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“# $83K Bitcoin price in the cards after data shows BTC whales bought the dip ” As Bitcoin (BTC) tested the $43,000 support for the third consecutive day, whales bought the dip on derivatives exchanges. While there has been no significant price change, the Bitcoin futures premium reached its lowest level in six months. This…
“# There are now 6,710 Cardano millionaires following latest ADA surge ” Cardano has rewarded its investors with significant gains this year, with a growing number of holders joining the coveted millionaires’ club following the latest ADA price surge. Since the start of the year, the number of millionaire investors in ADA has increased more…
“# Altcoins notch double-digit gains even as Bitcoin price falls to $42,500 ” On May 18, Bitcoin (BTC) and the overall cryptocurrency market faced another round of selling as FUD — fear, uncertainty and doubt — impacted investor sentiment after Reuters and various social media outlets reported that China would ban financial institutions and payment…
“# ‘Long Bitcoin’ chosen as most crowded trade in latest BofA survey ” Despite the ongoing sideways trend in the cryptocurrency markets, Bitcoin (BTC) still remains a crowded trade. According to a new survey from Bank of America, this could indicate that the current bull cycle’s market top is still to come. Bank of America’s…
“# MicroStrategy buys the dip, acquires $10M in Bitcoin ” Business intelligence firm MicroStrategy has scooped up another $10 million worth of Bitcoin (BTC), signaling the company’s relentless conviction in the digital asset amid the latest price collapse. The cash amount earned MicroStrategy 229 BTC at an average price of $43,663, the company confirmed Tuesday…
“# Chinese trade associations sound crypto investment warning ” The China Internet Finance Association has signed a joint statement with the China Banking Association and China Payment and Clearing Association, warning the public about the risks of investing in cryptocurrencies. According to a report by Shanghai Securities News on Tuesday, the aforementioned trade association under…
“# Swiss Sygnum bank to offer custody for Internet Computer token ” Switzerland-based cryptocurrency bank Sygnum is launching custody and banking services for Internet Computer (ICP) utility tokens. Sygnum announced Tuesday that ICP holders will be able to deposit their tokens with the bank’s institutional-grade segregated wallets. The firm said that it is the first…
“# US FDIC seeks insight on banks’ role in cryptocurrency markets ” The United States Federal Deposit Insurance Corporation is looking for information and public comments on banks’ cryptocurrency-related activities. The FDIC is the major provider of deposit insurance to U.S. commercial and savings banks, originally created to address bank runs during the Great Depression. …
“# Breakneck speed of crypto adoption could result in whiplash, warns wallet exec ” Cryptocurrency adoption on a United Kingdom-based payment app is booming in the first quarter of 2021, but whether that trend continues could depend on the actions of Bitcoin (BTC) evangelists like Elon Musk, warns STICPAY director James Bay. The mobile payments…
“# Institutions dump BTC as volume soars for Ether funds ” CoinShares’ weekly Digital Asset Fund Flows report has revealed last week saw the largest Bitcoin in the report’s history as Elon Musk’s Twitter account again wreaked havoc in the crypto markets. The May 17 report notes $98 million exited Bitcoin investment products last week,…