Day: September 28, 2021

BTC price loses $42K after fresh rejection puts focus on ‘worst case’ Bitcoin monthly close

Bitcoin (BTC) fell below $42,000 on Sept. 28 as the largest cryptocurrency worsened overnight losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC bulls run out of steam at $44,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching local lows of $41,670 on Bitstamp. The fall followed a $1,000 hourly loss late Monday, which firmly halted any bullish hopes from the weekend’s high of $44,400. The turnaround was broadly expected. As Cointelegraph reported, analysts were already eyeing levels even below $40,000 as potential floors. On Monday, one trader…

Bitcoin leads $100 billion crypto sell-off as Biden becomes president: CNBC After Hours

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC’s Kate Rooney breaks down what to expect from the Biden administration in terms of cryptocurrency regulation. Plus, CNBC’s Deirdre Bosa explains why Chinese billionaire Jack Ma’s reappearance this week captured the attention of the global business community. 00:00 — CNBC After Hours: Jan. 21, 2021 0:45 — Nasdaq, S&P 500 close at record highs 1:43 — What is the Biden bitcoin doctrine? 3:36 — CNBC Soundcheck 5:27…

BTC emotional roller coaster. Bitcoin Technical Analysis live price now.

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BTC ADA ETH Bitcoin + Ethereum Technical Analysis live price now today 25.3.21 $BTC advances its move upwards, while $ETH continues to struggle with the BTC strength. $ADA update. Learn to trade and follow my updates today: – The best and FREE trading deals for you: Live updates: Discord trading community: Enjoy! – Want To Win More Trades, Make More Money? – Want To CRUSH THE CHARTS Like A Champion? – Want to join our THRIVING community of over 12,000 Champions and…

Northern Data to obtain 33K ASIC miners through Bitfield acquisition

Blockchain and high performance computing firm Northern Data has announced it will acquire Bitcoin miner Bitfield. According to a Sept. 27 press release, all major shareholders signed a binding purchase agreement for the entire Bitfield enterprise to be sold at a value of roughly $460 million. Northern Data will acquire an equity interest of between 86% and 100% in Bitfield as per the agreement. Northern Data claims it has become “a leading global Bitcoin mining company” through the acquisition, with the firm gaining immediate access to 6,600 operational ASIC miners.…

ADA, Alonzo, And 200 Smart Frozen Contracts

Amongst the madness in broader crypto, along with Cardano’s substantial volatility, the Alonzo hard fork update for ADA has sought to provide a solution to maintaining its powerhouse status, and continue to dominate the year. This solution, though, has some twists and turns that leave the bulls hopeful and patient. ADA And The Push To The Top Cardano has had an amazing run this year with the new wave of crypto bulls ready to see what ADA will become. Dubbed the “Ethereum killer,” Cardano and it’s founder Charles Hoskinson seem…

DeFi farmers boast about gaming dYdX airdrop as prices surge

As dYdX’s governance token gains amid speculation that Chinese traders could be migrating to the derivatives DEX, savvy DeFi farmers are claiming to be sitting on six-figure stashes after gaming the protocol’s recent airdrop. DYDX has gained 85% in two days as reports claim that China’s crypto traders are converging on the decentralized margin trading protocol as Beijing moves to further crack down on digital assets. DYDX/USD: CoinGecko The exchange’s governance token was airdropped to users on Sept. 8. As the number of tokens received by users was determined by…

‘If You Borrow Money to Buy Bitcoin, You’re a Fool’ – Bitcoin News

Jamie Dimon, the CEO of one of the biggest financial institutions of the world, JPMorgan, has once again let the world know about his stance on bitcoin and cryptocurrencies. Dimon stated that whoever borrowed money to purchase bitcoin was, in his opinion, a “fool.” However, his personal opinion has not clashed with the fact that JPMorgan is now offering access to six cryptocurrency funds for its customers and even created its own digital ledger token for payments, called JPM Coin. Jamie Dimon Blasts Cryptocurrencies JPMorgan’s CEO Jamie Dimon blasted crypto…

More Crypto Platforms Exit China Following Ban on Related Transactions: Reports — CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English ​ Source

Why Grantham Says the Next Crash Will Rival 1929, 2000

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Jan.22 — Jeremy Grantham, co-founder and chief investment strategist of Boston’s GMO, believes U.S. stocks have become an epic bubble and will burst in a collapse rivaling the crashes of 1929 and 2000. In this interview, he explains why, discusses the futility of Federal Reserve policy, criticizes the state of American capitalism, and shares his thoughts on gold, Bitcoin, emerging markets and climate change. He spoke exclusively to Erik Schatzker on Bloomberg’s “Front Row.” ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io…

SEC takes action against two meme stock wash traders

The U.S. Securities and Exchange Commission has filed a complaint against two Robinhood users over an alleged wash-trading-based arbitrage scheme that utilized meme stocks. According to a Sept. 27 complaint, defendants Suyun Gu and Yong Lee took advantage of differing trading fee schedules offered by different retail brokers and exchanges to extract arbitrage while wash-trading. By trading between venues that offer rebates to market makers and those that do not charge fees to market takers, the SEC estimates they generated more than $1.5 million worth of rebates in total through…