Polymarket Introduces New Information Markets After CFTC Fine, but Not for US Traders

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Bitcoin Is Crashing, Will Buy When BTC Tests $20K – Markets and Prices Bitcoin News

The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he will buy more bitcoin if and when the price of the cryptocurrency tests $20K. He noted that bitcoin’s price crashing is “great news,” adding that the “Time to get richer is coming.” Robert Kiyosaki Plans to Buy More Bitcoin Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted Sunday about the price of bitcoin and when he will buy more BTC. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter.…

BTC Falls to 5-Month Low – Markets and Prices Bitcoin News

The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing. Bitcoin Bitcoin (BTC), which has been the main focus of the recent decline in crypto prices, was trading 3% lower on Monday (at the time of writing), and almost 20% down from its position at the same time last…

UBS Warns of Crypto Winter Amid Expectation of Fed Rate Hikes and Regulation – Markets and Prices Bitcoin News

UBS, Switzerland’s largest bank, has warned about a crypto winter where prices crash and may not recover for years. The bank’s analysts explained several major reasons affecting the prices of cryptocurrencies. UBS Expects Crypto Winter That Could Last Years Switzerland’s largest bank, UBS, has warned of a crypto winter where prices crash and may not recover for years. The bank’s analysts, led by James Malcolm, recently explained in a note to clients several reasons why cryptocurrency may lose its attractiveness to investors this year. Firstly, the UBS analysts detailed that…

Low Volumes Across Crypto Spot Markets and Derivatives Indicate Bearish Conditions – Market Updates Bitcoin News

Digital currency markets have slipped significantly in value during the last two weeks and the lower prices have not sparked higher trade volumes. Data shows cryptocurrency spot market volume has slipped from $1.4 trillion in November 2021, to this month’s $593 billion in volume. Bitcoin futures open interest and volumes have dropped considerably over the last two months as well. Crypto Volumes Slide Month-Over-Month Since November When crypto markets shed significant value, traders typically look to see if trade volume increases in order to support the current prices. Since a…

Bitcoin Mining with North America's Largest Miner | Pomp Podcast #578

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This is an episode of The Pomp Podcast with host Anthony “Pomp” Pompliano and guest, Fred Thiel. He is the CEO of Marathon Digital Holdings, one of the largest bitcoin miners in North America. In this conversation, we discuss bitcoin mining, ESG bitcoin, OFAC compliant blocks, Taproot, and what Marathon plans to do moving forward. —— —— Pomp writes a daily letter to over 140,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language while…

El Salvador Plans to Offer Crypto Loans to Small-Scale Entrepreneurs – Emerging Markets Bitcoin News

The government of El Salvador will offer cryptocurrency-based loans to small companies. Conamype, the National Commission for Micro and Small Enterprises, will be the link between the investors and a decentralized finance protocol called Acumen, that will be able to provide funding in stablecoins. The aim being to help small investors that have no credit history in the country. Small Companies in El Salvador to Receive Cryptocurrency-Based Loans Small companies in El Salvador will be able to receive funding to power their companies with cryptocurrency. The program is directed to…

New Payment System Seeking to Bolster Intra-African Trade Goes Live – Emerging Markets Bitcoin News

A new continent-wide payment system that seeks to strengthen African fiat currencies, as well as to boost intra-Africa trade, recently went live. Discussions about onboarding more African countries are still ongoing. SMEs the Main Beneficiaries of the Payment System A new African payment system, the Pan-African Payment and Settlement System (PAPSS), recently went live in Ghana, setting the stage for its rollout across the continent. The payment system seeks to strengthen African fiat currencies as well as to boost intra-Africa trade. The payment system — the brainchild of the African…

Bitcoin Price Slips Below $36K, BTC Dominance Increases, Billions Leave Crypto Economy – Markets and Prices Bitcoin News

The price of bitcoin tapped a new low this year hitting $34K per unit at just after 5 a.m. (EST) on Saturday morning. Bitcoin is now down over 48% lower than its all-time high (ATH) reached two months ago on November 10, 2021 — when it jumped above the $69K mark. During the last week alone, bitcoin has lost 17% in value and a great number of traders and investors are curious as to when the carnage is going to end. Digital Currency Market Carnage Continues, Crypto Economy Drops to…