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The US Steps Up Political Pressure On El Salvador Amid Bitcoin Plans
1.7.2021
The US is now seemingly increasing pressure on El Salvador that is pushing forward with its plans to adopt bitcoin (BTC) as legal tender alongside the US dollar.
Tensions have been rising between El Salvador’s President Nayib Bukele and the Joe Biden administration in the United States,...
China’s Oldest Exchange Exits Bitcoin Business Amidst Regulatory Pressures
28.6.2021
BTCC, ostensibly the first cryptocurrency exchange established in China, exited the bitcoin trading business last week. According to statements, this was the result of the continued regulatory pressure Beijing is exerting on cryptocurrency businesses. The company will now transition...
Ontario Crackdown on Crypto Exchanges Continues With Binance Leaving the Province
27.6.2021
Cryptocurrency exchange Binance will no longer provide services in the Canadian province of Ontario. The decision comes amid ongoing regulatory pressure on digital asset trading platforms that has already affected the operations of several exchanges. Crypto Exchange Binance Exits Canada’s...
Bitcoin sell pressure may hit zero in July thanks to Grayscale’s giant 16K BTC unlocking
14.6.2021
The biggest single unlocking day will flush sellers from the market in July, opening up both volatility and bullish potential
China’s Carbon Neutral Stance Puts Pressure on BTC Miners, Sichuan Electricity to Increase 150%
24.4.2021
Bitcoin’s global hashrate dropped ten days ago following a coal mine accident that caused significant grid blackouts in Xinjiang, China. While initial estimates had shown more than 40% of the hashrate dropped, statistics from a five-day average show the hashpower only lost around 25%....
South African Crypto Exchange Ceases Operations Less Than a Month After Suspending BTC Withdrawals
7.4.2021
A South African cryptocurrency exchange, Ice3x, announced on April 6, that it will permanently stop operations, less than a month after suspending bitcoin and litecoin withdrawals. Ice3x, which one of the oldest crypto exchange in that country, says it came to this decision after lawyers advised...
Bitcoin and Ethereum Correct Gains, Altcoins Absorb Selling Pressure
30.3.2021
Bitcoin price followed a bullish path above the USD 57,000 resistance. BTC even cleared the USD 58,000 resistance and traded close to USD 58,500. It is currently (04:30 UTC) correcting gains, with major supports near USD 57,000 and USD 56,500.
Similarly, most major altcoins gained bullish momentum....
Bytetree Founder Believes Grayscale Should Lower Its ‘Unrealistically High’ Fee: Warns of Possible ‘Systemic Risk’
21.3.2021
The founder of Bytetree Asset Management, Charlie Morris, has suggested the reduction of the GBTC management fee as one way Grayscale Investment can ease the current selling pressure and possibly reduce the discount on the shares. Morris says if no action is taken, “the selling pressure will...
Jack Ma’s Ant Group Agrees to Restructure After Pressure From China’s Regulators
3.2.2021
Regulators have been clamping down on Ant Group, even cancelling its expected $35 billion twin IPO late last year
Analyst: Chinese New Year could drive Bitcoin selling pressure
28.1.2021
Stack Funds’ analysis suggests that Bitcoin’s floor price has yet to be found as the Chinese New Year approaches
Up or Down? Data Send Mixed Signals About Sell Pressure for Bitcoin & Ether
7.1.2021
While some data shows the selling pressure increasing for ethereum (ETH) this year, and remaining largely unchanged for bitcoin (BTC) as it keeps hitting new all-time highs - other data sends mixed signals, suggesting that more market participants want to buy the two major coins, not sell...
Whale Sightings Become Scarce, Removing Downward Pressure on Bitcoin: Analyst
28.12.2020
Big bitcoin balance holders, or "whales," are moving less crypto onto exchanges, signaling some reduction of sell-side pressure, according to CryptoQuant
Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package
21.12.2020
Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover...
Bitcoin price risks losing 'critical technical level' as stocks under pressure
8.12.2020
Bitcoin faces pullback risk as U.S. stocks begin to drop following a six-week rally
Psychology, Sell Pressures Keep Bitcoin Below $20K
4.12.2020
Psychology and selling pressures have kept bitcoin's price below $20,000
FATF Signals More Pressure on Crypto Industry As It Moves 'Too Slow'
16.11.2020
International regulators have hinted that they may seek to block global stablecoins if their operators attempt to launch tokens in jurisdictions beyond their remit. Also, they suggested that they could be prepared to redouble their regulatory efforts as Virtual Asset Service Providers (VASPs)...
Bitcoin Cash Faces Increased Selling Pressure Ahead of Hard Fork
13.11.2020
With the Bitcoin Cash (BCH) hard fork fast-approaching, BCH inflows to exchanges reached their highest point in eight months, and it appears that more market participants want to sell than buy the coin, according to the data provided by blockchain analysis company Chainalysis.
Another hard fork...
Bitcoin and Altcoins Face Increased Selling Pressure
3.11.2020
In the past three sessions, bitcoin price saw an increase in selling pressure below USD 13,650. BTC broke the USD 13,500 support and even extended its decline below the USD 13,350 support. The price is currently (05:00 UTC) holding the USD 13,200 support, but it might struggle to climb back above...
Putting Pressure on Bitcoin’s Lightning Network Vulnerabilities Will Strengthen It
28.10.2020
These vulnerabilities are reminders that improvements come with trade-offs – and that security and usability are two sides of the same coin
How Hacker News Crushed David Walsh Blog
28.10.2020
Earlier this month, David’s heartfelt posting about leaving Mozilla made the front page of Hacker News. Traffic increased by 800% to his already-busy website, which slowed and eventually failed under the pressure. Request Metrics monitors performance and uptime for David’s blog, and our metrics...