Kazakhstan’s central bank has revealed plans to allocate up to $350 million of its gold and foreign exchange reserves to investments related to cryptocurrencies and digital assets. The bank’s governor, Timur Suleimanov, said the institution was developing a list of acceptable investments, which would extend beyond direct holdings of cryptocurrencies, according to a Reuters report […]
By Francisco Rodrigues (All times ET unless otherwise noted) Cryptocurrency prices are falling as some holders look to take advantage of the midweek rebound to $74,000, while others prefer less risky assets as the war in the Middle East intensifies. Bitcoin BTC$70 109.57 has lost 3.7% in the past 24 hours, holding just above $70,000,
Crypto markets demonstrated their fragility on Friday, with bitcoin BTC$70,601.67 trading just above a psychological support level at $70,000. The largest cryptocurrency surpassed that level on Wednesday, hitting $74,000 before failing to capitalize on a lower liquidity zone above and falling back alongside U.S. stocks. The escalation of war in the Middle East has pushed
Bitcoin Fails to Maintain Momentum as Rate Hikes Promise: Crypto Markets Today Read More »
The Bank of Canada said it conducted an experiment testing how tokenized bonds can circulate in financial markets in collaboration with a group of the country’s largest lenders. Export Development Canada issued a C$100 million ($73 million) security with a maturity of less than three months, which was sold to a closed group of investors.
Bank of Canada conducts token bond test with RBC and TD using distributed ledger Read More »
Bitcoin is poised to fall below $70,000 for the first time since Wednesday, after climbing as high as $74,000 earlier this week. The decline reflects greater risk aversion in markets as investors position themselves ahead of key U.S. macroeconomic data and the war in Iran. For now, attention is focused on the US jobs report
Bitcoin (BTC) Price Falls to $70,000 as Iran War Drives Oil Prices Up Read More »
Dubai’s digital assets regulator said cryptocurrency exchange KuCoin was operating without necessary regulatory approvals and licenses and must stop serving customers in the region. “Kucoin does not hold any license to provide virtual asset services in/from Dubai. Any virtual asset-related activity announced or conducted by this company is therefore in violation of VARA regulations,” the
Vara asks cryptocurrency exchange KuCoin to stop operations in Dubai Read More »
Vancouver Mayor Ken Sim’s plan to invest city reserves in bitcoin BTC$70,614.48 is not permitted under the Vancouver Charter and B.C.’s Municipal Finance Authority Act, a staff report says. The backgrounder released ahead of the council’s March meeting recommends closing a 2024 motion to make Vancouver a “Bitcoin-friendly city,” after staff determined the plan violated
Vancouver Mayor Ken Sim’s BTC Reserves Proposal Blocked by City and Provincial Law Read More »
Bitcoin hit $74,000 and lacked further buying pressure. The largest cryptocurrency returned to $70,987 at midday East Asian time, down 2.2% in the past 24 hours after Thursday’s rise took it to its highest level since early February. The rise from Saturday’s war-driven low near $64,000 to Thursday’s high of $74,000 was about 15% in
What’s next for BTC as it slips below $71,000 Read More »
The cryptocurrency crowd has abandoned altcoins. And that is perhaps what makes them most optimistic at the moment. Santiment’s social volume tracking shows that weekly mentions of “altseason” on social media have fallen to an all-time low, the lowest figure in at least two years. The term is essentially an indicator of retailer greed and
Altseason talks collapse as dogecoin correlation hints at rebound Read More »
Bitcoin BTC$70,442.81 and global stock markets stabilized after a selloff earlier this week and a surge in oil prices triggered by the outbreak of military conflict between the United States, Israel and Iran. Bond markets are moving cautiously, however, as rising yields signal renewed inflation concerns and fewer bets on a Fed rate cut. BTC,
BTC and stocks are stabilizing. The bond market is not convinced Read More »
