Bitcoin price hits $61K, but investors still prefer stocks and bonds right now
Investors balance risk as Bitcoin futures dip, reflecting uncertainty before the Federal Reserve’s September meeting.
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Bitcoin hints at $1T market cap retest after price hitting 4-month highs
A day of gains looks increasingly in jeopardy as shaky support levels provide fertile ground for fresh volatility. 1551 Total views 19 Total shares Bitcoin (BTC) took a trip below $54,000 during Oct. 7 as traders waited to see how far a retracement of Wednesday’s $5,000 gains could go.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC…
South Korean Ministry Drops Cryptocurrency Exchanges From Venture Enterprise Classification
The government of South Korea announced it had excluded cryptocurrency exchanges from legislation governing venture businesses in a press release issued Monday, August 13. The brief document from the country’s Ministry of Small and medium-sized enterprises (SMEs) and Startups (MSS) explained that contrary to previous decisions, it would now place exchanges alongside bars and nightclubs…
Binance’s crypto Visa card is now available all across EEA countries
Binance is aggressively pushing its new crypto debit card. The world’s largest exchange, Binance, has officially announced that its cryptocurrency debit card is now available in Europe.According to a Tuesday blog post, the Binance Visa Card is now available to everyone in European Economic Area, or EEA, countries.To celebrate the launch in Europe, Binance is offering…
Bitcoin Approaches $8,000 as Bitcoin SV Doubles in Value
Tuesday, May 21 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) approaches the $8,000 mark again.Market visualization courtesy of Coin360Bitcoin is up over 2% on the day, trading at $7,953 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin…
Microsoft wins US patent for ‘ledger-independent token service’
Microsoft’s new device is designed to allow developers to write code for managing tokens in a manner that is blockchain agnostic. 427 Total views 4 Total shares American tech giant Microsoft has won a blockchain-related patent for techniques for implementing a cross-chain token management system.The United States Patent and Trademark Office (USPTO), the agency granted…
Major Chinese Mining Pool Drops out of BTC Mining Race, Looking to Altcoins
Although the Bitcoin hashrate has increased 33% in the last 48 hours the mining industry still faces uncertainties. This has left Baite mining pool, one of the top Chinese pools with no choice but dropping out of the mining race. According to local blockchain media on April 6, Chinese mining company Valarhash’s Baite mining pool hash…
Payment Processor Wirex Partners With Stellar, Plans to Launch 26 Stablecoins
United Kingdom-based cryptocurrency payment processor Wirex partnered with Stellar (XLM), the company announced in a press release on their website on April 24.Wirex is a company licensed by the U.K. Financial Conduct Authority (FCA) that allows crypto users to spend their cryptocurrencies with a dedicated Visa card, with a new total of nine digital token…
Decentralized Communication Startup New Vector Raises $8.5M
London-based decentralized communication startup New Vector has raised $8.5 million to drive adoption for Matrix, a major alternative messaging protocol.Slack rival Riot.IMThe Matrix protocol, which enables secure communication via end-to-end encrypted messaging applications such as Riot.IM, an alternative to WhatsApp, Telegram or Slack, will continue scaling and growing its network with the newly raised funds,…