Bitcoin price rallies above $97K as institutional and retail traders’ appetites shrink

Cryptocurrency exchange Bitfinex and crypto store Bitrefill partnered to allow the trading platform’s clients to shop with Bitcoin (BTC) over the Lightning Network.According to a press release published on Dec. 4, Bitfinex users can instantly pay for a variety of services with Bitcoin that they hold on the exchange as of today.A Lightning B2B settlement…

According to Fireblocks policy chief Dea Markova, more countries are pushing for alternatives to US dollar stablecoins: “It’s all about sovereignty.” Governments outside the US, including Singapore, are increasingly interested in stablecoins not tied to the US dollar, despite their currently limited liquidity, Fireblocks director of policy Dea Markova told Cointelegraph at Token2049. In an

Speaking during a conference call about the firm’s Q2 results, United Wholesale Mortgage CEO Mat Ishbia outlined plans to accept crypto payments this year. 794 Total views 4 Total shares United Wholesale Mortgage (UWM), the second-largest U.S.-based mortgage lender is planning to accept cryptocurrency payments this year starting with Bitcoin (BTC).UWM CEO Mat Ishbia revealed…

Support at $36,000 may also be temporary, one trader warns, after a major Binance buy wall is obliterated. 2405 Total views 4 Total shares Bitcoin (BTC) broke below $37,000 during trading on June 18 in the latest short-term bearish sign for hodlers.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBuyers no match for BTC bearsData from Cointelegraph…

While the crypto community eagerly awaits the possible approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, some analysts are warning this could potentially trigger unwanted consequences for cryptocurrency exchanges.Several industry observers have predicted that a spot BTC ETF could start trading in early 2024, in an event that, when paired

There’s no denying that the Indian government shares a contentious relationship with cryptocurrencies, as was made clear recently when the government indicated that it plans on banning all private cryptocurrencies — a list that could potentially include just about every digital asset in the market today — after it had previously lifted all such restrictions…

China's central bank aims to challenge the global financial status quo. 513 Total views 19 Total shares The People’s Bank of China is placing a strong emphasis on the geopolitical stakes of the country’s central bank digital currency development.An article published in the PBoC-run magazine China Finance this weekend argued that Beijing should “accelerate the…

The traditional film industry is one of the most centralized and traditional of them all. Just a handful of movie studios and streaming conglomerates control the lion’s share of the global film market. But nonfungible tokens (NFTs) and a growing crypto-centric community of enthusiastic filmmakers might just disrupt the industry. Some independent projects offer a glimpse into…