U.S.-based cryptocurrency exchange Coinbase has announced it will not be pursuing its Lend crypto lending program.In a Sept. 17 update to a blog announcing the program in June, Coinbase hinted at difficulties in regulatory clarity across the crypto industry in its decision to not bring the crypto lending product to the market. According to the exchange, “hundreds of thousands of…
Category: News
BBA pushes for crypto regulatory clarity in Massachusetts
The Boston Blockchain Association, or BBA, together with Boston-based media house Media Shower and the Chamber of Digital Commerce are working to lobby for favorable crypto regulations in Massachusetts.According to a release issued on Monday, the BBA in collaboration with Media Shower and the Chamber of Digital Commerce has released a crypto regulatory toolkit for lawmakers in the state.Dubbed the…
BTC price falls back to $47K as weekly close neatly tracks Bitcoin futures gap
Bitcoin (BTC) retested $47,000 on Sunday as the weekly close looked set to hinge on the CME futures gap.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin comes full circle after erasing gainsData from Cointelegraph Markets Pro and TradingView showed mixed signals from BTC/USD as the week drew to a close.Saturday had seen a stronger rally from the pair, which subsequently gave way…
Ethereum forming a double top? ETH price loses 12.5% amid Evergrande contagion fears
Ethereum’s native asset Ether (ETH) prices slumped on Sept. 20 amid a broad selloff in the cryptocurrency market, led by worries about a potential housing bubble crisis brewing in China.The ETH/USD exchange rate dropped as much as 12.52% to $2,911 on the Coinbase exchange, hitting its lowest levels since the beginning of August 2021. Elsewhere in the crypto market, Bitcoin…
FTX crypto exchange expands to Bahamas with new registration
Sam Bankman-Fried’s cryptocurrency exchange FTX plans to establish a “substantial presence” in The Bahamas. Source link
El Salvador Buys More Bitcoin — Country Now Holds 700 BTC – Featured Bitcoin News
El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has purchased more bitcoin. The Salvadoran government now holds 700 coins, according to President Nayib Bukele. El Salvador Buys the Dip El Salvador’s president, Nayib Bukele, announced early Monday morning that his government has purchased 150 more bitcoins. The country’s bitcoin law went into effect on Sept.…
Bitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250K–$350K in 2021
The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the price rose by more than 1,900%. Source link
Ethereum killers or just pretenders? But Ether remains king for now
The term “Ethereum killer” is beginning to pick up the pace once again in the cryptocurrency markets as the native tokens of several competing blockchain networks are posting significant gains during September. For any alternative network to be considered as a part of this category, it needs to have one essential feature that serves as the backbone of the Ethereum…
Top 5 cryptocurrencies to watch this week: BTC, DOT, LUNA, ATOM, FTT
Bitcoin price is struggling to flip $48,000 to support, but the steady protocol developments taking place in DeFi projects could lead to further upside from DOT, LUNA, ATOM and FTT. Source link
El Salvador acts on Bitcoin price dip and buys 150 BTC
Despite warnings from global agencies regarding its adoption of Bitcoin (BTC), El Salvador’s government continues to seize market opportunities. As the Bitcoin price fell below $46,000 on Monday morning, Salvadoran President Nayib Bukele announced on Twitter that the country has “bought the dip.” With 150 new coins, the Central American government now holds 700 BTC, worth close to $32 million at…