Another week, another round of Crypto Tidbits. Over the past week, Bitcoin has performed rather well, rallying from $6,100 to $6,800 as of the time of this article’s writing, a few percent shy of the multi-week high of $7,200. Altcoins followed the market leader, posting similar gains.
Bitcoin remains below the key resistance around $7,000, which some analysts have dubbed a “decision point” for the medium-term trend of the asset. With this in mind, BTC could easily reverse lower, though many investors have announced that the asset’s fundamentals are becoming stronger than ever. Placeholder Capital’s Chris Burniske, for instance, wrote that this crisis “will pass, and crypto’s fundamentals will have strengthened through it.”
10/ Most importantly, I hope everyone is staying as well as possible. While the future weeks are full of uncertainty, I know that eventually, this virus will pass, and #crypto's fundamentals will have strengthened through it.
— Chris Burniske (@cburniske) March 21, 2020
This strength in the crypto market comes as the stock market has begun to show signs of weakness, reacting to a rapidly-worsening coronavirus outbreak and record-level unemployment claims in the U.S., which hit 6.6 million this past week.
Whatever the case, the crypto space saw an interesting wee.
Related Reading: Crypto Tidbits: Bitcoin Holds $6,000s, Federal Reserve To Do “QE Infinity,” U.S. Digital Dollar Proposed
Bitcoin & Crypto Tidbits
Analysts Expect Bitcoin to Pass $20,000 High… Soon: Over the past few weeks, a number of crypto analysts have touted the sentiment that within the coming year, the price of Bitcoin will surpass $20,000 — nearly 200% higher than the current price of $6,700. People touting this sentiment include Galaxy Digital’s Mike Novogratz, Raoul Pal of Real Vision, and Dan Morehead of Pantera Capital — all former institutional traders turned crypto bulls. These investors primarily cite the fact that governments and central banks have been forced to respond to the outbreak with their most drastic measures available, printing money en-masse, which should benefit the scarce Bitcoin and decentralized crypto assets.
FATF Urges U.S. to Increase Crypto Regulation: At the end of March, the Financial Action Task Force (FATF) explained in its latest report on the state of compliance in the U.S. that it is lacking proper crypto regulation. The global financial regulator said that there are “minor deficiencies” in how the U.S. regulates crypto, citing the stat that “30% of all registered CVC [convertible virtual currencies] providers have been inspected since 2014.” Although the U.S. is lacking, it has pledged to make crypto crime a focus; Steven Mnuchin, the Secretary of the U.S. Treasury, said that the Treasury will soon roll out “significant new requirements” for crypto assets and their respective service providers.
Coinbase Injects More Liquidity Into Ethereum DeFi Ecosystem: To support the decentralized finance ecosystem, Coinbase recently announced a $1.1 million investment via its USDC Bootstrap Fund for two projects: $1 million to Uniswap, a decentralized exchange, and $100,000 to PoolTogether, a decentralized “no-loss” lottery. Earlier, Coinbase provided $1 million in USDC to both Compound and dYdX to kickstart the Bootstrap Fund.
Tron Launches MakerDAO-like App: On March 28th, Sun released the somewhat cryptic tweet seen below, writing “Something new.” and attaching the tweet with an image outlining a “CDP Portal.” Later. it was revealed that what Sun was posting about is a new Tron-based application called “Djed,” a project that touts itself as one that is “building the financial infrastructure for billions of people around the world.” Djed, which has since been renamed to “Just,” is a decentralized stablecoin solution that will allow users to put up Bittorrent and Tron tokens as collateral for a new stablecoin.
Something new. #DJED #TRON #TRX $TRX pic.twitter.com/k0rbDtjT0Y
— Justin Sun (@justinsuntron) March 28, 2020
Crypto Stablecoin Demand Explodes: Despite the strong downturn seen in the crypto markets, epitomized by Bitcoin’s 50% decline that transpired on Mar. 12, the amount of Tether’s USDT stablecoin in existence has exploded. In fact, according to industry news aggregator Unfolded, the market capitalization of the asset recently surpassed $6 billion, with $1 billion added to this metric in the past two weeks alone. In an industry valued at under $200 billion, such inflows are clearly dramatic.
