Tag Archives: BTCGBP

The Wyoming Banking Board has voted to approve an application for a special purpose depository institution (SPDI) charter of Kraken.In essence, Kraken has officially become the very first cryptocurrency exchange to become a newly chartered bank in the US since 2006, according to a NASDAQ report.This means that the exchange will get access to the existing federal payments infrastructure.It will also allow Kraken to further integrate funding and banking options to its clients, said the managing...

Another day, another bad news for the people of Venezuela. Paxful has decided to stop supporting the country, giving users 30 days to withdraw their funds and preventing any new sign-ins.Throughout the day, users of the platform received an email, in which Paxful warned it had to “close its operations” in Venezuela after months of hard work:“Although we made our best efforts during several months, we are sad to announce that, in view of the concern for the regulatory scenario, Paxful will...

The Nigeria Securities and Exchange Commission (SEC) has released a proposed cryptocurrency regulation guideline while classifying crypto assets as securities.Crypto Regulations UnderwayAccording to an official release on Monday (September 14, 2020), the Nigeria SEC announced that the commission is looking at a three-pronged approach towards regulating the crypto industry. The SEC also stated that the aim of the proposed regulation was to promote market efficiency and transparency and not...

Bitcoin’s price has finally broken above the $10,580 range high and is now surging towards the psychological $11,000 mark.The increase appears to have been caused by an influx of $12 billion flooding into the crypto market during the US trading session. This uptick in investment has helped lift the entire market back into the green and drive BTC prices above the 4-hour 50 and 200 EMA lines.While this seems pretty positive right now, we could see a temporary correction soon if BTC breaks into...

Analyzing Bitcoin on-chain data and market behaviors, a collaborative report published by OKEx insight – the research division of OKEx crypto exchange – and blockchain data firm Catallact reveals that smart money investors and institutional players may have been buying BTC since the COVID-19 outbreak.On the Bitcoin blockchain, as the amount of BTC being transacted increases, the number of transactions decreases. In other words, “the larger the movement of coins on the Bitcoin blockchain, the...

One of the world’s leading and popular Bitcoin derivatives exchanges, BitMEX, has installed Blockstream’s Bitcoin satellite system.It’s a way to download and to verify Bitcoin’s blockchain through a satellite without having to be connected to the Internet. Apart from the fact that one of the leading exchanges is showing open support for Bitcoin, this also showcases exciting features of the world’s largest cryptocurrency and its underlying network.Bitcoin From Space: BitMEX Runs a Full Bitcoin...

After the gains registered during the weekend, most cryptocurrencies are retracing today. Bitcoin declined from its weekly top of $10,560 to $10,350, while Ethereum lost 4.5% of its value to $370.Bitcoin Rejected At $10,560During the weekend, Bitcoin broke above the resistance at $10,500. BTC topped at $10,560 yesterday, but it couldn’t maintain its position above that level and quickly fell.As such, the primary cryptocurrency bottomed at $10,220 just a few hours later. It has recovered some...

Bitcoiners in Hong-Kong have come up with a new way to spread awareness of Bitcoin on a large scale.Starting September 11, three double-decker trams decorated in Bitcoin messaging are running concurrently through the streets of Hong-Kong, bearing facts and slogans aimed at educating people about BTC.Earlier in August, the well-known digital currency hedge fund Grayscale also did a massive educational campaign on Bitcoin in the US.Bitcoin Trams in Hong-KongThe educational campaign, launched by...

As of writing these lines, Bitcoin’s price has fallen back down to the $10,300 level in the last few hours, after bears overpowered a second breakout attempt from the current range.Looking at the candles more closely over the 1-hour time frame, it seems like this latest move was orchestrated by whale traders to trick smaller traders into thinking BTC was finally breaking out of its range (above $10,500) before dumping on them.Prices surged over $120 in a few minutes, followed by a period of...

The majority of voters in a recent poll have indicated that they had entered the cryptocurrency space more than three years ago. In contrast, 9.4% said that they had come around in the past three months during the DeFi boom.43% Crypto VeteransAlthough the cryptocurrency community emerged relatively recently with Bitcoin’s creation in 2009, it’s a continuously growing field that attracts new participants with its unique features. A recent poll aimed to shed some light on when the voters had...