Experts are starting to muse about the possible strategies governments could use if they ever decided to wage war on Bitcoin (BTC) – and derail an asset whose rise in the past few months has been nothing short of meteoric. PayPal’s crypto plunge last year (set to expand in 2021) and Tesla’s decision to purchase…
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Janet Yellen. Source: A video screenshot, Youtube/Credit Suisse Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news Recently, US Treasury Secretary Janet Yellen made several statements relevant to the crypto industry: – Yellen called bitcoin “a high-risk, speculative Read more…
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Over USD 1bn in long trading positions has been liquidated in the past 24 hours as overly optimistic traders seem not willing to learn after they lost almost USD 2bn just a week ago. Almost USD 600m of those positions were in bitcoin (BTC). In the past hour alone (10:39 UTC), around USD 400m have…
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Bitcoin price remained strong and it extended its rally above USD 58,000. BTC even traded to yet another all-time high near USD 58,641 (per Coingecko.com) before it started a downside correction. It is currently (05:00 UTC) trading below USD 57,000, with key supports at USD 55,000 and USD 52,000. Similarly, there were corrective moves in…
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Eric Balchunas said the Purpose Bitcoin fund could surpasses all other ETFs in Canada within two months, “barring a nasty selloff.” With only two full days of trading under its belt, the first Bitcoin (BTC) exchange-traded fund in North America reached more than $400 million in volume and is expected to go even higher. According…
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With just over a month left before South Korean financial regulators begin policing the activities of the nation’s crypto exchanges, a regulatory body has unveiled details of how it will request trading platforms to report suspicious transactions as part of what promises to become one of the most highly scrutinized industries in the country. Per…
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One of the most bullish non-crypto companies, US-based software developer MicroStrategy, confirmed that its latest offering of convertible senior notes was sold out and it aims to spend over USD 1 billion on bitcoin (BTC) again. The market capitalization of the most popular cryptocurrency just surpassed USD 1 trillion today, per market data aggregators. "The…
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At the time when bitcoin (BTC) price is breaking all-time highs, the mining difficulty is set to break its record today. Per mining pool BTC.com estimates, mining may become the most difficult it’s ever been in several hours from now (15:34 UTC). Bitcoin mining difficulty, or the measure of how hard it is to compete…
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Source: JP Morgan, Instagram Bitcoin (BTC) may be surging to never-seen-before heights as the week draws to a close, with prices surpassing the USD 53,000 mark for the first time today, but not everyone wants to sing its praises – nor those of altcoins – as JPMorgan’s analysts poured some water on the crypto fire.…
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Arthur Hayes. Source: a video screenshot, Youtube, CfC st. Moritz Arthur Hayes, the co-founder and former CEO of major crypto derivatives exchange BitMEX, has made a remarkable return to the public spotlight – emerging on social media for the first time since the US authorities indicted him and his fellow co-founders on charges of financial…
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