The Bitcoin price is undergoing a pretty rigid phase as it is failing to inculcate the required momentum to hit $30,000. The bears are successfully restricting the price at the interim threshold as the bulls continue to remain resilient. While the volume has soared to some extent, the price is believed to remain volatile as...Read More
With several market analysts giving their takes on the key driver behind this renewed surge, MicroStrategy’s former CEO, Michael Saylor, recently expressed his view on the matter. Inflation and Counterparty Risks Drive Bitcoin Adoption In a recent CNBC interview, Saylor noted that two dynamics are pushing the broad adoption of Bitcoin. He revealed that the...Read More
Former Coinbase CTO, Balaji Srinivasan, recently withdrew from his $1 million Bitcoin bet in which he gambled that the price of Bitcoin would reach $1 million. Although he withdrew from the bet, Srinivasan still believes that the US dollar is heading towards hyperinflation and that the economy will not experience a “soft landing” as promised...Read More
Former Coinbase CTO Balaji Srinivasan has withdrawn from his notorious $1 million Bitcoin bet, in which he gambled $1 million in USDC on the price of Bitcoin reaching $1 million. However, the investor stands by his thesis that the US dollar is on the road to hyperinflation, stressing that the economy will not experience the...Read More
Another wave of banking fear swept the markets on Tuesday as stocks for PacWest, Western Alliance, and other financial institutions slid over 20% on the day. This comes shortly after California financial watchdogs took control of First Republic Bank on Monday, of which 84 branches will reopen under JP Morgan Chase. Another Bank Stock Selloff...Read More
MicroStrategy, an Enterprise Business Intelligence (BI) platform that provides software, cloud computing, and other services to a wide array of clients, also happens to be one of the world’s largest Bitcoin holders, with approximately 140k Bitcoin in reserves. Out-competing by HODLing The decision to purchase Bitcoin in bulk was made by then-CEO Michael Saylor in...Read More
The Kingdom of Bhutan – a landlocked country situated in the Eastern Himalayas – has reportedly used its renewable sources of energy to run a bitcoin mining operation for years. A government representative said the process started when BTC was worth around $5,000. It is worth noting that the primary cryptocurrency reached that level for...Read More
The Bitcoin market has recently experienced a heart-stopping tumble, with its price flirting dangerously close to the $28,000 mark. The nosedive from $30K has already sent shockwaves through the market, triggering fears of a massive correction. As the Federal Open Market Committee (FOMC) meeting approaches, investors are holding their breath, waiting to see how the...Read More
The Bitcoin ordinal inscription craze is back, and network transactions are surging as a result. On May 1, on-chain analytics provider Glassnode reported that daily transactions were approaching peak levels. The 30-day moving average for the metric had reached 348,700 daily transactions. Furthermore, the peak level was measured in 2017 when it reached 379,000 transactions...Read More
A 49-year-old resident of Kolkata, India, reportedly drowned in the Hooghly River. The primary autopsy found no evidence of violence, suggesting he committed suicide. The man supposedly invested in shares and bitcoin, hinting that a potential loss on his investment could be one reason behind his unnatural death. Another Indian Jumping off a Bridge A...Read More
The armed wing of the alleged terrorist organization Hamas – Al-Qassam Brigades – will reportedly stop receiving donations in bitcoin out of concern for the safety of the contributors. The Israeli authorities have previously estimated that the entity funded some of its military campaigns through cryptocurrencies. The Defence Ministry seized over 100 digital wallets associated...Read More
Bitcoin, the leading cryptocurrency by market capitalization, concluded the week with a resilient performance, overcoming bearish forces and a series of unfavorable regulatory developments. Though BTC began the week with a promising outlook but encountered significant turbulence on Wednesday, eventually finding stability as news of First Republic Bank’s share collapse ignited concerns about a potential...Read More
Analysts at Bernstein Private Wealth Manager think the shaking banking system in the United States could benefit bitcoin adoption and potentially increase the price of the asset. The experts went further, advising people to invest in BTC, which could soon enter a new bull run due to the shaking condition of traditional finance. Weak Banks...Read More
The shares of First Republic Bank have declined to a record low after the lender announced that depositors withdrew over $100 billion in the first quarter. It has been under massive pressure since a series of bank failures in the United States sparked fears of a wider crisis. The private-sector initiatives are being led by...Read More
Bitcoin price secured a bullish outlook after Thursday’s daily candlestick closed above $29.3k. Although the daily Relative Strength Index (RSI) shows a falling divergence, all focus is on Bitcoin’s performance in the next few days. Whereby the most bullish question is whether the asset can secure a breakout above $31k. Notably, Bitcoin investors are waiting...Read More
