After correcting 15%, Bitcoin price dropped to $30,000 but derivatives indicators suggest pro traders are buying the dip. In the last 24-hours Bitcoin (BTC) price dropped 14% and tested the $32,000 support for the fifth time this year. Traders probably became even more worried as the price fell to $31,050 but at the time of writing the 4-hour chart suggests that the selling could be slowing down.  Currently the shorter-term charts indicate that Bitcoin is still flirting with bearish territory but a number of derivatives indicators and […]

He feels Bitcoin might need such solutions, even with the coin in a store of value role. Would Bitcoin and its blockchain be able to handle mainstream adoption as a store of value without requiring second-layer solutions? Genesis Mining’s head of mining operations, Philip Salter, holds a mixed view.  “I think Bitcoin is a good store of value regardless of transaction fees,” Salter told Cointelegraph. “The issue is — the higher the fees are the larger is also the minimum value that can be efficiently transferred.” Bitcoin […]

Investigators reportedly identified the individuals by tracing the crypto exchange accounts used to launder the funds. Authorities in Japan are reportedly targeting individuals for their alleged involvement in the January 2018 hack of the Coincheck crypto exchange. According to a Jan. 22 report from Japanese news outlet Nikkei Asia, police have arrested or referred roughly 30 people in Japan to the local prosecutors’ office for their alleged role in hacking one of the country’s cryptocurrency exchanges. In January 2018, hackers stole roughly $534 million worth of NEM (XEM) from […]

Strong fundamentals are attracting traders to Hedera Hashgraph, Reef and Perpetual Protocol even as Bitcoin price hangs near a crucial support level. Bitcoin (BTC) price tumbled more than 10% today to hit a low near $31,000 and at the time of writing it looks like the sell-off has a bit further to go. In a weekly report from crypto fund provider, CoinShares, some institutional investors seem to be booking profits and the analysts also cited the strengthening (trade-weighted) U.S. dollar. Another indicator that points to professionals selling […]

Tarbert’s brief term was nonetheless notable for clarity on cryptocurrency in U.S. regulation. Heath Tarbert is no longer the chairman of the Commodity Futures Trading Commission, but he will remain one of its five commissioner In a CFTC announcement on Thursday afternoon, Tarbert followed through with his resignation, which he announced at the beginning of December. However, it was not clear at the time whether he would remain on the commission at all. Today’s announcement confirmed that Tarbert would stay on as a commissioner, with a term […]

The past two years were much harder on the dollar, however. Despite rapid advancement of a digital yuan, China’s progress in internationalizing its currency has stalled out in recent months.  Per data from SWIFT’s RMB Tracker released on Jan. 20, the Chinese yuan (CNY), also known as the Renminbi (RMB) had gained only .02% in international usage between December 2018 and last month. Meanwhile, it had fallen from 1.26% to 1.16% between November and December of 2020. Source: SWIFT While not a catastrophe, it’s nowhere near the […]