Month: December 2019

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Crypto exchange Upbit confirms theft of 342,000 ETH Another week, another hack — leaving us all with a distinct sense of déjà vu. On Wednesday, the major South Korean crypto exchange Upbit confirmed that a Read more …

For some reason or another, bearish sentiment has swept the Bitcoin market; now, you have countless cryptocurrency investors calling for another 80% decline in the market capitalization of digital assets. Despite this harrowing sentiment, an analyst has asserted that the proverbial crypto ball remains in favor of the bulls from a long-term perspective. Popular analyst CryptoThies noted in a recent tweet that taking a look at the monthly Bitcoin chart, it may be illogical to be bearish on cryptocurrency. Backing Read more …

Bitcoin’s bulls and bears have been engaged in a heated battle over the past several days and weeks, with BTC’s latest bout of volatility being a sharp downtrend that followed its recent attempt to surge past $8,000. Analysts are now noting that they anticipate Bitcoin to see further gains in the near-term, with this notion being supported by the cryptocurrency’s ability to bounce off of its daily lows of $7,200 that were set during a sharp intra-day sell off that Read more …

A fully operational crypto-focused bank based in Switzerland is expanding into nine other markets. With a banking and securities dealer license from the Swiss Financial Market Supervisory Authority, its services include crypto custody, trading, and asset management. The bank has launched its investment business including a cryptocurrency index. Also read: Swiss Crypto Bank SEBA Launches With Range of Services International Expansions SEBA Bank AG, formerly SEBA Crypto AG, is a crypto-focused bank headquartered in Zug, Switzerland. The bank recently became Read more …

Tether (USDT) is still the stablecoin of choice for most crypto traders. Despite criticism about Tether, Inc. not having complete fiat backing, as well as the banking troubles of iFinex, the coin is still widely used. USDT Keeps Market Share Despite Alternative Stablecoins The market share of USDT remains above 97%, even as more stablecoins aim to challenge the asset’s position. But it turned out that fully fiat-backed stablecoins are used as a fiat off-ramp, and their supply is diminishing. Read more …

Advertisment As 2019 is nearing its last month, the upcoming cryptocurrency events are also being scheduled and announced online. Here is our list which will help you find a crypto event that you can attend in this December. Bangkok World Blockchain Summit 2019 Event date: Dec 01, 2019 – Dec 02, 2019 Event location: Bangkok, Thailand Bangkok World Blockchain Summit will be attended by over 300 CEOs, CIOs, CTOs, blockchain developers, innovators, and experts from this sector. The event will Read more …

Advertisment When the universe aligns or better said many edges speak in favor for a trading entry, it´s time to take action. Unfortunately, this is easier said than done. As contrarians, these times are often, or should we say best, when others are in disagreement. It is not uncommon that one might have tried once or twice before to get a stab at the market so it takes courage to increase size and be aggressive at a time when emotions Read more …

Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently to encourage bank lending and borrowing in the private sector. With a brewing liquidity crisis, however, not all effects might in the end turn out to be desirable. And also, does China have the money? Also read: Another Bank Run Highlights China’s Brewing Financial Crisis Key Loan Rates Lose 5 Read more …

A couple of United States lawmakers are looking to classify stablecoins as securities. With Libra considering adopting fiat-pegged stablecoins rather than a single token supported by a basket of national currencies, the proposed crypto project might be facing yet another regulatory hurdle. Meanwhile, lawmakers sponsoring the bill say stablecoins should be classified as securities to protect U.S. consumers. If passed, stablecoin projects like Libra will potentially fall under the purview of stringent U.S. securities regulations. Critics of the move remark Read more …

The US stock market rally in 2019 surprised skeptics, as indexes continued to surge despite underwhelming performance and setbacks for the FAANG stocks. But Wall Street pundits are predicting that 2020 will be sluggish. Will Bitcoin and crypto markets get all the attention then?  S&P 500 Expected to Deliver Single-Digit Returns 2020 may be the year when the US stock markets lose their spring, with less probability of repeating the performance of 2019, reported the Wall Street Journal. The past Read more …

Ripple, Inc. unlocked its monthly escrow, raising more questions about the performance of XRP. Over the course of 2019, the token has underperformed, also losing hopes of an end-of-year rally. XRP Long-Term Holding Still Won’t Pay XRP is still down around 30% this year, as 2019 nears its end. The latest unlocking of the scheduled escrow tranche releases 1 billion coins. It is uncertain how many of them would be distributed or sold by Ripple. 1,000,000,000 #XRP (225,092,032 USD) unlocked Read more …

Bitcoin (BTC) fell back towards support at the $7,250-$7,300 level on Dec. 1 after its latest sudden uptick began to fizzle overnight.  Cryptocurrency market daily overview. Source: Coin360 Futures gap incoming if lower levels stay Data from Coin360 showed the largest cryptocurrency shedding almost 30% of its gains from earlier in the week, dropping from local highs of $7,790 to around $7,300 at press time.  The downside equated to 24-hour losses of 6% for Bitcoin, which began showing signs it Read more …