Tag Archives: social

The first consequences from the FCA ban on crypto derivatives trading in the UK are evident for the popular digital asset exchange Bybit. The company announced earlier that it will suspend its services to all customers based in the United Kingdom. Established in 2018, Bybit is a cryptocurrency exchange headquartered in Singapore with a reported user base of over one million registered clients. However, the firm will seize offering its services to UK-based customers, according to a recent...

Ripple’s CEO Brad Garlinghouse told Reuters in an interview today that the company is still conducting and growing its business in the Asia Pacific region despite the SEC legal case against Ripple and its executives. The last four months have been some of the toughest for Ripple after the company was slammed with a $1.3 billion lawsuit by the United States Security and Exchange Commission (SEC). The regulator alleged that Ripple and its executives, including Garlinghouse, conducted an...

Polkadot’s DOT went through a major flash crash on Binance’s COIN-margined futures platform which saw its price reduced to $0.20.The past couple of days have been somewhat challenging in the cryptocurrency market, as the entire capitalization saw around $150 billion wiped off.The adverse developments followed Wall Street’s slump as legacy markets suffer throughout the entire week.Meanwhile, Bitcoin’s realized correlation with the S&P 500 sits at a 5-month high which, naturally, reflects...

American basketball team Dallas Mavericks will now accept payments for tickets and merchandise in Dogecoin via the leading cryptocurrency payment processor, BitPay.Prior to the announcement, it already supported payments in cryptocurrencies, including BTC, BCH, ETH, USDC, GUSD, PAX, and BUSD. Its billionaire owner and Shark Tank star, Mark Cuban, cited the ‘very important’ reason behind the newest addition.All Bark And Some BiteMeme-inspired Dogecoin is finally getting some utility to go with...

Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen have recently appealed to Judge Analisa Torres, filing two separate motions to dismiss the US SEC’s amended complaint against Ripple and its executives.Regulatory OverreachIn a letter dated March 3, 2021, the Attorneys representing Garlinghouse stated that the lawsuit filed by the SEC against Ripple was simply a “regulatory overreach.”They argued that the SEC’s allegations of Garlinghouse aiding and abetting the sale of XRP, which...

With bitcoin currently enjoying a near 70% YTD increase, bullish predictions see the asset topping into a six or even seven-digit territory in the following decade. These projections came recently from Kraken’s CEO, Jesse Powell, and the Managing Director of Magnetic, William Quigley.Bitcoin to $150K in the Next YearFounded in 2010, Magnetic is an investment firm with a pro-cryptocurrency approach, having allocated funds in the industry as well. In a CNN appearance, the company’s Managing...

Bitcoin and traditional financial markets have been highly correlated over the past couple of months. This was clearly displayed over the past couple of weeks where the cryptocurrency followed stocks closely.BTC and S&P 500 Correlation SurgingData from the cryptocurrency analytics resource skew shows that the realized correlation between Bitcoin’s price and the S&p 500 has surged to a 5-month high. The last time it was at these levels was back in November 2020.Bitcoin – S&P 500...

Popular venture capitalist and Bitcoin bull Timothy “Tim” Draper predicted that major online streaming platform Netflix could be the next company to join the bitcoin buying bandwagon.Next Bitcoin Investor Could Be NetflixSpeaking in a recent episode of the Unstoppable Podcast, Tim Draper stated that Netflix could be the next in line to add bitcoin to its balance sheet. According to him, the company’s co-founder and co-CEO, Reed Hastings, makes Netflix a likely bitcoin investor. Draper...

The recent price developments have not deterred institutional investors from allocating funds in bitcoin. Just the opposite, the latest major withdrawal from Coinbase to custody wallets worth $630 million became a fact earlier today, suggesting that institutions keep accumulating.Institutions Double-Down on BTCCryptoQuant’s CEO Ki Young Ju has repeatedly outlined the connection between bitcoin’s price and institutions using the largest US-based crypto exchange, Coinbase, to purchase more of...

Retail investors appear to have flooded the third-biggest cryptocurrency by market cap – Cardano’s ADA. Google searches have skyrocketed to new highs in the past few weeks, coinciding with the latest price record for the ADA token.Cardano Google Searches Through the RoofGoogle trends data is generally a good indicator of the behavior of retail investors, especially when it comes down to the cryptocurrency space. The number of Google searches for a specific token/project provides a rather...