Bitcoin

Bitcoin Consolidation between $55k-$60K Strongest Since $11K, $72k Next Target

April 3rd, 2021

Bitcoin price is currently moving just under $60K and a rally away from testing the previous ATH of $61,636. There has been a lot of bitcoin discussion potentially reaching its top in March mainly due to the declining market dominance of the top cryptocurrency that fell below 60% for the first time since the start…

Spain Is ‘Close’ to Regulating Crypto-Related Ads in the Streets, Says CNMV President

April 1st, 2021

Spanish financial authorities don’t seem to be happy with the massive crypto-related advertising campaigns deployed across Madrid’s streets. The National Securities Market Commission (CNMV) is rushing to approve a regulation on such ads that promote bitcoin in Spain. Proposal Comes in the Wake of a Bitcoin Advertising Campaign Ran by a Local Exchange During a…

Bitcoin on the verge of 10 percent technical retracement

March 31st, 2021

Bitcoin has for some time been stuck in a narrow range between $58,000 and $59,500. Attempts to hit highs above $60,000 have been thwarted. At the time of writing, BTC is teetering at $58,700 while facing a bearish building momentum. The four-hour chart shows Bitcoin trading at the apex of a rising wedge pattern. This…

Canadian Company Mogo Offers Bitcoin Rewards for Clients Engaging in a New Mortgage or Refinancing

March 31st, 2021

On Monday, the publicly-listed Canadian company Mogo announced the firm is extending the bitcoin rewards program applied to the firm’s prepaid Visa card to the operation’s Mogomortgage product. Mogo members leveraging the Mogomortgage platform can earn up to $3,100 in bitcoin if they engage in a new mortgage or refinance an existing real estate loan….

Paypal Enables Cryptocurrency Payments at Millions of Stores With ‘Checkout With Crypto’ Launch

March 30th, 2021

Payments giant Paypal has launched the “Checkout With Crypto” service to allow consumers to make payments at millions of merchants using cryptocurrencies in their Paypal wallets. “This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your Paypal wallet,” said Paypal’s CEO….

Bitcoin Flips Australian Dollar In Valuations, BTC Network Transacts $137,000 Every Second

March 30th, 2021

On Monday, March 29, Bitcoin (BTC) made a strong move above $58,000 with its market cap touching $1.09 trillion. As it turns out, Bitcoin’s valuations at the current price have helped it flip the fifth more powerful global currency aka the Australian Dollar (AUD). The global circulation of AUD is just a little less at…

Indian Government Now Requires Companies to Disclose Cryptocurrency Holdings

March 29th, 2021

The Indian government has introduced new cryptocurrency disclosure rules. Companies dealing in cryptocurrencies will have to disclose their crypto holdings, among other disclosures, as part of their financial statements beginning April 1. New Crypto Disclosure Requirements The Indian Ministry of Corporate Affairs (MCA) issued a notification last week mandating companies to disclose crypto trading and…

The Fed Plans to Unveil Digital Dollar Prototypes in July

March 28th, 2021

The Federal Reserve is actively working on a central bank digital currency and some prototypes are near completion. The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) plan to unveil two prototypes of a digital dollar as early as July. Digital Dollar Prototypes Coming Soon Federal Reserve Chairman Jerome Powell said…

Ark Investment’s Cathie Wood Cautions Investors On Buying Tesla With Bitcoin

March 26th, 2021

Earlier this week, Tesla CEO Elon Musk announced that the company has started accepting Bitcoin payments against the purchase of any Tesla model. While this news certainly sparked excitement among Bitcoin investors and Tesla fans, there’s a moment of caution to observe. Ark Investment’s Cathie Wood is a bit unsure of whether investors should really…

Jamaica Plans to Pilot a Central Bank Crypto, CBDC to Work Alongside Notes and Coinage

March 26th, 2021

While a number of countries are working on central bank digital currencies (CBDCs), on Tuesday, the Bank of Jamaica (BoJ) announced it will soon be piloting a CBDC project. The BoJ is working with a firm called Ecurrency Mint Incorporated and plans to pilot the cryptocurrency in May. Jamaican CBDC to Pilot this May Jamaica,…