Altcoin Cryptocurrency News

Binance Coin declines by 9.8% following news of geo-blocking US residents from its platform

Binance, one of the world’s largest cryptocurrency exchange, has undergone revamps on its platform which has significantly contributed to the valuation of its native token, BNB. The digital coin surpassed the market cap of $5 billion in a recent report. However, the glory was short-lived as the exchange dropped two bombs within 24 hours. The […]

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Leading ETF Authority Claims SEC Still Gathering Information on Bitcoin (BTC)

In a frustrating move for both institutional and retail investors, the United States Securities & Exchange Commission (SEC) has ruled to delay its decision on Bitcoin ETFs–again. Since mid-2018, Bitcoin Exchange-Traded Funds (ETFs) have been the hot topic of conversation in cryptocurrency and a focal point for the industry in encouraging institutions to invest in Read more…

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Shorts (Finally) Squeeze As Bitcoin (BTC) Settles Around $7,200

Bitcoin Shorts Finally Begin To Liquidate At last, the long-awaited short squeeze has begun to grace Bitcoin (BTC). For those unaware, over the past three or so weeks, the amount of money shorting BTC on platforms like Bitfinex and BitMEX has exploded, as the news regarding Tether and Bitfinex’s potential insolvency and the Binance hack Read more…

Bitcoin Cryptocurrency News

These Factors Are Pushing Bitcoin Price Above $6000

Bitcoin price reached a high of $5930 May 7 as renewed momentum fuelled a market surge towards the significant $6000 barrier. Bitcoin Price Highest Since November 2018 Data from traditionally more conservative price tracker Bitstamp showed BTC/USD trading just under $5900 at press time. The pair reached its highest value since November 2018 earlier on Read more…

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Breaking: Crypto Exchange Bitfinex Looks To Raise $1B With IEO

Crypto Winter Raise Last week, Dovey Wan, the founding partner of Primitive Ventures, revealed that Bitfinex was planning to raise $1 billion through the sale of company-branded crypto tokens and an on-platform initial coin offering, more commonly referred to as an IEO. According to a document obtained by The Block, who cites Zhao Dong, a Read more…

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Binance Coin [BNB] rides second surge wave: 6.05% in an hour

Binance Coin is among the best performing cryptos in 2019. The token’s price surged by a massive 340% since the beginning of the year and doesn’t seem to be nearing an end. However, the coin was undergoing correction at press time, after consistently pumping by 12% over the past 24 hours. The price of BNB […]

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Bitcoin Cryptocurrency News Market

Tether Lawyer Shocker: Only 74% Backed by Cash, How Will Bitcoin React?

CCN.com: According to an affidavit filed with the Supreme Court of the State of New York by Stuart Hoegner, the general counsel to Tether and major bitcoin exchange Bitfinex, only 74 percent of Tether’s holdings are backed by cash. Bitcoin Will Pass $7 Trillion Gold Market Cap, Winklevoss Twins Say “As of the date [April Read more…