Bitcoin (BTC) kept traders guessing with rangebound action on June 30 after a push beyond $37,000 resistance ended in rejection. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wyckoff stresses $32,300 support Data from Cointelegraph Markets Pro and TradingView showed a day of reversal for BTC/USD on Wednesday, the pair down 4.5% hitting $34,500. After accelerating upwards …
Continue reading “Bitcoin sees 4.5% dip amid warning BTC price indicator bottom may still come”
China continues expanding the scope of its central bank digital currency (CBDC) by debuting digital yuan payments for transport services. According to an official Wednesday announcement, the Beijing subway has launched a pilot program enabling passengers to access 24 subway lines and four suburban railway stations using the digital yuan, also known as e-CNY. The …
India’s reserve bank has long since condemned the use of cryptocurrencies, but other than the Supreme Court striking down its 2018 bill last year, the Indian government’s stance on cryptocurrencies has been largely uncertain. On one hand, top sources tracking the government’s stance say it has shifted away from the idea of a complete ban. …
Continue reading “Slow, but not steady: India’s stance on Bitcoin and crypto is evolving”
According to Willy Woo, China banning Bitcoin mining is helping BTC remove the last area of major centralization Banning Bitcoin mining and trading makes BTC stronger, more resilient 2021 will go down in history as the year countries, corporates, funds, and high net individuals pushed for Bitcoin adoption Veteran Bitcoin analyst, Willy Woo, is of …
Continue reading “China is Helping Bitcoin Remove the Last Area of Major Centralization”
Crypto analyst and trader Michaël van de Poppe is outlining the crucial price levels for Bitcoin, Ethereum and Cardano as the broader crypto markets begin to flash signs of strength. Van de Poppe tells his 348,100 Twitter followers that he wants BTC to flip former resistance at $35,000 into support in order to sustain its …
Institutional investors are looking for ways to participate in the crypto market without going out of the regulated space or mastering the advanced technology behind Bitcoin (BTC), and asset managers are finding alternative solutions to meet the need. Paris-based investment management company Melanion Capital partnered with index platform Bita to launch the Melanion Bitcoin Exposure …
Continue reading “New Bitcoin exposure Index to track equities that perform like BTC”
Aswath Damodaran, professor of finance at New York University’s Stern School of Business, has reiterated his criticism of Bitcoin (BTC). Appearing on episode 10 of the Moneycontrol Masterclass program, the NYU professor doubled down on his longstanding repudiation of Bitcoin as currency. According to Damodaran, Bitcoin’s limited use in microtransactions flies in the face of …
Continue reading “Bitcoin has failed miserably as currency, says NYU’s ‘dean of valuation’”
Despite BNY Mellon’s entrance into Bitcoin (BTC), the CEO of one of the company’s asset management units is still sceptical about major risks associated with the world’s largest cryptocurrency. Francesca Fornasari, head of currency solutions at BNY Mellon’s subsidiary Insight Investment, believes that Bitcoin may not be suitable for most institutional investors due to extreme …
Continue reading “Bitcoin volatility still a concern for CEO of BNY Mellon subsidiary”
Institutions are holding their breath when it comes to buying more Bitcoin (BTC), even at $34,000. According to data covering BTC balances on major exchange Coinbase, little mass buying has occurred in recent weeks. Institutional demand “still low,” says analyst Despite BTC/USD trading at over 50% below its recent all-time highs, there is curiously little …
Continue reading “Institutional investors aren’t buying Bitcoin at 50% of all-time highs …for now”
Centre has announced plans on offering USD Coin (USDC) beyond the Ethereum Network In the coming months, USDC will soon become available on 10 additional blockchains They include Avalanche, Celo, Flow, Hedera, Kava, Nervos, Polkadot, Stacks, Tezos, and Tron USDC is already fully implemented on Algorand, Stellar and Solana USDC’s market cap at $25.3 Billion …
Continue reading “USDC To Soon Be Available on Tron, Polkadot, Tezos and 7 More Chains”
In a Tuesday interview with news outlet CNBC, US Senator Cynthia Lummis said Bitcoin and other cryptocurrencies should be a part of one’s retirement portfolio alongside other assets as they are a good ‘store-of-value.’ “Okay well, I would like to see cryptocurrency, like Bitcoin, become part of a diversified asset allocation that is used in …
Continue reading “US Senator Cynthia Lummis says Bitcoin should be part of ‘retirement portfolio’”
Crypto exchange Coinbase is turning towards ‘decentralization’ in future products Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Coinbase › DeFi Coinbase, among other centralized exchanges, are acknowledging a need for decentralization in the future. Atul Ajoy · June 30, 2021 at 8:00 am UTC · …
Continue reading “Crypto exchange Coinbase is turning towards ‘decentralization’ in future products”
As crypto markets saw some recovery on Tuesday, decentralized finance tokens and applications have once again started swelling in value. Decentralized exchange (dex) trade volumes have increased a great deal, as daily swap volumes stemming from Ethereum-based dex applications have doubled since Monday. Pancakes, Sushi, and Unicorns Decentralized finance continues to astonish, as billions of …
Compound, one of the leading defi-based protocols, is launching a new service called Treasury. Compound’s Treasury is a new product designed to help institutions enter the defi space. Launched in partnership with Circle and Fireblocks, it skips the uber astounding rates conventional defi protocols offer. However, it seeks to offer stable revenue for companies looking …
Continue reading “Compound Launches Treasury to Introduce Institutions to Defi”
Small hydropower plants have been put up for sale in China as demand for their cheap energy decreases following the government’s crackdown on crypto miners. Just as with mining rigs, their prices have been going down, leaving owners with limited options to recoup their investments. Ads for Hydropower Plants Appear on Xianyu Marketplace Advertisements for …
Continue reading “Hydropower Stations Up for Sale Amid China’s Crackdown on Crypto Mining”
