$1 Billion of USDT Is Sitting on Binance, and That’s Big for Crypto
Crypto news

$1 Billion of USDT Is Sitting on Binance, and That’s Big for Crypto

Over the past few months, Tether’s USDT stablecoin has become increasingly important to the crypto market; the asset’s market capitalization has swelled as it has surged in adoption, now amounting for much of Ethereum’s network traffic. Due to the growth, tracking the movement of USDT has given investors novel signals as to potential market trends….

Ethereum Firm Launches Controversial Product, and the Crypto Community Isn’t Pleased
Crypto news

Ethereum Firm Launches Controversial Product, and the Crypto Community Isn’t Pleased

Whether you’re in the Bitcoin camp, the Ethereum camp, or otherwise, privacy has long been important to members of the cryptocurrency community. Heck, Satoshi Nakamoto, creator of the first cryptocurrency, did almost everything in his power to secure his identity, and some of the smartest people in this space don’t share their real name or…

G20 calls stablecoins a systemic risk – Disaster for Bitcoin and crypto?
Crypto news

G20 calls stablecoins a systemic risk – Disaster for Bitcoin and crypto?

Source: KrzysztofG – Shutetrstock The G20 Financial Stability Board (FSB) has published a study on stablecoins, according to which they have the potential to be a threat to the global financial system. A ban on stablecoins could have significant consequences for the Bitcoin and the entire markets, given their importance in the crypto ecosystem. The…

This Crypto Could “Launch” Higher as it Forms Highly Bullish Technical Pattern
Crypto news

This Crypto Could “Launch” Higher as it Forms Highly Bullish Technical Pattern

Throughout the past several months, Tezos has been one of the crypto market’s most bullish tokens, incurring some explosive momentum in late-October that ultimately resulted in a massive uptrend that led it to establish fresh all-time highs in mid-February. The gains resulting from this parabolic uptrend have largely been erased throughout the past several days…

cryptocurrency News and Updates from The Economic Times
Crypto news

cryptocurrency News and Updates from The Economic Times

The request comes in the wake of the recent Supreme Court order that struck down the central bank’s April 2018 circular that disallowed banks and regulated entities from facilitating trade in cryptocurrencies. IAMAI had argued in the SC that the RBI circular was disproportionate. “They (Three-judge bench) have cited the ground of proportionality which is…

Crypto Market Update: Bitcoin moves down in Chinese rating, EOS retains leadership
Crypto news

Crypto Market Update: Bitcoin moves down in Chinese rating, EOS retains leadership

CCID published the cryptocurrency rating, Bitcoin moved to the 14th place. The cryptocurrency market is under pressure, BTC stays below $7,000. The Chinese Center if Information Technology Development (CCID) published its regular cryptocurrency rating. Bitcoin lost three positions and settled at the 14th place, below  Cosmos (ATOM), Stellar (XLM) и DASH, while EOS preserved its…

Bitcoin dives 8% as S&P 500 futures see tepid open after strong rally
Crypto news

Bitcoin dives 8% as S&P 500 futures see tepid open after strong rally

The rally, unfortunately, did not last for long. After rallying to $7,000 and holding above this key psychological price point for all of five hours, Bitcoin has plunged. In the past three hours, which comes as the critical weekly candle ends, the cryptocurrency has shed more than eight percent, tumbling from the highs at $7,200…

Crypto Today: Bears strike back, as weekend attempt to take BTC above $7,000 fails
Crypto news

Crypto Today: Bears strike back, as weekend attempt to take BTC above $7,000 fails

Markets: BTC/USD is hovering above $6,700. The coin has recovered from the intraday low of $6,570, however, it is still over 3% down from the start of the day and 1% down on a day-to-day basis. Currently, BTC is moving within a short-term bearish trend amid low volatility.  At the time of writing, ETH/USD is…