Tag: btcxrp

After last week's strong bounce back, the world's largest cryptocurrency Bitcoin (BTC) is witnessing some selling pressure. As of press time, Bitcoin (BTC) is trading 2.4% down under $41,000 levels. The recent pullback comes as Bitcoin faces strong resistance at the $42,000 level. As per the latest report, more than $21 million worth of long...

A day after Ukraine legalized the use of digital assets in the country, Russia's largest lender Sberbank secures the license to issue digital assets in the country. On Thursday, March 17, the Russian central bank said that Sberbank can now exchange digital financial assets, a move that seems to thwart the effect of U.S. sanctions....

Just a day before the Federal Reserve plans to announce its first rate hike in four years, Bitcoin (BTC) makes a surprising move to the north. As of press time, Bitcoin is trading 5% up above $41,000. This is for the third time in three weeks that Bitcoin has made a move back above $40,000....

The Russian-Ukraine war has sent jitters across the equity and the crypto market bringing back strong volatility in play. Furthermore, the sanctions have also exposed that how any country can be at the receiving end of the economic warfare driven by traditional financial systems. The latest report from Fundstrat shows that global investors have been...

The crypto market has come under pressure once again ahead of the European Union reportedly working to pass a bill banning all Proof-of-Work (PoW) cryptocurrencies citing environmental concerns. This means that the EU could potentially ban Bitcoin as well! Bitcoin (BTC) is down 1.5% and is currently trading at $38,577 with a market cap of...

The wait for El Salvador's Bitcoin Bonds is likely to end this week! As per the latest report from Financial Times, the Bitcoin bonds shall be available for purchase this week! El Salvador President Nayib Bukele calls these Bitcoin bonds a gateway to help the nation bailout from its financial burden. Retail and institutional investors...

The Bitcoin (BTC) price is down another 3% on the backdrop of unfavorable global macros and rising inflation. So if you think that this might be the right time to average, you might want to wait a little bit more. Citing data from Datamish, popular crypto reporter Colin Wu reports that large investors, probably institutions,...

Wall Street banking giant Goldman Sachs is looking to further expand its crypto derivatives offerings. As per the Bloomberg report, Goldman is currently looking to explore over-the-counter bilateral crypto options. This will make Goldman one of the first Wall Street giants to offer a wider range of crypto derivatives to institutional clients. These bilateral options...

Joe Biden's executive order on crypto has been leaked just a day before its scheduled arrival on Wednesday, March 9. In fact, crypto enthusiasts have got access to the comments from U.S. Treasury Secretary Janet Yellen. As per the details given, Yellen applauds the crypto executive order calling it 'historic' and the one that strikes...

The broader cryptocurrency market is once again staging a solid 5% recovery today. In a surprise move, Bitcoin (BTC) has bounced back 7% moving to $41,500 levels. The recent bounceback follows after the last weeks of strong volatility in the market. It seems that the market is already giving a thumbs up to the upcoming...

India seems to be getting closer to realizing its plans of having a central bank digital currency aka the "Digital Rupee". Coming in its support on Tuesday, March 8, India's Union Finance Minister Nirmala Sitharaman said that there are clear advantages of having a CBDC. Thus, the Finance Ministry is doing some consultations with the...

Binance's launch of fiat-to-crypto payments provider Bifinity on Monday, March 7, has met with immediate resistance from U.K's top regulatory body - Financial Conduct Authority (FCA). With Monday's launch, Binance confirmed that its newly launched Bifinity service will advance a $36 million convertible loan to Eqonex. This gives Bifinity some specific contractual rights over Eqonex....

Bitcoin's role in the global financial turns increasingly important amid the geopolitical situation panning out with the Russia Ukraine crisis. After a move last to decouple itself from the equity market. Bitcoin failed to hold the ground and is down more than 20% from its recent $45,000 high. As of press time, Bitcoin is trading...

After two crypto exchanges Binance and Kraken refused a blanket ban on Russian users, Coinbase to joins them! An hour back, Coinbase CEO Brian Armstrong confirmed that they are not considering banning all Russian users from their...

Earlier this week, the Bitcoin (BTC) price rallied all the way to $44,000 levels amid reports that the recent U.S. sanctions on Russia were the reason behind it. However, new data shows that talks of...

Ethereum-based NFT marketplace OpenSea has started dropping off users from its platform amid the ongoing U.S. Sanctions. This comes as exchanges have been asked to put a ban on...

After a solid start to the week, the Bitcoin rally has finally called down as...

Former Goldman Sachs hedge fund manager and crypto billionaire Mike Novogratz has recently weighed on the crypto market situation amid the ongoing Russia- Ukraine war crisis. Speaking to Bloomberg on Tuesday, March 1, Novogratz said that the Russia-Ukraine war will serve as a potential booster to Bitcoin and crypto while moving people away from the U.S. The post Mike Novogratz: Russia- Ukraine War Can Boost...

The crypto market has completely reversed its trajectory after a week of correction and consolidation. Massive buying has ensued in the broader cryptocurrency market over the last few hours with Bitcoin (BTC) posting a solid 15% plus...

Following Russia's attack on Ukraine last week, the NATO allies have decided to impose sanctions cutting down Russia from the global SWIFT financial ecosystem. However, this could give rise to central bank digital currencies (CBDCs),...