According to Binance’s CEO, Changpeng Zhao there exists a psychological barrier at round numbers, like currently at $10k price.He also presented arguments for why he believes the king coin is not priced in for the halving.
The Cardano network update scheduled for 20 February will be an enhanced consensus mechanism, Ouroboros BFT.A median step between the current Byron era and Shelley, the network upgrade allows staking feature on Cardano’s mainnet.
The second descending channel which appeared as a mirror repetition of the first took place over the last 48 hours.With the token already undergoing recovery, based on past performance, the possibility of a re-test at $270.
Yet another Bitcoin drop saw stablecoins come under the microscope.On 19 February, Bitcoin returned to its five-figure mark, this time with the backing of the golden cross.
However, central banks haven’t been free from criticism either with 37 Central Banks, including the United States’ Fed Reserve, getting involved in Quantitative Easing.A march in the direction of the payments industry would see them being regulated as payments, according to the BIS executive.
The crypto-market’s bullish rally has been collectively sour over the past week after major crypto-assets registered significant drops.Ethereum Classic mirrored Bitcoin’s dip in the industry after the token registered a depreciation of 37.
In Latin American countries like Mexico, the lack of economic stability and employment has led to a surge in remittances.In 2019 alone, Mexico’s Central Bank reported Mexican migrants working outside its borders sent home around $36 billion in remittances in 2019.
The largest bank in Japan had previously revealed consideration of the option to use XRP as the shareholders’ benefit options.According to its latest announcement about the implementation, SBI Group said,
“To this end, in addition to the shareholder benefits that were implemented during the interim period, we will provide shareholder benefits at the end of the current fiscal year.
While many in the community continue to speculate about the reason behind Bitcoin’s latest fall, Mark Yusko remains adamant with regard to Bitcoin‘s long-term rally, claiming that he believes it is still bullish.Calling Bitcoin ‘red-hot,’ Yusko went on to suggest that such bullish momentum pre-halving is only to encourage further upwards movement post-halving as well.
Unregulated Futures exchanges, exchanges that boast of higher volumes than their American counterparts, have taken a beating as Bitcoin remained locked in the $9,700 range.The three top Bitcoin Futures exchanges – BitMEX, OKEx, and Huobi, saw their volumes and open interest dip.
Popular websites like Crunchbase continue to list Binance’s headquarters as Malta, with the popular crypto-exchange not raising a single voice against it.With regard to the MFSA, why did the financial authority use this moment to come out with a statement like this?
IOHK introduced an important update on 20 February as an intermediary step before launching the Shelley era functionality on the Cardano mainnet.The team announced the successful implementation of its Ouroboros BFT hard fork that replaced the original consensus protocol Ouroboros Classic [Byron Era].
And according to recent observations, liquidity has reached an all-time high on the XRP/PHP corridor.ph XRP/PHP corridor was reported to be 5.
With Bitcoin holding on to its price and recording sideways movement, the decline in its recent volatility has caused many derivative traders to flee.No doubt the Bitcoin Futures market is reveling in such volatility, with trading activity on regulated exchanges spurring.
The Chainalyis Reactor tool will also help CoinField track and monitor suspicious activity.”
Roberto Valdes, Chief Compliance Officer (AML) at CoinField, further stated that the tool would enable the exchange to monitor large volumes of cryptocurrency activity and identify high-risk transactions continuously.
Following the breach, the coin may rally to breach $9737 as well.The trading volume at $9737 is significant hence, Bitcoin may consolidate between $9737 and $10012.
On February 19, Bitcoin undid the bullish momentum of its golden cross realized a few days earlier.48% of the total TUSD volume was concentrated in this exchange.
The pattern had been taking shape since early October and the bullish breach allowed XRP to scale up by almost 80 percent in 2020.As observed earlier, XRP faced a significant pullback over the past week as the valuation dropped under $0.
Even with Bitcoin adding over a third of its price in 2020, Ethereum still remains the coin to beat.Data from skew markets highlights the 10-day realized volatility for the altcoin moving to 120 percent, at press time.
It is safe to say, Neymar would not be the right person to ask how the crypto collaboration would help him financially.A majority of the football players also lead a short career.