Bitcoin Financial News

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer.

The end of the first week in June brought more pain to global financial markets as the tech-heavy Nasdaq composite closed the day on June 3 down 2.3%, while the S&P 500 shed 1.4% of its value. 

Bitcoin’s price rose above $30,000 over the weekend and continued to hold firm at press time. BTC traded at the $30.4k mark with a 1.37% surge at press time. This marks the first rally in weeks as the crypto and stock markets have largely struggled to regain upward momentum following a broader sell-off.

Kristina Cornèr, Cointelegraph's editor-in-chief, sat down with Miami Mayor Francis Suarez at the recent World Economic Forum held at Davos, Switzerland, to discuss topics like the role the mayor played at the WEF, Bitcoin being a global currency and what the mayor does with his BTC.

Between May 23 and 27, the equities markets had an impressive run, with the tech-heavy NASDAQ (NASDAQ: QQQ) ETF up over 7% and the S&P 500 (NYSE: SPY) up over 6.50%. However, this week' whipsaws in price action occurred throughout the week and while the J trade session is not yet over, the weekly candlesticks suggest a close near last week’s open. 

The Central African Republic (CAR) has announced plans to proceed with its ambitious Sango Project by tokenizing access to the country’s abundant natural resources. President Faustin-Archange Touadéra posted a photograph of a statement on his official Twitter account Thursday detailing the next steps in the project. 

Cryptocurrency bear markets destroy portfolio value and they have a dangerous tendency to drag on for longer than anyone expects. Fortunately, one of the silver linings of a market-wide pullbacks is that it gives investors time to re-focus and spend time researching projects that could thrive when the trend turns bullish again.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Bitcoin (BTC) investment vehicles are seeing “gargantuan” inflows this month in a fresh sign that traders’ appetite for BTC exposure is mounting.

The bill calls for a two year moratorium on crypto mining operations that use proof-of-work authentication methods to validate blockchain transactions.

If it is true that the Luna Foundation Guard (LFG) really sold 80,000 bitcoin (BTC) to defend the terraUSD’s (UST) peg during its meltdown, it is likely that USD 25,000 to USD 27,000 is the bottom of this bitcoin market cycle, according to crypto essayist and former BitMEX CEO Arthur Hayes.

As New York pursues efforts to ban proof-of-work (PoW) crypto mining, the attorney general reminded investors of the risks associated with investing in crypto. 

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

As regulators across the world work to adopt varying stances on crypto mining, the US state of New York and the East African country of Kenya offer two examples of how legislators can thwart or foster crypto innovation through their initiatives.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

Bitcoin (BTC) climbed to fresh local highs overnight into June 3 after United States equities cut losses.

The New York State Senate approved a controversial proof-of-work (PoW) mining ban bill that would prohibit any new Bitcoin (BTC) mining operations in the state.

With the recent cryptocurrency market correction, investors in India have taken a breather from stacking their portfolios. However, in the long term, they remain bullish on the top two cryptos, Bitcoin and Ethereum.

consultation paper on cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Thursday said the soon-to-be-introduced central bank digital currencies (CBDCs) can «kill» whatever little case that exists for private virtual currencies like Bitcoin. Sankar also attacked 'stable coins' which are pegged to a particular currency. The RBI has been vehemently opposed to cryptocurrencies like Bitcoin, saying there is no underlying value for such instruments which are essentially speculative in nature. It has gone public with the same, even as the government has yet to make its stance clear. Earlier this week, the Department of Economic Affairs in the Ministry of Finance had said it will soon be coming out with a paper on such private cryptocurrencies.

RBI has been vehemently opposed to cryptocurrencies like Bitcoin.