New Crypto Bill Demands SEC And CFTC To Draft Rules For Trading Platforms

Senior House Republicans have officially introduced a bill that seeks to change how crypto markets function in the United States. Republican members of the Agriculture and Financial Services Committees of the United States House have introduced this bill to create a regulatory framework for digital assets. Submitted on July 20, the Financial Innovation and Technology for the 21st Century Act […]

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Crypto VC funding tumbles as economic uncertainty scares off investors

The month of June closed out with a 29.73% decrease in venture capital investments, with just $779.32 million raised in 62 individual deals, according to data from the Cointelegraph Research Venture Capital Database. While the United States Federal Reserve halted interest rate hikes in June, the macroeconomic climate remains unchanged due to geopolitical uncertainties and continued efforts to tame inflation […]

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Bitcoin Returns To Sideways Trend And Loses $30,000 Support

Cryptocurrency analysts of Coinidol.com report, Bitcoin (BTC) price falls below the psychological price level of $30,000 as bears break below the 21-day support SMA. Bitcoin price long-term forecast: bearish Resistance at $31,500 has slowed the uptrend. The bearish momentum is likely to continue until the price falls above the 50-day line SMA. In other words, the decline will continue until […]

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Binance CEO warns of phishing scams as Uniswap founder gets hacked

Binance CEO Changpeng “CZ” Zhao is the latest figure in the cryptocurrency industry to warn against the increasing number of phishing attacks. CZ took to Twitter on July 21 to warn his readers about phishing and other social engineering scams. He also recommended cryptocurrency exchange users rely on hardware devices for two-factor authentication (2FA), instead of using mobile carrier-based 2FA […]

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Indonesia launches its crypto exchange and clearing house

The national cryptocurrency exchange announced by the Indonesian government a week ago has begun to function, according to a statement from the country’s Commodity Futures Trading Supervisory Agency, known as Bappebti. The platform will be the only space in the country where the legal exchange of digital assets is allowed.  Bappebti confirmed the opening of the exchange on July 20. In […]

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Bitcoin Hash Ribbons Capitulation Triggers Cautionary Outlook

Charles Edwards, the mastermind behind the Bitcoin Hash Ribbons signal and founder of Capriole Investments, has sounded the alarm. The renowned analyst warns that the Hash Ribbons capitulation signal just flashed, a phenomenon that has historically accompanied moments of distress for BTC miners. As outlined by Edwards, Bitcoin’s hash rate had experienced an astonishing and seemingly unsustainable 50% surge in […]

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Crypto Analyst Suggests XRP May Never Break All-Time High

Recently, a popular crypto analyst sparked a debate in the XRP community by suggesting that the digital asset may never exceed its all-time high (which was around $3.40 and reached on 7 January 2018). The pseudonymous analyst, known as “The Wolf,” shared his thoughts on Twitter, triggering a flurry of responses from the crypto community. The Wolf, who has a […]

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