Financial Industry News
Hong Kong based cryptocurrency derivatives exchange BitMEX will be launching a user verification program on August 28, requiring all customers to complete ID checks within the next six months. But as a sweetener, they’re offering a trading competition that’s only available to verified customers. While BitMEX was founded in 2014 and has grown to become […]
Continue ReadingThe dollar has been on a steady decline since the pandemic first struck. Weakness in the global reserve currency has allowed gold, Bitcoin, and other assets to shine. However, either a major rebound is beginning, or the dollar is about to experience another massive drop. The asset is clearly at a ‘do or die’ moment, […]
Continue ReadingBitcoin is pressing higher after consolidating in the mid-$11,000s for a number of days. As of the time of this article’s writing, the leading cryptocurrency trades for $11,800. BTC is up 2% in the past 24 hours, underperforming Ethereum’s 10% performance. A historically accurate analyst expects Bitcoin to press lower towards $11,000 one more time, […]
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Continue ReadingEarlier this week Bitcoin (BTC) bulls and crypto investors were thrilled by the news that MicroStrategy, a Nasdaq-listed business intelligence company worth $1.2 billion, had formally adopted Bitcoin as its primary reserve asset by purchasing 21,454 BTC ($250 million). This led the majority of top crypto analysts and industry folk to post uber-bullish statements on […]
Continue ReadingThe Securities and Exchange Commission (SEC) announced today that it has charged Virginia- based company Boontech and its founder Rajesh Pavithran for fraud and failure to register the firm’s tokens that were sold as investment securities. According to the SEC’s announcement, between November 2017 and January 2018, Boontech sold $5 million worth of its tokens, […]
Continue ReadingBitcoin and the aggregated crypto market are struggling to extend the mid-term uptrend that has driven them higher over the past few weeks This has come about as BTC pushes up against insurmountable resistance at $12,000 – a level that it has been rejected at on multiple occasions Analysts are now noting that it may […]
Continue ReadingBitcoin has been stuck below $12,000 for the past couple of weeks, with the intense selling pressure here slowing the momentum that it built since late-July. Each attempt to break above this price region has resulted in the crypto facing a strong rejection that leads its price down towards its support at $11,200. This level […]
Continue ReadingMinnesota congressman and chairman of the National Republican Congressional Committee (NRCC) Tom Emmer announced Thursday that next week he will lead the first cryptocurrency town hall to celebrate innovators leading the development of virtual currencies.
Continue ReadingIt seems the second leg of the crypto bull market has finally arrived. In the past 30 minutes, Ethereum has shot higher after a week of consolidation. As of the time of this article’s writing, ETH trades for $420 — more than 7% higher than it was just an hour or two ago. The breakout […]
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