cryptocurrency

Bitcoin is gaining bullish momentum after the cryptocurrency bounced off the lower Bollinger Band. On Wednesday, a wave of selling dominated the BTC market after the price dropped below $56,000. BTC ready to rally to new all-time high Unfortunately, the selloff resulted in $1.4 billion liquidations, with some analysts suggesting that this is the last
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The cryptocurrency industry was a buzz of activity in the first-quarter going by massive investments by mainstream firms that saw digital currencies rally to record highs. With the race to mainstream adoption gathering pace, it promises to be an exciting year as investors jostle for opportunities in the nascent industry. ImToken Funding Round Chinese Startup
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On Thursday, Bitcoin maintained gains above $50,000 putting the digital currency on track following steep losses witnessed last week. The largest cryptocurrency is returning to the bullish momentum it has witnessed in recent weeks as mainstream interest continues to grow. Bitcoin on the path to recovery after last week’s losses BTC rose as much as
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Cryptocurrency markets dropped value significantly at the start of the week, with billions of dollars shaved off the cryptocurrency economy’s capitalization. Despite this, cryptocurrency derivatives are surging, with interest in BTC futures commandeering almost $19.1 billion on Tuesday. Bitcoin price continues to show the volatility On Sunday, BTC hit an all-time high of $58,354 per
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After hitting $50,000 at the beginning of the week, Bitcoin is holding around those levels. Its market capitalization is up to $923 billion. The largest cryptocurrency is on the path to hit the trillion-dollar crypto asset class. With the US dollar ending its winning streak on Thursday as quick economic recovery hopes dampen due to
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The cryptocurrency industry is growing very fast, and most countries are looking to provide regulation to govern this rapidly expanding segment. For instance, Kyrgyzstan has moved to formally regulate the industry by laying the framework of licensing of crypto exchanges. Kyrgyzstan wants the crypto sector regulated like Forex Recently the Kyrgyz Republic’s National Bank revealed
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Interest in bitcoin refuses to fade off even with the crypto appearing overvalued at record highs above the $40,000 mark. The meteoric rise has come at the back of increased investment interest worldwide. Indian cryptocurrency exchanges are the latest to register a four-fold increase in Bitcoin interest in recent weeks. Cryptocurrency exchanges and trading platforms
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Growing cryptocurrency popularity is increasingly presenting challenges on the world stage. For the longest time, there have been concerns that cryptocurrencies are being used to fuel illegal activities such as money laundering and terrorism. However, it is only now that the same is being felt. Reports that North Korea is circumventing sanctions with the help
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Growing cryptocurrency popularity is forcing the crypto exchange to be innovative in product offerings, in a bid to target a broader target market. The latest is Bitmex, which has strengthened its Cryptocurrency offering with the introduction of futures contracts for meme crypto Dogecoin. Dogecoin Futures Starting February 5, traders and high-volume crypto speculators will be
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Cryptocurrency investments from mainstream institutions have been on the rise in recent months. Square investing $50 million in bitcoin and MicroStrategy confirming over $200 million in crypto investments affirms growing investments in the nascent field. The latest to show strong interest in pursuing investments in the nascent field is Union Square Ventures. USV Crypto Plans
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Bitcoin implosion from record highs of $41,000 continues to gather steam amid a surge in selling pressure. The flagship cryptocurrency is down by more than 12% from its all-time high, having struggled to bounce back after a steep pullback. Bitcoin Sell-Off For the first time in over a week, the cryptocurrency slipped below the $33,000
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Coinbase is the latest crypto player to find itself embroiled in a tricky lawsuit over the sale of unregulated securities. The U.S-based crypto exchange is to stand trial for allegedly receiving commissions on XRP coins’ sale on its platform. Coinbase Sued According to the lawsuit lodged by Thomas Sandoval, the crypto exchange went forth and
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The Securities and Exchange Commission suing Ripple Labs and the token asset XRP poses a significant risk to the broader cryptocurrency sector. At stake is the classification of digital assets, which have been on a roll in recent years amid widespread adoption. Ripple Delisting The Ripple standoff emanates from the SEC reiterating that Ripple Labs
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Bitcoin’s meteoric rise in 2020 continues to arouse interest from various quarters. With the crypto at record highs and showing signs of edging higher, investors are increasingly jostling for positions. Anthony Scaramucci is the latest to affirm he is bullish about the flagship cryptocurrency long term prospects. Growing Bitcoin Investments The former Trump administration, Communication
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How high can Bitcoin go? That’s the million-dollar question in the burgeoning cryptocurrency sector. The flagship cryptocurrency has taken the market by storm, in recent days, edging high and registering new all-time highs. Bitcoin Rally A breach past the $20,000, while expected, came on colossal volume, conversely propelling Bitcoin through the $22k level and finally
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Cryptocurrencies and Blockchain’s popularity continues to edge higher by the day. The rapid growth stems from friendly regulation as well as an acknowledgment by world powers that the emerging spectacle has the potential to transform the broader financial sector among other sectors. While the focus for the longest time has been on Bitcoin, Ether also
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Bitcoin’s upward momentum has lost steam. The flagship cryptocurrency has struggled to power through its all-time highs of $20,000, with bulls caught in intense consolidation in recent days. A sell-off to the $1800 support is no longer inevitable as miners have turned bearish opting to offload holdings. Bitcoin Consolidation A break below $19,000 appears to
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Investors should cushion their investment portfolio with some Bitcoin. Those are sentiments shared by ex-hedge fund manager Mike Novogratz. The renowned bitcoin investor believes cryptocurrency are poised to generate significant value going forward, while offering a way to diversify portfolios. The sentiments come at a time when Bitcoin is flying high amid a surge in
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Bitcoin is closing on the $20,000 psychological level, having turned bullish in recent months. The bullish momentum has gathered pace amid a surge in interest, especially from institutional investors. Increased mainstream adoption, especially in financing transactions, has helped propel the flagship cryptocurrency popularity to new heights. Growing Bitcoin Search Hits Bitcoin interest has been growing
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China is increasingly cracking down on cryptocurrencies. Immediate reports indicate that local authorities have been urged to crack down on all mining activities, a development that is curtailing Bitcoin mining. Colin Wu, a self-proclaimed Chinese cryptocurrency reporter, alleges that miners based in the Communist nation are finding it difficult to pay for their electricity. China
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Technology and finance corporations have taken a significant interest in cryptocurrencies. A good number of fintech institutions have already changed their company policies in a bid to accommodate the ever-growing digital assets. PayPal has already hit the ground running, allowing users in the U.S to buy, sell, and hold various cryptocurrencies. Crypto Institutional Bets Payment
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Bitcoin has exploded in recent weeks and showing no signs of slowing down. Over the past five weeks, the flagship cryptocurrency has rallied by more than 50% powering through the crucial $16,000 level. While Bitcoin price did plunge below the $16,000 level abruptly, traders quickly stepped in to defend the $16,000 level. Bitcoin Rally In
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Joe Biden might not be good for the cryptocurrency sector. Those are sentiments shared by Ripple’s CEO, Brad Garlinghouse, who fears that increased focus on climate change, among other things by the new administration, could curtail growth in the sector. Ripple’s CEO Warning Renewed focus on climate change by the Biden’s administration could take a
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