Featured Image from Shutterstock origin »
CoinDesk’s coverage this week took in a memecoin juggernaut, major changes in the SEC’s approach to crypto, an executive order on digital assets, and heated debate over Ethereum’s future. Meanwhile, Silk Road founder Ross Ulbricht finally stepped free, as Trump followed through a big promise to the crypto community.
The crypto market has entered recovery mode after a huge dip with all coins regaining value this week – is this coin going to be a leader of the new bull run?
Key US economic data this week, from employment reports to FOMC minutes, may shape crypto market trends, driving potential volatility.
The post 5 US Economic Data Reports Shaping Crypto Markets This Week appeared first on BeInCrypto.
From Gensler’s resignation to groundbreaking Bitcoin ETF approvals and Poland’s crypto ambitions, this week brought pivotal crypto developments.
The post This Week in Crypto: Gary Gensler SEC Finish Line, US Crypto-Czar, Russia Tax Bill, and More appeared first on BeInCrypto.
Key US economic data—CPI, PPI, retail sales—may steer crypto markets this week, impacting Bitcoin’s trajectory above $80,000.
The post 4 US Economic Events That Could Impact Crypto Market This Week appeared first on BeInCrypto.
Total crypto venture capital (VC) funding investments exceeded $40 million last week, with decentralized data infrastructure platform VLayer securing $10 million. That’s a large drop in volume and value compared to the previous week. Crypto.news perused the latest data to…
The crypto VC community turned out for several startups this week, including Story Protocol’s $80 million series B funding round. The week, between Aug. 18 and Aug. 24, has been buzzing with activity in the crypto venture capital space. According…
Crypto analyst The DeFi Investor shared the crypto watchlist for this week. Let us dig deeper to understand why these cryptocurrencies and events are worth watching this week. Bitcoin (BTC) and the Upcoming FOMC Meeting All eyes are on Bitcoin (BTC) as the next Federal Open Market Committee (FOMC) meeting approaches on June 12.
TLDR Volatility in the crypto market continues following the SEC decision on Bitcoin ETF. The past week has been incredibly exciting, with significant fluctuation in both centralized and decentralized cryptocurrencies in.
In a week brimming with anticipation, the Bitcoin and crypto market is poised to witness a series of significant events that could steer the trajectory of digital assets. From pivotal price action in Bitcoin to crucial decisions by the US Federal Reserve (Fed), and from landmark trials to influential crypto conferences, the week is packed […]
A curated weekly summary of forward-focused crypto news that matters. This week, the SEC bites back in its ongoing legal battle against Ripple, Chainalysis is scrutinized for apparent inaccuracies in its data and soaring Bitcoin mining affects miners' margins.
The crypto market is always in flux, with new narratives and trends emerging each week. Renowned crypto analyst Miles Deutscher recently took to Twitter to share his insights on the altcoin space, shedding light on the tokens that are catching his attention.
A curated weekly summary of forward-focused crypto news that matters. This week, Whales load up on BTC pre-halving & spot-ETF approval, California considers a crypto company license regime, and most major crypto exchanges show signs of stability.
A curated weekly summary of forward-focused crypto news that matters. This week, the Chairman of the Federal Reserve signals that interest rate hikes will continue, Oman embraces private Bitcoin mining, and Kuwait conversely makes most digital asset services illegal.
A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin suffers its worst weekly percentage loss since the collapse of FTX. Influencing factors include rumors of Space X selling its BTC holdings and the bankruptcy filing of Chinese property giant Evergrande.
In the ever-evolving crypto space, every week brings with it a new set of challenges, opportunities, and developments. As we head into a new week, there are several stories that are likely to capture the attention of crypto enthusiasts and investors alike.
A curated weekly summary of forward-focused crypto news that matters. This week, markets have been energized by a major legal victory for Ripple Labs against the SEC, Standard Chartered predicts prices where Bitcoin miner selling pressure will slow, and historical data suggests we are in a price period of consolidation.
