Options expiring, US tax speculations, China blackout, and the combination of these are blamed for the crypto market turning bloody today, to say the least - yet numerous insiders see this as just a necessary correction and expect that the bull market will continue, with bitcoin (BTC) possibly recovering above USD 60,000 again.
At 12:22 PM UTC, BTC is trading at USD 49,991 and
Coinbase Pro has listed the most popular stablecoin tether (USDT) days after the parent company of the exchange went public, while the company behind the stablecoin has been criticized for lack of transparency.
Starting April 22, inbound transfers for USDT are available in the regions where trading is supported, ahead of the start of trading set for April 26, if liquidity
There's a new Bitcoin (BTC) initiative on the table that would see miners as energy buyers, providing complementary technology for clean energy production and storage, better return to investors, and excess energy, as well as help solve solar and wind intermittency and congestion problems, potentially leading to the greening of the bitcoin mining industry. Not everyone
Source: Instagram, Binance
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Exchanges news
Deutsche Boerse said that Coinbase shares (COIN) can continue to be traded on its trading system Xetra and Frankfurt stock exchange after the crypto exchange provided missing data, Reuters reported.
Turkish crypto traders have reportedly filed thousands of criminal complaints against local crypto exchange Thodex alleging fraud, while its head had reportedly fled the country.
The lawyer representing the users said that the complaints were filed after the users were unable to access their accounts or withdraw their money, reported Reuters.
Lawyer Oguz Evren Kilic said
Binance Smart Chain (BSC) project SafeMoon has generated a strong buzz, and a new generation of speculators have flocked into what some warn is Bitconnect-reminiscent (UN)SafeMoon.
Hashtag SafeMoon has been trending on Twitter and was a topic of conversation elsewhere, with many unable to decide if it's a real thing or a scam of some sort. On TikTok, the same hashtag has
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Exchanges news
Deutsche Boerse said it would de-list the shares of Coinbase (COIN) from its Xetra trading system and the Frankfurt stock exchange by end of Friday’s trading session, Reuters reported. "The
While strategists at major investment bank JPMorgan warn that it's better for bitcoin (BTC) to break through the USD 60,000 level soon, lest it drops further, other researchers see more positive signals but note that we're now at the crossroads, and may go either way.
JPMorgan strategists are "worried" over bitcoin potentially seeing deeper slumps and if the coin
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Stablecoin news
The Facebook-backed Diem Association (formerly Libra) is aiming to launch a pilot with a single stablecoin pegged to the USD in 2021, CNBC reported, citing an undisclosed person familiar with the matter.
Source: Twitter, @haydentiff
The world's most popular meme coin, dogecoin (DOGE), continues to baffle the Cryptosphere and the spheres beyond it, with many seeing its recent massive surge as a result of a combination of elements, including: Elon Musk, Mark Cuban, DogeDay, Coinbase, increased crypto popularity, and a quick buck chase.
"There’s a tribe of investors, many of them
The market sentiment has continued to make small steps upwards since last Monday, potentially breaking a record in the number of individual coins in the positive zone. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins is currently 6.36, compared to 6.27 we saw last week, per the data provided by the crypto market sentiment analysis site
While no one clear reason is apparent for the sharp bitcoin (BTC) correction this past weekend, analysts do not seem to have been surprised, with some finding it "inevitable." For the cause behind the wave of liquidations, that made the sell-off even worse, many cite euphoria depletion, unverified money laundering crackdown reports, and a power outage in China -
This was very busy week in crypto: one day before the Coinbase direct listing, BTC and ETH hit their new all-time highs, and dogecoin led the market, soon landing on the 8th spot by market capitalization, while many industry insiders saw the listing as a bullish event for the crypto space and for DeFi. Over 1,700 employees have been given 100 shares, and then the exchange finally went public, and
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Adoption news
Major Australian fintech, 'buy-now-pay-later' company Zip Co. is looking at expanding into crypto and stock trading, reported the Wall Street Journal, citing co-founder Peter Gray. Zip may offer the services
A coal mine explosion in Xinjiang, an autonomous region of China, may have led to a Bitcoin (BTC) hashrate drop at a time when Bitcoin mining difficulty went for a new all-time high.
Primitive Ventures co-founder Dovey Wan said that there was a coal mine explosion in northwest China's Xinjiang region which led to a "major" power outage. Per Wan, results of this
The world's most famous meme coin, dogecoin (DOGE), moved pass the biggest coins in the world on Google Trends, and flipped two major altcoins to move deeper into the top 10 list.
