CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, TETHER News, COINBASE News
Why bitcoin rally may soon disappear if bitcoin can’t top $ 24k
Bitcoin price started a new move up from the $ 22,000 support zone against the US dollar.
The price gained bullish momentum above the $ 23,200 resistance level and closed above the 100-hour simple moving average. There was also a break above the key bearish trend line with resistance near $ 23,200 on the hourly BTC / USD chart.
Bitcoin Price Shows Bullish Signs
Bitcoin Finally Flips VISA, Reaching $ 500 Billion Market Cap
Bitcoin hit a new all-time high, approaching $ 27,000.
At the current price, BTC is also expanding its dominance in the crypto market to 70% for the first time since 2017. BTC hit a new all-time high of $ 26,878, reaching a market cap of $ 500 billion, or half a trillion dollars. Finally, after a lot of FUDs on December 26, Bitcoin surpassed VISA’s market cap.
Ethereum Bears Continue To Fight Why ETH Might Slide Again
Ethereum started a decent move up above $ 620 and $ 630 against the US dollar.
The bulls managed to push the price above the $ 620 resistance level. There was also a break above the bearish trend connecting line with resistance near $ 625 on the hourly ETH / USD chart. Ether even rallied above the $ 630 level and the 100-hour simple moving average.
No more Chinese coin: bitcoin mining moves to Sweden and Norway
Scandinavian Bitcoin Miners Thrive Amid Continuing Bullish Run
The Bitcoin mining market is in the midst of a major shift that almost no one talks about.
Philip Salter, head of production at Genesis Mining, recently told Bloomberg that miners are moving from China to the Nordic countries, namely Sweden and Norway, in what he describes as “one of the biggest developments” in the nascent industry:
New $ 900 Billion US Stimulus Package Underlines the Power of Bitcoin The United States has unveiled another $ 900 billion stimulus package this time.
The US Senate has approved a new stimulus package worth nearly $ 900 billion, including $ 300 billion for small businesses and direct payments of up to $ 600 for American adults. Since the total amount of economic aid has surpassed $ 3 trillion since the start of the COVID-19 pandemic, the question remains whether these events are an unintended promotion of bitcoin.
Tether Regulation Proposal “Apocalyptic” for Crypto
The US government demands stricter control over stablecoins.
A new US law called the Stable Act is causing concern in crypto circles. The transition could effectively end billions of dollars in transactions and set the industry back several years.
The law requires banking licenses for stablecoin issuers such as Tether. It’s not over yet. The bill proposes additional reporting requirements for the Federal Reserve. It also offers release approval in addition to current audit requirements and an insurance policy to cover the assets.
Cryptocurrency Adoption Grows In Australia: Almost 20% Of Australians Own Cryptocurrencies
Cryptocurrency awareness and adoption continues to grow in Australia.
The Australian exchange highlighted that its Independent Reserve Cryptocurrency Index survey covered “ordinary Australians and reflects the nation as a whole” rather than focusing on users of digital assets.
The number of people who have heard of at least one cryptocurrency has grown by over 90% in a year to 91.4%. As you would expect, the first ever crypto asset Bitcoin leads the market in awareness with 89%.
Bitcoin’s popularity has been similar among men and women. However, men are “3 times more likely to hear about other cryptocurrencies such as Ethereum, EOS and Litecoin.”
Goldman Sachs will prepare for Coinbase’s initial public offering.
Goldman Sachs is set to lead preparations for the initial public offering of the US cryptocurrency exchange Coinbase.
After confidentially filing preliminary regulations with the US Securities and Exchange Commission, Coinbase hired Goldman Sachs to publicly list the company, Reuters reported.
Coinbase began planning its stock market debut back in July, Reuters reported. At the time, the crypto exchange was leaning towards direct listing rather than IPO. It is not yet clear which path Coinbase will take to the IPO.
Canadian fintech company plans to buy Bitcoin worth at least $ 1.2 million in 2021
Fintech firm Mogo plans to buy bitcoins worth $ 1.2 million.
A Vancouver-based fintech company has announced its BTC-related plans. In a statement, the firm intends to set aside 1.5% of its total assets as of the end of 2020 in the mainstream cryptocurrency. These will be an initial investment of USD 1.2 million and possible additional purchases during 2021.