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“# Major Philippine e-wallet GCash eyes crypto trading ” GCash, a major digital wallet in the Philippines, is reportedly considering introducing crypto trading services. GCash CEO and president Martha Sazon announced that the firm is looking at offering users the ability to buy, sell and store cryptocurrencies like Bitcoin (BTC) on its platform. In a…
“# Bitcoin price slumps $2K on Musk’s ‘in the end’ tweets ” Tesla CEO Elon Musk has brought more stress to the cryptocurrency markets by posting another series of cryptocurrency-related tweets on Thursday. Bitcoin lost around $2,000 in a matter of hours after Musk took to Twitter to post about Bitcoin (BTC) again. The Bitcoin…
“# Shanghai Man: ‘Green-light’ for miners? CZ not responsible for BSC, Uniswap frauds on TV ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Could green miners get a pass? Last…
“# Curve (CRV) sees 150% rebound as DeFi bottoms and ETH gas fees drop ” DeFi tokens and protocols took a heavy hit on May 19 as Bitcoin price dropped to $30,000 and while BTC has entered what some analysts describe as a ‘compression’ phase, the total value locked in DeFi and the value many…
“# Ethereum has strong fundamentals, so why are pro traders bearish on ETH? ” Ether (ETH) has outperformed Bitcoin (BTC) by 32% since May and even though there has been a steady flow of bullish reports from JPMorgan and Goldman Sachs, derivatives metrics show elements of bearishness in both assets. Ether and Bitcoin price change…
“# Southern China warns investors against illegal token platforms ” Following China’s major regulatory crackdown on cryptocurrencies, financial regulators in Hainan, the smallest province in the country, reportedly issued a warning against crypto or blockchain-themed illegal fundraising schemes. According to local reports, the Hainan branch of the People’s Bank of China, the central bank of…
“# Here’s 3 ways the relative strength index (RSI) can be used as a sell signal ” A trade is profitable only if both the purchase and the sale are done at the right time. Many times, traders sell their positions too early and leave profits on the table or they keep holding on to…
“# ‘Discounted’ Bitcoin more likely to hit $100K than $20K in 2021, says Bloomberg analyst ” Despite a massive drawdown in May, the Bitcoin (BTC) bull market appears to be intact, with a $100,000 price target more likely than a retrace to $20,000, according to Mike McGlone, Bloomberg’s senior commodity strategist. $20K or $100K in…
“# Miami mayor bought Bitcoin after Congress passed $1.9T stimulus bill ” Francis Suarez, the crypto-friendly mayor of the city of Miami, may have further cemented his status as a cryptocurrency proponent. Appearing on the CNBC Squawk Box program, Suarez revealed that he owns both Bitcoin (BTC) and Ether (ETH). “I own #bitcoin and I…
“# Russian Bitcoin critic says he would have bought BTC for 100 rubles ” Anatoly Aksakov, a member of the Russia’s State Duma and a key spokesman for the country’s cryptocurrency legislation process, claimed that he has never owned any Bitcoin (BTC). Aksakov said that he doesn’t hold any Bitcoin and likely won’t, as the…