Bitcoin mining operator Northern Data reportedly considering $500M IPO
Swiss investment bank Credit Suisse is reportedly backing German Bitcoin mining operator Northern Data in its $500 million IPO. Go to Source Powered by WPeMatico
Month: February 2021
Bitcoin Still Correcting
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, February 23rd, the BTC keeps correcting, declining to 50,436 USD. It reached its peak of 57,640 USD on February 21st and has been declining since then. On D1, the pair bounced off the resistance level and keeps declining. The aim of the pullback is 23.6% Fibo. The … Read more
Janet Yellen Warns Bitcoin Is ‘Extremely Inefficient’ and ‘Highly Speculative’ as BTC Price Plunges
U.S. Treasury Secretary Janet Yellen has warned about the dangers of bitcoin as the price of the cryptocurrency took a nosedive. She sees bitcoin as a highly speculative asset and is worried about potential losses investors can suffer. Yellen also believes that bitcoin is not widely used as a transaction mechanism due to its inefficiency, … Read more
$5.64 billion liquidated in 24 hours as Bitcoin extends losses — Is a relief rally near?
A staggering $5.64 billion worth of futures positions was liquidated in the last 24 hours as the price of Bitcoin dropped 17%. Go to Source Powered by WPeMatico
Major Asian banks unite to form ‘multiple’ CBDC pact on blockchain
Some of Asia’s largest banking institutions are working together on a “multiple” CBDC project, designed to cross borders and navigate regulations easier than fiat. Go to Source Powered by WPeMatico
State Bank of India joins JPMorgan’s blockchain payments network
A major government-owned bank, the State Bank of India, has become the first Indian bank to join JPMorgan’s blockchain network Liink. Go to Source Powered by WPeMatico
Bitcoin falls to $45K in sequel to 20% BTC price crash
A failed rebound above $50,000 looks to flip the level back to resistance as $47,000 becomes a new price focus. Go to Source Powered by WPeMatico
Bill Gates warns Bitcoin buyers: If you have less money than Elon Musk — watch out!
The Microsoft founder thinks anyone with less money than the world’s richest man should “watch out” when it comes to Bitcoin. Go to Source Powered by WPeMatico
Thailand Authorities Are Targeting Japanese Crypto Holders to Boost Tourism
Thailand seems to be interested in catching Japanese crypto holders’ attention via tourism. The country wants to establish a crypto-friendly touristic hotspot and the first targeted country is the nation of the rising sun. Program Aims to Add New Segments With ‘High Spending’ Per Bangkok Post, the Tourism Authority of Thailand (TAT) seeks to put … Read more
Bank of Korea chief says crypto has no intrinsic value, expects volatility
Bank of Korea Governor Lee Ju-yeol has expressed skepticism over the recent crypto rally, stating that the bank is progressing with a digital currency project. Go to Source Powered by WPeMatico
