bitcoin

PBOC urges Alipay and banks to crack down on cryptocurrency trading

PBOC Urges Alipay and Banks to Crack Down on Cryptocurrency Trading

On Monday, China’s central bank announced it had urged several payment companies and banks to clamp down on cryptocurrency speculation. The bank summoned major leaders, including the Industrial and Commercial Bank of China, the Agricultural Bank of China, and Alipay. The PBOC urged them to crack down harder on cryptocurrency trading and tell them they …

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bitcoin and ethereum news

Why Might Bitcoin Outperform Ethereum in The Short Term?

A potential bounce in the pair of BTC/ETH suggests Bitcoin might sprint past Ether in the following market rally. In terms of prices, Bitcoin (BTC) is about to be a star in outperforming Ether (ETH) in a short period. Chief investment officer at ExoAlpha, David Lifchitz, believes in this idea. He stated this idea after …

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Bitcoin

Swings of Bitcoin Get Smaller, Some Investors See It as a Recovery

On Tuesday, Bitcoin, the world’s largest cryptocurrency, changed at $36,426 as of 6:44 a.m. in New York, following two straight sessions of its gains. Since the beginning of the year, Swings in the price have fallen to their lowest. This happened despite reports during the weekend that U.S. financial authorities were preparing to take a …

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Elon Musk, Tesla, Bitcoin

Elon Musk and His Opinion On Bitcoin: Why it Matters?

In mid-May 2021, Bitcoin experienced a free fall. The crypto king fell below $40,000 for the first time in more than three months. On a single day, it saw a 30% drop before rebounding. That’s all because of Elon Musk’s Bitcoin statements on Twitter. He announced that Tesla no longer accepts Bitcoin payments. And it’s …

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