The Canadian Office of the Superintendent of Financial Institutions is following a Basel model for its disclosure requirements.
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Crypto traders are looking at Dogecoin (DOGE) again — Here’s why
When memecoins go parabolic, it’s usually a market top signal and a warning that investors’ euphoria has peaked. The market witnessed similar speculative fury in the 2020–2021 bull market when Dogecoin (DOGE) chased after $1, Shiba Inu (SHIB) rallied by tens of thousands of percentage points, and nonfungible token prices hit eye-watering highs of six to seven figures.
DOGE/USDT vs. BTC/USDT weekly chart. Source: TradingViewDespite only being up 13.6% for the year, DOGE’s 33.2% gain over the last month has put the asset on some analysts’ radar.
Take, for example, crypto trader Tony “The Bull,” who pointed out that DOGE price rallied into the one-month parabolic SAR indicator, a move that the trader says was previously followed by a 23,000% rally.
For traders who use technical analysis, the parabolic SAR is generally used to pinpoint “stop and reverse” signals from an asset. In short, it is used to determine the price levels where an asset could stop in its current direction and begin a trend reversal.
Traders have also pointed to DOGE’s Fibonacci levels as a guide to where the price could head in the medium term. Citing the monthly time frame, $0.12 at the 0.618 Fib level has been identified as a medium-term target, whereas the 1.618 Fib level suggests $0.23 as the terminus of the current DOGE swing trade.
US Justice Dept reportedly ready to settle with Binance for $4B
According to a report, an agreement to settle Justice Department charges against the company may be settled by the end of the month.
Price analysis 11/20: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK
The S&P 500 Index (SPX) rose 2.24% last week, its third consecutive weekly gain. In comparison, Bitcoin (BTC) managed a minuscule gain of 0.8%, indicating consolidation below $38,000. The prospects for risky assets remain bullish as the U.S. Dollar Index has started to turn down.
Cryptocurrency investors have not parted with their Bitcoin holdings, even after the 125% rally in 2023, indicating their long-term bullish view. Reflexivity co-founder William Clemente posted a chart sourced from Glassnode to X (formerly Twitter), which showed that 70% of Bitcoin in circulation has not been sold or transferred in the past year.
Daily cryptocurrency market performance. Source: Coin360Investors have also increased exposure to global cryptocurrency exchange-traded products (ETPs) in 2023, according to a report by the digital asset platform Fineqia, which was seen by Cointelegraph. Fineqia reported that crypto ETP assets under management ballooned by 91% from Jan. 1 to Oct. 31, 2023.
If Bitcoin fails to break above its resistance, will it start a deeper correction? Will altcoins also turn lower, or could they buck the trend? Let’s analyze the charts to find out.
S&P 500 Index price analysis
The S&P 500 Index surged above the downtrend line on Nov. 14, signaling an end of the corrective phase.
Price analysis 11/20: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK
The weakness in the U.S. Dollar Index suggests that risky assets such as Bitcoin and the S&P 500 Index may remain in favor of the buyers.
Price analysis 11/20: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK
The weakness in the U.S. Dollar Index suggests that risky assets such as Bitcoin and the S&P 500 Index may remain in favor of the buyers.
ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms
The latest update is the third amendment to ARK and 21Shares’ Bitcoin exchange-traded fund prospectus since the firms first filed in April 2023.
ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms
The latest update is the third amendment to ARK and 21Shares’ Bitcoin exchange-traded fund prospectus since the firms first filed in April 2023.
Tether freezes $225M in USDT linked to romance scammers amid DOJ investigation
The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam.
Crypto exchange Bullish buys 100% stake in crypto media site CoinDesk: Report
CoinDesk was owned by the Digital Currency Group, which acquired the media company in 2016 for $500,000. Its new owner is headed by former New York Stock Exchange president Tom Farley.
Japanese exchange plans to start digital securities trading on Dec. 25
Ichigo, based in Tokyo, plans to offer over $20 million worth of digital securities backed by real estate on the Osaka Digital Exchange.
Crypto community begins Bitcoin halving countdown as milestone date nears
The CEO of Binance and BTC analysts are among those who have started to draw attention to the halving event as the crypto community looks to the bullish event with hope after a cruel crypto winter.
Crypto community begins Bitcoin halving countdown as milestone date nears
The CEO of Binance and BTC analysts are among those who have started to draw attention to the halving event as the crypto community looks to the bullish event with hope after a cruel crypto winter.
ZK community aligned with the core Web3 mission: ZkDay Istanbul roundup
The ZkDay Istanbul event offered exposure and networking opportunities to new and upcoming ZK-based projects and entrepreneurs.
Santander offers Bitcoin, ETH trading for Swiss account holders: Report
High-net-worth individuals of Santander Private Banking International will have access to trade BTC and ETH, according to a report claiming access to a leaked internal communication.
Santander offers Bitcoin, ETH trading for Swiss account holders: Report
High-net-worth individuals of Santander Private Banking International will have access to trade BTC and ETH, according to a report claiming access to a leaked internal communication.
Poloniex says hacker’s identity is confirmed, offers last bounty at $10M
A community member questioned why Poloniex needed to send an on-chain message in 15 different languages if the hacker’s identity was truly confirmed.
Crypto ETP volumes surge 91%, outpacing underlying assets: Report
Bitcoin accounted for 75% of the total crypto ETP AUM between January and October 2023, according to the publicly-listed crypto firm Fineqia.
70% of BTC dormant for a year — 5 things to know in Bitcoin this week
Bitcoin faces a slow grind after earlier brisk BTC price gains, but the ingredients for a sustained rally are there, market data suggests.
Kronos Research halts trading amid $25M API key hack investigation
While Kronos Research is indefinitely halting trading services until internal investigations track down the culprit who stole over 12,800 ETH, the firm said that potential losses are not a significant portion of its equity.