Bitcoin price settled below the USD 18,000 resistance level. BTC extended its decline below the USD 17,500 support, but the bulls remained active above USD 17,350. The price is currently (12:45 UTC) trading well above USD 17,500, but it is facing hurdles near USD 17,850 and USD 18,000. Similarly, there were range moves in most […]
Source: iStock/pawel.gaul Not content with its plans to use bitcoin (BTC), altcoins and its own state-issued petro (PTR) coin in international trade deals, the Nicolás Maduro-fronted government of Venezuela now appears ready to take the plunge into the world of DeFi. Well, sort of. The Venezuelan National Superintendency of Securities (known locally as SUNAVAL), the […]
Source: iStock/beijingstory In his remarks to the 5th Fintech Bund Summit in Shanghai this weekend, head of the international department of the China Banking and Insurance Regulatory Commission, Fan Wenzhong, said that “We all think blockchain is an innovation with significant meaning – correct. But we shouldn’t mythologize blockchain.” According to Hong Kong-based newspaper South […]
Source: iStock/okskukuruza Worldwide spending on blockchain solutions could reach USD 11.7 billion in 2022, a new research from the International Data Corporation (IDC) showed. Worldwide blockchain spending is expected to be USD 1.5 billion in 2018, double the amount spent in 2017. The spending expected in 2022 is on course with the IDC’s previous Worldwide […]
Yesterday, we discussed about a possible downside extension in bitcoin price below USD 3,600. BTC/USD did move down, broke the USD 3,600 support, but it found a strong buying interest near the USD 3,580 and USD 3,575 support levels. As a result, the price rebounded and climbed back above the USD 3,600 level. Similarly, there […]