CME Bitcoin Market Is Trading in Bullish Ascending Triangle Pattern

Bitcoin has undergone a drop since peaking at $14,100 on Saturday. On Monday morning, the leading cryptocurrency fell as low as $13,200, marking a 6.5% drop from the highs. Bitcoin has since bounced to $13,700 as of this article’s writing. While the cryptocurrency remains below the $14,000 technical resistance, analysts remain optimistic about the digital asset. One crypto-asset analyst recently noted that the CME futures’ Bitcoin market is currently printing a bullish chart pattern. Should this pattern play out as it does in textbooks, the asset should move higher in…

CertiK dissects the Axion Network incident and subsequent price crash

On November 2, the Axion Network launched its new token, known as AXN. The project touted the asset as a new investment vehicle, claiming that it would be the most profitable blockchain of its kind to date. During the interim lead up to AXN’s airdrop, five separate teams allegedly examined the token’s code; industry darlings such as CertiK and Hacken were among those who conducted the audits.  A few short hours after the protocol’s freeclaim event, however, it became clear that something had gone awry. An unauthorized actor unexpectedly minted…

SEC Raises Fundraising Limits for Crypto Startups and Small Businesses

Key Takeaways The SEC has raised fundraising limits for companies that run securities offerings such as ICOs. The amendments also streamline the regulatory compliance requirements that companies must follow. Commissioner Hester Peirce is largely responsible for the success of these regulatory improvements. Share this article The SEC has raised the maximum limit that small- and medium-sized businesses can raise via token sales and other securities offerings. Streamlined Regulations with Higher Limits Commissioner Hester M. Peirce discussed the new fundraising limits on Nov. 2 as part of an SEC open meeting.…

Crypto derivatives volume more than triples spot trading

The digital asset industry as a whole looks significantly different than it did three years ago. A Wild West-esque year, 2017 boasted astronomical asset price increases and booming fundraises amid underdeveloped regulation. Some elements of 2017, such as initial coin offerings, have largely died off. Other niches, such as derivatives trading, have since experienced watershed growth, as noted in a recent report from United States crypto exchange, Kraken.  “Beginning with pioneers like Crypto Facilities, BitMEX, Deribit, BitVC (now HuobiDM), and OKCoin (now OKEx), deriviatives trading in crypto markets really took…

Bitcoin Bounces $500 After 7% Correction: What’s Next for BTC?

On Monday morning, Bitcoin plunged lower despite a rally in the price of equities. The price of the leading cryptocurrency currently is $13,700, around $500 above the daily lows at approximately $13,200. Analysts are divided over what comes next for Bitcoin in the short term. Some think that the cryptocurrency is likely to continue its consolidation as there are some uncertainties in global markets that could drive further downward Bitcoin pressure. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Bounces After Strong Correction After bottoming…

Huobi says all is fine amid massive USDT exchange deposits and BTC withdrawals

Crypto-Twitter has been abuzz with speculation about a large amount of USDT flowing into the Huobi crypto exchange. Significant amounts of Bitcoin (BTC) also appear to have exited the platform during the same period. The Singapore-based entity recently issued a statement claiming all is well. “We have noticed that recent events have sparked inquiries and speculation from some users,” Huobi said earlier today, adding:   “Huobi reiterates: ‘We are currently operating normally, user assets are safe, and trading, deposits and withdrawals are operating as expected.’” Twitter profile Whale Alert notified the…

Artist, gamer or property mogul? Follow the NFT road to find earnings

Nonfungible tokens are not a new phenomenon in the crypto space, as the emergence of blockchain technology has provided a useful base layer to create a sprawling economy for digital collectibles. Amid the growing appetite for digital art, in-game utility tokens and other forms of crypto collectibles, the NFT metaverse is experiencing a surge toward broad-based commercialization. Within the ecosystem lie numerous intersections among various industries such as arts and crafts, gaming, and virtual real estate. The 2020 decentralized finance hype has also helped to add more fuel to the…

SEC votes to simplify exempt offering rules for securities

The United States Securities and Exchange Commission voted to amend a set of rules to simplify and improve the “overly complex” procedures for exempt securities offerings. According to an announcement Monday from the SEC, the proposed changes aim to “harmonize, simplify, and improve” the existing “overly complex” framework to make it easier for companies to conduct offerings while still protecting investors. The regulatory body stated that the amendments would “address gaps and complexities” in the current exempt-offering framework, facilitating access to investment opportunities for investors and to capital for securities…

Number of monthly users increases 130% in 1 year

Brave Browser recently hit a major milestone: 20 million active monthly users, up from 8.7 million the same time last year. The number of active daily users has increased at a similar rate, from 3 million to 7 million. The number of verified content creators on the Brave platform has comparably expanded from 300,000 last year to nearly 1 million today. Brave is a privacy-focused browser that rewards participants for viewing ads using its Basic Attention Token (BAT). Many users choose to allot some or all of the tokens they earn…