In the last 29 days, Bitcoin (BTC) has been ranging from $31,000 to $36,000 as the impact of the recent China ban and a $1.4 billion Grayscale GBTC share unlocking continue to pressure markets. China’s government implemented a series of measures to curb cryptocurrency mining and trading by ordering the immediate shut down of some operations and instructing domestic banks to suspend the bank accounts of entities involved in the industry. Meanwhile, the $21 billion trust fund Grayscale and its GBTC security is facing a troublesome period as institutional investors’ 6-month lock up comes to an end, creating a potential …

Trading in the direction of the trend is one of the best ways to be profitable. If traders learn to spot a new trend early, it provides an opportunity to buy with a good risk to reward ratio. In addition to identifying a trend, traders should also be able to recognize when it has reversed direction. While several patterns signal a possible trend change, one of the easiest to spot is the double bottom pattern. This can help traders change their strategy when the trend reverses direction from bearish to bullish. Let’s take a look at the double bottom pattern …

Payment provider company PayPal now allows U.S.-based users to purchase up to $100,000 in crypto weekly. In a Thursday announcement, PayPal said it had increased the crypto purchase limit for certain customers based in the United States from $20,000 to $100,000 per week. The company said the move was aimed at giving users “more choice and flexibility in purchasing cryptocurrency.” PayPal announced it would be moving into the crypto space in October 2020, later allowing eligible customers based in the United States to use cryptocurrencies for trading and payments. Though the company initially announced users would be limited to purchasing …

FTX has become the latest crypto exchange service to join ClearLoop — an instant trading settlement infrastructure from Alan Howard-backed Copper.co. As part of the integration, Copper’s over 300 institutional asset managers will be able to access FTX crypto offerings, such as cryptocurrency futures, options, volatility markets, as well as tokenized stocks among others. With over 1 million registered users and more than $600 billion in trading volume per month, FTX is the largest crypto exchange to join the ClearLoop platform, according to the Copper announcement on Tuesday. With Deribit and Bitfinex also part of ClearLoop, Copper’s institutional clients can …

After a dramatic 12 months, the state of the cryptocurrency sector now is vastly different to where it was a year ago. We’ve seen crypto exchanges list on stock markets, massive companies buy vast amounts of Bitcoin, and a number of banks start to handle cryptoassets. But challenges remain — including debates over regulation. Here, Bitget CEO Sandra Lou reveals how her exchange is spurring adoption of digital currencies — and explains why she believes regulation is inevitable and essential. 1. Hello Sandra! Tell us about yourself. Hi! I have been working in the traditional financial industry for nearly a …

SelfWealth, a share trading platform listed on the Australian Securities Exchange, is planning to offer cryptocurrency trading as part of its 2021 roadmap. On Monday, SelfWealth officially announced that the company will partner with an “established and secure cryptocurrency exchange” to offer crypto trading on its platform. “This is off the back of research we’ve done, including answers from many of you. You want to access crypto, but you want it done in a safe and secure manner. You will be able to trade cryptocurrencies that have been vetted by us first,” SelfWealth wrote. SelfWealth’s move into crypto investment comes …

Back in 2019, an estimated 99% of crypto-asset transfers took place on centralized exchanges (CEXs), according to the number that was used by main crypto critic Nouriel Roubini. CEXs are likely to remain a central fixture of the crypto trading landscape for the foreseeable future. CEXs are fast and convenient, but typically require traders to deposit funds in an account controlled by the exchange. Unfortunately, history illustrates that this loss of sovereignty over a user’s digital assets can be an extreme and costly compromise. Decentralized exchanges (DEXs) offer an intriguing alternative and are gaining momentum, but are still not yet …

Axie Infinity (AXS) has had a rough week: On July 1, it was trading at just above $5. One week later and following two consecutive two-day rallies, the price was charging past $19. AXS price has since dropped between $18 and $19, yet the coin’s weekly stats are still outstanding: 118% against United States dollar and 119% against Bitcoin (BTC) in a week. As AXS sits on top of the seven-day price change chart, many traders are wishing that they could have known earlier in the week that the asset was ready to explode. While it is impossible to see …

The U.S. Securities and Exchange Commission has filed charges against three people accused of insider trading with the Long Blockchain Company related to changing its name from the Long Island Iced Tea Company. In a Friday announcement, the SEC said Eric Watson, Oliver Barret-Lindsay, and Gannon Giguiere were facing charges in the U.S. District Court for the Southern District of New York for their role in trades connected to rebranding a beverage business to a blockchain firm, which caused the company’s stock price to rise significantly. Giguiere purchased 35,000 shares of Long Blockchain after having been allegedly tipped off to …

Balancer, a popular automated market maker for cryptocurrencies, has launched a new protocol feature designed to lower fees and improve the trading execution for like-kind swaps. Stable pools “are designed specifically for assets that trade at a similar price,” wrote Fernando Martinelli, the co-founder and CEO of Balancer Labs. As such, the pools increase capital efficiency for like-kind swaps, thereby offering traders tighter spreads and lower slippage. Liquidity providers, meanwhile, have the opportunity to earn a competitive yield. Martinelli explained that, unlike traditional weighted pools, all tokens inside the Balancer stable pools are contained in a single vault: “On Balancer, …

The chief operating officer of stock and cryptocurrency trading app Robinhood aims for significant growth in the number of female customers, particularly when it comes to investing in crypto. In an interview with Business Insider published Wednesday, Robinhood COO Gretchen Howard said the number of women using the trading app had more than tripled, representing a 369% increase year-on-year. In addition, the platform reported in March that 40% of its active female customers were trading crypto, a seven-fold increase over 2020. "To me it feels like, wow, we've enabled these women to trade crypto," said Howard. “[Crypto is] very new, …

Trading platform Robinhood could lose a significant revenue source should the United States Securities and Exchange Commission move to ban the controversial payment for order flows (PFOF) — routing retail trading orders to market makers. Brokers like Robinhood often use the practice to offset trading fees, thus providing zero commission trading to its retail customer base. According to the Wall Street Journal on Wednesday, Robinhood’s initial public offering filing revealed that the broker earned 81% of its Q1 revenue from payment for order flows covering stock, options and crypto. As previously reported by Cointelegraph, Robinhood filed for its IPO on …