Bitcoin

Top 5 cryptocurrencies to watch this week: BTC, BCH, EOS, XMR, XTZ

Top 5 cryptocurrencies to watch this week: BTC, BCH, EOS, XMR, XTZ

  Demand and supply metrics determine the price of an asset and data from Glassnode, an on-chain data firm, shows that Bitcoin’s (BTC) liquid supply has been decreasing since June 2020. This signals that traders owning Bitcoin are not selling their holdings. While the supply is shrinking, demand has been going up in the past […]

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Institutional adoption underscores urgency of clear crypto rules, says Hester Pierce

As institutions move into the cryptocurrency space, the need for clear rules regarding digital assets is critical, an official at the Securities and Exchange Commission said. SEC commissioner Hester Peirce believes that clear cryptocurrency rules are needed now more than ever due to firms like Tesla and Mastercard actively embracing the alternative asset class. Peirce […]

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SBI looking to set up joint crypto ventures with foreign firms

Japanese financial conglomerate SBI Holdings is reportedly planning to set up a joint cryptocurrency venture with foreign financial companies. SBI CEO Yoshitaka Kitao said that the Japanese company is in talks with other financial firms to launch a crypto venture, Reuters reports Feb. 15. The executive said that SBI currently has two potential deals. As […]

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India crypto ban is like banning internet, says former Coinbase CTO

Former Coinbase chief technology officer Balaji Srinivasan thinks India’s impending cryptocurrency ban would be akin to banning the internet and could cost the country trillions of dollars in potential profits. Speaking in an interview with The CapTable, Srinivasan said a blanket ban on Bitcoin (BTC) and other cryptocurrencies would simply redirect trade revenue to nearby […]

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$1.89B liquidated: Why did Bitcoin and ETH price correct sharply overnight?

In the last 24 hours, $1.89 billion worth of futures positions have been liquidated after Bitcoin (BTC) and Ether (ETH) sharply fell, with BTC reaching below $46,000 on Binance. BTC/USDT 15-minute price chart (Binance). Source: TradingView.com Most of the liquidations came from Bitcoin and Ether, which accounted for $555 million and $336 million, respectively. But […]

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Thai SEC schedules hearings to address crypto investor qualifications

A major financial regulator in Thailand is looking to determine qualifications for cryptocurrency traders to ensure investor protection. The Securities and Exchange Commission of Thailand has scheduled a public hearing this month to address specific requirements for investors who want to open a crypto trading account, local news agency The Bangkok Post reported Monday. By […]

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BNY Mellon’s crypto entrance seeks to bridge generational adoption gap

While the naysayers continue to wish for the so-called “Bitcoin bubble” to burst, the premium cryptocurrency continues to scale to new heights, seemingly with each passing day. For example, within the same week of Tesla announcing its foray into the crypto market, Bitcoin (BTC) proceeded to surge by almost $10,000.  And even though the market […]

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Russian Duma prepares bill on cryptocurrency taxation

Russian lawmakers are actively preparing new legislation for taxing cryptocurrencies like Bitcoin (BTC). According to an official announcement by the Russian State Duma, the Duma’s Committee on State Building and Legislation has approved a bill on cryptocurrency taxation on Feb. 15. The new bill represents a set of amendments to the Russian federal tax code. […]

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Bitcoin hits $50,000 a new historic milestone for BTC price

Bitcoin (BTC) surged to new all-time highs on Feb. 16 following a week of bullish news including Tesla accepting BTC and MicroStrategy planning to raise another $600 million to buy Bitcoin. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price breaks historical record Data from Cointelegraph Markets and TradingView showed BTC/USD climb over 5% in […]

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Is a retail frenzy causing the Bitcoin futures markets’ excessive leverage?

Bitcoin (BTC) has breached the $50,000 level on Feb. 16. But while failing to cleanly break the psychological barrier, it undoubtedly displayed the potential for even higher valuations. Meanwhile, futures and options indicators are misaligned, signaling excessive buyers’ leverage, while options markets remain calm. After analyzing both markets, one might theorize what has caused this […]

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