As traders responded to July’s nonfarm payrolls reports, Bitcoin was consolidating Friday’s gains to begin the weekend. After the data was released, Bitcoin/USD surged up to an intraday high of $23,422.83 Friday. This sentiment is now somewhat fading, as prices fell to $22,800.36 today. This is because bitcoin bulls decided to liquidate their positions earlier to make […]
Bank of England’s Cunliffe Warns Crypto Is ‘Prone to Collapse’ – Touts ‘Same Risk, Same Regulatory Outcome’
Sir Jon Cunliffe (deputy governor for financial stability, Bank of England) discussed cryptocurrency regulations and risks this week at the residence of the British High Commissioner in Singapore. An executive at the Bank of England warned: Assets that have no intrinsic value…are only worth what the next buyer pays. They are inherently volatile and very susceptible […]
Goldman Sachs executes first Bitcoin futures trade in Asia
Despite the cryptocurrency market still reeling from the collapse it has gone through in the past weeks, major financial institutions are increasingly recognizing the opportunities that the new asset class can offer. One of them is the banking giant Goldman Sachs (NYSE: GS), which has executed the first block trade of Bitcoin ( BTC) futures in Asia, through the intermediation of […]
Bitcoin’s decline is oversold, but it’s too early to talk about a new rally
Bitcoin traded at $20,800, 5% higher than it was 24 hours ago. Ethereum saw a 6.4% increase in trading volume to $1130 during the same period. The top 10 altcoins are increasing from 3.5% (XRP), to a remarkable 15% (Solana). According to CoinMarketCap the total cryptocurrency market capitalization rose 5% to $914bn Tuesday’s cryptocurrency fear and greed index remained […]
U.S. Senator Lummis calls Bitcoin ‘the hardest money ever been created’
After unveiling the first cryptocurrency bill, Cynthia Lummis, a United States senator from Wyoming, referred to Bitcoin ( BTC) as the “hardest money ever made” in just a few seconds. Lummis stated during an interview with CNBC’s SquawkBox Show that Bitcoin offers the potential to diversify portfolios and act as a store value. Lummis was answering a question about her […]
Japan’s Second Largest Bank To Launch Institutional Bitcoin, Crypto Custodial Services
According to a report from Nikkei Asia, Sumitomo Mitsui Trust (Japan’s second-largest bank) is creating Japan Digital Asset Trust to provide custodial services to bitcoin and other cryptocurrency for institutional clients. According to reports, the new company will keep assets such as bitcoin and other cryptocurrency for corporations and large investors because it believes that investors […]
Twitch battles fake Elon Musk streams again with scam bitcoin giveaways
Many cryptocurrency continue to gain popularity and ill-intentioned users advertise fake giveaways of the most famous token. These users may be able to access the wallet of the winner to take out any valuable assets. Twitch started rapidly displaying Bitcoin ‘giveaway streams in November 2020. They used old Elon Musk clips to get viewers to jump to the […]
NFT Marketplace Opensea to Add Credit Card, Apple Pay Support via Moonpay
According to a Tweet by the company Moonpay, Opensea users will soon be able to pay with credit cards even if they don’t have any crypto assets. Moonpay explained Friday that you can sail the Opensea using your card. The firm stated that NFTs will soon be available to purchase with Visa, Mastercards, Apple Pays, Google Pays, and other […]
Ukraine’s Largest Bank Suspends Money Transfers to Crypto Exchanges
Ukraine’s largest bank in terms of assets, Privatbank, has prohibited its clients from transferring funds in Ukrainian hryvnia, the national fiat currency, to exchanges trading cryptocurrencies. The temporary ban has been introduced on March 16. According to a statement, quoted by the crypto news outlet Forklog, the measure stems from a resolution issued by the […]
Bank of Spain Approves Its First VASP License
The Bank of Spain approved Bit2me as the first platform to be officially recognized in the country as a virtual asset service provider (VASP). Bit2me, a Spanish-based cryptocurrency platform, was granted the license to operate in the country. It has worked closely with the regulator to prove it meets the legal requirements. The exchange proclaimed, and stated […]