Cryptocurrencies

European Securities and Markets Authority Blames Crypto For Financial Instability

European Securities and Markets Authority (ESMA) in a paper on Tuesday warned investors that crypto assets are highly risky and may bring financial instability in the future. The ESMA asserts growing links between crypto and traditional markets need increased monitoring and regulatory oversight. The paper shows how European Union officials see risks in the crypto The post European Securities and Markets Authority Blames Crypto For Financial Instability appeared first on CoinGape.

Bitcoin’s Social Dominance Hits 2-Months High

Interest for Bitcoin spiked on social platforms over the weekend, leading to its social dominance surging, according to Santiment. (Read More)

Bitcoin Hodlers Remain Steadfast, Coins Aged over 3 months Hit ATH of 86.3%

Despite Bitcoin lacking a significant upward momentum, this has not dampened the spirits of hodlers because coins aged at least 3 months hit an ATH of 86.3%, according to Glassnode. (Read More)

Buying Pressure on Bitcoin Dwindles as more BTC Moving to Exchanges

Bitcoin’s bearish momentum continues, data shows more Bitcoins are transferring to exchanges from cold wallets, which means the selling pressure is on the rise. (Read More)

Stocks, Bonds, Commodities Dropping: Crypto Prices To Follow Suit?

At a time when the crypto ecosystem went through one of the most sought after upgrades, the stocks are falling. On Thursday, everything seems to be on the downward curve while cryptocurrencies already were down after The Merge completion. All asset classes, including stocks, bonds, crypto and commodities are falling in values currently. The Nasdaq The post Stocks, Bonds, Commodities Dropping: Crypto Prices To Follow Suit? appeared first on CoinGape.

United States SEC sues Chicago Crypto Capital- Here’s why

The Securities and Exchange Commission (SEC) of the United States has sued Chicago Crypto Capital, for allegedly selling unregistered crypto securities worth $1.5 million. These tokens were being sold to unsuspecting investors from August 2018 to September 2019. SEC has alleged that Chicago Crypto Capital, a Chicago-based DeFi advisory firm, its owner and president Brian […]

Crypto enthusiasts bid goodbye to “tourist builders” amid 26% drop in dev activity

As per recent data, a lengthy market downturn has led to more than 26% reduction in the number of weekly active developers over the last three months. According to Blockchain data aggregator Artemis, the four top smart contract platforms witnessed even much bigger decreases in developer activity. These include Ethereum [ETH], Polkadot [DOT], Solana [SOL], […]

Want to know the future of crypto market in 2022? Read this report

Accounting organization, KPMG, released a report that commented on the current state of the cryptocurrency market. The report stated that crypto projects will continue to stay low for the rest of 2022. The reason being the Terra debacle and the Russia-Ukraine impact. The report titled “Pulse of Fintech H1’22” stated that investors only put in […]

Bitcoin Dominance Hits 4-Year Low, Dormant Supply Touches Historic Highs

Bitcoin’s dominance in the crypto scene has nosedived as the leading cryptocurrency continues trading on shaky grounds. (Read More)

How Australian police is combating criminals through cryptocurrency

The Australian Federal Police (AFP) formed a new cryptocurrency unit to focus on crypto-related transactions, reported The Australian Financial Review. The step is in line with the policy of Australian law enforcement to monitor crypto-related transactions closely. Stefan Jerga, the national manager of the AFP’s Criminal Assets Confiscation Taskforce (CACT), commented on the matter at […]

Recent IMF report highlights the flaws of cryptocurrencies; rejects its sole use

The International Monetary Fund (IMF) recently published a paper titled “A Foundation of Trust“. The paper stated that central banks must harness technological innovations introduced by cryptocurrencies. Further, banks must do so while implementing CBDCs to build a rich and diverse monetary system. The paper also highlighted the flaws of cryptocurrencies. The paper is jointly […]

Bitcoin Makes Two Back-to-Back Weekly Closes Above 200-Week MA

Bitcoin has closed above the 200-week moving average (WMA) for two consecutive weeks, according to market analyst Ali Martinez. (Read More)

Bitcoin Shark, Whale Addresses Have Been Surging Since Mid-June

As Bitcoin continues hovering around the $23,000 level, shark and whale addresses have been experiencing a leg up since mid-June. (Read More)

Bitcoin bears in current cycle may ‘flush out’ weaklings as per this exec

The founding and managing partner of Guggenheim Partners, Scott Minerd, shared his thoughts about the cryptocurrency market at large in a recent interview with Bloomberg. He addressed the matter of how traders could profit from the large price fluctuations underway in the cryptocurrency market. However, he put out a word of caution. Scott stated that […]

With Upcoming Interest Rate Hike from Fed, Is BTC's Current Rally Short-Lived?

Bitcoin has regained momentum and reclaimed the $23K level, but this begs the question if this uptick is short-lived, given that the upcoming interest rate hike from the Fed. (Read More)

Gary Gensler clarifies plans for crypto regulations, but will the SEC follow through?

Russia has reportedly implemented a new law that bans crypto payments in the country. This move may rip off the proverbial bandage on the crypto market which has been trying to recover after a major selloff this year. SEC’s Gary Gensler’s latest statements may however water down the fresh concerns over unfavorable regulatory pressure and […]

Bitcoin's Balance on Exchanges Hits a 4-Year Low Amid Traders Becoming Overly Optimistic

As Bitcoin (BTC) continues hovering around the $20K area, the balance on exchanges is shrinking. (Read More)

Social Dominance on Bitcoin Takes the Lead, BTC Addresses Created Hitting 1 Billion

Bitcoin continues to be the talk of the town based on high social dominance levels, according to Santiment. (Read More)

Bitcoin Dipped below 100-hour MA, Triggering Further Downswing, Analyst Suggests

Bitcoin dipped below the 100-hour MA, triggering a continuous downswing. Analysts suggest the leading crypto might further drop to a level between $19.3K and $18.6K. (Read More)

Bitcoin Still Needs Time to Form a Resilient Bottom, Glassnode Suggests

A report from Glassnode suggests the Bitcoin (BTC) market still has not touched the bottom, despite capitulation happening. (Read More)