Cryptocurrency News

Why did Bitcoin fall below $33K? Coinbase whales might have the answer Bitcoin (BTC) slid under $33,000 for the first time in over a week on Jan. 21 as selling pressure gathered to drive price action lower.Data from Cointelegraph Markets and TradingView showed BTC/USD continuing its downtrend on Thursday, dropping 7.% on the day and failing to bounce off $33,0

. Representations of virtual currency Bitcoin are placed on U.S. Dollar banknotes LONDON Bitcoin slumped 10% on Thursday to a 10-day low of $31,977 as the world's most popular cryptocurrency continued to retreat from the $42,000 record high hit on Jan. 8. The pullback came amid growing concerns that bitcoin is one of a number of financial bub

Biden freezes proposed FinCEN crypto regulations President Joe Biden has halted all new and pending regulatory rules from the Trump-era, including the proposed FinCEN rule which has been largely described as detrimental to the crypto industry. Consequently, no proposal will be implemented until Biden’s team can review it.The ban was confirmed in a White Hous

Russian court order removes Binance website from regulator’s blacklist The website of the world’s largest cryptocurrency exchange, Binance, is no longer formally blacklisted in Russia, according to a new court ruling.According to a Jan. 21 report by Russian news agency Kommersant, the Arkhangelsk Regional Court has annulled a previous decision to blacklist

Pando Coin debuts on leading U.S. crypto exchange, Bittrex The native currency of the Pando ecosystem, Pando Coin (PANDO), has been listed on Bittrex and is now available for trading. Confirming the listing in an official Medium post, Bittrex Global said:“We are happy to announce the listing of Pando (PANDO) for our customers! The PANDO wallet is enabled for

Ethereum tumbles 7% right after new all-time highs: Are ETH bulls in trouble? The price of Ether (ETH), the native cryptocurrency of Ethereum, fell sharply as Bitcoin (BTC) corrected overnight on Jan. 20.Bitcoin price slid to as low as $34,000 on Binance, recording a 10% drop since yesterday’s peak.Bitcoin price chart with key levels. Source: , TraderXOWhat

83% of cryptocurrencies that peaked in 2018 are still down by 90% Data published by crypto market data aggregator Messari shows that 83% of crypto assets that tagged all-time highs in January 2018 are still down by at least 90%.The data was spotted by CMT Digital analyst Matt Casto, who tweeted data showing the average return-on-investment, or ROI, of crypto a

Former Ripple advisor set to become Comptroller of the Currency: WSJ According to the Wall Street Journal, a former member of Ripple’s board of advisors directors is likely to become the next Comptroller of the Currency.The report cites insiders “familiar with the matter” who expect President Biden to nominate former Treasury Department official, Michae

Going long: 270K Bitcoin moved into storage in a month Despite surging prices, Bitcoin investors are rapidly locking up their BTC for the long-term, with 270,000 BTC being taken out of liquid supply in the last 30 days.According to data published by crypto market data aggregator Glassnode, “liquid” Bitcoin wallets have shed 270,000 BTC over the past month

President Biden freezes FinCEN's proposed crypto wallet regulations One of the first actions President Joe Biden has taken on his first day in office is to freeze Federal regulatory process, including the controversial self-hosted crypto wallet regulations proposed by former Treasury Secretary Steven Mnuchin.The announcement came in a White House memorandum fo

Eth2 notches up 66K validators as devs reveal progress for 2021 Seven weeks after the launch of Ethereum 2.0’s beacon chain and 2.25 million ETH has been deposited into the ETH2 contract address, signaling growing confidence in the long-awaited rollout of ETH2. More than 66,360 beacon chain validators have been created as part of Ethereum’s transition from

Nebraska senator introduces bills to allow state banks to custody crypto A Nebraska state senator has proposed new crypto-friendly legislation which could see his state become the next regulatory safe haven for FinTech firms.Sworn in just two weeks ago, Republican Mike Flood today introduced the Transactions in Digital Assets Act and Adopt the Nebraska Financ

