Bitcoin, the world’s most valuable digital asset, is currently struggling around the price level of $33,000 amid negative market sentiment. BTC has lost nearly 5% of its value since 7 July 2021. According to the latest data published by Coinmarketcap, the overall market cap of digital currencies dropped by approximately $50 billion in the last 24 hours led by a […]
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The Bank of England (BoE)’s latest Financial Stability Report, released twice yearly, acknowledges that increased crypto trading action and price volatility in 2021 signal that the sector is harboring “potential pockets of exuberance.” The report notes that the top market cryptocurrencies, Bitcoin (BTC) and Ether (ETH), saw a sharp appreciation in value over the 12 months to April 2021 and […]
Read moreMajor Indian bank ICICI has asked customers not to use the Reserve Bank of India (RBI)’s liberalised remittance scheme (LRS) for any crypto-related investments. ICICI, a leading private sector bank in India, has updated its retail outward remittance application to include cryptocurrency. With this update, the bank has asked its customers to declare under India’s Foreign Exchange Management Act 1999 […]
Read moreVDollar is a cryptocurrency exchange registered in Colorado as ‘VDollar Exchange LTD’. it is fully regulated under the jurisdiction of the United States, with the registration of MSB. The company is bringing new features into crypto trading with a three-part business model, namely digital currency Exchange, ultra-circular digital currency wallet, and new trading n’ mining coins. The crypto exchange provides […]
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OK Group, a blockchain technology firm formerly behind cryptocurrency exchange OKEx, will start working with Chinese authorities to combat money laundering using blockchain technology. The company’s settlement-focused subsidiary OKLink has reached a partnership with Nanjing Public Security Research Institute to collaborate on applying blockchain tech for Anti-Money Laundering purposes. The institute announced that the partnership will include in-depth cooperation with OKLink […]
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Indian cryptocurrency exchange CoinDCX has announced the launch of its new token, Liqueth (LQTH), a bond-backed token based on a Proof of Stake reserve protocol. CoinDCX said that LQTH will be generated and transferred to stakers in a 1:1 ratio for every ETH staked through its platform. LQTH is an ERC-20 token and will only be minted once the ETH […]
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Today, Litecoin (LTC) fell to $131 after being rejected at the high of $139. The crypto fell as the price broke below the moving averages. Selling pressure is likely to accelerate below the moving averages. In the lower time frame, the market is making a series of lower highs and lower lows. The price action is showing bearish signals as […]
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Singapore Exchange (SGX) reported its market statistics for June 2021 today. The exchange posted strong growth in its FX numbers as the total monthly futures volume reached 2.4 million contracts last month, which is 17% higher compared to May 2021. According to an official announcement, the latest surge in foreign exchange futures traded volume was driven by strong demand in […]
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Bitcoin price failed to clear the $35,000 resistance and started a fresh decline against the US Dollar. BTC remains at a risk of a larger decline as long as it is below $34,000. Bitcoin failed to extend gains above $34,650 and it started a fresh decline below $34,000. The price is now trading below the $33,500 support and the 100 […]
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