Day: November 25, 2022

XRP Climbs to 3-Week High, DOGE Nearly 10% Higher – Market Updates Bitcoin News

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Xrp rallied to a three-week high on Friday, breaking out of a long-term resistance level in the process. The token rose to its highest level since early November, as prices surged for a fifth straight session. Dogecoin also hit a multi-week high, rising by nearly 10% today. XRP, formerly known as ripple, rose for a fifth straight session on Friday, with the token rallying to a three-week high. Following a low of $0.3792 on Thursday, XRP/USD rose to an intraday high of $0.4169 earlier today. The move saw XRP climb…

Bitcoin Bulls Get Rejected As $16,700 Proves Too Strong; Here Is What To Expect

BTC’s price is rejected from breaking above $16,700 as this region is too strong for bulls.  BTC’s price remains bearish in the high timeframe as most traders and investors remain cautious.  BTC’s price bounces from a low of $15,500 on the daily timeframe as the price reclaims $16,500 as price struggles to break higher above the 50 Exponential Moving Average (EMA) The price action demonstrated by Bitcoin (BTC) in recent times has been better than the previous week as the market suffered from some price decline affecting most crypto assets.…

Bitcoin To Plunge Further? Long-Term Holders Ramp Up Selling

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On-chain data shows Bitcoin long-term holders have ramped up their selling recently, something that could lead to further plunge in the crypto’s price. Bitcoin Exchange Inflow CDD Has Spiked Up Over The Last Day As pointed out by an analyst in a CryptoQuant post, the current rise in the CDD is the largest since 6th October. A “Coin Day” is the quantity that 1 BTC accumulates after staying still for 1 day in a single address. If a coin that has amassed some number of Coin Days finally moves to…

Disaster looms for Digital Currency Group thanks to regulators and whales

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The cryptocurrency tide is flowing out, and it looks more and more like Digital Currency Group (DCG) has been skinny dipping. But let’s be clear: The current crypto contagion isn’t a failure of crypto as a technology or long-term investment. DCG’s problem is one of failure by regulators and gatekeepers. Since its 2013 inception, DCG’s Grayscale Bitcoin Trust (GBTC), the largest Bitcoin (BTC) trust in the world, has offered investors the ability to earn a high rate of interest — above 8% — simply by purchasing cryptocurrency and lending it…

Polynix Crypto Exchange to Suspend Support for Select Stablecoins on BSC network

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Poloniex has announced that it will suspend deposits and withdrawal functions for stablecoins on the BEP20 (BSC) network effective from November 24. The affected stablecoins include USDT, TUSD, USDC, and BUSD. The crypto exchange did not offer any information why it has abruptly suspended services these stablecoins. However, the deposit and withdrawal functions for other BSC-based tokens will continue. The announcement also asked users to use the ERC20 and TRC20 networks for stablecoin deposits and withdrawals. However, the exchange noted it reserves the “sole right and discretion to amend or…

Ethereum Software Company Consensys Collects User Data, Privacy Policy Discloses – Privacy Bitcoin News

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Crypto users have been complaining about a recent Consensys privacy policy update that says when Infura is leveraged as a remote procedure call (RPC) via Metamask, wallet and IP address data is collected. The news follows a similar decision the decentralized exchange (dex) platform Uniswap recently made concerning data collection. The dex platform’s operator, Uniswap Labs, revealed that the company’s software collects its users’ onchain data to bolster “data-driven decisions that improve user experience.” Consensys Privacy Policy Reveals User Data Collection The digital currency community and the social media demographic…