As Bitcoin forges ahead in its pursuit of the significant $30,000 level, the cryptocurrency is experiencing a resurgence of bullish momentum after a temporary dip related to regulatory issues, with investors eying a fed pivot sometime this year. How might this affect the best cryptos to buy now? Bitcoin saw its value rise for the…
Read more
XRP, the cryptocurrency that powers the payments-focused decentralized XRP Ledger, a layer-1 blockchain, is the best-performing cryptocurrency in the top 20 by market capitalization on Wednesday. According to CoinGecko, XRP is up over 8.5% in the last 24 hours. XRP/USD is currently changing hands in the $0.53s per token, having pared back from ten-month highs…
Read more
A U.S. regulator called Bitcoin, Ether, and Litecoin commodities in its court filing against Binance. It did not mention XRP anywhere. XRP (XRP) outperformed its top-ranking crypto rivals over the past 24 hours while reaching the highest price in 10 months. XRP price tags 10-month high On March 29, XRP’s price surged by nearly 15%…
Read more
Binance CEO Changpeng Zhao (CZ) has addressed the allegations against him by the U.S. Commodity Futures Trading Commission (CFTC). “We do not agree with the characterization of many of the issues alleged in the complaint,” the executive stressed. CZ Responds to CFTC’s Allegations The CEO of cryptocurrency exchange Binance, Changpeng Zhao (CZ), published a blog…
Read more
Bitcoin trading volumes have collapsed in the past few days. According to data sourced from CoinGecko, daily Bitcoin trading volumes across major exchanges fell to as low as $14.5 billion on Monday, its lowest level since the 5th of March. That’s a huge drop after Bitcoin daily trading volumes surged as high as $70 billion…
Read more
On this week’s episode of The Market Report, Cointelegraph’s resident expert explains what is happening with Binance, Changpeng Zhao and the CFTC. This week on The Market Report, our beloved host, Joe Hall, and insightful expert Sam Bourgi, unfortunately, could not make it, but don’t worry because Marcel Pechman is here to breakdown everything that…
Read more
Bitcoin moved below $27,000 during Tuesday’s session, as the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance. The suit claims that Binance knowingly offered unregistered crypto products to U.S. customers. Ethereum was also lower on the news, briefly falling below $1,700. Bitcoin Bitcoin (BTC) fell below $27,000 in today’s session, as markets…
Read more
Binance’s Bitcoin balance was reduced by over 3,900 BTC in the past week, of which 3,400 BTC were pulled out in the last 24 hours alone. Soon after the United States Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance and its CEO Changpeng “CZ” Zhao for regulatory violations, the entrepreneur sought damage control measures while…
Read more
BTC price action repeatedly tests the mettle of $27,000 support, with Bitcoin analysis differing over what comes next. Bitcoin (BTC) attempted to rescue $27,000 support on March 28 as the dust settled on United States regulatory action against the Binance cryptocurrency exchange. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance CEO dismisses “disappointing” complaint Data…
Read more
In the twelve hours preceding the indictment, almost $1.5 billion of crypto left several centralized platforms, according to Thanefield Capital. Just before crypto exchange Binance and its CEO Changpeng Zhao were accused of regulatory violations by the United States Commodity Futures Trading Commission (CFTC), almost a billion dollars in crypto reportedly left the platform’s wallets. …
Read more
