Category: BTCTUSD

Moody’s downgrades El Salvador’s long-term foreign currency issuer rating, and it has a Bitcoin connection

Moody’s, a popular financial credit rating business has downgraded El Salvador’s long-term foreign-currency issuer and senior unsecured ratings to Caa1 from B3. The rating group also lowered El Salvador’s foreign-currency country ceiling to B2 from B1. It said the current outlook remains negative towards the small Central American nation. Moody’s cited two key reasons for […]

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Central Bank of China to Continue Crypto Crackdown in the Second Half of 2021

The People’s Bank of China has come to decisions about the ongoing crypto crackdown in the nation during the second half of 2021. In a conference yesterday, a consensus was reached to “maintain” high pressure on digital currency trading in China, by encouraging and enabling trade and exchange platforms to adhere to regulatory requirements and […]

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Bitcoin (BTC) Closes 10 Daily-Green Candles in a Row After 4 Years, Price Soars to $42K

Bitcoin’s (BTC) price soared above $42K earlier today for the first time in a month as the top cryptocurrency looks to move out of a two-month-long bearish phase. The price rise saw BTC record a new monthly high of $42,235 before retracing below $42K. The next resistance lies at $45K and if BTC manages to […]

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MicroStrategy’s Michael Saylor Defends the Massive $2.2 Billion Bitcoin (BTC) Debt

On Thursday, July 29, business intelligence firm MicroStrategy revealed its second quarter results for 2021 declaring over $600 million with impairment losses with its bitcoin holdings. But company CEO and Bitcoin evangelist Michael Saylor continues to remain ultra-bullish on the future of Bitcoin. Saylor noted that buying Bitcoin right now is similar to buying Bitcoin […]

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Bitcoin (BTC) Shoots $42,000 As $45 Billion Asset Manager GoldenTree Starts Buying

Institutional inflows in Bitcoin (BTC) continue to grow at a faster rate. Just two days after banking giant State Street announced its crypto services, another $40+ billion asset manager GoldenTree has announced its investment in the world’s largest cryptocurrency. As a result, the Bitcoin (BTC) price is up 5% today shooting all the way to […]

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Just-in: Binance.US CEO reveals the exchange has no immediate IPO plans

Binance.US CEO, Brian Brooks revealed in a recent interview, that the exchange has no plans of opting for a public listing anytime soon. Instead, he emphasized Binance.US is in process of closing a private funding round with “impressive” investor portfolios. Brooks brought up the discussion about the first venture financing round while differentiating Binance.US from […]

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MicroStrategy reveals nearly $690 million in impairment losses on BTC holdings

The Business intelligence organization, MicroStrategy has shared its second-quarter financial results for 2021 that revealed impairment losses of $689.6 million from its Bitcoin holdings. The Fortune 500 company holds $2.051 billion worth of BTC bought at an average price of $19,159 per bitcoin till June 30, 2021. The losses are mainly because the price at […]

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US Crypto Traders are Bypassing Foreign Exchange Ban to Trade Derivatives: Research

US regulators have banned foreign crypto exchanges to offer their service to US customers without getting regulatory clearance. However, the ban on foreign exchanges has done little to nothing in terms of US traders accessing these foreign crypto exchanges. A recent research report from Inca Digital has shown thousands of US crypto traders bypass the […]

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Binance announces closure of all Futures and Derivative services across Europe

Binance announced it would shut down all Futures and Derivatives operations throughout Europe. Additionally, Binance exchange users in the Netherlands, Germany, and Italy can no longer open new futures trading accounts, effective immediately. The crypto exchange has stated that the users will have 90 days, starting from the day of the announcement to withdraw their […]

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Breaking: Malaysian SC Orders Enforcement Action Against Binance For Illegal Operations

The Securities Commission Malaysia (SC) ordered enforcement actions against Binance for illegally operating a Digital Asset Exchange (DAX) without obtaining the necessary approval from the SC. A public reprimand was also issued against the exchange for carrying out operations despite being put on the SC’s ‘Investor alert list’ in July 2020. The regulatory head of […]

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