Bitcoin traded in a tight range around $46,000 on Tuesday. Some traders prefer to remain on the sideline until the U.S. Federal Reserve concludes its two-day monetary policy meeting on Wednesday, which could be a source of market volatility.Despite relative calm in crypto markets, equities traded lower as the CBOE Volatility Index (VIX) remained elevated around the 20 level. It … [Read more...] about Market Wrap: Cryptocurrencies Stabilize as Traders Await the Fed
Cryptocurrencies
Market Wrap: Cryptocurrencies Stabilize as Some Traders Buy the Dip
Bitcoin was roughly flat over the past 24 hours as buyers attempted to continue to reverse some of last weekend’s losses. Some short-term traders are buying on dips, while others remain cautious about what crypto prices will be over the next month.“In spite of the shock sell-off, volatility markets remain relatively calm. The knee-jerk spike in BTC and ETH implied volatility … [Read more...] about Market Wrap: Cryptocurrencies Stabilize as Some Traders Buy the Dip
Vladimir Putin says cryptocurrencies ‘bear high risks’
On Tuesday, Vladimir Putin, President of the Russian Federation, voiced his criticism at the "Russian Calling" investment forum in Moscow. According to local news outlet lenta.ru, the president made the following remarks, as translated by Cointelegraph:"It is not backed by anything, [and] the volatility is colossal, so the risks are very high. We also believe that we need to … [Read more...] about Vladimir Putin says cryptocurrencies ‘bear high risks’
Hackers Are Attacking Cloud Accounts to Mine Cryptocurrencies, Google Says
Of the 50 hacked Google Cloud Platforms or GCPs, 86% of them were used for cryptocurrency mining, which typically consumes large amounts of computing resources and storage space, Google’s Cybersecurity Action Team wrote in the report. The remainder of the hacking activities included phishing scams and ransomware. Source link … [Read more...] about Hackers Are Attacking Cloud Accounts to Mine Cryptocurrencies, Google Says
Indian Govt Submits Bill That Would Ban Most Cryptocurrencies, Dashing Hopes for Friendlier Measure
The Indian government still seeks to ban most cryptocurrencies under a long-awaited cryptocurrencies bill submitted for consideration at Parliament’s so-called Winter Session.While the measure appears to be essentially the same as the draft bill submitted in January, expectations had grown in recent months that the government had softened its view on crypto and would perhaps … [Read more...] about Indian Govt Submits Bill That Would Ban Most Cryptocurrencies, Dashing Hopes for Friendlier Measure