On March 25, concerns surrounding the record-breaking $6.1 billion (BTC) options expiry this Friday sparked an overnight sell-off that dropped Bitcoin price to $50,400. The downturn was not a surprise for many traders and some called for a possible test of the $47,000 support level. Despite Bitcoin’s loss of bullish momentum, several derivatives indicators, including a
Bitcoin Cash, Litecoin, and Ethereum price have declined by over 20 percent over the past 24 hours, as the entire cryptocurrency market experienced a major correction. Bitcoin Cash declined to the $1,200 region for the first time since November 12, while the price of Ether has dropped below $400 after surging to nearly $500 in
Bitcoin (BTC) is showing tenacity above $50,000 on March 25. The 10% drop over the last 24 hours happened despite Tesla allowing customers to buy vehicles using BTC in addition to CEO Elon Musk affirming that it will not be converted to fiat currency. On March 22, the United States Federal Reserve chair, Jerome Powell, stated that
While the legal status of cryptocurrencies remains undecided in India, companies in the country involved in virtual assets must now report their activities as part of their financial statements. The new rule follows amendments made by the country’s Ministry of Corporate Affairs to Schedule III of the 2013 Companies Act. According to the document published
KiwiSaver Growth Strategy, a $350 million retirement plan operated by New Zealand Wealth Funds Management, has reportedly allocated 5% of its assets to Bitcoin (BTC), underscoring the steady stream of institutional investors entering the digital asset space. Bitcoin’s striking similarities to gold were cited as one of the biggest reasons for entering the trade, according
Conceived as a bridge between Bitcoin and decentralized finance on Ethereum, Badger DAO protocol has expanded its investment strategies. As of today, users will be able to profit from yielding NFTs by participating in its new “game”. Using one of Badger DAO’s products called Honeypot part I, participants can farm NFTs for staking bBadger or
Cashback rewards for purchases have long been a popular tactic used by banks and credit card companies to entice consumers to use their services. Several cryptocurrency companies like BlockFi and Coinbase have revealed future plans to offer cryptocurrency-backed debit and credit cards that offer cashback rewards in Bitcoin and StormX (STMX) has joined the crowd.
press release PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of Taraxa tokens (TARA) under the pair USDT/TARA on Mar 23 at 9:00 a.m. EDT. Taraxa is a public ledger platform purpose-built for audit logging of informal transactions. Taraxa provides decentralized
Staked, a blockchain infrastructure company and investment manager, is providing institutional investors with a new vehicle in which to invest in Ether (ETH) and earn staking rewards on the Ethereum 2.0 Beacon Chain. The Staked ETH Trust is now accepting private placement to accredited investors, the company announced Thursday. The Trust allows investors to gain
Everything is bigger in Texas, but when it comes to crypto-friendly legislation, this doesn’t seem to be the case… just yet. On March 12, 2021, Texas Representative Tan Parker introduced the Uniform Commercial Code, also known as UCC, amendment bill (House Bill 4474) to better adapt commercial law to blockchain innovation and digital asset regulations.
Tether (USDT), the world’s most liquid stablecoin, surpassed $40 billion in market capitalization on Wednesday, highlighting the rapid growth of cryptocurrency investing over the past year. At its highest point Wednesday, Tether’s market cap reached $40.1 billion, according to CoinGecko, making it the fourth-largest digital asset behind Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB).
Bitcoin (BTC) fell to its lowest level since March 8 on Thursday as U.S. dollar strength added to selling pressure near $60,000. BTC price saved from $40,000 zone Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD testing $50,000 for the first time since sealing the level as support earlier this month. After seeing rejection at
Bitcoin’s (BTC) price has been in retreat, down 20% since the recent all-time high at $62,000 in mid-March. As crypto markets are frequently volatile, this may very well be another normal pullback within the current bull cycle. Corrections are needed to generate strength for further upward momentum as markets can’t go up in a straight
press release PRESS RELEASE. The Foundation for Interwallet Operability (FIO) celebrates the first year anniversary since the community launched the mainnet of the open-source FIO protocol. With over one-hundred and fifty thousand users and some of the industry’s leading service providers such as ShapeShift, Coinomi, AscendEX (formerly Bitmax), Liquid.com and Edge integrating the FIO protocol,
Finance Redefined is Cointelegraph’s weekly DeFi-centric newsletter, delivered to subscribers every Wednesday. Uniswap V3 was publicly announced yesterday and I didn’t really get a chance to write about it, so I wanted to dedicate this newsletter to a review of V3 and the AMM space in general. My initial reaction to Uniswap V3 in one,
Controversial Bitcoin (BTC) spin-off Bitcoin Cash (BCH) has hit new all-time lows against its parent after Tesla publicly rejected using it for payments. In a series of tweets on March 24, CEO and “Technoking” Elon Musk confirmed that U.S. customers could now buy a Tesla using BTC — but his company shunned “fork products” such