Market News and Updates

Colombia’s Biggest Bank To Offer Bitcoin Trading

Cryptocurrency exchange Gemini will soon offer frictionless bitcoin trading in Colombia for customers of the country’s biggest bank, Bancolombia, the company said in a statement Monday. However, it is unclear whether users will be able to withdraw funds — a vital feature for achieving the financial sovereignty that Bitcoin enables. The partnership is part of a government-sponsored … Read more

Bitcoin And The Fall Of Davos Man

Watch This Episode On YouTube Listen To This Episode: In this episode of Bitcoin Magazine’s “Fed Watch” podcast, Christian Keroles and I sat down with Tom Luongo of Gold Goats ‘N Guns to talk about Europe and central bank politics. We went into the weeds, talked about what’s happening behind closed doors as it were, … Read more

EUR/USD Rebound From November Low Unravels amid Hawkish Fed Rhetoric

EUR/USD Rate Talking Points EUR/USD struggles to hold its ground following the kneejerk reaction to the weaker-than-expected US Non-Farm Payrolls (NFP) report, and the exchange rate may continue to give back the rebound from the November low (1.1186) as a growing number of Federal Reserve officials show a greater willingness to normalize monetary policy. Advertisement … Read more

Bitcoin Card Embily Joins Visa’s Fast Track Program

Embily USA, the American arm of European fintech company Embily, has joined Visa’s Fintech Fast Track program. Embily’s refillable debit card, which can be topped up with bitcoin and used to pay for goods and services worldwide, will launch in the U.S. next year. “By joining Visa’s Fast Track program, exciting Fintechs like Embily USA … Read more

Bitcoin Is Self Preservation

Bitcoin Is Self Preservation The Center Cannot Hold: 15 All living organism share a universal behavior set called self preservation. Self preservation is the set of behaviors that ensures the survival of an organism. Bitcoin is financial self preservation. Many hold Bitcoin to increase the longevity and appreciation of their wealth and therewith their health. … Read more

FX Week Ahead – Top 5 Events: BOC & RBA Rate Decisions; UK GDP; German & US Inflation Rates

Advertisement FX Week Ahead Overview: Two central bank rate decisions in the coming days may show divergence: a Bank of Canada that is looking to fight inflation more aggressively; and a Reserve Bank of Australia that is preaching patience. UK growth rates may have begun to decelerate at the start of 4Q’21, just as the … Read more

The Bitcoin Water Trust Reaches 100 Bitcoin

The Bitcoin Water Trust, an exponential growth fund by nonprofit charity: water for providing clean water to people in developing countries, has reached its goal of raising 100 BTC, reported Forbes. The fund received its one-hundredth bitcoin after the Winklevoss brothers, founders of the Gemini bitcoin exchange, personally matched the first 50 BTC donated to … Read more

Gold Price Forecast: Gold After the Bear Flag Breach, CPI on Deck

Gold talking points: Gold prices broke below a bear flag formation last week. After finding support around a Fibonacci level, gold prices put in a bullish engulfing pattern on Friday, pointing to the possibility of a deeper pullback in the bearish trend. The analysis contained in article relies on price action and chart formations. To … Read more

AUD/USD Forecast: Australian Dollar Susceptible to Wait-and-See RBA

Australian Dollar Talking Points AUD/USD attempts to retrace the decline from the previous week as it bounces back from a fresh yearly low (0.6993), but the Reserve Bank of Australia (RBA) interest rate decision may produce headwinds for the exchange rate as the central bank is widely expected to retain the current policy. Advertisement AUD/USD … Read more

Bitwage Processes World’s First Bitcoin Payroll On Lightning

Bitwage has processed the world’s first Lightning payroll. The company processed a salary payment entirely on the Lightning Network, Bitcoin’s layer 2 scaling solution for fast and cheap bitcoin payments. “Bitcoin’s Lightning Network promises the ability to enable global, instant payments for almost no fees,” Bitwage said in a statement sent to Bitcoin Magazine. “Our … Read more

How Centralized Is Bitcoin Mining Really?

When discussing bitcoin mining centralization, the issue almost always gets muddied immediately. One person might think in terms of mining pool distribution, another in terms of hash rate distribution across jurisdictions, and yet another might be chiefly concerned with how many manufacturers of mining hardware there are. People frequently boil the entire topic down to … Read more

Cryptocurrencies Hammered Over the Weekend, ETH/BTC Spread Continues to Rally

Ethereum/Bitcoin (ETH/BTC) Chart and Analysis Cryptocurrencies slammed over the weekend. Ethereum/Bitcoin spread pushes ever higher. The cryptocurrency market fell sharply over the weekend with a prior support level of around $53k giving way with ease. The sell-off happened as the markets rolled over into Asian trading hours and this lack of liquidity, and support break, … Read more