Bitcoin price remains stable above $9,000 as data increasingly points to irrationally optimistic behavior on correlated stock markets. Bitcoin (BTC) begins Monday by avoiding another test of $9,000, but what could happen to change the mood or even set off a bull run? Cointelegraph takes a look at five major facts that could influence the […]
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The Bank of Japan reported the supply of money stock in circulation increased 6% in June following the receipt of economic relief payments. Investors in Japan increased their crypto holdings during the early stages of the pandemic before the government issued economic relief payments. According to a July 13 report from Japanese news outlet Nikkei, […]
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The rally in altcoins is likely to continue if Bitcoin holds at its current levels but a breakdown below $9,000 could lead to aggressive profit booking by altcoin traders. At various points throughout 2020 Bitcoin (BTC) was correlated with gold. During these phases BTC was acting as an uncorrelated asset, but now it has become […]
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Understanding the impact of the COVID-19 pandemic on cryptocurrency and blockchain-based asset markets: negligible or significant? COVID-19 has become a defining moment in the course of our society, but the impact of the pandemic can be seen through its effects on the economy and society in general. From the perspective of a Bitcoin (BTC) investor, […]
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Although the cryptocurrency industry still has many needed improvements, it nevertheless seems to be on an upward trajectory. There is no doubt that cryptocurrency — specifically Bitcoin (BTC), which is frequently used as a barometer for the health of the entire sector — has made a comeback. As of the writing of this article, Bitcoin […]
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Crypto regulation in 2020: The U.S. tightens regulation of crypto, while India has finally allowed banks to get involved with firms. Cryptocurrencies have been around for more than 10 years, but the legal status of Bitcoin (BTC) and most other cryptocurrencies remains unclear and has different definitions in various jurisdictions. Are they money, an asset, […]
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CBDCs are one of the hottest topics in the fintech space, but as their inception comes closer, serious privacy concerns come with it. Central Bank Digital Currencies, or CBDCs, have been an increasingly popular topic in the cryptosphere and financial world as a whole, especially with the onset of the COVID-19 crisis. In the United […]
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Nash’s co-founder said three industries will benefit from blockchain technology after the COVID-19 pandemic. Fabio Canesin, co-founder of blockchain fintech firm Nash, believes that as the world comes out of the COVID-19 pandemic, blockchain technology offers a “unique” opportunity to the public due to its “borderless” nature. During an interview with Cointelegraph, Canesin states that […]
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Japanese holdings of cryptocurrencies such as Bitcoin, XRP, and Ether all surged during the coronavirus pandemic. The Japan Virtual and Crypto Assets Exchange Association (JVCEA) — a self-regulatory organization for the crypto industry in Japan — recently published a report on Japanese holdings of major cryptocurrencies in March. 169,376 BTC was held on Japanese exchanges, up more […]
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Healthcare is among the first industries in South Korea to receive the benefits of data management and storage on blockchains. The government of South Korea is trying its best to adopt blockchain technology in various industries. The country’s central bank is reviewing the use of a central bank digital currency, and various government ministries want […]
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