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Calls for Bitcoin Price Rally Grows as $600M Enter Crypto Exchanges

Cryptocurrency exchanges experienced a dramatic rise in stablecoin deposits in the previous 24 hours, instilling hopes that traders will use the dollar-pegged tokens to purchase Bitcoin. Data fetched by blockchain analytics platform, CryptoQuant, showed exchanges’ stablecoins reserves hitting a record high of 5.47 billion after adding $600 million in a day.

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Calls for Bitcoin Breakdown Grows amid Global De-Risking Sentiment

A breakdown below the Descending Triangle support can technically send Bitcoin towards $20,000. Source: BTCUSD on TradingView.com A breakdown below the Descending Triangle support can technically send Bitcoin towards $20,000. Source: BTCUSD on TradingView.com Short-term fundamentals favored bears. Bitcoin’s rebound from $30,000 came when the US stock market logged its worst one-day performance

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SEC Calls Out Suspicious Crypto Companies Targeting Global Traders

The U.S. government’s top investments watchdog flagged a series of unregistered cryptocurrency companies for apparently duping mostly international investors with false corporate information.Of the 28 suspect investment firms the U.S. Securities and Exchange Commission (SEC) called out Thursday, CryptoX found eight that appear to target would-be cryptocurrency investors. Some purport

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Market Wrap: Bitcoin Drops Briefly Below $33.5K While Ether Calls Dominate Options

Bitcoin is recovering from a steady price decline while ether options traders anticipate another high-water mark after it hit an all-time high of $1,439.Bitcoin (BTC) trading around $35,023 as of 21:00 UTC (4 p.m. ET). Slipping 4.1% over the previous 24 hours.Bitcoin’s 24-hour range: $33,430-$36,794 (CryptoX 20)BTC above the 10-hour

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Yellen Calls Terrorist Financing Using Crypto a ‘Concern’

Cryptocurrencies are “a particular concern” when it comes to terrorist financing, potential Treasury Secretary Janet Yellen said Tuesday.Speaking at a Senate Finance Committee hearing on her anticipated nomination after President-elect Joe Biden takes office tomorrow, Yellen said the U.S. should be aware of emerging tools for terrorist financing.“The technologies to

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Biden’s Treasury Secretary nominee calls cryptocurrencies a ‘particular concern’ for AML

Janet Yellen, a former leader at the Federal Reserve and Joe Biden's pick for Treasury Secretary, is still suspicious of crypto as a threat for illicit financing. In a virtual hearing of the U.S. Senate Finance Committee held today, Yellen faced questions on combating the financing of terrorism, or CFT, from

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