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“# Bitcoin price risks losing weekly uptrend as NFT launch sends Tezos (XTZ) to 3-month highs ” Bitcoin (BTC) ranged below a critical weekly close target on Sept. 10 as analysis warned its multi-week uptrend was in danger. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price lags $1,500 below crucial level Data from Cointelegraph…
“# Bitcoin transactions ‘akin to bartering,’ Bank of Mexico governor says ” The governor of the Bank of Mexico, Alejandro Díaz de León, dismissed Bitcoin’s (BTC) position as a reliable legal tender, citing price volatility as a major roadblock towards full-fledged adoption. Governor Díaz de León said in a Reuters interview that Bitcoin’s position in…
“# YouGov poll finds 27% support for making Bitcoin legal tender in US ” A new poll has found that 27% U.S. residents support the government recognizing Bitcoin as legal tender. According to a poll from research and data analytics firm YouGov, 11% of respondents “strongly support” the idea that Bitcoin should be used as…
“# El Salvador’s bonds suffer as Bitcoin Law takes effect ” El Salvador’s move to embrace Bitcoin has ruffled the feathers of bond investors, with yields spiking as investors signal uncertainty for the emerging economy. A Sept. 8 report published by Bloomberg notes the yield curve on El Salvador’s bonds has recently inverted, meaning bonds…
“# Bitcoin does not make a great deal of sense, according to billionaire Lee Cooperman ” By his own admission, Lee Cooperman still does not understand Bitcoin, despite BTC being up more than 300% since early December 2017. Speaking to CNBC on Thursday, the billionaire investor alluded to people his age having a hard time…
“# El Salvador’s largest bank partners with Flexa for Bitcoin payments ” Bancoagrícola, El Salvador’s largest financial institution, is set to boost the country’s Bitcoin adoption policy following its partnership with digital payments gateway Flexa. According to an announcement by Flexa on Thursday, Bancoagrícola has inked a deal with the crypto payment network to enable…
“# BTC price crash: Why did it happen? Join Sam Bankman-Fried live on ‘The Market Report’ ” “The Market Report” with Cointelegraph is live right now! Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Yashu Gola. Today’s menu: the dramatic Bitcoin (BTC) price flash crash to…
“# Bitcoin tipping on Twitter: A game changer for crypto adoption? ” Amid all the recent price volatility seen by Bitcoin (BTC) and the rest of the crypto market, news of social media behemoth Twitter reportedly getting ready to enable Bitcoin tipping for content creators went relatively unnoticed. Reports suggest that the latest Twitter iOS…
“# The Bitcoin metric that flipped green just before $50K BTC price bull run is back ” Bitcoin (BTC) speculators have been selling at a loss, and this week presents a golden buying opportunity, analysts say. Data shows Bitcoin’s spent output profit ratio (SOPR) flipped negative for the first time in six weeks on Wednesday….
“# US crypto exchange CrossTower expands to India ” United States-based cryptocurrency exchange CrossTower is expanding operations to India despite the ongoing legal uncertainty over local crypto regulation. CrossTower has set up a local division in India and launched a cryptocurrency trading platform to capture the growing multi-billion dollar market, Reuters reported Sept. 6. CrossTower…