The crypto markets are continuing to take a tumble today, June 23, following slew of FUD-like news from the crypto sector in South Korea and Japan.
Bitcoin (BTC) is edging closer to $6,000, trading for around $6,105 at press time, down less than 1 percent over a 24 hour period.
Bitcoin price chart.
Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) is slightly down, trading for around $472 and down almost 1 percent over a 24 hour period to press time.
Total market cap of all cryptocurrencies from Coinmarketcap Beyond the FUD, the market received the positive news this week that the now-defunct Mt.
Hacking is no longer new in the crypto space. The industry has seen many incidents since its inception and even recorded more during the 2022 crypto winter, especially in the DeFi Sector. Yahoo Finance said the crypto sector lost almost $50 billion last year.
From crypto to blockchain to non-fungible tokens, the mode of payment in businesses in the vast sphere of the world’s consumer sector has been undergoing a transformation over the course of the past few years.
Lawmakers don’t appear swayed by crypto industry claims as they consider applying anti-laundering identification rules to the sector, but some argue their plans are unworkable or unlawful.
The growing popularity of cryptocurrency asset investments over the past few years, especially from the retail sector, could be considered a byproduct of incessant crypto advertising by emerging compaThe post U.
The Investigative Committee of Russia might be looking to exert more influence over the crypto sector. In a recent interview, Alexander Bastrykin, Chairman of the Investigative Committee of Russia saiThe post Russian regulators aim to increase legislation in the crypto sector appeared first on AMBCrypto.
Crypto exchanges nowadays offer a wide range of services. However, reaping all of the benefits out of the crypto sector is a challenge that has only been achieved by a handful of crypto platforms. The emergence of new blockchains and cryptocurrencies provides the crypto sector with a much-needed push into mass adoption. Currently, thanks to […]
It’s no secret that the decentralized finance (DeFi) sector has been one of the best-performing ones throughout the past several months, with many of the crypto tokens related to this fragment of the market posting intense gains.
Bitcoin mining farms have similar power needs, making Colorado Springs a great place to set up shop. Much of the town’s economy is based in the high-tech sector, with companies like Verizon and Hewlett-Packard setting up offices.
Observers say it is probably due to overestimated demand in the gaming sector and the underestimated impact of the declining demand in the market for mining equipment. Quoted sources from the industry claim the return of the chips is related to the decreasing demand from cryptocurrency miners. AMD Price Chart, Ycharts The crypto market ups
Dipping cryptocurrency markets are hurting not only crypto holders but also a number of related businesses and sectors. Manufacturers of hardware that can be used in mining applications, like GPU makers Nvidia, AMD and their OEM partners, are also hit by weak demand in the sector which is pushing inventories up.
Economy & Regulation The Financial Supervisory Commission of Taiwan has indicated its intentions to maintain only a limited oversight of cryptocurrencies. The regulator said it’s going to focus mainly on the enforcement of anti-money laundering policies, while remaining open towards innovations like those coming from the crypto sector. The regulator is only involved in preventing
The Financial Supervisory Commission of Taiwan has indicated its intentions to maintain only a limited oversight of cryptocurrencies. The regulator said it’s going to focus mainly on the enforcement of anti-money laundering policies, while remaining open towards innovations like those coming from the crypto sector.
The Europol is meeting 16 cryptocurrency exchanges, digital wallet providers, and payment processors in a three-day conference in Hague. Beginning Tuesday, the participants will discuss ways to curb criminal activity in the digital currency sector and ways to avoid money laundering using digital coins.
Leading companies from the crypto sector in Ireland have complained they are being denied services by some of the country’s major financial institutions. Among the affected businesses are bitcoin exchange Bitcove, winner of the bank-sponsored “Best Business Startup” award, and Ireland’s “longest running” bitcoin broker, Eircoin.
The Bloomberg Terminal is a system developed by Bloomberg to allow financial experts to access Bloomberg moderated market data. The system is an inclusive package for any company within the financial sector and is also used to provide financial workers news, price quotes and a messaging service across a secured network.
