When people think about bitcoin’s past they sometimes refer to subjects like Mt Gox, the Silk Road, or the famous pizza transaction. Although, people often forget that the online virtual world Second Life played an important role during the Bitcoin network’s early years. In fact, some large Linden dollar (L$) holders who swapped their virtual …
Continue reading “A Look at How Second Life’s Linden Dollars Helped Kickstart Bitcoin’s Value”
South Africa’s Johannesburg Stock Exchange (JSE) has rejected a request by the asset management firm, Sygnia, to list a new bitcoin exchange-traded fund (ETF). In justifying its rejection of the latest proposal by Sygnia, the JSE cites the “lack of a regulatory framework for cryptocurrencies as the reason.” Unexpected Rejection Meanwhile, a report suggests that …
The Lebanese pound dropped to a new low on Sunday against the greenback trading in the low 1,500s range to the U.S. dollar. Lebanon’s currency has been in a downward spiral since 2019, as the pound has lost 90% of its value since then. Reports note that Lebanese citizens are facing shortfalls on basic goods …
Bitcoin has been experiencing a strong gain in recent weeks after a devastating meltdown in May that made the token lose nearly 50% of its value. Compared to altcoins, bitcoin has been showing overwhelming resistance and looking at its values now, the coin seems to be regaining, and we may be back to the above …
Continue reading “Bitcoin Jumps 12% to $39,338 – Where to buy BTC Bulls”
Musk leaves the door open for Tesla to accept Bitcoin again, sparking a run to near $40,000 — but will it hold? Bitcoin (BTC) starts a new week on a pleasant high thanks to a boost from a familiar source, Elon Musk. Are the good times back? After spending weeks languishing close to $30,000, Bitcoin …
Continue reading “Elon Musk, $40K and no demand: 5 things to watch in Bitcoin this week”
Dutch finance minister Wopke Hoekstra is confident that supervision is more effective than banning crypto outright. A cryptocurrency ban is not the right solution for the Netherlands, the country’s finance minister reportedly said after a local official called for a total ban on crypto. The Netherlands should regulate the cryptocurrency market instead of prohibiting its …
Remittance firms operating in El Salvador appear reluctant to support Bitcoin despite the country’s new law mandating the crypto asset as legal tender. Despite El Salvador’s recently passed law mandating Bitcoin as legal tender, local remittance firms are reportedly hesitant to adopt BTC. Speaking to Reuters, Autonomous Research fintech analyst, Kenneth Suchoski, argued that remittance …
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Tanzania’s president wants the country’s central bank to begin exploring Bitcoin and digital assets. Tanzania appears to be the latest emerging economy poised to embrace Bitcoin and crypto assets. On June 14, Tanzanian president Samia Suluhu Hassan urged the country’s central bank to begin exploring crypto assets. Hassan emphasized the increasing impact of digital assets …
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Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June. …
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The director of the Netherlands’ Bureau for Economic Policy Analysis, a part of the country’s Ministry of Economic Affairs and Climate Policy, has predicted “The ultimate collapse of the crypto bubble.” He urges the government to ban bitcoin and other cryptocurrencies immediately. However, the country’s finance minister disagrees that banning cryptocurrency is right for the …
The president of the European Central Bank (ECB), Christine Lagarde, has shared her view on El Salvador making bitcoin legal tender. She confirmed that the central bank’s policy on bitcoin and other cryptocurrencies has not changed. ECB’s Lagarde Comments on El Salvador Making Bitcoin Legal Tender ECB President Christine Lagarde has shared her view last …
Investment bank JPMorgan Chase has warned of a further bitcoin price decline, expecting an incoming bear market. The bank’s analysts look at the trend in bitcoin futures and see “an unusual development and a reflection of how weak bitcoin demand is at the moment from institutional investors.” However, a number of people disagree with this …
Bitcoin price is still 38% away from its all-time high but a handful of technical indicators suggest bulls are gathering strength. Bitcoin (BTC) price saw a bullish turn of events on June 13 as the price broke out to $39,252 but many analysts are still on the fence when it comes to determining whether the …
Continue reading “Bitcoin price moves toward $40K as on-chain and technical analysis favor bulls”
Bitcoin Price Prediction – June 13 The Bitcoin price touches the major resistance level at $37,490 instead of just battling with supports. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $43,000, $45,000, $47,000 Support Levels: $30,000, $28,000, $26,000 BTCUSD – Daily chart Buy Bitcoin Now BTC/USD is currently pushing the price above the …
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Tesla CEO Elon Musk has announced that when there is “confirmation of reasonable (about 50%) clean energy usage by miners with positive future trend,” his electric car company will start accepting bitcoin for payments again. Elon Musk Reveals When Tesla Will Resume Accepting Bitcoin Tesla CEO Elon Musk talked about when Tesla will resume accepting …
