Tag Archives: Bitcoin News

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Bitcoin price started a fresh decline below the $17,000 zone against the US Dollar. The price is now trading below $17,000 and the 55 simple moving average (4-hours). There was a break below a connecting bullish trend line with support near $16,825 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $17,000 resistance zone. Bitcoin price is struggling below $17,000 against the US Dollar. BTC might...

El Salvador has lost so much for buying bitcoin that it’s now engaging in a new free-trade plan with China, something that’s causing many analysts to worry. They believe El Salvador’s sovereignty will eventually be up for sale, which could put the Central American nation into an even darker place. How Much Trouble Is El Salvador in? El Salvador has lost money due to its love for bitcoin. The country was the first in the world to declare bitcoin legal tender, doing so in...

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Former head of MicroStrategy Michael Saylor recently gave his thoughts and opinions on the digital currency scam surrounding FTX, the now fallen cryptocurrency exchange that was once labeled the ultimate golden player in the space. Michael Saylor on the FTX Collapse His conversation began with the statement that what was happening around FTX was “tragic.” It then transitioned into a discussion of FTT, the native token of the crypto exchange. He said: Since the supply was...

Nayib Bukele – the president of El Salvador – has issued a tweet saying he is going to be purchasing at least one bitcoin every day during the present market slump. Right now, BTC is trading in the $16K range, and the nation is looking to take advantage of the collapsing price. El Salvador Clearly Still Loves BTC The maneuver is stirring mixed reactions from analysts, some of whom claim it will ensure El Salvador’s digital dominance when the market repairs itself. They...

The government of Australia has hinted it’s going to be implementing cryptocurrency regulations in 2023. The announcement comes on the heels of the FTX collapse, which will likely go down as one of the biggest embarrassments of the crypto space. Australia Could Regulate Crypto Next Year Australian Treasurer Jim Chalmers has stated that regulators are eager to ensure crypto traders remain protected. Chalmers acknowledges that digital currency trading in Australia is...

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The California Attorney General’s office is launching a new website warning people of the risks that come with digital currencies. California Is Warning Traders About Crypto’s Dangers California says there are simply too many crypto scams out there that people have fallen for. Regulators in the Golden State suggest that between the Ponzi schemes, the romance scams, and all the other digital dangers out there, crypto has given way to a world of criminality that cannot be...