Bitcoin (BTC)

Michael Hsu – the new chief of the OCC – revealed that the US independent bureau plans to put under review its crypto guidelines offered over the past year. He added that all federal banks should provide interpretive letters and guidance, including issues around digital assets alongside pending matters. Is Stance Towards Crypto Getting Tougher? The United States Office of the Comptroller of Currency, which regulates all national banks and federal savings associations, will...

Over the past year, we have heard that bitcoin is a necessary ingredient of a successful portfolio. That so many hedge funds, wealth managers and other individuals and firms in charge of handling customers’ money are working hard to give them access to crypto, and that anywhere between one and three percent should be allocated to bitcoin. However, according to Societe Generale, this is not quite true. Societe Generale Thinks Gold Is Stronger Than BTC Whether these firms...

Bitcoin chopped downwards today towards $31K, looking to retest local lows made earlier in the week just around the $30K mark, according to Bitstamp. According to data from Bybt, over the past 12 hours the crypto markets saw liquidations of over $1.2 Billion in trader positions. As of writing these lines, BTC price is decreasing 15% over the past 24 hours, whereas major altcoins were hit even harder, with ETH down 21% to a current daily low of $1730, XRP down 24% to $0.65 –...

Illinois will soon become the 3rd state in the U.S. to pass legislation that would favor Bitcoin with a new digital asset charter, which will be granted to a special purpose trust company instead of a traditional bank. Announced by crypto-advocate and Wall Street Veteran Caitlin Long, Illinois will be the third state, followed by Nebraska and Wyoming, to embrace cryptocurrencies as part of their plans to explore emerging financial technologies. ILLINOIS abt to be 3rd US...

Bitcoin’s price has fallen once again following news from China. The Asian country says its regulatory authorities will begin cracking down on all mining and trading activities. China Seeks to Limit Trading and Mining The country has always had a rather up and down relationship with the world’s number one digital currency by market cap. At one point, there was more bitcoin activity occurring within China’s borders than any other region. China is also home to both Bitmain...

Mark Bristow, the CEO of the gold mining company Barrick Gold, criticized the cryptocurrency space following the latest substantial price crash. He asserted that no one can just print gold, which was not the case with digital assets, and questioned their store of value status Crypto No Better Store of Value Than Gold Founded in 1983, Barrick Gold Corporation is a large mining organization producing gold and copper with over a dozen operating sites in 13 countries. Speaking to...

Bitcoin is ending today (Sunday) a second bloody week, which could probably turn into the worst-ever week for the primary cryptocurrency if we measure it dollar-wise. On May 10, just 13 days ago, the price was trading at nearly $60K. This week’s low from Wednesday lies slightly above $30K, according to Bitstamp. A 50% decrease in 13 days, and 54% below the ATH level of around $65K  recorded on April 14. $16K weekly candle. BTC/USD weekly chart, Source: TradingView As...

Crypto exchanges FTX and BitMEX pledged to become carbon neutral. They will start the process with considerable donations to balance emissions. The Musk Effect Following the environmental debates which Elon Musk caused with his tweets earlier this week, two of the leading cryptocurrency exchanges announced they would become carbon neutral. The San Fransisco-based trading venue – FTX – revealed its commitment to implement the inovation. In a recent tweet, it reminded that...

Invité : Jimmy Chambrade, cofondateur de Leonod et de Bitcoin Lyon, comptoir physique d’achat/vente de bitcoin. Réalisation : Univers Bitcoin, « podcast crypto francophone où l’on parle des fondamentaux du bitcoin mais pas que… » A retrouver sur :– Itunes : podcasts.apple.com– Spotify : open.spotify.com– Deezer : deezer.com– Google Podcast : podcasts.google.com– Twitter : twitter.com/Univers_Bitcoin– Youtube : youtube.com...

Bears continue to take their toll on the cryptocurrency market as the prices are still bleeding out. The total market capitalization lost over $180 billion since yesterday’s peak. It’s worth pointing out, though, that throughout the past few days, Bitcoin’s dominance – the index that tracks BTC’s share relative to that of the entire market – is increasing and now sits at almost 46%. Bitcoin Price Slides Below $35K Yesterday, bitcoin’s price was on the verge of recovery. It...