Entries by Penny Wise

Bitcoin, Ethereum Moved Lower, XRP In Green

Bitcoin price failed to stay in the positive zone above USD 50,000. BTC extended its decline below the USD 48,000 support zone. It even tested the USD 46,200 support zone and it is currently (05:00 UTC) struggling to start a steady recovery wave. Similarly, most major altcoins are moving lower. ETH broke the USD 1,500 […]

User Data Issue Threatens to Blight New South Korean Crypto Regulation

Source: Adobe/ktsdesign A South Korean regulator has warned of a wrinkle in forthcoming crypto exchange-governing – just days from its promulgation. At worst, the issue could leave sensitive data about customers compromised due to a legal problem. As previously reported, a key amendment to the existing Act on Reporting and Use of Certain Financial Transaction Information will come […]

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Bloomberg Chief Analyst Says Bitcoin Could “March To $100,000” From Here

Bitcoin is currently struggling to reclaim $50,000, but one chief Bloomberg analyst says that the cryptocurrency could be ready to “march” toward $100,000 per coin in the near term. Here’s the data the senior commodity strategist says backs up the theory for the “nascent” cryptocurrency’s price doubling in short order. Bitcoin Building Foundation At $50,000, […]

The Evidence Is in on Negative Interest Rate Policies

Source: Adobe/Dmitry Naumov Luis Brandao-Marques is a Senior Economist in the Global Financial Stability Analysis Division in the Monetary and Capital Markets Department of the International Monetary Fund (IMF). Gaston Gelos is Assistant Director in the IMF’s Monetary and Capital Markets Department, where he heads the Monetary and Macroprudential Policies Division.________ Interest rates are low, […]

Cuban Goes Dogecoin, Bitcoin’s USD 100K Signal, Ripple’s CBDC Plan + More news

Source: Dogecoin Memes Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news US-based major crypto payment services company BitPay announced the rollout of dogecoin (DOGE) payments for merchants and consumers. The Dallas Mavericks will be the first to accept […]

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Bitcoin Affect? Billionaire Fund Manager Sells 1.8M Tesla Shares for Clients

Less than a month after US carmaker Tesla revealed its $1.5bn Bitcoin holdings, one of the company’s most vocal bullish investors announced that he had sold 1.8 million of its shares for clients. Ron Baron, the founder of Baron Capital, an investment management firm in New York, said his firm sold TSLA stocks for its […]