TA: Bitcoin Struggles Below $36K, Why BTC Could Extend Losses

Bitcoin price is showing bearish signs below $35,800 and $36,000 against the US Dollar. BTC is likely to continue lower below the $34,000 and $33,000 support levels in the near term. Bitcoin is trading in a bearish zone below the $35,800 and $36,000 resistance levels. The price is gaining bearish momentum below $35,500 and the 100 hourly simple moving average. […]

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President Biden freezes FinCEN's proposed crypto wallet regulations

One of the first actions President Joe Biden has taken on his first day in office is to freeze Federal regulatory process, including the controversial self-hosted crypto wallet regulations proposed by former Treasury Secretary Steven Mnuchin. The announcement came in a White House memorandum for the heads of various federal agencies, the Financial Crimes Enforcement Network (FinCEN) included. The edict […]

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Thailand’s Stock Exchange Excludes Cryptos from Upcoming Digital Asset Exchange Platform

Thailand’s stock exchange is preparing to launch a new trading platform that would not include cryptocurrencies. Crypto Exempted From SET’s Planned Trading Platform According to the Bangkok Post on Wednesday (Jan. 20, 2021) the Stock Exchange of Thailand (SET) announced plans to launch a digital assets trading platform. The upcoming platform will include different tokens except cryptocurrencies. The Thailand bourse […]

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Crime-Related Crypto Spending Fell in 2020, Despite Janet Yellen's Concerns

Key Takeaways Janet Yellen, incoming U.S. Secretary of the Treasury, has suggested crypto is largely used in criminal activity. However, criminal spending actually fell last year to $10 billion. That amount represents just 0.3% of all crypto spending. During her Senate confirmation yesterday, incoming U.S. Secretary of the Treasury Janet Yellen raised concerns around the use of cryptocurrencies in criminal […]

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Dragonfly Capital becomes third largest validator on NEAR mainnet

Dragonfly Capital have announced that their Managing Director Haseeb Qureshi will join the NEAR Validator Advisory Board (NVAB). Dragonfly Capital will be instrumental in helping NEAR through its next phase of adoption.  Dragonfly Capital is a global investment company that focusses on Crypto research and analysis. Its Crypto investments include 1inch Exchange, Bybit, Celo, Compound, DyDx, Maker and Oasis Labs, to name just a […]

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Grayscale CEO outlines 6 themes that will shape crypto market in 2021

Michael Sonnenshein, the newly appointed CEO of Grayscale Investments, believes 2021 will mark another pivotal year for digital-asset investing as institutional capital and nation-state adoption drive the next leg of the bull market. In a keynote address at this year’s virtual CFC St. Moritz Conference, Sonnenshein identified three key investment themes that underpinned Bitcoin’s (BTC) dramatic breakout in 2020. They […]

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Bitmain Founder To Launch First-Ever Bitcoin Cash Option

Bitmain founder Jihan Wu, one of the most influential names in the crypto space, will be offering perpetual swaps on Bitcoin Cash (BCH) through his platform, Bit.com, from February 1. Well-known Chinese blockchain journalist Colin Wu announced this news through Twitter: What Is Bit.com? Bit.com is a secure and high-performing derivative exchange launched by Jihan Wu’s Matrixport, a Seychelles-based integrated […]

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