Why is Bitcoin price down today?
Bitcoin price is down today as macroeconomic pressure, declining Bitcoin network usage, and doubts over the Fed rate decrease drive prices downward.
Related Posts
Notorious crypto figures arrested in 2020
Over the past year, many prominent and colorful crypto personalities have been apprehended and arrested. From the jailing of antivirus pioneer John McAfee to the laying of charges against executives from one of the world’s largest exchanges, 2020 didn’t exactly shake off crypto’s reputation as a honeypot for criminals. Over the first ten months of…
Dubai’s crypto regulator VARA switches leadership as it ramps up operations
Outgoing head Henson Orser will remain a consultant after Matthew White takes over as the new CEO of Dubai’s Virtual Asset Regulatory Authority. 269 Total views 6 Total shares Dubai’s dedicated crypto regulator, the Virtual Asset Regulatory Authority (VARA), is switching leaders as it prepares for the next phase of its “ramp up to full-scale
China’s State-Run Media: Bitcoin Is Blockchain’s First Success
The official Chinese state-run Xinhua News Agency has published a report recognizing Bitcoin (BTC) as “the first successful application of blockchain technology.” Published today, Nov. 11, the coverage is exceptional given China’s abiding hardline stance against decentralized cryptocurrencies, as epitomized by Beijing’s historic September 2017 blanket ban on crypto exchanges and initial coin offerings. Even-handed exposureThe Xinhua…
Former Huobi-linked entity says it has $18.1 million stuck on FTX
Lin Li, the company’s founder, has agreed to lend up to $14 million to New Huo Technology to bail out affected clients. 516 Total views 4 Total shares According to a new filing with the Stock Exchange of Hong Kong on Nov. 14, investment holdings company New Huo Technology, formerly known as Huobi Global, has…
Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp
The monetary authority is developing a wholesale CBDC separately and earlier; it is looking at prospective retail use cases despite the lack of an “imminent role” for the currency. 208 Total views 12 Total shares The Hong Kong Monetary Authority (HKMA) published a paper outlining the state of research on its proposed retail central bank…
Robinhood will end support for 3 tokens named in SEC lawsuits
The company cited the SEC’s actions against Coinbase and Binance as reasons for the delisting, saying the lawsuits “introduced a cloud of uncertainty” around the tokens. Cryptocurrency and stock trading app Robinhood announced it will be ending support for Cardano, Polygon and Solana — all tokens labeled as unregistered securities by the United States Securities and…
Bitcoin loses $48K on Wall Street open as trader warns altcoins look ‘rekt’ against BTC
Bitcoin’s dominance holds firm despite fresh U.S. dollar losses as traditional finance trading gets underway. 16091 Total views 160 Total shares Bitcoin (BTC) declined as Wall Street trading opened on Dec. 13 as stocks came off Dec. 10’s record close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC/USD diving below…
Canadian regulator seeks feedback on crypto asset exposure disclosure requirements
The Canadian Office of the Superintendent of Financial Institutions is following a Basel model for its disclosure requirements. 76 Total views 1 Total shares Canada’s Office of the Superintendent of Financial Institutions (OSFI) has opened a consultation period on crypto asset disclosure requirements for federally regulated financial institutions (FRFIs). The consultation was foreseen in the