Author Archive: Jeremy Parkinson

Amazon Bitcoin Payment Rumors Spark Market Euphoria

Amazon Bitcoin Payment Rumors Spark Market Euphoria

This news was brought to you by Phemex, our preferred Derivatives Partner. Rumors have emerged that e-commerce giant Amazon is lining up crypto payments and a native crypto token. However, official sources are yet to confirm the information. London Newspaper says Amazon to Accept Crypto Payment Crypto markets rallied Sunday night following rumors that e-commerce […]
South Korea Proposes to Seize Crypto from Tax Evaders

South Korea Proposes to Seize Crypto from Tax Evaders

Key Takeaways South Korean tax authorities has proposed a law to seize and sell crypto assets held by tax dodgers in exchanges. The new revisions would force crypto exchanges to transfer crypto assets to the tax authorities immediately upon formal request. It would patch a hole in the current property seizure procedures prohibiting tax authorities […]
Bitcoin, Ethereum, and XRP Bullish after Weekend Gains

Bitcoin, Ethereum, and XRP Bullish after Weekend Gains

Key Takeaways Bitcoin is steadily rising toward $46,000 with little to no opposition ahead. Ethereum regained a significant support cluster that could fuel an upswing to $3,000. XRP presented a buy signal that has now been confirmed, presenting a target of $1.00.  This news was brought to you by Phemex, our preferred Derivatives Partner. The […]
Binance to Delist Three Fiat Pairs in Margin Account

Binance to Delist Three Fiat Pairs in Margin Account

Key Takeaways Binance has announced delisting of fiat pairs in EUR, GPB, and AUD in margin accounts from August. Binance CEO stated that they have started to reduce the upper leverage limit of derivatives account from 100x to 20x. The exchanges has been focused on complying with regulations worldwide. Binance announced the delisting of euro, […]
Axie Infinity Trading at Extremely Overbought Conditions

Axie Infinity Trading at Extremely Overbought Conditions

Key Takeaways Axie Infinity’s AXS token has risen by more than 250% in the past five days. AXS seems to have entered overbought territory based on technical and on-chain metrics. A spike in selling pressure could see the token price drop to $28. Axie Infinity has been posting massive gains while most cryptocurrencies have been […]
Bitcoin Targets $46,000 After Breaking Crucial Resistance

Bitcoin Targets $46,000 After Breaking Crucial Resistance

Key Takeaways Bitcoin seems to have broken out of a descending triangle pattern on its daily chart. A spike in buying pressure could see prices rise by more than 40% towards $46,200. Bitcoin must hold above the $32,700 demand barrier for the bullish outlook to remain intact. Bitcoin has turned a crucial resistance level into […]
Amazon Hiring Blockchain and Digital Currency Leader

Amazon Hiring Blockchain and Digital Currency Leader

This news was brought to you by Phemex, our preferred Derivatives Partner. E-commerce giant Amazon has published a job posting that aims to hire a digital currency and blockchain product lead. Hire Will Have Crypto Expertise The job posting notes that the hire will lead “Amazon’s Digital Currency and Blockchain strategy and product roadmap.” They […]
Cardano Prepares for 60% Price Move

Cardano Prepares for 60% Price Move

Key Takeaways Cardano’s price action is contained within two critical price points that will determine where it moves next. On the upside, slicing through the $1.30 resistance level would be vital for ADA to rise to $2.00. If the $1.00 support fails to hold, investors may need to prepare for a 60% crash. Cardano remains […]
Karura Swap Launches First DEX in Polkadot Ecosystem

Karura Swap Launches First DEX in Polkadot Ecosystem

This news was brought to you by ANKR, our preferred DeFi Partner. Karura has implemented the Polkadot ecosystem’s first decentralized exchange. Karura Swap Becomes First DEX on Kusama The Polkadot ecosystem has got its first decentralized exchange (DEX). Karura Swap, an automated market maker on Polkadot’s canary network Kusama, is now functional. The DEX was […]
Binance U.S. May Go Public, CEO Says

Binance U.S. May Go Public, CEO Says

Key Takeaways Changpeng “CZ” Zhao has said Binance’s U.S.-based division is considering an IPO. The update from the exchange’s CEO comes amid a wave of regulatory warnings over the exchange’s practices. Zhao has said that the exchange will ensure it complies with regulators. Speaking at an online event Friday, Binance CEO Changpeng Zhao said Binance […]