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“# Worst UK bank for dealing with scams issues crypto scam alert ” The U.K bank with the worst record for dealing with scam complaints has issued a cryptocurrency scam alert. NatWest, which was rated as the worst U.K bank for accurately discerning legitimate fraud complaints in 2020, sent the warning to users of its…
“# Bitcoin tackles $40,000 as Biden unveils new $6 trillion federal spending budget ” Bitcoin (BTC) may get a boost to finally clear $40,000 at the expense of the United States dollar, as U.S. President Joe Biden’s new $6 trillion federal spending budget proposal is unveiled. The United States president will announce the massive fiscal…
“# Carbon-neutral Bitcoin funds gain traction as investors seek greener crypto ” Bitcoin (BTC) has been a hot topic of discussion lately even for those outside the core crypto community, but unfortunately, it’s not for the best of reasons. In particular, the amount of energy required to mine Bitcoin has created concerns for investors who were…
“# US SEC wants to work with Congress to regulate crypto exchanges ” The United States Securities and Exchange Commission is looking to cooperate with Congress and other regulators to increase its oversight of cryptocurrency exchanges. Gary Gensler, the newly appointed chairman of the SEC, said that the commission is looking forward to working with…
“# Lack of knowledge is main barrier to crypto adoption, new survey says ” Among the many complications associated with cryptocurrencies like Bitcoin (BTC), a lack of knowledge and understanding of crypto is the biggest obstacle for wider adoption, according to a new survey. The Economist Intelligence Unit, the research and analysis division of the…
“# Number of Bitcoin wallets holding 100-1K BTC soars after Tesla’s $1.5B buy-in ” The amount of Bitcoin (BTC) held by whales increased by around 14% after Tesla announced its foray into the cryptocurrency sector in early February 2021. The latest data from on-chain analytics platform Glassnode shows an inflow of roughly $19.5 billion worth…
“# Elon Musk not right person to lead green Bitcoin debate, Nic Carter says ” Castle Island Ventures’ Nic Carter doesn’t think Elon Musk is the right person to lead the “clean Bitcoin“ debate, “possibly not as far as the Bitcoin community is concerned.” He told Bloomberg, “Bitcoiners are still intensely skeptical of Musk, and they…
“# Altcoins soar while Bitcoin and Ethereum price stall near key levels ” On May 26 the the bullish momentum that had propelled Bitcoin and altcoins into a relief rally was somewhat subdued as traders remain unsure of what may happen next. After an early morning attempt by Bitcoin bulls to drive (BTC) price above $40,000 was…
“# Bitcoin bears dominate Friday’s $2.1B BTC options expiry with a $585M lead ” A total of 53,400 Bitcoin (BTC) options are set to expiry on Friday, May 28. At first sight, bulls appear to lead as the $2.1 billion open interest call (buy) to put (sell) options ratio stands at 1.32, favoring the neutral-to-bullish…
“# Price analysis 5/26: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, ICP, UNI, BCH ” A strong bull market tends to attract speculators and newbie traders who hop on to the rally with an aim to get rich quickly. In their eagerness to earn huge profits, traders throw caution out of the window and take…