Shares of Glencore Plc were gaining around 4 percent in London trading after the Anglo-Swiss commodity trading and mining company announced the resumption of dividend, despite reporting a wider net loss in its fiscal 2020 hurt by charges and weak revenues. Glencore’s Chief Executive Officer Ivan Glasenberg, who is retiring in the first-half of fiscal 2021, said, “Strong second half […]

In brief: Selling by Bitcoin miners seems to have slowed down The reducing selling pressure could provide an opportunity for Bitcoin to break $50k Margin short positions have also capitulated pointing to a bullish future for Bitcoin Bitcoin could soon test $54k or even $60k in the days to follow Selling by Bitcoin miners appears to have slowed down. This […]

Mexican companies are looking into investing in Bitcoin and other cryptocurrencies, the managing partner of PwC Mexico, Mauricio Hutardo says. According to him, the sudden interest is a result of growing confidence among investors that Bitcoin and other cryptocurrencies may be trustworthy investments. “This occurs because there is a significant number of players who are seeing in these currencies a […]

A recent revelation from a senior Finance minister in India has sent investors in the country into panic mode. The minister who requested to remain anonymous confirmed that the country’s new law will include the banning of cryptocurrency usage of all kinds. Transactions with international exchanges are also not spared. The news sent shock waves through the Indian crypto-community, but […]

A pseudonymous cryptocurrency analyst and trader who correctly called bitcoin’s 2018 bear market bottom slightly above the $3,000 mark has warned that the flagship cryptocurrency’s share of the crypto market is set to soon rise. In a tweet, first spotted by Daily Hodl, the trader Smart Contractor told his 94,000 followers that he is selling altcoins as he expects bitcoin’s […]