CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News
Why Bitcoin High Bias Is Vulnerable If It Continues To Fight Below $ 35k
The bitcoin price made another attempt to clear $ 35,000 of the US dollar, but failed.
After the big jump, the price of bitcoin basically reduced its profits and dropped below $ 35,000. BTC even fell below the $ 34,000 support level and the 100-hour simple moving average.
New Investment Inflow Helps Ethereum To Exceed $ 1400 Despite Rising Gas Prices
The world’s second largest cryptocurrency, Ethereum, has taken a bold move, surpassing the $ 1,400 level again.
Ethereum surpassed $ 1,400 but failed to hold momentum to hit its all-time high.
Ethereum consolidated in the same way as Bitcoin for a while, before surpassing its previous $ 20,000 ATH. Well, technically, the charts show that ETH is gearing up for a Bitcoin-like breakout soon. Network data provider Santiment notes that a stream of new investors has been coming to Ethereum lately, which keeps momentum.
US SEC accuses Bitcoiin2Gen executives of defrauding investors in $ 11.4 million crypto scheme
The US SEC accused three persons of defrauding investors of $ 11.4 million.
The Securities and Exchange Commission reported that Krstic, DeMarr and Enos allegedly promised to provide investors with an Ethereum-based token, which the regulator claims never existed. The three allegedly distributed misleading brochures to 46 investors, promising a tradable and mineable digital token, but selling the fake for funds they never returned. The perpetrators received $ 11.4 million through the Bitcoiin2Gen project and another project called Start Options, all of which were unregistered and fraudulent securities offerings.
Ripple price rejected at $ 0.75, can this important support hold?
Ripple’s massive breakout hit a critical barrier at $ 0.75, capitulating short-term stockholders.
XRP is hovering at $ 0.38 after a sudden sharp drop from Feb 1 highs at $ 0.75. The support expected at $ 0.7 and $ 0.4 fell short of expectations, leaving the bears in full control.
Meanwhile, a simple moving average of 50 came in handy, limiting the break below $ 0.34. It is important that this support persists, otherwise XRP could continue to freeze to dominant levels in January
Bitcoin Stablecoin Supply Ratio Falls As Buying Pressure Increases
As Bitcoin stays in its consolidation channel, more on-chain metrics suggest it might be time to buy again.
Network analyst provider Glassnode noted the ratio in its latest report, which says the supply ratio of Bitcoin stablecoins is declining in 2021 as more stablecoins are minted. When the SSR is low, there is a large supply of stablecoins compared to BTC, indicating more purchasing power ready to flow into BTC and other cryptoassets.
Wyoming Senator Sees Bitcoin As A ‘Great’ Store Of Value
US Senator Cynthia Lummis shares how she became an ardent supporter of bitcoin
In the latest episode of The Pomp Podcast, Wyoming Senator Cynthia Lummis recognized Bitcoin as a “great store of value,” stating that it should be part of everyone’s portfolio:
Since it is a limited resource, I find it a very good store of value.
Meanwhile, she notes that the dollar is “calculated” to cost less and less every year.
Crypto Exchange Coinbase Selects Nasdaq As Direct Listing Site
Exchange operator Coinbase has selected Nasdaq as its direct listing location.
The firm’s plan to go public in the coming weeks follows a secondary public offering on the Nasdaq private market.
On January 25, Nasdaq Private Market launched a secondary market for Coinbase shares, allowing equity holders to sell shares. Nasdaq Private Market offers pre-IPO services to companies, including “controlled liquidity programs for pre-IPO companies looking to raise secondary capital for shareholders and investors.”
Altcoin Season Has Come: ‘Buy Crypto’ Surpasses Bitcoin Google Searches
Altcoins have awakened from their long crypto winter slumber.
Further confirmation that altcoin season is finally arriving is confirmed by “buy cryptocurrency” searches that suddenly outpaced similar “buy bitcoin” searches on Google Trends. This is why this is happening and why this is just the beginning of the altcoin boom.
Robinhood raised over $ 600 million in revenue from order flow in 2020.
The total amount received from the PFOF exceeds $ 600 million per year.
According to 2020 data, Robinhood – the app brokerage that made headlines for its retail stock market craze – received nearly $ 700 million in payments from high-speed trading companies during 2020.