US Bitcoin Corp – a North American Bitcoin mining firm – has been ordered to cease operations by a State Supreme Court Justice, or face penalties of $10,000 per day. If the miner continues to operate through the end of January, the fine will increase to $25,000 per day. US Bitcoin Under Fire As reported...Read More
It was just yesterday that Bitcoin was pulled back below its crucial resistance of $23K. However, the flagship currency started the day above $23K before making a slight drop around $22,900. The similar pattern is followed by Ethereum, BNB, Cardano, Solana, XRP and other altcoins which are trying their best to hold on to their...Read More
Tesla, the electric car company led by Elon Musk, did not sell the remaining of its Bitcoin stash, as it was supposed to do during the 4th quarter of 2022, according to a filing published by the Securities and Exchange Commission (SEC). Tesla’s BTC holdings should be priced at around $245 million, which would be...Read More
El Salvador, the first country to use Bitcoin as a legal tender, earlier this month passed another legislation to establish a legal framework for a Bitcoin-backed bond known as Volcano Bond. Through this bond El Salvador plans to pay its sovereign debt, sponsor the Bitcoin city construction and create Bitcoin mining infrastructure. Today, the country’s...Read More
Certain Bitcoin investors are selling while they can after the primary cryptocurrency reclaimed $23,000 earlier this month, according to Glassnode. The blockchain intelligence provider’s latest report reviews recent on-chain behavioral patterns exhibited by both short and long-term holders. Exiting While They Can The newsletter, posted on Monday, begins by examining Bitcoin’s price, which have reclaimed...Read More
Nayib Bukele – the President of El Salvador – revealed that the government repaid its $800 million bond plus interest the same day it was set to mature. Settling the bond comes despite the pessimistic views that the nation will experience financial challenges due to its bitcoin forays. ‘We Just Paid in Full’ El Salvador’s...Read More
Bitcoin has been moving higher as the equity markets fetched more gains. The world’s largest cryptocurrency by market capitalization climbed over $23,000 on Tuesday. Since the beginning of the year, both Bitcoin and Ethereum added 40% surges to their trajectory, retracting the entire post-FTX dump. Needless to say, the ongoing rally has sparked concerns over...Read More
Initially the crypto market started the day on not so good terms, but one currency that has been holding on to its bullish momentum is Bitcoin. While the King currency is holding on to its $23,000, it suggests that investors are still positive on Bitcoin. This has resulted in the global crypto market moving past...Read More
One of the poorest countries – the Central African Republic (CAR) – formed a team of 15 agencies, whose responsibility will be to draft a “comprehensive” cryptocurrency bill. The nation made the headlines last year, becoming the second after El Salvador to embrace bitcoin as a legal tender. Another Crypto Step Faustin-Archange Touadéra – President...Read More
One of the biggest critics of the cryptocurrency industry – Peter Schiff – expected bitcoin’s spike at the start of the year to cease shortly after it began and advised investors to sell their holdings when the asset was trading at around $18,000. The uptrend, though, continued, and BTC currently stands at $22,800 – a...Read More
Even though Bitcoin price has been on the rise recently, some remain skeptical that the correction is really underway, instead seeing the current upswing as a bull trap rather than a breakthrough signaling the end of the bear market. Despite this, the biggest cryptocurrency has maintained its recent gains and seems to continue shocking market...Read More
Bitcoin prices have pushed higher over the weekend, continuing the rally that began with the new year. The asset has now notched up a 45% gain since its cycle low of $15,665 on November 22. However, there are mounting fears of a bull trap despite the rally still showing strength. A bull trap is a...Read More
It is very evident that the bulls are continuing to exert their influence as Bitcoin’s surge continues. The on-chain signals for the king cryptocurrency reveal that the overall sentiment is optimistic. At the time of this writing, Bitcoin price is equivalent to $23,035, an increase of 9.3% over the course of the previous 24 hours...Read More
Despite much turmoil in 2022, the Bitcoin mining industry’s hashing technology only continued to grow more efficient throughout the year, according to a new survey from the Bitcoin Mining Council (BMC). The industry also grew marginally greener, retaining a sustainable energy mix of over 58%. Bitcoin is Green, Says BMC In a press release on...Read More
Miami’s Bitcoin-bullish Mayor, Francis Suarez, remains faithful to the asset after the collapse of one of the world’s largest crypto exchanges shook confidence in the industry. The mayor suggested that Bitcoin can still provide numerous benefits not offered by the fiat currency system. Could Bitcoin Replace the Dollar? During an interview with CNBC on Friday,...Read More
