Investment bank JPMorgan Chase has warned of a further bitcoin price decline, expecting an incoming bear market. The bank’s analysts look at the trend in bitcoin futures and see “an unusual development and a reflection of how weak bitcoin demand is at the moment from institutional investors.” However, a number of people disagree with this […]

The president of the European Central Bank (ECB), Christine Lagarde, has shared her view on El Salvador making bitcoin legal tender. She confirmed that the central bank’s policy on bitcoin and other cryptocurrencies has not changed. ECB’s Lagarde Comments on El Salvador Making Bitcoin Legal Tender ECB President Christine Lagarde has shared her view last […]

The director of the Netherlands’ Bureau for Economic Policy Analysis, a part of the country’s Ministry of Economic Affairs and Climate Policy, has predicted “The ultimate collapse of the crypto bubble.” He urges the government to ban bitcoin and other cryptocurrencies immediately. However, the country’s finance minister disagrees that banning cryptocurrency is right for the […]

Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June. […]

PRESS RELEASE. Pakistan: RNS Solutions Pte Ltd., the leading blockchain software development company from Pakistan, Korea, and Singapore this week announced a formidable partnership with the ICD-Islamic Development Bank Group, a multilateral development bank that promotes social and economic development in member countries, and Trustedchain software development & consultancy firm in Saudi Arabia. As part […]

The Lebanese pound dropped to a new low on Sunday against the greenback trading in the low 1,500s range to the U.S. dollar. Lebanon’s currency has been in a downward spiral since 2019, as the pound has lost 90% of its value since then. Reports note that Lebanese citizens are facing shortfalls on basic goods […]

The long-awaited Bitcoin Taproot upgrade has now finally been confirmed by the nodes. For this confirmation, at least 90% of the mining… Continue reading on The Capital »

Overview Total spot trading volume at $1.11 billion, the 30-day average is $2.43 billion. Total futures notional at $384.2 million. The top five traded coins were, respectively, Bitcoin (+9.8%), Ethereum (+5.9%), Tether (0%), Cardano (+5.5%), and USDC (+0%). Strong returns from Mina (+23%) and Keep (+21%). June 13, 2021  $1.11B traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD  BTC $39034. ↑9.8% $477.1M ETH $2509.9 ↑5.9% $250.2M USDT $1.0001 ↓0.01% $159.5M ADA $1.5589 ↑5.5% $68.6M USDC $1.0001 ↑0.0% $39.8M DOT $22.075 ↑6.5% $31.9M […]

Bitcoin and Ethereum both continue to show an unclear direction as both fail to break major resistances and fall back on their ‘support’ price levels. However, the number of Bitcoin ‘shorts’ continues to rise and touch an all-time high on crypto exchange Bitfinex, which suggests that traders are leaning on the bearish side as of […]

The ioTube cross-chain bridge now enables two-way swaps between IoTeX and Polygon (Matic). The Ethereum blockchain, and Binance Smart Chain are already supported.  IoTeX has announced the addition of Polygon (Matic) to its growing network of cross-chain swappable tokens. Polygon is one of the fastest growing blockchain networks in the space, and this partnership will provide yet more liquidity to the IoTeX network.  A […]