Tag: Bitcoin

DBS Bank Takes the Lead in Expanding Crypto Services to Hong Kong as it Stakes its Claim as a Hub for Digital Assets.

DBS Bank to Provide Digital Asset Services to Hong Kong Customers As Hong Kong aims to establish itself as a hub for digital assets, DBS Bank Group, a state-owned megabank in Singapore, plans to extend its cryptocurrency services to the Chinese colony. The bank is in the process of applying for a license in Hong […]

14/02/2023
Experts Forecast: Bitcoin Faces Major Challenges in Q1 2023 Amid Fed’s Inflation Taming Agenda

McGlone Predicts Bitcoin Headwinds in Q1 2023 Brian McGlone, a famous analyst, has taken to Twitter to warn his 54,500 followers of the significant challenges that Bitcoin will face in the first quarter of 2023. Brian McGlone’s warning is brought to you by CoinUnited News. The biggest issues that Bitcoin is facing, according to McGlone, […]

14/02/2023
The price of Bitcoin [BTC] could touch $42,000 this year, but only if…

Coin distribution currently outpaces coin accumulation. Oinonen t asserts that analysis of BTC’s exchange stablecoins ratio (ESR) and exchange reserves, two on-chain indicators, verified the likelihood of additional price growth. The expert pointed out that the fact that BTC’s ESR is diverging from the current price and has crossed a technical inflection point is encouraging. […]

14/02/2023
Bitcoin’s Love-Hate Relationship with Investors on Valentine’s Day

Valentine’s Day and Bitcoin’s Current Situation Valentine’s Day is quickly approaching, and the bitcoin market is sending conflicting messages. In particular, Bitcoin is presently trading around $21,600 and has barely changed in the past day. However, the top cryptocurrency has suffered a 6% decline during the past week. Consumer Price Index: An Important Metric for […]

14/02/2023
SEC’s Regulatory Move: How the Crypto Space is Adapting and Thriving

What Does SEC’s Action Against Kraken Mean for Bitcoin and Ethereum, though? Bitcoin continues to stay firm over $21,000 despite the Securities and Exchanges Commission’s (SEC) recent decision to stop staking at Kraken, a well-regulated US-based cryptocurrency exchange. The SEC’s move caused Ethereum’s ratio to drop slightly from 0.072 to 0.068 BTC, but it doesn’t […]

14/02/2023
As staking concern increases, Bitcoin slows its decline and surpasses Ethereum.

To catch you up, last Thursday saw a 5% decline in the BTC/USDT trading pair as a result of yet another regulatory crackdown, this time on the practice of staking. Despite the fact that the Securities and Exchange Commission (SEClatest )’s goal has no direct effect for bitcoin, confidence in the cryptocurrency markets deteriorated nonetheless, […]

13/02/2023
Bitcoin Alert: Renowned Crypto Strategist Issues Bearish Warning!

A Reputable Crypto Strategist Warns Bitcoin Owners A well-known and respected cryptocurrency specialist has issued a warning to Bitcoin investors. The expert thinks that a bearish reversal pattern may be underway for BTC. Emergence of a Bearish Reversal Pattern The expert believes that before witnessing a lower high structure, Bitcoin’s price will just briefly fluctuate […]

13/02/2023
What Effect Do Ordinals Have on the Bitcoin Network? – NFTs (Research)

NFTs have arrived in the Bitcoin ecosystem and are already causing havoc on the network. The adoption of Ordinals, the NFT-enabling protocol that has been the topic of a contentious discussion in the Bitcoin community over the last week, was covered on the BitMEX blog on Wednesday. Norms: The Information According to BitMEX data, on […]

13/02/2023
IMF Praises El Salvador’s Economic Recovery Despite Concerns Over Bitcoin Adoption

IMF Highlights El Salvador’s Need for Greater Transparency Following a recent visit, the International Monetary Fund (IMF) stressed the value of openness and care in El Salvador. In the month prior to the IMF’s “article IV” inspection, which took place between January 30 and February 8th, the nation paid $600 million in bonds. IMF’s Position […]

13/02/2023
Bitcoin: If this stipulation is not satisfied, price rise cannot be anticipated.

Its price must decouple in order to increase. Although the price of Bitcoin [BTC] has increased by 32% year-to-date (YTD), two experts from CryptoQuant discovered that the king coin’s capacity to separate from conventional financial markets is mostly responsible for its price rise going forward in the face of current macroeconomic difficulties. The 200-day moving […]

13/02/2023