Key Bitcoin Takeaways A South Korean media outlet reported that Morgan Stanley plans to acquire Bithumb, a local bitcoin exchange. The news surfaced two days after the American banking giant decided to offer three Bitcoin funds to its rich clients via its traditional investment platform. Bitcoin recently surged above $61,000 on higher institutional demand, up…
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OKExChain, the world’s first trading chain created by renowned crypto derivatives exchange and trading platform OKEx has partnered with Cosmostation to provide a secure staking environment to its community. The latest partnership is among many OKExChain has entered as the ecosystem continues to register rapid growth. The expansion of OKExChain is supported by many partners…
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Cardano’s price gained over 25% this week and it broke the key $1.200 resistance zone. ADA is likely to continue higher above the $1.300 and $1.400 resistance levels. ADA is showing a lot of positive signs above the $1.200 pivot level against the US dollar. The price is trading nicely above $1.2000 and the 100…
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Ethereum failed to clear the $1,850 resistance and corrected lower against the US Dollar. ETH price is still holding the key $1,710 support and it seems to be trading in a range. Ethereum is moving in a range below the $1,850 resistance and above the $1,710 support. The price is now above the $1,710 support,…
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Bitcoin price started a downside correction from the $60,000 resistance against the US Dollar. BTC is now approaching a major support zone near $56,200 and $56,000. Bitcoin formed a short-term top near $60,000 and started a downside correction. The price is now trading near the $57,000 support and the 100 hourly simple moving average. There…
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Bitcoin and other crypto assets are in a bull market, and anyone who bought in during 2020 is in some serious profit for the tax year. Lucky for them, however, is that the IRS has extended the tax filing deadline in the United States, giving investors a bit more time to get their statements reconciled,…
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According to a report by Reuters, the Pakistani government will launch a pilot program to build Bitcoin and other cryptocurrencies mining farms. Power by two hydroelectric sources and based on the province of Khyber Pakhtunkhwa, the national program seeks to obtain revenues from the current rally in the crypto market. The advisor to the provincial…
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OpenSea’s CEO, Devin Finzer, announced a successful funding round. Led by investment first a16z, with participation from Mark Cuban, Naval Ravikant, Tim Ferris, 3LAU, Standard Crypto, and others, the Non-fungible token (NFT) marketplace raised $23 million. The platform was founded in 2017 under the prospect of building a new internet economy. OpenSea has been at…
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The soaring interest surrounding crypto assets like Bitcoin, Ethereum, and other altcoins, is highly centralized in the United States compared to the rest of the world. However, a new study shows that India ranks second, behind only the US in terms of overall interest in digital currencies. What’s notable about this new finding, is that…
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Anthony Scaramucci predicted Bitcoin’s price will absorb some of the increase in dollar volume. In an interview for CNBC’s Squawk Box program, the Skybridge Capital founder said the stimulus package passed by the administration will be good for BTC holders. Every time we do this, it’s very, very good for the people who own the…
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