|Day's range||6,552.54 - 6,680.67|
|52-week range||2,507.13 - 10,932.05|
|Volume (24 hrs)||3.56M|
|Volume (24 hrs) all currencies||1.77B|
Imagine a gold product - with characteristics of physical gold and gold exchange-traded funds (ETFs), as well as the 24/7 nature and security of the bitcoin network.The post CoinShares jointly rolls out a gold token ‘DGLD’, built on the bitcoin network appeared first on The Block.
Mnuchin says Treasury, and not just the senators who sent letters, also warned Libra Association members about their involvement.
A cryptocurrency exchange-traded fund (ETF) has yet to garner regulatory approval, but Grayscale Investments has gotten a green light from FINRA for a publicly-quoted security that derives its value from a basket of digital currencies. The post Grayscale gets FINRA approval for Digital Large Cap Fund appeared first on The Block.
Bitcoin is edging towards an exponential moving average death cross on the daily chart, which would almost certainly signal an extended correction to the downside. The 50 EMA is sloping dangerously towards the 200 EMA for the first time since it crossed to the upside on April 26. There have been two death crosses on the daily chart since 2014, the first of which resulted in a 70% decline in price over the following five months, while the second came during 2018's bear market, ending in a 64% move to the downside over the next eight months. For the death cross to come into fruition price would need to stay between $7,800 and $8,600 for the next week, although aThe post Daily death cross approaches as Bitcoin loses momentum above $8,000 appeared first on Coin Rivet.
Bitcoin (BTC) is trading slightly upwards of $8,300 after losing about 5% in value since last week, when BTC was trading above $8,700. BTC experienced a substantial dump earlier in the month, when the price crashed by 10%, from $8,500 to $7,700. Afterwards, it started a slow recovery, briefly touching. Following a number of lower highs, Bitcoin now seems to be in a short-term downtrend, with the price dropping below its 200-day EMA. Will price recover back to $10,000 and above? If so, when? Let's take a look at Bitcoin's chart. As you can see from the chart above, BTC is now back to trading below its 20-day EMA, 50-day EMA and 200-day EMA. Price was swinging between the 20-dayThe post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet.
Chinese payments platform Alipay will ban all transactions related to Bitcoin and other cryptocurrencies. The news was confirmed on Alipay's official Twitter page on Thursday, with a statement reading: "If any transactions are identified as being related to bitcoin or other virtual currencies, Alipay immediately stops the relevant payment services." The update came just hours after Binance CEO Chanpeng 'CZ' Zhao announced that its P2P platform will support WeChat and Alipay as fiat-on-ramps for Chinese customers. In direct response to CZ, Alipay wrote "NO, you cannot" in reference to its suggested use as a potential fiat gateway. If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services. -- AlipayThe post Alipay to ban all Bitcoin transactions appeared first on Coin Rivet.
It’s a relatively bullish start to the week for the majors. Following last week’s gains, Bitcoin would need to move through and hold onto $8,400 levels…
Three of the most important financial regulatory bodies in the US -- the SEC, FinCEN and the CFTC -- issued a rare 3-party joint statement on Friday regarding digital assets.The post SEC, FinCEN and CFTC issue rare 3-party joint statement on digital assets appeared first on The Block.
PayPal, eBay, Stripe, MasterCard and Visa have dropped from the Libra Association, in a blow to Facebook’s cryptocurrency plans.
Cryptocurrency wallet provider BRD (formerly Bread) has received a $750,000 investment from blockchain payments firm Ripple to boost the adoption of its XRP cryptocurrency.The post Ripple invests $750K in crypto wallet BRD to increase XRP usage appeared first on The Block.
The latest SFOX cryptocurrency volatility report has nudged the market sentiment dial back a notch. While August was ‘mildly bullish’, September was a let-down in many ways mainly due to the lack of involvement from institutional investors. The outlook for the rest of October is marked by uncertainty and instability. The prognostic is neither bullish nor bearish but set to ‘neutral’. So, let’s take a closer look at some of the events driving the crypto markets over the last few weeks. Bakkt’s lacklustre launch to institutional investors At the end of August and ahead of the upcoming launch of Bakkt, market sentiment was mildly bullish. There was a sense that the game-changing brainchild of the parent company of the NewThe post The many events driving uncertainty in the cryptocurrency markets appeared first on Coin Rivet.
Today the price of Bitcoin is US$8,413.86; Ethereum is US$188.03; XRP is US$0.272515; Tether is US$1.01 and Bitcoin Cash is US$228.15. These are the Top 5 cryptocurrencies by market capitalisation. About the Top 5 cryptocurrencies The top 5 cryptocurrencies are the biggest and most significant cryptocurrencies and constitute the top half of The Top 10 Cryptocurrencies by market capitalisation. Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a P2P network for electronic transactions without “relyingThe post The Top 5 cryptocurrencies - latest price appeared first on Coin Rivet.
The U.S. Attorney's Office for the Western District of Washington has formally charged Ho Jun Jia, a Singapore citizen, for allegedly stealing computing power and services to mine cryptocurrencies.The post DOJ charges cryptocurrency miner for stealing $5M worth of computing power appeared first on The Block.
As a journalist, skepticism can be your best friend. But in some cases, it can also be your worst enemy, shielding you from what might actually be interesting because you are too busy looking for "the catch." At The Block, we strive to be especially vigilant because of the history of hyperbole in this space. The post S&P 500 options on the blockchain? Not as silly as you think appeared first on The Block.
CFTC chairman Heath Tarbert believes ether (ETH) is a commodity and falls under the jurisdiction of the CFTC—and he expects to see ether futures contracts.
Despite being battered and bruised over the past month, Bitcoin has recovered from last week's $7,800 low with a 3.81% 24-hour rally to test $8,600. The rise in price coincides with mounting political tension between China and the United States, with global stock markets also taking a hit. Bitcoin, in the same way as gold, has often been touted as a hedge to the existing financial system in that it doesn't rely on policy changes, interest rates or inflation. Its nature as a decentralised asset has seen retail investors flock to Bitcoin in recent years, although this, coupled with a lack of liquidity, has increased levels of volatility. From a technical perspective, Bitcoin experienced a swift rejection from the 200The post Bitcoin shows signs of life with move towards $8,600 appeared first on Coin Rivet.
Derivatives exchange giant CME Group expects its upcoming bitcoin options to be popular with Asian cryptocurrency traders and miners.The exchange is hopeful that the options contracts will be as popular as bitcoin futures, which drive most demand (over 50% of trading volume) from Asian and European traders, Tim McCourt, global head of equity index and alternative investment products at CME, told the South China Morning Post (SCMP) in an interview published Thursday.The post CME expects big demand for its upcoming bitcoin options from Asian traders and miners appeared first on The Block.
B2C2, a cryptocurrency liquidity provider and an over-the-counter (OTC) trading firm based in London, has launched a new gold derivative product, which is priced and settled in bitcoin (BTC).The post In first, crypto market maker B2C2 launches a gold derivative, settled in bitcoin appeared first on The Block.
It’s a mixed start to the day, with Ethereum bucking the trend. Sentiment across the majors will need to shift, however, for another bullish day ahead.
It’s another bearish start to the day. Another rebound could be on the cards should the majors recover to key levels by late morning.