Bitcoin (BTC) rebounds above the $38,000 support as the crypto retests the $41,000 resistance zone. In the first attempt on June 14, BTC's price rallied to $40,980 high but couldn’t penetrate the resistance zone. BTC’s price was compelled to a sideways move and later fell above $38,000 support. Today, buyers have a second chance to retest and break the resistance […]

A new study by the United Kingdom’s Financial Conduct Authority has indicated a significant increase in cryptocurrency ownership in the country. On Thursday, the FCA published the results of a consumer survey which found that 2.3 million adults in the U.K. now hold crypto assets, up from 1.9 million last year. Alongside the increasing number of crypto investors, the study also identified […]

24 Exchange, the over-the-counter (OTC) platform established by Fastmatch Founder, Dmitri Galinov, has significantly expanded its team with three new hires. Michael Serpa joined the firm as the Global Head of Liquidity Management, Cristian Arellano as the Vice President of Andean Market, and Keith Sedergreen as a Consultant to cover sales in the Australia-Asia region. Operated by 24 Exchange Bermuda […]

No matter what you believe about USDT—Tether—it is beyond question that the stablecoin has become integral to the digital asset industry. It’s the most-traded digital asset by a significant margin, and the network of exchanges surrounding Tether hold significant amounts of USDT. In fact, the single largest holder of USDT is Binance (over 17 billion USDT), followed by Huobi. So, […]

The increased regulatory scrutiny that befell South Korea’s cryptocurrency space in recent times appears to have extended to include exchange tokens. Exchange tokens are tokens issued by a cryptocurrency exchange that usually offer some benefit to the holder, either through reduced trading fees, regular token burns or other means. According to a report by Arirang on Thursday, cryptocurrency exchanges are […]

Ethereum 2.0, a much-awaited network upgrade of Ethereum (ETH), now has more than 5.6 million coins under its deposit contract, the highest level on record. According to the latest data posted by Etherscan, the total value of ETH locked under the staking contract of Ethereum 2.0 stands at around $13.5 billion. ETH 2.0 officially started its journey in the first […]

Ethereum extended its downside correction below $2,500 against the US Dollar. ETH price is recovering higher, but it is now trading below the 100 hourly SMA. Ethereum failed to stay above the $2,500 support zone and extended its decline. The price is now trading well below $2,500 and the 100 hourly simple moving average. There is a major bearish trend […]

Software antivirus pioneer John McAfee has told his one million Twitter followers that his entire crypto fortune is gone — although he concedes not everyone will believe he’s telling the truth. The McAfee antivirus founder has been behind bars in Spain since October 2020 — when he was arrested for tax evasion — but that hasn’t stopped him from posting […]

Bitcoin price started a downside correction from well above $40,000 against the US Dollar. BTC is now trading near a major support at $38,000, where the bulls are currently active. Bitcoin started a downside correction after it failed to stay above $40,000. The price is currently just below $39,000 and the 100 hourly simple moving average. There was a break […]