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Central Bank of China Bans Crypto Trading For Institutions and Businesses

May 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Three associates of the People’s Bank of China (PBOC), the Chinese central bank has issued a document prohibiting institutions and businesses from engaging in any form of virtual currency transactions. The latest set of regulatory paperwork ban payment service providers and financial institutions from offering any form of service involving cryptocurrency transactions. The three associate […]

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Galaxy Digital CEO Calls Market Correction A Result of ‘Tax Day’, Says Bull Run Will Continue

May 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Mike Novogratz, the CEO of crypto custody service provider Galaxy Digital appeared on CNBC to talk about recent market correction and suggested the price fall was nothing extraordinary, and when the markets get ahead of themselves, correction is a natural phenomenon. He even compared the recent correction to “tax day,” saying a lot of people […]

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Breaking: MicroStrategy Bought the Bitcoin Dip With Additional $10M BTC Purchase

May 18, 2021 , , , , , , , , , , , , , , , , , , , , , , Eddy 0

MicroStrategy, the software solution giant has bought the Bitcoin dip with an additional $10 million purchase of 229 Bitcoins. The most recent purchase comes within a week of their last Bitcoin purchase announcement. The Fortune 500 company bought the latest dip at $43,663 per Bitcoin. The company that pioneered the use of Bitcoin as a […]

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Bought the Dip? MicroStrategy Purchased $10M in Bitcoin at $43.6K

May 18, 2021 , , , , , , , , , , Eddy 0

Michael Saylor’s NASDAQ-listed company continues with its initiative to purchase sizeable amounts of bitcoins at frequent intervals. The firm said earlier today it had allocated another $10 million in cash in BTC, and its total stash is over 92,000 coins. The founder and CEO of the business intelligence giant announced the latest purchase on Twitter […]

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Despite BTC Losing $16K in Days, Crypto Community’s Bitcoin Positivity at 2021 Peak: Analysis

Despite BTC Losing $16K in Days, Crypto Community’s Bitcoin Positivity at 2021 Peak: Analysis

May 18, 2021 , , , , , , , , Eddy 0

The cryptocurrency community has shown the highest optimism levels towards bitcoin in the past few days after the asset lost over $16,000 of value. At the same time, the popular fear and greed index has gone into an “extreme fear” territory. Crypto Investors Optimistic on Bitcoin? Ever since the primary cryptocurrency reached its latest all-time […]

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BOA Report says Kimchi Premium Result of Capital Flow Control

May 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Kimchi premium, the Bitcoin price difference between the international market and the South Korean market rose to $4,000 yesterday after a red crypto day. A recent Bank of America report suggests that the Bitcoin price premium in the Korean market is a result of capital flow control put by the government. At present, the purchases […]

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Amid the Bitcoin Fiasco: Elon Musk No Longer the World’s Second-Richest Person

Amid the Bitcoin Fiasco: Elon Musk No Longer the World’s Second-Richest Person

May 18, 2021 , , , , , , , , , Eddy 0

Tesla’s CEO, Elon Musk, has lost his spot as the world’s second-richest person to the French billionaire investor – Bernard Arnault. Interestingly, this development came after Musk’s adverse comments on bitcoin and the continuous price drop for Tesla’s stocks. Musk Loses Second Spot in Terms of Wealth According to data from the Bloomberg Billionaires Index, […]

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Bitcoin Rebounded From $42K as Polygon (MATIC) Blasts $2: Market Watch

Bitcoin Rebounded From $42K as Polygon (MATIC) Blasts $2: Market Watch

May 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Following another substantial dip to a new three-month low, bitcoin has recovered some ground and stands above $45,000. Most alternative coins have also taken a breath of fresh air, and the crypto market cap has increased above $2.1 trillion. Bitcoin Stabilizing Around $45K? The past several days didn’t go well for the primary cryptocurrency. Following […]

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FTC Data: Elon Musk Impersonators Scam Crypto Investors for $2 Million

May 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Billionaire Elon Musk has been quite vocal and engaging with the Bitcoin (BTC) and the crypto community recently, and crypto scammers are now making the most of the moment while duping investors for millions of dollars. As per the data released by the Federal Trade Commission (FTC) on Monday, May 17, Musk impersonators stole nearly […]

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