Markets

Top regulators like FinCEN and FATF have introduced several mandatory rules of reporting transactions taking place through unhosted wallets. Reportedly, such transactions have links to money laundering and terror financing and hence greater scrutiny over them is essential.As the crypto market matures, the debate between hosted and unhosted wallets is catching up with the heat. Hosted wallets also called custodial wallets often involve an intermediary. This intermediary takes care of services...

A bullish case isn’t on many people’s minds – but signs are cropping up that Bitcoin may indeed be headed for a trend reversal. Here are some signs explaining why BTC might be overdue for a renewed uptick. Bitcoin reached its all-time high of almost $65K on April 14, 2021, a little over a month ago. However, over the past 10 days the price violently broke down from the $50K mark and even reached $30K last Wednesday. Bearish sentiment affected the whole crypto market, as...

Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – has taken more jabs at the bitcoin mining process. Elon Musk Isn’t Done Asking Mining Questions People were shocked last week when Tesla announced it would not be accepting bitcoin payments for goods and services despite claiming it would do so back in March. Sadly, this sent bitcoin into a huge downward spiral, and at the time of writing, the world’s biggest and most...

Alex Krüger believes the current market dip is a good entry point for those who have no knowledge of the space to get in on board.American multinational investment bank and financial services company Goldman Sachs Group Inc (NYSE: GS) is set to release a new report to validate the progress of the cryptocurrency industry over the ages. A peek into a part of the report was unveiled on Twitter by Alex Krüger, a top crypto analyst and founder of asset management firm Aike Capital, who notably...

Bitcoin chopped downwards today towards $31K, looking to retest local lows made earlier in the week just around the $30K mark, according to Bitstamp. According to data from Bybt, over the past 12 hours the crypto markets saw liquidations of over $1.2 Billion in trader positions. As of writing these lines, BTC price is decreasing 15% over the past 24 hours, whereas major altcoins were hit even harder, with ETH down 21% to a current daily low of $1730, XRP down 24% to $0.65 –...

Bitcoin’s price has fallen once again following news from China. The Asian country says its regulatory authorities will begin cracking down on all mining and trading activities. China Seeks to Limit Trading and Mining The country has always had a rather up and down relationship with the world’s number one digital currency by market cap. At one point, there was more bitcoin activity occurring within China’s borders than any other region. China is also home to both Bitmain...

ETH/USD: Is Ethereum Losing The $2K Mark? Key Support Levels: $1,888, $1,800, $1,625. Key Resistance Levels: $2,000, $2,275, $2,400, $2,800. ETH is down by a steep 55% over the past eleven days, the day ETH saw its all-time high around $4,400, as the coin dropped beneath $2,000 earlier today. The cryptocurrency suffered a steep decline on Wednesday during the cryptocurrency market crash as it dropped from over $3,400 to reach as low as $2,036, according to Bitstamp. Despite...

Bears continue to take their toll on the cryptocurrency market as the prices are still bleeding out. The total market capitalization lost over $180 billion since yesterday’s peak. It’s worth pointing out, though, that throughout the past few days, Bitcoin’s dominance – the index that tracks BTC’s share relative to that of the entire market – is increasing and now sits at almost 46%. Bitcoin Price Slides Below $35K Yesterday, bitcoin’s price was on the verge of recovery. It...

How could bitcoin have fallen so drastically in this time? Bitcoin Has Dropped Heavily Dr. Marion Laboure – an analyst at Deutsche Bank in London – said of BTC this week: Just as a fashion faux pas can happen suddenly, we just received the proof that digital currencies can also quickly become passe. It took bitcoin a mere three months to go from trendy to tacky. In many ways, it could probably be argued that it took even less time. The world’s largest and most popular...

Tesla’s electric vehicle competitor Fisker Automotive has no plans to interact with bitcoin, said the company’s CEO, Henrik Fisker. During a recent interview, the executive also touched upon the growing environmental concerns and called BTC “not a sustainable solution.” Fisker Won’t Get Involved With Bitcoin Although Tesla and its CEO, Elon Musk, caused massive turbulence in the markets most recently, the electric vehicle maker is actually one of the largest BTC holders....