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“# Biggest ever mining difficulty drop: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) starts a new week with a key weekly close under its belt and everything to play for — can it hold higher? After the weekend saw moderate volatility, including a retest of $30,000 support, BTC/USD is back above…
“# Billionaire vows to spearhead Mexico’s first Bitcoin-friendly bank ” The third richest man in Mexico, Ricardo Salinas Pliego, has doubled down on his support for Bitcoin, revealing plans to open the first BTC accepting bank in the country. On June 27, the Mexican billionaire tweeted his support for the widespread adoption of BTC, noting…
“# Despite regulatory uncertainty, Indian crypto investment surges 19,900% in one year ” Despite India’s uncertain regulatory climate regarding crypto assets, nationwide investments in digital assets have increased by roughly 19,900% over the past year. According to data from blockchain analytics firm Chanalysis that was reported by Bloomberg on June 28, crypto investments increased during…
“# French court sentences BTC-e operator Alexander Vinnik to 5 years ” A court of appeals in Paris has upheld the five-year prison term in the case against BTC-e operator Alexander Vinnik. The court upheld a December 2020 verdict and prison sentence, finding that Vinnik/BTC-e had committed money laundering as part of an organized criminal…
“# 4 ways investors use support and resistance levels to make better trades ” Trading should just be a simple process of buying low and selling high but for many investors the process is more akin to rocket science. One of the most basic and easy-to-understand strategies that can help accomplish this is to identify…
“# Top 5 cryptocurrencies to watch this week: BTC, ADA, SOL, MATIC, KLAY ” The U.S. core personal consumption expenditure (PCE) price index increased 0.5% in May, below market estimates of 0.6%. However, when compared year-over-year, the PCE index surged to 3.4% recording its largest gain since 1991. While the U.S. Federal Reserve expects inflation…
“# CME Micro Bitcoin futures surpass 1M contracts as institutional speculation grows ” Institutional exposure to cryptocurrencies via derivatives continued to grow in the second quarter, as CME Group’s newly launched Bitcoin (BTC) micro contract received considerable uptick in its first two months of trading. Since launching on May 3, CME’s Micro Bitcoin futures contract…
“# ‘Absolutely right’ to think of Bitcoin as the new gold — Mexico’s 3rd richest man ” Bitcoin (BTC) is definitively the “new gold” for the third richest man in Mexico, Ricardo Salinas Pliego. In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin as an investment rather than fiat currencies or…
“# Hashing out a future: Is Bitcoin hash rate drop an opportunity in disguise? ” China’s crackdown on Bitcoin (BTC) mining operations has led to a significant drop in the network’s hash rate, but industry participants believe it presents an incredible opportunity for the wider mining ecosystem. China has long been a major contributor to…
“# Bitcoin bounces off $30K amid ‘possibility’ of exit to mid-$40K range ” Bitcoin (BTC) rose from a fresh $30,000 support challenge on June 27, continuing uncertain ranging which has worried traders. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin avoids sub-$30,000 “nuke” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $33,445…