Bitcoin (BTC)

Bitcoin saw some serious whipsaw-like action today, with the market witnessing its most serious correction in February. At the height of the crash, Bitcoin price plunged by 18%, to as low as $47,400 (Bitstamp) before sharply recovering.The cryptocurrency had spiked lower in a wild hourly candle, pushing the market briefly beneath the ascending price channel that it has been trading within throughout February.This comes just a day after it had reached the upper boundary of this price channel...

Janet Yellen, the recently-appointed Secretary of the US Treasury, doubled-down on her belief that BTC is frequently used in illicit transactions, while it fails as an efficient form of payment.Interestingly, her comments came as the price of the asset slumped by more than $11,000 in a day to below $48,000.Yellen On Crypto And BTC’s InefficiencyWhile speaking at the DealBook DC Policy Project, an event moderated by the New York Times, Yellen commented on the steep road the US has to face in...

Many analysts believe the risk coming in for Bitcoin raises a caution to investors.Bitcoin with an incredible run recently saw its market cap skyrocketing to whooping $1 trillion, a new record for the crypto market. Bitcoin’s market record gained the cryptocurrency even more popularity and attention in the community with investors pounding on it. Bitcoin over the weekend went on a great run hitting a new all-time high. Explicitly, the top cryptocurrency on Sunday surged past $58,000 to over...

The cryptocurrency market went through a correction today as the total capitalization saw about $90 billion wiped off in a matter of hours. This happened as Bitcoin lost around $5000 of its value while the majority of the altcoins followed through with sizeable losses on their own.The cryptocurrency market was due to a correction, according to many analysts, and it appears that one may have just taken place.Bitcoin lost around $5,000 of its value in a matter of hours, bringing the entire...

Ripple has registered its business in Wyoming under the name Ripple Markets WY LLC.Ripple, which has not posted much exciting news this year, has recently given the community good news by opening a new company in Wyoming. As per the Wyoming Secretary of State records, the blockchain-based payment company Ripple significantly planned the Wyoming business’s opening as part of their strategy to spread their wings across local communities.Looking at the Wyoming Secretary of State records, the new...

North America’s first Bitcoin exchange-traded fund (ETF) has seen impressive results on its first two days of trading, following its recent approval by Canada’s securities regulatory body.Purpose Bitcoin ETF started on a flying note shortly after it began trading on Thursday (Feb. 18, 2021) under the ticker symbol “BTCC” on the Toronto Stock Exchange (TSX).Following its TSX debut, the fund has already accumulated $421 million in assets within the first two days of trading.According to...

Dans le cadre de son master, Malika Rachidi réalise une enquête sur les freins à l’adoption des cryptomonnaies. Les résultats de ce travail seront publiés sur bitcoin.fr. « Cette enquête est anonyme et prend un peu moins de 10 minutes. Par précaution, veuillez prévoir ces 10 minutes de temps afin que vos réponses soient réfléchies et correspondent précisément à votre perspective. Il en va de la...

Crypto tax regimes have generally drawn criticism from South Korean crypto enthusiasts who believe the imposed taxes are heavier on cryptocurrency trading when compared with stock investment.Authorities in South Korea are set to implement a 20% crypto tax on all profits made through crypto transactions from January 1, 2022. This is according to a report by the Korean Herald that stated that the country’s Ministry of Economy and Finance announced that crypto transactions would, henceforth, be...

JPMorgan strategists have supported the narrative that Bitcoin is in a liquidity crisis. However, instead of highlighting it as a potential catalyst for further price increases, they warned that the asset could experience a sharp price drop just as quickly. The primary cryptocurrency reached yet another record during the weekend with a new all-time high of $58,400 (on Bitstamp). However, the price corrected somewhat sharply, and BTC lost over $4,000 of value in a matter of hours and dipped to...

« Tandis que Christine Lagarde, la présidente de la BCE, et Janet Yellen, ex-présidente de la Fed et actuelle secrétaire au Trésor américain, s’inquiètent de l’utilisation des cryptomonnaies pour le financement d’activités criminelles, le gouverneur de la banque de France, François Villeroy de Galhau, ironise sur la frénésie qui s’est emparée des acheteurs. « Les arbres ne montent jamais au ciel », fait-il valoir dans une interview...