According to local news publication TASS, the Bank of Russia will consider a gold-backed digital currency for use in international settlements. However, the institution remains opposed to truly decentralised crypto assets. The world power has reportedly mulled the idea of creating a digital currency before and it is also believed by some that the Venezuelan…
The aggregated crypto markets have incurred some selling pressure today that has sent Ethereum’s price reeling back nearly 5%, jeopardizing the upwards momentum that the crypto has incurred over the past several weeks. Despite this, earlier today news broke regarding the approval of the Grayscale Investment’s Ethereum Trust for individual investors. The investment vehicle –…
The long awaited crypto correction appears to have initialized today. After hitting resistance twice and failing to break it, Bitcoin has plunged back below $8k now as markets tumble. Analysts have been scanning the charts looking for support zones, and there are quite a few of them. Bitcoin Slides 4 Percent BTC has spent the…
Crypto markets dumping hard; Stellar, Cardano, BSV, NEM and IOTA in a hurt locker, Matic still moving. The big Bitcoin pullback has finally begun. Crypto markets are crumbling today in Asia as Bitcoin dips precipitously below key support sending the altcoins crashing around it. Total market capitalization has shed over $14 billion and is approaching…
The recently-created Square Crypto – the digital currency division of financial services firm Square – has just announced that it is poised to make its first hire. However, despite the seeming inclusiveness of the name Square Crypto, the project seems very much focused on the original decentralised digital asset, Bitcoin. There is a growing body…
Despite facing some levels of volatility over the past week, Bitcoin has now been able to find some stability and is hovering right below the $8,000 level. It is important to note that BTC does face some levels of resistance in the lower-$8,000 region, as it has tried, and failed, on multiple occasions to climb…
Today marks the nine-year anniversary of the first ever reported transaction using Bitcoin to make a purchase. A Florida-based, early crypto supporter spent 10,000 BTC on two pizzas, making history through a mundane meal purchase. Since then Bitcoin price has grown exponentially and the asset has become a widely recognized name in the financial technology…
Since breaking the $8k barrier on May 14, Bitcoin has remained in this range for over a week. A short-lived correction sent it barreling back to $7k but a recovery came less than two days later after a certain high profile news outlet predicted a bigger dump. Counter Trade Indicator Says Buy CNBC’s Fast Money…
Crypto markets remain range bound; Binance Coin and Bitcoin SV lifting off, ETH grinding up. Crypto markets are still flat today as the consolidation continues. There has been very little movement on most of the majors however one or two lower cap crypto assets have lifted off. Total market capitalization as a result has remained…
Former US presidential candidate and congressman Ron Paul is a regular critic of the United States Federal Reserve and of the country’s economic policy. In the past, the libertarian politician has spoken out in support of cryptocurrencies, suggesting that making the digital assets exempt from taxation could help avoid a “Fed-created recession.” In a new…