Coinbase, America’s biggest cryptocurrency exchange, is reportedly close to buying Deribit, a major derivatives platform. A Big Deal Brewing Bloomberg reports that advanced talks are underway. Deribit is a big player, handling the most Bitcoin and Ethereum options trades of any centralized platform. Both companies have reportedly let Dubai regulators know, as Deribit is licensed…
A Chinese finance expert is suggesting that China should expand its digital yuan to compete with the growing influence of US dollar-backed stablecoins. This comes after President Trump voiced support for dollar-pegged stablecoins, aiming to solidify the US dollar’s global standing. The Threat of US Dollar Stablecoins Zhang Ming, deputy director of China’s National Laboratory…
A bank teller in Boston is facing serious prison time after pleading guilty to stealing a hefty sum from customer accounts. A Scheme Uncovered Derek Aut, a teller at a major US bank, is accused of cleverly swindling $180,000 from two unsuspecting customers. The Department of Justice (DOJ) alleges Aut forged withdrawal slips and used…
Bitcoin’s been having a rough time lately. The market’s nervous, with everyone worried about a potential bear market. Rising global uncertainty and trade wars aren’t helping either. Investors are pulling back, and both crypto and stocks are feeling the pressure. A Sleeping Giant Awakens Adding to the jitters, a huge Bitcoin whale—someone who’s been holding…
Crypto markets have been a bit shaky lately, with prices bouncing around and some big drops. But there’s a hidden story unfolding: a massive pile of cash is accumulating in stablecoins. Stablecoins: A Safe Haven? Traders are being cautious, understandably so given the market uncertainty. They’re not necessarily abandoning crypto altogether; instead, they’re moving their…
Bitcoin’s been stuck in a rut lately, trading sideways after a big drop. It’s lost over 29% since its peak in January and is now trying to find its footing. The Cup and Handle Conundrum A crypto analyst, Ali Martinez, pointed out that Bitcoin might have formed a “cup and handle” pattern, peaking around $109,000….
Bitcoin’s price is hanging around $84,000, and experts are weighing in on what this means for the future. Key Support and Resistance Levels Crypto analyst Ali Martinez used something called UTXO Realized Price Distribution (URPD) to pinpoint important price levels for Bitcoin. Think of URPD as a way to see where a lot of Bitcoin…
Investor Tom Lee, head of research at Fundstrat, believes that a resolution to the Trump-era tariff disputes could trigger a surprisingly strong market rebound. He argues that the negative impact of tariffs might already be priced into the market. Tariffs: Already Priced In? In a recent CNBC interview, Lee suggested that the market’s worst fears…
Data analytics firm IntoTheBlock suggests a massive surge in stablecoin market capitalization could be a precursor to a significant cryptocurrency market rebound. Stablecoins Hit Record High The total market cap of stablecoins recently topped $220 billion, a new all-time high. While this reflects traders moving to less volatile, dollar-pegged assets, IntoTheBlock highlights the sheer amount…
An Ethereum-based altcoin, Across Protocol (ACX), saw a massive price jump after South Korea’s second-largest cryptocurrency exchange, Bithumb, announced it would support the token. A Quick 68% Surge The news sent ACX prices skyrocketing. In just a few hours, the price went from $0.275 to a high of $0.462 – a nearly 68% increase! While…
