Bitcoin rose to its highest level in six weeks on Wednesday, as the U.S. Dollar continued to weaken versus several G7 currencies. The latest decline in USD comes as consumer confidence in the United States fell by more than expected in October. Ethereum was also trading at a multi-week high in today’s session Bitcoin Bitcoin (BTC) was back above $20,000…
The latest earnings call from Google’s parent company, Alphabet, highlighted decreased search advertising spending from financial services and cryptocurrency subcategories. Alphabet released its earnings report for Q3 on Oct. 25, outlining a 6% increase in revenue totaling $69.1 billion in comparison to Q3 last year. Revenues were down slightly from Q2 2022, dropping from $69.7 billion. However the breakdown of…
A recent poll completed by the Public Opinion University Institute, part of the Simeon Canas Centroamerican University, has found that El Salvador is still not attracted by the idea of bitcoin as legal tender. The poll results indicate that almost two-thirds of the population has a negative impression of bitcoin, with only a quarter of Salvadorans having used the cryptocurrency.…
Chances for the famous “Uptober” meme to live up to its promise are suddenly alive again as crypto markets rebounded in the past 24 hours, with Bitcoin (BTC) and Ethereum (ETH)—the industry’s two largest digital assets—leading the resurgence. October has historically been positive for the leading cryptocurrency, with monthly gains recorded ten times out of the last 13 years, according…
Singapore’s financial watchdog has proposed restrictions on the use of credit or leverage when trading cryptocurrencies. The rules would stop any crypto firms from extending credit or leverage to retail customers and would prevent them from accepting payments via credit cards. These rules would not apply to institutional investors. The proposals put forth by the Monetary Authority of Singapore (MAS)…
The United Kingdom moved forward on the Financial Services and Markets Bill on Oct. 25, hardening its vision for Bitcoin (BTC) cryptocurrency and “digital settlement assets” in the country. The Bill, proposed on Oct. 18, suggested would propose “A range of measures to maintain and enhance the U.K.’s position as a global leader in financial services, ensuring the sector continues…
The Monetary Authority of Singapore (MAS) is introducing proposals to better regulate the cryptocurrency industry in the aftermath of the bankruptcy of the Singaporean crypto hedge fund Three Arrows Capital (3AC). The central bank of Singapore has issued two consultation papers on proposals for regulating the operations of digital payment token service providers (DPTSP) and stablecoin issuers under the Payment…
Bored Apes are coming to Zug. SEBA bank, a crypto-friendly bank based in Switzerland, has added an NFT custody solution that gives customers the ability to hold well-known NFTs without managing private keys themselves. The group will enable clients to store any Ethereum-based non-fungible tokens (NFTs), which includes popular collections like Bored Apes and CryptoPunks. “SEBA Bank is proud to…
Microsoft, the software and computing behemoth, is seeking to adapt part of its software service stack to the metaverse. Ihsan Anabtawi, CMO of Microsoft UAE, declared that the company was working to make its cloud division compatible with metaverse experiences, and to allow companies to use the data obtained as resources for their specific applications. Microsoft Preparing for the Metaverse…
Bitcoin (BTC) saw its highest levels since mid-September on Oct. 26 as BTC/USD approached the pivotal $21,000 mark. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bears lose big as Bitcoin climbs Data from Cointelegraph Markets Pro and TradingView showed the pair tackling $20,700 at the time of writing, up over 7% in 24 hours. What began as an assault on…
