Bitcoin (BTC) is roughly flat over the past week. Trading conditions are choppy and indicators suggest a neutral to bearish outlook. Source
Bitcoin Drifts Lower; Support at $25K-$27K
Day: May 20, 2022
Long Liquidations Continue To Rock Market As Bitcoin Struggles To Settle Above $30,000
The effects of the long liquidations that rocked bitcoin after the digital asset had fallen to $25,000 continue to be felt even now. Bitcoin which has since managed to recover above $30,000 once more remains a prime liquidation target in the market. Even now, a week after the crash that had seen it record its largest liquidation event in six, long traders are still being rekt in the markets. Bitcoin Liquidations Touch $61 Million Bitcoin long liquidations may have slowed down but they are far from over. In the last…
Crypto Exchange FTX Launches Zero-Fee Stock Trading Platform for US Customers
Crypto exchange FTX is jumping into equities trading, launching the beta phase for FTX Stocks. The Bahamas-based exchange has launched FTX Stocks, offering trading and investing in hundreds of US exchange-listed securities, including common stocks and exchange-traded funds (ETFs). The platform is integrated into FTX’s existing trading app and is available for select US customers who were selected from a waitlist. FTX CEO Sam Bankman-Fried says the exchange’s new equities trading platform won’t charge any fees. “We’re opening stock trading with no Payment for Orderflow and no fees. So what…
Crypto-Equity Investing 101: Episode 1
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blockware Solutions (Buy and Host Bitcoin Mining Rigs): Blockware Solutions Equity Analyst Blake Davis ( walks us through Technical Analysis, Market Psychology, and Price Action in the first episode of Crypto-Equity Investing 101 Subscribe to our newsletter sent to 70,000 investors: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion – Blockchain Bitcoin News
Statistics recorded this week show that the aggregate number of non-fungible token (NFT) sales, settled across more than a dozen different blockchains, has officially surpassed $36 billion. While there are 18 competing blockchains offering NFTs, Ethereum-based NFT sales dominate by more than 75%. While Ronin commands the second-largest amount of NFT sales, NFTs from the game Axie Infinity have been the top-selling collection for quite some time, with more than $4 billion in global sales to date. $36 Billion in All-Time NFT Sales, Ethereum Dominates Sales by More Than 75%…
Panama’s president says he won’t sign crypto bill into law ‘at this moment’
Laurentino Cortizo, the president of Panama, has said he won’t sign off on a crypto bill recently approved by the country’s National Assembly without additional Anti-Money Laundering rules. Speaking at the Bloomberg New Economy Gateway Latin America conference on Wednesday, Cortizo said the bill recently passed by Panama’s legislature must go through legal checks before reaching his desk, but added he needed more information before potentially signing it into law. Describing the legislation as an “innovative law” and a “good law,” the president said he approved of certain aspects of…
Coinbase Co-Founder Fred Ehrsam Buys the Dip, Purchases $75M of Company Stock
Last week’s purchases came with Coinbase shares tumbling more than 70% in 2022, and off more than 80% from the all-time high hit shortly after the company’s IPO 13 months ago. Ehrsam and related entities previously had been consistent sellers of Coinbase stock since that April 2021 IPO, unloading several hundred million dollars worth. Source
Dai Creator Rune Christensen on Terra's Collapse
The MakerDAO founder wasn’t in the mood to say “I told you so,” following Terra’s stablecoin collapse, on CoinDesk TV’s “First Mover.” Source
Cosmos Climbs 15%, as AAVE Nears a 10-Day High – Market Updates Bitcoin News
ATOM was trading over 15% higher on Friday, as prices rose for a second consecutive session. Today’s rise took ATOM to its highest point since the start of the week, and comes as AAVE neared a 10-day high. Cosmos (ATOM) ATOM was one of the biggest movers in Friday’s session, as price climbed to its highest point since the beginning of the week. Following a low of $10.55 on Thursday, ATOM/USD surged by over 15% on Friday, hitting a peak of $12.12 in the process. The move comes as ATOM…
There Was No Terra ‘Attack’
There’s a natural impulse to want to protect people who might not understand those risks. At the same time, a major promise of crypto was opening up capital markets to people who wouldn’t qualify to contribute to a traditional VC fund. That openness has helped make a lot of early crypto investors wealthy, and they have, in turn, funded startups and projects that expanded the ecosystem further. That wouldn’t be possible with the same kind of controls in place in equity markets. I don’t know if there’s any way to…