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CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, CARDANO News
Bitcoin Consolidates Above $ 36K, Why BTC May Start New Growth
Bitcoin price started correcting downward from $ 38,000 resistance against the US dollar.
After trading above the $ 38,500 level, the bitcoin price began a downward correction.
The price even broke through the $ 37,000 level, but the bulls were active above the $ 36,000 level. The low has formed around $ 36,220 and is currently consolidating in a range. It rallied above the 23.6% Fibonacci retracement level, which recently declined from a high of $ 38,716 to a low of $ 36,220.
Ethereum holding gains exceeded $ 1600, why ETH could rise again
Ethereum began a downward correction from a new all-time high of $ 1,697 against the US dollar.
After establishing a new all-time high around $ 1697, Ethereum began a short-term downward correction. ETH was trading below the $ 1650 and $ 1620 support levels. There was also a jump below the $ 1,600 level, but the price recovered quickly.
Ether is currently trading well above $ 1,600 and the 100-hour simple moving average. A recent swing low was formed around $ 1,589 before the price rallied above $ 1,620.
Cardano hits 3-year high and surpasses the $ 0.5 price level
The sixth largest cryptocurrency by market cap, ADA, hit a three-year high of $ 0.50.
ADA is up more than 177% since the beginning of the year and more than 2000% since March last year. Cardano’s trading volumes are steadily increasing as new investors join them.
Australia has pleaded guilty to securities fraud of $ 90 million cryptocurrency fraud in the US.
An Australian man named Stefan He Qin has pleaded guilty to emptying $ 90 million in investor accounts.
On February 4, Qin, an Australian citizen, pleaded guilty to one count of securities fraud in a federal court in Manhattan.
According to the U.S. Attorney’s Office in the Southern District of New York, the cryptocurrency scam was committed between 2017 and 2020 when Qin ran a fund called Virgil Sigma.
Bitcoin social interest drops amid altcoin mania, but whale accumulation continues
Apart from altcoins, the DeFi market has also warmed up significantly.
According to Messari data, the DeFi market has grown 325% since the beginning of 2021. The total market capitalization of the DeFi cryptocurrency market is $ 34.68 billion. In addition, there is every reason to get money back in Bitcoin due to the improvement in its fundamentals and indicators in the chain.
Crypto Startup Metal Pay Files for the Charter of the National Bank
“First Blockchain Bank and Metal Pay Trust” will be FDIC insured, said CEO Marshall Heiner.
Startup has applied for a charter for First Blockchain Bank and Trust, N.A. with the Office of the Comptroller of the Currency on Feb. 3, CEO Marshall Heiner said. His trust company will be incorporated in Rapid City, S.D.
Heiner said Metal Pay will be filing with the FDIC and the San Francisco Federal Reserve Bank shortly.
BitMEX Holding Company Supports New Investment Fund Cadenza
100x Group, BitMEX holding company, invested in Cadenza Capital
The 100x Group, a holding company associated with the BitMEX derivatives exchange, has backed a new investment fund called Cadenza Capital Management.
Bityard Launches ‘Grayscale Zone’ To Enable Users To Trade Grayscale Trust Coins
The cryptocurrency market has remained optimistic over the past several months, attracting a lot of attention from global investors.
As an exchange offering professional cryptocurrency trading services, Bityard focuses on a rapidly changing market as well as the growing needs of global investors.
Institutional crypto fund Grayscale buys 47,000 ETH in one day
A crypto investment fund helps institutional clients work with some of the largest crypto traders.
Grayscale is currently one of the few regulated ways for accredited US investors to access cryptocurrencies. This became possible thanks to the product “Trust” – a financial instrument that contains a certain amount of spot cryptocurrency per share offered to customers. It can be signed or sold in the OTC market.
Despite SEC Lawsuit: Japanese Giant SBI Adds XRP To Its Cryptocurrency Lending Services
Japanese holding SBI adds XRP to its crypto lending services.
Japanese giant SBI Group has announced that it will include XRP on its list of lending services. The company, which started lending in November 2020, will provide services to clients through its subsidiary SBI VC Trade.
According to a recent announcement, holders of the fourth largest cryptocurrency can deposit XRP to earn interest. The amounts that customers can deposit range from 1,000 to 100,000 tokens, and the crediting period will be 84 calendar days.
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