India’s Supreme Court overturned their central bank’s ban on cryptocurrency trading, lifting the ban that had been in effect since April 2018.
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Crypto Corrects After Coronavirus Catalyst Puts End to Epic Run… But the Halvening is Still Coming Up
After an epic run crypto is seeing a correction that seems to be correlating with Coronavirus fears in other markets.
Coinbase has announced they will be listing Kyber (KNC) AKA Kyber Network. Transfers begin on Monday, February 24. It is likely Kyber will also launch on Coinbase soon since it is getting both KNC/USD and KNC/BTC pairs.
Starting Feb 12 Coinbase Pro will offer margin trading up to 3x for users in some states.
The ETHE premium, like the GBTC premium, can be a signal of crypto sentiment (and more-so with ETHE, ETH sentiment). However, it can also signal that ETHE is overbought.
LTC/BTC looks like it is breakout of its downtrend. This is just one of many BTC and USD pairs that is showing strength here in late January 2020.
Bitcoin is arguably back in bull mode after correcting for the second half of 2019.
Square Crypto, a subsidiary of Square, launched its first product. The new product is a Lightening Development Kit for Bitcoin’s Lightening Network.
It seems as though the latest Ethereum Classic hard fork Agharta, which ensures computability with Etehreum (ETH), was cause enough to spark an ETC bull run.
The crypto market is lighting up green with BCH, BSV, and DASH making notable runs as Bitcoin breaks out of its downtrend channel.