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“# Russians transact $5B in crypto each year, Bank of Russia says ” Russian people are among the world’s most active participants of the cryptocurrency market, according to the country’s central bank. The Bank of Russia published a fresh review on financial stability on Thursday, pointing out the country’s growing role in the $2.8 trillion…
“# Bitcoin bulls risk losing $365 million upon Friday’s BTC options expiry ” Bitcoin’s (BTC) price action hasn’t been bullish despite the $69,000 all-time high on Nov. 10. Some argue that that descending channel formed 40 days ago is the dominant trend, and $56,000 marks its current resistance. BTC/USD price on FTX. Source: TradingView Such…
“# Bitcoin bulls have a lot to be thankful for despite BTC ‘probably’ not hitting $98K in 5 days ” Bitcoin (BTC) will “probably” miss out on its predicted monthly close for November, analyst PlanB concedes. In a Twitter update on Nov. 25, the creator of the “worst-case scenario” end-of-month price forecasts prepared to accept…
“# Bitcoin ‘solidifies’ support at $58K as BTC price volatility hits 7-month low ” Bitcoin (BTC) hit multi-day highs of $58,300 overnight into Nov. 25 with investors betting on the reduced likelihood of a further major price dip. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging above…
“# Spanish regulator raises alarm on Binance promo by soccer star Iniesta ” A major financial regulator in Spain has put out a warning regarding soccer star Andrés Iniesta for promoting major cryptocurrency exchange Binance. Iniesta, a prolific midfielder who has played for Barcelona and the Spanish national team, was promoting Binance on his social…
“# Crypto poses no big risk to economy so far, Bank of Canada official says ” Cryptocurrencies like Bitcoin (BTC) do not pose any significant risk to the financial system at their current level of adoption, according to Bank of Canada’s Deputy Governor Paul Beaudry. Beaudry spoke about the risks to the stability of the…
“# Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution ” The exodus of Bitcoin miners from China into Kazakhstan has contributed to an energy crunch that the central Asian country’s president has proposed solving with nuclear energy. Kazakhstan’s Ministry of Energy has attributed the 8% increase in domestic electricity consumption throughout 2021 to Bitcoin…
“# Morgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares ” Investment funds from major U.S. investment bank Morgan Stanley have increased their exposure to Bitcoin through purchases of shares of Grayscale Bitcoin Trust. According to filings from the United States Securities and Exchange Commission on Tuesday, the Morgan Stanley Insight Fund increased…
“# Price analysis 11/24: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, AVAX, CRO ” Bitcoin (BTC) and most major altcoins continue to be pinned below their respective overhead resistances, indicating that bears are selling on rallies. According to Ki Young Ju, CEO of on-chain analytics firm CryptoQuant, “whales are depositing Bitcoin to exchanges.” Curiously,…
“#Crypto-investing hamster Mr. Goxx has died, rivaled Warren Buffett” The most famous rodent to boast a financial portfolio has passed away. Mr. Goxx — a Twitch-streaming, cryptocurrency-trading hamster who beat the performance of Warren Buffett from his tiny desk in a cage somewhere in Germany — is dead. “We feared this day like no other…