Category Archives: News

Bitcoin Rebounds to $50,000 in Asian Trading after Elon Musk Tweet

Elon Musk Tweet

Bitcoin descended back to about $50,000 in Asian exchanging on Thursday subsequent to plunging as much as 17% after Elon Musk tweeted Tesla Inc. had quit tolerating bitcoin to buy its vehicles because of environmental concerns. The cost of the world’s biggest digital money dropped from around $54,819 to $45,700, its lowest since March 1, in just shy of two […]

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Singapore’s DBS Declares Immense Crypto Trading Growth

DBS Crypto Trading

A main monetary administration group  settled in Singapore, DBS, discussed the presentation of its crypto trade during the media preparation for its first-quarter income results a week ago. DBS works across 18 business sectors. The bank dispatched a digital exchange in December a year ago. DBS Bank CEO Piyush Gupta clarified, “Our digital exchange capabilities are much like Coinbase.” He […]

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South Korean Gaming Giant Nexon Buys $100m in Crypto

Nexon

Organizations in Asia are starting to wager on cryptographic forms of money, with South Korean gaming giant Nexon following the lead of organizations, for example, Tesla and advanced installments expert Square, with a $100 million allotment into bitcoin. On April 28, Nexon said that it has moved a piece of its money into the digital currency, buying 1,717 bitcoins at […]

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China, South Korea, and Japan Seen as Drivers of the Crypto Market

China Korea Japan Crypto

When Beijing threatens to close digital currency trades and boycott Bitcoin buys, costs tank. For Bitcoin legends, where an individual (or people) pseudonymously named Satoshi Nakamoto, a Japanese name, the betting societies of China, combined with the Asian financial forces, proposes these three nations house the absolute best crypto financial backers around. China’s taking its money computerized, in front of […]

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Bitcoin Price Suffers Hefty Losses for the First-Time in Months

Bitcoin Price Loss

Bitcoin and other cryptographic forms of money endured heavy misfortunes last week on the worry that US President Joe Biden’s arrangement to raise capital increases assessments will check interest in advanced resources. The selloff came after reports that the Biden organization is arranging a pile of proposed changes to the US charge code, including an arrangement to almost twofold duties […]

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China Downgrades Bitcoin into ‘Investment Alternative’

China Investment Alternative

As indicated by the Cambridge Bitcoin Energy Consumption Index, or CBECI, Xinjiang addresses almost one-fourth of the worldwide hash rate. China’s national bank is presently calling bitcoin an “investment alternative” — denoting a critical change in Beijing’s tone after a crackdown on cryptographic money issuance and exchanging almost four years prior. Industry insiders called the remarks “reformist” and are observing […]

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Asian Institutional Investment Expected to Grow Despite Bitcoin Price Struggle

Asian Institutional Investment

Purchasers are losing strength as potential gain force eases back. The general strength list (RSI) on the hourly graph enrolled lower highs in spite of the breakout above $61,000. Overbought signals on the RSI regularly bring about brief pullbacks like the 5% drop in BTC back on March 10. The new record-breaking high around $64,800 is currently obstruction; purchasers should […]

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Coinbase Soars in Market Value as Bitcoin Price Reach $64K High

Coinbase High

Coinbase made a stirring introduction on Wall Street on Wednesday (Apr 14), with shares  of the advanced cash trade ascending as high as US$429, momentarily giving it a market esteem over US$100 billion. Coinbase Global’s first sale of stock occurred with digital currency gab apparently all over the place, even at the US Federal Reserve. Advanced monetary forms are being […]

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Crypto-friendly Singapore Warns Public on Risks of Buying Crypto

Singapore Crypto

The Singapore government is presently cautioning the general population to practice risk alert when exchanging digital forms of money, an action that has gotten progressively famous in the city-state just as internationally. The complete market estimation of cryptographic forms of money crossed US$2 trillion interestingly this week.  “Cryptocurrencies can be highly volatile, as their value is typically not related to […]

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Chinese Online Lottery Company 500.com Acquires Bitcoin Miner Maker for $100M

500 com Bee Computing

Chinese online lottery organization 500.com has absorbed Bee Computing, a Hong Kong-enrolled producer of bitcoin mining machines, for $100 million, as indicated by a documentation with the U.S. Protections and Exchange Commission.  500.com, which changed its name to BIT Mining Limited in March, has been discreetly moving its concentration from its striving on the web lottery business to bitcoin mining […]

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