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Access real-time blockchain and cryptocurrency news updates from around the globe.
Community calls out bots spamming crypto Twitter threads
Members of the crypto community brought up the issue of Twitter bots and urged the social platform to do something.
Algorand upgrade boosts speed, adds trustless cross-chain communication
Algorand has increased its transaction speed, processing capacity and cross-chain functionality with a major upgrade.
Which countries are the worst for crypto taxation? New study lists top five
Crypto analytics firm Coincub has released crypto tax rankings, pointing out the worst and the best countries regarding crypto taxation.
Which countries are the worst for crypto taxation? New study lists top five
Crypto analytics firm Coincub has released crypto tax rankings, pointing out the worst and the best countries regarding crypto taxation.
Bitcoin whales send BTC to futures exchanges in 'classic' bottom signal
Avoiding fallout from positions "putting in a local bottom" has been standard practice for prior BTC price bottoms, one analyst shows.
Bitcoin whales send BTC to futures exchanges in 'classic' bottom signal
Avoiding fallout from positions "putting in a local bottom" has been standard practice for prior BTC price bottoms, one analyst shows.
Bitcoin whales send BTC to futures exchanges in ‘classic’ bottom signal
Bitcoin (BTC) whales are betting on a rebound as fresh data shows “classic” bottom behavior.
According to on-chain analytics platform CryptoQuant, large-volume investors are moving coins to derivatives exchanges en masse this month.
Analyst: Whales protectin positions “forming a local bottom”
As BTC/USD hit its lowest levels since the end of June, whales were responding kind.
In one of its Quicktake market updates posted on Sept. 7, CryptoQuant analyst Maartunn flagged a marked uptick in the monthly average number of transactions made between spot exchanges and derivatives platforms.
Whales, Maartunn argued, are hedging their losses and transferring funds to use in futures bets.
Aave devs look set to receive $16.3M via retroactive funding
A proposal to reward members of the Aave Companies with $16.28 million in retroactive funding for the development of V3 of the Aave Protocol looks set to pass.
Aave devs look set to receive $16.3M via retroactive funding
A proposal to reward members of the Aave Companies with $16.28 million in retroactive funding for the development of V3 of the Aave Protocol looks set to pass.
Ether price could 'decouple' from other crypto post Merge — Chainalysis
Chainalysis suggests ETH could decouple from other cryptocurrencies post Merge as its staking rewards could make it similar to bonds or commodities.
Ether price could 'decouple' from other crypto post Merge — Chainalysis
Chainalysis suggests ETH could decouple from other cryptocurrencies post Merge as its staking rewards could make it similar to bonds or commodities.
Bitcoin is a 'wild card' set to outperform, says Bloomberg analyst
The commodity strategist has pegged Bitcoin to rebound strongly from the bear market despite headwinds for high-risk assets.
Bitcoin is a 'wild card' set to outperform, says Bloomberg analyst
The commodity strategist has pegged Bitcoin to rebound strongly from the bear market despite headwinds for high-risk assets.
Avalanche flash loan exploit sees $371K in USDC stolen
The scammer deployed a custom smart contract, leveraging a $51 million flash loan to manipulate the AVAX/USDC Trader Joe LP pool price for a single block.
Vermont's financial regulator alleges Celsius and its CEO made 'false and misleading claims'
According to the regulator, Celsius “lacked sufficient assets to repay its obligations” despite suggesting it had enough funds in its reserves to mitigate the risk of insolvency.
US Fed vice chair Michael Barr favors hard line on crypto, OCC acting head no friendlier
Barr, a former Ripple Labs adviser, has taken a rather less favorable view of crypto than he apparently had in the private sector, as he gives his first speech as a Fed official.
UK advertising watchdog cites 2 former reality stars for crypto ads on Instagram stories
The ASA said the Gale twins could not post the crypto ads “in the form complained about” again, but did not bar them from promoting digital assets in future advertisements.
Bitcoin is pinned below $20K as the macro climate stifles hope for a sustainable BTC bull run
BTC bulls have a chance to profit from this week’s $410 million options expiry, but the factors pulling down equities markets reduce the chance of Bitcoin changing its trend.
Bitcoin is pinned below $20K as the macro climate stifles hope for a sustainable BTC bull run
Bitcoin (BTC) crashed below $19,000 on Sept. 6, driving the price to its lowest level in 80 days. The movement not only completely erased the entirety of the 32% gains accrued from July until Aug. 15, it also wiped out $246 million worth of leverage long (buy) futures contracts.
Bitcoin price is down for the year but it’s important to compare its price action against other assets. Oil prices are currently down 23.5% since July, Palantir Technologies (PLTR) has dropped 36.4% in 30 days and Moderna (MRNA), a pharmaceutical and biotechnology company, is down 30.4% in the same period.
Inflationary pressure and fear of a global recession have driven investors away from riskier assets. By seeking shelter in cash positions, mainly in the dollar itself, this protective movement has caused the U.S. Treasuries' 5-year yield to reach 3.38%, nearing its highest level in 15 years. By demanding a loftier premium to hold government debt, investors are signaling a lack of confidence in the current inflation controls.
Data released on Sept. 7 shows that China's exports grew 7.1% in August from a year earlier, after increasing by 18% in July. Furthermore, Germany's industrial orders data on Sept. 6 showed a 13.6% contraction in July versus the previous year. Thus, until there's some decoupling from traditional markets, there's not much hope for a sustainable Bitcoin bull run.
Bears were overly optimistic
The open interest for the Sept. 9 options expiry is $410 million, but the actual figure will be lower since bears became too overconfident. These traders were not expecting $18,700 to hold because their bets targeted $18,500 and below.