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Insolvency not in 'Nexo's reality,' says co-founder during AMA

Co-founder Kalin Metodiev stated that comparisons between Celsius, Voyager and Nexo are “very far from reality” and that the firm is focused on building in a sustainable way.

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Bitcoin (BTC) Price Won’t Surge Above $30K in 2022 – Predicts Mike Novogratz

The post Bitcoin (BTC) Price Won’t Surge Above $30K in 2022 – Predicts Mike Novogratz appeared first on Coinpedia Fintech News
On Tuesday, Bitcoin finally overcame the psychological threshold of the $20,000 milestone after nearly ten days. BTC experienced a steep decline after reaching a peak of $22,540 earlier in September. While analysts are positive about BTC’s journey ahead, Mike Novogratz’s forecast of Bitcoin’s price is quite optimistic.  Chief Executive Officer of Galaxy Investment Partners Novogratz …

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Why It’s Important To Build Stablecoins On Bitcoin

Lightning Labs is building the ability to use stablecoins on the Lightning Network using the new Taro protocol due to demand in emerging markets.

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Elon Musk To Finally Acquire Twitter! Will Dogecoin Be The Official Currency for Twitter Now?

The post Elon Musk To Finally Acquire Twitter! Will Dogecoin Be The Official Currency for Twitter Now? appeared first on Coinpedia Fintech News
News of Elon Musk’s Twitter acquisitions have resurfaced online and there is speculation that Dogecoin (DOGE) could replace the US dollar as Twitter’s official native currency. Recent reports from Bloomberg claim that Musk has offered to purchase Twitter for the first bid price of $54.20 per share. Some members of the DOGE Army on Twitter …

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TA: Bitcoin Price Reclaims $20K, Why This Could Be The Start of Larger Rally

Bitcoin price gained pace for a move above $20,000 against the US Dollar. BTC is showing positive signs and might rise further above $20,500. Bitcoin started a steady increase above the $19,200 and $19,500 resistance levels. The price is trading above $20,000 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $20,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is gaining pace and might rally further above the $20,500 level. Bitcoin Price Gains Pace Bitcoin price formed a base above the $19,000 level and started a steady increase. BTC was able to clear the $19,500 and $19,650 resistance levels. The bulls were able to pump the price above the $20,000 resistance zone. The price traded as high as $20,475 and the price is now correcting gains. It is trading above $20,000 and the 100 hourly simple moving average. Bitcoin is now slowly moving lower below $20,400. It is trading well above the 23.6% Fib retracement level of the upward move from the $18,937 swing low to $20,475 high. There is also a connecting bullish trend line forming with support near $20,000 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com On the upside, an immediate resistance is near the $20,450 level. The next major resistance sits near the $20,500 zone. A clear move above the $20,500 resistance might start another increase. In the stated case, the price could even surpass the $21,200 resistance zone. The next major resistance is near the $22,500 zone. Dips Limited in BTC? If bitcoin fails to rise above the $20,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $20,100 zone. The next major support is near the $20,000 zone and the trend line. A downside break below the trend line might send the price towards $19,700. It is near the 50% Fib retracement level of the upward move from the $18,937 swing low to $20,475 high. The main support is near $19,500, below which the price might drop to $19,200. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $20,100, followed by $20,000. Major Resistance Levels – $20,500, $21,200 and $22,500.

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Anchorage co-founder sees 'tons of opportunity' as it expands into Asia

Anchorage Digital has marked its plans for expansion into the Asian crypto market, with co-founder Diogo Mónica noting that Singapore is just a starting point.

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SEC Chair Gensler Insists Most Crypto Tokens Are Securities — Says ‘the Law Is Clear’

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated that most crypto tokens are securities, emphasizing that “the law is clear on this.” However, the Commodity Futures Trading Commission (CFTC) has asked Congress for authority over crypto spot markets and several bills have been introduced in Congress this year to […

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Federal regulators are preparing to pass judgment on Ethereum

The Securities and Exchange Commission is moving to take action against Ethereum that reaches far beyond America’s borders.

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How Nation-States Will Use Bitcoin In The Power Projection Game

Bitcoin miners are the next level of power projection as they reinforce an incorruptible network that cannot be usurped by a single entity.

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Three Arrows Capital fund moves over 300 NFTs to a new address

According to blockchain provider Nansen, hundreds of NFTs have been moved from the 3AC-linked fund to a Gnosis Safe address.

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