XBT/USD Analysis: Bitcoin Tests $6,600 Support As $5,000 Comes Calling – BitMEX Margin Trading

November 25th, 2019

Bitcoin battered bulls are not giving up hope. They have endured constant selling pressure since Friday last week. The dive under $8,000 literally opened the Pandora box as XBT/USD sunk beneath several key support areas including $7800,7,400, $7000 and $6,800. The Asian hours on Tuesday saw Bitcoin forced to accept a drab start to the…

Bitcoin Price Probe: Analyst Explains the Drop, as Exchange CEO Blames Media

November 23rd, 2019

Recently, China initiated a cryptocurrency exchange crackdown in Shenzhen. Crypto media outlet, The Block, reported that Binance offices in China were raided as well. However, Binance officials denied the existence of an office in China altogether. It looks like; this is the beginning of the search for truth. As reported earlier on CoinGape, the news…

XBT/USD Analysis: Is $7,200 Bottom Bitcoin Has Been Hunting For? BitMEX Margin Trading

November 22nd, 2019

Bitcoin’s $8,000 support finally gave in to the selling pressure. Just as it has been predicted by many crypto analysts, Bitcoin continued to weaken towards $7,000. Fortunately, $7,400 came out as a strong support area. XBT/USD bounced back up stepping above $7,500. The price is doddering at $7,568 amid a generally lethargic but bullish momentum….

XBT/USD Analysis: Where Is This Consolidation Leading Bitcoin BitMEX Margin Trading?

November 21st, 2019

Trading Bitcoin perpetual swap contract activity on BitMEX has gone down significantly. In fact, the data extracted by Datamish shows that only 9.18k of Bitcoin shorts having liquidated in the last six hours. However, no Bitcoin longs have been liquidated in the same period, see the table below. Bitcoin longs and shorts liquidations on BitMEX…

Alert: Cryptocurrency Exchanges Bank Accounts to Be Shut in South Africa

November 20th, 2019

The First National Bank (FNB), South Africa’s second-largest retail bank, has notified leading cryptocurrency exchanges in the country including Luno, ICE3X, and VALR, that it will shut down their bank accounts, a blow to one of Africa’s active cryptocurrency trading enclave. FNB cites fuzzy regulation around virtual currencies. South Africa Leads in Cryptocurrency Adoption in…

Trade Wars: LocalEthereum is Now LocalCryptos, Will It Outpace LocalBitcoins?

November 19th, 2019

In a recent development, LocalEthereum, a peer-to-peer (P2P) trading platform for Ether (ETH) has changed its name to LocalCryptos, to support more crypto assets including ERC-20 tokens. The firm aims to become a leader in the P2P fiat-to-crypto trading space. Will LocalCryptos Matchup to Arch Rival LocalBitcoins? With this new initiative, LocalCryptos aims to compete…

Crypto Weekly: Bakkt Extends Crypto Custody, Launches Crypto Lending Services and more

November 17th, 2019

Bakkt Extends Crypto Custody to All Institutions Bakkt now offers Bitcoin custody to all institutions. Clients all over the world can now safeguard their assets using Bakkt’s enterprise-grade offering. Furthermore, the latter has also received authorization from the New York Department of Financial Services (NYDFS) to offer bitcoin custody to all institutions. The list of…

China: Speculations Thrive As China Complicates Stance on Cryptocurrencies

November 16th, 2019

A few days back, the People’s Congress in China passed the cryptographic law and it is all set to come in effect starting January 2020. The Chinese president, Xi Jinping also in an organized study session lauded blockchain and said that the communist party should tap blockchain for technological advancement. Well, this was taken as…

Chainlink Rises 9.45% in 24 Hrs, Crosses $1 Billion Market Cap

November 14th, 2019

LINK prices are up by 8.46  in 24 hours. Chainlink (LINK) opened the day trading at $2.81 on the 13th of November and is trading at $3.07, at press time. LINK’s Market Cap Crosses $1 Billion LINK’s market cap has also made a significant move in the past 24 hours. It has reached $1.05 Billion…

Bitfinex to Offer Options Trading; Are Exchanges Racing to Board the Crypto Derivatives Train?

November 13th, 2019

Derivatives trading in the crypto sphere has been a matter of speculation and discussions. Of late, a surge in the number of platforms offering derivatives […]

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