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“# Bitcoin price will likely shrug off $530M GBTC unlock in July — Analysis ” Bitcoin (BTC) will not move much after Grayscale’s giant 16,000-BTC unlocking date, after all, said crypto trading firm QCP Capital. In its latest market update released on Wednesday, analysts downplayed the popular theory that the Grayscale Bitcoin Trust (GBTC) will cause…
“# Survey: 21% of UK crypto investors say they know almost nothing about it ” A new survey paints a bleak picture of British crypto investors’ motivations, knowledge and exposure when it comes to their investments. Almost two in five (36%) of retail crypto investors in the country have conceded that their understanding of the…
“# Poland financial regulator issues public warning about Binance ” As Binance faces scrutiny from regulators around the globe, Poland’s finance watchdog has issued a consumer warning about the cryptocurrency exchange. On Wednesday, the Polish Financial Supervision Authority (PFSA) published a statement on Binance’s growing regulatory issues around the world, stressing that the company’s operations are not…
“# China’s central bank worried about stablecoins’ risk to financial systems ” The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official. Fan Yifei, a deputy governor of the People’s Bank of China (PBoC), expressed concerns over the reportedly serious threat stablecoins…
“# Bitcoin price dips below crucial $33K support as Bitfinex shorts jump by over 5,000 BTC ” Bitcoin (BTC) fell below $33,000 support on July 8 as a trusted trading range risked getting invalidated. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Trader: $31,000 retest next for BTC Data from Cointelegraph Markets Pro and TradingView showed…
“# Price analysis 7/7: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, SOL ” Bitcoin’s (BTC) range-bound action seems to be increasing the confidence of institutional investors looking to resume investing in cryptocurrencies. Proof of this comes as Marshall Wace, a London-based hedge fund, announced plans to invest in the digital asset space, according…
“# Former CFTC chair explains why regulators should approve a Bitcoin ETF ” Timothy Massad, who served as Chair of the United States Commodity Futures Trading Commission between 2014 and 2017, has laid out the reasons why he thinks regulators should approve a Bitcoin exchange-traded fund. In an opinion piece published on Bloomberg Wednesday, Massad…
“# Visa reports over $1 billion in crypto spending in H1 2021 ” Global payments giant Visa will continue to support the development and adoption of the cryptocurrency industry as part of its business, the company said in its latest crypto update. In an official statement on Wednesday, Visa announced that its crypto-enabled cards processed…
“# Bitcoin battles $35K as traders agree volatile BTC price move incoming ” Bitcoin (BTC) took a stab at key resistance around $36,000 on Wednesday as anticipation built around a breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC breakout means first stop: $39,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD repeatedbly tapping but…
“# Bitcoin analyst says ‘supply shock’ underway as BTC withdrawal rate spikes to one-year high ” As Bitcoin (BTC) continues sideways inside the $30,000-$40,000 range, new data is emerging about the potential for a bullish breakout. Is Bitcoin silently readying for a breakout like in Q4 2020? Willy Woo, an on-chain analyst, anticipates a potential supply…