Tag Archives: BTCGBP

The Indian people need and should have access to cryptocurrency assets, said the co-founder of Infosys – Nandan Nilekani. The billionaire, who is also an advisor to government agencies and the country’s central bank, recently spoke against the country’s intentions to impose a crypto ban.Crypto is an Asset ClassThe world’s second-most populated country, India, has dabbled with the idea of banning cryptocurrency activities for years. Even after the country’s Supreme Court lifted a decision made...

Bitcoin dropped by a sharp 3% today as the cryptocurrency falls to the current $55,000 level. It attempted to break above $60,000 over the weekend but it failed to close a daily candle above $58,355. As a result, BTC slipped from $58,300 yesterday and fell beneath the March ascending trend line to reach as low as $53,700. It rebounded by the end of the day to close the candle at $54,000.Earlier today, Bitcoin spiked further lower to reach as low as $52,930. Luckily, it found solid short-term...

Despite reaching a new yearly-high recently, the Bitcoin velocity metric is still far from the previous bull runs. It means that investors are mainly regarding BTC as a store of value instead of a medium of exchange and hinted that the ongoing bullish cycle is far from its top.Store of Value Status Says BTC’s VelocityAccording to the analytics company CryptoQuant, Bitcoin’s velocity is a “measurement of the rate at which BTC is circulating in the economy.” In other words, it shows if the...

After dismissing bitcoin’s chances of challenging the US dollar as a medium of exchange, the Federal Reserve Chairman, Jerome Powell, said that the cryptocurrency could be a substitute for gold.He also doubled-down on Fed’s previous stance on potentially launching its own central bank digital currency (CBDC) by saying that there’s no need to rush it or be first on the market.Bitcoin Substitutes Gold, Not USDDuring an online conference held by the Bank of International Settlements (BIS),...

The Taiwanese multinational hardware and electronics company, Acer, is purportedly the latest popular organization to fall victim to the notorious REvil ransomware attack. According to recent reports, the perpetrators have requested one of the largest demands so far of up to $100 million paid in the privacy cryptocurrency – Monero.Ransomware Attack on AcerHeadquartered in New Taipei City, Acer is among the world’s largest manufacturers of computer hardware and electronics with revenue of over...

Without disclosing any further details, MicroStrategy’s Michael Saylor said in a recent interview that his conversations with Tesla’s Elon Musk influenced the latter to buy $1.5 billion worth of bitcoin in January.Additionally, he also noted that BTC’s revolutionary technology had caught the world by surprise, which is why so many people outside the industry had issued accepting it.Saylor Influenced Musk to Buy BTC?News broke in February that the electric vehicle giant, Tesla, had used funds...

The Google searches for bitcoin skyrocketed to new highs in Turkey earlier today. The sudden increase comes amid a 15% daily price drop for the Turkish lira following the decision of President Tayyip Erdogan to remove the governor of the country’s central bank.Turkish Lira Plummets by 15% in a DayTurkish President Recep Tayyip Erdogan shocked the country during the weekend by firing without any explanation the nation’s central bank governor – Naci Agbal. Although Erdogan failed to provide a...

Bitcoin’s price dropped by 3% today, as the cryptocurrency falls to a daily low of $55.5K, which is the 0.382 Fib level. After the quick drop, BTC was able to bounce nicely.Just yesterday, Bitcoin had seen another failed attempt to break the $60k milestone, which brings it to a total of three failed attempts to break the level over the past 3 days.Despite the decrease, the primary cryptocurrency is still trading above a short-term ascending trend line that has been in play since the beginning...

Pakistani province plans to establish two hydroelectric-powered pilot mining farms, hoping to get further exposure to cryptocurrency adoption.Keeping up with the Global Crypto Bullish TrendsThe Pakistani province of Khyber Pakhtunkhwa is reportedly drafting plans to get into the cryptocurrency flow by building two hydroelectric-powered pilot mining farms. According to a recent news report, the region’s authorities have committed to capitalizing on the bullish trends of the global...

After a few days of flirting with the $60,000 line, BTC has failed at breaching the milestone and has dropped to $57,000. Most large-cap alternative coins are also well in the red, except Ripple (XRP), which has surged by 8% to over $0.51.Bitcoin Drops $3K after Failing at $60K: Whales In Charge?Following a somewhat sharp recovery after the latest steep decline to $53,200, and for the past few days, bitcoin remained relatively stagnant, just beneath the $60,000 price tag. The primary...