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Proposed tightening of Australian crypto regulations could stifle competition: Kraken

Kraken Australia’s Managing Director is concerned that a proposed new licensing regime for crypto exchanges could collapse the vibrancy of the industry down under.

Continue ReadingProposed tightening of Australian crypto regulations could stifle competition: Kraken

Crypto Markets Shed Billions Overnight — Analyst Says ‘Drawdown Normal’ and ‘Bull Market Structure Still Intact’

Cryptocurrency markets have dropped significantly in value during the last 24 hours as the entire market capitalization of all 10,000 crypto assets in existence has dropped below the $3 trillion…

Continue ReadingCrypto Markets Shed Billions Overnight — Analyst Says ‘Drawdown Normal’ and ‘Bull Market Structure Still Intact’

Analysts say Bitcoin price ‘dips are transitory,’ suggesting BTC will soon head to $75K

Rising U.S. inflation and overblown fears about Evergrande contagion might be factors behind BTC’s recent pullback, but most analysts view the drop as a “necessary retest.”

Continue ReadingAnalysts say Bitcoin price ‘dips are transitory,’ suggesting BTC will soon head to $75K

Hawkish Fed comments and fears of stablecoin regulation spark market sell-off

BTC, ETH and altcoins saw a slight pullback a day after the Federal Reserve signaled that its monetary policy is subject to cool off soon.

Continue ReadingHawkish Fed comments and fears of stablecoin regulation spark market sell-off

Bitcoin hodling rate reaches 9-month high, boosting hopes of ‘bull flag’ rally to $70K

The number of "hodled" and presumably lost Bitcoin tokens continues to surge in sync with the BTC price.

Continue ReadingBitcoin hodling rate reaches 9-month high, boosting hopes of ‘bull flag’ rally to $70K