Tag Archives: BTCGBP

The co-founder of Andreessen Horowitz – Marc Andreessen – highlighted cryptocurrencies and blockchain technology as a financial revolution. He also praised bitcoin, saying it is not only a digital asset but a network providing numerous options to investors. Cryptocurrencies Can Build Trusty Relationships During an interview for Bloomberg, the American entrepreneur Marc Andreessen revealed his reasons what makes digital assets an enduring investment option. He stated that one...

The cryptocurrency platform Bitbns intends to open a systematic investment plan (SIP) in digital assets for Indian athletes who win medals at the ongoing Tokyo Olympics. The exchange will reportedly grant around $2,700 in crypto for gold medal winners. ‘Faster, Higher, Stronger’ And Earn Crypto The Economic Times reported that Indian athletes at the Olympic Games could receive cryptocurrencies as a gift if they manage to win a medal at the tournament in Tokyo. The trading...

BTC’s impressive rally from $29.3k to $42.6k has significantly improved the technicals and especially the momentum for the largest cryptocurrency. Since finding a local top at $42.6k as we reported, the 4-hour and daily conditions for BTC became extremely overbought and overextended, with an increased risk of a near-term correction. When looking at market structure, it appears BTC has exited Phase C in the Wyckoff Accumulation schematic and is now in the early parts of Phase...

Bakkt Holdings recently announced a partnership with Quiznos to launch the pilot for their new Bitcoin payment system. This will allow Bakkt users to purchase food at some Quiznos locations in Denver using the digital asset. Quiznos: Buy a Sandwich With Bitcoin Bakkt users will be able to utilize the pilot in certain Quiznos stores across Denver starting this month. This includes the high-traffic Denver airport location. Chief Revenue Officer at Bakkt, Sheela Zemlin, expanded...

A Russian court ordered Sberbank to restore access for a customer involved in Bitcoin trading. The authorities added that the largest bank in Russia should not have blocked the account as the client had provided all the necessary information about his cryptocurrency operations. Sberbank Had No Right to Ban The Account The Sverdlovsk Regional Court in Yekaterinburg ordered Sberbank, also referred to as Sber, to unblock account services to a client who has been dealing with...

The BTC fund flow towards exchanges has been gradually declining in recent weeks, while the number of tokens transferred has registered a sudden spike, revealed on-chain data. As such, CryptoQuant’s CEO indicated that larger players have become active again with numerous OTC deals. BTC OTC Deals On The Rise Apart from digital assets changing hands on cryptocurrency exchanges, over-the-counter (OTC) financial markets enable investors, typically such using more substantial...

Square, the financial service company run by the BTC bull Jack Dorsey, has nearly doubled its gross profit in the second quarter of 2021 compared to the same part of last year. Interestingly, a substantial part of that increase came from the company’s Bitcoin-related services, which have blossomed since the start of 2021. Square’s Gross Profit Skyrockets The firm, based in San Francisco, announced the impressive numbers in its Q2 2021 report sent to investors recently....

After the false breakdown below $30k and the subsequent recovery, BTC continued higher, closing the week up 12.45%. Overall, price action has been bullish, as the cryptocurrency pushed above the 50-day MA and hit an intra-week high above the top of the trading range at $42.6k. Chart by TradingViewIt’s important to note that BTC has printed 10 consecutive green daily candles, is extremely overbought and overextended on the 4-hour and daily chart. With near-term overbought...

Though the Justice Department declined to comment for the article, Bloomberg was able to report last week that the DOJ is investigating U.S. banks and the backers of popular stablecoin USDT. There is some ongoing speculation about how this might affect bitcoin’s price. What’s Supposedly Going on With Tether and the DOJ? The Justice Department is reportedly seeking to determine the extent of U.S. banks’ knowledge of Tether Limited’s business and the prolific use of its...

Everyone who’s even remotely interested in investing and trading is definitely aware of the GameStop saga. It was an event that shook the financial community to an extent that we hadn’t seen before. It all started on a subreddit called WallStreetBets, which went on to become one of the most popular subreddits out there, harboring over 10 million users. CryptoPotato had the pleasure of talking to its Founder – Jaime Rogozinski. In this interview, we talk about WSB’s past,...