Can Bitcoin price break out after Bank of England interest rate cut?
This marks the bank’s first interest rate cut in over four years, with the last rate cut occurring in March 2020.
Related Posts
Pay and dump? How businesses accepting crypto payments influence adoption
Cryptocurrency enthusiasts often argue that businesses need to start accepting crypto as payments for adoption to grow — boosting usability and potentially creating strong demand for these currencies.Some crypto communities often focus heavily on growing business adoption, with maps now compiling businesses worldwide that accept different cryptocurrencies as a payment method.But if a business accepts
Ethereum L2 ecosystem processes a record 12.4M transactions in a day
The growth has been primarily driven by memecoin mania on the Coinbase L2 blockchain Base.
Analyst eyes Ether ‘major push’ to $3.5K amid traders betting on upswing
A crypto analyst says Ether could make a “major push” to $3,500 if it holds a $2,800 weekly close, and futures traders are betting on an upward move.
Kik Launches $5 Million Crypto Funding Campaign for Lawsuit Against US SEC
Canadian tokenized social media startup Kik has launched a $5 million crypto initiative to fund a lawsuit against the United States Securities and Exchange Commission (SEC), Kik CEO announced in the crypto-focused Unchained podcast by Laura Shin on May 28.Ted Livingston, Kik CEO and founder of Kik’s crypto project the Kin Foundation (KIN), revealed the…
Genesis Trading reveals $175M of funds are locked in FTX
Genesis Trading is the latest firm to declare exposure to FTX and may look to its parent company for help as it did after the 3AC bankruptcy. 310 Total views 2 Total shares In what it hails as an effort to be transparent, Digital Currency Group’s market maker and lending subsidiary, Genesis Trading, revealed that…
New Blockchain-Based Smart City Project Planned for Cambodian Capital
A Singaporean startup, Limestone Network, is using blockchain to sustain a smart neighbourhood at the heart of the Cambodian capital.As Tech in Asia reports on August 14, the 100-hectare mixed-use development in Phnom Penh encompasses residential properties, offices, retail centers, schools and a large-scale exhibition hall: it counts 10,000 business tenants and a daily population…
‘Fear’ returns to Bitcoin, while long-term holders own just 3% of BTC unrealized losses
Bitcoin price declines finally shake out “greed” among investors, according to the Crypto Fear & Greed Index. 703 Total views 11 Total shares Bitcoin (BTC) diving nearly 20% from all-time highs has finally taken its toll on market sentiment — investors are now “afraid.”According to the Crypto Fear & Greed Index, overnight losses on Nov.…
Big Brother Isn’t Watching: Crypto Platform Offers ‘Secure Messaging’
A new “feature-rich ecosystem” has been created for privacy-conscious individuals who want to keep their communications confidential and their data secure.The team of networking technology enthusiasts behind Utopia say it wants to create an antidote to a world of total surveillance — delivering a platform that offers freedom, anonymity and no censorship.Utopia has been in…