$97 million flowed out of digital asset funds in the week through April 15. Crypto funds had a second straight week of outflows as bitcoin became more sensitive to interest rates and investors adjust to the the Federal Reserve’s hawkish turn, CoinShares reported Tuesday. Across the industry, crypto funds had $97 million in net outflows in the seven days through Apr. …
Bitcoin back to Positive Territory For The Year pushed it past a key level of $45,000. The token soared as high as $47,583 in early Hong Kong trade, far above the $35,000-to-$45,000 area where it’s been trapped since early January. With the recent gains. Bitcoin is currently up roughly 1.2 percent for the year, compared with a 4.7 percent fall …
EU Crypto Law, EU Crypto Law, Next 24 Hours Could be Crucial as Officials Debate Emissions, DeFi, NFTs. Lawmakers will make a final call on banning Bitcoin-style validation and consider how to treat decentralized finance. The next 24 hours could prove crucial in determining how the European Union (EU) will regulate cryptocurrencies. As the European Parliament moves towards finalizing its position …
Malaysia Rules Out Adopting Cryptocurrency as Legal Tender. Malaysia has no intention of recognizing cryptocurrencies as legal tender, Deputy Finance Minister I Mohd Shahar Abdullah said in parliament on Thursday. “Cryptocurrencies like Bitcoin are not suitable for use as a payment instrument due to various limitations,” which include price swings and exposure to cyber threats, he said. His comments come …
Thailand bans use of cryptocurrencies as a method of payment. BANGKOK (March 23): Thailand will bar the use of cryptocurrencies as a means of payments for goods and services, saying the wider use of digital assets threatens the nation’s financial system and economy. Business operators — including crypto exchanges — must not provide such payment services, and are barred from …
Bitcoin Prediction 2022 Update | The Withdrawal Symptom — March 2022 Update from Trading Cocktail. This is the update from our the early January 2022 prediction which is proved to be a half way correct one so far. We try to put our fundamental compilation and predict where bitcoin will be headed next. We are adding several core fundamental point …
Bitcoin and Environment. Can you love Bitcoin and the environment at the same time? No, you cant. So-called miners, whose high-powered computers work around the clock to execute transactions for the world’s most popular cryptocurrency, are crucial to its success. Environmentalists, governments, and other large energy consumers are alarmed by its rapid growth in energy usage. Billionaire Elon Musk will …
Bitcoin ATMs Banned in U.K. as CBDC Job Ads Go Live, Operators of crypto ATMs have been told to “shut their machines down or face enforcement action” — amid fears that they offer inadequate protections against money laundering. Bitcoin ATMs are set to vanish in the U.K. after the Financial Conduct Authority told operators to “shut their machines down or …
Big Win for BTC: Proposal Limiting Proof-of-Work Is Rejected in EU Parliament. A provision that could have forced proof-of-work cryptocurrencies like bitcoin to shift to more environmentally friendly mechanisms failed to get the votes required. A proposed rule that could have, in effect, banned the popular cryptocurrency bitcoin across the European Union (EU) has been quashed. The European parliament’s economic …
Bitcoin, Ether, Doge See Brief Spike After Musk Says He Isn’t Selling. Bitcoin, which has fallen as much as 2.9% before Musk’s tweet, briefly erased losses before retreating again. Ether was up as much as 2.3% before giving up some gains. Dogecoin’s 3.8% gain over the past hour was the biggest among cryptocurrencies. When it comes to cryptocurrencies, Tesla CEO …
Tradingcocktail Market Update for Forex, Crypto, and Stocks