crypto market

Bitcoin sank as China intensified crypto mining crackdown

Bitcoin Sank as China Intensified Crypto Mining Crackdown

On Monday, Bitcoin dropped low as China intensified its crackdown on cryptocurrency mining. According to data from Coin Metrics, on Monday morning, the world’s largest digital currency fell $31,766, dropping below $33,000 for the first time since the beginning of June. It was trading at $32,473 at 4:00 p.m. ET, down 9% on this day. …

Bitcoin Sank as China Intensified Crypto Mining Crackdown Read More »

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 …

PBOC Urges Alipay and Banks to Crack Down on Cryptocurrency Trading Read More »

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 …

Why Might Bitcoin Outperform Ethereum in The Short Term? Read More »

Hedge funds might hold 7% of assets in crypto for five years

Hedge Funds Might Hold 7% of Assets in Crypto for Five Years

Hedge funds might significantly increase the exposure to cryptocurrencies in five years. A new survey showed that the company has a significant vote of confidence for digital assets after recent price falls. Fund administrator Intertrust surveyed 100 chief financial officers globally. It found out that executives might hold an average of 7.3 percent of their …

Hedge Funds Might Hold 7% of Assets in Crypto for Five Years Read More »

Kraken decided to rethink the direct listing plan

Kraken Decided to Rethink the Direct Listing Plan

Jesse Powell, CEO of Kraken, had second thoughts about the direct listing and potentially leaned towards an IPO. Jesse Powell decided to rethink Kraken’s plan to go public, which is planned for late 2022, right after the uninspiring performance of Coinbase stock since April 14. Powell spoke with Fortune on June 11, stated that the …

Kraken Decided to Rethink the Direct Listing Plan Read More »

Bitcoin's price BTC

Bitcoin Is Above $37,000 After El Salvador Accepts It as Legal Tender

On Wednesday, Bitcoin surged after El Salvador decided to pass a law for adopting bitcoin as legal tender. According to CoinDesk data, the cryptocurrency was trading at $37,176.45 at around 11:43 p.m. ET, up 14% from the previous 24 hours. On Wednesday, lawmakers in the Central American country decided to pass a law that made …

Bitcoin Is Above $37,000 After El Salvador Accepts It as Legal Tender Read More »

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 …

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

UK Police found an illegal bitcoin mine in West Midlands

UK Police Found an Illegal Bitcoin Mine in West Midlands

Police in the United Kingdom says they accidentally discovered an illegal bitcoin mine while looking for a cannabis farm. Police have discovered a crypto operation that utilized stolen electricity to mine bitcoin in the West Midlands. Officers from West Midlands Police raided a building in an industrial estate on May 18. They were expecting to …

UK Police Found an Illegal Bitcoin Mine in West Midlands Read More »

Subscribe to Our Newsletters

Have The Best Of Trade Market News Delivered Directly To Your
Mailbox. Subscribe To Receive The Latest Market News.