Tag Archives: Bitcoin News

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Bitcoin price started a fresh increase from the $16,650 zone against the US Dollar. The price is now trading above $17,000 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $17,050 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to move up if it stays above the $17,000 resistance zone. Bitcoin price is rising above $17,000 against the US Dollar. BTC might extend gains if...

The price of bitcoin has taken several hard hits over the past 14 months, but according to legendary investor Mark Mobius, he thinks things are going to get a lot worse before they get better. In fact, he sees the world’s number one digital currency by market cap falling to a new low of $10K before it begins its rebound. Mark Mobius Isn’t Crazy About Bitcoin Mobius has never been a bitcoin fan. At times, he’s referred to it in rather derogatory ways, even calling it a...

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Didi Taihuttu and his family – often dubbed the “bitcoin family” due to their devotion to the world’s number one digital currency – are still confident in bitcoin and aren’t letting last year’s price flops and the collapse of FTX get to them. However, things have changed enough that they’re moving their bitcoin over and finding new ways of securing it. Didi Taihuttu Feels Strongly About Defi Many years ago, Taihuttu, his wife, and their three daughters sold everything...

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The European Central Bank has issued a statement claiming that bitcoin is on its way out and closely approaching “irrelevance.” The European Central Bank Is not a Bitcoin Fan The financial institution released a blog entitled “Bitcoin’s Last Stand” that details the fall of the world’s number one digital currency. Interestingly, the bank does not refer to FTX and its November collapse as the reason as to why bitcoin is doing so poorly. Rather, it hints that bitcoin was on...

When it comes to risky assets like crypto, Singapore banks are no longer required to hold 1:1 in collateral, but rather 1.25:1. What this means is that for every $1 in cryptocurrency, a financial institution needs to hold $1.25 in regular cash. This is designed to ensure there are enough reserves in place to cover losses or other problems should the crypto industry decide to crash and burn all over again. Singapore Is Trying to Stop Future Crypto Problems 2022 was one of...

Republican Senator of Wyoming Cynthia Lummis says what happened with FTX is exactly why Congress needs to begin paying attention to cryptocurrency. She cited the bipartisan bill she established in early 2022 with New York congresswoman Kirsten Gillibrand (a democrat from New York) and said U.S. regulators need to give the bill their full attention so that what happened with the exchange can never happen again. Cynthia Lummis on the Future of Crypto in Congress Lummis is...

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