Source: a screenshot, Instagram/bitbay Central and Eastern Europe-focused cryptocurrency exchange BitBay says that bitcoin (BTC) trading volumes have hit record levels in the past two weeks. In the past fortnight, the platform’s volume of the BTC-Polish złoty (PLN) pair hit a peak of BTC 11,233 (USD 75 million) in 24 hours on March 13, a…
Read more
Bitcoin’s competitor, gold, found itself in a peculiar situation due to the current pandemic: it’s getting increasingly difficult for it to move. Fears of stranded bullion led to London spot gold prices dropping far below U.S. gold futures. “There’s plenty of gold […] But it’s immobilized,” Reuters quotes an unnamed banker at a major gold-trading…
Read more
In the past few sessions, there were mostly positive moves in bitcoin price above the USD 6,200 pivot level. BTC/USD was able to surge above the USD 6,500 resistance and it even tested the USD 6,850 area. The price is now (08:30 UTC) consolidating above USD 6,500 and preparing for more gains. Similarly, most major…
Read more
Russia could be set to legalize cryptocurrencies for companies and investors operating in new, industry 4.0-friendly regulatory sandboxes. Per news outlet Izvestia, the country’s Ministry of Economic Development wants to add a range of new provisos to sandbox-related legislation submitted last week to the State Duma, the country’s parliament. The ministry wants Read more »Pay,…
Read more
This week started with a fresh decrease in bitcoin after it failed to retain strength above USD 6,400 and USD 6,500. BTC/USD is currently (08:30 UTC) down close to 7% and it is now trading well below USD 6,000. It seems like the price is likely to continue lower towards the USD 5,650 and USD…
Read more
Japan’s Monex Group has become the latest financial company to offer its shareholders cryptocurrency benefits – and will become the first major securities firm to give out end-of-year bitcoin (BTC) benefits. Per an official announcement, Monex – one of the country’s biggest securities companies and the operator of the Coincheck crypto exchange – will award…
Read more
Major crypto derivatives exchange BitMEX says that their Insurance Fund did exactly what it was supposed to during the market crash. In their latest blog post, the exchange addressed questions from the traders related to the Insurance Fund, its role during the March 12 and 13 market turbulence, and why it wasn’t utilized during the…
Read more
Bitcoin (BTC), major altcoins reversed losses today after the U.S. Federal Reserve (Fed) announced unprecedented measures to support the economy. (Updated at 13:47 UTC: updated throughout the entire text) At pixel time (13:33 UTC), BTC trades at c. USD 6,283, and is up 3% in a day. Earlier on Monday, it was below USD 5,900…
Read more
How the Cryptoverse faces bad news? Head on and with what I imagine is a maniacal laugh. If one thing this community doesn’t ever have enough of, even in the darkest of days – especially in the darkest of days – is jokes. And it’s never too soon for one. Or many. The crypto community…
Read more
Anti-crisis measures taken by governments and central banks around the world might indirectly help bitcoin (BTC) and its derivatives market, according to Luuk Strijers, CCO of major crypto derivatives exchange Deribit. "Printing money and lowering rates by governments might actually turn out to be a driver for more interest in BTC as a hedge against…
Read more
