Bitcoin’s latest pullback triggers heavy liquidation of leveraged long positions. According to the delta cap metric, Bitcoin’s macro bottom was looming. Bitcoin [BTC] has finally given in to capitulation after struggling to bounce off from support in the $23,000 range. A closer look at the dynamics of its latest bearish outcome revealed that long liquidations may […]
Uniswap wants to launch mobile wallet but Apple won’t green-light it’s launch
Despite having its first build approved in October, Uniswap Labs is facing issues with Apple’s App Store regarding its mobile wallet.
Bloomberg analyst says it is time to short crypto
According to Mike McGlone, a senior commodities strategist at Bloomberg Intelligence, it may be premature to declare the bear market for cryptocurrencies over.
Bitcoin On-Chain Activities Are Soaring Against the Regulatory Tide: Report
The introduction of NFTs on the blockchain has increased on-chain transactions to record highs. The rising network usage comes despite the heavy-handed regulations in the US. Bitcoin’s network activity is witnessing a surge in on-chain activity despite stringent market regulations, especially in the US. Analytics firm Glassnode published a report Monday showing a positive sentiment […]
Leading UK Banks With Hefty Restrictions on Crypto Purchases (Report)
HSBC, Nationwide Building Society, and other banking heavyweights in the UK are reportedly implementing a new set of restricting rules aimed at purchasing cryptocurrency. The move comes amid a chaotic year for the crypto industry, which witnessed the failure of several industry giants. Same Old Song According to a Bloomberg coverage, the biggest banking institution […]
DeFi to be examined at inaugural CFTC tech advisory meeting: Finance Redefined
French police arrested two individuals in connection with the Platypus exploit in the month of February.
Bitcoin And Ethereum Are on The Right Track, Asserts Ark Invest’s Cathie Wood
Cathie Wood, founder and CEO of American investment management firm Ark Invest has praised Bitcoin and Ethereum, noting that despite suffering sharp price drops following the collapse of FTX, they were both “on the right track.” Speaking in a Monday interview, Wood’s posited that the fact that the technical aspects of the two cryptocurrency networks […]
Tether Used Fake Documents to Open Bank Accounts: WSJ
A Friday WSJ report claims the stablecoin issuer had some shadowy backers.
Tether (USDT) responds to report on using falsified documents to open bank accounts
WSJ report alleges Tether of using falsified documents and shell companies to have access to banking services Tether responds to the report by calling it misleading and inaccurate Tether, the issuer of the largest stablecoin, has called the Wall Street Journal report “wholly inaccurate and misleading. The WSJ report accused the firm of using falsified […]
Market shift taking place as Bitcoin returns to exchanges
Quick Take The FTX collapse demonstrated the need to self custody your crypto, a trend that CryptoSlate has monitored for quite some time. However, a shift occurred in February that saw coins return to the market, which saw a build-up of open interest and a fairly flat price structure for Bitcoin in February. This saw […]