Crypto Fear and Greed Index Shows Market Sentiment Remains Fearful

Jan 7, 2023

After the Crypto Fear and Greed Index (CFGI) dropped to significant lows and pointed to “extreme fear” in crypto markets at the end of May, and throughout most of June, today the CFGI rating is still in the “fear” zone, but it has seen an improvement. On June 19, the CFGI rating tapped a low score of 6 which means “extreme fear,” and 61 days or two months later, the CFGI rating now shows a score of 33 or “fear.” CFGI Ranking Score Shows Crypto Winter Continues to Keep Inves ...read more

TA- Price Of Ethereum Struggles To Hold $1,700, Are Bears Taking Over?

Jan 7, 2023

The price of Ethereum (ETH) has struggled against Tether (USDT) in the past few days, with more downtrend than the bullish sentiment seen in recent weeks.  Despite outperforming Bitcoin (BTC) in recent weeks, the price of Ethereum has found itself in key zones that would decide its major move. Related Reading: Ethereum Price Slides As Staked Token Reaches New ATH Ahead Of Hyped Merge Ethereum (ETH) Price Analysis On The Weekly Chart From the chart, the price of ETH saw a weekly low of $1,020, w ...read more

Kaiko Report Shows Latam Harnessing Crypto Mostly for ‘Real World’ Use Cases

Jan 7, 2023

The latest data debrief issued by Kaiko, a provider of digital assets market data, has found that while there is retail movement in Latam regarding crypto assets, most liquidity is directed to “real world” use cases. Among these activities are remittances, stablecoin-based yield generating investment options, and also payments, with Bitso and Mercado Bitcoin being the leaders in volumes traded in the area. Latam Focuses on Crypto Differently, According to Kaiko Much has been said about ...read more

149,961 Bitcoin Addresses Hold at Least 10 BTC

Jan 7, 2023

Despite the latest correction in the crypto market, the total number of Bitcoin whales has increased substantially in the last few months. On 18 August, the number of BTC addresses with at least 10 coins touched 149,961, which is the highest level since February 2021. In addition to the latest surge in large BTC addresses, the Bitcoin supply that was last active approximately 10 years ago touched an all-time high on Thursday. According to Glassnode, a leading on-chain analytics platform, more t ...read more

Ethereum Price Slides As Staked Token Reaches New ATH Ahead Of Hyped Merge

Jan 7, 2023

Despite changes in the asset’s price, Ethereum is steadily adding to the ETH 2.0 staking contract. According to the development team, this occurs about a month before the Merge is scheduled to occur. Ethereum Staked Token Hit New ATH According to Dune Analytics data, more over 13.2 million ETH have been deposited to the staking contract, however there are only about 80,000 unique depositors. ETH Staked on ETH 2.0 Contract. Source: Delphi Digital The graph above shows how ETH’s amount lo ...read more

South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’

Jan 7, 2023

According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean financial institutions should avoid or eliminate risks via the wholesale termination of client relationships with entities such as crypto asset service providers. Instead, the regulator wants financial institutions to only consider “de-risking” when the “risk posed is too great to manage successfully.” A Threat to Financial Integrity South ...read more

TA: Ethereum Uptrend Vulnerable Unless It Surges Past $1,900

Jan 7, 2023

Ethereum extended losses below the $1,820 support against the US Dollar. ETH could decline further if it fails to start a recovery wave above the $1,900 level. Ethereum started a fresh decline and traded below the $1,900 level. The price is now trading below $1,880 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,880 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if there is a clear move b ...read more

Philippine Regulator Warns the Public of Engaging With Foreign Crypto Service Providers

Jan 7, 2023

The central bank of the Philippines, the primary regulator of the country’s crypto sector, has warned investors about engaging with unregistered and foreign crypto service providers. They “may present additional challenges on enforcing legal recourse and consumer protection and redress mechanisms for local customers, among others,” the regulator said. The Philippine Central Bank’s Crypto Warnings The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), issued a pub ...read more

TA- Binance Coin Price Fails To Break $337, Have Bulls Given Up?

Jan 7, 2023

The price of Binance Coin (BNB) has struggled to break above $337 against Tether (USDT) after being rejected from that region.   Binance Coin price in the past few weeks outperformed the price of Bitcoin (BTC) but has not been able to match the strength it has shown earlier to break above this resistance and trend higher.  Related Reading: Axie Infinity Drops 4.7% In Last 24 Hours As AXS Struggles In The Red Zone Binance Coin (BNB) Price Analysis On The Weekly Chart From the chart, the price ...read more

ECB Creating a Harmonized Regulatory Framework Governing Crypto Activities and Services

Jan 7, 2023

The European Central Bank (ECB) is working to harmonize the regulatory framework governing crypto activities and services in the EU. The regulator noted that several regulatory initiatives at the European and international levels are being finalized. ECB’s Regulatory Plan for Crypto Assets The European Central Bank (ECB) outlined its plan to harmonize the regulatory framework governing crypto activities and services in the EU Wednesday. The regulator explained that banks are increasingly ...read more

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