Weekly CryptoNews

Weekly CryptoNews

BitMEX CEO Arthur Hayes: “Contrary to popular belief, Bitcoin requires volatility if it is ever to gain mainstream adoption. The price of Bitcoin is the best and most transparent way to communicate the health of the ecosystem. It advertises to the world that something is happening–whether that is positive or negative is irrelevant.”

The week started bullish for Bitcoin. On Wednesday, the price crossed the resistance at 50-day MA at $6,516 and afterward tested the next psychological resistance at $6,563. However, it failed to continue moving towards $6,662 and bounced back below $6,516. Despite the market speculations, the volatility of the digital asset remains extremely low. ATR is situated at its lowest levels. If buyers take over, it can push the price towards $6,516 again. In case of a bear market, the support lies at the pivot point at $6,400.


Other news:


  • The People's Bank of China is planning to ban airdrop as it can be used for conducting hidden ICOs.
  • Taiwanese financial regulator banned anonymous crypto transactions and obliged trading platforms to pass personal data of clients to it.
  • The Swiss financial market supervisory authority advised banks to set the risk coefficient for crypto assets at 800% to cover market and credit risks, regardless of whether the positions are held in the banking or trading book.
  • Tax regulating department of Thailand is planning to use blockchain for following the tax evasions.
  • Government banks of Venezuela started to show the sum on clients’ accounts in Petro cryptocurrency.
  • The Brazilian prosecutor's office started the investigation of the money-laundering through Deltec Bank which is Tether partner.
  • The BBVA bank from Spain gave the first credit with financial data recorded in blockchain Ethereum. The approximate sum of the loan is $150 million.
  • The French government will make the taxation for crypto asset owners easier. The tax will reduce from 36% to 30%.

New releases:

  • OKEx launched margin trading of XRP/BTC and LTC/BTC. As a result, Ripple rose and outperformed Ethereum, while Litecoin ignored the news.
  • It’s now possible to buy Litecoin for the fiat currencies at Litecoin.com.

Events to trade on BTC, Ethereum, Litecoin and Dash in the upcoming week:

November 12 - Bitcoin (BTC) - Bakkt Bitcoin BTC Futures Launch

November 15 - Bitcoin Cash (BCH) - Hard Fork

Bitcoin $6,406.8(+0.57%)

DASH $168.1 (-5.9%)

Ethereum $200.35 (+0.89%)

Litecoin: $50.5 (+1.90%)


Latest news

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera