Bitcoin (BTC)

Bitcoin’s calm weekend continues as the asset has stalled in a tight range between $33,000 and $34,000. Most alternative coins are performing similarly with minor moves in either direction. Bitcoin Stalls at $33.5K Bitcoin tested $35,000 during the workweek but failed to breach it, and the bears pushed it down south. In a matter of days, the cryptocurrency fell by nearly $3,000, resulting in a two-week bottom of just over $32,000. Nevertheless, the trajectory reversed shortly...

Cryptocurrencies have many use cases and vanity is one of them. Sotheby’s, one of the world’s most renowned auction houses, announced yesterday the sale of the second-largest pear-shaped diamond ever to be sold publicly, and the buyer paid in cryptocurrency. The auction house did not disclose the winner’s information, but according to an updated information shared by Sotheby’s, the mystery bidder paid for the diamond using cryptocurrency. Sotheby’s had announced in advance...

Bitcoin and the cryptocurrency space have fallen hard in recent weeks, but according to Oppenheimer analyst Owen Lau, these moves should not be affecting Coinbase stock, and the exchange’s public listing does not deserve to get swept under the bus. Coinbase Should Not Be Associated with BTC’s Drops Coinbase made its public debut on the Nasdaq in mid-April. At first, things started out great. Stock shares in the exchange began at more than $300 each, while bitcoin...

Nearly half of the UK residents aged between 18 and 29 admitted that their first investment was in digital assets. However, more than 50% of the youngsters used debt to purchase cryptocurrencies. Crypto is Attractive for The Young Britons A recent poll conducted by Opinium for the investment platform Interactive Investor revealed that 45% of 18-29-year-olds in the UK dived into the crypto market as a first-time investment in their lives. Out of all digital assets, bitcoin is...

Bitcoin has been tanking hard as of late, but according to financial analyst Michael Wu, this presents several benefits that investors are not seeing. Michael Wu: Institutions May Get Involved Again if BTC Falls Further In recent months, bitcoin hit its highest position yet and was trading for approximately $64,000 per unit. This feat was accomplished in mid-April, though since then, the currency has fallen and lost about half that value, marking one of the biggest drops...

Coinstar customers in Connecticut now have the option of purchasing bitcoin and other cryptocurrencies. Coinstar Is Bringing Bitcoin to the Masses Typically, those big green machines one sees in the corners of supermarkets and grocery stores allow a person to bring in all their loose change and trade it for paper bills. Now, however, these machines are permitting customers to exchange those coins for digital currencies, suggesting just how big and popular the space has...

Crypto influencers will no longer be allowed to promote crypto projects on TikTok after the popular social network released new guidelines on Friday. TikTok Bans Crypto Ads Updating its Brand Content Policy, TikTok noted that all the following forms of financial services and products are now banned from the social media platform: cryptocurrencies, trading platforms, pyramid schemes, “get rich quick” schemes, credit cards, loans, and some others. According to recent reports,...

In dieser Woche hat TikTok seine Nutzungsbedingungen aktualisiert. Die Neuerungen im Bereich „Branded Content“ umfassen Dienstleistungen und Produkte im Finanzbereich, wodurch das Thema Werbung für Cryptocoins auf der Plattform zum Problem werden könnte. Crypto News: TikTok verbietet Werbung für CryptocoinsWerbung für „Financial Services and Products” ist derzeit erlaubt, zumindest wenn der Nutzer, der diese Werbung sieht, älter als 18 Jahre ist. Werbung für Cryptocoins und digitale Assets...

Conférence d’Alexandre Stachtchenko, Directeur Blockchain & Cryptos chez KPMG France dans le cadre du Swissquote Trading Day 2021 qui s’est déroulé le jeudi 24 juin 2021 au SwissTech Convention Center de l’École Polytechnique Fédérale de Lausanne.

On-chain data suggests that the bullish enthusiasm among bitcoin investors has been slashed, alongside its price. Even while the price has stabilized itself within the $30-35k range for weeks now, funding rates have been consistently negative for that entire time, indicating that investors don’t expect the price to return to its former highs anytime in the next short-term, at least judging by this metric. What are Funding Rates in the Bitcoin and Crypto Perpetuals? Due to the...