Since April 11, every time Bitcoin dropped to levels around $39,665, it reversed. That’s because there is support there. Support is a large group of investors who are all looking to buy something at, or close to, the same price level. At support levels, there are typically more buyers than sellers. The demand from the…
Binance Forges NFT Tie-Up With Indian Government’s Top Tech Institute Amid Crypto Regulatory Clampdown
Amid the regulatory hammer on digital assets like Bitcoin, Ethereum, Shiba Inu, and Dogecoin, the Indian government-run IIT Delhi has partnered with Binance to provide non-fungible token (NFT) tickets during its upcoming three-day cultural fest. IIT Delhi’s ‘Rendezvous’ fest is scheduled from April 24–26. According to India’s Mint business newspaper, IIT Delhi representatives said the partnership with Binance will allow students to learn…
Crypto Exchange Currency.com Registers With FinCEN: A New Compliant US Crypto Exchange
April 22, 2022
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Cryptocurrency and tokenized asset exchange Currency.com set its foot in the United States following registration with the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) as a money services business. In an announcement shared with Benzinga on Thursday, Currency.com announced that it will launch in 48 states and territories across the United States and…
Russia’s Billion Dollar Crypto Market Targeted by US for Evading Sanctions
Russia’s billion dollar crypto market is facing new scrutiny from the West in response to Moscow’s invasion of Ukraine amid warnings that digital currencies are being used to help evade economic sanctions. The U.S. Department of the Treasury on April 20 announced the names of entities and individuals in Russia that it says have been involved in attempts to evade sanctions…
Here’s Why Ethereum Looks Set for a Trend Change
Ethereum was trading almost 2 percent higher at one point on Tuesday, which caused the cryptocurrency to rise up above the April 16 high of $3,086.83, negating a downtrend pattern Ethereum had been trading in since April 3. Although Ethereum will need to print a higher low above Monday’s low of $2,880, the crypto has made…
No, Australian Commonwealth Bank Isn’t Tying With Any Exchange For Trading of Bitcoin or Any Crypto
April 20, 2022
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Australian Commonwealth Bank warned of a fake news article circulating on Meta Platforms, Inc’s Facebook and other social media platforms. The article alleges that the multinational bank has partnered with a trading platform in order to encourage people to invest in cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. The country’s top lender further added that it has reported the…
Here’s Why This Bitcoin Analyst Thinks BTC Is Approaching a Critical Juncture
Prominent cryptocurrency analyst Benjamin Cowen has shared his thoughts on his YouTube channel about Bitcoin’s future direction. What Happened He tells his over 725,000 subscribers that Bitcoin is putting in higher lows in a pattern that resembles other periods in BTC’s history. “There have been a couple of times where we’ve seen a similar type of…
Biggest Ethereum Whale Acquires $223 Billion Shiba Inu Worth Over $5.7 Million; Ranks Top Holding Of Largest ETH Wallets
WhaleStats recently reported that Ethereum (CRYPTO: ETH) whale “BlueWhale0073,” which is the fifth-largest ETH whale, has bought more than 223 billion Shiba Inu (CRYPTO: SHIB) worth over $5.7 million. Along with that, large traders have purchased a significant amount of SHIB which made it one of the most purchased assets in the last 24 hours….
Bitcoin Slumps to Lowest Monthly Level, ‘Could Get Ugly’ If $38,000 Point Breached
Bitcoin has fallen to its lowest level in about a month, with prices dropping to $38,580 on April 18 as investors remain risk-averse to the digital currency and uncertainties mount over demand for these coins. After exceeding $68,500 in November 2021, Bitcoin prices fell below $33,500 in January 2022. Since Russia invaded Ukraine, the cryptocurrency…
Japan’s Yen Bounces Briefly After Kuroda Comments
SINGAPORE—The yen won a brief reprieve after hitting fresh two-decade lows from Japanese policymaker comments on Monday, even as holidays confined the U.S. dollar to narrow ranges against most other currencies. The yen fell to a two-decade low of 126.795 in early Asian trading, before both Bank of Japan Governor Haruhiko Kuroda and Finance Minister…
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