Recap | Crypto markets rattled, Bitcoin breaks below $10k as altcoins crash | “Keep Big Tech Out of Finance Act” proposes $1 million per day fine on tech companies acting as financial institutions

BTC: $9464 / ETH: $197.87 / XRP: $0.29 / BCH: $276.73 / LTC: $79.33

Crypto markets rattled, Bitcoin breaks below $10,000 as altcoins crash

Crypto markets rattled, Bitcoin breaks below $10,000 as altcoins crash

Forty-year trading veteran Peter Brandt made the headlines earlier this month when he stated that a violation of the “parabolic phase” that started in December 2018 could ignite an 80 percent correction of the entire parabolic advance.

5 min read →


Are Cardano, Chainlink and Ravencoin doomed to continue falling?

Are Cardano, Chainlink and Ravencoin doomed to continue falling?

After the major surge in mid-December 2018, the market seems to have found an exhaustion point. The retrace gives an opportunity for sideliners to buy in before the next upswing.

5 min read →


“Keep Big Tech Out of Finance Act” proposes $1 million per day fine on large tech companies acting as financial institutions

“Keep Big Tech Out of Finance Act” proposes $1 million per day fine on large tech companies acting as financial institutions

A recent bill, “Keep Big Tech Out Of Finance Act,” recommends prohibiting giant tech firms from serving as financial institutions or launching their own cryptocurrency.

2 min read →


Vitalik Buterin proposes using Bitcoin Cash as Ethereum’s data layer

Vitalik Buterin proposes using Bitcoin Cash as Ethereum’s data layer

The co-founder of Ethereum, Vitalik Buterin, proposed using Bitcoin Cash as a short-term solution for adding a data availability layer to Ethereum.

2 min read →


Growing hashpower means Bitcoin and Bitcoin Cash could halve at the same time

Growing hashpower means Bitcoin and Bitcoin Cash could halve at the same time

Despite an initial difference in mining speed between the two Bitcoin forks, an increase in BTC’s hashpower has been steadily narrowing Bitcoin’s supply lead.

2 min read →


Tether accidentally issues $5bn worth of USDT, claims it was an issue with decimals

Tether accidentally issues $5bn worth of USDT, claims it was an issue with decimals

Tether, the issuer of the USDT accidentally issued $5 billion worth of its own stablecoin while Poloniex was conducting a USDT chain swap from Omni to Tron.

2 min read →


US regulation against Bitcoin could be the catalyst for the next upswing

US regulation against Bitcoin could be the catalyst for the next upswing

In a recent briefing held by the U.S. Secretary of the Treasury Steven Mnuchin, the U.S. government revealed its stance on cryptocurrencies and the efforts it will carry upon to regulate Bitcoin because of its use in criminal activity and the threat it poses to the financial system.

3 min read →


ICYMI

🇺🇸 US Treasury Secretary: Bitcoin a “national security issue,” cryptocurrency dominated by illicit activity and speculation

📈 Bitcoin network hashrate sees fastest growth in history

🤦🏻‍♂️ Nouriel Roubini lost his cool during debate with BitMEX CEO Arthur Hayes


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