Crypto self-regulatory body CryptoUK has offered proof to a Treasury Select Committee and cautioned the UK government it must control the sector or risk missing out “on the largest technology since the internet.
Not content with being one of the most ubiquitous companies in the world, it is speculated that Amazon is highly likely to partner with Ripple (XRP) in 2018. Ripple, an international real-time gross settlement company dealing in currency exchange, supports cryptocurrency exchanges and flat coins, has been exploring growth expansion into the banking sector.
Blockchain technology, which is the backbone to everything crypto and the key to decentralization, has the potential to be implemented in almost every existing industry to enhance security, information sharing, and transparency.
Statistics from leading job search platforms indicate that the demand for cryptocurrency and blockchain specialists in Russia remains strong. Most employers offering these vacancies are either IT companies or banks.
Cryptocurrency wallet and vault Xapo is the latest recipient of New York’s ‘BitLicense’, arguably the strictest state law governing the crypto sector, from the state’s financial regulator. Notably, this is the sixth-ever BitLicense the state has granted, with the last one being obtained by brokerage firm Genesis Global Trading in May 2018. With the obtained
The banking sector has long been untrustworthy, taking advantage of customers while implementing centralized and opaque practices which serve to only benefit financial institutions. In essence, you lose your hard-earned money while wealthy bankers add to their stockpiles.
esports. com, the famed bridge between cryptocurrency and online gaming are marching forward with a brand-new idea that is set to see the establishment of an Esports University. The Esports University will see a collaboration between the blockchain revolution, the online gaming industry and the education sector, in a move that is designed to both utilise the ERT Token and of course the Esports platform.
The code repository, serving as a source for downloads, due diligence, and a platform for discussions, is another centralized tool for the crypto world.
In what seems to be a rare moment of very outspoken grandeur, Brad Garlinghouse the CEO of Ripple has spoken out against Bitcoin, stating that the supposed ‘decentralised’ cryptocurrency is actually an asset controlled by the Chinese and that therefore, it can never be a realistic currency with any realistic means of adoption.
Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas.
Canada’s Quebec province has announced that it will be suspending all approvals for new digital currency-mining projects so officials can consider deeper restrictions and potential energy price hikes.
U. S. Securities and Exchange Commission (SEC) chairman Jay Clayton states that the SEC will not be bending the rules anytime soon when it comes to cryptocurrencies and that while bitcoin remains a commodity, all initial coin offering (ICO) tokens — or coins offered through a fundraising process — classify as securities.
The crypto market recently saw a downturn that caused $120 billion to be taken off the total market cap in the space of a day. This obviously had caused panic across the market, triggering sell-offs from investors who were trying to save themselves from more losses.
BeInCrypto takes a look at on-chain indicators, more specifically the MVRV Z-Score, and then the Market and Realized capitalization levels.
The post Realized Cap Catches up to Market Cap – Bitcoin (BTC) On-Chain Analysis appeared first on BeInCrypto.
Bitcoin (BTC) is up 65% in 21 days and has set a new all-time high (ATH) of $67,000. After that, it has been consolidating around $60,000 for the last 2 weeks. Such price action of the largest cryptocurrency provides potentially ideal conditions to initiate altcoin season.
The total cryptocurrency market cap (TOTALCAP) has reclaimed the $2 Trillion (tn) support level. Indicators are leaning on bullish.
The post Major Indices Show Considerable Strength During Recovery appeared first on BeInCrypto.
It has been an eventful 24 hours for the crypto market, as front-runners bitcoin (BTC) and Ether (ETH) show significant growth. Increases that have brought an additional $140 billion to the market.
The Altcoin Index (ALTPERP) is trading between support and resistance at $2820 and $4780
The post Various Indices Struggle to Regain Footing After Sharp Correction appeared first on BeInCrypto.
Disbelief may be keeping crypto investors from realizing what’s going on right under their noses: Confirmation that a new bull market has begun. Here are a total of ten exceptionally bullish factors that indicate a new crypto bull run has begun.