Category: Bitcoin

Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, believes that the country’s not-yet-launched digital currency is the “highest form of money.” In a Monday interview with state media RT, Aksakov expressed optimism about Russia’s upcoming central bank digital currency, predicting that a digital ruble will become an integral part of national

Bitcoin (BTC) neared $60,000 on March 30 after PayPal confirmed that it had formally launched  cryptocurrency payments. BTC/USD 1-minute candle chart (Bitstamp). Source: Tradingview PayPal: Crypto is now “legitimate funding source” Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD hitting a ten-day high on Tuesday as details appeared in the mainstream press. According an exclusive report

Bank of Korea (BOK) Governor Lee Ju-yeol thinks that incoming central bank digital currencies (CBDCs) could reduce demand for cryptocurrencies like Bitcoin. At an event this week, Lee, a noted Bitcoin skeptic, said BTC and other cryptos are limited in terms of their ability to function as means of payment and/or stores of value, CoinDesk

Institutional investors may usher in the most extreme portion of the Bitcoin bull market yet, according to Kraken’s growth lead Dan Held. In a lengthy Twitter thread, Held tells his 164,000 followers that Bitcoin is rapidly attracting institutional investors that could add trillions of dollars of value to the market. “The herd is here. Institutions

Research from on-chain analytics provider Glassnode has found that roughly three-quarters of circulating Bitcoin last moved on the blockchain when prices were below $10,800, suggesting most market participants are long-term holders. Glassnode’s March 29 ‘Week on Chain’ report found that 25.43% of circulating BTC last traded between the prices of $10,800 and $58,800. With Bitcoin

E-commerce merchants can now transact in nearly 40 cryptocurrencies through global payment platform Nuvei.  According to the announcement, merchants partnered with the payment provider can use an array of cryptocurrencies to send and receive payments across 200 countries, including top assets Bitcoin (BTC) and Ether (ETH), lesser known cryptos such as Reddcoin and Bitcoin Gold,

On Monday Visa Inc announced that it had launched a pilot program with Crypto.com to enable its partners to settle fiat transactions by sending USD Coin (USDC) stablecoin to Visa’s Ethereum address at Anchorage digital bank. This step by Visa shows that legacy finance companies are increasing their adoption of cryptocurrencies. According to a PwC report

A Norwegian billionaire who denounced Bitcoin just did a 180 after revealing that he had investments in BTC and in the crypto ecosystem. At the DNB Invest conference, Norwegian business tycoon Øystein Stray Spetalen made his stance on Bitcoin very clear. “The only thing I have made an analysis of is that Bitcoin today consumes

The open interest on Bitcoin (BTC) Dec. 31 call options between $100,000 and $300,000 reached an impressive 6,700 contracts, which is currently worth $385 million. These derivatives give the buyer the right to acquire Bitcoin for a fixed price, while the seller is obliged to honor it. One might think that this is a great

Capital flows into cryptocurrency investment products rose again last week, though the pace of growth has slowed since the start of the year, possibly marking a local top in institutional demand.  Net inflows totaled $21 million for the week ending March 27, 2021, according to Coinshares, a European digital-asset manager. That was the lowest level