The post These Altcoins May Bounce Back Once the Market Initiates a Recovery! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Avalanche(AVAX) Avalanche(AVAX) is considered one of the most significant blockchains which is more focused on transaction speed, low costs and being eco-friendly. The AVAX token rallied more than 4800% in 2021 and was attempting to undergo a similar rally to hit the $200 milestone at the earliest. However, the market trembled drastically since the previous …

The world’s largest asset manager, BlackRock has filed for the registration of the iShares Blockchain and Tech ETF that will track the investment results of the NYSE FactSet Global Blockchain Technologies Index. According to a Friday filing with the US Securities and Exchange Commission, the ETF will track companies involved in ‘(a) cryptocurrency mining, (b) cryptocurrency trading and exchanges, or (c) crypto-mining systems.’ The underlying index is also composed of ‘(i) blockchain technology companies, (ii) cryptocurrency mining, (iii) cryptocurrency trading and exchanges, (iv) crypto-mining systems, and (v) video multimedia semiconductors,’ per the filing. The proposed fund will not invest in crypto directly or indirectly via crypto derivatives but plans to invest at least 80% of its assets in stocks included in the index including 20% in futures, options, swap contracts, cash, and cash equivalents. The filing doesn’t come as a surprise as Salim Ramji, the head of BlackRock’s global ETF initially hinted on a blockchain-themed ETF during a December episode of Bloomberg’s ‘Trillions‘ podcast. At the time, he said that the company would hold its crypto ETFs to its high standards for liquidity and transparency. “As the regulatory environment becomes clearer, and as the underlying liquidity dynamics of that market become more to our satisfaction, that some of those dynamics will work in our favor,” he added. BlackRock’s move into crypto ETF’s already aligns with the company’s indirect investment in Bitcoin (BTC). The company has invested close to $400 million in Bitcoin (BTC) mining stocks throughout 2021. Earlier this month, the asset manager revealed that its Strategic Income Opportunities Fund (BASIX) and its Global Allocation Fund (MDLOX) could invest in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission (CFTC). BlackRock has nearly 400 iShares ETFs trading in the US, with combined assets under management of roughly $2.4 trillion. The firm’s total asset under management (AUM) stands at about $10 trillion.

The post BlackRock to Track Blockchain and Crypto Firms With New ETF appeared first on Cryptoknowmics-Crypto News and Media Platform.

The KuCoin cryptocurrency exchange, one of the leading global digital assets trading venues, has announced that it is celebrating the first anniversary of one of its most popular products – the KuCoin Trading Bot. The KuCoin Trading Bot has seen an immense rise in popularity since its initial launch in January of 2021, being used to create over 5.5 million automated trading constructs that have yielded in excess of $150 million in profits for the exchange’s users. The main advantages of the KuCoin Trading Bot reside in its ability to generate passive income and save considerable amounts of time and

The post KuCoin Celebrates Trading Bot Launch With Massive Handouts appeared first on The Merkle News.

Polygon is one of the most popular platforms for Metaverse crypto coins. It offers low fees and high-speed transactions perfect for crypto projects that require a lot of on-chain interaction. This article looks at the top five most popular Metaverse crypto coins built on Polygon in January 2022, ordered by 30-day users, lowest to highest. […]

The post Top 5 Most Popular Metaverse Crypto Coins Built on Polygon (January 2022) appeared first on NullTX.

In the absence of clear federal policy around bitcoin, state agencies will continue to coordinate their regulatory actions around users.

Nearly 37,000 construction and masonry professionals convened in Las Vegas this week for peer-to-peer connection, deal-making, education, and competition LAS VEGAS–(BUSINESS WIRE)–World of Concrete, Informa Markets’ premier exhibition serving the thriving construction and masonry industries, concluded the event’s 47th annual event held this past week – Expo, January 18-20; Education, January 17-20 – at the […]

The post World of Concrete 2022 Wrapped a Highly Productive and Well-Attended Event, Fueling Industry Connection and Advancement appeared first on Fintech News.

