Economics

Bitcoin (BTC) Reclaims $43,000 After Short-Term Pump

Source Node: https://beincrypto.com/bitcoin-btc-reclaims-43000-after-short-term-pump/
Time Stamp: September 30, 2021 4:30 AM - Modified On: September 30, 2021 - Published By:
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Bitcoin (BTC) increased slightly on Sept 29 but failed to sustain its upward movement. However, it moved above $43,000 on Sept 30 before dropping back slightly.Sponsored Sponsored BTC has broken out from a short-term descending resistance line and is in the process of moving towards the next closest resistance area. BTC attempts to reclaim resistance BTC is currently attempting to move above the $44,000 area, which previously acted as support but has now turned to resistance. Sponsored Sponsored Technical indicators in the daily time frame are showing some bullish signs, such

Five Biggest Altcoin Gainer Showcase — Sept 19-26

Source Node: https://beincrypto.com/five-biggest-altcoin-gainer-showcase-sept-19-26/
Time Stamp: September 27, 2021 6:36 AM - Modified On: September 27, 2021 - Published By:
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BeInCrypto breaks down the five biggest altcoin movers and shakers from the previous week. Will their momentum continue this week?Sponsored Sponsored The five altcoins that increased the most last week were:  Celer Network (CELR) : 96.76%COTI (COTI) : 47.74%XDC Network (XDC) : 40.08%Ren (REN) : 38.10%Terra (LUNA) : 21.34% CELR CELR has been increasing since breaking out from the $0.093 resistance area on Sept 15. While it deviated below the area (red circle) on Sept 21, it resumed its upward movement at an accelerated rate afterward. Sponsored Sponsored This led to an

Over 80% of Top-100 Public Companies Now Using Blockchain Technology

Source Node: https://beincrypto.com/80-public-companies-blockchain-technology/
Time Stamp: September 24, 2021 7:24 AM - Modified On: September 24, 2021 - Published By:
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Over 80% of the world’s top 100 public companies currently use blockchain technology, according to a survey by market intelligence platform Blockdata. Sponsored Sponsored While interest and adoption by these corporations started as early as 2014, as of September 2021, 81 of the top 100 public companies are using blockchain technology. This figure also includes companies in a research phase, meaning they are exploring opportunities to determine which technology suits them. Different stages of development However, even disregarding those merely at the research stage, there are still 65 companies actively developing

Wall Street-Style Crypto Regulation Coming, Says Kraken Lawyer

Source Node: https://beincrypto.com/wall-street-style-crypto-regulation-coming-says-kraken-lawyer/
Time Stamp: September 24, 2021 6:45 AM - Modified On: September 24, 2021 - Published By:
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The cryptocurrency industry should brace for ‘Wall Street-style’ regulation, according to Kraken Chief Legal Officer Marco Santori.Sponsored Sponsored “You’re just living in a fantasy world if you don’t believe that this industry is going to face heavier, more Wall Street-like regulation from governments in the U.S. and abroad, and Kraken has simply been practical about that future,” Santori told Bloomberg. Authorities have been cracking down on the cryptocurrency industry over the past few months, taking issue with everything from stablecoins to decentralized exchanges to lending products. As warnings mount from state

Bitcoin (BTC) Attempts to Reclaim Crucial $44,000 Level

Source Node: https://beincrypto.com/bitcoin-btc-attempts-toreclaim-44000-level/
Time Stamp: September 24, 2021 4:41 AM - Modified On: September 24, 2021 - Published By:
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After increasing considerably since Sept 21, Bitcoin (BTC) is in the process of reclaiming the $44,000 horizontal area.Sponsored Sponsored BTC is trading inside the upper portion of a descending parallel channel, from which a breakout is likely. However, it’s also facing short-term resistance. BTC attempts to reclaim support On Sept 22, BTC created a bullish engulfing candlestick after bouncing at the 0.5 Fib retracement support level at $40,800.Sponsored Sponsored It resumed its ascent the next day and has moved above the $44,000 area. The area previously acted as support and

