23 C
New York

Tag: Bitfinex

Declining Crypto Prices: Is Shorting Crypto a Good Idea?

There is no way to sugar-coat the fact that crypto prices are down in the dumps, and many of our favourite assets are falling...

Top News

SEC Chair Gary Gensler Says Crypto Exchanges Are Betting Against Their Own Clients: Report

U.S. Securities and Exchange Commission (SEC) chair Gary Gensler says the way crypto exchanges are structured could work to the disadvantage of users. In a...

Bukele Visibly Upset That Binance Founder Is Linked To El Salvador’s Bitcoin Bond

El Salvador President Nayib Bukele has condemned a Reuters report that claimed Binance founder Changpeng ‘CZ’ Zhao wants to assist the country’s Bitcoin Bond. “Please [...]

President Bukele hits out at Bitcoin Bond ‘FUD’ as CZ jets in to El Salvador

Tag Template - News Hub PRO

El Salvador’s President Nayib Bukele publicly called out Reuters for spreading “FUD” about delays in the country’s $1 billion 'volcano bond.'

Binance ‘s CEO Visits El Salvador. What Will He Meet President Bukele About?

binance-‘s-ceo-visits-el-salvador.-what-will-he-meet-president-bukele-about?

It was about time that Binance ’s CEO, Changpeng Zhao, visited El Salvador. His company is the biggest cryptocurrency exchange in the world and El Salvador is the first country to adopt bitcoin as legal tender, why did this take so long? According to the Secretariat of Communications of the Presidency of the Republic of…

The post Binance ‘s CEO Visits El Salvador. What Will He Meet President Bukele About? appeared first on Bitcoin News Miner.

El Salvador’s finance minister says the country is ready to issue a bitcoin bond, but the launch date remains unclear

El Salvador’s finance minister says the country is “ready” to issue its first so-called bitcoin bond, but still waiting for the right moment to do so.

The post El Salvador’s finance minister says the country is ready to issue a bitcoin bond, but the launch date remains unclear appeared first on The Block.

Sanctions, censorship, and ESG: Is Bitcoin still fungible?

With governments in Russia and Canada sanctioning specific crypto addresses, concerns arise over the slow erosion of Bitcoin's fungibility.

The post Sanctions, censorship, and ESG: Is Bitcoin still fungible? appeared first on Protos.

Tag Template - News Hub PRO

Bitcoin Detractor Peter Schiff Lays On What Will Trigger Bitcoin Recovery

Peter Schiff is one of the most vocal bitcoin detractors known to investors. The economist has never been one to hide his disdain for the digital asset and continues to bash it at every chance he gets. This time around, Schiff who has always touted the superiority of other investment forms such as stocks above bitcoin has revealed what he thinks will cause the digital asset to rally upwards again. Bitcoin Needs The Nasdaq As always, Peter Schiff continues to push the usefulness of other assets like stocks over that of bitcoin. In his latest tweet on Twitter, the preferred platform for the economist to share general comments about the financial platform and bitcoin, he has explained a scenario where the price of bitcoin would begin to go up. Related Reading | Bitcoin Shorts Decline On Bitfinex, Players Brace For Upward Trend? Schiff explained that for BTC to once again begin another uptrend, it depends largely on the movements of gold and the NASDAQ. The economists put forward that an increase in the NASDAQ would inadvertently lead to an increase in the price of bitcoin. On the flip side, gold, which is currently one of the digital asset’s fiercest competitors, would need to go down, said Schiff. BTC settles above $39k | Source: BTCUSD on TradingView.com Explaining further, he laid out that the Fed’s success in bringing down the growing inflation rate was pertinent to this. As long as the Fed is able to safely bring the inflation rate back down to 2% and not harm the economy in the process, then the scenario explained above was likely. For this to happen, there needs to be “minimal rate hikes and big cuts to government spending,” the tweet read. But Why Buy BTC? In normal Schiff fashion, the economist did not show any type of support for BTC despite believing that the price would go up along with the NASDAQ. For Schiff, in a scenario like this, there would simply be no need to buy bitcoin, stating “in that scenario why own Bitcoin?” Related Reading | Ethereum Gas Fees Hit 8-Month Lows As Price Continues To Struggle For #Bitcoin to go up the NASDAQ must go up and #gold must go down. For that to happen the #Fed must succeed in bringing #inflation down to 2% without harming the economy, which requires minimal rate hikes and big cuts to government spending. But in that scenario why own Bitcoin? — Peter Schiff (@PeterSchiff) March 14, 2022 Schiff has never been a fan of bitcoin and despite the digital asset’s outperformance over the years, continues to diss it at every turn. In 2020, the economist is noted referring to the cryptocurrency as the “biggest” bubble he’s ever seen. In the same year also making comments that BTC was a “fad” and was on its way down to zero. However, since both of these comments were made, bitcoin has more than doubled in value. Featured image from Decrypt, chart from TradingView.com

Cardano (ADA) Price Analysis: Key Breakout With Hurdle Near $0.82

ADA price declined below $0.85 and $0.82 against the US Dollar. The price is now trading below $0.82 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.800 on the 4-hours chart (data feed via Bitfinex). The price could start a recovery wave if there is...

