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“# Don’t get bearish Bitcoin just yet, says veteran trader who called 2018 crash ” Bitcoin (BTC) may have printed a classic “head and shoulders” pattern but bulls could still win, says veteran trader Peter Brandt. In a tweet on Oct. 27, Brandt, famous for his accuracy when it comes to BTC price predictions, refused…
“# Putin’s internet ombudsman pessimistic about crypto regulation ” Despite Russian officials’ increased interest in cryptocurrencies like Bitcoin (BTC), Russia’s internet ombudsman expressed confidence that local crypto regulations will remain largely prohibitive. Dmitry Marinichev, Russia’s ombudsman for the protection of entrepreneurs’ rights under Russian President Vladimir Putin, discussed Russia’s approach to cryptocurrency regulations at a panel…
“# To the roots of mining: Bitcoin going green faster than ever ” There’s no denying that over the past couple of years, the narrative that Bitcoin (BTC) consumes too much power has continued to garner an increasing amount of mainstream traction. However, what sometimes gets ignored is that in recent months, an increasing number…
“#Bitcoin tumbles amid filing for ETF that would bet against it” The price of bitcoin fell Wednesday morning amid a filing for a new exchange traded fund that will bet against the price of the cryptocurrency. Bitcoin was down almost 7 percent at $58,475 per coin Wednesday morning, down more than 12 percent from its…
“# Bitcoin price dip matches October 2017 with BTC ‘explosion’ still forecast before 2022 ” Bitcoin (BTC) has dipped below $60,000 — but BTC price action is still mimicking the eye-popping 2017 bull run. The latest data covering Bitcoin’s current halving cycle versus its previous one shows just how similar 2017 and 2021 really are….
“# Dubai finance watchdog approves listing of Bitcoin fund ” The Bitcoin Fund (QBTCu.TO), a closed-end investment vehicle based in Canada, has received regulatory approval from the Dubai Financial Services Authority. The fund debuted on Nasdaq on June 23, 2021 and became the first listed digital asset fund in the Middle East. The fund’s goal…
“# Latin America stands to benefit most from crypto, says Uphold exec ” El Salvador’s Bitcoin (BTC) adoption has triggered a digital asset revolution in Latin America, and the region could benefit even more if people can exchange cryptocurrencies, fiat money and the upcoming central bank digital currencies (CBDC) on the same infrastructure, said the…
“# Slovenian finance ministry seeks public opinion on crypto tax laws ” Slovenia’s Ministry of Finance is reportedly seeking public consultation on a draft bill related to taxing cryptocurrency investments, according to local reports. The ministry’s intent to gauge investor sentiment comes almost a month after the Financial Administration of the Republic of Slovenia proposed…
“# Bitcoin drops $1K in five minutes in fresh dip below $60K ” Bitcoin (BTC) fell sharply on Oct. 27 as $60,000 finally gave way to two-week lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bites into major buy wal Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $58,000 at the time of…
“# New Bitcoin ETFs filed: One for bears, the other with ‘leverage for ants’ ” Exchange-traded fund issuer Direxion has filed for a product that would enable speculators to buy contracts that short the price of Bitcoin. In a filing made to the U.S. Securities and Exchange Commission on Oct. 26, the company unveiled the…