Category Archives: Banking

Bitcoin Noticeably Absent From Senate Hearing on Facebook’s Libra

For a panel about a proposed cryptocurrency, Tuesday’s Senate Banking Committee hearing was notably light on crypto talk. Bitcoin was barely mentioned during the two-hour session and most of the lawmakers seemed far less concerned with the technology than with who was planning to leverage it: Facebook. Sen. Brian Schatz (D-Hawaii) put it perhaps the … Continue reading Bitcoin Noticeably Absent From Senate Hearing on Facebook’s Libra

Tether Accidentally Minted $5 Billion of Its Stablecoins, Then Deleted Them

Stablecoin issuer Tether accidentally created $5 billion-worth of its USDT stablecoin at the weekend, before promptly destroying them again. The mess-up occurred when the company was helping cryptocurrency exchange Poloniex conduct a chain swap, moving tethers from the Omni to the Tron blockchains, according to Tether CTO Paolo Ardoino. Ardoino explained in a tweet on Saturday: … Continue reading Tether Accidentally Minted $5 Billion of Its Stablecoins, Then Deleted Them

Why Bitcoin Investors Are Taking the U.S. Treasury’s Crypto Quip in Stride

Just five years ago, Bitcoin (BTC) being mentioned by some of the biggest names in finance and politics was a quixotic dream. Now, this dream is coming to a reality. Ever since the cryptocurrency market rebounded in late-2018, investors, politicians, and technologists have begun to realize that Bitcoin is not going to die. And thus, they’ve sprung out of … Continue reading Why Bitcoin Investors Are Taking the U.S. Treasury’s Crypto Quip in Stride

Bitcoin’s Price Could Rise If Facebook’s Crypto Survives Congress Hearings

Bitcoin has come under pressure ahead of the U.S. governmental hearings on Facebook’s Libra cryptocurrency on July 16 and 17. The price of a single bitcoin, which stood near $13,000 five days ago, fell below $10,000 earlier today and tested the 50-day moving average at $9,900 for the first time since February 18. Facebook’s head … Continue reading Bitcoin’s Price Could Rise If Facebook’s Crypto Survives Congress Hearings

Bitcoin Price Drops 5% But Rebound Likely, Charts Suggest

BTC has fallen more than $1,000 in the last 24 hours, establishing a bearish lower high at $12,061. A high-volume break above $12,061 is thus needed to revive the bullish view put forward by a bearish channel breakout seen in the 4-hour chart earlier this week. That would open the doors to $13,880. A move … Continue reading Bitcoin Price Drops 5% But Rebound Likely, Charts Suggest

Bitcoin (BTC) Price Correction Presents Another Buying Opportunity

After a strong rejection near $12,000, bitcoin price started a fresh decline against the US Dollar. A swing high was formed near $12,053 and recently declined below $11,800 and $11,400. There was a break below a major bullish trend line with support near $11,840 on the hourly chart of the BTC/USD pair (data feed from … Continue reading Bitcoin (BTC) Price Correction Presents Another Buying Opportunity

Six Years After First Bitcoin ETF Filing, How Close are We For One?

It seems inevitable that two of the financial world’s hottest trends would cross roads with each other. For bitcoin enthusiasts and investors looking to benefit from the growing popularity of exchange-traded funds (ETF), the possibility of a derivative that tracks the value of cryptocurrencies is the best chance for connecting the two worlds. But the … Continue reading Six Years After First Bitcoin ETF Filing, How Close are We For One?

Invstr CEO: Facebook Will Have Anticipated Regulatory Scrutiny Over Crypto Effort

The CEO of a social investment firm believes that Facebook will have anticipated regulatory scrutiny. Kerim Derhalli of Invstr says recent issues for the social media giant will have prepared it well to deal with lawmakers with regards the crypto asset project. He also says that he thinks the project ambitious. This may force Facebook … Continue reading Invstr CEO: Facebook Will Have Anticipated Regulatory Scrutiny Over Crypto Effort

Analyst: Tether Print Hints Strong Bitcoin (BTC) Recovery Back After $4,000 Fall

That’s right ladies and gentlemen, Bitcoin (BTC) has fallen to $9,800. This marks a 30% decline from the asset’s year-to-date high of $13,800 — a key technical resistance and support on Bitcoin’s long-term chart. As analyst Teddy Cleps points out, this foray under $10,000, the first of its kind in about ten days, puts BTC under an … Continue reading Analyst: Tether Print Hints Strong Bitcoin (BTC) Recovery Back After $4,000 Fall

Cardano Founder Responds To Critics, ADA On The Chopping Board

Cardano (ADA) crumbling, down 18.7 percent Facebook gives nothing in return says, Charles Hoskinson Charles Hoskinson, the co-founder of Cardano, is often brazen. After forcing changes in the Cardano Foundation, he now says Facebook enslaves and gives nothing in return. Presently, ADA is down 18.7 percent week-to-date. Cardano Price Analysis Fundamentals Online commentators believe that Facebook is … Continue reading Cardano Founder Responds To Critics, ADA On The Chopping Board