Category Archives: Cryptocurrency News

Goldman Sachs Names Bitcoin the Best Asset of 2023

Analysts at the investment bank Goldman Sachs called bitcoin the best asset of the year – the rate of the first cryptocurrency among all major assets has grown the most in less than three months. In absolute terms, the first cryptocurrency has risen in price by 51% since the beginning of the year. The BTC rate has exceeded $28,000 and banking analysts expect a large-scale continuation of growth. Bitcoin outperformed IT (+15%), telecoms (+15%), consumer…

Binance Replaced BinanceUSD Safe Asset Fund with USDT and TUSD

The largest cryptocurrency exchange transferred its own Binance USD (BUSD) stablecoins, which were stored in the User Asset Protection Fund (SAFU), to the tokens of competitors TruUSD (TUSD) and Tether (USDT). The decision came shortly after partner project Paxos announced last month that it would no longer issue new BUSD. “Such an exchange is necessary so that the assets in SAFU continue to protect users in the long term. The market capitalization of BUSD continues…

American cryptocurrency exchange Coinbase plans to change jurisdiction

Amid a deteriorating regulatory and banking environment for national crypto companies, Coinbase plans to launch a new cryptocurrency trading platform outside the US. According to Bloomberg, Coinbase Global has begun preliminary discussions with international market makers about plans to potentially create a new cryptocurrency trading platform overseas. It is planned that at the initial stage, the alternative platform Coinbase will focus on serving global customers. This measure will circumvent numerous restrictions imposed by regulators on…

Former top manager of Coinbase: “In 90 days, bitcoin will cost $1,000,000”

Balaji Srinivasan, a venture capital investor and former CTO of cryptocurrency exchange Coinbase, has made a bet on the rise in the value of BTC to $1 million in the next 90 days. Balaji Srinivasan, a partner at investment firm Andreessen Horowitz , has tweeted that he is transferring $2 million into USD Coin (USDC) stablecoins to participate in a “million dollar” bet. Srinivasan believes that in the near future the world may be overwhelmed…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Bitcoin mining difficulty breaks new record

A new recalculation of the difficulty of mining the first cryptocurrency shows that the indicator has grown by 1.16% and reached 43.55 trillion hashes, setting another record. The new difficulty record makes bitcoin mining more time-consuming and less profitable. The previous record was set on February 25, when bitcoin mining difficulty reached 43.05 trillion hashes. The difficulty of mining in the network of the first cryptocurrency is recalculated about once every two weeks. The indicator…

Hedging, Scalping & News Trading – What Are They?

Hedging, Scalping & News Trading – What Are They?   These are commonly known strategies across the Forex and CFD trading markets, but what exactly are they? Here is a light guide for beginners who are interested in learning more about these trading techniques as well as, a brief introduction to technical and fundamental analysis.      1. Hedging To hedge, in trading, is to take an inverse position in an asset or trade that…

Lego plans to launch its own metaverse

The Danish giant Lego has unveiled plans to create a virtual world with the support of Epic Games, one of the influential companies in the gaming industry, creator of the online game Fortnite. Lego has promised that its users will be able to create sets in the metaverse. “We know very well how to immerse customers in the Lego universe in our stores. We are working very hard to create a digital immersive experience for…

Justin Sun, amid the collapse of Silicon Valley Bank, proposed creating a bank for the needs of the crypto industry

The founder of Tron on Sunday, March 12, took to social networks with a proposal to solve the problems that await the financial system in connection with the bankruptcy of Silicon Valley Bank. Justin Sun  thinks the SVB case is a wake-up call for bankers: “Recent incidents, such as the SVB situation, show the potential damage that can be done to other market participants. Now is the right time to create a bank that you…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…