Cryptocurrency Analysis and News Portal
On a technical basis, bitcoin breached its 10-day exponential moving average (EMA), indicating short-term weakness. The 10-day EMA is a moving average of the most recent 10 days of bitcoin prices. A movement in price below an asset’s EMA can be interpreted as a bearish signal. Worth noting, however, is
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What Is Crypto’s Downfall? Its Complexity Source
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Of course, if this practicality applies to you specifically, then yes, it does matter. In that case, you should weigh the probability of bitcoin or ether being labeled as securities (which seems low at this point) and weigh the probability of other cryptocurrencies being labeled as securities (which seems higher
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Growth in the U.S. economy slows, the yield curve inverts but markets push higher anyway. Original Source
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Moreover, issues with liquidity hit funds and lenders that bought into Terra’s network. Crypto hedge fund Three Arrows Capital, for example, lost over $200 million with its investment in TerraUSD. Similarly, crypto broker Celsius Network, which has filed for Chapter 11 bankruptcy, blamed its liquidity issues to the “domino effect”
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No clear buy signal emerged for bitcoin and a poor macroeconomic situation still dominates, one analyst said. Source
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The SEC and DOJ brought insider trading charges against three people Thursday, but assertions that nine cryptocurrencies are securities may hold greater implications. Original Source
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The Nigerian central bank governor and bitcoin critic, Godwin Emefiele, recently remarked that the rise of fintechs and cryptocurrencies among other technologies have forced banks and financial institutions to change the way they operate. According to Emefiele, this requires the central bank’s monetary policy committee (MPC) to rethink the way
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Indian finance minister Nirmala Sitharaman has called for global collaboration on cryptocurrencies, assessing their pros and cons to form a common standard and taxonomy.Addressing a question on cryptocurrency in the Lok Sabha, the lower house of the Indian parliament, Sitharaman said that the Indian central bank had advised the government
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It’s not a great day to be in crypto. Perhaps you’ve seen an article (or 20) about this. Perhaps you’ve been on Twitter, where our detractors are cackling gleefully over every headline, each one more harbinger-of-doom-esque than the next. To be fair, things are going badly. Crashed, collapsed, erased, plunged,
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