CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, CHAINLINK News
Bitcoin consolidates below $ 33K
The bitcoin price is slowly recovering and exceeds $ 32,000 against the US dollar.
After forming a base above the $ 30,000 level, the bitcoin price corrected higher. There was a break above the 23.6% Fibonacci retracement level of the downtrend from the $ 37,892 high to the $ 28,809 low. It is currently trading just above $ 32,500 and the 100-hour simple moving average.
Ethereum is rapidly gaining traction in new ATMs
Ethereum rose 15% and traded to a new all-time high of around $ 1,475 against the US dollar.
Over the last 3-4 sessions, Ethereum has risen strongly above the $ 1,300 resistance level. There was also a close above the $ 1400 level and the 100-hour simple moving average. Ether rose 15% and traded to a new all-time high around $ 1,476. The price is currently correcting lower and trading below the $ 1,450 level.
After registering a new ATH, what happens next with Chainlink?
Chainlink hit a new all-time high in the past couple of days after the asset registered $ 26.60 on the charts.
Chainlink is up more than 200% in the last month and its latest rise could be an important turning point for the asset’s future.
While the LINK market is currently enjoying peaks on the charts, it is equally important that the asset rallied after its massive January 21st drop. On the 22nd, LINK dropped to $ 16.7 before showing massive gains.
Ethereum mining difficulty and hash rate hit new all-time highs
The network complexity and hashrate of the world’s second largest cryptocurrency has reached new heights.
The difficulty of mining the Ethereum network has been steadily increasing for some time now, and now it reaches 4410T, according to data provided by Glassnode. In fact, its growth rate has increased even more since January 5, 2020.
According to Etherscan, the coin’s average hash rate, akin to network complexity, recently peaked at a new high while holding on without any significant drops on the charts.
Chainalysis: Criminals Transferred $ 34 Million To Cryptocurrency Via DeFi In 2020
DeFi-related financial crimes accounted for less than 1% of total DEX transactions
An estimated $ 144.3 billion went through decentralized exchanges in 2020, but not all transactions are tied to legally received cryptocurrency.
Blockchain analyst company Chainalysis estimates that criminals have conducted decentralized finance transactions worth about $ 34 million.
The $ 34 million figure may not sound like much – after all, it’s only 0.02% of the estimated DEX volume. But that number remains significant as the frequency of such activity is expected to rise in 2021, Chainalysis Chief Scientist Jacob Illum wrote.
DeFi-related financial crimes
NASDAQ Listed Bitcoin Mining Company Faces Investor Fraud Lawsuit
Mining company BTC has stated that it has 22,869 bitcoin miners in China.
According to an official court document filed in the Southern District Court of New York by plaintiff Anthony Powels, the case aims to recover damages for Bit Digital investors. The victims bought shares from the BTC mining company between December 21, 2020 and January 8, 2021.
The court’s statement said the company made “false and / or misleading statements” that it operates 22,869 bitcoin mining enterprises in China.
Bitstamp Applies Tighter KYC Measures For Crypto Withdrawals In The Netherlands
Crypto exchange Bitstamp has introduced stricter KYC measures for Dutch users.
Crypto exchange Bitstamp has confirmed that it has implemented stricter know-your-customer measures for Dutch users.
Under these measures, effective January 15, no Dutch Bitstamp user is allowed to withdraw cryptocurrency to an external address without following KYC rules.
90% of big bitcoin deals come from China: report
42% of the market capitalization of the top 20 tokens are headquartered in Asia.
The Chinese government has repeatedly stated that BTC is officially banned within the country. However, the country remains one of the largest and most important players in the development of primary cryptocurrency.
As previously reported, China is responsible for over 60% of the BTC hash rate – which means that most of the miners are located within the country.
Beijing and Shanghai Join Digital RMB Expanded Testing in 2021
Broader efforts to promote digital currency precede launch in the “near future”, according to state media reports.
Beijing’s mayor said the capital will accelerate the creation of “showcase zones” for financial technology and professional services during 2021, according to the Chinese state-run media Global Times.
These efforts will include promoting a pilot CBDC app, officially called digital currency e-payment.
According to the report, the mayor of Shanghai made a similar pledge to promote the digital currency.