BTC drops below $40K, Bitcoin influxes to centralized exchanges surge
High Bitcoin inflows to centralized exchanges have prompted predictions of further bearish momentum on social media. Bitcoin inflows to centralized exchanges have surged, prompting bearish speculation the crypto markets could be building up to a violent wash-out. Lex Moskovoski, CIO at Moskovoski Capital, shared data showing that 22,917 BTC was transferred onto centralized exchanges in […]
Nervos Collaborates with CMB International, launch $50M blockchain, DeFi and NFT fund
China’s leading blockchain network to fund startups willing to develop on it. The Nervos Foundation has declared the launch of a fund in partner with CMB International, an entirely claimed auxiliary of China Merchants Bank. The $50 million fund named “InNervation” will be utilized to make early investment in new businesses that are building blockchain-based […]
Bitcoin’s Obstacles Mount Amid China Cryptocurrency Warning
Bitcoin and other major cryptocurrencies slumped after the People’s Bank of China conveyed a statement reiterating that digital tokens can’t be used as a form of payment. The largest token fell as much as 7.3% to $40,139 in Asia on Wednesday, continuing a weeklong slide sparked by Elon Musk’s back-and-forth comments on Tesla Inc.’s holdings […]
$83K Bitcoin price in the cards after data shows BTC whales bought the dip
Two key Bitcoin value measurements signal that whales bought the dip to $42,000, a clue that BTC might be preparing for a new all-time high by mid-June. As Bitcoin (BTC) tried the $43,000 support for the third sequential day, whales purchased the plunge on subordinates trades. While there has been no critical value change, the […]
Reasons behind China calling for digital currency
Although Bitcoin and other cryptocurrencies have deeply captivated financial markets, another perhaps more critical trend is unfolding behind the headlines: China’s digital currency strategy. Chinese digital currency push is driven two key motives. To track financial transactions and manage them more closely, and to weaken the domination of the US dollar in the global financial […]