Cryptocurrency

The U.S. Federal Reserve Board Governor Christopher Waller is against recent moves to explore the establishment of a digital Dollar. Waller acknowledged the growing interest from central banks towards digital currencies but said that he remains skeptical that a digital Dollar would solve any major problem confronting the U.S. payment …

“Remarkable how little headline news there has been on UK economic activity since May.” “Our view is inflation pressures will reduce.” “We don’t see a spike in unemployment when furlough ends.” “Number of unemployed people will be about 250,000 higher than before pandemic.” “Should economy grows as expected, some modest …

Amazon has denied reports that it accepts payments in cryptocurrency and bitcoin. There was news about the company opening jobs on blockchain development, accepting cryptocurrencies as a form of payment. The cryptocurrency rose strongly to the psychologically important level of $40,000, but the company quickly denied this news, dropping Bitcoin …

Amazon has reportedly denied on Monday recent news about a plan to begin accepting Bitcoin as payment by the end of 2021, according to Reuters. Now thought-to-be fake reports by British media regarding Bitcoin acceptance by Amazon led to a huge surge in cryptocurrency to levels not seen in about …

Cryptocurrencies rallied strongly today, with Bitcoin surge during the morning by more than 15%, on news that Amazon may be adding cryptocurrencies as a payment method. Elon Musk tweeted that this is the “big bang.” The e-commerce giant is reportedly hiring experts for blockchain and cryptocurrency payments among the latest …

The price of Ethereum soared Wednesday, July 21, after Tesla and SpaceX CEO Elon Musk said he owns the cryptocurrency at The B Word, an event hosted by the Crypto Council on Innovation. Ethereum, which was already rising on the day, reached its session highs after Musk’s comments. Musk also …

Cryptocurrencies rebounded on Wednesday, recovering from a recent sell-off wave, as Bitcoin restored its level above $30,000. The world’s largest cryptocurrency in terms of market capitalization rose as high as $32,765 earlier today, on the back of improved risk sentiment among investors. Bitcoin is up by about 6.5% trading at …

Data from digital asset management Coinshares showed on Monday that crypto funds and products saw an outflow of capital at the start of the second half of the year, with an atmosphere of caution continuing amid a summer slump in trading. There were net inflows of $4 million from digital …

Research has found that trading volumes on major cryptocurrency platforms fell by more than 40% in June amid regulatory restrictions in China and a lack of volatility was one of the factors affecting the activity. Data from London-based research firm CryptoCompare showed that spot transaction volumes fell 42.7% to $2.7 …

Bitcoin declined on Monday by about 5% to $33,857, erasing most of its recent gains, amid relatively thin trade with the U.S. on a holiday with a long weekend, celebrating Independence Day. The world’s biggest cryptocurrency in terms of market capitalization dropped by 41% during the second quarter (Q2) of …