El Salvador’s adoption of Bitcoin as a legal tender has caused concern among American lawmakers, who are calling for a risk report on the potential impact on bilateral economic relations and law enforcement cooperation. Last month, US Senators Jim Risch and Bob Menendez reintroduced a bipartisan bill requesting a State Department report on El Salvador’s Bitcoin adoption. ……
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US labor market data for May is due on Friday the 2nd of June. The data, which is closely scrutinized by policymakers at the US Federal Reserve, could trigger volatility in the Bitcoin market, depending on how and if it impacts expectations for further interest rate hikes from the US central bank. According to the…
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Bitcoin is on course to close May down a little over 7%, marking the first negative month for the world’s largest cryptocurrency since last December. The drop would also mark BTC’s worst month since the collapse of cryptocurrency exchange FTX triggered a 16% price drop last November. But a 7% drop in May is an…
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As Binance Australia is facing a cut off from a key local on-ramp service, traders have been trading Bitcoin (BTC) and other cryptocurrencies at a discount on the platform. … Read More: Bitcoin Trading at Discount on Binance Australia Due to Upcoming Payment Cutoff – Here’s What You Need to Know Read more »Sign up for…
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The Bitcoin mining difficulty is about to be adjusted to a fresh record high, reflecting a continued rise in the number of mining machines competing to secure the network. According to data presented by CoinWarz.com, the BTC mining difficulty will be lifted from its current level of 49.55 trillion to 50.91 trillion at tomorrow’s bi-weekly…
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Tether is launching bitcoin mining in Uruguay. Tether, the company behind the largest stablecoin by market cap, said the move “showcases” its commitment to energy innovation and the future of crypto, in an announcement on Tuesday. … Read More: Tether Plans Bitcoin Mining in Uruguay Read more »Sign up for e-EUR – the progressive stablecoin
About 85,000 bitcoin options contracts, worth around $2.3 billion, are set to expire on major cryptocurrency futures and options exchange Deribit this Friday. According to Deribit data, around 700,000 Ethereum options, valued at over $1.2 billion, are also set to expire on May 26. “This Friday a total value of USD 3.6 billion will expire,…
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The minutes from this month’s FOMC meeting of US Federal Reserve policymakers were just released, revealing the bank to be divided on the need for further interest rate hikes. Cryptocurrency, forex, US equity and US bond markets didn’t see much of a reaction to the minutes, the tone of which were broadly as expected…. Read…
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Wall Street investment bank Morgan Stanley thinks the Bitcoin top could be in as investors are diversifying into newer cryptocurrencies on decentralized exchanges like Uniswap, particularly speculative meme coins. Heading into June 2023, the Bitcoin price has risen approximately 100% from its November 2022 lows of just under $15,500. The bearish price forecast appeared as…
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Ripple launched a platform on Thursday that would help central banks, governments and financial institutions around the world issue their own central bank digital currency. The Ripple CBDC Platform would offer customers ledger technology and enable issuers to manage CBDCs from start to finish, according to a press release. The platform would encompass both wholesale…
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