It’s no secret that many crypto investors are hanging their hopes on institutional and corporate investments as the next catalyst that will send the markets surging back towards, or past, their all-time-highs. Despite this, the 2018 market crash and ensuing bear market has tempered the speed at which these groups have entered the nascent markets,…
As traders have begun to realize that the news regarding the financial status of Tether Limited (USDT’s issuer) and Bitfinex isn’t all too harrowing, Bitcoin (BTC) has recently stabilized. In fact, analysts have claimed that the crypto market’s lack of reaction to the seemingly bearish news shows strong fundamental strength, and may, in fact, be…
There was a strong decline in bitcoin price below the $5,280 support level against the US Dollar. The price even spiked below the $5,000 support level and it is currently consolidating above $5,100. There is a major bullish trend line in place with support at $5,080 on the 4-hours chart of the BTC/USD pair (data…
What many thought would never happen did on Thursday. Just days after Tether Limited, the company behind the USDT stablecoin, minted $300 million worth of its crypto asset, reports revealed that its operator, iFinex, may be on thin ice. As a result of this news, Bitcoin (BTC) dropped by 10% within minutes, plunging from $5,550 on…
The crypto community was once again shaken earlier this week when news broke regarding the New York Attorney General’s (NYAG) office pursuing further investigative action into the controversial stable coin Tether and related crypto exchange Bitfinex. Concerns surrounding Tether have plagued the crypto markets for well over a year, but Bitcoin’s relatively small drop that…
Another week, another round of Crypto Tidbits. Bitcoin (BTC) has picked up yet again, falling by 10% on Thursday as a result of news that Bitfinex and Tether may not be in entirely stable financial standing. Yet, by and large, industry developments were rather positive. Samsung was revealed to have early-stage plans to launch its…
As the digital dust begins to settle from the Bitfinex and Tether fiasco analysts are looking for clues as to where Bitcoin prices could be heading next. Many have viewed the recent events as bearish and the instant reaction of crypto markets on Friday coupled with the media FUD storm appear to have confirmed it.…
Bitcoin price settled below the $5,380 and $5,200 support levels against the US Dollar. The price is currently under pressure and facing sellers near $5,160 and $5,200. There is a short term declining channel forming with resistance near $5,160 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle…
Yesterday’s news of Bitfinex being accused by the New York Attorney General’s office of potentially covering up the loss of $850 million using Tether reserves has caused Bitcoin and the crypto market to plummet and investors to panic, not only about the diminishing value of their holdings, but over the entire integrity of the crypto…
Coinbase may avoid being found guilty of facilitating insider trading for a second time regarding its December 2017 launch of Bitcoin Cash trading. US District Judge Vince Chhabria stated that the roll out of the new asset of on the platform was handled poorly but ultimately that it was unlikely to be deemed fraudulent in…