Bitcoin Falls After China’s Central Bank Declares Crackdown on Crypto Trading

The largest cryptocurrency Bitcoin fell 4.6% to $42,874, while the smaller coins commonly traded alongside Bitcoin also plummeted. Ether is down more than 8% while XRP is down 7%. Bitcoin fell nearly 5% on Friday after China’s central bank announced it would crackdown on cryptocurrency trading and ban currency exchange services to investors in mainland … Read more

Bitcoin is being killed by regulators in countries like India and China

US billionaire Ray Dalio has expressed concern that countries like India and China are holding back the growth of Bitcoin, the world’s top-rated cryptocurrency. In an interview with the media earlier this week, the 72-year-old former co-Chief Investment Officer of Bridgewater Associates, the world’s largest hedge fund, feared global regulators might try to crack down … Read more

Vaneck Requests Bitcoin Futures ETF

Wealth management firm Vaneck has requested for a publicly traded Bitcoin Futures Fund (ETF) after the statements of Gary Gensler to the SEC (Security and Exchange Commission. Vaneck is applying for a Bitcoin future-focused fund called the Bitcoin Futures Strategy ETF. Asset management company Vaneck applied for listing with the SEC on August 10th for … Read more

Can Bitcoin Become Worthless?

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Bitcoin, the original cryptocurrency, has mostly increased in value ever since it entered the financial scene. The current price of around £40,000 in a little over a decade attests to this trajectory. Undoubtedly, it is the biggest cryptocurrency in the world. However, those who have been more than suspicious about Bitcoin’s rise argue that it’s … Read more

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