Ethereum saw a 3% price decline over the past 24 hours of trading as the cryptocurrency drops into the $150 level.ETH was previously struggling at the 100-days EMA at around $175, which caused it to fall.Against Bitcoin, the bulls are battling to keep the cryptocurrency above 0.0229 BTC support.Key Support & Resistance LevelsETH/USD:Support: $144, $140, $130.Resistance: $165, $170, $180.ETH/BTC:Support: 0.0229 BTC, 0.0223 BTC, 0.0219 BTC.Resistance: 0.023 BTC, 0.0239 BTC, 0.0247...
Read More »Bityard Has Now Officially Launched: Special Sign-Up Bonus of 258 USDT
[PRESS RELEASE – Please read the disclaimer below]Bityard, the world’s leading digital contract trading platform, has officially launched. According to sources, Bityard has received a strategic investment from a US hedge fund worth 10 million dollars, creating a precedent in the industry for complex contracts and simple transactions. At Bityard, our ambition is to foster research and development of relevant forward-looking technology, overseas market expansion, and ecological construction of...
Read More »Central Bank of South Korea Introduces Pilot Program for Testing Digital Won
Digital won will pass extensive testing by the Bank of Korea staff. Per the official announcement, the program will last until December 2021.South Korean businesses and officials were talking about the government-backed stablecoins since December 2018. The Central Bank was hiring different industry experts. The experts prepare research on the CBDC related progress in other countries. Also, they propose own legal initiatives to improve the project. Now the Central Bank seems to be working...
Read More »Lawsuits Filed against Binance, Block.one, BitMEX and Other Crypto-Related Companies
Binance, Block.one, BitMEX, BiBox, KayDex, BProtocol, Status and TRON Foundation received the class-action lawsuits. The lawsuits claim that those companies were selling or helping with the selling of unregistered securities.Binance, Block.one, BitMEX, TRON Foundation, BiBox and others received an astral hit. Well, not quite astral, but rather juridical. Because the regulators are mad when someone is doing things wrong.All the lawsuits are filed to the Southern District of New York. Per the...
Read More »Sitting Aside: Record-Breaking 6 Billion Tether (USDT) In Circulation Following Major Bitcoin Price Volatility in March
The number of circulating Tether (USDT) coins now exceeds 6 billion. Tether, and most stablecoins, have been continuously minting new coins to cope with the growing traders’ demand in times of high volatility and uncertainty in the cryptocurrency market.Over 6B USDT In CirculationThe past month was especially turbulent in terms of volatility, to say the least. Most cryptocurrencies were on the downhill, mainly due to the violent price actions in mid-March. The market tanked by as much as 50%...
Read More »Waiting For Bullish Command? More Than $1 Billion Stablecoins Balance Waiting On Exchanges
Over $1 billion worth of stablecoins is currently stored on certain cryptocurrency exchanges. Such an extensive amount sitting on the sidelines begs the question if traders are simply waiting for a definitive bullish sign to reenter the market.Over $1B Worth Of USDT and USDC On ExchangesAs Cryptopotato reported earlier this month, most stablecoins’ have been increasing drastically in terms of market capitalization. This came during some of the worst trading days for the cryptocurrency market...
Read More »#846 Tether Bilanz wächst auf 6 Mrd. USD, Hive Token Wert höher als Steem nach Hardfork
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 846. Heute sprechen wir über folgende Themen: Tether Bilanz wächst auf 6 Mrd. USD, Hive Token Wert höher als Steem nach Hardfork. 1.) Tether Bilanz wächst auf 6 Mrd. USD – Wie vertrauenswürdig ist die Kryptowährung?https://cryptomonday.de/tether-bilanz-waechst-auf-6-mrd-usd-wie-vertrauenswuerdig-ist-die-kryptowaehrung/ 2.) Steemit’s Blockchain Fork Hive Outperforms Steem Token...
Read More »Bybit Announces Sweeping Changes with New USDT Contracts
The rollout of USDT contracts introduces some major flexibility improvements to margin accounts. USDT will be the single currency for all user account balances, profits, and losses.March has been an extremely challenging month for the crypto markets, but at least some exchanges are keeping calm and carrying on with their roadmaps. Bybit has confirmed it’s rolling out some significantly enhanced functionality to its trading platform with the introduction of USDT contracts. The changes will...
Read More »Is Bitcoin Going Up Due to an Influx of Tether?
Bitcoin is currently trading in the mid-$6,000 range. While it had expanded all the way to $6,800 during today’s early morning hours, it appears to have settled down a bit and taken a comfortable seat at around $6,400 during the time of writing.Bitcoin Has Seemingly Recovered SomewhatBitcoin is not alone in its present ascension. The currency is joined by the likes of Ethereum, Ripple and bitcoin cash, all of which have spiked by as much as 22 percent in the last 48 hours. The crypto downfall...
Read More »Stablecoins’ Market Caps Skyrocket Following Bitcoin & Cryptocurrencies Sell-Off During March
So far, the past month had seen some of the worst days in Bitcoin’s price history. Following the emerging coronavirus crisis, Bitcoin plunged from a high of over $10K in mid-February, to a current low of $3,600 reached March 12. Since then, the price had recovered to the $6,000 area, but March is not yet over.The drop affected almost all of the cryptocurrencies and stablecoins were the only ones that saw their market cap increased.Stablecoins’ Growth Amid The Sell-OffsAs the name suggests,...
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