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Cryptocurrencies

“Ethereum Blockchain’s Upgrade May Lead to Greater Institutional Adoption of Ether: Bank of America”

“…The notable reduction in energy consumption after the Merge may allow some institutional investors to purchase ether (ETH) for the first time – those who were barred from buying tokens that run on blockchains that use the PoW consensus mechanism,… Continue Reading…

Cryptocurrencies

“Coinbase shares soar nearly 20% in boost from meme traders, BlackRock crypto deal”

“Shares of Coinbase soared on Thursday after the crypto exchange announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin. Coinbase shares were last up by 25.2%. Earlier in the day they jumped as much as about 40%…… Continue Reading…

Cryptocurrencies

“Cryptocurrencies tumble, with bitcoin falling 7% and ether down 8% in the last 24 hours”

“Bitcoin prices fell sharply on Thursday night, while ether prices also dived, wiping off nearly $150 billion from the crypto market. Bitcoin fell about 7% in the last 24 hours, and dropped as low as $38,287 in the same period, according… Continue Reading…

Cryptocurrencies

“Bitcoin tops $60,000 for first time in six months as traders bet on ETF approval”

“Bitcoin climbed above $60,000 Friday, pushing the digital coin further toward its all-time high, as traders speculated U.S. regulators would clear the first bitcoin futures exchange-traded fund. The world’s biggest cryptocurrency surged as high as $60,314, notching its highest level since… Continue Reading…

Cryptocurrencies

“Bitcoin retakes $46,000 as rebound continues”

“The price of bitcoin broke past $46,000 on Monday morning after a high stakes weekend for the crypto industry as the Senate continued debating the details of its part in the still yet-to-be-passed infrastructure bill. Bitcoin traded as high as $46,050.61. That… Continue Reading…

Cryptocurrencies

“Bitcoin Price Drops Below $30K for the First Time Since January”

“Bitcoin dipped below the long-held support at $30,000 on Tuesday, hitting the lowest level since Jan. 28. The cryptocurrency traded at $29,700 shortly before press time, bringing the year-to-date gain down to just 3%, according to CoinDesk 20 data. The drop… Continue Reading…

Cryptocurrencies

“A second bitcoin exchange collapses in Turkey amid crackdown on cryptocurrencies”

“The platform, Vebitcoin, said in a brief statement on its website that it has ceased all activities after facing financial strain and that it would update clients on the situation as soon as possible. Days earlier, Thodex, went offline with its CEO reportedly leaving… Continue Reading…

Cryptocurrencies

“…regulator’s blunt warning on bitcoin and other cryptocurrencies”

“The warning was prompted by firms “offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise high returns,” the Financial Conduct Authority said. The regulator said it had five concerns: Consumer protection, price volatility, product complexity, charges and… Continue Reading…