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Tag: BTC

 

    India Pursues Complete Ban on Digital Currencies

    Cryptocurrencies and the blockchain technologies that support them are at the forefront of remittance-industry innovations, but these are under attack in India, where a complete crypto ban will be proposed in May.

    Bitcoin More Popular Than Visa, MasterCard for Large Payments; Recent Price Surge Only the Beginning (DataLight)

    Research has highlighted the popularity of bitcoin for large payments, including those across borders. By transaction volume, bitcoin has nearly caught up with Mastercard and may in future overtake the market leader, Visa. In the markets, bitcoin’s sudden surge earlier this week is yet to be explained.

    Cryptocurrencies Soar: Litecoin Gains 30 Percent

    Cryptocurrencies exploded on Friday for reasons not fully understood by analysts. Litecoin was among the day’s stars, gaining 30 percent. Brokers, though, remain skeptical about the rally’s sustainability.

    Canada’s Largest Crypto Exchange Files for Bankruptcy

    Canada’s largest crypto exchange, QuadrigaCX, has filed for bankruptcy. Additional bad news for the crypto industry was hardly needed given cryptocurrency prices 80 percent below 2018 peaks. Price predictions are now “pointless,” one analyst says.

    USD Nears Peak; Oil Rebound to Send CAD Higher, INR to Record Low

    For the US dollar, analysts are predicting significant weakness in 2019. In contrast, the Canadian dollar will likely strengthen amid an energy market rebound, but under the same conditions the Indian rupee will slide to a record low. Cryptocurrencies, meanwhile, are trading higher but fail to inspire confidence.

    Where Goes Bitcoin in 2019?

    2018 was the year that the bitcoin dream came crashing down. The bubble that many had suspected was building in 2017 was realised and the most well-known of digital currencies lost 80 percent of its value. For 2019, prices might sink as low as $1,500, experts say, but might rally in the second half of the year.

    Canadian Dollar the Star After Canada Adds 94k Jobs; Expect Bitcoin at $1,500

    canadian-flag-Canadian-dollar-news-best-exchange-rates

    The Canadian dollar made widespread gains on Friday after Canada announced its largest increase in employment in 6 years. Meanwhile, the Australian dollar fell for a fifth day and cryptocurrencies continue downwards. In the absence of more robust earnings growth, traders shouldn’t expect much from the US dollar, CIBC has said.

    More Good News for Aussie, Kiwi; Not So Great for Bitcoin

    The Australian and New Zealand dollar currencies gapped higher on Monday after the US and China agreed this weekend to suspend new tariffs on goods worth several hundred billion dollars. Meanwhile, bitcoin sank back below $4,000.

    Analysts Agree, Bitcoin to Fall Much Further from Here

    Bitcoin is on its knees, and rather than suggesting, as they once did, massive “high value” buying opportunities, analysts as a collective are becoming increasingly bearish on bitcoin’s future and on non-government-supported digital currencies as a whole.

    Australian Dollar Threatens $0.73; Pound Plunges as Brexit Secretary Resigns

    Australian dollar, British pound news and forecast Brexit Dominic Raab

    The Australian dollar is benefitting from disarray in Europe and upbeat employment data. The day’s biggest news comes from Europe, though, where the British pound suffered one of its largest intraday declines in recent years following the resignation of the UK’s chief Brexit negotiator.

    Investors Dump Cryptocurrencies; Bitcoin Falls $800 to 1-Year Low

    Bitcoin's near-$800 decline on Wednesday might not have raised an eyelid six months ago, but in what has become a lifeless market of late, the fall is alarming.

    Australian Dollar Steady Despite Risk Aversion, Sterling to Get Wild and Bitcoin Makes Its Move

    This week’s flight from risky assets, evident from massive losses in equities, has yet to affect the risk-sensitive Australian dollar. The yen is firmer though, bitcoin has finally broken lower and options traders are paying up for protection against future sterling volatility.

    Crypto Industry on the “Brink of Implosion,” Researchers Say

    As measures of crypto volatility reached long-term lows on Tuesday, a new study from UK-based researchers was released suggesting the future is bleak for bitcoin and the broader crypto industry.

    Bitcoin Ready for Massive Move but Which Way?

    The market for bitcoin is becoming more and more compressed. Bitcoin has been squeezed ever-tighter for much of this year and this stored energy will surely be released at some stage, manifesting in a violent lurch in one direction, up or down. But which way are we heading?

    Relief in Emerging Market FX After Turkey Raises Interest Rates

    There was widespread relief among emerging market investors on Thursday after the Turkish central bank finally raised interest rates to protect the embattled lira. Elsewhere, the dollar lost value for a fourth consecutive day and ethereum stabilized after a ten-day fall.

    Bitcoin Bloodbath After Goldman Sachs Scraps Plans for Crypto Trading Desk

    The world’s largest cryptocurrency, bitcoin, has lost 15 percent of its value since Wednesday morning. The crypto bloodbath has also taken 25 percent off ethereum. Dramatic declines began after reports indicated that Goldman Sachs is to scrap plans for a crypto trading desk.

    Bitcoin to End 2018 “Explosively” on Emerging Market Recovery

    Bitcoin is finally back above $7,000 and it might now end the year “explosively higher” according to one expert.

    Thai Baht at 5-Month High After Dollar Stumbles on Trump Remarks

    The US dollar continues to fall from long-term highs. Tuesday marked the fourth consecutive trading day of declines for the Dollar Index, which traded at a fourteen-month high of 97.0 last week. Approaching the end of Tuesday’s European session, the index had slumped into the 95.40s. The dollar was affected for the worse on Monday […]

    Buy Bitcoin on Strength, Says Yale Study

    Friday saw bitcoin once again threaten major support at $6,000. According to new research from Yale University, those wanting to get their hands on bitcoin could do a lot worse than waiting for the market to reapproach $7,200.

    Yen Is Star Performer, Yuan Devalued and Bitcoin Finds a Bottom

    The Japanese yen has been the star performer of recent days and by Monday afternoon in London it was once again trading higher against most of the world’s currencies. When last seen, USD/JPY stood at 111.

    Yuan and Australian Dollar Hit by Latest Round of US Tariffs

    Traders offloaded Chinese yuan and Australian dollars on Wednesday after the US government said it would introduce 10 percent tariffs on a further $200 billion worth of Chinese goods.

    Bitcoin Loses Its Sparkle and Mexican Peso at 15-Month Low

    Bitcoin, it would seem, has lost its sparkle. CNBC are reporting that Google searches for “bitcoin” have fallen 75 percent since January – a statistic suggestive not only of a lack of interest in the world’s largest cryptocurrency, but also of a lack of new buyers. At $7,700, bitcoin is trading at a 55 percent […]


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