China News Today TheBitTimes.com

Cryptocurrency analyst Benjamin Cowen is warning that altcoins may collapse in their Bitcoin (BTC) pairs any moment now. In a new strategy session, Cowen tells his 900,000 YouTube subscribers that the TOTAL 3 chart, which tracks the market cap of all digital assets excluding Bitcoin, Ethereum (ETH) and stablecoins, remains in a downtrend against the flagship crypto asset and has yet to find a market bottom. “I don’t care how great you think your altcoin community is. I don’t care if your developers that you follow have not yet rugged you. Altcoins, in my opinion, are oscillators at best against Bitcoin, and many of them just bleed to Bitcoin. So if individually altcoins will bleed to Bitcoin, then collectively they should as well, and that’s the reason why I think alt/Bitcoin pairs will eventually find themselves down here [at 0.25]. I think it’s just a matter of time.” Source: Benjamin Cowen/YouTube A move toward the support ar...

Cryptocurrency exchange Coinbase will charge a fee for converting the stablecoin USD Coin (USDC) into USD. According to a Jan. 29 post on the exchange’s website, the cryptocurrency platform will charge a fee when institutional clients make net USDC to USD conversion s over $75 million “over a rolling 30-day period.” Conversions between $75 million and $150 million are subject to a 0.1% fee, while transactions between $150 million and $500 million are subject to a 0.15% fee. The exchange team emphasized that there will be a 0.2% fee for converting USDC into US dollars worth more than $500 million. “Coinbase Prime clients with over $500 million of assets on the platform or holding on average $100 million in USD/USDC over a calendar month are exempt from USDC Conversion Fees.” Coinbase team Additionally, Coinbase exchange liquidity program participants “who meet Tier 1 or Tier 2 requirements” will have USDC conversion fees waived wheneve...