Bitcoin recovers from a $31K low as Bank of America approves BTC futures trading
Fresh data underscored the importance of current market levels as Bitcoin (BTC) bounced off $31,000 support on July 16. There has been no movement on the Bitcoin markets as sideways trade has continued and a strong bear trend has yet to establish itself convincingly. Is there no trip to $42,000? According to data from Cointelegraph […]
CEO of DoubleLine predicts a substantial decline in the value of the US Dollar
Jeffrey Gundlach, the CEO of DoubleLine estimates the decline in the value of US Dollar to be $23k. In the long run, Jeffrey Gundlach, the CEO of investment management firm DoubleLine, suggested that Bitcoin could have more positive activity than the U.S. dollar. Gundlach stated in a Wednesday interview with CNBC’s Halftime Report that he […]
Bit Digital to Transfer 14,500 Bitcoin Miners From China to the United States
Bit Digital claims that following China’s decision to prohibit bitcoin mining, the company “accelerated” its relocation to North America. Following China’s recent ban on bitcoin mining, the company Bit Digital (Nasdaq: BTBT) announced on July 13 that it was relocating 14,500 bitcoin miners to the United States. The migration data comes from the firm’s unaudited […]
Poland, Romania Ranks Among Leading Crypto ATMs
Poland and Romania are among the top 10 countries hosting the most cryptocurrency ATMs in the world. Poland has the highest number of ATMs for the first time ever, according to a new report by the Federal Trade Commission. Over the last few months, the global number of Automated teller machines ( ATMs) accepting crypto […]
Fed Chair Jerome Powell believes there is no need for cryptocurrencies
Federal Reserve Chairman Jerome Powell in a statement said, ‘You wouldn’t need cryptocurrencies if you had a digital US currency’ “I think that’s one of the stronger arguments in its favour,” he said. Moreover, the Fed chairman maintains that the US is not in risk of losing its status as the world’s reserve currency. Federal […]