The United States Federal Reserve has been hiking interest rates in recent months, and Bitfury’s CEO believes it is suppressing Bitcoin’s price. Bitfury CEO Brian Brooks told CNBC in a recent interview that the Federal Reserve’s inflation fight is bad for Bitcoin in the short term.’
CME says there’s growing demand for non-USD denominated crypto derivatives products. The company also plans to launch options on Ethereum futures on 12 September. Derivatives marketplace CME Group has announced its Euro-denominated Bitcoin (BTC) and Ether (ETH) futures contracts are now live. On Monday, August
Bitcoin fell below $20,000 over the weekend amid selling pressure across equities and crypto. BTC price is back above the key level, with bulls currently battling bears around $20,245. The Bitcoin market is unfazed by the reported release of 140,000 Mt.Gox bitcoin to creditors. Bitcoin
Bitcoin price fell sharply on Friday to break below $21,000 following remarks by Jerome Powell. The downside followed a similar reaction on Wall Street, with S&P 500 falling 2%. Powell said in his Jackson Hole speech that the Fed would remain aggressive till the “job
Ripio, an Argentinian crypto firm, has unveiled a Visa card in Brazil that allows users to pay using cryptocurrencies and in return earn cashback rewards in bitcoin (BTC). The Visa card is a prepaid debit card and shall be used with any merchant that accepts
Crypto winter has seen crypto prices fall to new cycle lows Coinbase CEO Brian Armstrong says its difficult to predict markets, but foresees the crypto market recovery taking a year or more. Armstrong hints at Coinbase being prepared for the down cycle after going through
This year has been brutal thus far in the cryptocurrency markets. Among the bearish developments has been a bunch of centralised entities filing for bankruptcy, the most high-profile of whom was Celsius. Against this backdrop, the mantra of “not your keys, not your coins” rings
Bitcoin could rally towards the $22k resistance level over the coming hours as the broader market slowly recovers. The cryptocurrency market is slowly recovering today, following a slow start to the week. After losing more than 3% of its value on Monday, the crypto market