Bitcoin

Bitcoin’s Latest ATH At $68K Driven By Whale Accumulation

November 9th, 2021

Bitcoin price lastest new all-time highs appears to have been triggered by a massive reduction in active supply over the last three months. BTC’s price outlook is bullish as bulls aim for areas above $83K. Bitcoin’s (BTC) latest run to new record highs appears to have been triggered by increased accumulation by large holders over…

Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring

November 8th, 2021

The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime. Senators Back Law Concerning Crypto Services in Kazakhstan Members of the upper house in Kazakhstan’s parliament, the…

Indian Payments Giant Paytm Could Offer Bitcoin Services if Government Makes Crypto Legal, Says CFO

November 5th, 2021

Paytm, one of India’s largest payments companies, is open to offering bitcoin services if the crypto asset becomes legal in the country, according to its chief financial officer. If bitcoin “was ever to become fully legal in the country, then clearly there could be offerings we could launch,” he said. Paytm Open to Bitcoin Offerings…

BTC Whales Prepare for the Mega Bull Run, U.S. Congressmen Back Spot Bitcoin ETF

November 4th, 2021

Over the last week, the world’s largest cryptocurrency has been consolidating in the $62K-$63K range. We have been also hearing a lot of institutional and regulatory talk around Bitcoin post the launch of the first Bitcoin futures ETF in the United States. As per data from Glassnode, Bitcoin HODLers have been strong holding their BTC…

US Senator notes, “Bitcoin is here to stay”, but remains uncertain about others

November 3rd, 2021

The US sitting Senator, Cynthia Lummis argued Bitcoin’s dominance in an exclusive interview with Squawk Box. Sen. Lummis, who is fighting for clear regulations to further ensure the growth of crypto in the US, reinstated that Bitcoin is the “standard”, given its completely decentralized nature. She determined that, while Bitcoin is a commodity, other tokens…

Paraguay Eyed as New Bitcoin Mining Destination

November 2nd, 2021

Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for the upcoming farm. In June, local media declared that there were…

Bitcoin Closes Above $60K For The Third Week Running

November 1st, 2021

Bitcoin price turned down over the weekend as Bitcoin closes above the $60 psychological level for the third week. BTC bulls have to defend the 200-day SMA at $56,813 to remain bullish. The bullish momentum slowed down for BTC bulls over the weekend as Bitcoin price turned down on the last day of ‘Uptober’. The…

Bitcoin Price Keeps Rewarding Investors; Here Are The Levels To Watch Targeting $70,000

October 29th, 2021

Bitcoin confirmed our prediction earlier in the week that a dip under $60,000 would do more good than harm its bullish progress. The flagship cryptocurrency went ahead to test support at the lower edge of the demand area, highlighted in green on the chart, precisely at $58,000. This pullback made BTC more attractive to traders…

Slovenia Launches Public Consultations on Crypto Taxation Law

October 28th, 2021

Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed. Slovenia to Amend Tax Rules for Cryptocurrencies The Finance Ministry in Ljubljana has opened public consultations…

Bitcoin Under Pressure, Can Valkyrie’s Newly Filed Leverage Bitcoin Futures ETF help?

October 27th, 2021

After hitting an all-time high last week above $67,000 Bitcoin (BTC) has once again come under pressure. The world’s largest crypto is trading 1.79% down at $61,169 with a market cap of $1.156 trillion. But despite this, the general news and optimism around Bitcoin remain high. Valkyrie Investments, which launched its Bitcoin futures ETF last…