughly 50 percent since the end of 2022. For the most part, everything appears to be looking up for BTC, but there are still some detractors that believe the currency is trapped in a bearish pattern. Bitcoin May Not Be In Holly-Jolly Land Yet One such detractor is...

The trading volumes have gone down during the weekend, resulting in BTC failing to produce any significant moves in either direction. The altcoins have also stalled on a daily scale, while XRP has emerged as one of the best performers for the past seven days. Bitcoin Boring at $27.5K A lot happened in the cryptocurrency industry in the past few weeks, and bitcoin has somewhat expectedly taken a break now. The asset exploded from under $20,000 to over $28,000 during the US...

Scammers adapt better than we can imagine and change depending on the market situation. This revelation was made in a recently hosted webinar by prominent blockchain analytics firm Chainalysis wherein it gauged crime trends in the industry market during the crypto winter. The data gathered by the firm revealed how scammers adapted to the developments and volatility of the crypto market. Not all scams behaved the same way in the context of the bear market. This time around, it...

Bitcoin jumped above $29,000 yesterday to chart a new nine-month high, but that was short-lived and the asset retraced hard in the following hours. Most altcoins are deep in the red as well, with SOL, APT, LDO, OKB, and others dropping by over 5%. Bitcoin Fails at $29K The primary cryptocurrency’s climb had culminated at jumping to $28,800 mid-week ahead of the Federal Reserve’s decision on whether to continue to increase the interest rates. As many local banks struggled due...

The United States Securities and Exchange Commission has often talked about the purported “dangers” of crypto-assets while highlighting the need to strongly regulate the industry. It wasn’t until the FTX blow-up that the regulator stepped up its aggression. In yet another instance stigmatizing the asset class, the securities watchdog has released a bulletin urging investors to exercise caution when dealing with cryptocurrencies. SEC’s “Investor Alert” The SEC’s Office of...

A UK competition regulator eases off slightly on the Microsoft-Activision deal, sending the gaming publisher’s shares soaring.  Activision Blizzard Inc (NASDAQ: ATVI) shares surged Friday on positive news about the UK’s Competition and Markets Authority’s stance toward the Microsoft (NASDAQ: MSFT) deal. According to reports, the British competition regulator has eased off on the impending Microsoft takeover. In a statement, the CMA stated that it no longer deemed the computer software...

Bitcoin, Ethereum, and many other leading digital currencies are coming to form after the horrors of 2022. They are experiencing solid bull runs, and Cameron Winklevoss – one half of the Winklevoss Twins – is claiming that a big bull run is heading our way, and that the U.S. needs to begin embracing crypto as a whole or risk being left behind forever. Cameron Winklevoss Thinks Big Things Will Happen for Crypto 2022 was easily the worst year on record for bitcoin and its...

Ripple’s price has broken above a critical resistance level on the XRP/USD paired chart, which could initiate a rally in the coming days. Yet, it could still be too early to state that the bear market is over. Technical Analysis By: Edris XRP/USD Daily Chart On the USDT paired chart, the price has broken above the 50-day and 200-day moving average lines, along with the critical $0.43 resistance level. The breakout comes after months of consolidation. However, the price is now...

Ethereum’s price has been consolidating over the past week as the price is struggling to break above a key resistance area. Did ETH mark a local top? Technical Analysis By: Edris The Daily Chart: On the daily time frame, ETH’s price has broken above the symmetrical triangle pattern lately and above the 50-day moving average line (around the $1600 mark). However, ETH is trading inside a very tight range above the broken triangle and has yet to break with confidence above the...