Bitcoin hovers around $8,300, as the cryptocurrency markets continue to trade sideways after BTC’s fake breakout. Wednesday, Oct. 2 — After a fake breakout, where Bitcoin (BTC) jumped upwards from a seven-day low of $7,746 to $8,480 from Sept. 29–Oct. 1, BTC slowly retraced to its current price level. Cryptocurrency market daily overview. Source: Coin360 One…
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After a shallow pullback, will major cryptocurrencies extend their decline? Let’s study the charts. Manuel Andersch, senior FX analyst at the Bayerische Landesbank has published a report, which suggests that the “forthcoming halving effect has hardly been priced into the current Bitcoin (BTC) price.” Using a stock-to-flow ratio metric, the report projects a target price…
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Leading Japanese financial firms like Monex Group and SBI Securities are forming a regulatory body for security token offerings. Leading Japanese companies are forming a regulatory association for security token offerings (STO). On Sept. 30, the Nikkei Asian Review reported that firms such as SBI Securities, Nomura Securities, Monex Group and Daiwa Securities Group are…
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The credit rating arm of financial services firm Morningstar is developing a blockchain platform for debt securities. The credit rating arm of financial services giant Morningstar is developing a blockchain platform for the $117 trillion debt securities industry. Morningstar Credit Ratings is building an evaluation system for debt securities issued as tokens on a blockchain,…
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Crypto enthusiast and U.S. presidential wannabe John McAfee explains why Bitcoin should hit $1 million in 2020. Major Bitcoin (BTC) bull, programmer and 2020 United States presidential campaigner John McAfee remains adamant that the world’s largest cryptocurrency will hit $1 million in 2020. “I said $1 million and I’m sticking to one” McAfee, known for…
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While crypto was initially built off the principle of decentralization, nowadays that may not always be the case. Cryptocurrencies are based on decentralized technologies, but there is a big difference in terms of what they are, how they are used, and what it means for the projects — and now, governments — that are engaging…
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Stablecoins backed by precious metals — here’s how to choose which one to invest in and why they are stable. Cryptocurrencies are constantly subject to exchange rate fluctuations and are characterized by high price volatility. For making crypto money more useful and more stable, a special type was created: stablecoins. Related: Stablecoins, Explained Stablecoin is…
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Recent news about the two settlements reached with the U.S. Securities and Exchange Commission (SEC) might potentially set an important precedent in the Cryptoverse where many are debating which of the digital tokens traded on the U.S. exchanges are securities and might be endangered. So now many have also been wondering what these settlements mean…
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The Cryptoverse has certainly seen its fair share of trends over the years, both short and long-lasting. However, we wanted to find out from the industry’s experts what trends in digital assets they think are rocking the Cryptoworld this year. Cryptonews.com had a chance to talk with the representatives of a few major companies in…
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Too many crypto traders lose money the majority of the time. Keeping a trading journal can help investors make better trades and more profit. This is the second installment of my trade journal, which includes completed trades on large-cap altcoins XRP and Ether. I’ve found that crypto investors are always curious about each other’s…
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