Category: Bitcoin

The Bank of Russia continues its tough stance on cryptocurrency trading despite growing concerns over the country missing out on the digital asset industry.  The governor of Russia’s central bank, Elvira Nabiullina, reiterated the bank’s negative stance on crypto in a Monday interview with Komsomolskaya Pravda, arguing that crypto is one of the most dangerous

United Kingdom-based financial institution TSB Banking Group Plc. will soon ban its over 5.4 million customers from buying Bitcoin (BTC) and other cryptocurrencies. According to a report by The Telegraph on Saturday, the bank’s imminent crypto ban is due to alleged cases of fraud associated with cryptocurrency transactions. Bank TSB has reportedly received a plethora

Bitcoin (BTC) bulls should look for a cover, at least as far as chart technicals are concerned. The flagship cryptocurrency continued its price declines into the new weekly session, hitting $32,105 ahead of the London opening bell following an approximately 10% intraday drop. In doing so, it raised the prospect of retesting its quarter-to-date low

The growth of stablecoin’s market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market are feeling during bullish and bearish times. Monitoring the Tether (USDT) treasury for large issuances was a common tactic used by analysts and traders to position themselves for

New data from ByteTree Asset Management shows the amount of Bitcoin held by global crypto funds has sharply fallen following the market collapse in May. According to the blockchain analytics firm, the Bitcoin holdings of European and Canadian exchange-traded funds (ETFs) and US and Canadian closed-ended funds have declined by 28,785 BTC in the last

Bitcoin (BTC) price dropped roughly 22% over the past 7 days, retesting the $31,700 area for the second time in June. The most pressing news for the negative performance has been China supposedly cracking down bank accounts of over-the-counter desks, according to some analysts: China cracking down on the bank accounts of #bitcoin OTC desks,

Institutional managers continued to take profits on their cryptocurrency holdings, with funds dedicated to Bitcoin (BTC) registering their sixth consecutive weekly outflows, according to CoinShares.  Outflows from digital asset investment products totaled $79 million last week, marking the third consecutive weekly decline and the longest stretch of drawdowns since February 2018. Outflows from Bitcon funds

MicroStrategy has bought even more Bitcoin (BTC) despite the current price struggles for the largest crypto by market capitalization. According to an announcement on Monday, the business intelligence firm purchase 13,005 BTC at an average price of $37,617 for a combined total of about $489 million. Monday’s report takes MicroStrategy’s Bitcoin balance sheet north of

Crypto analyst Benjamin Cowen is weighing in on one bearish indicator that has caught the attention of Bitcoin bulls. In a new strategy session, Cowen takes a look at the “death cross,” or the crossing of BTC’s 50-day moving average below the 200-day moving average. The event is usually seen by many traders as a

In a recent interview with Lex Fridman, Charles Hoskinson, the founder of Cardano and co-founder of Ethereum offered his views on Bitcoin. The 33-year-old was less than complimentary, calling it “slow” and in desperate need of an upgrade. Hoskinson also took issue with the recent Bitcoin conference in Miami, comparing the whole thing to a