Major Australian Exchange Expands to Singapore for Crypto-Friendly Regs

Independent Reserve, one of the largest cryptocurrency exchanges in Australia, is expanding to Singapore after an “overwhelmingly positive” response from the regulator. Adrian Przelozny, CEO and founder of the Sydney-based exchange, announced Friday it had expanded its trading services to users in Singapore, saying in a statement that his team “felt the time was right […]

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Bitcoin Retraces 45% of Recent Price Gains as Bulls Lose Momentum

View Bitcoin continues to lose altitude and risks falling to crucial support near $7,555. A UTC close below that level would invalidate an inverse head-and-shoulders breakout confirmed on Jan. 6. However, the pullback was based on low volumes and could be reversed. A move above $8,000 would imply an end of the price pullback and […]

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Why China Is Banning Crypto But Is Bullish on Blockchain

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Flex Yang is co-founder and CEO of Babel Finance.  Babel Finance is one of China’s largest financial service providers.  The firm works with crypto mining companies to fund the […]

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Bitcoin Climbs as Tether Gets $500M Injection in 5 Minutes

Bitcoin’s price jumped $200 in an hour and a half on Monday, rising to a 30-day high of $7,800. The world’s largest cryptocurrency by market capitalization climbed after the stablecoin tether (USDT) saw a major boost in market value. The 5 percent rise in bitcoin’s (BTC) price was preceded by a $500 million increase in […]

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Whiplash: Bitcoin Slides Below $6,500, Surges Above $7,100 in 8-Hour Span

Bitcoin traders might need a neck brace right now. That’s because the price of the cryptocurrency took a sharp U-turn in the course of trading on Wednesday. The day started quite dreary for HODLers. Candlesticks slowly and solemnly strode across the bitcoin chart in the upper half of the $6,000 range for much of the […]

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Chainalysis Report on PlusToken ‘Scammers’ Blamed for Monday’s Crypto Selloff

The slide began at 18:28 UTC on Monday. In just seven minutes, bitcoin slipped 4 percent, to $6,800 from $7,085 according to data from Coinbase. In that time, ether took a bigger hit, dropping 7 percent from $140 to $130. Neither had seen such lows since Nov. 25, when the crypto markets suffered a temporary […]

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