Key Takeaways Li Bo, the deputy governor of the People’s Bank of China (PBOC), said Bitcoin was an “investment alternative.” This is the first time a high-ranking regulator in China has referred to Bitcoin in these terms. Speaking at an economic conference, deputy governor said private stablecoins needed stronger regulation […]
Key Takeaways Chainlink continues trending upward, making a new record high of $44.30 recently. Likewise, Band Protocol broke out of a seven-month-long bullish continuation pattern to hit a new all-time high of $23.30. Further buying pressure could push these cryptocurrencies even higher regardless of the recent gains. Chainlink and Band […]
Robinhood, the zero-fee disrupter of the US brokerage industry, is facing technical issues with its trading platform due to heightened cryptocurrency trading volumes on Friday. The platform first officially reported the glitch at 07:19 pm (PDT). “We’re currently experiencing issues with crypto trading due to unprecedented volumes and are working […]
Valutrades Limited, a United Kingdom-based forex and CFDs provider, has ended 2020 with excellent revenue and profits, according to the company’s latest filing with Companies House. The annual revenue of the broker for the financial year ending on December 31, 2020, came in at more than £3.99 million, which is […]
Key Takeaways According to CoinGecko, NFTs have become one of the main factors influencing the adoption of cryptos. Search volumes for NFTs as well as trading volumes skyrocketed to record highs in Q1 2021. The same popularity rise could extend over the rest of the year, even though inflation fears […]
Key Takeaways Dogecoin has posted year-to-date returns of nearly 7,000%. The meme coin continues surging while the rest of the market takes the backseat. If buying pressure continues mounting, DOGE could rise to $0.36 or even $0.52. Dogecoin continues its staggering advance thanks to a new wave of interest. Even […]
Key Takeaways A gas explosion and flooding at a Chinese coal mine has halted Bitcoin mining operation in Xinjiang, China. The networks’ total hashrate dropped by 64 Eh/s as central authorities conducts safety inspections. Bitcoin’s price also felt the pressure from the decline in mining power, dropping 4.3% from today’s […]
The Financial Conduct Authority (FCA) has stopped the operations of Cyprus-based forex and CFDs operator Finteractive Limited, known by its tradename FXVC, in the United Kingdom for multiple regulatory violations. FXVC is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and is operating in the UK under […]
Bitcoin bull and billionaire investor Mike Novogratz has warned about cryptocurrency market volatility in a recent interview stemming from the Barron’s and Marketwatch’s “Investing in Crypto” virtual event series. In general and over the long term, Novogratz is bullish about bitcoin and companies like Coinbase remaining prosperous. Novogratz Warns of […]
U.S. politicians are talking about stimulus again in order to bolster American jobs and President Joe Biden’s infrastructure plan. At the end of last week, White House press secretary Jen Psaki explained that Biden would meet with bipartisan members of Congress on Monday in order to push his proposal. According […]
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