CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, CARDANO News, TETHER News

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, CARDANO News, TETHER News
Bitcoin Price Rebounds Why BTC Could Fight Around 100 SMA
Bitcoin price dropped to a new low of $ 43,000 before correcting higher against the US dollar.

After falling below $ 48,000, Bitcoin even continued to fall below the $ 45,000 support level. BTC tested the $ 43,000 zone and dipped below the 100-hour simple moving average.
It is currently correcting higher and trading above the $ 45,000 level. There was a break above the 50% Fibonacci retracement level of the recent decline from a high of $ 48,307 to a low of $ 43,004.
Ethereum Leveraged Long Positions Still Bullish, Miner Profits Decline In 1 Month
Ethereum is trading at $ 1,446 with a market cap of $ 166 billion.

According to the latest technical indicators, Ethereum is on its way to $ 2,000. While interest in Bitcoin has waned slightly, the Ethereum network's performance suggests an optimistic outlook, according to the network data provider Santiment. Bitmex's perpetual funding rate data currently shows that long leveraged positions for Ethereum are still above average bullish sentiment.
On the other hand, the total value of Ethereum 2.0 deposit contracts continues to rise and has now surpassed 3 million.

Dubai-based FD7 Ventures Launches New $ 250 Million Fund Targeted at Cardano and Polkadot
Indian developers using Cardano and Polkadot could get $ 250 million from this Dubai-based foundation.

According to a February 28 press release, Dubai-based FD7 Ventures is launching a new $ 250 million fund in Bangalore, India that will invest in development teams based on Polkadot and Cardano.

The volume of stablecoin on the network exceeded $ 360 billion in February
Adjusted monthly volume of stablecoins on the network hit a new high in February, surpassing $ 360 billion for the first time.

As expected, Tether dominated trading volumes. USDT accounted for 63.5% of the volume, of which 18.7% came from USD coins and 9.6% from DAI.
USDT also posted a record $ 232 billion in February. The stablecoin's market capitalization exceeded $ 30 billion as of February 10, suggesting that there is currently over $ 30 billion in circulation.
Stablecoin volume on the network

Tether is being extorted for $ 22 million worth of bitcoins
Tether supporters are desperate to try to blackmail a leading stablecoin issuer.

According to a Twitter post, 500 bitcoins are being extorted from Tether.
In the ransom note, the sender claimed that they would leak some damning documents that could harm the entire cryptocurrency industry if the stablecoin issuer does not comply with their demand.

ADA Cardano becomes 3rd largest cryptocurrency by market cap
The ADA is now making headlines as its value has soared.

The cryptocurrency has hit a new all-time high of $ 1.37 per coin, up 10% in the past 24 hours. The cryptocurrency has increased its price by 13% in the last week, 269% in the last month, 645% in the last 90 days and 2633% from last year.

Singapore's Diginex to Offer USD Loans with Bitcoin as Collateral, Asian Market Remains Hot
Diginex said it would allow traders to borrow bitcoins for short selling as part of a hedging strategy.

It turns out that more and more investment firms are leaning towards bitcoin and are willing to offer dollar-denominated loans with bitcoin as collateral. According to the latest SCMP report, Nasdaq-listed Singapore-based crypto exchange Diginex is poised to offer cryptocurrency lending and borrowing services to its customers from March 2020.

Bitcoin Profits Are Slowing Down According to Glassnode
Data from analyst firm Glassnode seems to indicate that investors may stop taking profits in the near future.

According to analysis by cryptocurrency data analytics firm Glassnode, there are signs that bitcoin investors are slowing down their profits even as BTC drops to $ 44,000.
Glassnode has researched the Exit Profit Spent Ratio - a measure of the total profit or loss of the cryptocurrency market. A SOPR reading above one suggests that investors are selling the crypto asset at a profit, and vice versa.

Crypto exchange accidentally sells bitcoins at a discount of 88% and asks for a return of bitcoins
PDAX crashed and accidentally sold BTC to users for $ 6,000

The largest cryptocurrency trading platform in Southeast Asia, the Philippines-based PDAX platform, suffered a technical glitch and accidentally sold BTC to users at $ 6,000, 88% below the $ 48,000 cryptocurrency price at the time.
The incident happened, according to Philippine news portal BitPinas, after the volume of transactions on the trading platform increased 70 times, resulting in a technical glitch that allowed orders to go through at such a large discount.