Tag Archives: BTCGBP

Russia’s attempts to establish clear legislation on digital assets continue. During a recent meeting that was primary focused on the COVID-19 consequences on the country’s economy, Prime Minister Mikhail Mishustin made a few remarks on cryptocurrency regulations.Mishustin called them a “relatively new tool, the interest in which is constantly growing.” As such, he believes that the world’s largest country by landmass has to put into motion a plan to steer the market in a “civilized...

The anonymous identity of the creator of Bitcoin remains the most notable mystery within the cryptocurrency field, with numerous speculations on who (or how many) is Satoshi Nakamoto. The latest research on the matter asserted that Nakamoto lived and worked on BTC from London.The Researchers’ MethodologyAlthough the cryptocurrency community has seen a few claims (read mostly Craig Wright) insisting that they are Satoshi Nakamoto, the true identity of this mystery man (or men) is still a...

The cryptocurrency market experienced a massive nosedive today. $80 billion from the total capitalization were evaporated as Bitcoin plummeted below $17,000, while the altcoins had it even worse with notable double-digit price drops.The Red Sea Among The AltcoinsThe alternative coins enjoyed the past few weeks with some remarkable increases. This led to yearly records for many altcoins, including Ethereum reaching $620 and Ripple at nearly $0.90.However, the situation changed suddenly in the...

Bitcoin price has crashed hard today in the wake of OKEx announcing the reopening of withdrawals one day earlier than initially scheduled.Hundreds of Chinese crypto miners who had been previously unable to cash out their BTC block rewards into fiat due to the exchange’s abrupt closure and the CCP’s clampdown on local OTC services are now supposedly dumping their BTC in droves.With it being Thanksgiving day today, too, not only does the timing of the reopening put US traders at a significant...

Bitcoin lost nearly $3,000 in a few hours, resulting in a price below $17,000. From OKEx opening withdrawals, the US supposedly eyeing additional restrictive regulations and increased exchange inflows, here are a few reasons for which this might have happened.#1: OKEx Resumes Withdrawals: Chinese Traders Can Realize Mining ProfitsOKEx is one of the leading cryptocurrency exchanges in the Asian markets. As CryptoPotato reported earlier in October, the founder of the exchange was reportedly...

So you bought some Bitcoin this week? How about a big red candle to celebrate Thanksgiving?After showing the fastest growth of the year, Bitcoin finally corrected, losing over $1000 in about 3 hours.At 0:00 UTC, Bitcoin was trading at $18869 on Coinbase. The price represented a breath of fresh air for traders and Bitcoin enthusiasts who were expecting a new ATH but were surprised by a downward correction on the afternoon of November 25th.Bitcoin embarked on a sharp correction, losing around...

Founded in 1999, SBI Group is a financial services company based in Tokyo, Japan. Apart from offering numerous traditional financial services, the SoftBank Group subsidiary announced today a new cryptocurrency-related endeavor.SBI Group has introduced a digital asset lending service through its cryptocurrency arm – SBI VC Trade.The statement informed that the platform, dubbed VC Trade Lending, will initially support only Bitcoin. However, plans include adding support for Ether (ETH), Ripple...

Amidst the excitements of BTC hitting an all-time high, Bitcoin bull and ex-hedge fund manager Mike Novogratz said, in an interview with Yahoo Finance, that Bitcoin was designed for every investor. “Bitcoin is for everyone,” he said, adding that “Everyone should put 2% to 3% of their net worth in bitcoin and look at it in five years, and it’s going to be a whole lot more.”Novogratz is also a former partner at Goldman Sachs and a former manager of Fortress Investment Group. In 2012,...

PayPal users who use the service for high-frequency crypto trading should be cautious about having their accounts banned. One Redditor reportedly learned this lesson recently with the payment giant placing a 180-day hold on his purse that still has about $462.Apart from the likelihood of users facing account closures for trading crypto on PayPal, the situation also brings to light some deficiencies in the company’s customer service, which may present issues for cryptocurrency owners.PayPal is...

The narrative asserting that Bitcoin operates as a hedge and is an excellent alternative to gold has also been embraced by the host of CNBC’s Mad Money. In a recent tweet, Jim Cramer also provided his Bitcoin price prediction as he sees the asset topping $20,000 by the end of 2020.Cramer On BTC And GoldThe 65-year old Cramer is a former hedge fund manager and the current host of one of the most popular financial TV productions – CNBC’s Mad Money. Being on the air for over 15 years discussing...