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• Why is Bitcoin price down today?

  TL;DR Breakdown Bitcoin continues to survive regulatory waters in the United States, sending ripples (negative and positive sentiments) to the rest of the crypto market. The United States SEC continues its crypto crackdown and market analysts ponder what the SEC will do with Coinbase now that it has involvement with BlackRock and Cboe. Binance Chief Strategy Officer Patrick Hillmann and Vice-President for Compliance Steven Christie leave Binance causing ripple in the crypto market. Description The bullish momentum that propelled the Bitcoin price to a 2023 high of over $31,500 on July 6 has dissipated as investors’ concerns regarding potential interest rate increases have resurfaced.  The Bitcoin price decline momentarily pushed BTC below $30,000, and traders are concerned that Bitcoin miners sending BTC to exchanges could be an indication of … Read more The bullish momentum that propelled the Bitcoin price to a 2023 high of over $31,500 on July 6 has dissipated as investors’ concerns regarding potential interest rate increases have resurfaced.  The Bitcoin price decline momentarily pushed BTC below $30,000, and traders are concerned that Bitcoin miners sending BTC…

  Article 2023年7月9日

• OKX expands into the Middle East with licensing approval

  TL;DR Breakdown OKX has obtained a minimal viable product preparation license from the Middle Eastern division to establish an office in Dubai’s World Trade Center. Tim Byun, OKX’s global head of government relations, stressed Dubai licensing’s importance to the exchange’s global regulatory compliance approach. OKX further ventures into France. Cryptocurrency exchange OKX has obtained a minimal viable product preparation license from the Middle Eastern division, enabling its expansion into the Middle East. The license allows OKX to establish an office in Dubai’s World Trade Center and increase its local workforce to 30 employees. The crypto exchange emphasizes the importance of regulatory compliance and security in the current market climate. OKX to offer spot, futures, and fiat services in Middle East expansion According to reports, cryptocurrency exchange OKX’s Middle Eastern division has obtained a minimal viable product preparation license as part of its expansion plans in the Middle East. In a notice dated June 15, the exchange stated that following the regulator’s licensing permission, the exchange expected to extend its employees in Dubai to 30 persons and had already established an…

  Article 2023年6月18日

• Investors caught in the middle of Biden’s tech restrictions

  TL;DR Breakdown Biden’s restrictions have made U.S. investors cautious about tech investments in China. Investments in China’s tech sector have plummeted this year. The U.S. is focusing on protecting national security and may tighten measures. Description The financial arena has been sent into a whirlwind as President Joe Biden clamps down on U.S. technological investments into China. Investors, once enthusiastic about the tech-rich, booming Chinese market, now find themselves skidding on a slippery slope, deliberating their next moves amidst burgeoning geopolitical tensions. A chilled investment atmosphere When the Biden administration unveiled … Read more The financial arena has been sent into a whirlwind as President Joe Biden clamps down on U.S. technological investments into China. Investors, once enthusiastic about the tech-rich, booming Chinese market, now find themselves skidding on a slippery slope, deliberating their next moves amidst burgeoning geopolitical tensions. A chilled investment atmosphere When the Biden administration unveiled its latest restrictions, it was evident that the days of free and open tech investments between the U.S. and China might be numbered. Investors, who had already been treading cautiously since…

  Article 2023年8月11日

• SNEK token gears up for an exciting July with innovative plans unveiled

  TL;DR Breakdown SNEK Token, a popular Cardano ecosystem token, prepares for an eventful July with key developments. SNEK focuses on creating a deflationary ecosystem with seven burning mechanisms and plans to acquire over 180,000 ADA. The token actively seeks listings on centralized exchanges and expands its affiliate network through partnerships. Description As the Cardano (ADA) ecosystem continues to captivate the crypto community, SNEK Token, one of the most hyped tokens within the network, is gearing up for an eventful July. With its meteoric rise and growing popularity, SNEK has piqued the interest of crypto enthusiasts worldwide, and its latest plans are set to sustain its momentum. … Read more As the Cardano (ADA) ecosystem continues to captivate the crypto community, SNEK Token, one of the most hyped tokens within the network, is gearing up for an eventful July. With its meteoric rise and growing popularity, SNEK has piqued the interest of crypto enthusiasts worldwide, and its latest plans are set to sustain its momentum. In an insightful tweet shared by a member of the SNEK development team, several key developments…

  Article 2023年7月6日

• Glassnode report suggests Bitcoin has strong support under $30,000

  TL;DR Breakdown Glassnode has noted in its report that Bitcoin has strong support under $30,000 due to strong investor holdings. The firm still sees slight problems with the digital asset in the coming months. Description Bitcoin’s supply distribution reveals a robust foundation of investor holdings below the $30,000 level, indicating substantial price support at its current range, according to the on-chain analytics platform Glassnode. In a recently published report, Glassnode highlighted the coin’s profit/loss ratio, which currently stands at 75:25. This means that only a quarter of all Bitcoins were … Read more Bitcoin’s supply distribution reveals a robust foundation of investor holdings below the $30,000 level, indicating substantial price support at its current range, according to the on-chain analytics platform Glassnode. In a recently published report, Glassnode highlighted the coin’s profit/loss ratio, which currently stands at 75:25. This means that only a quarter of all Bitcoins were acquired at prices higher than the current level of approximately $30,000. Glassnode says investor holdings will support Bitcoin under $30,000 Notably, the majority of long-term holders comprise this cohort, comprising either battle-hardened…

  Article 2023年7月13日