Markets

Bitcoin’s price continues to consolidate in a tight range, as it failed to break a significant resistance level to the upside a few days ago. However, from a technical analysis standpoint, the time for a decisive breakout is near. Technical Analysis By: Edris The Daily Chart On the daily chart, the price is still consolidating in a large falling wedge pattern. These are commonly known as potential bullish reversal patterns in a bear market, provided they get broken to the...

Other than PayPal’s launch of the MetaMask integration, which is positive news for Ethereum, recent news about the world’s largest smart contract blockchain is mostly a yawn. Compared to last year this time, ETH is trading at a 68% discount, highlighting the exacerbated bear market of late. But it’s also worth outlining that it was the cryptocurrency market’s most boisterous bubble with its most catastrophic collapse, knocking out one crypto business and altcoin after another...

FTX’s collapse has shaken the crypto market to the very core. But this isn’t the first time the space has experienced significant turmoil related to the failure of an exchange. The fall of Mt. Gox, an exchange that oversaw 80% of all Bitcoin trades back in February 2014, did likewise. Its former chief executive officer – Mark Karpelès – was arrested in 2015 and was later acquitted on several charges four years later. While admitting that Karpelès did a “bunch of horrible...

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Als Reaktion auf die jüngsten Ereignisse in der Kryptowährungsbranche bereitet die kanadische Wertpapieraufsichtsbehörde (CSA) strenge Maßnahmen vor. Die gestrige Ankündigung beinhaltet Pläne zum Verbot von „fremdfinanzierten Transaktionen“ – oder fremdfinanzierten Geschäften – an allen in Kanada tätigen Kryptowährungsbörsen. Darüber hinaus wird eine Reihe zusätzlicher Vorschriften für den Krypto-Handel innerhalb des Landes eingeführt. Verbot von...

ADA price is showing bearish signs below the $0.30 support zone against the US Dollar. The price is now trading below $0.30 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.295 on the 4-hours chart (data feed via Kraken). The price could continue to move down if it stays below the $0.300 resistance zone. Cardano price is struggling below $0.300 against the US Dollar, similar to bitcoin. ADA price must stay...

Ethereum price is showing bearish signs below the $1,250 resistance zone against the US Dollar. ETH price is now trading below $1,240 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $1,270 on the 4-hours chart (data feed from Coinbase). The pair could start a recovery wave if it clears the $1,220 resistance zone. Ethereum price is struggling below $1,250 against the US Dollar. ETH/USD remains at a risk of...

The crypto winter is proving to be unbearable for some, but other businesses enjoy the cold weather. Binance is taking advantage of the current market conditions to expand into the Asian market by acquiring its third licensed crypto exchange. This Dec. 19, Binance confirmed that it became the majority shareholder of Indonesian cryptocurrency exchange Tokocrypto, appointing a new CEO following the resignation of Pang Xue Kai, its founder and now former CEO. As reported by CNBC...

Binance US chief Brian Shroder assured his followers on Monday that his exchange is prepared to process every last withdraw customer withdrawal – unlike certain competitors.  He also expanded on his company’s successful bid to purchase Voyager’s assets worth $1.02 billion and bring an end to the defunct crypto lender’s bankruptcy proceedings as soon as possible.  Replacing FTX US In a Twitter thread on Monday, Shroder confirmed that Voyager’s 3.5 million customers will soon...

Amid the incessant bear market, whales appear to be waking up from their slumber to move their ETH holdings that were untouched for about four years. According to the blockchain security company Peckshield Alert, large amounts of ETH were transferred on December 18th by two addresses that have remained dormant since October 2018. Dormant ETH Wakes Up 22,982 ETH, which is worth approximately $27.2 million at current prices, were moved to two new addresses. The emergence of old...