PBoC Continues Its Crackdown on Cryptocurrencies in Aggressive Fashion

China remains a very interesting place when it comes to cryptocurrencies. Although the People’s Bank of China has made CNY-based trading impossible, the Bitcoin price hasn’t suffered too much as a result. In fact, the Bitcoin price showed some signs of life this week, even though the PBoC plans a further crackdown. PBoC Isn’t Letting Cryptocurrencies Breathe The … Read more

Short Squeeze Catapults Price of Bitcoin Past $7,600

Just hours after short positions on Bitcoin eclipsed longs, and as BTC shorts volume reached an all-time high, Bitcoin saw an explosion, appreciating over US$900 in under an hour, a growth of 13%. Since the pump, global cryptocurrency markets have risen over 10%, to just under US$300 billion. Speculators overwhelmingly agree that the cause for … Read more

Bitcoin Cash Becomes the New Shirt Sponsor of Ayr United FC

Cryptocurrencies continue to make inroads in many industries. Ayr United FC, a football club in the United Kingdom, recently announced a new sponsor deal. While this may not be out of the ordinary, the team will play with a “Bitcoin BCH” logo on their shirts for the upcoming season. That is a pretty interesting development that will bring … Read more

Gavin Brown Expects a “Rise of the Altcoins” if Bitcoin Were to Fail

Even though everyone is entitled to their own opinion on Bitcoin and cryptocurrencies, it seems there is growing negative sentiment. More specifically, some experts are claiming Bitcoin will become irrelevant in the near future. That is a remarkable opinion, as the correlation between Bitcoin and other cryptocurrencies has never been more apparent. Can Bitcoin Remain … Read more

Indian Crypto Exchanges Strategize to Challenge RBI Crackdown

Indian crypto exchanges are devising strategies to challenge and respond to the Reserve Bank of India’s order to prohibit banks from servicing businesses dealing in cryptocurrencies. News.Bitcoin.com talked to Sathvik Vishwanath, CEO of a leading Indian exchange Unocoin, to find out more details. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Going International … Read more

Backpage.com Seized by US Justice Department, Cryptocurrency Connection Remains Unclear

Most people are aware that Backpage.com has been seized by the US Justice Department. This development has caused quite a stir, although a lot of unsavory evidence has surfaced in the past few days. It seems the owners of this platform have engaged in money laundering involving cryptocurrency. It’s not a positive development for this nascent … Read more

Cryptocurrency Is the Main Income for 12% of Russian Crypto Users

Cryptocurrency is the main source of income for 12% of Russian speaking crypto users, according to a new survey. More than 90% of the respondents say they want to use digital coins as a means of payment, and a quarter of those interviewed are already doing that. 40% of the participants view cryptos like bitcoin … Read more