A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin manages to hold the US$30,000 price level, the de-dollarization continues full steam ahead and another major cross-chain bridge appears to have suffered an exploit.
Blackrock’s recent ETF application has improved the general sentiment among crypto whale investors.
Will the altcoin market reclaim lost ground and cut BTC dominance in the coming weeks?
The post Crypto Whales on Buying Spree: Accumulating These Top Altcoins This Week appeared first on BeInCrypto.
A curated weekly summary of forward-focused crypto news that matters. This week, huge taxes for Bitcoin miners dropped as part of the debt ceiling deal, CBDCs remain wildly unpopular with most Americans, and a new report from Glassnode reveals the uncanny ability of many first-time Bitcoin buyers to sell at the bottom of a cycle.
Analysis conducted by CoinShares highlighted that crypto markets saw a fifth consecutive week of outflows with the current week totaling a $32. 1 million loss. CoinShares sourced data from digital asset investment providers, such as Grayscale and ProShares, which cater to institutional and accredited investors.
A look at five altcoins that increased the most in this week's crypto market, specifically from May 5 to 12.
The post The Top 5 Altcoins That Thrived in the Bearish Crypto Market This Week appeared first on BeInCrypto.
A curated weekly summary of forward-focused crypto news that matters. This week, Binance closes BTC withdrawals citing congestion, Montana signs a new bill to establish cryptocurrency friendliness, and Americans are worried about the safety of their money stored in banks.
The crypto market is bracing for new economic data from the US, Europe, and Asia. As well as earnings reports from Big Tech.
The post Four Global Financial Events Poised to Shake Up Crypto Markets This Week appeared first on BeInCrypto.
A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin slides amid the latest bout of regulatory uncertainty in the United States, Argentina looks set to be stricter with crypto as it faces an IMF bailout, and Bitcoin has a strong recent correlation with gold.
This week's news was dominated by news that North Carolina is seeking a temporary halt on mining, as several AI tools reveal limitations.
The post This Week in Crypto: ChatGPT Crypto Limits, U.
Crypto news: We bring you a roundup of what’s been happening in crypto this week. Elon Musk’s Doge drama was the talk of the town this week, along with the arrest of former President Donald Trump.
A curated weekly summary of forward-focused crypto news that matters. This week, A global de-dollarization movement boosts the appeal of crypto, fear of further bank insolvencies continues and Bittrex shuts down its US operations.
With crypto exchange Coinbase (COIN) last week receiving a Wells Notice signaling impending action from the SEC, and with the CFTC this week suing Binance, another crypto exchange, it feels like the crypto industry is at war with the U.S. government. This could get bad.
Crypto news: We bring you a roundup of what’s been happening in crypto this week. And the biggest news event of the week came in the form of a bill presented to Congress which may have grave implications for virtual private network (VPN) users.
Crypto news: We bring you a roundup of what’s been happening in crypto this week.
The post This Week in Crypto News: Balaji’s $1M Bitcoin Bet, Big Brother CBDCs, and India Conquers Crypto appeared first on BeInCrypto.
A curated weekly summary of forward-focused crypto news that matters. This week, bitcoin rallies as doubt in the traditional financial system falters, a Federal judge challenges the SEC on unclear crypto communication, and the stablecoin ecosystem has another bout of shakiness.
Crypto news: We bring you a roundup of what’s been happening in crazy world of crypto this week.
The post Week in Crypto News: Laugh at Jim Cramer’s Expense, Bust Bank Bonuses, and Bullish Alts appeared first on BeInCrypto.
A curated weekly summary of forward-focused crypto news that matters. This week, financial markets including crypto slide as SVB collapse sparks contagion risk, Circle's USDC loses its peg and Bitcoin's fundamentals remain strong despite market chaos.
Crypto news: We bring you a roundup of what’s been happening in crypto this week. And what a week it was!
The post This Week in Crypto News: Lido’s Wells Notice, Kraken Bank, and Jimmy Fallon Subpoenaed appeared first on BeInCrypto.
A curated weekly summary of forward-focused crypto news that matters. This week, troubles at Silvergate create a bearish headwind, Beijing allows Hong Kong to embrace Bitcoin, and onchain data indicate that most bitcoins in circulating supply remain in profit.
