Several industry players have been quite vocal with respect to the proposal by the US Treasury Department and the Financial Crimes Enforcement Network [FinCEN] which requires crypto operators to abide by regulations used to police conventional financial providers. In the latest development, Jerry Brito, who happens to be the executive director of the non-profit crypto […]
Ethereum’s Upcoming Dips Might Be Limited, Here’s Why
Ethereum [ETH] has witnessed has seen its price rise steadily on the charts. The crypto-asset soared by approximately 20% over the holiday week as it appeared to be poised for yet another take-off. The technicals depicted a bullish outlook for the world’s largest altcoin after it broke the coveted $700-price level. Despite creating a compelling […]
Grayscale Now Has $19 Billion in Crypto AUM; Figures Triple
It is, without a doubt, that Grayscale has effectively cornered the cryptocurrency industry. Bitcoin’s prices have unfolded tremendously over the holiday week, thanks to the growing institutional investor interest as well as the retail FOMO. Owing to this, the digital asset manager, Grayscale Investments has hit yet another milestone, after it touched $19 billion in […]
Cardano Rallies By 20% As It Joins Bitcoin, Ethereum With IOHK’s Crucial Partnership
Looking back at 2020, Cardano [ADA] can be heralded as one of the most promising altcoin projects. This year has significantly helped shape the network into a future-proof, third-generation blockchain. More recently, Cardano has posted an impressive rally over the week as it catapulted gains of nearly 20%. The eight-largest crypto-asset changed hands at $0.181, […]
Litecoin Takes A Breather As Prospects Of An Upside Break Seems Unclear
Litecoin posted an impressive rally of nearly 25% over the past week as it crossed crucial levels. For the most part, the fifth-largest cryptocurrency has struggled with the $120-level, however, following the latest Bitcoin-inspired bullish swing, the previously crucial resistance has now turned support. However, the bearish undertone was visible as several altcoins noted pullbacks […]
SEC Charges Crypto Fund Manager With Fraud; Obtains Emergency Asset Freeze
The US Securities and Exchange Commission [SEC] revealed filing an emergency action as well as obtaining an order to impose an asset freeze and other emergency relief against quantitative trading firm Virgil Capital in Manhattan federal court. Its affiliated companies were also included in connection with an alleged securities fraud relating to Virgil Capital’s flagship […]
Miners See Massive Gains As Bitcoin Nearly Quadruples
From the beginning of 2020, the subsequent Black Thursday crash, and the following recovery, Bitcoin has certainly seen its fair share of ups and downs this year. Bitcoin miners were currently earning $1,000,000 per hour. As noted by the blockchain intelligence company, Glassnode, the figures saw an increase of 185% since the block reward halving. […]
Bitcoin’s Taproot Is One Step Closer To Fruition With Binance Pool’s Support
Bitcoin exploded in 2020, and the community saw an increase from around a little over $3,000 to now eyeing yet another high of $30,000. As the world’s largest cryptocurrency gains more and more recognition, in yet another positive news for the ecosystem, Bitcoin just received a seal of approval from Binance for one of its […]
Cardano [ADA] Experiences Rising Buy Pressure As It Trades Close to $0.18
Cardano [ADA] was one of the fastest-growing altcoins of the year, especially after the much-anticipated Shelley update. It witnessed a roller-coaster ride after Bitcoin’s route to new highs, which in turn, made ADA, the 8th largest crypto in the world in just a matter of less than a week after climbing from the 10th position […]
Ethereum Breaches $735 Triggering Over 90% Addresses In Profit
Late Chrismas Gift for Ethereum? Ethereum had a bullish start for the day as it broke above $700 for the first time since the last week of May 2018. The largest altcoin was seen lacking bullish momentum as its price movement broke away from that of Bitcoin. However, Ethereum soon climbed to $735.93, at the […]