Brexit

Looking at Crypto’s 2020 Outlook Through the Politico-Economic Lens

The impact of 2020’s economic and political events could have a lasting effect on the future of crypto assets, although it is unclear what the final result may be. Most people are likely aware of the massive potential impact that cryptocurrencies and blockchain technology can have on countless industries. Their ability to revolutionize the world...
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Bitcoin Weak as Positive Trade Deal, Brexit Buoy Investors

So-called safe-haven asset bitcoin appears mum as Trump hints an optimistic “phase one” deal with China and Boris Johnson wins the U.K. parliamentary election.The cryptocurrency risks more declines due to prevailing bearish bias.Strong technical support could send the price back towards $7,500-8,500 area.Bitcoin slipped towards $7,000 this weekend as signs of growth in the U.S.-China...
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Boris, Brexit, and Bitcoin: How the UK’s General Election Might Impact Crypto

In yesterday’s UK General Election, the British people voted for the Conservative Party to take office for another term. The pound responded with a sudden rise in value reminiscent of a Bitcoin move.However, with the now majority Conservative party campaigning to just “get Brexit done”, the future value of both the pound and euro is...
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Bitcoin Collapses below $7,500 after Brexit Breakthrough

Bitcoin took a deep dive on Wednesday to test the levels last seen in May.The benchmark cryptocurrency plunged by up to circa $566.29, or 7.65 percent, in just two hours of trading. The move downside brought bitcoin down to a session low of $7,402.20. While the price later corrected, its upside remained capped by the...
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Bitcoin Holds Gains against Trade Deal Hopes, Brexit Uncertainty

Bitcoin was maintaining its weekend gains on Tuesday as investors assess positive outcomes from the ongoing US-China trade talks but remained uncertain over the Brexit deal.The benchmark cryptocurrency established a session high of $8,296.50, up 1.05 percent from the market open. The upside move was minor in the context of bitcoin’s recent losses. Therefore, the...
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‘No-Deal Brexit Huge Positive for UK Cryptocurrency’ – How Brexit Could Affect the Industry

British lawmakers have voted to postpone a crucial Brexit vote and forced Prime Minister Boris Johnson to ask the EU for an extension. News.Bitcoin.com talked to the CEO of a local crypto exchange to find out the effects a no-deal Brexit could have on the crypto industry. Also read: SEC Wants Second Look at Bitwise...
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Five Reasons Why Bitcoin Watchers Shouldn’t Worry

OverviewPessimistic sentiment has been looming the cryptocurrency markets as we passed the halfway mark of October. Bitcoin has been trading below the 8000 levels again and approaching the month-low levels near 7760. Although the picture may not be so bright now, however, there were some market signs perhaps could clam traders’ nerves down.Bitcoin Tests Critical LevelsThe...
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Bitcoin Corrects Above $8K against Weak US Data, Brexit Deal

Bitcoin was attempting to hold $8,000 as support on Thursday after it slipped briefly below the said level yesterday.The benchmark cryptocurrency surged by 0.83 percent, or $66.14, to trade at $8,059.68. The move uphill came after a depressive price action on Wednesday that took the bitcoin price below the $8,000 support level. At its intraday...
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British Prime Minister Boris Johnson Enters New Deal with EU over Brexit

British Prime minister enters a new deal with the European Union on the sidelines of EU leaders meeting in Brussels. It appears that the British Prime Minister Boris Johnson has entered a dew deal with the European Union over Brexit. Sources indicate that the deal came on the sidelines of a meeting in Brussels of...
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Bitcoin Underperforms as Investors’ Focus Remains on Brexit

Bitcoin was trading in negative territory on Wednesday as a broader market focus remained glued on Brexit and other critical macroeconomic events.Bitcoin price slips as speculators/investors shift focus elsewhere | Image credits: TradingView.comThe benchmark cryptocurrency slipped 0.12 percent to trade at $8,152.92, continuing its choppy actions seen after the last significant drop on September 24....
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UK Forex Giant Launches New Bitcoin Service as Brexit Fears Grow

UK-based FXCM Group has introduced a new bitcoin trading service right around the time when investors weigh the possibility of a hard Brexit.The forex brokerage giant announced in a press release published on Monday that it is launching CryptoMajor. It is a basket that contains five popular cryptocurrencies – Bitcoin, Ether, XRP, Bitcoin Cash, and...
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Bitcoin Eyes Gains as Pound Drops on Brexit Uncertainty

Bitcoin was inching higher on Monday in the UK markets as Pound gave up some part of its last week’s sharp gains.Bitcoin shows upside sentiment as the Pound drops to 1-month low | Image credits: TradingView.comThe cryptocurrency surged by 0.76 percent against the sterling as of 1005 UTC to trade at £6,627.90. The minor surge...
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Coinbase Receives E-Money License From the Central Bank of Ireland

Coinbase has secured a new legal foothold in Europe. The San Francisco-based cryptocurrency exchange has received an e-money license from the Bank of Ireland, which it can potentially use to continuing serving its customers across the continent, in case Brexit causes any disruptions. Also Read: Gartner: Corporate Blockchain Won’t Take Off for Another Decade Coinbase...
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Bitcoin Directionless as Trade Tensions Ramp Up Before Talks

An unch bitcoin struggled to find its next direction on Wednesday as investors placed their sentiments behind global stocks.The benchmark cryptocurrency surged by a minor 0.07 percent to trade at $8,185.34 – as of 11:24 UTC. Earlier today, it had established a daily session high of $8,245 but corrected after the European session open. That...
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How Cryptocurrencies Can Mitigate Some of Brexit’s Negative Effects

Brexit, the European divorce saga that has been going on for years, has created a lot of headaches for politicians and ordinary people on both sides of the Channel. The process of Britain leaving the European Union is now heading towards another one of its deadlines while London and Brussels are trying to separate with...
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How Brexit will Affect Fintech Startups and Cryptocurrencies

Brexit is going to end soon. How will Fintech Companies fare in the UK post-Brexit? Is Brexit good for cryptocurrencies or bad for it? Brexit has been on the front burner for most of the past two years. Theresa May has already resigned following her inability to make Brexit happen. Boris Johnson is facing the...
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Fintech May Flounder But Britain’s Brexit Will Boost Bitcoin

Economic hardship, whether driven by trade wars or political divisions, usually drives investors into safe haven assets. It has been the case for gold and Bitcoin this year as currencies get crushed and recession fears loom. Britain’s Brexit woes may spell short term doom for the fintech industry but it is likely to have the...
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