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Bitcoin Takes a Breather as Stocks Drop, Inflation-Adjusted Bond Yields Hit Record Low
27.7.2021
Deep negative real returns on bonds tend to boost the attractiveness of other assets
IMF Says Making Bitcoin a National Currency is an 'Inadvisable Shortcut'
27.7.2021
As El Salvador is preparing to make bitcoin (BTC) legal tender this September, the International Monetary Fund (IMF) issued another warning, stressing that this move "is an inadvisable shortcut."
While governments need to "step up" to provide the benefits offered by...
Bitmart seeks restraining order to prevent hackers from selling fake BSV
27.7.2021
The owner of crypto exchange Bitmart has asked a New York judge to intervene to prevent hackers from selling the fraud-begotten coins on the open market
Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges
27.7.2021
The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges. The operation, called “Exchange Transaction” by the Brazilian police, involved six search warrants in different locations of the country. These searches were...
Bitcoin price seeks higher low as trader forecasts $45K breakout within weeks
27.7.2021
Bitcoin will need several attempts, but resistance should ultimately fall to bulls, but a healthy consolidation is also required, market participants explain
Bitcoin Comes Closer to Its Swing Resistance at $41,500!
27.7.2021
Bitcoin is the market leader for sentiment rather than a reason. This sentiment has created a true value of Bitcoin in the range of $100,000. Whether or not it is achievable in the years to come is a question in value investor’s minds. But for BTC believers achieving $100,000 is on the clock....
Finder’s Experts Predict Ethereum Will Reach $4.5K This Year, $18K in 2025
27.7.2021
Ethereum will have a very bullish year, according to a price prediction poll made by Finder. The average price that the second-ranked crypto asset by market capitalization will reach this year is about $4.5K, according to polled experts in the cryptocurrency industry. The panel is also bullish...
Africrypt Bitcoin Heist: Contradicting Reports About the Directors Whereabouts Surface
27.7.2021
In a new twist to the Africrypt saga, two different reports have made contradicting claims about the whereabouts of Raees and Ameer Cajee, the two directors of the collapse bitcoin investment firm. However, both reports suggest the Cajees brothers had planned their escape prior to the alleged...
Bitcoin, Ethereum Correct Gains; Amazon Denies Rumor, Tesla Still Holds BTC
27.7.2021
Bitcoin price gained pace above the USD 38,000 resistance level. BTC even spiked above USD 40,000, but it faced a strong rejection. A high was formed near USD 40,500 and the price is currently (03:40 UTC) correcting gains.
Similarly, most major altcoins are correcting gains also. ETH topped near...
Market Strategist Says Bitcoin’s Best Days Are Ahead, Won’t See Restrictive Fed Policy Anytime Soon
27.7.2021
The founder of investment management firm Michael Lee Strategy says that “the best days of bitcoin are definitely ahead of it,” expecting the cryptocurrency to “make all-time new highs.” The strategist further says that it will be a long time “before we see any sort...
Amazon denies rumored plans for Bitcoin support
27.7.2021
Despite rejecting rumors the e-commerce giant will soon support Bitcoin payments, a spokesperson for Amazon has said the firm is still interested in the crypto space
Tesla reports record $1B income for Q2 despite $23M impairment loss on BTC
27.7.2021
Tesla’s latest earnings report showed that the firm conducted no digital asset purchases or sales in Q2, but reported an impairment loss of $23 million on its BTC holdings
Tesla Reveals Bitcoin Holdings Worth $1.3 Billion in Q2, $23 Million BTC Impairment
27.7.2021
Elon Musk’s electric car company, Tesla, is holding bitcoin worth $1.311 billion. The company did not buy or sell any bitcoin during the second quarter but recorded bitcoin-related impairment of $23 million. Tesla’s action reaffirms Musk’s prior statement that neither he nor Tesla...
Ternoa to List on AscendEX
27.7.2021
PRESS RELEASE. AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is excited to announce the Ternoa token (CAPS) listing under the pair USDT/CAPS on July 27 at 1 p.m. UTC. AscendEX and the Ternoa team will jointly launch two limited-time promotional events...
Think Tank: Crypto Buyers Must Have Right to Claim Refunds
27.7.2021
A report from a leading South Korean think-tank has concluded that crypto exchanges, banks and other institutions should be legally obliged to refund crypto investors in the event of the loss of private keys or bankruptcies.
According to Aju News and Sports Seoul, the recommendations came in...
Thorchain Trolled by Hacker After Two Successful Seven-Figure Exploits
27.7.2021
Thorchain, a popular defi protocol, has been compromised twice in the last two weeks, resulting in losses of over $10,000,000. The hacker responsible for the latest exploit left behind a message detailing the measures that should be undertaken to protect users. Hacker Returns to the Scene...
Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’
27.7.2021
Bitcoin price sold off below $37,000 shortly after topping $40,500, leading analysts to caution that bears still have a few tricks up their sleeves
PrimeXBT Lead Analyst Kim Chua: Historical Metric Suggests Bitcoin Bull Run Not Over
27.7.2021
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The sharp pullback and the amount of time Bitcoin has spent looking weak has gotten many traders worrying that the current bull market cycle has run its course and that we are moving into a bear...
IMF issues veiled warning against El Salvador’s Bitcoin law
26.7.2021
Making any cryptocurrency a national currency “is an inadvisable shortcut” to more inclusive financial services, according to two IMF officials
The Tether Put: Crypto Equivalent of Credit Default Swap?
26.7.2021
Cryptocurrency market makers say they're fielding inquiries about how to bet on a falling price for the dollar-pegged stablecoin USDT