Some institutional investors taking profit as Bitcoin retraces A new report from crypto fund provider CoinShares has indicated that some institutional investors have been realizing profits during BTC’s recent consolidation.CoinShares’ weekly digital asset flows report identifies $85 million in outflows from institutional crypto products this past week, ass

Bitcoin price searches for support near $35K, DeFi tokens move higher Bitcoin price is finding soft support at $35,000 after dropping 7.4% in the later hours of Jan. 19. According to Cointelegraph contributor Joseph Young, the correction was primarily the result of an overheated derivatives market and uncertainty over whether BTC can recapture the $40,000 leve

Sweden is working with DLT for its CBDC proof-of-concept Central Bank Digital Currencies, or CBDCs, were the talk of the town for many in crypto and banking in 2020, with Sweden's prospective e-krona one of the frontrunners. Sweden’s central bank, Sveriges Riksbank, is investigating distributed ledger technology, or DLT, for its CBDC proof-of-concept, the b

3 reasons Bitcoin abruptly dropped by 7.4% overnight The price of Bitcoin (BTC) dropped sharply from $37,800 to $35,000 overnight, liquidating $572 million worth of cryptocurrency futures positions.There are three major reasons why the price of Bitcoin declined steeply in the past 12 hours. The reasons are an overheated derivatives market, growing doubt in th

Yearn.finance team proposes $225 million YFI token mint After a week of at times rancorous debate, an 11-author team of Yearn.finance core contributors and community members have submitted today a proposal to increase the supply of YFI by 6666 tokens — a quantity worth roughly $225 million at today’s prices.The proposal is the culmination of a wider discus

Origin Protocol begins accepting compensation claims following $7M exploit Origin Protocol, a DeFi stablecoin project, will begin accepting claims from users who were affected by a $7 million exploit that occurred back in November 2020.According to a blog post from Origin on Jan. 20, the project announced it will be making good on a December promise to compens

Price analysis 1/20: BTC, ETH, DOT, XRP, ADA, LTC, BCH, LINK, XLM, BNB When an asset is in an overbought condition and traders are sitting on large profits, even minor negative news and events could trigger profit-booking. This seems to have happened following Janet Yellen’s adverse comments on cryptocurrencies during a virtual hearing with the U.S. Senate F

BlackRock’s new SEC filings list Bitcoin derivatives as possible investment BlackRock (NYSE:BLK), the world’s largest asset manager, could be preparing its entry into the Bitcoin (BTC) derivatives market, according to a pair of filings with the United States Securities and Exchange Commission, or SEC. The two prospectus filings — BlackRock Funds V and Bl

Antitrust watchdogs around the world are going back to school to study blockchain and AI Competition authorities are hitting the books when it comes to emerging technologies like blockchain and AI. On Tuesday, the Department of Justice announced that it would be participating in a new initiative at Stanford University to onboard more advanced technological too

Crypto winter: Bitcoiners use mining rigs as heaters as temperatures drop Bitcoiners mining cryptocurrency at home this winter have been staving off freezing temperatures by putting them to good use as heaters. According to the Wall Street Journal, crypto miners in France and the United States report their overall heating costs have dropped — even if the t

All-time high social activity accompanies 100% rally in Cardano price Social media mentions about Cardano have been growing since the beginning of the year, and during this time, the price of its ADA token has more than doubled, in the process surpassing Bitcoin Cash (BCH) to become the sixth-largest cryptocurrency by market capitalization. A deeper dive into

Multiple DeFi projects unveil, plan new user interface upgrades Many of the most popular decentralized finance protocols are getting a front-end makeover, but will the new looks and sleeker interfaces bring widespread adoption? Critics have long held that the barrier to entry for DeFi is significant, both for the amount of knowledge required to participate as

SEC’s SEC Commissioner Hester Peirce spoke at the CFC 2021 virtual blockchain conference on Jan. 20, where she discussed the prospect of working with a new Biden-appointed chairman, and touched on her hopes of providing the cryptocurrency space with some “safe harbor”.Known affectionately by cryptocurrency enthusiasts as “Crypto Mom”, Peirce address