Tag Archives: News

The long-awaited launch of arguably the world’s largest cryptocurrency exchange for the American market, Binance US is finally here. Binance US opens today Wednesday the 18th of September, and promises to deliver world-class digital trading technology with great speed, ensuring a remarkable experience for all of its customers. Before now, the crypto exchange had its services restricted in the US and later announced that it will open a more American specific platform to cater to the...

ADA price started a strong rise from the $0.0450 support area against the US Dollar.The price is currently gaining momentum above $0.0500 and it could continue to rise in the near term.There is a strong support forming near $0.0475 and a bullish trend line on the 4-hours chart (data feed via Kraken).The price is likely to rally sharply if it breaks the $0.0525 and $0.0530 resistance levels.Cardano price is gaining bullish momentum against the US Dollar and bitcoin. ADA price could continue to...

The United States Commodity Futures Trading Commission (CFTC) has welcomed a new member to its team. They have appointed Dorothy D. DeWitt, General Counsel of Coinbase‘s Business Lines and Markets and the vice president, as the director of the Division of Market Oversight (DMO).According to the CFTC’s announcement, at CFTC, Dorothy D. DeWitt will be responsible for supervision of derivatives platforms and swap data repositories, as well as evaluating new platform-traded products. Ms. DeWitt...

Bitcoin price is trading in a minor downtrend below the $10,500 resistance against the US Dollar.The price is holding a couple of important supports near the $10,150 and $9,880 levels.There is a crucial breakout pattern forming with resistance near $10,320 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could either rally sharply above $10,350 or it could extend its decline to $9,880 and $9,750.Bitcoin price is trading in a contracting range above $10,000 against...

At press time, you may not think bitcoin is doing much… And you’d be right. In fact, the currency has barely swung at all over the past 1-2 weeks and has largely remained between $10,100 and $10,300. Volatility Has Dropped for BitcoinThis is because the currency has reached its lowest level of volatility since May of this year. This is a bit of a downer given that the currency isn’t spiking the way it was last April through July, but it’s also somewhat of a blessing. Those of us truly...

As the CEO of investing firm Blackstone, CEO Steve Schwarzman says that he’s used to a world where currencies are controlled by a central body, and thus he’s not a huge fan of how crypto is structured. Schwarzman: I Don’t Understand CryptoThis is to be expected from someone who’s been involved in traditional finance for most of his professional life. Having started the company in the mid-1980s, Blackstone has become one of the most successful trading platforms in the western hemisphere,...

American multinational megabank, Wells Fargo, has revealed its plans to launch a digitized platform which will be used for internal settlements. The service, Wells Fargo Digital Cash, as well as the company’s own U.S. dollar-backed stablecoin, are slated for debut in 2020 and targeted at making USD transfers with a broader plan to accommodate transfers in other currencies within the whole Wells Fargo network.Wells Fargo is an American community-based financial services firm that offers...

Tim Draper has made a real name for himself in the world of crypto given his consistent bitcoin price predictions and his purchase of Ross Ulbricht’s bitcoin stash during an auction following the Silk Road creator’s arrest. Draper Thinks His Prediction Falls Short of BTC’s PotentialHis most recent price prediction says that bitcoin will reach $250,000 per unit by the time 2023 rolls along. However, in Draper’s own words, this prediction is relatively “conservative.” He comments that several...

The Australian Securities and Investments Commission (ASIC) has announced that a 21-year-old mother has been arrested following an investigation into an online syndicate accused of stealing and laundering millions of dollars worth of funds from superannuation and share-trading accounts through the use of cryptocurrency. ASIC alleges that the suspect, Jasmine Vella-Arpaci, comprised a key member of a criminal syndicate self-identified as ‘Team Awesome’. The group is accused of purchasing...

According to a recent survey conducted in the UK, about 20% of rich young people (born between 1981 and 1996 with at least £25,000 in investable assets) hold BTC or other digital currency. The proportion of British holding digital assets, which accounts for about 3% total population, shows that the proportion of young people holding digital assets is much higher than the whole national average. If invest-able assets were raised from 25,000 to 75,000, the proportion of eligible young people...