Month: March 2020

Bitcoin Price Has 8 Hours to Close Above Crucial $5,500 Level: Why It’s Important

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Bitcoin has had a tough week, to say the least; after peaking at $9,200 on Saturday, the cryptocurrency started a precipitous decline, falling through support level after support level as if they were irrelevant. Indeed, at the crash’s worst on Friday morning, the cryptocurrency had reached a price as low as $3,800 (or $3,200 on some trading pairs/swaps), easily breaking through every single relevant level for Bitcoin up to that point. Despite this, bulls have a chance to recover a key moving average that has acted as support for the…

The Cracks Are Showing in Iran

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Running up against limited experience and resources for monitoring potentially illegal use of digital assets, United States authorities delegate sanctions monitoring to cryptocurrency exchanges and industry players. But do current practices do more harm than good? Who will watch the watchlist? Within the U.S. Treasury, the Office of Foreign Asset Control (OFAC) is responsible for sanctioning individuals and entities the country considers threats to national security. Earlier this month, OFAC added two Chinese nationals accused of laundering money for North Korea’s infamous Lazarus Group. Notably, OFAC’s designation included crypto addresses…

Using Digital Currency for Climate Markets

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Climate change has created a rapidly growing global market for a digital eco-commodity called carbon credits. Current estimates value these carbon markets at over $100 billion annually. A carbon credit represents one metric ton of CO2 and is connected to efforts to reduce carbon emissions that cause climate change.  Carbon markets are one of the best tools that companies and policy-makers have for reducing carbon emissions, putting a value on a ton of CO2 so that markets can get to work creating price signals for reducing emissions. Various initiatives over…

3 Reasons Last Week’s Epic Bitcoin Price Crash Has a Silver Lining

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Bitcoin (BTC) hodlers deserve a pat on the back for making it through this last week, as BTC witnessed its largest sell-off in history, in terms of USD value, causing the leading digital asset to shed $70bn of its market cap in a single 24-hour period. I shudder to think about the fortunes that were lost, but as we are left reeling in the aftermath of this selloff, a question remains. Could anyone have seen this coming? And has the outlook for Bitcoin now changed? These are two questions I…

As Wallet Brands Seek an Edge Over the Competition; Hodler’s Win With Earning Opportunities

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Are you missing out on the latest features from crypto wallet services? As global investors get more familiar with cryptocurrencies, the focus of related investor news has begun to change. In the beginning, a lot of the focus was on the assets themselves – what to buy, when to buy it, and most importantly, how these digital assets work. Now that many investors on the vanguard of cryptocurrency markets have learned a lot of these things, there are new types of strategies that experts are recommending, and many of these…

As Wallet Brands Seek an Edge Over the Competition; Hodler’s Win With Earning Opportunities

boss

Are you missing out on the latest features from crypto wallet services? As global investors get more familiar with cryptocurrencies, the focus of related investor news has begun to change. In the beginning, a lot of the focus was on the assets themselves – what to buy, when to buy it, and most importantly, how these digital assets work. Now that many investors on the vanguard of cryptocurrency markets have learned a lot of these things, there are new types of strategies that experts are recommending, and many of these…

This Token Surged 65% in March despite Crypto Market’s $86.35B Loss

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A dollar invested in Tachyon Protocol’s IPX token at the beginning of March has returned $1.65 by the mid. The newborn cryptocurrency went live on HitBTC on February 25, 2020, the day the crypto market suffered about $12 billion worth of intraday loss. It naturally took a toll owing to the wider selling sentiment, eventually losing 12.56 percent of its value after hitting the February closing bell. IPX edges into positive territory even though its top peers decline | Source: CoinMarketCap.com Nevertheless, IPX rebounded as it headed into March, surging…

ING Backed Hqlax to Target Institutional Investors, Says Platform’s COO

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Following an undisclosed investment into Hqlax from Dutch multinational bank ING on March 6, Cointelegraph spoke to Nick Short, the COO of tokenized securities firm. Short describes ING as one of the company’s “longest-standing strategic partners,” emphasizing that the two firms have collaborated in developing and testing Hqlax’s tokenized securities platform for over two years. The two companies first partnered in 2017, with Hqlax launching an initiative to “develop DLT-driven solutions for more efficient and cost-effective liquidity management and collateral management in the global securities financing markets” alongside enterprise blockchain…

French Court Moves the BTC Chess Piece — How Will Regulators Respond?

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The Commercial Court of Nanterre’s Feb. 26 ruling that Bitcoin (BTC) is a fungible, intangible asset sent some ripples through the French crypto community, and beyond. This may seem surprising, given that this was a lower court decision and, moreover, one that did not declare BTC a currency or fiat money — as some news stories reported — but just a fungible asset like money.  The ruling is “an important milestone for further development of the crypto market, particularly in France,” Roman Matkovskyy — associate professor at the Rennes School…

‘Extreme Fear’ Grips Markets Despite Oversold Bitcoin Price Metrics

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Compared to the trading action of earlier this week, Bitcoin’s (BTC) price was relatively muted on Saturday as the digital asset traded between $5,045 and $5,641. Although the digital asset dropped more than 50.8% on March 12, it has since regained 37.5% to trade at $5,200.  Crypto market daily price chart. Source: Coin360 Many in the crypto space are still attempting to piece together a narrative that explains the carnage of the past week and for the time being, the weekend closure of major equities markets appears to be mitigating…