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Amazon to launch its own cryptocurrency to compete with the Bitcoin fever

The Bitcoin marked a new record. On Wednesday, the largest cryptocurrency increased almost 6% to around $51,431. The “Bitcoinmania” does not stop. More and more large international companies are looking to launch their digital currency to compete in the market. Amazon, the biggest e-commerce company, is currently working on a digital currency project in Mexico. This initiative …

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Bitcoin may hit $100,000 by the end of the summer this year

Leave a Comment / Cryptocurrency news / By Penny Collins

On February 12, Bitcoin, the largest cryptocurrency globally, hit an all-time high of $49,000. This happened after BNY Mellon became the latest firm to adopt cryptocurrencies. According to BNY Mellon, it will form a new unit to help clients hold, transfer and issue digital assets. Significantly, on Thursday, the dominant cryptocurrency was trading between $47,000 …

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Malaysian Financial Regulator Warns Admiral Markets Clone

Leave a Comment / Broker News / By Penny Collins

Malaysia’s financial regulator has blacklisted another group of FX and investment websites. Admiral Markets’ European authorization does not entail passporting rights to promote its products in Malaysia. The regulator cited their brands as unauthorized to operate in the country. The most notable to the Securities Commission (SC) warning list is the clone firm that claimed …

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Bitcoin price may increase to $12,000

Leave a Comment / Cryptocurrency news / By Penny Collins

According to the latest news, financial stimulus packages bolster the stock market and cryptocurrencies. On April 11, the first round of checks worth $1,200 was deposited directly into bank accounts. A week later, Brian Amstrong, the CEO of Coinbase, pointed out that the deposits of $1,200 on Coinbase were growing. Now, Washington is discussing whether …

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Bitcoin Price Could Hit a New 2020 High

Leave a Comment / Cryptocurrency news / By Penny Collins

According to the latest news, the world’s most enormous cryptocurrency, Bitcoin, could hit a new 2020 high if bulls hold the value above the key multi-year resistance at $11,500. Moreover, the U.S. Securities and Exchange Commission has shot down several Bitcoin (BTC) exchange-traded fund applications during the past three years. This action destroyed many investors’ …

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Feds Turn to Crypto Assets for the Unbanked

Cryptocurrency news / By Chloe Goodwin

The Federal Reserve plans to save its unbanked against the novel coronavirus. Because of this, US politicians are now considering the use of “crypto dollars” as a currency amid the COVID-19 economy. According to the House Financial Services Committee Chairwoman Maxine Waters, legislative text called financial institutions to provide digital wallets. These wallets will provide …

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Middle Easterners, Recommended the Use of Digital currency

Leave a Comment / Cryptocurrency news / By Chloe Goodwin

In the midst of plummeting value in both oil and stock markets, Middle Easterners are turning to digital currencies for safety. The sudden oil price war between Saudi Arabia and Russia battered public confidence for these assets, experts believe that now is the best time to expand digital portfolios in the region. Digital assets’ accessibility, …

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ESMA Shift Focus on Digital Assets

Leave a Comment / Cryptocurrency news / By Chloe Goodwin

Following the US Securities and Exchange Commission (US SEC), the European financial regulator announces its focus on digital assets this year. The European Securities and Markets Authority (ESMA) published “Strategic Orientation 2020-22” with promises to address concerns about cyber dangers. As risks arise from digitalization, ESMA stresses the importance of studying them. The organization aims …

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Digital Assets

Amazon to launch its own cryptocurrency to compete with the Bitcoin fever

Bitcoin may hit $100,000 by the end of the summer this year

Malaysian Financial Regulator Warns Admiral Markets Clone

Bitcoin price may increase to $12,000

Bitcoin Price Could Hit a New 2020 High

Feds Turn to Crypto Assets for the Unbanked

Middle Easterners, Recommended the Use of Digital currency

ESMA Shift Focus on Digital Assets

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