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Trading from misty Albion was compelled to migrate to bitcoin as a result of the British pound's decline versus the US dollar. Over the previous several days, the BTC/GBP pair's trade volume has been rising. The cryptocurrency exchanges Bitfinex and Bitstamp saw the highest increase in activity...
At the end of August, the dependence of bitcoin on the US stock market decreased. However, already in September, the trend changed, and Bloomberg analysts drew attention to the increased correlation between BTC and the S&P 500 index. The correlation coefficient rose to 0.72 points, but it is...
JPMorgan CEO Jamie Dimon has been critical of bitcoin and other digital currencies over the past few years. The day before, during a speech in Congress, the banker confirmed his negative attitude towards the innovative tool. At the same time, Dimon acknowledged that stablecoins backed by the US...
Governments all over the world continue to fight high inflation and financial markets remain uncertain. A new report by the World Bank predicts that global growth is slowing sharply and likely more countries will fall into recession. Cryptocurrency prices are down amid the current trends. The total...
Michael Saylor, co-founder of the business analytics company MicroStrategy finds that Bitcoin is becoming stronger after the upgrade of the Ethereum blockchain. The Ethereum Merge was finalized on Sept. 15, moving the blockchain from the Proof of Work consensus mechanism to Proof of Stake. With the...
Nassim Taleb, the author of Black Swan, said in a recent interview that creating tumors like Bitcoin hurts the economy. During Squawk Box, he expressed an opinion that we've had 15 - 14 and a half years of Disneyland that has destroyed the economic structure. According to Taleb, anyone who's...
Over the past few years, the Canadian authorities have been considering options for the phased legalization of the cryptocurrency market. Last summer, the country's central bank announced that it was impossible to ignore the blockchain industry. It has accumulated large capital and needs...
Data reveals that Bitcoin mining difficulty reached a record all-time high hitting 32.05 trillion hashes. This means that miners need to perform more than 32 T hashes to solve a mathematical puzzle and add a new block to the blockchain. After the previous estimation, the difficulty increased by...
Last Tuesday, Bitcoin (BTC) lost more than 10% in value - this is the strongest drop since mid-June. Sales in the stock markets did not bypass digital currencies. On the night of Wednesday, September 14, the BTC rate fell to $20,344. The capitalization of bitcoin over the past 24 hours has...
Bahrain's Central Bank intends to release a Bitcoin payment implementation and payout solution in collaboration with the Bitcoin payment processor OpenNode. Today, OpenNode released a statement saying that it intends to provide the infrastructure to help Bahrain to grow its economy and develop...
Leading financial services provider Fidelity considers offering Bitcoin trading services to its retail customers. According to a release by Wall Street Journal, the institution with over 34 M brokerage accounts is looking into ways to enable retail investors to trade BTC on its brokerage platform....
In August, Bitcoin's dependence on the US stock market sharply weakened. The correlation between BTC and business activity indicators was at an annual low, according to a report by Arcane Research. Last week, the dependence of cryptocurrency on the stocks of the technology sector began to increase...
Business intelligence firm MicroStrategy intends to buy more Bitcoins by selling up to $500 M of stock. According to an SEC filing, the company's stock offering serves general corporate purposes, including Bitcoin purchases. The company's class A shares are listed on The Nasdaq Global Select Market...
Bitcoin was above $20,000 on Friday. The BTC rate peaked at $20,407 at the start of the American session, but it dropped to $19,663 by Saturday, September 3, night. The market has not changed significantly over the last two days, and Bitcoin is starting a new week below the psychological threshold...
The cryptocurrency market has been suffering losses over the past few weeks, but the Friday speech by the head of the US Federal Reserve, Jerome Powell, dealt the strongest blow to it. The readiness of the regulator for the next increase in rates provoked a massive exit of capital from the...
El Salvador President Nayib Bukele said the country will provide over $200 M in infrastructure investments to upgrade Bitcoin Beach. The beach El Zonte was renamed Bitcoin Beach as it accepts Bitcoin. The place has become a tourist hotspot, and investments will serve for the construction of...
As a result of the next recalculation, the difficulty of mining the first cryptocurrency increased by 9.26%, to 30.97 T. In the approximately two-week period between the latest metric adjustments, the average network hashrate was 221 EH/s. According to Glassnode, network computing power (smoothed...
Last Friday, Fed Chairman Jerome Powell announced the readiness of the American regulator to raise the discount rate if he fails to stabilize inflation at 2%. Over the past few days, the price of bitcoin has decreased by 6%, on Wednesday the coin is trading at around $20,274. The measures of the US...
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