Bitcoin reclaims $62K, analysts say worst is ‘likely behind us’

BitMEX, the world’s largest cryptocurrency exchange by daily trading volume to date, now holds 0.18% of all Bitcoins (BTC) in circulation. In a Dec. 26 tweet, James Lopp, CTO at New York-based crypto custody startup Casa, also pointed out that BitMEX’s dedicated insurance fund has surged 62% in 2019.BitMEX holds 33,449 Bitcoins out the 18.1 million…

Monday, June 17 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) passed the $9,300 mark again.Market visualization courtesy of Coin360Bitcoin is currently up about 2.5% on the day, trading around $9,358 at press time, according to Coin360. Looking at its weekly chart, the…

A group of 33 businesses and tech companies have signed a joint letter to EU regulators urging them not to over-regulate emerging AI technologies at the cost of innovation. 41 Total views 1 Total shares A group of businesses and tech companies have issued a joint letter to European Union regulators warning against over-policing powerful

South Korea’s crypto tax law continues to face significant opposition from cryptocurrency proponents in the county. 3402 Total views 21 Total shares Kim Boo-kyum, recently nominated as Prime Minister by South Korea’s President Moon Jae-in, has said he will look into the country’s crypto tax law.According to a report by KBS World, the Prime Minister…

The closing of the exchange, along with a plunging ruble, may have a devastating impact on the lives of ordinary Russian citizens. 196 Total views 15 Total shares As reported by local news outlet tass.ru, the Central Bank of Russia once again suspended trading on the nation's leading Moscow Stock Exchange (MOEX) on Wednesday, and…

Bitcoin (BTC) price finally reached a $1 trillion market capitalization on Feb.19, which is an important milestone because as BTC gains size, the digital asset will continue to attract new institutional investors who will consider allocating a portion to their portfolios.Glassnode data suggests that high-net-worth individuals are continuing to pump money into Bitcoin. The number of…

The retail trading platform plans to increase its workforce while adding more cryptocurrency pairs. 2034 Total views 18 Total shares Robinhood CEO Vlad Tenev has said the company is working towards increasing its cryptocurrency trading service.In a fireside chat posted on the broker’s YouTube account on Thursday, Tenev discussed plans to upscale its workforce and…

Historically, a weaker United States Dollar leads to strength across other “safe haven” assets. By analyzing the correlation, such momentum and conclusion can also be drawn with Bitcoin (BTC) and the USD.Bitcoin has gained in 2020 as the U.S. Dollar Currency Index (DXY) has been having a tough year. But will this momentum continue in…

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