The cryptocurrency rally this month was so robust that traders are looking out for the price bottom. Is the market there yet, or will bears take the prices back down to key optical support at $20K? Here are four new bullish indicators for the BTC price. Solid MA Crossover in New Bitcoin Addresses On-chain intelligence...Read More
Stocks and bonds got a nice lift in January out of fizzling inflation, strong consumer and job confidence, and hopes of lower interest rates. But the cryptocurrency spot exchange market absolutely surged on a Bitcoin price rally at the same time. The BTC price has recovered so dramatically since the start of the year that...Read More
Peter Thiel has been a long-time Bitcoin backer. But his fund closing almost all its crypto positions shortly before the market went downhill did not sit well with many. According to Fortune’s latest report, Thiel’s VC firm – Founders Fund – cashed out all of its bets on cryptocurrencies and made $1.8 billion in profit...Read More
Bitcoin’s weekly surge beyond $20,000 doesn’t necessarily mean the bull market is back, according to BitMEX co-founder Arthur Hayes’ latest analysis. The former CEO recently detailed some possible scenarios that will trigger Bitcoin’s next big move – which mostly boils down to how the Federal Reserve behaves in the near term. Analyzing the Bitcoin Bounce...Read More
Bitcoin’s rise within the past two weeks has made it one of the best-performing assets of the year, according to Bloomberg Intelligence. The firm’s senior macro strategist, Mike McGlone, compares the rally to a similar recovery in early 2019 – but in a macro environment of contracting liquidity. Is Bitcoin Back? In a post to...Read More
The fall of Sam Bankman-Fried’s $32 billion crypto empire highlighted the importance of self-custody for users. In fact, investors have already hopped on the trend of holding their assets themselves rather than entrusting their hard-earned money to a third-party platform. According to the latest data compiled by crypto analytic company, Santiment, Bitcoin’s supply on centralized...Read More
Bitcoin price has experienced a strong resistance of around $21k after rallying over 28 percent in the past 14 days. Over $26.60 million has been liquidated in the Bitcoin market during the past 24 hours and more coins observed leaving centralized exchanges. Market analysts believe the Bitcoin market is preparing to enter a correction phase...Read More
Bitcoin Core developer Luke Dashjr is having doubts about the safety of Bitcoin’s existing storage solutions after his personal wallet was drained of over $4 million in coins last month. The programmer suggested that his practice for storing his coins was well in excess of “standard practices,” and yet he was still successfully robbed. Is...Read More
The Bitcoin Fear and Greed Index – a metric that determines the community’s general sentiment on the primary cryptocurrency – spiked to a state of “Neutral” for the first time in nearly nine months. The increase comes as a result of BTC’s positive start in 2023. At Last, out of the ‘Fear’ Zone The Bitcoin...Read More
With the crypto space witnessing some relief from the bearish trend, the Bitcoin miners quickly started accumulating. This amplified the price smashed above $21,000 and also reached close to $21,500. However, the price is facing a minor pullback at the moment which is considered a minor correction, but some on-chain data shows that the miners...Read More
Michael Saylor, the co-founder and executive chairman of American business intelligence firm MicroStrategy, has shared what he thinks will happen to bitcoin (BTC) in the next eight years while outlining how it will come into play. In a recent interview with Cory Klippsten, the founder and CEO of Swan Bitcoin, Saylor noted that he sees...Read More
Bitcoin (BTC), the cryptocurrency with the largest market cap, has been experiencing a relief bounce since the beginning of the year. The crypto market as a whole has been able to recover from the terrible decline that occurred in 2022 because of the current price rebound. Over the course of the last day, the asset...Read More
The mining data site Hashrate Index has released a report reflecting on the state of the Bitcoin mining industry throughout 2022. The analysis examines the steep decline in mining profitability in 2022 compared to 2021 amid plummeting Bitcoin prices and a rising hash rate. The Hardest Hitting Bear Market Per the report published on Wednesday,...Read More
The year 2022 has been a roller coaster ride in total with a lot of huge price crashes, many firms entering into bankruptcy along with scams and hacks. Well, now as the year 2023 began on a positive note, a new hope has sparkled among investors and traders. However, the question – is this a...Read More
Two weeks into the year, and crypto markets are rebounding. The Bitcoin and Ether price are each up some 20% on the seven-day chart. But a recent study of altcoins aims to give crypto investors pause before they go trading the rally. When the market makes a move like this, crypto traders often shuffle. They...Read More
