Bitcoin prices have been range-bound and consolidating for quite some time but jumped over 9% in the last 24 hours after Elon Musk’s tweet on Sunday. A number of crypto analysts are still unsure about bitcoin’s future price while a few expect a rebound from last month’s lows. One market report notes that bitcoin will …
Yearly archives: 2021
Experts: Regulatory Uncertainty and Slow Embrace Hampering Crypto Growth in Kenya
Regulatory uncertainty and the slow embrace of cryptocurrencies continue to be key impediments to the growth of Kenya’s digital currency market, experts say. They also assert that without speedy regulation, which they believe will hasten the adoption of digital currencies, Kenya’s sector will remain open to fraud. Kenya’s Embrace of Crypto Slow, Exchange Reps Point …
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Bitcoin price hits $40K as Paul Tudor Jones slams Fed inflation claims
A stunning BTC price surge accompanies concerns over the United States Federal Reserve’s “institutional credibility.” Bitcoin (BTC) passed $40,000 on June 14 as a consolidation period snapped to unleash a solid breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price breaks out past $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% …
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Lack of crypto regulations alarming, says Italy’s stock market regulator
Crypto growing to a $1.6 trillion market without adequate regulations is a major worry for the head of Italy’s stock market oversight agency. Paolo Savona, the chairman of the Commissione Nazionale per le Società e la Borsa (Consob) — Italy’s securities regulator — has raised alarms over crypto’s growing popularity in the absence of firm …
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Bitcoin sell pressure may hit zero in July thanks to Grayscale’s giant 16K BTC unlocking
The biggest single unlocking day will flush sellers from the market in July, opening up both volatility and bullish potential. Institutional Bitcoin (BTC) investors are in the spotlight as an upcoming major cashout date sparks talk of fresh price volatility. As noted by popular Twitter commentator Loomdart and others this week, attention is focusing on …
South Africa to revise national policy position on cryptocurrency
Strong retail interest in crypto has driven South African regulators to rethink how they classify cryptocurrencies. South Africa’s financial regulators are laying the groundwork for the “phased and structured” regulation of cryptocurrencies. The move presents a reversal of the largely hands-off approach taken for the past seven years and has been driven by increasingly high …
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Bitcoin Price Prediction: BTC/USD Price Averages the $40,000 Resistance
Bitcoin Price Prediction – June 14The market operation involving Bitcoin and the US Dollar now averages the $40,000 immediate resistance and the upper range trading zone. In the process of that scenario, the crypto’s price now trades around $39,222 level at a rate of about -0.05%.BTC/USD MarketKey Levels:Resistance levels: $40,000, $45,000, $50,000Support levels: $35,000, $30,000, …
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DOT Reaches $21.514 after a 2.8% Decline – How to Buy Polkadot
DOT is one of the booming altcoins because of the potential of its underlying Polkadot network. Its technology allows blockchains to communicate with each other to create one decentralised system that works in harmony. Polkadot has been making amazing gains in recent weeks, and the token is currently trading at around $21.51 at the time …
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5 Best Cryptocurrencies on Low 90-day Volatility to Buy Now
We’re going to explore the 5 best cryptocurrencies on low 90 days volatility. We picked the coins based on the Messari metrics. The report shows the annualized standard deviation of daily returns of crypto assets. Through the result, we could identify the 5 best cryptocurrencies on a low volatility journey within 90 days. Crypto price …
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China debuts blockchain-based digital yuan salary payments in Xiong’an
China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area. China is progressing with its central bank digital currency (CBDC) tests, debuting blockchain-enabled salary payments in the digital yuan. According to the official website of the Xiong’an New Area, the People’s Bank of China (PBoC) has successfully completed the nation’s …
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Bull trap fears engulf Bitcoin market as BTC paints CME gap below $40K
Spot Bitcoin prices rallied towards $40,000 over the weekend but hinted at bullish exhaustion as CME Bitcoin futures opened Monday with a $1,500-plus gap. A run-up towards $40,000 in the Bitcoin market risked exhaustion as Chicago Mercantile Exchange’s futures opened on Monday, June 14 with a gap of $1,575, the first since May 17. In …
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Korean banks will need to classify crypto exchange clients as ‘high risk’
A further tightening of cryptocurrency regulation in South Korea is underway, with new rules for banks and crypto exchange operators. New rules announced by South Korea’s Financial Services Commission, or FSC, are expected to affect around 60 unauthorized cryptocurrency exchanges in the country and a new policy for banks will require that they classify any …
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Block.one free to focus on $10B crypto business after lawsuit settlements
With legal troubles seemingly behind the company, Block.one could set its sights on finally making a significant dent in the crypto and blockchain space. EOSIO developer Block.one says it is focusing on its crypto business mandate after recently settling a class action lawsuit. In a blog post published on Friday, the blockchain software firm announced …
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DOGE Gains 3.6% in 24 Hours – How to Buy Dogecoin
Dogecoin’s performance this year has been nothing short of phenomenal. The currency has enjoyed massive gains this year and a 12000% increase led to this token reaching an all-time high of $0.73 in April. However, the coin retreated together with other tokens in May. At the time of writing, DOGE was trading at $0.32. Dogecoin …
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TIME Tokens and TimeWarp Staking Launch on Binance Smart Chain
PRESS RELEASE. The new initiative extends the Ethereum-based TimeWarp staking programme, which currently offers a yield of 224% APY. TimeWarp, a new DeFi farming opportunity backed by multiple real-world revenue streams, has just launched on Binance Smart Chain after a successful earlier launch on Ethereum. The initiative enables holders to stake TIME, the native token …
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