Bitcoin

Top 5 cryptocurrencies to watch this week: BTC, UNI, LUNA, THETA, FIL

Bitcoin (BTC) has been facing stiff resistance near the $60,000 level for the past few days. This suggests that market participants are cautious at these levels and a positive trigger may be needed to drive the price higher and start the next leg of the uptrend. One of the developments that could be bullish for […]

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Top 5 cryptocurrencies to watch this week: BTC, UNI, LUNA, THETA, FIL

Bitcoin (BTC) has been facing stiff resistance near the $60,000 level for the past few days. This suggests that market participants are cautious at these levels and a positive trigger may be needed to drive the price higher and start the next leg of the uptrend. One of the developments that could be bullish for […]

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Long-term investors continue to hodl despite $1T Bitcoin market cap

Bitcoin’s liquid supply continues to shrink, with only 36% of circulating BTC being moved on-chain in the past six months. According to data shared by on-chain crypto data aggregator Glassnode on March 21, the peak of the 2017 bull market saw 50% of Bitcoin’s supply circulating within the preceeding six months. The data shows that […]

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Bitcoin searches in Turkey spike 566% after Turkish lira drops 14%

Google searches for Bitcoin (BTC) emanating from Turkey exploded in the past 24 hours, after the value of the Turkish lira dropped 14% following the firing of a central bank governor. According to data from Google Trends, the number of searches for Bitcoin spiked 566% in the hours immediately following news of the lira’s demise. […]

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Microsoft reportedly polling Xbox users about Bitcoin payment option

Tech giant Microsoft seems to be considering introducing Bitcoin (BTC) payments at its Xbox gaming console online store. According to a March 21 Reddit post on r/XboxSeriesX, Microsoft has put out a survey asking Xbox users about their preferred payment options at its online store. “Which of these other payment methods would you like to […]

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EAEU unlikely to find common ground on crypto regulation, official says

Member states of the Eurasian Economic Union, or EAEU, have been struggling to come up with a shared stance regarding cryptocurrency regulations, according to an official. Iya Malkina, assistant chairman of the Eurasian Economic Commission Board, stated that EAEU member states did not support a recent initiative for a uniform cryptocurrency regulatory framework within the […]

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Bullish Bitcoin trading in Korea provides tailwinds for Kakao share price

With crypto trading reportedly reaching feverish proportions in South Korea, internet giant Kakao might be set for an upward share price advance. Quoting comments from analysts Mirae Asset Daewoo — a South Korean brokerage outfit — The Korea Herald has reported that the chat app operator stands to benefit from the ongoing enthusiasm in the […]

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EU securities regulator warns about risks of ‘non-regulated’ cryptos

The European Securities and Markets Authority, the European Union’s independent financial authority, has warned about the high risk of cryptocurrency investment. In its latest “Trends, Risks and Vulnerabilities” report published Wednesday, the ESMA analyzed the impact of COVID-19 on financial markets, highlighting the increased risks linked with investment in “non-regulated crypto-assets.” The authority mentioned that […]

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A little bit of history repeating? The numbers behind Bitcoin’s bull run

The idea of market cycles is widely accepted in finance. The most basic principle is that what goes up must come down. The underlying rationale is that investors will accumulate when prices are low, causing prices to rise. As the price reaches a peak, sell pressure will take over as holders seek to cash out, […]

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Putin issues orders to combat ‘illegal cross-border transfers’ of digital assets

Russian President Vladimir Putin has stressed the importance of developing additional measures to fight against illegal cross-border transactions of digital financial assets. Speaking at a board meeting of the General Prosecutor’s office Wednesday, Putin stated that “criminal elements have been increasingly deploying digital financial assets,” which needs special attention from the government. “There is one […]

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