BlackRock ETF sees biggest inflow in 35 days as Bitcoin weekly rally pauses
BlackRock’s IBIT Bitcoin fund had its biggest inflow day since July 22 as Bitcoin slipped back under $64,000 following a weekly rally.
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Notes From the Brink: Reasons Behind the Crypto Bear Market
Crypto is notoriously a “tough neighbourhood,” as even evergreen Bitcoin bull Tom Lee has put it. After a week in which double-digit losses wreaked havoc on many high-profile cryptos, and Bitcoin (BTC) momentarily fell through the $6,000 support, pitiless bearish sentiment has been circling, with some accusing the top coin of being “exhibit A” in…
SEC chair warns about ‘too good to be true’ returns amid market downturn
Gary Gensler added that he continued to be “intrigued with the technology,” but did not directly address if the SEC would approve a Bitcoin exchange-traded fund. 127 Total views 2 Total shares Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, reiterated his call for investor protection in securities offered by…
Bitcoin technicals sour as price dives under $54K and two critical whale clusters
Bitcoin has dropped below $54,000 on April 20 while whale clusters suggest that the key areas for BTC to reclaim in the short term are $56,274 and $55,172.The cryptocurrency market began to drop once again after an initial relief rally on Monday. Bitcoin dropped from $57,400 to sub-$54,000, losing the $55,172 whale cluster support level.Bitcoin whale…
Breaking: Visa and Mastercard halt new crypto partnerships — Report
According to sources, Visa and Mastercard will delay the launch of new blockchain partnerships until market conditions improve and a clearer regulatory framework is established. 615 Total views 2 Total shares Own this piece of history Collect this article as an NFTAccording to a Reuters report published on Feb. 28, American payment processors Visa and…
Zimbabwe Returns to Crypto as Reserve Bank Proposes Regulatory Sandbox
The Reserve Bank of Zimbabwe (RBZ) is reportedly developing a regulatory sandbox for cryptocurrency companies in the country. The news was reported on March 16 by local newspaper Chronicle, citing a representative from the bank speaking at a conference on March 13.Chronicle reports that RBZ’s deputy director for financial markets and national payment systems, Josephat…
Bank of England has no tech skills to issue CBDC yet: Deputy governor
BoE deputy governor Jon Cunliffe compared a potential digital pound with iPhone’s Apple Store as it could “open a new frontier for people to improve payments.” 95 Total views 4 Total shares Own this piece of history Collect this article as an NFTThe United Kingdom is not ready to issue a central bank digital currency…
Derivatives in Crypto, Explained
1. What is a derivative? A derivative is a financial contract between two or more parties based on the future price of an underlying asset. Financial derivatives are discussed a lot when it comes to the crypto industry, especially concerning futures contracts for Bitcoin or altcoins. It is worth noting that the derivative is one…
Team Behind Foin Token Scheme Explains Catastrophic Price Drop
The Foin project — which is behind the eponymous token that sunk following its supposed unlocking period at the beginning of January — has released an official explanation of the token’s tanking after the purported price pump.Cointelegraph reported in an investigation on Dec. 30, 2019 that we had found a trail of suspicious movements in…