A matter of a few hundred dollars could separate BTC price action from a “short squeeze,” one trader believes. Bitcoin (BTC) returned to $20,000 on Sept. 2 amid renewed bets on a “short squeeze” higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $20,700 short squeeze trigger Data from Cointelegraph Markets Pro and TradingView...Continue Reading

Gold-backed tokens are getting increasingly popular as a more accessible alternative to investing in physical gold. What is a gold-backed cryptocurrency? A gold-backed cryptocurrency is a type of digital currency that is backed by physical gold. The currency’s value is based on the current market price of gold and can be used for transactions just...Continue Reading

Majority of traders have held Bitcoin for one year and above, 32% held for BTC one month up to a year and 6% have held for less than a month, data reveals. Despite the uncertainties brought about by the bear market, on-chain metrics show that the majority of Bitcoin (BTC) traders have been using a...Continue Reading

The prompt cancellation comes after strong community pushback relating to the requirement of a facial recognition scan in order to receive the deposit bonus. Decentralized crypto derivatives exchange dYdX says it has ended its short-lived and contentious $25 first deposit bonus promo amid a wave of backlash over its facial recognition requirements for new users....Continue Reading

The Digital Dollar Project’s Technical Sandbox Program is set to begin in October aiming to provide a clearer understanding of the ramifications of a United States CBDC. A U.S. think tank has launched a “technical sandbox” aimed at advancing the exploration of a potential United States central bank digital currency (CBDC). In an Aug. 31...Continue Reading

The Binance founder has also detailed some personal and business-related challenges he had to overcome from the Chinese government, even before the launch of Binance in 2017. Binance CEO Changpeng Zhao (CZ) has hit back at critics and conspiracy theorists who claim Binance to be a Chinese-based “criminal entity” that “secretly [belongs] in the pocket...Continue Reading

Celsius has motioned for $50 million worth of the total $225 million held in the Custody Program and Withhold Accounts to be released to owners. Beleaguered crypto lender Celsius Network has filed a motion with the United States Bankruptcy Court yesterday to allow customers with digital assets held in certain accounts to be withdrawn.  There’s...Continue Reading

Bitfinex and Tether’s legal representatives also want the law firm to return or destroy all defendant-issued documents and confirm they haven’t been shared. USDT-issuer Tether wants law firm Roche Freedman “terminated” as counsel from the Bitfinex and Tether class action lawsuit following a motion from Kyle Roche to be removed as counsel in the case....Continue Reading

The Carlyle Group co-founder also spoke on the regulatory landscape, saying that he does not anticipate excessive regulation from the U.S. Congress. Carlyle Group co-founder David Rubenstein acknowledged on Sept. 2 that he has invested personally in a number of crypto companies, and is optimistic about the industry’s path to regulation in the United States....Continue Reading

The public was invited to comment on whether the regulators should use the term “crypto asset” instead of “digital asset” in proposed changes to Form PF. The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, have called for comments on a proposal which would require large advisers...Continue Reading