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Category Archives: Law

Moonvember for crypto?

types of cryptocurrencies scaled

Bitcoin (BTC) begins a new week with a race toward all-time highs as bulls save the day — and the week — at the last minute. A week of sideways BTC price action came to an end just in time for the weekly close, with Bitcoin bouncing back to $66,000. It is a classic move […]

Did Elon Musk Sell his $1.1B Worth of Tesla Shares for more Cryptos?

Elon Musk Crypto

Tesla’s CEO hasn’t disclosed yet how he’ll use the funds obtained from the billionaire transaction. Before that sale plan was made public, Musk asked his 62.5 million Twitter followers to vote in an informal poll, telling them their vote would determine the future of his Tesla holdings. The filings reveal that, in fact, he knew some of his shares were slated […]

Visa Executive Comments That The Crypto World Has Been Receiving More Mainstream Consumers

crypto and visa

Visa’s head of crypto sees a “whole new class” of mainstream consumers entering the crypto space due to non-fungible tokens (NFTs). The executive further says: “Crypto is becoming cultural. It’s becoming cool.” Visa’s Executive: ‘Crypto Is Becoming Cultural, It’s Becoming Cool’ Cuy Sheffield, Visa’s head of crypto, talked about cryptocurrency during a panel discussion early […]

Experts are saying that Bitcoin might just hit 90k next week (based on technical analysis)

technical analysis 90k bitcoin scaled

Bitcoin (BTC) is still on to run to $90,000 in the coming weeks after “trapping” leverage traders. In its latest market update on Nov. 12, trading platform Decentrader underscored popular sentiment on BTC price action. Update: High timeframes “remain bullish” Despite losing $4,000 in a single day on Nov. 10 and trending sideways since, Bitcoin is anything […]

New York Coin launching this week, Mayor-Elect Eric Adams gives his blessing

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“We’re glad to welcome you to the global home of Web3!” said crypto-friendly Mayor-elect Eric Adams in response to CityCoins’ roll out of the NYCCoin this week. The NYCCoin is set to launch on Nov. 11 with the community-led proposal endorsed by New York City’s Mayor-elect Eric Adams. The NY-focused cryptocurrency is being launched by […]

Bitcoin has surpassed the total market cap Tesla and Facebook

Bitcoin Stronger Than Tesla And Facebook

Bitcoin’s latest price rebound has elevated the asset’s market capitalization to surpass key players from the traditional finance sector. With a market cap of slightly above $1 trillion, the asset is now valued higher than social media giant Facebook (NASDAQ: FB) whose capitalisation stands at $928 billion. Moreover, Bitcoin’s market cap is also above electric vehicle […]

NYC Mayor Might Just Be Allowing Businesses To Accept Crypto Payments

NYC Crypto scaled

Newly elected New York Metropolis NYC Mayor Eric Adams has revealed on Sunday that he’s “going to have a look at” how you can encourage companies to just accept crypto as a type of fee. This follows after he made headlines every week in the past for saying he’ll be taking his first three paychecks […]

Could BTC Breach $70K This Time?

btc rally 70k

Bitcoin price started a fresh rally above $65,000 against the US Dollar. BTC is showing positive signs and it could rise further towards $70,000. Bitcoin started a fresh increase above the $62,500 and $63,500 resistance levels. The price is now trading above $65,000 and the 100 hourly simple moving average. There was a break above […]

China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets

Digital Yuan

China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank of China (PBOC). In addition, the government digital wallet has been downloaded by about 140 million people. Digital Yuan’s Adoption Rises, Nearly $10 Billion Transacted […]

Hong Kong re-evaluates retail sales for Crypto

hongkong crypto

The Securities and Futures Commission of Hong Kong has received many requests to approve crypto ETFs for trading. The Securities and Futures Commission, or SFC, in Hong Kong is reviewing regulations surrounding virtual currency transactions, including whether individuals can invest in exchange-traded funds, or ETFs. According to a report by South China Morning News on Wednesday, the […]