Bitcoin price loses traction as miner profits drop and spot BTC outflows persist

Now debuting a wholesale CBDC, the RBI plans to launch the digital rupee for the retail segment within a month in select locations. 344 Total views 22 Total shares The Reserve Bank of India (RBI) is on track to debut a central bank digital currency (CBDC) after announcing its digital rupee project in February.The central…

Hop plans to roll out support for additional crypto assets and layer-two networks in the coming weeks. 412 Total views 4 Total shares Hop Protocol, a team working on interoperability within Ethereum’s layer-two ecosystem, has launched its Hop bridge for the first time. A July 12 blog post notes the bridge has been launched with limited…

The office of the U.S. Treasury responsible for regulating banks wants to open up dialogue on fintech. Per a July 2 announcement, the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) are opening up virtual hours for industry players looking to discuss innovation and new technologies in banking. More…

The price of Bitcoin (BTC) surged past $16,000 today, Nov. 12, for the first time in nearly three years. The momentum of the dominant cryptocurrency is strengthening due to three key major factors.The main catalysts behind BTC’s rally are the non-overheated derivatives market, repeated retest of $16,000, and the $14,900 whale supply zone.The weekly chart…

Amidst multiple alleged money laundering charges, the Nigerian government claims that Binance was responsible for the decline of its Naira currency.

New data from Whalemap suggests that in order to maintain bullish momentum Bitcoin price needs to hold above the $14,914 level.Whale clusters, like the bubbles shown on the chart below, form when high-net-worth investors purchase Bitcoin and do not move them. This indicates that whales accumulated BTC at that level and suggests that it will…

Chainlink’s (LINK) low-latency oracles will integrate with the decentralized exchange (DEX) GMX following a successful governance proposal that sought to provide more “granular” real-time market data to GMX v2. Voting ended on April 25 at 12:00 am UTC with over 96% of participating GMX token holders voting in favor of the proposal.The new Chainlink oracles…

The NFT market continues to expand, with upcoming tokens based on a mainstream TV show. 3540 Total views 12 Total shares Curio, a platform which sells non fungible tokens, is helping to bring to life NFTs based on the TV series American Gods. The show is based on a novel of the same name by author…