Bitcoin, Ether Down as China's Central Bank Declares All Cryptocurrency Transactions Illegal; Can China Really Ban Crypto?
Bitcoin is trending lower after China's central bank declared all cryptocurrency-related business illegal, but how concerned should we be about China's crypto crackdown? Rayne Steinberg, CEO of crypto investment firm Arca, says it's primarily retail investors selling, and major institutions are not buying into this. "This really shows a diminishing power of China over the market and also a maturation of crypto and bitcoin," Steinberg said. Plus, insights into Arca's new partnership with Securitize to launch tokenized financial products.
Bitcoin Startup Moon Raises $2.1M to Enter New Markets
The startup enables crypto payments for e-commerce sites.
Bitcoin Drops $2K as China Declares Cryptocurrency-Related Business Illegal
Bitcoin erased Thursday’s 3% gain as PBOC stepped up its crackdown on crypto
Bitcoin Likely to Rally After September Options Expiry: Deribit Poll
Bitcoin options contracts worth $3.3 billion are set to expire today.
Market Wrap: Bitcoin Rises Even as Indicator Shows Extreme Bearish Sentiment
Some traders buy on the dip as BTC appears oversold; altcoins outperform.
Bitcoin.org Website Inaccessible After Being Hacked by Apparent Giveaway Scam
The site could not be opened as of 05:44 UTC Thursday, after falling victim earlier in the day to an attack claiming it would double funds sent to it.
Bitcoin Recovering, Faces Short-Term Resistance Near $46K
Upside appears to be limited as the largest cryptocurrency trades at $43,700.
Is Today’s Rise in Bitcoin a Dead Cat Bounce?
Bitcoin (BTC) is recovering above its $40,000-$42,000 support zone after oversold signals appeared on the charts, but is this temporary? Martha Reyes-Hulme, Head of Research at crypto exchange and digital assets primer broker Bequant, discusses her crypto markets analysis and outlook, examining bitcoin’s correlation to the S&P 500 index and USD.
Bitcoin Recovering, Faces Short-Term Resistance Near $46K
Bitcoin is recovering above its $40,000-$42,000 support zone with initial resistance seen at around $46,000 after global macro fears sent worldwide equities and crypto markets tanking Tuesday. Still, some suggest it's too early to call bitcoin's bottom. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Is the Dollar Doomed?
In this excerpt from “The Future of Money,” author Eswar Prasad examines the forces – the rise of bitcoin and stablecoins and foreign currency competition – threatening the dollar’s perch as the world’s reserve currency.
