Tag Archives: BTCEUR

Cryptocurrency adoption comes in different forms these days, but it seems that countries and cities are becoming more open to the idea of allowing certain payments to be made using such assets. Brazil’s second-largest city said it wants to become the first within the nation’s borders to accept BTC payments for taxes. The report from Bloomberg Linea outlined the announcement from the city of Rio De Janeiro indicating that residents will be able to pay IPTU (Imposto Sobre a...

Bitcoin kept climbing yesterday and registered a new three-week high at just over $45,000. On a daily scale, though, most alternative coins have lost some traction, but the crypto market cap has reclaimed the coveted $2 trillion mark. Bitcoin Touched $45K Bitcoin’s price trajectory in the past several days has been predominately upward. The asset scared the bulls on Monday that it could dip below $40,000 for the first time in a week, but they regained control over the market...

The largest Canadian Bitcoin ETF is hitting back-to-back all-time highs with respect to its BTC holdings as inflows intensified. Purpose Bitcoin ETF Sees Huge Infusion Of Capital Citing data from the blockchain intelligence platform, Glassnode, market analyst Jan Wüstenfeld revealed that Purpose Bitcoin ETF currently holds more than 36k BTC, meaning a 23% increase in holdings YTD. The exchange-traded fund concluded with an AUM of 34.07k BTC last week, adding more than 2k BTC...

It’s been an interesting week in the cryptocurrency space, and finally, we saw some green. The market recovered the coveted $2 trillion total capitalization mark as the majority of the cryptocurrencies charted considerable gains. All in all, the total market cap is up by some $200 billion in the past seven days. Bitcoin surged by 8.4% over the same period and tested the important technical resistance at $45,000. This is the third time the cryptocurrency is coming against this...

The entire cryptocurrency community is buzzing on Do Kwon’s latest tweets, and Terra’s recent bitcoin buys. Are they the reason for the most recent rally? Let’s dig in. Terra Buying Bitcoin Do Kwon, Co-Founder, and CEO at Terraform Labs, the company building the Terra protocol and ecosystem – put the cryptocurrency community on fire a few days ago with a single tweet. UST with $10B+ in BTC reserves will open a new monetary era of the Bitcoin Standard. P2P electronic cash that...

The Stock-to-Flow (S2F) model has become a popular one within the cryptocurrency industry and is commonly used to speculate on Bitcoin’s possible future price. In this guide, we’ll explain in detail what S2F is, who created it, how it applies to different types of assets, and its pros and cons. Quick Navigation What is the Stock-to-Flow Model (S2F)? The S2F is a model that predicts an asset’s possible future price by quantifying its scarcity. This was originally applied to...

The Advertising Standard Authority (ASA) intensified its negative stance against crypto-related companies. It warned such entities not to encourage individuals to purchase digital assets with credit cards or swap their pensions for coins like bitcoin. The ASA’s Latest Warning The British authorities and financial regulators are known for their harsh stance against the cryptocurrency sector. Bank of England’s Governor Andrew Bailey, for example, argued that digital assets...

Bitcoin is resuming its flat price action, consolidating inside a huge bearish flag. Currently, the price is struggling with the $42K level. In case of a breakout and a higher high above $42K – Bitcoin will likely head towards $46K. The $46K – $48K area is significant from both the classical price action and supply and demand perspectives, as it forms the top trendline of the bearish flag pattern, along with a critical supply zone. The Daily Chart Technical Analysis by Edris...

Sophie Gilder – Head of Blockchain and Digital Assets at Commonwealth Bank of Australia (CBA) – revealed that the financial institution could start offering more cryptocurrency services to clients. She further disclosed that the organization seeks to double the size of its blockchain team in the months to come. ‘Crypto is Here to Stay’ Australia has been gradually expanding its presence in the cryptocurrency universe in recent months. At the end of 2021, the nation’s biggest...

Following the launch of Russia’s “special military operation” against Ukraine, which turned out to be an all-out war, NATO, the EU, and other countries decided to take a different approach and impose sanctions against Russia’s leaders and its economy instead of getting directly involved in the conflict. But it wasn’t just governments that went in that direction, as many companies did the same by halting services to Russian-based customers. They received some perhaps...