Bitcoin, the top asset in the industry has noted a sharp fall in prices over the last 24 hours. At press time, the king-coin depreciated by almost over 9.7%. Bitcoin dropped its value by almost $7,000 and was exchanging hands at $38,233.95. This marked an almost six-month low for the coin. This price level is the lowest ever since the first week of August last year. Following Bitcoin’s price action, altcoins followed suit as a majority of them were seen trading in the red at the time of writing. The global cryptocurrency market cap was at $1.95 trillion after a considerable fall of about 7.7% over the past day. The global crypto cap hadn’t dipped below the $2.11 Trillion mark in over 3 months now. This major plunge in value across the broader cryptocurrency market had caused roughly $200 Billion to leave the market. Ethereum, which is the second-largest cryptocurrency in regards to market capitalisation also registered a tumble of about 8% in the last 24 hours. Related Reading |TA: Bitcoin Dives Below $40K, Why Bulls Could Struggle In Near Term What Could Have Potentially Caused This Big Dump The bears had taken over the market, however, it isn’t safe to assume that the market would continue with a bearish outlook just yet. This could also be a price correction from which Bitcoin and major altcoins might recover over the upcoming trading sessions. This retracement in Bitcoin’s prices from $43,000 could have happened for a number of reasons. Needless to say, crypto markets are volatile, however, current price movements of the major cryptocurrencies can be tied to a couple of recent developments in the crypto space. This sudden substantial sell-off in prices could have been caused due to stock market weakness after the US Federal Reserve introduced high-interest rates and tapered the stimulus. The Fed hiking the interest rates in the form of tightening the overall monetary policy has, in turn, affected the unregulated market of cryptocurrencies. The cryptocurrency industry has also suffered the pangs of other recent regulatory measures. The most recent one is Russia’s blanket ban which has rocked the global cryptocurrency market. Other regulatory measures which have been set in motion to curb the rapid growth of digital asset has also had negative effects on the prices. Securities and Exchange Commission has signaled at scrutinising cryptocurrency exchanges. Environmental factors have also raised eyebrows of regulatory bodies, European Securities and Markets Authority (ESMA) wishes for the EU to ban the proof-of-work model. All of the above-cited reasons have sent shock waves across the crypto industry causing the fear index to point at 19, a number that corresponds to “Extreme Fear” in the market. Related Reading | TA: Ethereum Nosedives, Indicators Show Signs of Larger Downtrend Bitcoin Price Analysis: Crucial Trading Levels to Watch Out For Bitcoin was priced at $38,233.95 after the coin nosedived close to 9% at press time. The asset flashed a death cross, which is considered to be extremely bearish in nature. The prices were beneath the 20-SMA line, indicating that sellers were responsible for driving the price momentum in the market. Source: BTCUSD on TradingView.com The Relative Strength Index hurtled as it reflected the excessive selling pressure in the market. Currently, Bitcoin’s RSI was hovering beneath the 25-mark which meant that the asset was oversold and undervalued. The support level for the coin stood at $37,982.40 and a push from the bears could make BTC trade at that aforementioned level. The Average Directional Index was near the 50-mark, implying a strengthening of the current price trend in the market. The resistance price level for the coin was $39,829.16. Featured image from The Motley Fool, chart from TradingView.com

The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular interest as the regulator believes these carry risks of financial losses and fraud. Central Bank Asks Russian Banks for Details on Crypto-Related Transactions In late […]

The crypto market remained on its overall lower trajectory over the past 24 hours, as most…

The post Market highlights January 21: Bearish trend continues in crypto markets appeared first on Coin Journal.

KuCoin has reported its cumulative trading volume exceeded $1 trillion (Spot & Futures trading), and the average daily trading volume reached $3bn.

Introduction MEXC Global is a digital asset service provider known for being the exchange of high-performance and mega transaction matching ...

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The host of Mad Money, Jim Cramer, has warned about dogecoin (DOGE). He mentioned that the meme cryptocurrency is a safety and will probably be regulated. He additionally questioned the provision of dogecoin. Jim Cramer’s Dogecoin Warning Jim Cramer, the host of CNBC’s Mad Money, warned about investing in dogecoin (DOGE) Thursday. Cramer is a […]

The post Mad Money’s Jim Cramer Warns About Dogecoin — Says DOGE Is a Security, SEC Will Regulate – Altcoins Bitcoin News appeared first on Bitcoin Upload.