Tinkoff, a major private bank in Russia, is struggling to offer cryptocurrency trading to its clients due to the central bank’s tough stance on digital assets. Tinkoff CEO Oliver Hughes said that the digital bank is willing to offer crypto trading services but is restrained by the Bank of Russia’s policies, CNBC reports. The executive
Bitcoin (BTC) has rebounded by more than 25% after bottoming out at $30,000 during the May 19 crash. But the cryptocurrency continues to tread ahead under the possibility of facing another period of strong sell-offs owing to a classic technical indicator pattern. Bitcoin price in a ‘Bearish Pennant’ Dubbed as Bearish Pennant, the pattern forms
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s Central Bank Launches Digital Yuan Lottery The People’s Bank of China (PBoC) and Beijing Local
On June 4, a total of 15,530 Bitcoin (BTC) options are set to expire, which represents $575 million in open interest. At the moment, bulls are still heavily impacted by May’s 37% BTC price correction, and this has led most call (buy) options to be underwater. Despite the crash, Bitcoin’s active supply reached a five-month
Ethereum’s visionary co-founder Vitalik Buterin has commented on the obstacles on the roadmap to Eth2 at a conference in Hong Kong. Speaking partly in Mandarin at the Virtual Fintech Forum at this week’s StartmeupHK Festival 2021, Buterin said that technology wasn’t the major issue with the world’s largest smart contract network. He admitted that building
Former presidential candidate and congressman Ron Paul has renewed calls for Bitcoin to be legalized as money and not taxed. Paul is a staunch libertarian and author of the Bitcoiner favorite “End the Fed,” who has advocated for the legalization of Bitcoin and other cryptocurrencies in the past. The former congressman has also regularly taken
The cryptocurrency faithful got a reprieve from recent market struggles thanks to a rally in decentralized finance (DeFi) tokens and Dogecoin (DOGE) on June 2. A bit of a breakout in the price of Ether (ETH) and Bitcoin (BTC) may have also lifted sentiment, but at the moment, the top-ranked digital assets are still meeting
The infamous Internet meme “Pepe the Frog” will be immortalized in non-fungible token (NFT) collectible form by the frog’s original creator Matt Furie. Of course, Pepe has been featured in blockchain art before and a series of cards were created via Counterparty in 2016. However, despite the number of NFT rare Pepes on the web,
Bitcoin’s (BTC) active supply — coins that have moved in the past two years or earlier — dropped to a five-month low of 44.5% on June 2, according to data from Glassnode. This indicates that investors who had purchased Bitcoin more than two years ago are not keen to sell after the 40% drop. Even
Weary cryptocurrency traders awoke to the sight of green in the markets on May 2 as bulls managed to bid the price of Bitcoin (BTC) above the crucial ‘line in the sand’ resistance at $37,500, while Ether (ETH) briefly traded at $2,800. The rising price of both BTC and Ether has been accompanied by double-digit gains
In a surprise move today, online advertising behemoth Google has lifted a nearly three year old policy banning cryptocurrency exchanges from using its ad services. “Beginning August 3, advertisers offering Cryptocurrency Exchanges and Wallets targeting the United States may advertise those products and services when they meet the following requirements and are certified by Google,”
Dogecoin (DOGE) prices jumped by nearly 40% on a 24-hour adjusted timeframe on June 2, shaking out more than $16 million worth of bearish leverage in just one hour while almost reclaiming its pre-crash high. Leveraged bearish traders caught themselves on the wrong side of trade after Coinbase Pro, a U.S.-based crypto trading platform, announced
Bitcoin (BTC) hit $38,000 on June 2 as a long-awaited bout of volatility saw a critical bull level return. Trader has “strong belief” in upside incoming Data from Cointelegraph Markets Pro and TradingView showed BTC/USD finally beating resistance at $37,500 during Wednesday, going on to hit local highs of $38,090. Questions were even being asked as
On June 1, Major League Baseball (MLB) reporter David Adler announced the MLB organization established a long-term deal with the digital collectible company Candy Digital. The oldest American professional baseball organization is stepping into the non-fungible token (NFT) collectibles world and will start by launching a Lou Gehrig NFT. MLB’s First NFT Will Feature ‘The
Meme cryptocurrency Dogecoin (DOGE) gained more than 40% early on Tuesday morning, following its listing on Coinbase Pro and yet another flurry of tweets from self-appointed Doge spokesperson, Elon Musk. Coinbase announced the listing of Dogecoin on its pro trader platform, Coinbase Pro, on Monday, sparking a swift revival in the coin’s fortunes. The Doge
EmiSwap — a community-governed decentralized exchange (DEX) — has raised $104 million from a large number of investors, each of whom put down a maximum sum of $25,000 each. Backers of the exchange, which runs as a decentralized autonomous organization, include Carl Moon, Box Mining, Edna, TMM Holdings’ Jason D, Hodl.global, ExNetwork Fund, and Inclusion Crypto