Tag Archives: Bitcoin

‘If we compare today to the April highs, we can say with absolute certainty that the hype has left the market,’ said one analyst. Cryptocurrencies were recovering slowly but steadily from an earlier sell-off but are once again down on Wednesday, with bitcoin’s price quite a distance from its all-time high of $63,000 (£45,552) in April. Bitcoin (BTC-USD) fell 0.7%, trading at $34,891 on Wednesday morning. “If we compare today to the April highs, we can say with absolute certainty that the… Source link

As Bitcoin and other digital coins rise in popularity, so have the number of gripes with the largest cryptocurrency exchange in the U.S., according to a new study. Coinbase was the most complained-about crypto digital wallet in the Consumer Finance Protection Bureau’s complaint database, according to a study done by the U.S. Public Interest Research Group, with the volume of filings — albeit starting at a low level — accelerating this year.  “Coinbase should be investigating consumer… Source link

Megabank Morgan Stanley has purchased 28,289 shares of Grayscale Bitcoin Trust through its Europe Opportunity Fund, according to an SEC filing. Grayscale is owned by CoinDesk parent company Digital Currency Group. Morgan Stanley has been increasingly active in the cryptocurrency space in recent months to meet growing demand from its clients. In April, the firm allowed a handful of its funds to invest indirectly in bitcoin through cash-settled futures contracts and Grayscale’s Bitcoin Trust,… Source link

El Salvador is becoming a proving ground for Bitcoin’s biggest ideas. “I really see El Salvador as being the Switzerland of Latin America, if this experiment goes successfully,” Ray Youssef, CEO of peer-to-peer crypto exchange Paxful, said over Zoom.  On Sept. 7, El Salvador will become the first country in the world to adopt bitcoin as legal tender. That could open a new age for the struggling Latin American economy, President Nayib Bukele, the prime mover behind the so-called… Source link

Robert Kiyosaki has stated that buying bitcoin, gold, and silver are good bets as he expects the biggest crash in world history is upon us. The American businessman and author of the acclaimed book “Rich Dad, Poor Dad” has expressed his views on the current financial market.  Kiyosaki is a bitcoin maximalist who has become very vocal about his opinions on bitcoin in recent months. The 74-year-old’s recent tweet backs gold, silver, and bitcoin as safe haven assets pending a worldwide… Source link

Reuters Mexico says cryptocurrencies are not money, warns of risks MEXICO CITY (Reuters) -Mexican financial authorities on Monday said that crypto assets are not legal tender in Mexico and are not considered currencies under current laws, warning that financial institutions that operate with them are subject to sanctions. The joint statement by the Bank of Mexico, finance ministry and banking regulator comes after Mexican billionaire Ricardo Salinas Pliego on Sunday said his banking business,… Source link

(Bloomberg) — The Cajee brothers, who ran a cryptocurrency investment platform from South Africa that the local regulator suspects of being a Ponzi scheme, are confounding both their family and desperate investors alike. It’s still hard to establish the whereabouts of Ameer and Raees Cajee, the pair that operated Johannesburg-based Africrypt since 2019. They appear to have vanished, along with an estimated $3.6 billion in Bitcoin — an amount that a lawyer for the brothers said was… Source link

In this series of articles, BeinCrypto explores the state of various cryptocurrency ETFs in the United States. This particular article will focus on the Kryptoin bitcoin ETF, which was first introduced in 2019. Kryptoin’s bitcoin ETF has been in the news since 2019 and may find approval alongside the cryptocurrency market’s success in 2021. Institutional involvement in bitcoin and other cryptocurrencies has ramped up in recent years. The turning point for this change was introducing the… Source link

(Bloomberg) — Strategists are struggling to see a turnaround ahead for Bitcoin, at least for now, as the digital coin hovers around the $30,000 level. The near-term setup is “challenging,” a JPMorgan Chase & Co. team including Josh Younger and Veronica Mejia Bustamante wrote in a note Friday, while Fundstrat Global Advisors LLC’s David Grider recommended reducing risk or buying some protection. The JPMorgan team said blockchain data suggests recent cryptocurrency sales were made to… Source link

(Reuters) – Bitcoin dipped 8.51% to $31,699.83 at 22:04 GMT on Friday, losing $2,937.27 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 14.3% from the year’s low of $27,734 on Jan. 4. Ether, the coin linked to the ethereum blockchain network, dropped 7.37 % to $1,843.07 on Friday, losing $146.56 from its previous close. (Reporting by Maria Ponnezhath in Bengaluru; Editing by Chris Reese) Source link