Vietnam has finally joined the growing list of countries that have recognized and embraced the cryptocurrency boom around the world, including Canada, Australia and the United States. Vietnamese Prime Minister Phạm Minh Chính has asked the country’s central bank to start researching the central bank’s digital currency (CBDC). Unlike most central banks which use a […]
Activities of Ethereum addresses have soared past that of Bitcoin for the first time in cryptocurrency history! According to data collated from Santiment, the analytics firm, there was a clear spike that resulted in Ethereum network activity surpassing that of Bitcoin by more than 5%. Ethereum’s supporters had voiced their opinion that ETH may overtake […]
One of the largest cryptocurrency exchanges, Binance got banned from operating in the UK by the Financial Conduct Authority (FCA). The warning came on Saturday that Binance is not permitted to carry out regulated activities in the country, just after Japan dispensed a similar warning the previous day. Stating their prerequisite, the FCA emphasized that […]
El Salvador President, Nayib Bukele is offering $30 worth of Bitcoin to any El Salvador citizen who opens a digital wallet, in a bid to promote Bitcoin adoption. The country plans to create their Bitcoin wallet called Chivo where $30 will be deposited to any citizen who signs up with their phone number and ID […]
The crypto markets have had an interesting run-up over the past 6 months, with most people looking ahead for what’s yet to come. While many people are currently anxious about the drop in prices, others are already strategizing what to do next. Buy bitcoin? Invest in altcoins? Or start looking at the NFT markets instead? […]
Year 2021 won’t be forgotten among the crypto society for sure. In January the crypto market crossed the $1 trillion by market capitalization for the first time. A few months later, the market capitalization doubled and was above $2 trillion. At the same time, a lot of cryptocurrencies updated their all-time highs. For example, Bitcoin […]
The crypto markets have experienced a slight recovery since the start of the week, with Bitcoin and Ethereum leading the pack. Many experts in the space have cited the recent developments in the US, China and India regarding crypto regulation as a major driving force in the pullback. In the United States, President Joe Biden […]
Indian cryptocurrency investors represent a major percentage of the global crypto community and, thankfully, India’s financial watchdog has now clarified its regulatory stance on cryptocurrencies. On Monday, the Reserve Bank of India (RBI) released a statement clearing the air on its controversial April 2018 circular on the back of several Indian banks flagging cryptocurrency transactions. […]
Over 55,000 Bitcoin options contracts valued at about $2.1 billion expired on Friday, according to data from Skew Analytics. Based on the data, Deribit, the most popular Bitcoin options exchange had the largest quantity of contracts that expired, totalling 48,469 bitcoin contracts worth $1.95 billion. By definition, Bitcoin options are derivatives agreements that enable buyers […]
Bitcoin’s price rallied on Wednesday as it soared to $40,000, setting a new weekly high. The crypto market’s top dog increased to $40,800 at press time, making a significant recovery from its low of $31,000 on May 23rd. Although the price is still far from its ATH of $63,000 earlier this year, it has still […]