Bitcoin Financial News

cryptocurrencies finds out the recognition and definition of crypto as an asset class in conversation with Avinash Shekhar, the CEO of ZebPay and Joel John, the head of Ledger Prime. Crypto assets have long been called an asset class. An asset class is a financial instrument typically having similar financial characteristics. But does crypto fall in the category and if so how?Crypto as an asset class Avinash believes that crypto has all the attributes of an emerging asset class. The attributes include holding value across space and time for years and some legitimate use cases. He believes that the use cases of cryptocurrencies could be even bigger than the Internet which will come into the picture only in the further stages of the digital revolution. Another important trait of this asset class is volatility which is an inseparable trait of any growing asset class as has been the case earlier for oil too. He believes that the volatility of virtual assets would come down as it gets more firmly established. At the same time, he affirms that price volatility won't diminish due to the increasing financial literacy among crypto enthusiasts and a consequent rise in the crypto buyers and traders over the past 5 years. The Fear of Missing Out (FOMO) has also slid down from before and will continue to as the crypto users gain maturity.

Bitcoin (BTC) began to show fresh signs of an impending correction on March 31 as BTC price action began to eat into last weekend's CME futures gap.

Cross border remittances are a matter of life and death as the Russia-Ukraine war and Afghanistan’s frozen funds have shown us. However, there are plenty of high-stakes use cases for crypto investors even in less precarious financial situations.

European Union lawmakers vote on Thursday on tougher safeguards for transfers of bitcoin and other cryptocurrencies, in the latest sign that regulators around the world are tightening up on the booming sector.

Investing in cryptocurrencies and digital assets is now easier than ever before. Online brokers, centralized exchanges and even decentralized exchanges give investors the flexibility to buy and sell tokens without going through a traditional financial institution and the hefty fees and commissions that come along with them.

The new tax regime of cryptocurrency will fall under section 285BA and sub section (k) of IT Act.

Barring Bitcoin, Terra and the dollar-pegged US Coin, the other crypto tokens were trading higher. Solana piped Terra to become the 8th largest crypto asset, thanks to an 11 per cent rise in the token. Avalanche jumped 8 per cent. The global cryptocurrency market cap inched up to $2.16 trillion, adding over a per cent in the last 24 hours. Total cryptocurrency trading volume tumbled as much as 5 per cent to 112.25 billion.

There is “grassroots evidence” that “America is adopting Bitcoin,” according to Clay Graham, founder of Rapaygo and a Bitcoin Lightning Network (LN) enthusiast. 

The Ukrainian government has gone all out soliciting aid from the cryptocurrency community and the efforts have borne fruit. Since February 26 when officials began tweeting calls for donations, the country has received over $71.66 million of its $200-million target as on March 31.

The financial markets of the world are not ready for bonds backed by bitcoin (BTC) yet, according to the CEO of the enterprise software firm MicroStrategy, Michael Saylor. However, El Salvador’s planned “volcano bonds” could be a different story.

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Bitcoin (BTC) has already netted its biggest new buyer almost $200 million in profit from price increases, data suggests.

Bitcoin (BTC) may be consolidating at $47,000, but longer timeframes show just how significant this week's mini bull run has been.

Bitcoin’s price has shattered its immediate hurdles and pushed past the yearly open, suggesting that the bulls are back. However, a closer look reveals that while the bulls may be back, the sellers are not going to give up easily. Therefore, investors can expect another consolidation to happen after a tiny leg-up.

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

Canadian oil and gas company Bengal Energy, is dipping its toes into Bitcoin (BTC) mining as a way of utilizing the untapped energy from its gas wells in the far reaches of the Australian outback. 

Altseason is a crypto-market cycle phase investors absolutely love. This is a period where altcoins tend to rally, offering gains in the multiples. However, an altseason has a lot of components working together and each of these parts needs to be in the right place to kick-start an altseason.

On Wednesday, DeFi Technologies announced that its subsidiary Valour reached $274.2 million in assets under management. The company offers various cryptocurrency-denominated exchange-traded products, or ETPs, listed on European exchanges.

Bitcoin’s (BTC) rally is taking a breather near the 200-day simple moving average (SMA) and that has resulted in what is either a minor pullback or consolidation in BTC and select altcoins. 

Alex Gladstein, the CSO at the Human Rights Foundation, says that if Bitcoin was adopted as a global reserve currency, nation-states would be less incentivized to start wars.

Bitcoin (BTC) mining difficulty seems likely to break another record in a matter of hours, yet again cutting into the decreasing profit margins of miners.