Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’

Brazil has seen another tumultuous week in the cryptocurrency industry, as the alleged pyramid scheme Atlas Quantum upsets it customers yet again, another six individuals linked to the Unick Forest crypto scheme are arrested, and the founder of A2 Trader challenges Brazilian regulators to shut down his trading website.Here is the past week of cryptocurrency…

Bitcoin may be up 7.5% since Friday, but BTC price action is not giving everyone cause for positivity. 629 Total views 6 Total shares Bitcoin (BTC) sought to recover $27,000 into the May 14 weekly close as volatility picked up out of hours.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price gains over 7% in two…

After United States President Donald Trump first mooted a $1 trillion stimulus package for the U.S. economy in the wake of the coronavirus outbreak, people were shocked at what seemed like a gargantuan amount.As Cointelegraph reported a few days later on March 25, a bipartisan deal has been agreed for twice that figure and it…

Chinese Communist Party school publishes a new book on crypto. 1371 Total views 49 Total shares A higher education institution that trains Chinese Communist Party officials has published a new book about cryptocurrency. According to a local blockchain news report on May 19, the Party School of the Central Committee of the Communist Party of China…

The legal industry has emerged as a major winner amid cryptocurrency collapses like FTX and Celsius, generating hundreds of millions of dollars for lawyers.Lawyers, accountants, consultants, analysts and other professionals have collected at least $700 million in fees from the bankruptcies of major crypto firms over the past year, according to a report and an

Australia's financial services regulator sees the rise in crypto investment during the COVID-19 pandemic as a cause for concern, especially among young and new investors. 240 Total views 5 Total shares The chief of Australia’s financial services regulator Joe Longo has raised the alarm over the sheer amount of people that invested in “unregulated, volatile”…

On Jan. 27., the Securities and Exchange Commission (SEC) fortified its case against Telegram, saying its Gram token is worth less than donuts. The SEC’s counterIn the latest in their battle with Telegram and the Telegram Open Network (TON), the SEC argued in a memo to the Southern District Court of New York:“Telegram offered and sold…

Circle noted that assets pegged to USD are not securities, partly because users are not expecting any profit from acquiring them. 176 Total views 4 Total shares In a court filing, Circle argued that assets that are pegged to the U.S. dollar, like the Binance USD (BUSD) or its own stablecoin USDC, are not securities

The hopeful optimism of Bitcoin (BTC) traders seemed to dissipate in the first week of March as key on-chain metrics provided resistance.Now Bitcoin is threatening a retest of the $22,000 level, and a wave of short sellers would stand to profit if that occurred. If the short sellers’ strike price hits, some analysts believe Bitcoin…