Gold, Stocks, and Bitcoin: Weekly Overview — September 3

Source Node: https://beincrypto.com/gold-stocks-and-bitcoin-weekly-overview-september-3/
Time Stamp: September 3, 2021 2:54 AM - Modified On: September 3, 2021 - Published By:
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This week’s price movements for Bitcoin (BTC), gold, and our stock picks, Visa and Coinbase.Sponsored Sponsored BTC Bitcoin seems to have fared middling-well over the past two weeks, as it achieved $50,000 again for the first time since May but seems to have met resistance at this point since then.  Trading around $45,000 on August 19, BTC then rose to $47,000 by the next day, $49,000 the day after that, finally surpassing the $50,000 mark on August 23. Having hit a target price point, BTC naturally met with selling pressure

UK Crypto Exchange Receives Approval From FCA

Source Node: https://beincrypto.com/uk-crypto-exchange-receives-approval-from-fca/
Time Stamp: September 2, 2021 10:02 AM - Modified On: September 2, 2021 - Published By:
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UK-based cryptocurrency exchange Coinpass received approval from the country’s Financial Conduct Authority (FCA) to operate as a crypto assets company.Sponsored Sponsored This makes Coinpass among the first UK-based crypto exchanges to have fully registered with the FCA, according to Coinpass Chief Executive Jeff Hancock. FCA registration The FCA became the anti-money laundering and counter terrorist financing supervisor of crypto asset firms in January. Since then, crypto firms have had to register with the FCA before doing business. Until now, the FCA had only registered six firms with dozens more still

BIS Tests CBDCs for International Settlements Between Several Countries

Source Node: https://beincrypto.com/bis-tests-cbdcs-for-international-settlements-between-several-countries/
Time Stamp: September 2, 2021 8:30 AM - Modified On: September 2, 2021 - Published By:
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The Bank for International Settlements (BIS) is cooperating with several countries to test the use of central bank digital currencies (CBDCs) for international settlements.Sponsored Sponsored In participation are the central banks of Australia, Malaysia, Singapore and South Africa. The experiment could lead to a more efficient global payments platform. ‘Project Dunbar’ Led by BIS’ Singapore Center, “Project Dunbar” aims to develop prototype shared platforms for cross-border transactions using multiple CBDCs. This would allow financial institutions to transact directly with each other using the digital currencies. Consequently, this would eliminate the

Bitcoin Depot Among Inc. Magazine’s 5000 Fastest Growing Companies

Source Node: https://beincrypto.com/bitcoin-depot-inc-magazines-fastest-growing-companies/
Time Stamp: September 2, 2021 6:30 AM - Modified On: September 2, 2021 - Published By:
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For the second year in a row, Bitcoin Depot appeared in Inc. Magazine’s list of 5000 fastest-growing private companies.Sponsored Sponsored The world’s largest and fastest-growing crypto ATM network, ranked No. 357 on the list, after its spot at No. 1,103 last year. President and CEO of Bitcoin Depot Brandon Mintz highlighted that the recognition coincided with the five-year anniversary of the company.  “Given last year’s unexpected circumstances and the pandemic environment, we were fortunate that we were able to continue building our brand while serving the underbanked community on a

Top-10 Aspiring Altcoins to Watch in September

Source Node: https://beincrypto.com/top-10-aspiring-altcoins-watch-september/
Time Stamp: September 2, 2021 6:12 AM - Modified On: September 2, 2021 - Published By:
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This article will take a look at ten cryptocurrencies that have interesting developments lined up for the month of September, which could also have a positive effect on their price.Sponsored Sponsored Cardano (ADA) Current Price: $3.03Market Cap: $91 BillionMarket Cap Rank: #3 Cardano was founded in 2017 by Charles Hoskinson, who is also a co-founder of Ethereum (ETH). It is a proof-of-stake platform, whose native token is ADA. It is one of the biggest blockchain platforms to utilize the proof-of-stake instead of the proof-of-work consensus. The Alonzo testnet was launched

Bitcoin (BTC) Breaks Out Towards $51,200 Resistance

Source Node: https://beincrypto.com/bitcoin-btc-breaks-out-towards-51200-resistance/
Time Stamp: September 2, 2021 4:50 AM - Modified On: September 2, 2021 - Published By:
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Bitcoin (BTC) broke out from a descending parallel channel on Sept 1 and is attempting to move above the $51,200 horizontal resistance area.Sponsored Sponsored Due to mixed readings from technical indicators, we cannot accurately determine if BTC will be successful in breaking out the first time. However, an eventual breakout is likely. Short-term breakout BTC had been trading inside a descending parallel channel since Aug 29. Such channels usually contain corrective structures. Sponsored Sponsored After sweeping the lows on Sept 1, BTC broke out later during the day. So far, it