Although the bitcoin (BTC) market has grown to include a huge number of smaller retail traders, the markets where bitcoin prices are actually determined are still dominated by a small number of “professional traders,” a new report from crypto analysis firm Chainalysis said. These professionals account for more than four fifths of all bitcoins sent…
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Multiple Chinese media outlets are reporting that Binance China’s influence is “growing” in the Middle Kingdom after the exchange’s domestic arm joined the United Nations Global Compact sustainability drive. The UN drive describes itself as a “non-binding pact to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to Read more »Pay, Trade,…
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Yesterday, bitcoin started a fresh decrease after it failed to climb above USD 9,500. BTC gained bearish momentum today and broke the USD 9,300 support level. It seems like the price is likely to continue lower towards the USD 9,050 and USD 9,000 support levels. Similarly, most major altcoins started a fresh decline after they…
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Industry insiders say the Russian government’s cryptocurrency policy is “shambolic” and says Moscow “urgently needs to start doing its deliberation behind closed doors,” while other experts welcome a possible two-bill solution. The comments came after another government ministry spoke out against a draft bill that was put to parliamentarians proposing a Read more »Pay, Trade,…
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A look at a larger picture shows that bitcoin (BTC) and stocks have been uncorrelated for most of the coin’s existence, says an analyst, while another one adds that BTC is "not an uncorrelated asset." It’s a matter of nuance, it seems. The question of whether or not bitcoin is correlated with the stock market…
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The Bank of England – the UK’s central bank – has sent its money printers into full BRRR mode, agreeing to essentially create USD 125 billion worth of pound sterling as the coronavirus pandemic continues to disrupt the British economy. Per the BBC, the bank’s nine-member governing council voted 8-1 to increase the size of…
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Japan looks to have a brand new crypto player – with big-hitting financial group Nomura launching digital token-related business activities. Per Japanese media outlet CoinPost, the Japanese company has teamed up with crypto firms Ledger and CoinShares to launch B2B “digital assets” custodial services with a Jersey-based platform named Komainu. Nomura provides retail Read more…
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Yesterday, bitcoin made another attempt to climb above the USD 9,550 resistance zone. However, BTC failed to continue higher and recently started a slow decrease. It is currently (08:30 UTC) trading well below USD 9,500 and it might continue to move down towards USD 9,300. Similarly, most major altcoins saw an increase in selling pressure,…
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Donald Trump has been "after" bitcoin (BTC) for at least two years now, allegedly stating the world’s number one token is a fraud, per claims in a new tell-all book. The United States President allegedly told Treasury Secretary Steven Mnuchin to crack down on the trading and selling of BTC, claims an as-yet-unpublished book by…
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Source: Adobe/Pixel-Shot Despite bitcoin (BTC) having a reputation for wild price swings, investors shouldn’t necessarily get too concerned about potential bad news surrounding it, suggest the results of a new study on bitcoin’s price volatility. The study went into great detail on the impact of various shocks on the bitcoin market over the past ten…
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