The post Cardano (ADA) Price Analysis: Key Breakout With Hurdle Near $0.82 appeared first on Live Bitcoin News.

El Salvador could launch its bitcoin bond next week, but some key details remain unclear

Quick Take

  • An El Salvador official says the country is still considering a timeline between March 15 and March 20 to launch its bitcoin bond, although the war in Ukraine is a factor that could affect the timing.
  • Bitfinex Securities is still waiting for the green light to apply for a license, a crucial step ahead of launching the first bitcoin bond.

Prominent Exchange Bitfinex Clears Out Stand Against Allowing Russian Citizens

Prominent Exchange Bitfinex Clears Out Stand Against Allowing Russian Citizens

Bitfinex would not freeze the accounts of regular Russian consumers until it is obliged. Ardoino believes that barring all Russian

The post has appeared first on thenewscrypto.com

Bitcoin Jumps To $40k As Putin Sees “Positive Movement” In Negotiations

Bitcoin has reclaimed the $40,000 mark in the last hour, following indications of progress in discussions between and Ukraine amid the ongoing conflict. Russian President Vladimir Putin stated that “positive movement” was being made in the negotiations on a “daily basis.” Russia is facing penalties from Western countries, among others, as world leaders criticize the invasion of Ukraine. Bitcoin Spikes Following Putin Remarks The spike came in the wake of new comments from Russian President Vladimir Putin, who indicated in a meeting with his Belarussian counterpart, Aleksandr Lukashenko, that there had been “positive shifts” in the Ukraine dynamic. Putin said improvements has been made in the talks between the Kremlin and Ukraine: “There are certain positive shifts, negotiators on our side tell me.” BTC/USD trades close to $40k. Source: TradingView Putin’s remarks boosted global markets. Futures on the S&P 500 rose 1.31%, while futures on the tech-heavy Nasdaq 100 rose 1.65%. Sentiment in Europe was higher, with the DAX in Germany rising 3.41% and the Stoxx Europe 600 rising 2.09%. At the time of writing, BTC/USD volatility remained high, with bulls aiming to break through $40,000 resistance more convincingly. The increasing volatility had an effect on liquidations as well, with over $24 million in leveraged positions being wiped off the market in the last hour alone. The largest single liquidation order was on Bybit, worth about $6 million. Explosive growth in #Bitcoin bitfinex shorts hate to say it, capitulation incoming pic.twitter.com/FTQGt41UBQ — Cole Garner (@ColeGarnerXBT) March 11, 2022 Related Reading | Bitcoin On Course To Hit $100K Nine Months From Now, Bitbull CEO Predicts Traders Unsure Of Market The cryptocurrency market remains volatile. Bitcoin rose from $38,600 in European morning hours to little more than $40,200 after Putin’s remarks were made public. Ethereum, XRP, and Solana’s SOL all gained 2.4% in the last hour, while Polkadot’s DOT led advances with an 8% rise in the last 24 hours. However, it’s worth mentioning that Russian troops are rumored to be gathering around Kyiv, and some foresee a possible effort to encircle the capital. Adam Cochran, a well-known crypto critic and analyst, commented on the contradicting signals, saying: “Markets are so thin and so desperate for relief that we’re moving on vague positive news in the Russia-Ukraine conflict while both sides also release worsening statements and escalating action.” Bitcoin stayed at the lower end of its established trading range, with the area north of $42,000 proving impossible to hold for long in 2022. The latest price action, however, was a godsend for some traders, with popular Twitter account Anbessa informing followers that everything was going as planned. $BTC/USD Update 📈✅ 🔹bullish divergence playing out ✔️🔹4th entry -> 4 bounce up 3% pic.twitter.com/QqZnheFLyQ — AN₿ESSA (@Anbessa100) March 11, 2022 The deterioration of Ukraine’s position has sent shockwaves through global markets. This week, India saw a massive outflow of foreign capital worth billions of dollars, while Brent crude hit $140 per barrel. Related Article | Billionaire Investor Says Crypto Outlook Is ‘Very Bullish’ For Bitcoin Featured image from Getty Images, chart from TradingView.com

To ATH or not to ATH; here’s what’s next for Maker in the weeks ahead

Maker: Faces resistance all the way to $1840, bulls need to flip this crucial level soonDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Massive short positions on Bitcoin were opened on Bitfinex in the hours prior to press time. This could be a hint that smart money was building a position in expectation of a large drop in […]
Tag Template - News Hub PRO

Recent articles

spot_img