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“# Bitcoin sell pressure may hit zero in July thanks to Grayscale’s giant 16K BTC unlocking ” Institutional Bitcoin (BTC) investors are in the spotlight as an upcoming major cashout date sparks talk of fresh price volatility. As noted by popular Twitter commentator Loomdart and others this week, attention is focusing on buyers and sellers…
“#Bitcoin up 10 percent after Elon Musk says Tesla may use again” Bitcoin jumped nearly 10 percent late Sunday after Elon Musk tweeted that Tesla may resume accepting the cryptocurrency as payment. Bitcoin was trading at around $39,200 early Monday, up from about $36,000 Sunday morning, according to Coindesk data. While that’s still far below…
“# Bull trap fears engulf Bitcoin market as BTC paints CME gap below $40K ” A run-up towards $40,000 in the Bitcoin market risked exhaustion as Chicago Mercantile Exchange’s futures opened on Monday, June 14 with a gap of $1,575, the first since May 17. In retrospect, the downside risks heightened due to Bitcoin’s recent…
“# South Africa to revise national policy position on cryptocurrency ” South Africa’s financial regulators are laying the groundwork for the “phased and structured” regulation of cryptocurrencies. The move presents a reversal of the largely hands-off approach taken for the past seven years and has been driven by increasingly high levels of retail interest in…
“# Coinbase is reportedly looking to set up office in New York ” The United States’ largest cryptocurrency exchange, Coinbase, is reportedly setting up its first office in New York. The Nasdaq-listed cryptocurrency exchange has allegedly subleased 30,000 square feet from Steven Cohen’s investment firm Point72 at Related Companies’ 55 Hudson Yards in New York,…
“# Elon Musk, $40K and no demand: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) starts a new week on a pleasant high thanks to a boost from a familiar source, Elon Musk. Are the good times back? After spending weeks languishing close to $30,000, Bitcoin has managed to stage a sustained…
“# The Netherlands should regulate crypto instead of banning it, says finance minister ” A cryptocurrency ban is not the right solution for the Netherlands, the country’s finance minister reportedly said after a local official called for a total ban on crypto. The Netherlands should regulate the cryptocurrency market instead of prohibiting its citizens from…
“# Remittance firms hesitant to support BTC despite legal tender law in El Salvador ” Despite El Salvador’s recently passed law mandating Bitcoin as legal tender, local remittance firms are reportedly hesitant to adopt BTC. Speaking to Reuters, Autonomous Research fintech analyst, Kenneth Suchoski, argued that remittance firms are unlikely to launch support for Bitcoin…
“# Tanzanian president urges central bank to prepare for crypto ” Tanzania appears to be the latest emerging economy poised to embrace Bitcoin and crypto assets. On June 14, Tanzanian president Samia Suluhu Hassan urged the country’s central bank to begin exploring crypto assets. Hassan emphasized the increasing impact of digital assets on global finance,…
“# Bitcoin price moves toward $40K as on-chain and technical analysis favor bulls ” Bitcoin (BTC) price saw a bullish turn of events on June 13 as the price broke out to $39,252 but many analysts are still on the fence when it comes to determining whether the digital asset is ready to continue its…