This week, there have been several significant updates in the world of crypto, including the launch of new crypto products, regulatory changes, and market movements.
Crypto news: We bring you a roundup of what’s been happening in crypto this week. And Groundhog Day springs to mind. Again.
The post This Week in Crypto News: Binance Under the Spotlight, Gensler Gets Going, and Mac Malware appeared first on BeInCrypto.
These five cryptos posted the most negative performance in the entire crypto market last week.
The post These 5 Altcoins Dropped the Furthest in the Crypto Market This Week appeared first on BeInCrypto.
A curated weekly summary of forward-focused crypto news that matters. This week, crypto slides as major exchange Kraken faces SEC charges, one of Brazil's largest banks allows customers to pay for taxes with crypto, and the IMF recommends that El Salvador reconsiders its Bitcoin exposure.
Crypto News: Here are the most popular stories from across the cryptosphere as featured in BeInCrypto this past week.
The post This Week in Crypto: ChatGPT Spawns Rivals, Banks Eye Ripple Case, and Adoption Up appeared first on BeInCrypto.
A curated weekly summary of forward-focused crypto news that matters. This week, with the next Fed interest rate hike already priced in, momentum in crypto markets continues, Brazil and Argentina discuss a common currency and Gibraltar-based crypto lenders Lendingblock's website disappears.
Crypto News: Here are the most popular stories from across the cryptosphere as featured in BeInCrypto this past week.
The post This Week in Crypto: Top AI Crypto, Signature Drops Binance, DoJ Captures Bitzlato appeared first on BeInCrypto.
A curated weekly summary of forward-focused crypto news that matters. This week, The price momentum in crypto markets continues driven by more positive economic data, BNB conducts its first Coin Burn of 2023 and Russia takes steps towards de-dollarization.
A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin surges as the first CPI print of the year reveals a dropping inflation rate, SBF publishes a new blog that expounds his innocence, and onchain metrics send mixed signals.
The crypto market has been very bullish in the past week as the turn of the year sparked positive investor sentiment for the industry, especially to our top 5 crypto to watch this week. Since January 1st, the total market cap of crypto rose by 8.
Crypto News: Here are the most popular stories from across the cryptosphere as featured on BeInCrypto this first week of the new year.
The post This Week in Crypto: Questionable Pi Listings, Trump Tokens Down, Ripple’s Crypto Wins appeared first on BeInCrypto.
As the first week of 2023 is about to end, some crypto managed to shake off New Year jitters and put together stellar performances, at least in the weekly gains department. While maiden crypto Bitcoin and altcoin king Ethereum are slow to gain some steam, “lesser known” digital coins have managed to steal the spotlight […]
In Crypto Headlines This Week: Sam Bankman-Fried Spotted in JFK, ETH Breakout, and more pain ahead for SOL holders.
The post This Week in Crypto: SBF Gets Bail, Solana Dumpster Fire Continues and Could BNB Be a Security? appeared first on BeInCrypto.
Турецкий парламент принял законопроект, устанавливающий строгие правила для обращения с криптовалютами в стране. Документ, принятый 12 ноября 2024 года, призван урегулировать быстрорастущий рынок криптовалют и обеспечить его соответствие международным стандартам.
В стремительно меняющемся ландшафте цифровых финансов появление криптоактивов создало беспрецедентные проблемы и возможности для регулирующих органов, которые предоставляют упреждающие рамки по всему миру.
Earlier this month, global financial crimes watchdog FATF urged G-7 economies like Japan to lead by example to implement its controversial "travel rule" for crypto transfers.
The Financial Action Task Force has said it does "not require countries to indiscriminately ban virtual assets and virtual asset service providers," after Pakistan's Minister of State for Finance and Revenue said crypto cannot be legalized due to conditions set by the watchdog.
Meeting international Anti-Money Laundering standards is the latest in a series of measures Japan has taken in recent months to improve its cryptocurrency regulation.
“Countries that have not introduced Travel Rule legislation should do so as soon as possible, and FATF jurisdictions should lead by example," said the organization.