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Bitcoin continues to ‘mirror’ 2017 as weekend sees third attack on $25K

Bitcoin (BTC) tapped $25,000 for a third time on Feb. 19 as an all-important weekly close approached.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Analysis warns over whale moves

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $25,038 on Bitstamp.

Out-of-hours trading continued to see bulls pushing for a support-resistance flip of the key level, this marking the start of a major resistance cloud involving several long-term trend lines.

With everything to play for into the weekly close, the atmosphere among traders was tense.

“Sunday price movement can typically only be trusted towards daily close. Other than that, just gotta hope it stays in current range," popular trader Josh Rager acknowledged on Twitter.

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Market Analysis

5 ways to monetize your digital art with NFTs

Monetizing digital art with NFTs provides proof of ownership, increased value and potential for royalties.

Blockchain

5 ways to monetize your digital art with NFTs

Monetizing digital art with NFTs provides proof of ownership, increased value and potential for royalties.

Ethereum

'Privacy has become a taboo,' says crypto anarchist project DarkFi

A group of pseudonymous developers from DarkFi spoke with Cointelegraph on how crypto is evolving amid privacy challenges, bad actors and government oversight.

Blockchain

San Francisco federal bank eyes CBDC system development, reveals job posting

Within 24 hours of the job posting, 45 applicants have shown interest in joining the federal government to build an in-house CBDC.

Blockchain

Voyager creditors serve SBF a subpoena to appear in court for a ‘remote deposition’

Bankman-Fried has only a few days to meet document requirements before his appearance in court next week.

Regulations

ShapeShift responds to Sen. Warren’s comments to ‘set the record straight’

Switzerland-based crypto platform claimed Warren made “mistakes” in comments at a recent senate hearing and encouraged her to “constructively engage” with its community.

Regulations

SEC sues Do Kwon, Paxos ready to litigate, SBF’s VPN: Hodler’s Digest, Feb. 12-18

Top Stories This Week Paxos ‘categorically disagrees’ with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells Notice sent to its issuer, Paxos Trust Company. The SEC alleges the organization failed to register BUSD under federal […]

Ethereum

SEC sues Do Kwon, Paxos ready to litigate, SBF’s VPN: Hodler’s Digest, Feb. 12-18

Top Stories This Week

Paxos ‘categorically disagrees’ with the SEC that BUSD is a security

The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells Notice sent to its issuer, Paxos Trust Company. The SEC alleges the organization failed to register BUSD under federal securities laws. The firm, however, “categorically disagrees” with the authority’s view, and it’s prepared to “vigorously litigate” the matter in the U.S. courts. Also this week, Paxos was given directions from the New York Department of Financial Services to halt the issuance of new BUSD tokens. The department allegedly received a complaint last year from Circle — another stablecoin issuer — claiming that Binance’s reserves were insufficient to back BUSD.

SEC sues Do Kwon and Terraform Labs for fraud

The U.S. SEC has also filed a lawsuit against Terraform Labs and its founder Do Kwon for allegedly “orchestrating a multi-billion dollar crypto asset securities fraud.” The regulator said Kwon and Terraform offered and sold an “inter-connected suite of crypto asset securities, many in unregistered transactions.” It pointed to the firm’s now-collapsed algorithmic stablecoin, TerraClassicUSD (USTC) and its connected cryptocurrency Terra Classic (LUNC). The complaint seeks charges for violations of registration and anti-fraud provisions of securities laws.

Read also

Features

Are CBDCs kryptonite for crypto?

Features

Crypto innovators of color restricted by the rules aimed to protect them


Market Analysis

SEC sues Do Kwon, Paxos ready to litigate, SBF’s VPN: Hodler’s Digest, Feb. 12-18

Top Stories This Week

Paxos ‘categorically disagrees’ with the SEC that BUSD is a security

The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells Notice sent to its issuer, Paxos Trust Company. The SEC alleges the organization failed to register BUSD under federal securities laws. The firm, however, “categorically disagrees” with the authority’s view, and it’s prepared to “vigorously litigate” the matter in the U.S. courts. Also this week, Paxos was given directions from the New York Department of Financial Services to halt the issuance of new BUSD tokens. The department allegedly received a complaint last year from Circle — another stablecoin issuer — claiming that Binance’s reserves were insufficient to back BUSD.

SEC sues Do Kwon and Terraform Labs for fraud

The U.S. SEC has also filed a lawsuit against Terraform Labs and its founder Do Kwon for allegedly “orchestrating a multi-billion dollar crypto asset securities fraud.” The regulator said Kwon and Terraform offered and sold an “inter-connected suite of crypto asset securities, many in unregistered transactions.” It pointed to the firm’s now-collapsed algorithmic stablecoin, TerraClassicUSD (USTC) and its connected cryptocurrency Terra Classic (LUNC). The complaint seeks charges for violations of registration and anti-fraud provisions of securities laws.

