Day: August 15, 2022

Bitcoin Still Very Bearish, Says Peter Schiff

boss

Bitcoin may be aiming for another retest of a crucial price level that prevents the digital gold from entering another bear cycle, which appears to be the next logical objective given that the first cryptocurrency was unable to break through $25,000, according to the cryptocurrency’s daily chart. Bitcoin May Fall If It Goes Below This Level After falling below $20,000 in June, Bitcoin has been trading in a rising wedge for more than a month. Since then, the value of the king cryptocurrency has increased by over 25%, with occasional…

Best Platform to buy cryptocurrency 💯

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coaching – Join the “Train with Sethu” Online Training program! TO BECOME THE NEW YOU💪 Online Training Website: Email : Sethu.positivefitness@gmail.com What’s App: +91 91766 62257 *For Brand Collaboration Kindly mail to the above email id* Connect with me: Instagram – Snap- Sethu.Live Become a Member : GYM Location – Thank You 🙂 ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Canadian regulatory council creates new preregistration filing for crypto platforms

boss

The Canadian Securities Administrators (CSA), the council of provincial and territorial securities regulators, announced Monday that crypto trading platforms will be expected to provide a preregistration undertaking to their principal regulators as they take steps to comply fully with securities regulation. Two platforms, Crypto.com and the Canadian platform Coinsquare Capital Markets, have already filed those undertakings.  Trading platforms will be expected to agree in the undertaking to comply with terms and conditions relating to investor protection. Filing the undertaking will allow crypto trading platforms to continue operating during the review of…

Brazil’s Largest Brokerage, XP, Launches Bitcoin, Ether Trading

XP’s crypto platform, named XTAGE, is built on the trading technology of major American stock exchange Nasdaq and will have an integration with MetaTrade 5, a forex and stock trading tool, the company said. XP added that it also tapped crypto custody firm BitGo to store XTAGE’s assets, most of which will be held in cold wallets not connected to the internet. Source

Bitcoin Funding Rates Remain Positive As Bullish Sentiment Continues

boss

On-chain data shows the Bitcoin funding rates have remained at positive values recently as the crypto’s price has continued its recovery. Bitcoin Funding Rates Have Been Mostly Positive During The Past Month As pointed out by an analyst in a CryptoQuant post, the BTC funding rates have been green recently, but not as positive as back between July 18th to 22nd yet. The “funding rate” is an indicator that measures the periodic fee that perpetual futures contract traders are paying each other. When the value of this metric is greater…

US Fed Opens Pathway for Crypto Banks to Tap Central Banking System

Monday’s announcement would seemingly move the U.S. central bank one step closer to possibly allowing Wyoming trust companies, like Custodia and Kraken Bank, access to these accounts. The Fed first proposed guidance last year, opening up a request-for-comment process. Nearly 300 respondents filed comments, leading to a second public feedback process earlier this year. Source BankingBanksCentralCryptoFedOpenspathwaySystemTap CryptoX Portal

Binance Receives Approval In-Principle to Operate in Kazakhstan

boss

The biggest cryptocurrency exchange has received a regulatory license to operate as a digital asset service provider in France, Bahrain, Spain, and Dubai since 2022. The Astana Financial Services Authority, or AFSA, an independent financial services regulator in Kazakhstan, has allowed the country’s largest cryptocurrency exchange, Binance, to operate. AFSA announced Monday that it had granted Binance in-principle authorization to operate as a digital asset trading facility and provide custody services in the Astana International Financial Centre, a financial hub in Nur-capital Sultan’s city. Binance stated in a Monday blog…

Blockstream CEO details partnership with Tesla for solar-powered bitcoin mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Blockstream #blockchain #crypto Blockstream CEO Adam Back joins Yahoo Finance Live to discuss mining bitcoin using renewable energy sources, the company’s new partnership with Tesla, and the outlook for the crypto market. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance…

S&P Global Knocks Down Coinbase Credit Rating After Exchange Posts $1.1 Billion Net Loss in Q2: Report

boss

Ratings agency S&P Global has reportedly knocked down the credit rating of Coinbase (COIN) after the crypto exchange revealed its financials for the second quarter of this year. According to Seeking Alpha, the S&P downgraded Coinbase’s credit rating largely due to its weak performance from April to June 2022. In a letter to shareholders last week, Coinbase revealed that it suffered a net loss of $1.1 billion during the period, which includes non-cash impairment charges that the company suffered when the value of its crypto and venture investments dropped. As…