JPMorgan pressured First National Bank to close the accounts of cryptocurrency exchanges in South Africa, according to two separate sources. FNB has strongly denied that external pressure forced its hand.
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Bitcoin’s sell-off deepened on Friday, putting the digital token at the lowest level since May, after it dropped below yet another key support level.
First National Bank provided more insight on Wednesday into why it has given notice to cryptocurrency trading platforms in South Africa that it will shut their bank accounts.
The largest cryptocurrency’s slide snowballed on Monday, with the price dropping as much as 5% to test the key $8 000 level, which it hasn’t breached since the end of October.
Bitcoin’s push back below $9 000 has a key technical indicator suggesting the cryptocurrency risks entering a selling trend.
Bitcoin may be a distant alternative to safe havens, but CoinShares Group is betting that trading a digital gold asset linked to the token may provide investors with a sense of security.
States dabbling in blockchain technology, or planning to issue their own digital currencies, isn’t flattery – it’s competition.
A Texas academic created a stir last year by alleging that bitcoin’s astronomical surge in 2017 was probably triggered by manipulation. He’s now doubling down with a striking new claim.
Bitcoin jumped on Monday, bringing its rally since Thursday to 26%, after China’s government threw its backing behind the digital coin’s underlying ledger technology.
Chinese investors snapped up every blockchain-related stock in sight after President Xi Jinping said Beijing wants to speed up development of the technology.