Amid regulatory concerns and the controversial news of Dogecoin wallet mishap, an anonymous whale trader moved a large number of coins to the popular centralized exchange Binance. While many traders decide to store their coins in cold or hot wallets, an XRP whale decided otherwise to move a massive volume amounting to 40 Million. Analyzing…
Chairman of the North American BTC mining council, Micheal Saylor, has weighed in on the precept that gold is money. Schiff Agrees With Saylor Saylor made his opinion via a Twitter thread. In his tweet, Saylor opined that the concept of gold as money doesn’t have any basis as salesmen told this lie to attract…
As the world prepares for the next level of internet experience driven by the Web 3.0 revolution, the biggest names in the digital technology space are positioning themselves to become leaders when the revolution begins. KuCoin Labs, owners of one of the biggest cryptocurrency exchanges in the world, has announced that it will invest $100…
The cryptocurrency market has gradually become a force not to be ignored in the financial markets today. From a little-known industry just over a decade ago, the crypto world has now grown in leaps and bounds to become the fastest growing market in the world. The recent explosive bullish runs that some of the coins…
A leading funds investment company, VanEck, will finally have a BTC-based ETF that will be traded upon. A CBOE statement confirmed that investors can begin to trade VanEck’s BTC futures ETF from Tuesday and will be given the XBTF ticker. Other BTC-based ETFs Before VanEck’s BTC ETF, two other BTC futures ETFs were approved by…
Central Retail Corp is a major retail firm in Thailand and has recently announced that it is testing a virtual currency among its employees. When this trial phase ends, the retail firm is planning to expand the scope of the digital currency to include its customers and the public. This was reported by Bloomberg on…
Following the recent upward trend of bitcoin, the bitcoin options chart shows a strong sentiment from traders that bitcoin will sustain the current momentum. Bitcoin options contracts are used as a hedge for futures and spot trading for the token. Recent analysis shows an upward sentiment from traders who have put their faith in a…
Robert Kiyosaki is the popular author of over 25 books including ‘Rich Dad, Poor Dad’ and he has sold millions of copies worldwide. Robert Kiyosaki is predicting that the stock market could crash next month. His reason for this prediction is multifactorial including the decline the US experienced in its treasury bills. Robert Kiyosaki is…
The National Bank of Ukraine (NBU) recently opened up on the subject of cryptocurrency trading and adoption in the region. The NBU officials claimed that the mass adoption of a digital asset is crucial to decrease the amount of volatility in the region. Adhering to this belief system, the NBU has also adopted a favourable…
The latest report from the ongoing battle between Ripple and the SEC sees the U.S. New York District court strike out Ripple’s motion to compel requests seeking the trading details of SEC employees. The court on Tuesday dismissed the crypto company’s request, citing that the defendants have not proved that such a decision has any…
Cuba’s Central Bank has approved BTC use and other cryptos in making payments in the nation. According to the country’s news outlet Presna Latina, Banco Central de Cuba has legalized the use of virtual currencies, implying that everyone within the jurisdiction of Cuba can now make investments and perform other commercial transactions with cryptocurrency. This…
Most cryptocurrencies and crypto platforms have in recent times come under supervision and regulation of certain regulatory bodies, most of which are governmental financial institutions. This is necessary as cryptocurrency is speedily expanding and is being accepted in different countries of the world. The regulation serves as a guideline that ensures that cryptocurrency is safe…
Top FinTech company, Fidelity asset management firm, has called out the US top financial regulator over its non-approval of a crypto ETP. The disclosure was made following a meeting between its executives and top SEC officials recently. The Benefits For Everyone The Fidelity Excos gave several proofs why SEC’s approval of a crypto ETF is…
Brevan Howard, a top UK hedge fund firm, has appointed Colleen Sullivan to head its newly created cryptocurrency division termed by digital. Aron Landy, Brevan Howard CEO, commended Sullivan’s choice as the best candidate to move the company’s digital asset division in the right direction. The CEO said that “Sullivan’s experience will be highly beneficial…
Various data indicate that crypto mining firms are settling at their new locations following aggressive action on them by the Chinese authorities in May. Institutions Remain Bullish Glassnode analytics suggest that institutions might be responsible for bitcoin’s current bullish run. “Institutional investors continue to dominate transaction volumes which are impacting BTC’s price action positively,” Glassnode…
Bitcoin saw its price retesting the support area at $46,000 before gradual rises. For now, the token has to maintain its actions beyond the $47,500 mark to support stable upsurges. Critical resistance levels – $52K, $54K, and $56K Critical support levels – $44K, $42K, and $40K BTC-USD Daily Chart Currently, BTC/USD appears to recover from…