Tag Archives: BTCGBP

New Zealand’s financial regulator has warned investors of the dangers of investing in Bitcoin. The comments were aimed at the recent fluctuations in the price of the major cryptocurrencies, which have shown quite the amplitude.Negativity, Led By The Recent Ups and Downs of BTC PriceNew Zealand’s Financial Markets Authority (FMA) has issued a candid warning for investors from the country, considering their take on cryptocurrency and mainly Bitcoin. A recent news report by the Herald quoted the...

Christine Lagarde, the President of the European Central Bank (ECB), believes that bitcoin requires a unified global regulation framework to work properly.Interestingly, Canadian businessman and Shark Tank star Kevin O’Leary also noted that the cryptocurrency could become “something of tremendous value” if world regulators back it up.ECB President On BTC RegulationsThe 65-year-old French politician and current President of the ECB has been calling on clear regulation for bitcoin for a while....

The topic of working COVID-19 vaccines has been widely discussed ever since the virus started spreading globally last year. Although a few have already been approved, their distribution faces difficulties and delays. This has prompted fraudsters to take advantage by promoting vaccines on the dark web and requesting up to $1,000 per dose paid via bitcoin.COVID-19 Vaccines On The Dark Web For BTCVaccines usually require years of research and testing before reaching people. However, the rapid...

The largest US-based cryptocurrency exchange Coinbase has issued a formal apology for users in the UK and the EU region. The company acknowledged that its services have been unstable because of the high number of new registrations and the latest regulatory requirements.More Users Led To Problems On CoinbaseCoinbase users located in the UK or the EU might have noticed that the services on the popular US exchange didn’t operate properly in the past two months. The platform displayed “partially...

Investing in cryptocurrencies carries risks of its own. Apart from the highly volatile price, investors who store their funds on external wallets (and not exchanges) need to save and protect the information that will enable them to access the assets.In case someone loses their private keys (essentially a password for the wallet), this could spell disaster. Such could be the case with Stefan Thomas and his bitcoins worth more than $240 million.7,002 Bitcoins Could Be Forever LostThe NY Times...

Less than a year after acquiring a substantial portion in the Hong Kong-based crypto-focused firm BC Technology Group, Fidelity International has upped its stake. The investment subsidiary of the Boston-based mutual fund giant has allocated nearly $7 million more for a total stake of 6.29%.Fidelity Doubles-Down On Investing In A Crypto FirmBloomberg reported in February last year that Fidelity International had acquired a $14.2 million stake in BC Technology Group Ltd. – the operator of one...

Jeffrey Gundlach, the CEO of DoubleLine Capital and so-called “Bond King,” warned that the primary cryptocurrency could be in a massive bubble. He based his view on BTC’s recent performance that included a parabolic increase and a large crash just yesterday.The Bond King Sees BTC As A BubbleIt’s safe to say that bitcoin initiated a significant bull run in early October when it dabbled with the $10,000 price tag. In the following months, BTC more than quadrupled its value to an all-time high...

Bitcoin dropped by almost $11,000 over the past 48 hours as it fell by 25% to reach yesterday’s low at $30,300. After the huge drop, which can also be seen as another Black Monday, the bulls found support at a rising trend line that extends back to the December lows.Since this support was reached at the closing time for yesterday’s candle, Bitcoin had already recovered over 15% from its low, allowing it to close Monday at $35,455.Today, BTC tried to push higher but faced strong resistance...

The cryptocurrency trading volumes on PayPal have skyrocketed to a new all-time high yesterday, shattering the previous record. Having also in mind the growing Google searches for bitcoin, Ethereum, and other digital assets, the question remains if retail investors have finally arrived.PayPal Crypto Trading Volume ATHEver since the world’s largest online payment processor announced last year that it will enable cryptocurrency trading on its platform, the community wondered how long it will...

After the severe crash that drove BTC to about $30,000, the cryptocurrency has recovered some losses and reclaimed $36,000. Most alternative coins have also bounced off yesterday’s lows as the market cap looks to reconquer the $1 trillion level.Bitcoin Back Above $36KFollowing the highly positive first ten days of the new year, BTC headed for its worst 24-hour correction since the mid-March 2020 liquidity crisis.The primary cryptocurrency sat near its all-time high of $42,000 before the bears...