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” Bitcoin well positioned to help governments create cheaper CBDCs: Deloitte “ A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base to create a cheaper, faster and more secure ecosystem for electronic fiat currency or central bank digital currency (CBDC). Deloitte’s analysis, titled State-Sponsored Cryptocurrency, pointed out…
” FTX crypto exchange wins license in Dubai to open local headquarters “ Major global cryptocurrency exchange FTX is expanding operations in the United Arab Emirates by receiving a virtual asset license in Dubai. The license is apparently granted under a new cryptocurrency law adopted last week in Dubai, with Dubai Virtual Asset Regulatory Authority…
” Bitcoin sees ‘mother of all consolidations’ as $40K BTC price squeeze fails “ Bitcoin (BTC) saw a fresh brief short squeeze overnight on March 15 with bulls still attempting to crack $40,000 resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders uninspired by market composition Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching…
” Short term Bitcoin buyers transition to long term holders: Glassnode “ Over the past week, long-term holders of Bitcoin increased their spending to a level that suggests de-risking from the market, but hodling remains the predominant investing strategy. Uncertain macroeconomic headwinds are likely to have precipitated the increase in the sell-offs last week by…
” Bitcoin’s got 3 strikes, but investors remain calm despite price drop “ After Bitcoin (BTC) faced its third consecutive rejection, investors became more confident in adding altcoin positions. For the leading cryptocurrency, the path to $50,000 appears more challenging than previously expected. According to Euronews Next, on March 14, the European Union rejected a…
” BTC price struggles below $39K ahead of expected interest rate hike by the Fed “ The blockchain community got a bit of good news on March 14 after regulators in the European Parliament’s Committee on Economic and Monetary Affairs rejected a ban on proof-of-work (PoW) based cryptocurrencies like Bitcoin (BTC) that would have had significant…
” Here’s how Asian countries deal with crypto sanctions against Russia “ Amid the United States and the European Union taking measures to prevent Russia from using cryptocurrencies to potentially evade sanctions, some countries in Asia have also been moving to respond to the situation. Japan to fine crypto exchanges for violating sanctions Japan became…
” Price analysis 3/14: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE “ Bitcoin (BTC) has largely been directionless since the start of the year as the bulls have been buying on dips while bears are selling the rallies. This suggests that the price is consolidating in a large range with both the…
” Bitcoin could crush Russian ruble by rising another 140%, classic technical setup suggests “ Bitcoin (BTC) has declined by around 30% after topping out at 5.8 million rubles a token on March 9. Nonetheless, the said drop could be an excuse for traders to dump another big stash of the Russian national currency if…
” Bitcoin tracks $39K ahead of Europe vote on Proof-of-Work legality “ Bitcoin (BTC) stayed steady at $39,000 into Monday’s Wall Street close as stocks took the opportunity to reclaim some losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bulls need “miracle” $40,600 reclaim Data from Cointelegraph Markets Pro and TradingView showed BTC/USD unmoved at the…