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The Central Bank of Venezuela is exploring whether to hold Bitcoin and Ethereum in its international reserves. The cryptocurrencies would be used to circumvent international sanctions and pay state-run oil company debts, the report revealed. Circumventing sanctions with Bitcoin Apart from the political upheaval brought on by contested president Nicolas Maduro, Venezuela has been struggling […]

SEC Commissioner Hester Pierce, whose benevolent attitude towards crypto earned her the nickname ‘Crypto mom’, shared her thoughts on the current state of the crypto industry in the U.S. and the effect a slow regulatory response has had on the sector. Proud to be embraced by the crypto community The U.S. has notoriously been slow […]

Bitcoin recently took a nosedive, bringing the entire cryptocurrency market with it. Although some altcoins recovered from the recent drop, most—including EOS, Cardano, and TRON—remain in a bearish posture signaling a further decline. EOS EOS is one of the most prominent smart contract projects in the cryptocurrency industry. Born during the 2017 ICO mania the […]

Analysts have pointed out that Bitcoin’s price rises and falls in line with settlement dates for CME Bitcoin futures contracts. The phenomenon may point to market manipulation. CME’s impact on Bitcoin CME Group’s Bitcoin futures contracts were hailed as the bridge between institutional and retail investors. Growing volumes support this narrative. The CME saw a […]

All summer long, the hottest headlines in cryptocurrency have been about derivatives. As the price of BTC started to climb, BitMEX and CME both announced they were experiencing record trading highs on perpetual swaps and cash-settled futures. Binance has now launched not one, but two, futures trading platforms. Most recently, ICE launched physically-settled futures via […]

According to Binance Research, relative search trends of the term “Bitcoin” have been shifting from west to east since 2011, and have now reached Africa. Binance highlights Bitcoin popularity on Google Search The world’s largest digital asset, Bitcoin, has always been synonymous with cryptocurrencies. For most, Bitcoin is the gateway both to other coins and […]

Mario Draghi, the outgoing president of the European Central Bank, mentioned the institution is open to Modern Monetary Theory—a fiscal and monetary framework that argues governments can keep printing money so long as inflation is in check. This will only increase the demand for Bitcoin. A brief breakdown of Modern Monetary Theory Modern Monetary Theory […]

Bitcoin continues ripping through major support, breaching the $8,000-level support within the last hour. From open at $10,027 on Sep. 23, BTC has now fallen over 20 percent. The drop follows a breakout of a month of consolidation around the $10,000 price point, beginning mid-August. What has startled investors is the speed of the drop. […]

Subsequent to the near 20 percent pullback in the Bitcoin price, trader Nick Cote said that bears won the short term fight with more room for a deeper correction in the cryptocurrency market. More than $600 million worth of long contracts were liquidated on BitMEX on the day the Bitcoin price plunged to $8,000, causing […]

Bitcoin experienced its worst plunge since January 2018, dropping as much as 18 percent on Sept. 24. The drop came shortly after the U.S. stock market experienced a similar crash, which led many to question whether Bitcoin was truly a “safe haven” asset. No bull market for Bitcoin Bitcoin’s upcoming bear market has been one […]