Why is Bitcoin price down today?

Bitcoin (BTC) rallied from an intraday low at $17,573.29 on Dec. 11 to an intraday high at $29,310.19 on Dec. 31, a 66.78% rally in a short span. This shows strong demand from traders at every higher level.Institutional crypto investment giant Grayscale bought 72,950 Bitcoin in December, which was 159.49% more than the 28,112 Bitcoin…

The World Bank has refused to support El Salvador’s request for help in the transition to use Bitcoin as legal tender. 926 Total views 8 Total shares The World Bank has refused El Salvador’s request for help on the country’s transition to adopting Bitcoin as legal tender. It cited issues with Bitcoin’s environmental impact and…

Police in Burnaby have noted a surge in Bitcoin-related scams across Vancouver. 1211 Total views 42 Total shares The Royal Canadian Mounted Police, or RCMP, in Burnaby, a district of Vancouver in British Columbia, reported a surge of Bitcoin (BTC) related scams across the city. This news comes amid recent reports of similar activity occurring…

There is yet no opportunity to know whether US dollar-backed stablecoins like USDT or USDC will be allowed in Japan by June 2023, the FSA said. 1329 Total views 20 Total shares Own this piece of history Collect this article as an NFTJapan’s new regulations allowing investors to trade using stablecoins like Tether (USDT) are…

Compliance experts explain the importance of working with regulators to ensure that effective crypto laws are passed.

On April 9, Canadian asset manager 3iQ announced that its efforts to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange had finally come to fruition after three years of continued legal disputes. As a result of this move, 3iQ has become the first firm to release such an offering commercially on…

G2A Capital Group CEO Bartosz Skwarczek said that the marketplace will help gamers find information on Web3 games and buy and sell assets associated with the games. 148 Total views 1 Total shares Digital game vendor G2A has recently launched a marketplace for nonfungible tokens (NFTs) linked to Web3 games to expand its offerings by

A developing strategy to mitigate the crippling effect of economic sanctions could see cryptocurrencies being used by Iranian firms to pay for imports such as raw materials and electronics. 3196 Total views 20 Total shares Iran is continuing to explore the potential use of cryptocurrency as a tool for mitigating the devastating impact of economic…

Saylor underscored the high maintenance costs and taxes linked with owning and inheriting physical property over the long term, which in the case of Bitcoin, does not exist. 289 Total views 21 Total shares MicroStrategy CEO and Bitcoin (BTC) advocate Michael Saylor doubled down on his support for Bitcoin as he explained the issues related…