Price analysis 5/20: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

The summer of regulatory action has now become a global phenomenon. Lawmakers and politicians are waving their fingers and making threats toward the industry’s leading virtual asset service providers — a term coined by the FATF to describe exchanges, wallets, custodians and even DeFi platforms. But when it comes to crackdowns on cryptocurrency, few places do…

Their belief seems to be that Bitcoin is destined to appreciate unless these key indicators reverse themselves. According to the Bloomberg crypto newsletter, a key on-chain indicator suggests that Bitcoin (BTC) is currently greatly undervalued. Bitcoin active addresses, the 30-day average. Source: Glassnode.Bloomberg’s crypto analyst Mike McGlone believes that the recent all-time highs in Bitcoin’s hashrate…

“Avoid Bitcoin like a plague.” 2137 Total views 32 Total shares Micheal O’Leary — the CEO of major budget airline Ryanair — has come out very bearish on Bitcoin (BTC).Recently speaking to The Times, O’Leary likened Bitcoin to a Ponzi scheme and advised investors to avoid it:“I have never, and would never, invest one cent…

Bitcoin (BTC) achieved new highs for the month after the June 20 Wall Street open as observers stayed cautious on market strength.BTC/USD 1-day chart. Source: TradingView“No meaningful trend shift” for Bitcoin yetData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $27,499 on Bitstamp.The pair saw its highest levels since May 31 as the return…

Bitcoin (BTC) price lost steam after a failed rupture of the $27,500 resistance on May 15, putting bears in a better position for the May 19 expiry. The regulatory newsflow likely played a key role in trimming investors’ risk appetite as governments seek more control over the sector.In a memo circulated among committee members, Democrats…

U.S. authorities have accused a man of securing COVID-19 relief funds to invest in cryptocurrency. 2295 Total views 23 Total shares A Texas resident was charged by the U.S. Attorney for the Southern District of Texas on July 14. Allegations suggest that he fraudulently filed loan applications for $1.1 million through the Paycheck Protection Program,…

Unsuspecting investors have lost $16 billion by buying into crypto projects they thought would be the next best thing. And that money is nearly impossible to recover. As the crypto industry established itself as a disruptor of currency and technology and as Bitcoin (BTC) began to gain traction in 2017, scammers took advantage of naïve…

Franklin Templeton has expanded its pioneering blockchain-integrated money market fund to Avalanche, broadening institutional investor access to digital finance.

Senator Andrew Bragg has introduced a bill proposing regulatory standards for the cryptocurrency industry in Australia. 592 Total views 3 Total shares Own this piece of history Collect this article as an NFTA new bill has been introduced to the Australian Parliament proposing regulations for providing cryptocurrency services in the country.Senator Andrew Bragg submitted a…