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Bitcoin has been rejected in the high area around its current levels and trends to the downside in the daily chart. At press time, BTC’s price has slide back into early week levels trading at $62,668 with a 5.1% loss in the daily chart. The bullish sentiment remains as Bitcoin […]
Edward Snowden has touted the antifragility of Bitcoin (BTC) despite increasing regulatory scrutiny on cryptocurrencies around the world. Tweeting on Sunday, the former United States Central Intelligence Agency agent stated that Bitcoin has gotten stronger on the back of government bans and anti-crypto policies. Snowden’s tweet referenced remarks made back […]
Nigerian cryptocurrency adoption continues to rise in spite of government crackdown, with peer-to-peer (P2P) trade volume for Bitcoin posting its second strongest week on record last month. According to data from Google Trends, Nigeria still ranks number by search interest for the keyword “Bitcoin” as of this writing. P2P Bitcoin […]
Chinese government officials are announcing plans to continue a crackdown on cryptocurrency trading and speculation. What happened: In a statement released on Saturday, the People’s Bank of China says it will “maintain high pressure on virtual currency trading hype.” Noting that the central bank has been “severely cracking down on illegal […]
New Jersey, Texas, and Alabama have individual state regulators issuing concerns that New Jersey-based DeFi firm, BlockFi, is offering unregistered securities. Regulators seem to particularly point to BlockFi’s Interest Account (BIA), which offers rates that consumers are now becoming accustomed to in DeFi – but that have blown traditional banking […]
Cambridge research shows that China’s Bitcoin mining power fell by 40% before the crackdown, while the United States’ hash power has quadrupled. China’s crackdown on Bitcoin (BTC) mining due to energy consumption concerns is widely regarded as the trigger for the miners’ exodus from Asia to Western countries. But new […]
Financial institutions, crypto miners and now, software companies — where will regulators in China move to strike next? Financial regulators in China have shut down a Beijing-based software company they suspect of providing services to crypto traders. In a Tuesday joint statement, the Beijing Financial Supervision and Administration Bureau and […]