CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, COINBASE News
Bitcoin struggles below $ 35k
Bitcoin price failed to break through the key $ 36,000 resistance zone against the US dollar.
After the bitcoin price was only $ 30,312, the price started to rise again. BTC broke through the resistance levels of $ 32,000 and $ 34,000 and moved into positive territory.
There was a break below the $ 34,000 level and the 100-hour SMA. The price even broke the 50% Fibonacci retracement level of the upward movement from the $ 30,312 low to the $ 36,617 high.
Ethereum Faces Significant Hurdles: Why 100 SMA Could Spawn Another Rally
ETH is currently trading well below the 100 hour SMA and $ 1,100.
ETH price broke through the resistance levels of $ 1080 and $ 1100. It even climbed above the $ 1,120 level.
However, the bears were protecting the main resistance area around $ 1,150 and the 100-hour simple moving average. Before the price started another decline, a high was formed around $ 1152. There was a break below the $ 1120 and $ 1100 support levels.
PayPal’s cryptocurrency trading volume is skyrocketing amid massive bitcoin volatility
Huge volatility during yesterday’s trading session led to a huge amount of cryptocurrency on PayPal
According to the monitoring resource Nomics, the company has recently seen a gradual increase in the volume of cryptocurrency trading. However, yesterday’s largely volatile trading day resulted in a new all-time high of over $ 240 million – almost double the previous record day of January 6, 2021.
Visa refuses $ 5.3 billion purchase of Plaid due to Justice Department antitrust laws
The Justice Department announced that the $ 5.3 billion deal has been canceled.
The US Department of Justice announced that the two companies have officially canceled a planned $ 5.3 billion merger following a Justice Department lawsuit last year that tried to block the deal.
On November 5, 2020, the Justice Department filed a civil antitrust lawsuit to stop the merger, claiming that Visa is a monopoly in online debit, charging consumers and merchants billions of dollars annually to process online payments.
Marathon Announces $ 250 Million Registered Direct Offer of Common Shares
Marathon Patent Group announced that it has entered into securities purchase and sale agreements with several institutional investors.
The Marathon Patent Group, a patent holding company and parent company of Uniloc, known for its bitcoin mining, announced that it has entered into securities purchase agreements with several institutional investors to buy and sell 12,500,000 shares of its common stock through a registered direct offering. at the placement price of $ 20.0 per share.
Fidelity International increases stake in cryptocurrency exchange operator in Hong Kong
BC Group, the company received another seal of approval from Fidelity.
Less than a year after acquiring a significant portion of Hong Kong-based cryptocurrency company BC Technology Group, Fidelity International has increased its stake. The investment subsidiary of the Boston-based mutual fund giant has donated nearly $ 7 million more for a total stake of 6.29%.
Largest darknet market shutdown due to arrest of alleged operator in Germany
The DarkMarket website was considered the world’s largest illegal online marketplace.
The 34-year-old Australian accused of running the world’s largest darknet market has been arrested by German authorities near the border with Denmark.
According to a Europol report, DarkMarket was taken down on January 11 following an investigation by German investigators with the assistance of Europol and seven other countries.
The illegal site processed over 320,000 transactions, had about 500,000 users and more than 2,400 providers. More than 140 million euros in bitcoin and monero have changed hands on the site.
Top 100 Bitcoin Addresses Accumulate $ 11 Billion More BTC In The Last 30 Days
The 100 richest Bitcoin addresses have bought almost 350,000 more bitcoins in the last 30 days.
The 100 richest bitcoin addresses are getting more optimistic, accumulating 16% more bitcoins in the last 30 days.
In total, these addresses added another 334,000 bitcoins to their bags, which is about $ 11 billion.
Ribbit Capital, Paradigm Leads $ 15 Million Series A For Indian Crypto Exchange CoinSwitch Kuber
Indian crypto exchange CoinSwitch Kuber raised $ 15 million in Series A.
Indian crypto exchange CoinSwitch Kuber has raised $ 15 million in Series A funding led by Ribbit Capital and Paradigm.
CoinSwitch has stated that this is Ribbit Capital’s first cryptocurrency-related investment in India, and Paradigm’s first investment in the country as a whole.