Read also

Features

Are CBDCs kryptonite for crypto?

Features

Crypto innovators of color restricted by the rules aimed to protect them


Altcoins

SEC sues Do Kwon, Paxos ready to litigate, SBF’s VPN: Hodler’s Digest, Feb. 12-18

Top Stories This Week Paxos ‘categorically disagrees’ with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells Notice sent to its issuer, Paxos Trust Company. The SEC alleges the organization failed to register BUSD under federal […]

Bitcoin

SEC sues Do Kwon, Paxos ready to litigate, SBF’s VPN: Hodler’s Digest, Feb. 12-18

Top Stories This Week Paxos ‘categorically disagrees’ with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells Notice sent to its issuer, Paxos Trust Company. The SEC alleges the organization failed to register BUSD under federal […]

Blockchain

SEC sues Do Kwon, Paxos ready to litigate, SBF’s VPN: Hodler’s Digest, Feb. 12-18

Top Stories This Week Paxos ‘categorically disagrees’ with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells Notice sent to its issuer, Paxos Trust Company. The SEC alleges the organization failed to register BUSD under federal […]

Regulations

SEC sues Do Kwon, Paxos ready to litigate, SBF’s VPN: Hodler’s Digest, Feb. 12-18

Top Stories This Week

Paxos ‘categorically disagrees’ with the SEC that BUSD is a security

The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells Notice sent to its issuer, Paxos Trust Company. The SEC alleges the organization failed to register BUSD under federal securities laws. The firm, however, “categorically disagrees” with the authority’s view, and it’s prepared to “vigorously litigate” the matter in the U.S. courts. Also this week, Paxos was given directions from the New York Department of Financial Services to halt the issuance of new BUSD tokens. The department allegedly received a complaint last year from Circle — another stablecoin issuer — claiming that Binance’s reserves were insufficient to back BUSD.

SEC sues Do Kwon and Terraform Labs for fraud

The U.S. SEC has also filed a lawsuit against Terraform Labs and its founder Do Kwon for allegedly “orchestrating a multi-billion dollar crypto asset securities fraud.” The regulator said Kwon and Terraform offered and sold an “inter-connected suite of crypto asset securities, many in unregistered transactions.” It pointed to the firm’s now-collapsed algorithmic stablecoin, TerraClassicUSD (USTC) and its connected cryptocurrency Terra Classic (LUNC). The complaint seeks charges for violations of registration and anti-fraud provisions of securities laws.

Read also

Features

Are CBDCs kryptonite for crypto?

Features

Crypto innovators of color restricted by the rules aimed to protect them


Weekly Overview

How the Ordinals movement will benefit the Bitcoin blockchain

The increasing popularity of Bitcoin NFTs, or Ordinals, will impact posively the security of the Bitcoin network and attract developers to the ecosystem, according to Ordinals proponent Udi Wertheimer.

Bitcoin

How the Ordinals movement will benefit the Bitcoin blockchain

The increasing popularity of Bitcoin NFTs, or Ordinals, will positively impact the Bitcoin network’s security and attract developers to the ecosystem, according to Ordinals proponent Udi Wertheimer.

Blockchain

The economics of cryptocurrency mining: Costs, revenues and market trends

Explore the economics of cryptocurrency mining and the challenges and opportunities that exist in this rapidly evolving industry.

Bitcoin

The economics of cryptocurrency mining: Costs, revenues and market trends

Explore the economics of cryptocurrency mining and the challenges and opportunities that exist in this rapidly evolving industry.

Blockchain

Bitcoin faces do-or-die weekly, monthly close with macro bull trend at stake

Bitcoin monthly RSI provides a window of hope as BTC bulls battle multiple long-term resistance trend lines at once in February.

Bitcoin

Bitcoin faces do-or-die weekly, monthly close with macro bull trend at stake

Bitcoin (BTC) is leaving traders guessing as the bull market's future depends on the last week of February.

In multiple tweets on Feb. 17, popular trader and analyst Rekt Capital flagged crucial resistance battles ongoing on BTC/USD across multiple timeframes.

Bitcoin price squares off with bear market downtrend

Bitcoin hit new six-month highs this week as the latest innings of its 2023 recovery kept the bull-bear debate raging.

After a consolidatory start to the month, February has become a reckoning point for Bitcoin price strength. Gains have been harder to cement than in January, when BTC/USD finished up nearly 40%.

For Rekt Capital, now is the time to pay attention — whether trading daily, weekly or even monthly timeframes.

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