95ab616d7ed3755e887c0c8abd77dfdd0fef68b0 Big Crypto

Bitcoin Approaching $22K, Market Gets New Reason to Celebrate?

Oct 1, 2022

Bitcoin has gained $500 in the past hour as the U.S. potentially confirms what could be a short-lived peak in inflation metrics. The U.S. Central Bank, and the Federal Reserve (Fed), will hold an important event today, and the crypto market might see a bullish continuation. Related Reading: TA: Ethereum Loses Steam, Why 100 SMA Is The Key For More Gains At the time of writing, Bitcoin (BTC) trades at $21,800 with a 1% profit in the last 24 hours and a 6% loss in the past 7 days. The cryptocurren ...read more

While Almost 80% of Russians Know Crypto, Only 6% Understand It Well, Survey Finds

Oct 1, 2022

The overwhelming majority of Russians in big cities are well aware of the term cryptocurrency but those with a good understanding of the topic are quite a small proportion, a new poll has indicated. Experts say that currency restrictions imposed earlier this year are helping growth in interest and adoption. A Third of Russians Ready to Buy Crypto Assets Within Months Just 6% of Russian internet users understand cryptocurrencies relatively well, although 80% have heard about them. The find ...read more

Siam Commercial Bank Scraps $500M Acquisition Deal of Crypto Exchange Bitkub

Oct 1, 2022

Thailand’s oldest lender, Siam Commercial Bank (SCB) has abandoned the deal to acquire a controlling stake in Bitkub Online, the country’s largest cryptocurrency exchange. In a statement issued on Thursday, the bank cited unresolved regulatory issues on the part of the crypto exchanges behind its move.“Bitkub is currently in the process of resolving various issues as per the recommendations and orders of the Securities and Exchange Commission, which are uncertain in terms of time frame in ...read more

China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses

Oct 1, 2022

Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will be able to purchase their tickets using the state-issued digital currency. Residents and Visitors of Another 2 Chinese Cities to Pay Transit Fares With Digital Yuan Ningbo Rail Transit, the operator of the subway system in the city of Ningbo in the eastern Chinese province of Zhejiang, has laun ...read more

Singapore’s MAS Seeks Information on Crypto Business Activities

Oct 1, 2022

The Monetary Authority of Singapore (MAS) has sent an array of questionnaires to cryptocurrency exchanges operating in the city-state asking for granular details about their business activities.According to a Bloomberg report on Friday, the regulator is seeking information on top tokens owned by the exchanges, top counterparties for lending and borrowing, and the loaned amount. Additionally, the regulator is seeking information on top tokens staked via decentralized-finance protocols.The regulat ...read more

South African Cryptocurrency Ownership Rate at 10% — Report

Oct 1, 2022

With a cryptocurrency ownership rate of 10%, or four million people, South Africa “ranks 18th out of 26 countries for crypto adoption,” the latest Finder’s report has said. The report also noted that South Africa’s proportion of crypto owners holding bitcoin, 52%, is the third highest out of 26 countries. Just Over Half Own BTC According to Finder’s crypto adoption trends report for August 2022, about four million people, or 10% of South Africans, are cryptocurrency holders. Wit ...read more

Bitcoin Price Decline Pushes Argo Blockchain’s H1 Revenue Down by 14%

Oct 1, 2022

London-listed Argo Blockchain (LON: ARB; NASDAQ: ARBK), a commercial cryptocurrency mining company, generated £26.7 million ($32.5 million) in revenue in the first six months of 2022. It was a 14 percent decline year-over-year, primarily due to the decrease in Bitcoin prices.However, the company mined 939 “Bitcoin or Bitcoin Equivalent” in H1 2022, which is 6 percent higher than the same period in the previous year. It held 1,953 Bitcoins by the end of June, which is a jump of 54 percent ye ...read more

Does Bitcoin Price Show Signs Of Reversal After Trading Laterally?

Oct 1, 2022

Bitcoin price noted a sharp decline after the bulls were rejected at the $24,000 price mark a few days ago. Over the past week, the coin depreciated 7.6%. In the last 24 hours, Bitcoin price barely noted any movement. This indicated that the coin was trading within a consolidated price range. The bulls are trying to re-enter the market but selling strength continues to increase. The coin however has managed to keep the price above the $21,000 support level. The technical outlook for Bitcoin has ...read more

Philippine Lawmakers, Central Bank, SEC Discuss Crypto Regulation in Senate Hearing

Oct 1, 2022

The central bank and the Securities and Exchange Commission (SEC) of the Philippines discussed crypto regulation in a Senate hearing with the participation of several executives from the crypto industry, including from crypto exchange Binance. Philippine Regulators Discuss Crypto Policies Philippine regulators recently discussed cryptocurrency regulation with some executives from the crypto industry in a Senate Committee on Banks, Financial Institutions, and Currencies hearing, chaired by ...read more

TA: Ethereum Loses Steam, Why 100 SMA Is The Key For More Gains

Oct 1, 2022

Ethereum was able to clear the $1,700 resistance against the US Dollar. ETH failed to stay above $1,700 and is currently struggling to continue higher. Ethereum was able to slowly move higher above $1,650 and $1,700. The price is now trading above $1,655 and the 100 hourly simple moving average. There is a crucial rising channel forming with support near $1,670 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $1,655 support zone. ...read more