I posted on the tweel from TSLA CEO Elon Musk earlier here: Bitcoin surge on Musk tweet The words of interest:When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future...
Banks to face tough capital requirements for holding Bitcoin and AltcoinsTreatment of stablecoins in-line with assets such as stocks, bondsBanks need to set aside enough capital to cover any losses in Bitcoin in full1,250% risk weight proposed to be applied to bank's exposure to Bitcoin, cryptosThat puts Bitcoin in...
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to...
Bitcoin up nearly 5% on the day currentlyBuyers aren't giving up just yet as the bounce off the swing region around $32,000 starts to look for more upside, helped by the Basel news earlier here.While cryptocurrencies may face the toughest form of capital rules/requirements, the news also lays out...
China's Qinghai province has banned virtual currency mining operations,following on the news that Xinjiang and Inner Mongolia have tightened regulations also. Authorities cited concerns on high energy-consumption, environmental pollution, and also a central government (State Council) directive to maintain financial stability.This is a negative input for BTC (and crypto more generally) but...
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to...
The low for the day reached $31000 so far todayThe IRS Chief Rettig is saying:Congress should provide clear authority requiring large crypto currency transfers to be reported to the IRS.A problem with the ransomeware problems of late is that tracking bitcoin was thought to be impossible to do and that it promoted...
CNBC reportInteractive Brokers is getting into crypto. The huge discount broker has more than 600,000 clients and $130B in customer equity.Just when bitcoin looks like it's going to skid, it gets some good news. ...
Sharpish drop for cryptoIf its of any help Elon Musk is tweeting on shower controls. Of more pertinence, Musk has indicated its over between him and BTC with another tweet (check out the broken heart emoji). Musk has been down on BTC for weeks now: ...
Falling out of love?Cryptocurrencies are not having a good day so far following Elon Musk's cryptic "heartbreak" tweet involving Bitcoin earlier in the day here.Bitcoin is down over 5% just below $37,000 currently but the technicals arguably paint a better picture as to how price action is developing in...