CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, CARDANO News
Bitcoin Recovers After $ 2,000 Crash
Most of the crypto assets have recovered some of their losses.
After plummeting nearly $ 2,000 in price, Bitcoin bounced off the $ 17,600 bottom and climbed back above $ 18,000. Most of the alternative coins also recovered some of the losses, and the market capitalization increased by about $ 20 billion.
Ethereum Remains Vulnerable Why Close Above 100 SMA Is Key
Ethereum slipped to the $ 530 zone before rallying above $ 550 against the US dollar.
Ethereum traded for just $ 529 before starting a decent up move. Above the $ 540 and $ 550 levels, there was a sharp wave of recovery. Ether even broke through the $ 565 resistance but faced strong resistance around the $ 580 zone and the 100-hour simple moving average.
3iQ Ethereum Fund Prepares For Listing On The Toronto Stock Exchange
3iQ is set to close the initial public offering of its Ethereum fund on the Toronto Stock Exchange.
The Ethereum Fund IPO is expected to end on December 10, 2020, after which the Toronto Stock Exchange will list the asset under the symbol QETH.U.
On December 3, the institutional investment firm announced that Ether Fund has filed an application with Canadian regulators and received a receipt for the final prospectus for the IPO.
Cardano is showing signs of a new upswing, but 100 SMA is the key
Cardano’s price plummeted to $ 0.1300 before correcting higher, as did Bitcoin.
In the past few days, cardano’s price has corrected its gains, well above the $ 0.1500 level. The fall accelerated below the $ 0.1400 level, but the bulls were able to defend the key $ 0.1300 support zone. The low is being formed around $ 0.1305 and the price is currently rising.
France bans anonymous cryptocurrency transactions
Finance Minister Bruno Le Maire has issued a decree obliging crypto exchanges to implement KYC for all transactions.
Finance Minister Bruno Le Maire has issued a decree that introduces draconian know-your-customer rules for local cryptocurrency companies.
He was presented to the Council of Ministers Le Maire, together with the Minister of Foreign Affairs Sebastien Lecorne and the Minister of Public Accounts Olivier Dussaupt.
Mexican Exchange Bitso Raises $ 62 Million to Fund International Expansion
Latin American Exchange Raises $ 62 Million in Series B Funding Round
Bitso, the largest crypto exchange in Latin America, raised $ 62 million in a Series B funding round.
Bitso plans to use the funds to consolidate its expansion in the region, including focusing on the emerging Brazilian market.
Standard Chartered plans to launch Bitcoin storage in 2021
The British multinational banking and finance company has announced a partnership aimed at storing bitcoin and cryptocurrencies in 2021.
According to an official press release, Standard Chartered’s innovation and venture capital division, SC Ventures, has partnered with Northern Trust, a Chicago-based financial services company and one of the oldest and largest US banking institutions.
Nearly $ 300 Million BTC Was Transferred To Exchanges Ahead Of Recent Sale
BTC, worth $ 270 million, was transferred to exchanges shortly before the latest price changes.
Bitcoin dabbled with the $ 19,000 level for several days, but after another unsuccessful attempt to break above it, headed south and fell $ 1,000 in 24 hours. The latest data points to a significant increase in the number of bitcoins being transferred from cold wallets to exchanges, which means that a drop in price could be expected to some extent.
These three XRP pairs have just been added to FXcoin
Japanese cryptocurrency exchange FXcoin lists three XRP pairs
Japanese cryptocurrency exchange FXcoin has added three trading pairs with XRP as its quote currency.
From now on, its users will be able to trade Bitcoin, Litecoin and Bitcoin Cash for the third largest cryptocurrency.
Paxos Applies to U.S. Regulatory Authority for National Bank Charter
Cryptographic company Paxos is requesting the statutes of the national bank from the Office of the Comptroller, the leading US banking regulator.
The firm posted its proposal on a blog post. Dan Burstein, Paxos Chief Compliance Officer and General Counsel, wrote that “With this national charter, Paxos will become the first custodian of digital assets to be regulated at both the state and federal levels. Our mission is to modernize the infrastructure of the financial market and ensure the reliable movement of any assets at any time, ”he said. “The charter of a national trust bank will help us achieve our goal by allowing us to serve clients across the country in the most efficient way.”
Paxos filing with US regulator