Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely” headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet. McGlone’s opinion follows a number of predictions that say bitcoin could drop to the $20K zone if there’s more pullback in the cards. Bloomberg Commodity Strategist Suggests…
Interactive Brokers will add cryptocurrency trading to its platform by the end of the summer, CEO Thomas Peterffy has revealed. The platform has about 1.33 million customer accounts and $330.6 billion in customer equity as of the first quarter. Interactive Brokers to Offer Cryptocurrency Trading The chairman and CEO of Interactive Brokers (Nasdaq: IBKR), Thomas…
If the $450 million investment round allegations are genuine, Solana, one of Ethereum’s main competitors, may have taken a huge step toward being the blockchain of choice for decentralized applications like Defi and NFTs. The Solana official did not confirm or deny the charges, but neither did he deny them either: “Our team did not…
El Salvador’s Congress approved a law on June 9 that makes Bitcoin, the world’s largest cryptocurrency, legal tender in the country. The Central American nation has become the first to recognize Bitcoin as legal cash. Its legal tender status will be established in 90 days. The move came after President Nayib Bukele announced on June…
Since last year, the popularity of cryptocurrencies has exploded in India, as more investors try their luck in the lucrative virtual coin trading market. In 2021, Indian cryptocurrency exchanges confirm that they would be adding more users to their platforms. Cryptocurrency exchanges are optimistic that the burgeoning asset class would continue to draw more investors…
XRP technical levels fade while freefalling to $0.65 beckons Ripple has embraced downward price action since the beginning of June. The international money transfer token crashed from $1.71 to $0.65 in May but recovered to highs around $1.1 at the beginning of June. In the last week, the overall general outlook in the market has…
