Return to $11,500 range was expected and gives an opportunity to buy up more coins, says one trader. Bitcoin (BTC) price was hovering closer to $11,500 on Aug. 7 as analysts brushed off concerns of a fresh downward move. Market visualization. Source: Coin360 Bitcoin price experiences another healthy correction Data from Coin360 showed BTC/USD trading […]
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The United States, China and the fallout of their escalating trade war means Bitcoin is a perfect storm. Bitcoin (BTC) price has staged a remarkable rally in recent days, but the reasons behind it could mean higher prices stick around much longer. With BTC/USD now at $12,200, here are the main reasons the cryptocurrency industry […]
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Bitcoin currently controls 68.4% of the total crypto market cap, as bulls regain control. Bitcoin (BTC) price has retaken $12,000 in a final push following several days of intense upwards price action. Bitcoin 7-day price chart. Source: Coin360 Bitcoin bulls reverse multi-week downturn Data from Coin360 showed BTC/USD hitting $12,142 on Aug. 6, bringing its […]
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Galaxy Digital CEO Mike Novogratz says that Bitcoin’s 2019 rally could have “real legs” given today’s turbulent macroeconomic and geopolitical landscape. Galaxy Digital CEO Mike Novogratz says that Bitcoin’s 2019 rally could have “real legs” given today’s turbulent macroeconomic and geopolitical landscape. In a tweet posted on August 5, Novgoratz remarked that: “With the yuan […]
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Turmoil over Hong Kong and the U.S. trade war appeared to fuel both Bitcoin and gold markets Monday. Bitcoin (BTC) price began highly bullish Monday after an abrupt turnaround of its previous bear market saw it gain $1,200 this over the weekend. Market visualization. Source: Coin360 Politics dictates Bitcoin price gains Data from Coin360 showed […]
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Chinese mining and mining Application Specific Integrated Circuit manufacturer Bitmain lost $625 million in the first two months of this year. Chinese mining and mining Application Specific Integrated Circuit (ASIC) manufacturer Bitmain lost $625 million in the first two months of this year, local media QQ reports on Aug. 2. Hundreds of millions lost Per […]
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Hong Kong’s flagship airline Cathay Pacific has introduced the first blockchain project to manage unit load devices. Hong Kong’s flagship airline Cathay Pacific has introduced the first blockchain project to manage unit load devices (ULDs). Cathay plans to roll out the tech across the entire network The new project intends to eliminate paper-based processes by […]
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An article on Chinese social media claims Canaan Creative has beaten the likes of Bitmain to filing an IPO in the US. Chinese Bitcoin mining giant Canaan Creative has allegedly filed a $200 million initial public offering (IPO) request with United States regulators. Report: Canaan ‘beats Bitmain’ to IPO filing That was according to a […]
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Singapore’s proposal to exempt crypto from a goods and services tax would benefit crypto-related businesses, says PwC corporate tax expert. Singapore’s plans to exempt certain digital currencies from the Goods and Services Tax (GST) would benefit cryptocurrency-related businesses, according to a partner in PwC Hong Kong’s corporate tax practice. As reported by Hong Kong’s English […]
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Huobi’s Thailand-based subsidiary has secured the country’s fifth official license to operate a fully-regulated digital asset exchange. Huobi’s Thailand-based subsidiary has sealed the country’s fifth official license to operate a fully-regulated digital asset exchange. An official July 24 announcement from Huobi Group —the operator of Singapore-based flagship exchange Huobi Global — revealed that Huobi Thailand […]
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