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“# Dash claims ‘inaccurate categorization’ as ShapeShift delists privacy coins ” It shouldn’t come as a surprise that regulators are starting to pay close attention to cryptocurrencies this year. For instance, as the price of Bitcoin (BTC) continues to soar, it’s predicted that regulators will start taking direct action – possibly even banning Bitcoin completely. …
“# Bitcoin chose decentralization and immutability over payments, says Fidelity ” “Bitcoin has failed as means of payment” is one of the prevalent criticisms of Bitcoin (BTC) that Fidelity Digital Assets is seeking to rebut. In a blog post published on Nov. 13, the firm took on six “persistent” criticisms, including Bitcoin’s volatility, environmental wastefulness…
“# Citibank analyst makes tentative $318K Bitcoin prediction for December 2021 ” A recent Bitcoin (BTC) technical analysis prepared by CitiFX for its institutional clients points to a potential high of $318,000 sometime in December 2021. As highlighted by Twitter commentator Alex on Nov. 14, the exact figure is of little value over such a…
“# $2.3B in Bitcoin exchange outflows dwarfs the amount of new BTC mined ” From Oct. 15 to Nov. 15, Bitcoin (BTC) exchange outflows dropped from 2.5 million to 2.355 million, the lowest levels since August 2018. Approximately 145,000 BTC, worth $2.35 billion at a price point of $16,200, moved out of exchanges. Bitcoin exchange…
“# Kyrgyzstan’s central bank developing draft law for cryptocurrency industry ” The central bank for the Central Asian country of Kyrgyzstan is working on a draft law to regulate the cryptocurrency industry in the country. According to an announcement on Nov. 13, the National Bank of the Kyrgyz Republic is developing a draft law that…
“# Stocks boom, dollar gloom: 5 Things to watch in Bitcoin this week ” Bitcoin (BTC) begins a new week with stocks rising and the U.S. dollar falling — all while trading back above $16,000. What’s next for price action? Cointelegraph takes a look at the factors which could shape how Bitcoin moves in the…
“# Traders say $15.5K level ‘crucial’ after Bitcoin price dips below parabola ” Over the weekend numerous traders pointed out that Bitcoin (BTC) price broke its parabolic uptrend which had dated back to September. Technical analysts are bracing for a pullback as the dominant cryptocurrency eyes consolidation. Bitcoin could still see a strong recovery after the…
“# Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, XMR, UNI ” Bitcoin (BTC) has long been touted as digital gold by crypto enthusiasts. Now as the digital asset faces its first economic crisis since its birth, Bitcoin has validated the narrative and outperformed gold by a large margin in 2020. This suggests…
“# Simple steps to keep your crypto safe ” As the cryptocurrency market is in the midst of a major bull run with Bitcoin (BTC) approaching its all-time highs, the security concerns of cryptocurrency self-storage are becoming more relevant than ever. On Nov. 12, Bitcoin — the world’s largest cryptocurrency by market cap — surpassed…
“# Central bank digital currencies are dead in the water ” Mark my words: Governments and central banks will never care about your wealth and your privacy as much as you do. That reality is exactly why central bank digital currencies are dead in the water already. They say if you can’t beat them, join…