The regulatory crackdown was highly anticipated based on the recent White House report to Congress, which called crypto volatile for investment.
MicroStrategy has bought over 6,000 more Bitcoin after fully satisfying its sizable Silvergate debt obligations.
It is expected that Dwpbank’s move will put pressure on other German banks and financial institutions in the country.
About 80% of all cross-border payments from African banks are processed offshore.
Amid rising global inflation and fear of a worldwide banking crisis, the demand for risky assets, including Bitcoin, has significantly spiked in the recent past.
Thursday’s price pump in crypto comes following a rally in US equities as markets choose to look beyond the Fed rate hikes.
Mike McGlone anticipates a Bitcoin Supercycle due to the asset’s raving performance despite economic circumstances.
Some crypto industry insiders believe that BTC price can surge to its previous all-time high of $69,000 and even beyond to $100,000.
Fed’s fight over inflation continues and they have shown determination to bring it under the 2% target. Bitcoin has entered a mild correction along with US equities.
The technical chart for Bitcoin shows a bullish signal hinting that the BTC price can extend further rally all the way to $35,000.
An interest from BlackRock and Fidelity in BTC and ETH could trigger more assurance among traders.
The ATM maker shuttered its cloud services to limit further compromise of sensitive user information.
Bitcoin is still on a roll, briefly surpassing $28K for the first time in a while, and is up 20.8% for March.
As the country recuperates from the Covid-19 devastations, the crypto industry led by Bitcoin and stablecoins is expected to play a crucial role in uplifting the economic status of Venezuelan residents.
According to the data shared by Goldman Sachs, Bitcoin has gained as much as 51% in year-to-date absolute returns.