Markets

Bitcoin cash price started a fresh decline from the $135 zone against the US Dollar. The price is now trading above the $125 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $128 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $128 and $125 support levels. Bitcoin cash price is declining from the $135 zone against the US Dollar, unlike...

Robinhood’s cryptocurrency trading volume hit $3.7 billion last month, a 95% increase compared to December 2022.  Contrary to the good start of the year, the 2022 bear market took its toll on the firm’s crypto revenue. It also dismissed nearly a third of its total headcount. Starting off on the Right Foot The cryptocurrency market made an impressive comeback during the first month of 2023, with most assets significantly increasing their valuation compared to the end of 2022....

Leading cryptocurrency exchange Binance had “gaps” in regulatory compliance in the first few years after its launch in 2017, the company’s Chief Strategy Officer (CSO) Patrick Hillmann told the Wall Street Journal in an interview. Hillmann revealed that Binance had missteps during the implementation of its security measures, such as the Know-Your-Customer (KYC) protocol and the Anti-Money Laundering (AML) rules designed to combat money laundering activities. Binance Admits...

Bitcoin’s price exploded following a consolidation and pullback phase. It is currently testing a key resistance level, and its reaction will likely determine the short-term future of the market. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is retesting the $25K resistance level once again after a rejection and bearish pullback several weeks ago. Considering the last day’s candle, bullish momentum seems very high at the moment, and a breakout...

According to Nobel Prize-winning economist Paul Krugman, there are many people out there likely getting rid of their crypto and trading it in for gold. Paul Krugman Thinks Gold Is Outdoing BTC The last 12 months have been marred by bad crypto activity. Bitcoin, for example, lost more than 70 percent of its value following its hike to $68,000 per unit in November of 2021, a new all-time high for the world’s number one digital currency by market cap. Many other assets...

Avraham Eisenberg, the 27-year-old Puerto Rico man who made over $100 million by exploiting the decentralized finance (DeFi) protocol Mango Markets in October 2022, is seeking to keep part of the funds as a bug bounty. In a court document filed at the US District Court for the Southern District of New York on Wednesday, Eisenberg’s lawyers claimed the exploiter had already returned enough of the funds, referring to the $67 million he gave back to the protocol after the...

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