Bitcoin Financial News

Despite the financial volatility that has engulfed the global economic landscape over the last month or so, there seems to be no stopping the growth of the cryptocurrency market, especially the nonfungible token (NFT) sector. This growth is highlighted by the fact that crypto’s total market capitalization has increased from around $800 billion to $1.8 trillion since the start of 2021.

The UK’s National Crime Agency (NCA) has called on the country’s authorities to regulate decentralized crypto mixers that enable multiparty bitcoin (BTC) transactions, claiming that the process can be used by criminals to launder money from illicit sources and to avoid detection.

Regulatory hurdles and geopolitics remain at the forefront of investors’ concerns for digital assets. Notably,Bitcoin traded roughly flat over the past 24 hours. In fact, trading volume across major exchanges declined to its lowest level since 19 February. Well, this signals some caution for the traders ahead of the Fed meeting this week. Curiously, altcoin suffered the same fate.

As Bitcoin [BTC] and Ethereum [ETH] revel in distant dreams of their long lost highs and struggle to break past their old resistance levels, is it possible that weary investors are looking towards more energetic alts instead? Here’s what the data said.

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

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

cryptocurrency exchange Binance has been given a crypto-asset service provider licence by Bahrain's central bank, its first such licence in the Gulf Cooperation Council (GCC), the company and the bank said on Tuesday. «The licence from Bahrain is a milestone in our journey to being fully licensed and regulated around the world,» said Binance Chief Executive Officer CEO Changpeng Zhao in a joint statement with Bahraini authorities. The regulatory requirements will «protect users with strong anti-money laundering and counter-terrorism financing policies,» he added.

The United Kingdom’s Financial Conduct Authority (FCA) is seeking senior executives with cryptocurrency-related expertise as the regulator is preparing to launch a new crypto department to regulate the industry.

Bitcoin loves flirting with the mainstream. But now, as the U.S. president says he wants to get serious, it may be getting cold crypto feet. When Joe Biden ordered officials to prepare reports on the role of cryptocurrencies in future finance last Wednesday, bitcoin leapt as much as 9% and ether 8%, as many crypto fans hailed a potential milestone in mainstream acceptance. «The real importance of it is that the president of the United States is talking about crypto,» said Jack McDonald, CEO of Standard Custody, a firm handling digital asset custody solutions for institutional investors.

The European Parliament’s Economic and Monetary Affairs Committee voted Monday, a move that quashed a ban on popular cryptocurrency Bitcoin across the European Union (EU). The committee voted against the ban on Proof-of-Work mechanisms underlying major cryptocurrencies like Bitcoin and Ethereum.

Major global cryptocurrency exchange FTX is expanding operations in the United Arab Emirates by receiving a virtual asset license in Dubai.

A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base to create a cheaper, faster and more secure ecosystem for electronic fiat currency or central bank digital currency (CBDC).

Ukraine's Ministry of Digital Transformation, in cooperation with major crypto exchange FTX and staking platform Everstake, has launched a crypto fundraising site to provide interested users with a convenient portal for donating to Ukrainian causes.

Barring the dollar-pegged stable coins, all of the top digital tokens were trading higher. Terra gained more than 6 per cent, followed by a 3 per cent rise in Bitcoin. Avalanche and Dogecoin added 2 per cent each. The global cryptocurrency market cap today dropped lower to $1.73 trillion, jumping about 2 per cent in the last 24 hours. Total cryptocurrency trading volume zoomed as much as 20 per cent to $74.69 billion.

Bitcoin (BTC) saw a fresh brief short squeeze overnight on March 15 with bulls still attempting to crack $40,000 resistance.

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Cryptocurrency startups have begun offering investors an option to earn interest on virtual assets to battle volatility even as the industry awaits regulatory and legal clarity on the issue. Crypto startups are offering fixed returns on one’s holdings. How do these investment products work? What makes them different from conventional deposits? What should investors watch out for? Aseem Gujar & Partha Sinha find out… One can buy crypto either through an exchange’s app or invest indirectly via exchange-traded funds (ETFs) as was explained last week in this column. Cryptocurrency startups are giving another option to investors: Some call it fixed deposit or fixed income product, while others steer clear of traditional finance terminology and refer to it as interest-generating investment. Presented ByDid you Know?Billed as India'

Over the past week, long-term holders of Bitcoin increased their spending to a level that suggests de-risking from the market, but hodling remains the predominant investing strategy.

Dogecoin, bitcoin and ether briefly spiked on 14 March after Tesla CEO Elon Musk tweeted that he still owns the cryptocurrencies and won’t sell.

The Ukrainian government on Monday launched a website in partnership with crypto-firms FTX and Everstake that will funnel donations to Ukraine's central bank as it combats a devastating invasion by Russia.

The global cryptocurrency market capitalisation jumped 1.67 percent over the last 24 hours to $1.73 trillion while trading volumes rose 19.56 percent to $74.23 billion during this period.