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Market Analysis

Crypto Lending Platform Accidentally Sends Users Millions of Dollars in Bitcoin

  • Post author:Auto News Feed
  • Post published:May 22, 2021
  • Post category:Market News

Crypto lending firm BlockFi says it accidentally sent large amounts of Bitcoin (BTC) to some of its customers. Users began reporting the mixup last week, with one post on Reddit…

Continue ReadingCrypto Lending Platform Accidentally Sends Users Millions of Dollars in Bitcoin
Read more about the article SEC Chair Gensler: We ‘Should Be Ready’ to Enforce Crypto Cases

SEC Chair Gensler: We ‘Should Be Ready’ to Enforce Crypto Cases

  • Post author:Auto News Feed
  • Post published:May 21, 2021
  • Post category:Market News

New Securities and Exchange Commission (SEC) Chairman Gary Gensler remarked today that the agency "should be ready to bring cases involving issues such as crypto." Speaking at the 2021 Financial…

Continue ReadingSEC Chair Gensler: We ‘Should Be Ready’ to Enforce Crypto Cases
Read more about the article Elon Musk Says He Won’t Sell His Dogecoin as Mystery Whale Buys More

Elon Musk Says He Won’t Sell His Dogecoin as Mystery Whale Buys More

  • Post author:Auto News Feed
  • Post published:May 21, 2021
  • Post category:Market News

Tesla CEO Elon Musk has tweeted that he's never sold Dogecoin and "won't sell any DOGE." Musk has a knack for pushing the price of cryptocurrencies up—and down—with sixty-character memos…

Continue ReadingElon Musk Says He Won’t Sell His Dogecoin as Mystery Whale Buys More
Read more about the article ‘Crypto Bank’ Charters Should Be Reassessed, Says Senate Banking Chair

‘Crypto Bank’ Charters Should Be Reassessed, Says Senate Banking Chair

  • Post author:Auto News Feed
  • Post published:May 21, 2021
  • Post category:Market News

Several months after taking control of the US Senate, Democratic lawmakers are signaling a shift in their oversight of financial regulators, which could put so-called "crypto banks" in a precarious…

Continue Reading‘Crypto Bank’ Charters Should Be Reassessed, Says Senate Banking Chair
Read more about the article Bank of Canada: Intrinsic Value of Bitcoin, Ethereum ‘Hard to Establish’

Bank of Canada: Intrinsic Value of Bitcoin, Ethereum ‘Hard to Establish’

  • Post author:Auto News Feed
  • Post published:May 21, 2021
  • Post category:Market News

The Bank of Canada today issued a warning on cryptocurrencies, describing such assets as “high-risk.” And if you were among the group of investors who purchased Bitcoin at its peak…

Continue ReadingBank of Canada: Intrinsic Value of Bitcoin, Ethereum ‘Hard to Establish’

China’s Ban on Cryptocurrency Forced Bitcoin to Touch $30k

  • Post author:Auto News Feed
  • Post published:May 21, 2021
  • Post category:Market News

The restriction imposed on cryptocurrency services providers by China has made the entire digital currency market hit a snag. The price of Bitcoin, the largest crypto asset by market cap,…

Continue ReadingChina’s Ban on Cryptocurrency Forced Bitcoin to Touch $30k

Binance Coin in Downward Correction between $280 and $400, May Resume Uptrend

  • Post author:Auto News Feed
  • Post published:May 21, 2021
  • Post category:Market News

Binance Coin pauses after falling to the low above $280. BNB price made a marginal upward move above the current support. Yesterday’s candlestick possesses a long tail indicating that the…

Continue ReadingBinance Coin in Downward Correction between $280 and $400, May Resume Uptrend
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