Musk tweets to consider accepting Bitcoin for Tesla again if it becomes more environmentally-friendly in mining Major upgrade for Bitcoin looks likely to gain consensus, which will allow higher levels of privacy, open the prospect for multisig wallets and improve scaling developments Over the weekend, Bitcoin jumped over US$39,000 after Elon Musk declared that Tesla (-0.04%) would […]
Basel Committee proposal puts heavy burden on banks looking to custody cryptocurrencies Capital requirements proposal for banks by the Basel Committee legitimizes cryptocurrencies just as El Salvador recognizes Bitcoin as legal tender “You have to spend money to make money” and when it’s come to banks dealing in Bitcoin, that adage might be more literal […]
El Salvador declares that Bitcoin is legal tender and mandates its acceptance for payment for goods and services, as well as tax Experience of El Salvador may provide a template for other remittance-reliant countries to consider co-opting Bitcoin as legal tender to reduce reliance on the dollar and reduce the costs of remittances A decentralized […]
Bitcoin has its “Come to Jesus” moment as technical indicators point to ominous “death cross” which typically preludes continued weakness If chartists are to be believed, “death cross” can also usher in a “golden cross” and sharp rallies in the subsequent periods The cryptocurrency cross is a heavy one to bear – one minute you’re […]
Investors are increasingly looking for alternatives to fiat currencies Institutional investor crowd still divided but some see a possibility where both gold and Bitcoin can rise in tandem Gold has seen massive inflows, both for the precious metal itself and gold ETFs, at a time which coincided with sharp corrections in Bitcoin, leading some to […]
Bitcoin may be collateral damage as Beijing targets dollar-based stablecoins Dollar-based stablecoins popular with the Chinese as it allows them to spirit away money from the Middle Kingdom, bypassing all capital controls “How much USDT do you want?” The conversation flows freely on Weibo, a Chinese microblogging site where over-the-counter or OTC dealers provide […]
Breaking news from Bitcoin Miami 2021. Source:
Cryptocurrency markets appear to be deleveraging, which should assist a reduction in volatility Increased hedging activity seems to suggest that investors are getting more sophisticated (as opposed to openly bullish) and measured in their approach to the market While meme stock traders may still be in their hoodies and flip-flops, there are increasing signs […]
Bitcoin volatility at lowest point since the beginning of this year Some are using the diminished volatility in the cryptocurrency as a buying opportunity in anticipation of higher prices Students of cryptocurrencies will know that stories of volatility are often over exaggerated. For months, cryptocurrencies can trade flat, not moving very much, and then […]
Bitcoin pullsback more sharply in May compared with other cryptocurrencies, especially Ether Ether may provide potentially greater upside as the range of applications and use cases for the Ethereum blockchain grows While the sharp correction in Bitcoin in May made headlines, away from the spotlight, Ether, the world’s second largest cryptocurrency by market cap […]
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