Federal Preemption or States’ Rights? Crypto Advocates Clash Over Regulatory Approaches

It is easy to think of the most prominent blockchain advocates as a united front, whose ranks are tightly closed in the face of the common enemy — a horde of fierce crypto critics, unwieldy regulators, anti-money laundering zealots, “bitcoin is a scam”-ers, and the stakeholders of the old, centralized financial system. On this battlefield, the crypto camp’s fundamental positions are aligned, and its strategic goals are clear. However, in the times of armistice, blockchain champions get together by the campfire to ponder the important details of their common cause,…

Binance DEX Will Geoblock Users From 29 Countries, Including the US

The decentralized exchange (DEX) developed by major cryptocurrency exchange Binance will block access to users based in 29 countries. The DEX informs potential users of the restriction via a message that appears when accessing the platform from one of the regions. The message appearing on the platform states: “It seems you are accessing www.binance.org from an IP address belonging to one of the following countries: USA, Albania, Belarus, Bosnia, Burma, Central African Republic, Democratic Republic of Congo, Democratic People’s Republic of Korea, Cote D’Ivoire, the Crimea region of Ukraine, Croatia,…

Bitcoin Price Rallies to $8,800, Surges 9% in 3-Day Recovery

By CCN: Within the past three days, since May 31, the bitcoin price has climbed from $8,000 to $8,800, demonstrating a strong sign of recovery in a 9.5 percent rally and pushing the rest of the crypto market to the upside. On major regulated crypto asset exchanges like Bitstamp, the bitcoin price dropped to as low as $8,000 on last Friday, sparking fears of a potential decline below $7,000 in an anticipated pullback. The bitcoin price has recovered by nearly 10 percent in the past three days in a poweful…

Bitcoin is for Suckers – Fight Me

By CCN: There are countless reasons why bitcoin and cryptocurrencies rank among the biggest bubbles in history and the dumbest places to put your hard-earned money. Bitcoin Investors Don’t Consider Volatility Bitcoin return or cryptocurrency return compared to stock market return means nothing unless one considers volatility. Volatility is risk. The fatal mistake investors make is that they look at bitcoin, cryptocurrency, or stock market performance in a vacuum, when they must always be viewed in context with risk. This is a chart comparing 1-year volatility percentages across all investments (and…

Bitcoin’s Overnight Crash Doesn’t Stop Experts From Remaining Macro Bullish

On May 30, overnight, the valuation of the crypto market dropped by $19 billion as the price of bitcoin (BTC) briefly dropped from $9,000 to $8,000 — a staggering 11% within a few hours on exchanges like Bitstamp. The drop of bitcoin to $8,000 was not visible on charts of market data providers like CoinMarketCap because the movement occurred in a short time frame. Bitcoin’s price immediately recovered to $8,300 following its abrupt decline, relieving some of the pressure from the rest of the crypto market and continues to rise…

Bitcoin Price Boom Boosts AMD Rally While Semiconductor Stocks Crash

By CCN: While other semiconductor companies were struggling, AMD stocks continued to surge in May; a price movement likely fueled by the bitcoin bull market. AMD Stocks Surging by 99% Advanced Micro’s stocks are booming, gaining as much as 99 percent in the last 12 months. AMD continued its surge even in May when other semi stocks had crashed. Last month, the semiconductor ETF SMH and Intel lost 14-14 percent with Nvidia being one of the biggest losers of the month with a 25 percent price decline. “AMD is definitely…

Tokenization, Explained | Cointelegraph

3. In short: It’s on a blockchain. But let’s dive a little deeper and see what “token” even means in our case. Of course, as with many other crypto-related terms, there is no single, agreed-upon definition. At the most basic level, a token is a representation of a particular asset or utility. Sound too abstract? Let’s outline three types of tokens you might come across on a regular basis and break them down: Currency tokens These are the most obvious ones. Just think of classic cryptocurrencies. Bitcoin. Currency tokens are…

Bitcoin (BTC) Price Weekly Forecast: Technical Bias Signaling Fresh Increase

There was a sharp decline in bitcoin price after it spiked above the $9,000 level against the US Dollar. The price declined below the $8,600 support and tested the key $8,000 support area. There was a break below a major bullish trend line with support near $8,540 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair tested the $8,000 support area ad recently bounced back above $8,400 and $8,500. Bitcoin price recovered sharply after a major drop to $8,000 against the US Dollar. BTC is…

Ethereum (ETH) Price Holding Gains: Key Resistances Nearby

ETH price recovered nicely after declining towards the $240 support area against the US Dollar. The price traded above the $270 level, but it seems to be struggling near $278 and $280. There is a short term breakout pattern forming with resistance near $270 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains well supported on dips as long as there is no close below the $250 support area. Ethereum price jumped back after correcting sharply versus the US Dollar, similar to bitcoin. ETH must gain…