Crypto market sentiment is soaring as its combined moving 7-day average sentscore for the top 10 coins is reaching new short-term highs near the positive zone – a move not seen since the beginning of summer. This week, it stands at 5.77/10, compared with the last week’s neutral score of 4.94, and the highest score…
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This past week, bitcoin price failed to surpass the main USD 9,500 resistance region. As a result, there was a downside correction below USD 9,300 and USD 9,200. The price is currently trading in a range above USD 9,200 and it might attempt another upside break above the USD 9,500 resistance. Similarly, most major altcoins…
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Bitcoin price failed to clear the USD 9,500 resistance level and recently started a downside correction. BTC traded below the USD 9,300 support level and it is currently (08:30 UTC) struggling to stay above USD 9,150. If it fails to stay above USD 9,050 and USD 9,000, there are chances of a strong decline. Similarly,…
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Bitcoin (BTC) balances held on exchanges continued down, reaching a 13-month low today. Meanwhile, a blockchain analyst suggested investors should use caution in how they interpret on-chain data. The new low in exchange balances was reported by blockchain analytics firm Glassnode, which said on Twitter today that the 13-month low of about 2.62 million BTC…
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A crypto mining farm. Miners’ machines seem to be on and hard at work as mining Bitcoin (BTC) is about to get more difficult – reaching a brand new all-time high, thus increasing operational costs to mine the coin. Two industry players weighed in on what might come next. Bitcoin mining difficulty, which is the…
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A looming crypto inheritance crisis could lead to millions of tokens becoming irreparably lost if the findings of a new report prove to be true. A whopping 89% of surveyed cryptocurrency investors said they, on some level, were concerned about losing their assets when they die, but less than a quarter said they had a…
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Yang Kyung-sook. Source: Twitter, @yangkyungsook An influential South Korean MP has put forward a private members’ bill that would see crypto taxed under the nation’s capital gains tax laws. Per Jose Ilbo, Yang Kyung-sook, an MP for the ruling Democratic Party and a member of the National Assembly’s Planning and Finance Committee, said she has…
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US-based major crypto exchange Coinbase could list its shares on a stock exchange this year or early next year, Reuters reported, citing "three people familiar with the matter." The company has already been in talks to hire investment banks and law firms, the report said, adding that Coinbase is exploring going public via a direct…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Tokenization news US-based firm Ceres is seeking permission from the US Securities and Exchange Commission (SEC) to sell a token that represents an equity holding in the company, as well as coins that…
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Russia’s first crypto law “will be adopted by January 1, 2021,” said the bill’s chief architect, adding that the legislation is “now approaching the finish line.” Per RBC, Anatoly Aksakov, the head of the State Duma’s financial committee and the man charged with mediating the “On Digital Assets” act, said a second reading was now…
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