As the intersection between cryptocurrency and geopolitical conflict gains prominence, the role of digital assets in 21st-century warfare is becoming increasingly clear. The Russia-Ukraine War serves as the most notable example thus far, with both parties employing cryptocurrencies to secure donations and fund their war efforts. A shadowy Bitcoin enthusiast has seemingly turned the tables...Read More
Marcus Thielen, the chief researcher at Matrixport, has expressed confidence in Bitcoin’s potential to reach $45,000 by year-end. This prediction has caused a stir in the cryptocurrency market, with investors eagerly watching to see if Bitcoin can reach this milestone. Chinese blogger and cryptocurrency journalist Colin Wu shared the news, stating that Thielen considers this...Read More
The digital copy of Satoshi Nakamoto’s Bitcoin whitepaper was an Easter egg that was located earlier this month embedded within a test scanner app on macOS. But Apple has now removed it from the latest beta version of its operating system. With the removal of the test scanner app called Virtual Scanner II from the...Read More
In a note published on April 24, Standard Chartered analysts predicted that Bitcoin prices will climb to $100,000 by the end of 2024. Analyst Geoff Kendrick noted that the collapse of several U.S. banks, including Silicon Valley Bank, Silvergate, and Signature, has solidified the case for Bitcoin as a “decentralized, trustless, and scarce digital asset.”...Read More
A bitcoin whale whose wallet remained untouched for 12 years recently moved 400 BTC (equivalent to approximately $11 million) to numerous addresses. This is yet another long-term HODLer who wakes up after nearly a decade of inactivity. A dormant BTC whale transferred over 2,000 BTC last week for the first time in nine years. The...Read More
Bitcoin has shown immense resilience this year. While the overall rally hasn’t been smooth sailing per se, it holds significance as it came against the backdrop of the banking scandal. This essentially represented a shift in investor sentiment shifted toward viewing Bitcoin as a hedge against banks. According to the latest report by the market...Read More
The authorities of Venezuela have reportedly urged local bitcoin miners to temporarily halt operations while inspecting a major corruption scheme that could have drained up to $20 billion. People who are part of President Maduro’s inner cycle are suspected of orchestrating the crime that involved the national oil and gas company – Petróleos de Venezuela....Read More
The Bitcoin market has faced a tumultuous ride, with the digital currency struggling to find stable ground amidst swirling financial currents. Recent news of potential interest rate hikes caused a sharp selloff that sent Bitcoin plummeting below $30K, erasing its monthly gains. With BTC’s price falling by over 8% in just a few days, sellers...Read More
Could the US dollar lose its status as the global reserve currency? BitMEX co-founder Arthur Hayes doesn’t rule out the possibility and believes it’s a question worth considering for those looking to preserve their wealth. The former exchange CEO published an essay on Thursday exploring the economics and role of the dollar worldwide, and how...Read More
Robert Kiyosaki, an accomplished American investor, businessman, motivational speaker, and author of the bestselling book “Rich Dad, Poor Dad,” recently expressed his admiration for Bitcoin (BTC) and lauded its ability to withstand the test of time. According to Kiyosaki, the success of Bitcoin can be attributed to its decentralized nature, as it is driven by...Read More
On April 19th, Trezor, one of the most popular cold wallets in the crypto community, enabled a new privacy feature for its users through the CoinJoin security protocol. The new update for Trezor is now available for Trezor Model T users, who simply need to add their CoinJoin account to enjoy the security benefits offered...Read More
Robert F. Kennedy Jr – the nephew of former President John F. Kennedy – officially announced his candidacy for President of the States. He will run for the Democratic nomination, attempting to prevail over the current leader of the USA – Joe Biden. Kennedy has presented himself as a supporter of Bitcoin, claiming it could...Read More
The electric vehicle giant Tesla did not buy or sell any BTC during the first quarter of 2023. The company’s last transaction was in Q2, 2022, when it sold 75% of its BTC holdings to cope with rising production costs. No Changes in Q1 The EV manufacturer, led by Elon Musk, announced it had kept...Read More
A Bitcoin wallet that stayed dormant for more than nine years has recently sent out 2,071.5 BTC (worth over $60 million). The address received a total of 6,071.5 BTC at the end of 2013, when the price of the primary cryptocurrency hovered around $663. Lookonchain revealed that the mysterious whale transferred the assets on April...Read More
Prominent derivatives marketplace Chicago Mercantile Exchange (CME) Group has announced adding daily expirations for Bitcoin (BTC) and Ether (ETH) futures options contracts. Pending regulatory review, the two new additions will have expirations Mondays through Fridays. Bitcoin and Ether Daily Expiries According to the official press release, CME Group will offer new expiries for options on...Read More
