Bitcoin Spike Fueled by Short Squeeze as Market Shrugs Off Tether News
According to one analyst, some $1 billion in trading positions were liquidated as prices surged.
According to one analyst, some $1 billion in trading positions were liquidated as prices surged.
Unlike past scares, Monday’s report of a Department of Justice investigation hasn’t shaken traders’ faith in the stablecoin.
Are folks already out of new ideas?
Monday's bitcoin rally could encourage digital-asset inflows because many investors have been on the sidelines since the sell-off in May.
The price of bitcoin cash and ether also rose in the past 24 hours.
The U.S. Department of Justice is investigating Tether for a possible offense conducted years ago, Bloomberg reported Monday.
Framework Ventures and ParaFi Capital are leading the round in a bid to see if DeFi options trading can finally click.
The growth compares with a jump of almost 120% for all 2020, according to data from Coin ATM Radar.
Singapore received an Independent Reserve Cryptocurrency Index score of 63 for crypto awareness.
Upside momentum is improving after several months of consolidation.
The announcement comes hours after CEO Changpeng Zhao tweeted that Binance was reducing the maximum leverage users can use to trade futures contracts.
The hedge-fund company nevertheless trades crypto, using quantitative analysis to sniff out price anomalies that can prove profitable.
The gap over the spot market price widened to more than $8,000.
"We didn't want to make this a thingy," Binance CEO Changpeng Zhao posted Monday on Twitter, a week after making the change.
The industry body is calling for a "coordinated and graduated approach" to the regulation of digital assets throughout the country.
Sunday's price rise follows an unconfirmed report Amazon is looking to accept bitcoin payments by year's end.
Ethereum’s founder will voice a taxidermied cat named Catsington.
Plus: The risks and rewards of Ethereum Improvement Proposal (EIP) 1559.
"It's time, we think, to move on from it," CEO Sam Bankman-Fried said in a tweet.
Much like the deranged lead of "Censor," financial regulators are deluding themselves that centralized control will lead to a crime-free utopia.
Auction houses are struggling to cater to India’s growing appetite for art, and with 624 million internet users in India, NFTs could be the perfect disruptor.
Alabama, Texas and New Jersey are investigating whether the firm's marquee offering violates local securities laws.
The software development studio cited an "evolving regulatory landscape" in making its decision.
The Brazilian judiciary authorized freezing accounts and taking assets from two individuals and 17 companies.
Bitcoin sellers are expected to cover positions, which could lead to higher prices next week.
Although Europe isn't banning anonymous crypto wallets, proposed rule changes could hurt the crypto industry. It's time to fight back.
Jesse Spiro, chief of government affairs at Chainalysis, is heading to PayPal's crypto wing to work on regulatory policy.
The announcement follows just two days after Core Scientific said it planned to list its shares on the Nasdaq via a merger.
Haste is not conducive to the kind of nuanced regulatory approach needed for this fast-growing class of cryptos. Nor is scaremongering about “bank runs.”
The $30 billion pension took stakes in Riot Blockchain and Marathon Digital Holdings in a first for the state.
