Bitcoin Price ‘Boring and Fragile’ as Trader Plans for Dip Below $7K

[ad_1] Bitcoin (BTC) continued its broad downtrend towards $7,000 support on Dec. 12, failing to break out of a behavioral pattern that has left traders uninspired.Cryptocurrency market daily overview. Source: Coin360Bitcoin could face “significant drop”Data from Coin360 showed BTC/USD trading down around 1.2% on the day, with only a brief spike to $7,265 punctuating the otherwise lackluster performance.The sudden uptick met with selling pressure within minutes, markets tanking to local

Tezos Rally Fizzles After 100% Gain — Likely Top for XTZ/BTC Appears

[ad_1] Lately, Bitcoin (BTC) price has been trading in a range that favors bears and this has led traders to shift their focus to altcoins.Interestingly, there has also been some very volatile price action taking place over the past 24-hours, especially with Binance Initial Exchange Offerings (IEOs) like Matic Network (MATIC) which dropped 60% on Dec. 9. This drop led several other Binance IEO’s to dump and a handful of

Accounting Advisor and Crypto Startup to Jointly Launch Crypto Tax Tool

[ad_1] Accounting advisor CPA.com and cryptocurrency accounting automation startup Lukka partnered to jointly launch a crypto asset tax preparation tool.CPA.com announced the partnership with Lukka in a press release published on Dec. 9. Per the release, the “LukkaTax for Professionals” crypto asset preparation tool for accountants aims to address issues currently faced by companies in the crypto industry.Specifically, CPA announced plans to start providing services for valuing digital assets and

Bitcoin Price Fills $7.5K Futures ‘Gap’ as Trader Weighs $8K Potential

[ad_1] Bitcoin (BTC) fluctuated around $7,500 on Dec. 9 after a weekend of range-bound movement reduced volatility concerns for traders.Cryptocurrency market daily overview. Source: Coin360Bitcoin delivers classic futures “bounce”Data from Coin360 and Cointelegraph Markets showed the largest cryptocurrency trading in a $250 corridor since Friday, marking local highs of $7,604 before briefly reversing to $7,395 on Sunday.Since then, the $7,500 boundary has acted as a centerpiece for Bitcoin, which comfortably

Top-5 Cryptos This Week: XTZ, ATOM, XRP, XMR, BNB

[ad_1] The New York Digital Investment Group LLC (NYDIG) has received approval from the United States Securities and Exchange Commission (SEC) to offer its shares to institutional investors, including registered investment advisers, their clients and other eligible investors. The fund aims to invest in cash-settled BTC futures traded on exchanges that are registered with the U.S. Commodity Futures Trading Commission. Though the increasing number of offerings by various companies targeting the

SEC Requests UK’s Intervention to Force Telegram’s Advisor to Testify

[ad_1] The United States Securities and Exchange Commission (SEC) asked the High Court of England and Wales to force Telegram’s former chief investment advisor John Hyman to testify in the case over the firm’s Grams tokens offering.Industry news outlet Coindesk reported on Dec. 7 that the SEC’s request was revealed by documents filed by the regulator with the U.S. District Court for the Southern District of New York yesterday. Security or

Coinbase Card Rolls out DAI as First Supported Stablecoin: Official

[ad_1] Coinbase Card, a crypto-powered Visa debit card from major crypto exchange Coinbase, now supports Dai (DAI), a stablecoin pegged to the United States dollar.According to a blog post on Dec. 6, Dai is the first stablecoin that is available on Coinbase Card, alongside major cryptocurrencies such as Bitcoin (BTC) and Litecoin (LTC).As 1 DAI is equivalent to $1, the addition of the stablecoin to the Coinbase Card aims to

Bitcoin Recovers from Below $7.2K After Schiff Says ‘Game Is Over’

[ad_1] Thursday, Dec. 5 — cryptocurrency markets have continued to trade sideways, with 18 of the top 20 coins by market cap seeing notable losses at press time.After Bitcoin (BTC) attempted another recovery yesterday to break above $7,500, the biggest cryptocurrency has dipped below the $7,200 threshold again today.Among the few coins that report some green at the time of this writing, Unus Sed Leo (LEO) is seeing the biggest

France to Test Its Central Bank Digital Currency in Q1 2020: Official

[ad_1] The central bank of France plans to pilot a central bank digital currency (CBDC) for financial institutions in 2020. François Villeroy de Galhau, the governor of the Bank of France, announced that the bank will start testing the digital euro project by the end of the first quarter 2020, French financial publication Les Echos reports Dec. 4.The Bank of France confirmed the news on Twitter, noting that the announcement

Gemini Hires Former Starling Bank Exec for Push Into Europe

[ad_1] Gemini, the top global cryptocurrency exchange per CryptoCompare’s latest Exchange Benchmark, hired a former senior executive from United Kingdom-based Starling Bank.Julian Sawyer, a former CEO and co-founder at Starling, will now lead Gemini Europe — the European affiliate of Gemini Trust Company — as the managing director of the U.K. and Europe, the firm announced Dec. 4.Over 20 years in high-growth financial services organizationsAccording to an announcement by Gemini