Russia May Allow Crypto Trading in Upcoming Legislation: Official

As Russia’s cryptocurrency bill slowly inches forward, a government official has hinted at what may lie ahead when the legislation is finally passed. According to a report from local news source Interfax.ru, Deputy Finance Minister Alexei Moiseyev told journalists on Friday that among the options currently being discussed is to allow the buying and selling of cryptocurrencies. Crypto payments are not on...

Bitcoin on Track for Best Second Quarter Price Gain on Record

View Bitcoin’s 165 percent gain so far this quarter is the best second quarter performance on record and the highest quarterly percentage gain since the end of 2017. The stellar gains have bolstered the long-term bullish technical setup. While the relative strength index is reporting overbought conditions, there are no signs of bullish exhaustion on the daily, 3-day or weekly charts....

India’s Crypto Ban Predictably Triggers Massive Bitcoin Price Premiums

India's restrictive crypto trading squeeze is leading to significant premiums on bitcoin price among local traders. | Source: Shutterstock By CCN Markets: The bitcoin price has reached $11,200 at its peak earlier this month on major exchanges including Bitstamp and Coinbase following a large spike in volume and overall interest. According to reports, bitcoin is trading higher in India and Iran...

The Mother of Central Banks Sounds the Alarm on Facebook’s Crypto Libra

The 'central bank of central banks' isn't happy with big tech's entry into finance, a mere week after Facebook announced its crypto Libra. | Source: Shutterstock The Bank for International Settlements (BIS), an institution owned by the world’s central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system. In its annual...

Dow Pounces Higher But UBS Warns of Brutal Stock Market Reckoning

The Dow bounced back on Monday, even as UBS analysts warned that the stock market could suffer a global recession - and a brutal reckoning. | Source: Drew Angerer / Getty Images / AFP The Dow and overall US stock market bounced back on Monday, as investors diverted their attention from risks associated with both the US-China trade war and what...