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“#Bitcoin tops $50,000, hits new record as big firms jump in” Bitcoin surged above $50,000 for the first time ever early Tuesday as a growing number of major companies warmed up to the world’s largest cryptocurrency. The bitcoin price hit an all-time high of $50,584.85 around 7:30 a.m., continuing a rally that’s seen the digital…
“# Bitcoin hits $50,000 a new historic milestone for BTC price ” Bitcoin (BTC) surged to new all-time highs on Feb. 16 following a week of bullish news including Tesla accepting BTC and MicroStrategy planning to raise another $600 million to buy Bitcoin. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price breaks historical record…
“# Bitcoin futures break $50K: Why BTC price is primed for another leg up ” The price of Bitcoin (BTC) surpassed $50,000 for the first time in history across major futures exchanges, including Binance Futures. However, on spot exchanges, like Coinbase and Binance, the price of Bitcoin rejected closely below $50,000. BTC/USD 1-hour candle chart…
“# Russian Duma prepares bill on cryptocurrency taxation ” Russian lawmakers are actively preparing new legislation for taxing cryptocurrencies like Bitcoin (BTC). According to an official announcement by the Russian State Duma, the Duma’s Committee on State Building and Legislation has approved a bill on cryptocurrency taxation on Feb. 15. The new bill represents a…
“# Battle of the whales as $50K Bitcoin hinges on ‘Coinbase premium’ ” Bitcoin (BTC) has already hit $50,000 on some exchanges but needs to get whales on its side to flip it to definitive support, data suggests. In a tweet on Feb. 16, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted the…
“# Bitcoin miners are hodling while long-term investors take profits ” On-chain analytics provider, Glassnode, has published data revealing that Bitcoin miners are accumulating while long-term investors are taking profits. Despite January seeing heavy selling from miners, Glassnode’s report shows that miner outflows have dried up during February so far. Chart – Glassnode.com The report…
“# Price analysis 2/15: BTC, ETH, ADA, XRP, DOT, BNB, LTC, BCH, LINK, XLM ” A large part of the current crypto bull run has been driven by institutional demand. But for the first time, the institutions may be stepping back. According to CryptoQuant, the Coinbase Premium Index, the difference in Bitcoin’s (BTC) price on…
“# BNY Mellon’s crypto entrance seeks to bridge generational adoption gap ” While the naysayers continue to wish for the so-called “Bitcoin bubble” to burst, the premium cryptocurrency continues to scale to new heights, seemingly with each passing day. For example, within the same week of Tesla announcing its foray into the crypto market, Bitcoin…
“# Thai SEC schedules hearings to address crypto investor qualifications ” A major financial regulator in Thailand is looking to determine qualifications for cryptocurrency traders to ensure investor protection. The Securities and Exchange Commission of Thailand has scheduled a public hearing this month to address specific requirements for investors that want to open a crypto…
“# India crypto ban is like banning internet, says former Coinbase CTO ” Former Coinbase chief technology officer Balaji Srinivasan thinks India’s impending cryptocurrency ban would be akin to banning the internet and could cost the country trillions of dollars in potential profits. Speaking in an interview with The CapTable, Srinivasan said a blanket ban…