Bitcoin price action ‘tough to call’ after Fed rate decision — Zerocap
Bitcoin could rally as high as $65,000 following expected rate cuts later this week but analysts fear US election uncertainty could keep crypto asset prices lower for longer.
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French Finance Minister throws shade at crypto, praises blockchain
He stated that he does not “question the reliability and traceability of all blockchain technology,” but denounced crypto. 1064 Total views 11 Total shares French Finance Minister Bruno Le Maire, who once said Facebook’s Libra token would risk the "monetary sovereignty of states,” is continuing his criticism of cryptocurrencies.In an Oct. 19 tweet, Le Maire…
BitgetX joins HKVAC as it aims for exchange license in Hong Kong
The Hong Kong Virtual Asset Consortium was established on May 31 to create indices and rating services for cryptocurrencies. According to a July 4 announcement, BitgetX, the Hong Kong subsidiary of cryptocurrency exchange Bitget, has joined the Hong Kong Virtual Asset Consortium (HKVAC), which provides ratings services and indices to cryptocurrencies. Launched on May 31 with…
Price analysis 3/8: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LINK, LTC, BCH
Data from Glassnode shows that Bitcoin (BTC) held on centralized exchanges has dropped by about 20% in the past 12 months. This suggests that investors are withdrawing their Bitcoin to the cold storage with a view of possibly holding them for the long term. This has reduced the available supply while the demand has continued…
Binance and Paxos Partner on PAX to Fiat Exchange Portal
The biggest crypto exchange by volume Binance and digital asset Trust company Paxos have integrated a new fiat deposit gateway on Binance’s flagship trading platform. According to a press release published on June 26, the gateway will enable traders to exchange fiat currency for the PAX Standard (PAX) stablecoin on the Paxos platform via wire transfer.…
SkyBridge raises $100M for Algorand fund and files for crypto company ETF
Anthony Scaramucci revealed that SkyBridge currently holds $700 million worth of cryptocurrency. 2914 Total views 86 Total shares Alternative investment firm SkyBridge capital hopes to expand its crypto offerings, filing for a crypto-focused exchange-traded fund (ETF) on Tuesday and revealing plans for an Algorand fund at this week’s SALT conference in New York.Speaking to CNBC,…
Iran Declares Telegram Crypto Aspirations an Act Against National Security
The Iranian government has taken further steps against Telegram’s cryptocurrency development, the Tehran Times reports Dec. 31.Secretary of the Criminal Content Definition Task Force Javad Javidnia has declared that any cooperation with the encrypted messaging app to launch its Gram token will be considered an act against national security and a disruption to the national…
Crypto PIVX Denies Vulnerability Allegations, Says Users’ Funds Are Safe
Developers of the private transactions cryptocurrency PIVX replied to crypto consulting firm Lunar Digital Assets regarding claims its blockchain was vulnerable to a bug. In a reply published on Aug. 13, PIVX developers addressed claims made by Lunar Digital Assets CEO Han Yoon. They argued that there has been no resurgence of attacks on its proof-of-stake…
Bloomberg analyst tips bullish BTC recovery in next six months
The price of BTC could be set for a bullish rebound this year, says Bloomberg’s senior commodity strategist Mike McGlon, as the market shows similar signs to the bottom of 2018. 224 Total views 19 Total shares Bloomberg’s senior commodity strategist Mike McGlone is tipping that the price of Bitcoin (BTC) will rebound in the…