Bitcoin jumps $4,000 as Bitfinex and Tether settle with New York court

A long-running case regarding Tether’s alleged fake dollars and Bitfinex’s involvement in covering up parts of the former’s business have drawn to a close today. $18.5 million fine Stablecoin issuer Tether and Bitfinex, a prominent crypto exchange and its parent company, have today settled with New York courts on a long-running case that saw the…

Crypto.com burns $10 billion worth of CRO ahead of mainnet launch

Crypto.com, the Hong Kong-based payments and crypto exchange platform, will conduct one of the biggest token burns ever ahead of its mainnet launch. Crypto.com’s DeFi move Crypto exchange and payments tool provider Crypto.com will burn over 70 billion CRO in the coming weeks as it approaches its mainnet launch, it said in a blog post…

XRP jumps ahead of Ripple-US SEC hearing today

Ripple Labs, the issuer of the payments token, faces scrutiny in US courts for its alleged role in misguiding investors and selling an unlicensed security. The hearing is scheduled for February 22, i.e. today, but investors are already betting on a favorable outcome. XRP pumps XRP prices have increased 20% in the past day, and…

Bitcoin may suffer several corrections on its way to $200k, suggests Peter Brandt

Peter Brandt, veteran trader and author of “Diary of a Professional Commodity Trader,” pointed out that while Bitcoin’s (BTC) price could reach $200,000, history shows that it’s prone to massive corrections of 30% or more. “In the 2015-2017 bull market in $BTC, there were nine corrections exceeding 30%. Since the Mar 2020 low, there has…

Binance Coin (BNB) erupts above $270 as the whole Smart Chain ecosystem soars

Tokens from the Binance Chain ecosystem are surging today, led by Binance Coin’s (BNB) own example—which broke above $270 today, according to CryptoSlate’s Binance Smart Chain sector data. The top 10 Binance Chain-based tokens. Image: CryptoSlate The level of $270 is yet another major milestone BNB is storming in just over a week. On February 9,…

Bitcoin breaches $50,000 after MicroStrategy drops $600 million announcement

Expect Michael Saylor and MicroStrategy to buy all your Bitcoin when you aren’t watching. Today, the enterprise software maker announced yet another $600 million convertible note issuance for investors and institutions to buy Bitcoin. The move comes a month after MicroStrategy raised $650 million in a separate convertible note offering to purchase BTC. MicroStrategy Announces…

Why Ethereum is stagnating behind Bitcoin after its rally to new record-high

The price of Ethereum is declining against both Bitcoin and the U.S. dollar. This comes as the dominant cryptocurrency soared to a new all-time high in the last several hours. As Bitcoin began to climb towards $49,900, the price of Ethereum actually dropped in the same period. Although Ethereum has sometimes lagged behind Bitcoin during…

Bitcoin flirts with $50,000 at the end of a lovely week

On Valentine’s Day, the crypto market was infatuated with Bitcoin (BTC) as the coin broke yet another all-time high, reaching roughly $49,530, according to metrics platform CoinGecko. Bitcoin price chart. Image: CoinGecko Meanwhile, the week leading to February 14 was also quite eventful all by itself, with a slew of Bitcoin-related announcements and news exploding…

JPMorgan co-president admits the demand for Bitcoin will come at “some point”

In a conversation with CNBC about Bitcoin, JPMorgan co-president Daniel Pinto said the demand for Bitcoin will come at “some point.” Albeit the message seems ostensibly optimistic, Pinto is implying that the demand for Bitcoin isn’t here just yet. What kind of demand for Bitcoin would be sufficient? The price of Bitcoin has increased by…