Kazakhstan’s cryptocurrency miners are reportedly interested in complying with the national government’s regulation and taxation rules. This development comes as the Central Asian nation with a population of about 19 million people witnesses a flourishing virtual currency mining industry due to affordable power and the departure of cryptocurrency miners from
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) It’s been a quiet week for Bitcoin as buyers have calmed down following a brief break above the April 14th all-time high. The fact that the price did not manage to keep above that line is a short-term sign of weakening momentum and should keep buyers on their
The Commonwealth Bank of Australia announced that it would launch cryptocurrency services soon. Customers can access these virtual currency services directly from the existing banking application. We feel enthusiastic about learning this news regarding the Commonwealth Bank of Australia taking the important step of offering cryptocurrency services to its clients.
BTCUSD (Coinbase) Bitcoin had a choppier performance last week, unable to break higher, but also, weakening without breaking below the key $60k area. At the time of writing, the price action is pointing upwards, however, we still believe the token is trading inside a range between $60k and $67k. Until
LocalBitcoins announced the launch of its new mobile application for traders worldwide. This Helsinki, Finland-headquartered peer-to-peer (P2P) cryptocurrency marketplace reportedly released the software in response to the increasing number of mobile traders. We find this latest virtual currency-related news exciting to learn of because it demonstrates a cryptocurrency platform striving
BTCUSD (Coinbase) As expected, Bitcoin managed to reach and even briefly break above the prior all-time on the back of the first ETF trading on the US stock markets. However, once that occurred, the “sell-the-fact” scenario we’ve warned about a week ago started to unfold and Bitcoin weakened impulsively, currently
Bitcoin’s trading price jumped to a record high above US$66,000 for the first time yesterday, October 20. This event happened in the wake of the successful launch of the ProShares Bitcoin Strategy Exchange-Traded Fund (ETF), the inaugural ETF for investors based in the United States. As Bitcoin advocates, we find
BTCUSD (Coinbase) The Bitcoin bull run continues on the back of positive expectations related to an ETF being launched in the USA. Since the event could occur over the next few days, the market is expected to build up momentum, which is why we suspect there could be a retest
British politician Philip Hammond has joined London-based cryptocurrency trading company Copper.co as an adviser. This life peer’s new virtual currency role took immediate effect on Monday. We are interested in sharing this cryptocurrency-related report with our readers. We know Baron Hammond of Runnymede as an early supporter of crypto-assets, including
BTCUSD (Coinbase) Bitcoin continues to march higher and now trades at levels not seen since early May. Once the price broke above the September 7th high located near $52.8k, buyers have gathered momentum and now are on track to threaten the area around the all-time highs. Trading close to $57k,
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