Cryptocurrency Analysis and News Portal
Bitcoin has stabilized around the $37,000 level, remaining rangebound as it seems to take a break between potential moves up or down, according to the crypto analyst and trader in his YouTube video on Nov. 27th. The host believes this period of sideways trading for Bitcoin (BTC) creates opportunities in other
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Stablecoins lack crucial mechanisms that guarantee money market stability in fiat, and an operational model that gave regulatory control to a central bank would be superior to private stablecoin, a study released by the Bank for International Settlements (BIS) found. The authors used a “money view” of stablecoin and an
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K33 Research’s report shows the crypto market exhibits a bullish trend as Bitcoin maintains a steady trading range and altcoins, like Solana, experience significant gains amid new technological developments and market speculation. In recent weeks, the crypto market has shown signs of bullish behavior, with particular attention on the movements of
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The International Monetary Fund (IMF) has called for financial reforms, particularly in the crypto industry, to foster global economic stability. Despite the IMF’s expectation of economic growth across the Middle East, it believes the recent Israel-Hamas conflict poses substantial risks to the region’s economy. The IMF in a joint statement highlighted the
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The trial against FTX co-founder Sam Bankman-Fried took an intriguing turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided
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The Central Bank of Nigeria (CBN) had to publicly insist that its eNaira project — one of the world’s first operating central bank digital currencies (CBDC) — doesn’t threaten the country’s financial stability. The Oct. 9 press release from the CBN came in response to “news items on some media platforms,” suggesting
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DOGE has historically been more volatile than bitcoin, scaring risk-averse investors, understandably so, as BTC has been around since 2009 and has evolved as a macro asset, with increasing institutional participation over the past three years. DOGE, meantime, has been seen as a non-serious crypto project since its inception in
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While Bitcoin maintains its stability amid inflationary concerns and economic data releases, other cryptocurrencies face a different fate. In recent months, the world has witnessed a significant degree of financial turbulence as it relates to dwindling crypto prices and concerning Consumer Price Index (CPI) data. One key aspect of this turbulence
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Bernd Sischka, Chief Commercial Officer at PowerTrade, a crypto options and derivatives exchange, said to CoinDesk in a note that this swift rally wasn't necessarily driven by a genuine shift from bearish to bullish sentiments. Instead, it appeared to be spurred by aggressive short covering and a liquidity crunch, leading
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A report on Sep. 7 reveals that global regulators, including the International Monetary Fund (IMF), are working to reduce risks that cryptocurrencies may pose to economic and financial stability. In their evaluation, these regulators argue that many of the advantages of digital assets, such as cheaper and quicker cross-border payments, have
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