Day: January 13, 2021

Here’s the Next Level to Watch

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Ethereum has faced a strong correction after peaking near $1,350 last week. The cryptocurrency currently trades for $1,050, though fell as low as $950 on Monday due to an influx of selling pressure. During the drop, the funding rates of the ETH futures markets were extremely overleveraged. In some cases, there were long positions holders paying in excess of 0.15% every eight hours to keep their positions open. This extremely high funding rate in the Ethereum futures market indicated that buyers were overleveraged. The cryptocurrency has since bounced, returning to…

Owner of Crypto Exchange RG Coins Gets 10 Years in Prison for Laundering $5M

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The owner and manager of cryptocurrency exchange RG Coins has been handed a lengthy prison term for his involvement in a multi-million dollar scheme to defraud U.S. citizens. According to a Tuesday press release from the Department of Justice, U.S. District Court Judge Robert Weir sentenced Rossen Iossifov to a 10-year sentence – 85% of which must be served behind bars under U.S. federal law. The 53-year-old former Bulgarian national was sentenced for conspiracy to commit an offense under the Racketeer Influenced and Corrupt Organizations Act (RICO) and conspiracy to…

GateHub to continue supporting XRP despite Ripple’s legal issues

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As Ripple faces serious legal charges over its associated token XRP, many crypto platforms have decided to drop support for the coin until things are settled.   However, GateHub, a United Kingdom-based cryptocurrency gateway service, has decided to continue listing XRP. According to a Jan. 12 announcement, GateHub will not delist XRP unless a decision from the United States Securities and Exchange Commission makes it necessary: “Please be advised that GateHub Ltd. will continue listing XRP until the SEC’s complaint against Ripple is adjudicated and a final decision entered that XRP…

How I Would Invest $1000 in Cryptocurrency in 2021 [Top Altcoins] | Alex Saunders of Nuggets News

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What is the best cryptocurrency investment in January 2021? What are the top altcoin buys? Alex Saunders of @Nugget’s News joins us to discuss cryptocurrency investing into 2021! *Not Financial Advice Watch the full interview: Subscribe to Alex here: Should I buy bitcoin or ethereum? Is ethereum a good investment? Is chainlink a good investment? Altcoin Daily, the best cryptocurrency news media online! 🔴 Where to buy altcoins? Use this Binance Referral ID code “MMT30EAI” while creating a new account. You will…

Huobi Global now supports ruble deposits and withdrawals

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Major global cryptocurrency exchange Huobi is introducing Russia’s national fiat currency on its trading platform. According to a Jan. 12 announcement, Huobi Global now supports deposits and withdrawals in the Russian ruble. The new feature enables users to purchase and sell major cryptocurrencies like Bitcoin (BTC), Ether (ETH), Tether (USDT), and Litecoin (LTC) for rubles. Other supported coins include EOS, Bitcoin Cash (BCH), Ethereum Classic (ETC), Bitcoin SV (BSV), DASH, as well as two Huobi-backed tokens like Huobi Token (HT) and Huobi Pool Token (HPT). To add ruble support, Huobi…

Goldman Sachs Exec Says More Institutional Investment Would Calm Bitcoin Volatility

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An executive at multinational investment bank Goldman Sachs believes an increase in the participation from institutional investors is the “key” to stabilizing nascent markets such as cryptocurrencies. Speaking on CNBC’s The Coin Rush on Tuesday, Goldman Sachs’ global head of commodities research, Jeff Currie, said the cryptocurrency market “is becoming more mature” but still has a way to go. “Right now they’re [institutional investors] small … about $700 billion dollars of money in bitcoin right now, of that roughly one percent of it is institutional money,” said Currie. Currie, who…

‘Thankfully’ my son owns Bitcoin, says $140B asset management CEO

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Bitcoin (BTC) at $34,000 may have gained a new convert after billionaire investor Howard Marks admitted that he needed to change his “skeptical view.” In his latest investor memo dated Jan. 11, Marks, who is co-chairman and co-founder of the $140 billion Oaktree Capital Group, noted that while he was critical of Bitcoin during its 2017 bull run, his son had “thankfully” bought in.  Marks on crypto: Do you own research “Back in 2017, my memo ‘There They Go Again… Again’ included a section on cryptocurrencies in which I stated…

BITCOIN AT A CRUCIAL AREA!!! Bitcoin Analysis December 2020

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Bitcoin is ‘non-sensical’ asset that still makes sense, says UK investment manager

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The chairman of a British investment firm says Bitcoin (BTC) is a seemingly “non-sensical” asset — but one that still makes sense after the coin’s winter price movement proved profitable. His firm, Ruffer Investment company, converted a portion of its gold holdings into Bitcoin in November. Ruffer Investment Company Limited reallocated 2.5% of its Multi-Strategies Fund from gold to Bitcoin in November as a hedge against the “continued devaluation” of fiat. Since then, the value of gold appreciated by 4%, while the value of Bitcoin grew by 92% — a figure which…

Why Synthetix’s SNX Could Rally To $20 While Bitcoin Corrects

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Synthetix (SNX) remained in a bullish zone above $15.00, despite pullbacks in bitcoin and ethereum against the US Dollar. SNX price is likely to rally towards $20.00 if it clears the $16.00 hurdle. There was a steady increase in synthetix’s SNX price above $12.00 against the US dollar. The traded to a new yearly high at $16.01 and settled well above the 100 simple moving average (4-hours). There is a major rising channel forming with resistance near $16.00 on the 4-hours chart of the SNX/USD pair (data source from Coinbase).…