After an unsuccessful wedge breakout, the price of Bitcoin have plummeted after it crossed the $40k mark initially. BTC has broken through the $37,800 support region. The next nearest support area is located at a trading price of $34,700. Bitcoin Falls Below The $40k Mark On the 4th of May, a falling wedge pattern was … Read more
The Dubai companies that accept Bitcoin are growing, with Damac being the most recent example. The latest news has disclosed that Damac Properties, a famous real estate firm in Dubai, would start accepting Bitcoin payments for its properties. Invest In Real Estate Using BTC and ETH Following the publication of a report in the Khaleej … Read more
Horacio Larreta, leader of Argentina’s capital, Buenos Aires, has stated the city would enable its inhabitants to pay certain taxes using cryptos soon. This is among a digitization initiative dubbed “Buenos Aires+” by the city. The aim of this initiative is to strengthen the city’s relationship with its citizens. Buenos Aires To Implement Crypto Tax … Read more
Recently, the emergence and adoption of digital currencies have progressed rapidly, with some nations already accepting BTC as a means of payment. As noted by a study released on the 25th of March by the IMF titled “Crypto, Corruption, and Capital Controls: Cross-Country Correlations, individuals living in nations with high levels of fraud are more … Read more
WeChat, the most popular social media messaging application in China, is said to have enabled e-CNY payment methods. The service is now accessible to 23 areas where the electronic currency is being tested, including Shanghai and Beijing. This move is part of the country’s plan to increase the widespread adoption of its CBDC. The service … Read more
As per the data from CoinShares, a weekly inflow of $139 million has been recently observed to take place in the crypto industry, pointing to large institutional investments into cryptocurrency holdings, the highest in three months. The latest development is a quick increase from last week, which records an outflow of $47 million. More than … Read more
Government policy is often the trigger for the performance of any market, which might be positive or negative depending on the aim of the policy. Following the announcement of the executive order by the president of the United States, Joe Biden, the cryptocurrency and blockchain firms have reacted positively to the news with an accompanying … Read more
The leading cryptocurrency in the world has had a positive performance to show for a couple of days now after spiraling down with other digital tokens. Bitcoin has seen its value skyrocket to another level, which may partly be explained by the high demand for cryptos, primarily due to the ongoing standoff between Russia and … Read more
Unlike other digital currencies, Bitcoin’s mainstream acceptance is unmatched, such that top fiat currencies are linked to it in more than one way. While the adoption of Bitcoin in mainstream finance is a welcome development and a sure sign of the utility of cryptocurrencies, the negative side of this is that it has made Bitcoin … Read more
The past few weeks have been trying times for the world’s leading cryptocurrency as the market instability it has experienced has become its main feature for some time now. As the price of the BTC is currently valued at a little below $38,000, analysts have issued cautions stating that the increasing large-scale economic impact and … Read more
