The BTC price faces a stiff resistance at $7000 as the world’s largest cryptocurrency struggles to attain this milestone.
The Democrats have put forward a draft proposal which asks to distribute Digital Dollar as direct benefit transfers to individuals without a bank account.
Bitcoin and the overall crypto markets revived after the Federal Reserve announced several stimulus measures for boosting the economy.
The Italian Bank Banco Stella has started a Bitcoin trading facility on its Hype platform to help its customers with international transactions.
Venezuelans double-down on their purchase of Bitcoin as the government shuts down all banks on account of some necessary measures to prevent the COVID-19 outbreak in the country.
Financial institutions plans to leverage blockchain to eliminate redundant activities in the existing system and thus reducing costs for distributors, asset managers, asset services, and the overall supply chain.
Coinbase has recently partnered with Google Pay which will allow its crypto debit card users to spend their crypto holdings directly from Google Play. The facility will be first available in selected European countries by the end of this year.
Crypto markets have responded negatively to the Fed rate cuts as Bitcoin and altcoins drag investors’ losses further.
Bitcoin and the overall cryptocurrency market fail to deliver as cryptocurrency markets writes off several billion dollar losses on Thursday.
All of the top ten cryptocurrencies have collapsed anywhere between 25-30% as over $20 billion have been wiped out of the crypto market in a single day.