3 reasons why Ethereum price might not hit $5,000 anytime soon
Ethereum price might be bullish in the short term but there are a handful of factors that could keep the price pinned in its current range. Go to Source Powered by WPeMatico
Month: July 2021
Big Investors Are Pushing up Valuations of Crypto Firms
Venture capital firms and large investors are driving up the prices of crypto startups. Boutique investment firms and family offices are being elbowed out by big venture capital firms, private equity funds, and even some pension funds. VC Firms Driving Up Prices of Crypto Startups Cryptocurrency firms are seeing high valuations due to large investors … Read more
ETH Compatible BCH Sidechain Smartbch Successfully Launches Three Nodes
The day before the fourth Bitcoin Cash anniversary, the Smart Bitcoin Cash team (Smartbch), announced the project has launched three nodes as genesis validators. Smartbch disclosed that Btc.com, Viabtc, and Matrixport are participating and the project has officially started its voting period. Smartbch Fires up Smart Chain’s Genesis Validators For quite some time now, the … Read more
Pro traders look for this classic pattern to spot Bitcoin price reversals
Crypto and stock traders view the inverse head-and-shoulders pattern as an early signal that a bullish trend reversal is in the making. Go to Source Powered by WPeMatico
Kentucky Regulators Crack Down on Blockfi Interest-Bearing Accounts
The crypto lender Blockfi is now dealing with regulators from five states as Kentucky has joined the fray against the firm’s Blockfi Interest Accounts (BIAs). On July 30, Blockfi shared a statement on Twitter that explained the Kentucky Department of Financial Institutions (DFI) has sent the company an order that aims to ban new BIA … Read more
Central Bank Governor: South Africa’s Digital Currency Study Ongoing
South African Reserve Bank (SARB) governor, Lesetja Kganyago, has once again confirmed that the central bank is presently studying the feasibility of issuing a digital currency. In his remarks at the SARB’s annual general meeting, governor Kganyago suggested his organization has embarked on this study to keep abreast with the growing trend of central banks … Read more
German law allowing institutional funds to hold crypto comes into effect Aug. 2
As much as $415 billion worth of investments could flow into cryptocurrencies as new laws governing German Spezialfonds go into effect. Go to Source Powered by WPeMatico
Bitcoin ‘supercycle’ sets up Q4 BTC price top as illiquid supply hits all-time high
Recent events mean that a Q4 “blow-off top” is now back on the menu as BTC price recovery clings to its 23% weekly gains. Go to Source Powered by WPeMatico
Fed Governor Lael Brainard Can’t Imagine Future Without Digital Dollar
Pointing to a number of reasons why a digital version of the U.S. dollar should be created, Federal Reserve Governor Lael Brainard insisted that not having one wouldn’t lead to a sustainable future. The central bank official believes a digital dollar will have both international and domestic applications. US Fed’s Lael Brainard Can’t Wrap Head … Read more
