Category Archive: Cryptocurrency, No picture
Goldman Sachs Files for DeFi ETF
Key Takeaways Goldman Sachs has filed for an ETF focusing on DeFi and blockchain. The fund would invest at least 80% of its assets in securities, depositary receipts, and stocks of companies that advance blockchain technology and the digitization of finance. While the SEC is currently reviewing over a dozen crypto-related ETF applications, it’s yet […]
Monero Bug Breaks Transaction Privacy
Monero developers have discovered a bug in the coin’s privacy algorithms that allows for transaction destinations to be identified, breaking privacy. Monero Encounters Privacy Bug The team behind Monero, one of crypto’s leading privacy coins, has discovered a “rather significant bug” in one of the coin’s privacy algorithms. The bug, which only affects funds spent […]
Amazon Denies Rumours of Cryptocurrency Support
Key Takeaways Amazon has denied the City AM rumor that the giant would be accepting crypto payments by the end of the year. The rumor had sparked an impressive 15% move up to $40,000 for Bitcoin which is now back under $38,000. Amazon is still recruiting blockchain-savvy employees as the firm continues to explore its […]
Tether Executives Face Criminal Probe From U.S. DoJ
Key Takeaways The U.S. Department of Justice has opened a criminal probe against Tether Limited. The investigation is focusing on bank fraud committed during the company’s early years of operation. Tether settled with the New York Attorney General earlier this year over the alleged issuing of stablecoins without proper backing. The world’s largest stablecoin provider, […]
Amazon Bitcoin Payment Rumors Spark Market Euphoria
This news was brought to you by Phemex, our preferred Derivatives Partner. Rumors have emerged that e-commerce giant Amazon is lining up crypto payments and a native crypto token. However, official sources are yet to confirm the information. London Newspaper says Amazon to Accept Crypto Payment Crypto markets rallied Sunday night following rumors that e-commerce […]
South Korea Proposes to Seize Crypto from Tax Evaders
Key Takeaways South Korean tax authorities has proposed a law to seize and sell crypto assets held by tax dodgers in exchanges. The new revisions would force crypto exchanges to transfer crypto assets to the tax authorities immediately upon formal request. It would patch a hole in the current property seizure procedures prohibiting tax authorities […]
Bitcoin, Ethereum, and XRP Bullish after Weekend Gains
Key Takeaways Bitcoin is steadily rising toward $46,000 with little to no opposition ahead. Ethereum regained a significant support cluster that could fuel an upswing to $3,000. XRP presented a buy signal that has now been confirmed, presenting a target of $1.00. This news was brought to you by Phemex, our preferred Derivatives Partner. The […]
Binance to Delist Three Fiat Pairs in Margin Account
Key Takeaways Binance has announced delisting of fiat pairs in EUR, GPB, and AUD in margin accounts from August. Binance CEO stated that they have started to reduce the upper leverage limit of derivatives account from 100x to 20x. The exchanges has been focused on complying with regulations worldwide. Binance announced the delisting of euro, […]
Axie Infinity Trading at Extremely Overbought Conditions
Key Takeaways Axie Infinity’s AXS token has risen by more than 250% in the past five days. AXS seems to have entered overbought territory based on technical and on-chain metrics. A spike in selling pressure could see the token price drop to $28. Axie Infinity has been posting massive gains while most cryptocurrencies have been […]
Bitcoin Targets $46,000 After Breaking Crucial Resistance
Key Takeaways Bitcoin seems to have broken out of a descending triangle pattern on its daily chart. A spike in buying pressure could see prices rise by more than 40% towards $46,200. Bitcoin must hold above the $32,700 demand barrier for the bullish outlook to remain intact. Bitcoin has turned a crucial resistance level into […]
