Bitcoin (BTC) whales may be planning to sell at short notice as BTC price action struggles around $47,000. In its daily QuickTake market updates on Dec. 5, on-chain analytics firm CryptoQuant warned that large volume movements on exchanges were increasing again. Data points to whales increasingly eager to sell Highlighting its exchange whale ratio metric,…
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Kotak, India’s leading private bank, has reportedly become the first to open its gates to the crypto community, per a report published in the Economic Times. The banking giant announced it has partnered with the leading crypto exchange WazirX, which would allow traders to use the banking services to liquidate their funds. The partnership between the…
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Alameda Research, a cryptocurrency trading firm founded by crypto billionaire Sam Bankman-Fried, has led a $35 million investment in the automated crypto trading app Stacked. On Thurs, the startup officially announced the successful completion of a Series A funding round co-led by Alameda and Mirana Ventures, a venture partner of Bybit exchange and BitDAO. The…
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Bitcoin (BTC) starts a new week with traders still digesting the impact of the last — a major price drop that at one point saw $41,900. A modest recovery is now competing with some formidable resistance, the first of which is $50,000. As a sense of déjà vu pervades markets, analysts are coming to terms…
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Singapore-headquartered digital asset platform Bitget has reportedly been suspended by the Monetary Authority of Singapore after getting into a dispute with an agency representing the popular K-pop boy band BTS. As reported by the Financial Times on Sunday, Bitget lost the Singapore license following the controversial listing of a new K-pop-related cryptocurrency called Army Coin…
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Binance CEO Changpeng Zhao said the exchange is planning to expand to the United Kingdom in the next six to 18 months despite being instructed by the country’s regulator to cease trading earlier this year. The U.K.’s Financial Conduct Authority (FCA) revoked Binance’s ability to trade in Britain in June amid a sweeping regulatory crackdown…
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Bitcoin (BTC) and most altcoins sold off on Dec. 4 with massive deleveraging seen in the crypto derivatives markets. Data suggests more than $2.5 billion of crypto liquidations over a 24-hour period. During the recent fall, Ether (ETH) has continued to outperform Bitcoin. While Bitcoin’s market dominance has dropped below 41%, Ether has continued to…
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Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the…
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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Mati Greenspan, a crypto analyst and the founder and CEO of Quantum Economics, an investment analysis and…
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Bitcoin (BTC) rebounded to near $50,000 on Dec. 5 as traders continued to take stock of recent events. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView followed a less volatile BTC/USD as it rose to $49,777 on Bitstamp before consolidating. Fresh off a crash to $41,900 early Saturday, the pair…
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