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“# Catch the Bitcoin dip? BTC price pares losses with a fresh surge to $57K ” Bitcoin (BTC) was back at $57,000 on Oct. 13 as a classic move left hopeful traders liquidated to the tune of $200 million. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader sees parallels to August price action Data from…
“# Crypto will generate more wealth than the internet, says Morgan Creek Capital CEO ” By laying the foundations of the internet of value, cryptocurrency and blockchain will generate more wealth than Web 1 and Web 2, said CEO of Morgan Creek Capital, Mark Yusko, in an exclusive interview with Cointelegraph. “We haven’t even gotten…
“# Bitcoin rewards triggered shopping frenzy for cardholders: BlockFi data ” Bitcoin (BTC) turned out to be a far more attractive prize than airline miles or other cashback rewards, new data from BlockFi suggests. It’s been three months since the New York-based crypto loans startup launched its Visa-backed Bitcoin rewards credit cards, BlockFi Rewards Visa…
“# Estonian regulator wants to revoke all crypto exchange licenses ” Financial regulators in the Baltic country of Estonia want to revoke all crypto exchange licenses in an effort to start the entire regulatory regime anew. Matis Mäeker, head of the Estonian Financial Intelligence Unit (FIU), has urged the state to “turn the regulation to…
“# BlackRock Chairman ‘more in the Jamie Dimon camp’ on Bitcoin, praises crypto ” The chairman of multi-billion dollar United Stated investment management corporation BlackRock “probably” agrees that Bitcoin has no value. In an interview with CNBC on Oct. 13, Larry Fink issued a tentative agreement with JPMorgan CEO Jamie Dimon on Bitcoin’s true worth. Fink:…
“# US dominates global Bitcoin hash rate distribution after China crackdown ” Following sweeping crackdowns by China against Bitcoin mining activity, the United States has now emerged as the leading nation in terms of hash rate. According to the Cambridge Bitcoin Electricity Consumption Index (CBECI), Bitcoin (BTC) miners in America account for 35.4% of the…
“# Binance to suspend Chinese yuan from P2P platform in December ” Binance crypto exchange officially announced on Wednesday that the company will delist the Chinese yuan (CNY) from its peer-to-peer trading platform on Dec. 31. Alongside terminating yuan trading pairs, Binance will continue further restricting access to its platform for users from mainland China,…
“# SEC Chair Gary Gensler actually is pro-Bitcoin, Vault Equity CEO argues ” The founder of Vault Equity believes that United States regulators have a fair reason to be slow in approving a pure Bitcoin (BTC)-related exchange-traded fund (ETF). Vault Equity CEO and founder Tad Park voiced support for the U.S. Securities Exchange Commission (SEC) regarding…
“# Bitcoin search interest nears 1-year lows as BTC price slips below $55K ” Bitcoin (BTC) saw a widely-anticipated pullback on Oct. 13 as bulls struggled with February’s old all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysts unfazed by BTC price pullback Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing from five-month…
“# New BetaShares ETF to track Coinbase, Riot and MicroStrategy ” Six months following its application with the Australian Securities Exchange (ASX), BetaShares is now close to launching a new crypto-focused exchange-traded fund (ETF). According to an Oct. 13 announcement, the official name of the Aussie ETF manager’s new product is BetaShares Crypto Innovators ETF….