Bitcoin finally broke above the critical $45,000 resistance level yesterday, a point that has proven extremely troublesome for the asset recently. The break facilitated a rally that helped Bitcoin reach a new yearly high above $48,000, a level it lost in the early hours of January 1st. The ongoing rally means Bitcoin has now enjoyed seven consecutive green candle days,…
Read MoreAuthor: Mark Hartley
Crypto Regulation Go into Hyperdrive as UK, US, and Australia All See Big Changes
Regulation of the cryptocurrency industry has become the hot topic of this month as several new changes come into play. For the most part, governments are seeking favorable regulation of the cryptocurrency space, eager not to stifle their country’s innovation in the sector. However, governments also need to prioritize consumer safety, something we are now seeing most notably in the…
Read MoreMajor Crypto Exchange FTX to Open Headquarters in Dubai
The major cryptocurrency exchange FTX, headed by 30-year-old Sam Bankman-Fried, has been awarded a virtual asset license in Dubai, United Arab Emirates (UAE). The news comes hot on the heels of reports that fellow crypto exchange Binance received a similar license with plans to move its headquarters to Dubai. Dubai is quickly becoming a global cryptocurrency center as the UAE…
Read MoreBitcoin (BTC) Regains $40k as Donations Flood into Supporting Ukraine
The Russian invasion of Ukraine has highlighted how deeply imbedded cryptocurrencies have become in global politics. Millions of dollars worth of Bitcoin have been donated to support Ukraine since the invasion, helping to push the price of BTC back above $40,000 after a month of losses. After hitting $45k in early February, Bitcoin faced harsh resistance and collapsed throughout the…
Read MoreCanada Doubles Down on Controversial Emergency Laws While Citizens Look to Flee the Country
Desperate Canadians are now looking to flee the country following the implementation of emergency financial surveillance laws that are locking people out of their own bank accounts. Fear has rippled across the nation as Prime Minister Justin Trudeau’s government imposes increasingly dictatorial laws to control the Canadian people and restrict freedoms. Following the heavy-handed enforcement of pandemic-related laws that many…
Read MoreWho Gets the $3.6 Billion of Bitcoin from the BitFinex Hack?
The US Justice Department (DoJ) recently seized almost 95,000 stolen Bitcoin worth approximately 3.6 billion dollars. The coins stem back to the 2016 hack of major crypto exchange BitFinex, a theft that has gone unsolved until now. In a bizarre tale of events, the authorities happened to discover the stolen Bitcoin when large portions of it were consolidated in a…
Read MorePopular DeFi Wallet MetaMask Gets First Ever Custody Solution
The nascent world of decentralized finance (DeFi) has until now been avoided by institutional investors because of its perceived lack of security. Due to the nature of a decentralized system, the provision of custody has been difficult since coins can’t be safeguarded in a traditionally centralized manner. Now, Cactus Custody, a new custodial solution powered by Matrixport, has become the…
Read MoreWhy is Bitcoin (BTC) Moving in Correlation with Traditional Stocks?
It’s not just the cryptocurrency market that’s crashing this month – traditional stock markets are doing just as badly. In fact, Bitcoin and its fellow cryptocurrencies are moving in closer correlation with traditional stocks than ever before. Over the past few weeks, Bitcoin’s 40-day correlation coefficient with the Nasdaq 100 has reached a factor of 0.66 – the closest correlation…
Read MoreBitcoin (BTC) Headed for Death Cross in Longest Drop Since 2019
The cryptocurrency market did not start 2022 on a good note, losing almost a trillion dollars in value since late last year. Leading asset Bitcoin has been fortunate enough to endure only small losses, dropping by just 12% since the year began. Some other popular coins like Solana (SOL), Terra (LUNA), and Avalanche (AVAX), are down by as much as…
Read MoreBitcoin (BTC) Ends Year 73% Up Despite Disappointing December
Positive sentiment dragged on throughout November following Bitcoin’s all-time high on the 9th, and continued into early December as enthusiasts clung tightly to the promise of $100k. Sadly, with Bitcoin losing $50k in early December and never fully recovering, that promise didn’t materialized. All the charts and analysis in the world couldn’t have predicted such an uncharacteristically weak close to…
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