Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
News
Crypto Exchanges to Experience Margin Trading Restrictions in Japan
According to reports, Bitcoin and Crypto exchanges in Japan will soon experience limitations on margin trading. The Japan Times pointed out that there are plans to restrict margin leverage to two times the aggregate of the trader’s deposits. The news outlet cited the country’s Financial Services Agency (FSA) as the source. FSA sources noted that the move was a measure against volatile times in the crypto market. It comes after the domestic exchange industry imposed a limit of four times…
5 years ago
Bitcoin Returns in 2020 Could Hit 100% without The Halving Event
The coming Bitcoin halving in May 2020 is making crypto participants focus on the digital currency. Many expect an impressive Bitcoin upsurge after the halving. However, some people believe that Bitcoin’s price will significantly rise, even without taking the halving into account. A recent report revealed that Bitcoin can offer investors 100% returns in 2020. The report further claimed the possibility of Bitcoin rising exponentially, even before the halving happening in May. Crypto Enthusiasts on Factors Affecting Bitcoin Price Fundstrat…
5 years ago
ETH Metrics Suggest the Cryptocurrency’s Upsurge
Recently, analysts are showing bullish moves anticipation for ETH, Bitcoin, and other mainstream digital currencies. These analysts are using a metric that suggests the overall growth of Ethereum’s network in recent months. Such metrics indicate an incline in the Ethereum’s price in the future. On the 8th of January 2020, a Twitter user shared a chart showing Ethereum’s growth is on the upside. Network growth gets defined by the number of new addresses created per day. Since the top of…
5 years ago
Brazilian Leading Commercial Bank May Withdraw Crypto Exchanges Services
A Brazilian bank, known as Banco Bradescohas, recently rejected an agreement hindering the closure of crypto exchanges accounts. Banco Bradescohas’s recent act could mean it is completely cutting ties with the cryptocurrency exchanges. The fact that Banco Bradescohas is a renowned bank in Brazil may negatively affect the country’s cryptocurrency domain after the bank shunned the agreement. In December 2019, the Administrative Council of Economic Defense of Brazil clarified that withdrawal of bank services offered to crypto exchanges is not…
5 years ago
Telegram Says Review of Requested ICO Records by the US SEC will Delay
On the 9th January of 2020, the lawyers representing Telegram said in a court file that preparation of a review of financial records requested by the US SEC will take five to seven weeks. The lawyers said the analysis of data protection laws in various foreign jurisdictions is mandatory, hence remarkably lengthening the process. This court filing noted the need to analyze about 4600 transactions of 770 entities and individuals and ensure that Telegram complies with foreign data privacy laws.…
5 years ago
Bitcoin Miners Utilization of More Sustainable BTC Mining Approaches
Most people have presented their criticisms in light of the BTC mining processes presented as contentious aspects. This is an enlightenment of the sensitive nature that is presented in the BTC mining process. Also, many individuals in society present their financial freedom, all based at the expense of environmental depletion. Following these claims that have been decided by various individuals is also following insights of possessing decentralized currency that shows unbalanced environmental expenses, basing gold as a significant store-of-value that…
5 years ago
CEZA Asia Crypto Valley Makes Arrangements to Build an Airport
The Philippines' Cagayan Economic Zone Authority (CEZA) confirmed its primary objective is the establishment of an inside airport located in the Crypto Valley of Asia. Following this insight, the initial cost that will be incurred in the creation process would be an approximated value that lies between $60 million to about $80 million, based on the claims by the Chief Executive Officer of the organization. The establishment's major significance and realization follow the genuine in-depth understanding of the Crypto Valley…
5 years ago
Bitcoin Faces a Significant Price Decline
The BTCUSD pair recorded a decline after lacking a significant push over the $8,500 hurdle. Currently, the pair is forming support close to the $7,750 to 7,600 level. Furthermore, based on the recent periods and records of the price values, various buyers have indulged in the purchase of the digital currency based on an initiated push that fell under $8,000. It further showed a stabilization under the same zone, presenting the 100-hourly SMA. Current Prices The current prices of the…
5 years ago
Trend Micro Partners with Interpol in Fights against Cryptojacking
Following the press release on the 8th of January this year, the report elaborated on the joint efforts established in collaboration between Trend Micro and Interpol that significantly target the issues dealing with cryptojacking that primarily affects MikroTik routers mostly in the regions of southeast Asia. The impact on the hash rates presented in cryptocurrency mining has not been significantly affected, even based on this act of collaboration between the two organizations. However, there has been a significant reflection on the decreased cryptojacking incidents based on…
5 years ago