Markets

Although the Reserve Bank of India recently issued a new circular clarifying that digital assets are not outlawed in the country, the entity still believes they carry significant risks. As such, the RBI has taken its concerns to the government, asserted the bank’s governor – Shaktikanta Das. The world’s second-most populated nation has always had a complicated relationship with the cryptocurrency space. An RBI directive from 2018, which most people considered as an all-out...

Bitcoin whales seem not to care about Elon Musk’s comments on bitcoin anymore as they have continued accumulating significant portions of the asset. Such wallets have expanded their BTC holdings by roughly $2 billion since the market started dumping. Bitcoin Whales Keep Purchasing Bitcoin whales are typically described as wallets containing between 100 to 10,000 bitcoins. According to data from the analytics company Santiment, such addresses have been unfazed by the latest...

Bitcoin cash price is facing a strong resistance near the $720 level against the US Dollar. The price is now trading just below $700 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $730 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could extend its decline below $650 if it remains below the $750 resistance zone. Bitcoin cash price is struggling to recover above $700 against the US...

The antivirus company NortonLifeLock announced a new feature on its platform, named Norton Crypto. Its mission will be to enable customers to mine Ethereum in a safe and accessible way. Mining ETH In a recent announcement, the cybersecurity firm notified its nearly 13 million customers about a new service on its platform. Called Norton Crypto, it will provide a “safe and easy way” for consumers to mine one of the largest digital assets by market capitalization – ether (ETH)....

Decentralized service protocol, Automata Network, will be launched on Binance Launchpool and also managed to raise $2.4 million from investors in a just-concluded funding round. According to a press release shared with CryptoPotato, the fresh capital is of $1 million raised during a seed round conducted in March.  Binance to Lists Automata (ATA) on June 7 Automata’s debut on Binance Launchool will allow users to easily earn the project’s native token, ATA, via staking....

Bitcoin could be heading towards a significant price boost, at least according to several on-chain features. Miners have ceased disposing of their coins, and so have long-term hodlers. At the same time, the Stablecoin Supply Ratio has dropped substantially lately. Miners and Long-Term Holders Refuse to Sell Apart from being the backbone of the Bitcoin network, miners also have a notable role when it comes down to the price of the underlying asset. As previously reported by...

NFT is important for brands because it can take the form of artistic digital files such as images, audio and video, while providing the highest degree of copyright protection.NFT (non-fungible tokens) have spread beyond the world of cryptocurrencies and have managed to become very popular in the sphere of digital art. With the help of non-fungible tokens, each being a unique digital identificator, it is possible to visualize any item in the real world. This sphere has great potential for...

The founder of Cryptology Christian Angermayer explained that their main vision is to embellish among the leading investors in digital assets globally.Choosing among the leading funds for businesses related to cryptocurrency and blockchain, Cryptology Asset Group is going to invest $100 million in the coming 24 months. There are only some investment companies that have been listed on the stock market focusing on blockchain and cryptocurrency businesses, and Cryptology is among them. They also...

The stimulus bill signed by the US government pushed Miami’s pro bitcoin mayor to purchase portions of the two largest cryptocurrencies by market cap. In a recent interview, Francis Suarez also touched upon the role that Elon Musk plays in the market and said that BTC could serve as a valid hedge only after it stops going up and down by double-digits after interactions by Tesla’s CEO. Miami Mayor Owns BTC and ETH Ever since the start of the year, Francis Suarez, the current...

Following the latest news, Tesla (TSLA) stock closed Wednesday with a 3% fall. The dip continued during Thursday’s pre-market.Tesla Inc (NASDAQ: TSLA) has recalled a total of 734 of its Model 3 cars imported to China according to a recall plan cited by the State Administration for Market Regulation (SAMR) on Thursday. A market regulator from the central government said that the cars, produced in 2019, were recalled due to defects in their seat belts and tires.Multiple complaints of brake...