An increasing number of Latin American lawmakers are donning Lazer eyes on their Twitter avatars to express their support for Bitcoin and digital assets. Gabriel Silva, a Panamanian congressman, is moving to follow in El Salvador’s footsteps by proposing legislation to adopt Bitcoin and other cryptocurrencies on a national scale. El Salvador’s president, Nayib Bukele …
Continue reading “Latin lawmakers don lazer eyes on Twitter in support of Bitcoin”
Former top policymakers Jay Clayton and Brent McIntosh has defended the crypto regulatory regimes established during their respective government tenures. The regulatory pressure is mounting in the U.S., with more politicians questioning whether the current framework is adequate. An opinion piece penned for Wall Street Journal by former SEC Chairman, Jay Clayton, and former Undersecretary …
Continue reading “Former SEC head and treasury undersecretary defend US crypto regulations”
Institutional investors withdrew a record $141 million from Bitcoin investment products this past week. The latest report from analytics firm CoinShares shows that outflows from institutional BTC investment products continue to surge. According to CoinShares’ June 7 Digital Asset Fund Flows Weekly report, institutional investors are continuing to reduce Bitcoin exposure, with BTC investment products …
THETA and TFUEL rallied more than 50% as investors anticipate the upcoming Mainnet 3.0 launch. Major protocol upgrades can play a significant role in altcoin rallies regardless of the state of the wider cryptocurrency market because new features excite token holders and help to attract new investors. One ecosystem that has been heating up over …
Continue reading “Theta and Theta Fuel (TFUEL) soar ahead of June 30 mainnet launch”
News of a major adoption move has no impact on lackluster BTC price action prior to government approval — can anything lift Bitcoin out of its range? Bitcoin (BTC) begins another week below $40,000 — but with two major new landmarks under its belt. After falling over continued FUD from China over the weekend, Bitcoin …
Continue reading “BTC price doesn’t care about El Salvador? 5 things to watch in Bitcoin this week”
On-chain data shows long-term holders are back in accumulation mode after the recent shake-out cleared network congestion and shook out over-leveraged traders. The May 19 crypto market sell-off saw $1.2 trillion in value erased from the total market capitalization as the froth and excess leverage of over-hyped markets was quickly eliminated. But similar to a …
Continue reading “Bitcoin price is fragile, but on-chain data points to fresh accumulation”
Government officials did not specify the exact method used to seize the funds from the ransomware group. Officials with a United States government task force have seized more than $2 million in crypto used to pay for ransom following an attack on the Colonial Pipeline system. In a Monday press conference, Deputy Attorney General Lisa …
Continue reading “US officials recover $2.3M in crypto from Colonial Pipeline ransom”
Chainalysis tracked total U.S. dollar gains made by Bitcoin investors in 2020. The country comparison was drawn from an analysis of web traffic on various cryptocurrency exchanges. Emerging markets appear to be punching above their weight when it comes to Bitcoin (BTC) investment, offering further evidence of growing worldwide adoption, according to a new report …
Continue reading “Small countries are punching above their weight in terms of Bitcoin gains”
The latest rally in BTC shorts is similar to what appeared ahead of the Elon Musk-led May 19 market crash. Bitcoin (BTC) bulls should brace for a potential onslaught from bears as the number of margined short positions on Bitfinex jumps by a little over 378%. Known to most by the ticker BTCUSD Shorts, the …
Continue reading “Bears batter Bitcoin market sentiment as Bitfinex margin shorts surge 378%”
A growing number of analysts have flipped bearish on Bitcoin and expect a significant price drop, but analyzing data from the perpetual futures and options markets uncovers a contrasting narrative. Margin trading allows investors to borrow stablecoins or cryptocurrency to leverage their position and improve the expected return. For example, borrowing Tether (USDT) will allow …
Continue reading “Crypto Twitter says traders are short Bitcoin, but data shows otherwise”
The U.S. president has rarely made public statements on crypto and blockchain, though officials in his administration are reportedly reviewing current regulations. United States President Joe Biden will speak directly about cryptocurrency and its role in the attack on the Colonial Pipeline and other ransomware breaches, according to Biden’s national security adviser, Jake Sullivan. In …
Bitcoin and altcoins are likely to remain under pressure for a few days but lower levels could attract buying. United States Treasury Secretary Janet Yellen defended President Joe Biden’s latest massive spending package while speaking to Bloomberg. Yellen said it would be “a plus” for society even if it resulted in a higher interest rate …
Continue reading “Price analysis 6/7: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH”
Nayib Bukele says he wants to help entrepreneurs embrace El Salvador as a base, with Bitcoin free from capital gains tax. Bitcoin (BTC) hodlers who want to earn BTC tax-free will get help to stay in El Salvador, the country’s president has said. In a tweet on Monday, President Nayib Bukele said that his government …
Continue reading “Bitcoin users will get help relocating and working in El Salvador: President”
BTC The Bitcoin price bounce has stalled ahead of the $40,000 level and the coin is at risk of retesting the $30k lows from mid-May. The coin could look to set a more secure low at that level, but there is a risk of further losses, with little in the way of support to the …
Continue reading “Bitcoin Price at Risk of Further Lows, MSTR Buys $400m, TFUEL, DGB, FIL, Jun. 7”
The announcement comes the same day as ETC Group’s Bitcoin ETP began trading on the same exchange. Switzerland-based 21Shares, formerly known as Amun, has said it will make its Bitcoin (BTC) exchange-traded product available to traders in the United Kingdom through the Aquis Exchange. According to an announcement from 21Shares, its Bitcoin exchange-traded product (ETP) will …
Continue reading “Investment product issuer 21Shares will list Bitcoin ETP on Aquis Exchange”