The search interest in doge has flipped that of four biggest coins in the world by market capitalization: bitcoin (BTC), ethereum (ETH), binance coin (BNB), and XRP.
But another
Source: iStock/Photographer, Filmmaker, Designer
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Investing news
Global financial services firm BTIG analyst Mark Palmer gave Coinbase a buy rating after its Nasdaq debut, setting a price target of USD 500, Bloomberg reported. At 15:12 UTC,
Source: Adobe/wip-studio
As a major privacy-related Bitcoin (BTC) upgrade took another step forward, the Cryptoverse is abuzz over a paper written by a former acting director of the US Central Intelligence Agency (CIA). But besides reaching a positive conclusion for BTC, the paper also highlights privacy-related crypto vulnerabilities that remained largely overlooked: BTC can be traced, while
This Thursday has been quite an eventful day for the most popular smart contract platform, Ethereum (ETH), as its Berlin upgrade went live, its native token, ETH, hit a new all-time high, gas dropped lower, and the CME Group revealed the records reached by their ETH futures offering.
On April 15, ETH hit another all-time high of USD 2,488 (per Coingecko), as
The interest in the major crypto exchange Coinbase has spiked on the day of the direct listing of its shares, while it's now among the top financial apps in the US - also standing relatively high among all apps as well.
As it's well-known by now throughout the Cryptoverse and beyond, Coinbase went public on the Nasdaq stock exchange via a direct public offering (DPO)
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Banking news
US-based investment giant Goldman Sachs plans to build a digital bank but, at the moment, it is not focused on providing a crypto wallet, Bloomberg's Sonali Basak reported, citing CEO David Solomon. Last week,
Brian Armstrong, Founder and CEO of Coinbase. Source: A screenshot, Youtube/Coinbase
The much-discussed and highly-anticipated event has finally begun: US-based major crypto exchange Coinbase went public on the Nasdaq stock exchange via a direct public offering (DPO) of its shares under the symbol 'COIN'.
Importantly, it may take a few hours until we're able to see the price in public. Per Jamie
Brian Armstrong, Founder and CEO of Coinbase. Source: A screenshot, Youtube/Coinbase
Today, April 14, US-based major crypto exchange Coinbase goes public on the Nasdaq stock exchange via a direct listing of its shares under the symbol 'COIN', with a great number of narratives surrounding the event.
The company will let current shareholders directly sell their shares on the stock exchange. Nearly
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Economics news
US consumer prices rose by the most in more than 8-1/2 years in March as increased vaccinations and massive fiscal stimulus unleashed pent-up demand, kicking off what most economists expect will be a
London-headquartered crypto platform Luno said it reached 7m customers worldwide, adding a million in less than two months, with the business growing exponentially as the interest in cryptoassets grows.
Per the company, in January 2021, they recorded a 60% increase in the number of app installs compared to December. Compared to January 2020, they saw over 300% growth
Craig Wright. Source: a video screenshot, Youtube, CoinGeek
Based on their interaction with the controversial Australian computer scientist and Bitcoin SV (BSV) proponent, Craig Wright, the payments company Square-backed alliance seems to be ready for what might be a legal fight over Wright's copyright claims to the Bitcoin (BTC) whitepaper.
The Cryptocurrency Open Patent Alliance (COPA) is
Over the week behind us, the market sentiment continued to climb upwards, albeit in small steps, but also reaching a rarely seen number of individual coins in the positive zone. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins stands at 6.27, up from 6.03 recorded last week, hence moving just a bit dipper into the positive zone,
In the past seven days, several centralized exchange (CEX) tokens got ahead of binance boin (BNB), the native token of the major crypto exchange Binance - but their trading volumes are much smaller when compared to Binance's giant.
According to Coingecko, at 10:00 UTC on Monday, BNB stood on the 10th place per appreciation in the past week, having gone up almost 70% in
As US-based major crypto exchange Coinbase going public in two days, many industry insiders see it as a bullish event for a wider crypto space, but also one that may eventually lead more people into decentralized finance (DeFi). Meanwhile, an investment research firm placed the exchange's valuation more than 80% lower than it's expected to be.
As reported, Coinbase is set for
Never a dull week in the Cryptoverse! Altcoins went booming, bitcoin went consolidating, and professional traders were reminding the new players to exercise caution, but then BTC corrected lower following the much-anticipated announcement of Coinbase's results. As Allianz Chief Economic Adviser warned that BTC can only establish itself if governments allow it to, Mark Cuban praised ETH as more
