Key Takeaways Following a 40% correction, Dogecoin looks primed to rebound towards new all-time highs.  Trading veteran Peter Brandt suggests that DOGE is forming a bullish continuation pattern.  Transaction history shows this cryptocurrency sits underneath a formidable resistance. Dogecoin entered a consolidation period after surging by nearly 1,100% in late […]

Gold bug Peter Schiff has revised his bitcoin prediction after the price of the cryptocurrency exceeded his expectations, reaching an all-time high above the $50K level. He now says, “I must admit that a move up to $100,000 can’t be ruled out.” Nonetheless, the long-term bitcoin skeptic warns that the […]

London-listed Plus500 published its unaudited financials for last year on Wednesday. Though the key numbers for the final quarter remained dull, the yearly figures turned out to be excellent for the brokerage firm. Revenue of the trading platform for the last quarter of 2020 was $91.9 million, which was a […]

Key Takeaways Bitcoin just crossed $50,000 for the first time. Its market cap is just short of $1 trillion. Along with Ethereum, Bitcoin has outperformed every traditional asset year-to-date. Bitcoin is now the sixth biggest asset in the world by market cap. The Bitcoin rally continues. It’s just crossed $50,000 […]

Key Takeaways The number of Bitcoin whales has risen by approximately 200% over the past three weeks.  Meanwhile, Ethereum’s network has grown by 67% since the end of December 2020.  Even though these metrics are bullish, technical patterns warn of a potential correction.  Bitcoin and Ethereum show ambiguity from a […]

Allianz’s chief economic advisor, Mohamed El-Erian, says that the argument for investing in bitcoin has reached a pivot point. He sees more companies following Tesla’s example and embracing bitcoin as an investment vehicle as well as a form of payment. Allianz’s Economic Advisor Says the Argument for Bitcoin Is Now […]

Key Takeaways Global Digital Finance has expressed concern over proposal that cryptocurrency trading in Hong Kong should be limited to professionals.  In Nov 2020, Hong Kong’s Financial Services and the Treasury Bureau (FSTB) proposed its new rules that govern how crypto exchanges operate. According to GDF, limiting trading services to […]

Buoyed by reports that Twitter has been studying the possibility of adding bitcoin to its balance sheet, the company’s stock surged to a new 52-week high of $73.18 on Feb. 12. Before the surge, the stock had been trading at just under $60 on Feb. 9. At the time of […]

Continuing a string of warnings against forex and cryptocurrency brokers, targeting traders in Portugal, Comissão do Mercado de Valores Mobillários (CMVM) has cautioned investors regarding IQCent and Raceoption. Both brands are operated by the same parent entity, called Makerun Corp, which claims to be domiciled in Marshall Islands but not authorised […]

BRI Ferrier, the liquidator of its Australian-based Union Standard International Group Pty Ltd (USGFX), issued a statement recently debunking the claims of the Vantau-based sister entity, USG Global (Union Standard International Group Ltd), over its role in shutting down the broker’s Puerto Rican bank accounts. “On 8 February 2021, USG […]