Crypto-related companies and figures have provided evidence about being de-banked by Australian financial institutions to a Senate inquiry. Crypto investment firm Aus Merchant, global remittance provider Nium and small peer-to-peer crypto brokerage platform Bitcoin Babe were speaking on a panel as part of the Senate inquiry into “Australia as a Technology and Financial Centre” on Wednesday. All three are registered with financial intelligence regulator AUSTRAC and are subject to reporting requirements; however, they all echoed similar sentiments of being de-banked without a concrete explanation as to why. Michaela Juric, the founder of the peer-to-peer trading business dubbed after her nickname …

In Cointelegraph's latest video report, we discussed the systemic risks posed by stablecoins to the stability of both crypto and traditional markets. Stablecoins have become the backbone of the crypto ecosystem, as they play a crucial role in the functioning of crypto trading and decentralized finance. Their market capitalization has grown fourfold since the start of 2021. But the lack of transparency around the reserves backing stablecoins have left many wondering whether their growth is actually sustainable. Major stablecoins' recent disclosures showed that only a portion of their reserves is made up of cash, while a significant amount is kept …

Big banks have long stored currency, stock certificates and precious objects like gold and jewels on behalf of their clients. Now, thanks to a recent policy change by a federal banking regulator, they will be able to hold Bitcoin (BTC) and other alternative cryptocurrencies as well. In fact, banks have already begun not only accumulating cryptocurrencies but also trading them on crypto exchanges using three major keys to successful trading. Crypto trading trick #1: Crowd psychology We all know that when Elon Musk says jump, Dogecoin (DOGE) says, “How high?” There are key moments when the crowd has reliably reacted …

Nassim Nicholas Taleb, the philosophical mind, financial advisor and statistician, developed an investment method known as the barbell strategy. With the barbell strategy, two distinct asset classes are paired, mainly a basket with extremely safe assets and one with more speculative investments. Taleb describes the underlying principle of this strategy as, “If you know you are vulnerable to prediction errors and accept that most risk measures are flawed, then your strategy is to be as hyper-conservative and hyper-aggressive as you can be, instead of being mildly aggressive or conservative.” Traditionally, the barbell approach has been applied to different bond or …

Cointelegraph's Markets Pro data intelligence service, which offers institutional-grade research tools for crypto traders, has shared the latest weekly VORTECS™ Report with its community of subscribers. The full report, available only to subscribers, presents the past week's biggest-gaining tokens as identified by the platform's artificial intelligence tools and offers interpretations of the data that it provides to traders. Here are some of the highlights of the latest issue: Three out of four altcoins with triple-digit weekly gains flash high VORTECS™ Scores before their prices peak. Markets Pro subscribers take profit from FTM's and OGN's rallies thanks to the platform's data …

Bitcoin (BTC) has been struggling to break the $50,000 mark for over 10 days now. However, on Sept. 2, the premium cryptocurrency briefly surpassed the milestone, sending positive ripples across the market. Since then, the token has dropped below the mark to trade in the $49,000 range before rebounding to hit the $50,000 mark yet again on Sept. 3. As Bitcoin often behaves in a cyclical pattern, a look at the monthly trends for September could reveal patterns in the price, which in turn could be helpful to gauge the outlook for the upcoming month. Historically, September has been one …

Now that altcoin season is upon us again, multiple tokens are witnessing illustrious price hikes every day. In a sideways market, a key skill for a trader is the ability to anticipate when an asset will break out — and when everything is green, knowing when the rallies are coming to an end becomes equally essential. This week, CELO embarked on a flash rally that generated an almost vertical line on its price chart, but then it quickly faded without ushering in a strong second wave. Aside from keeping a steady eye on candlestick charts, was there a better way …

Traders use various technical analysis tools to identify emerging trends and profitably trade that direction. One popular trend-defining pattern that traders often rely on is called the price channel. An “ascending channel” or a “bullish price channel” is formed by drawing parallel lines between the perceived support and resistance levels that an asset trades between on candlestick charts. Ascending channel basics An ascending channel is formed when the price action can be contained within two upward sloping parallel lines. First, the main trendline is drawn by joining the two reaction lows. Then a parallel line is drawn by connecting two …

One platform might have found the solution to address the major pain points of traditional staking. AscendEX, a platform marketed as the nexus between the decentralized and centralized finance community, provides users with several unique features. On the AscendEX platforms, users can access trading services for over 200 trading pairs, including many initial exchange offerings (IEOs) along with margin trading of over 50 tokens. It is also the only centralized exchange to provide users with access to Polygon yield farming. New users are encouraged to try out these features, with what are believed to be more contests and the biggest …

Bitcoin (BTC) has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the alt season isn’t over yet. Meanwhile, Bitcoin’s price faces a crucial resistance to break through, while Ether (ETH) is already cracking that resistance, hitting a three-month high versus BTC and facing a run toward the next resistance around the all-time high. The primary question is now whether this Ether breakout is a signal for Bitcoin to follow suit and break through the resistance barriers in September. Historically, September has been a corrective …

American payments giant PayPal is reportedly exploring ways to offer stock trading after launching cryptocurrency trading services last year. PayPal is looking to buy or partner with a broker-dealer to introduce its own stock trading service to compete with rivals such as crypto-friendly stock trading app Robinhood, CNBC reported on Monday. Citing anonymous sources, the report notes that PayPal has conducted relevant discussions with potential industry players but is unlikely to launch the new investment service this year. According to CNBC, PayPal’s potential approval as a brokerage firm by the Financial Industry Regulatory Authority could take more than eight months. …

Very few events can shake the cryptocurrency markets in a sustainable manner that really sends Bitcoin and altcoin prices into a sharp directional move. One example is when Xi Jinping, China's President, called for a country-wide development of blockchain technology in October 2019. The unexpected news caused a 42% pump in Bitcoin (BTC), but the movement completely faded away as investors realized China was not altering its negative stance on cryptocurrencies. As a result, only a handful of tokens focused on China's FinTech industry, blockchain tracing, and industry automation saw their prices consolidate at higher levels. Some 'crypto news' and …