Tag Archives: btcusdt

The United States Securities and Exchange Commission (SEC) imposing a penalty of $1.26 million on reality star Kim Kardashian carries an important message about the regulator’s conviction on cracking down on sketchier corners of the cryptocurrency world. While many in the community acted in disbelief, others felt Kardashian was an easy target and that the SEC should have targeted the creators of EMAX instead. Peter Schiff, on the other hand, had a rather bizarre take on the...

The alternative asset manager – New York Digital Investment Group (NYDIG) – announced the departure of its CEO Robert Gutmann and its President Yan Zhao. Tejas Shah and Nate Conrad will take their posts, respectively. Changes at the Top The cryptocurrency-focused company revealed that its bitcoin balances hit an all-time high during Q3, up almost 100% YOY. At the same time, NYDIG’s revenue was up by 130% in Q2, followed by another increase in the next quarter. Nevertheless,...

The creator of the bitcoin Stock-to-Flow (S2F) model – PlanB – admitted that recently he made his third BTC investment. At the time of the purchase, the primary cryptocurrency was hovering around $20,000. Due to its significant price depreciation compared to the all-time high of $69,000 in November 2021, many people proclaimed bitcoin dead in the past several months. However, PlanB revealed that each of his crypto investments was at a time when pessimism was reigning. PlanB...

Bitcoin has yet to make a decisive move in any direction as the primary cryptocurrency continues to wrestle with the $18K support level. A bearish breakout below this position could be disastrous. Technical Analysis By: Edris The Daily Chart Bitcoin’s price overlaps with crucial support on the daily timeframe, as it oscillates in a very tight range between the significant descending trendline and the $18K support level. With minimal wiggle room between these levels, a...

Bitcoin’s weekend continues to be rather uneventful as the asset has settled at around $19,000. Most altcoins are also quite calm today, with minor daily losses. LUNC, on the other hand, keeps rising following another double-digit price increase. Bitcoin Boring at $19K The primary cryptocurrency had a quiet week, unlike the previous one. Last weekend saw the asset trade around $19,000, something that didn’t really change until Tuesday. At that point, the bulls stepped up and...

Janet Yellen – an American economist currently serving as the 78th US Secretary of Treasury – has displayed her anti-crypto position numerous times. During her 20-month reign, she has argued that bitcoin is unsuitable for conducting financial transactions and that people should not rely on investing in digital assets as part of their retirement strategy. Some recent reports hinted that Yellen could leave her post after the midterms at the beginning of November. It remains...

Bitcoin tried its hand at taking down $20,000 yesterday once again, but, just like it happened earlier this week, it was stopped and dropped by almost $1,000. Most larger-cap altcoins are slightly in the red now, while there are some gains from the mid-cap ones. Bitcoin Rejected at $20K Once More Bitcoin had a significantly less volatile week than the previous one when the US Federal Reserve’s actions pushed it south to a three-month low at $18,100. The asset recovered some...

One of the largest telephone operators and mobile network providers in Spain – Telefonica – partnered with the crypto exchange Bit2Me to allow clients to pay for services in digital assets. Cryptocurrency adoption seems to be on a high level in the Iberian country. A few months ago, the leading airline company – Vueling – said travelers will be able to purchase flight tickets in bitcoin and other assets from January 2023. Telefonica Says ‘Yes’ to Crypto The Madrid-based...

The Texas-based bitcoin mining giant is entering a merger agreement with SilverSun Technologies, a publicly-traded business technology solutions provider, as Rhodium is planning to list on Nasdaq after an initial delay. Meanwhile, the fall in the price of BTC and the ongoing crypto winter has caused bitcoin mining companies to struggle to stay afloat. Rhodium Makes Another Shot to go Public In an announcement on Thursday (September 29, 2022), the merger between SilverSun and...

Bitcoin’s bearish period still seems far from over as the price has been trapped in a consolidation region between $18K and $25K for the past four months. However, BTC is closer to breaking down the lower boundary, as it seems recently. Technical Analysis By Shayan The Daily Chart The 100-day moving average line, currently at $21.2K, has been acting as significant resistance to the price. In comparison, the $18K substantial support level remains the most critical price point...