The Bitcoin closed a daily candle above $20,000 on Tuesday, marking the highest daily close in about 24 days. That’s after trading range-bound from the $19K to $20K level for the latter half of September. Foreign pressure on the Fed to slow rate hikes and a low supply of bitcoin on crypto exchanges rallied the...Read More
Fidelity Investments doubled down on its cryptocurrency efforts after its brokerage arm – Fidelity Brokerage Services LLC – offered an Ethereum Index Fund to clients. The product has raised around $5 million since sales started at the end of September, while outside investors can participate in the initiative with a minimum investment of $50,000. Fidelity’s...Read More
The United States Securities and Exchange Commission (SEC) imposing a penalty of $1.26 million on reality star Kim Kardashian carries an important message about the regulator’s conviction on cracking down on sketchier corners of the cryptocurrency world. While many in the community acted in disbelief, others felt Kardashian was an easy target and that the...Read More
The alternative asset manager – New York Digital Investment Group (NYDIG) – announced the departure of its CEO Robert Gutmann and its President Yan Zhao. Tejas Shah and Nate Conrad will take their posts, respectively. Changes at the Top The cryptocurrency-focused company revealed that its bitcoin balances hit an all-time high during Q3, up almost...Read More
Bitcoin price is back within the range, displaying a lowered strength as its closest competitor, DXY Index is trading along the resistance. However, a minor relief may be expected in the coming days as the DXY Index may witness a slight pullback. This may uplift the BTC price beyond $20,200 but could end up being...Read More
The creator of the bitcoin Stock-to-Flow (S2F) model – PlanB – admitted that recently he made his third BTC investment. At the time of the purchase, the primary cryptocurrency was hovering around $20,000. Due to its significant price depreciation compared to the all-time high of $69,000 in November 2021, many people proclaimed bitcoin dead in...Read More
The author of the best-seller believes the US Federal Reserve will continue to raise interest rates, which will ultimately push the prices of BTC, gold, and silver down even more. However, this presents a good buying opportunity that could make investors smile in the future. Buy BTC Now, Says Kiyosaki Robert Kiyosaki used to be...Read More
In a two-year-old gaming app fraud case, the top Indian financial crime investigating agency has frozen 85.9 bitcoins, equivalent to $1.6 million, held in an account on Binance. Separately, it also froze WRX, the native coin of WazirX, and USDT together, worth nearly $550,000. Earlier this month, the agency raided several premises in Kolkata in...Read More
The fluctuating price behavior of Bitcoin (BTC) continues to play havoc with traders’ and investors’ sentiments. Traders are still making predictions about what Bitcoin (BTC) will do in the upcoming month of October. According to a well-known crypto analyst, the fourth quarter of the year may see rallies in the cryptocurrency markets. The host of...Read More
The price of bitcoin (BTC) has been moving sideways for the second week in a row due to the persistence of two bearish caps and the lack of new lows being made by the price action itself. Is now the ideal moment to accumulate Bitcoin, nevertheless, given all the price drops? The historically ideal times...Read More
Even if Bitcoin ended September with a loss, previous good rallies in October may encourage bulls. Only twice since 2013 has BTC ended the month of October in the negative, according to data from coinglass: in 2014 and 2018. This makes a recovery in October more likely. Since last week, the price of BTC has...Read More
One of the largest telephone operators and mobile network providers in Spain – Telefonica – partnered with the crypto exchange Bit2Me to allow clients to pay for services in digital assets. Cryptocurrency adoption seems to be on a high level in the Iberian country. A few months ago, the leading airline company – Vueling –...Read More
The Texas-based bitcoin mining giant is entering a merger agreement with SilverSun Technologies, a publicly-traded business technology solutions provider, as Rhodium is planning to list on Nasdaq after an initial delay. Meanwhile, the fall in the price of BTC and the ongoing crypto winter has caused bitcoin mining companies to struggle to stay afloat. Rhodium...Read More
Prominent business intelligence and software company MicroStrategy is looking to hire a software engineer to develop a Lightning Network-based SaaS platform. This comes shortly after the firm’s former CEO – Michael Saylor – stepped down. According to its job listing, the company has advertised for a position that seeks an experienced software developer for a...Read More
Bitcoin miners continue to operate at a loss as long-term holders are selling at a loss, according to an on-chain analysis from Glassnode. The firm estimates that industry players are still selling roughly 8000 BTC per month to cover their USD-denominated business costs. Miners in the Red As tweeted by Glassnode on Wednesday, miner balances...Read More
The American asset manager that specializes in cryptocurrencies – Pantera Capital – is looking to raise $1.25 billion for its second blockchain fund. Not long ago, the head of the company – Dan Morehead – argued that the digital asset market had hit its bottom in June and a bull run is on the horizon....Read More
It was in November 2021 that the world’s first cryptocurrency, Bitcoin hit an all-time high of $69,000. Since then BTC has been struggling for a bull run combating increasing interest rates by the Federal Reserve to curb the rising inflation. Amidst this increasing inflation rate, there comes a fear of recession where a few market...Read More
BitMEX co-founder Arthur Hayes recently called Bitcoin the “cure” to yield curve control (YCC) – the process by which governments use quantitative easing to suppress rising bond yields. The former CEO predicted that YCC will soon spread to central banks across the globe, implying the leading cryptocurrency will grow attractive in the process. Bitcoin and...Read More
On-chain data shows that Bitcoin’s mining difficulty was lowered to 31.36 trillion hashes at a block height of 756,000. Despite this, the Bitcoin ecosystem is still guarded by the most secure blockchain network. According to data from BTC.com, the Bitcoin mining difficulty adjustment decreased by approximately 2.3% on September 28th. The latest decline comes two weeks...Read More
The two biggest cryptocurrencies, Bitcoin and Ethereum, both fell by almost 8%, wiping out any gains made earlier in the week. The BTC price was able to climb above the $20,000 resistance level thanks to the bulls. Near the $20,500 region, the price encountered a significant rejection and is now trading below $20,000. Overall, below...Read More
The Luna Foundation Guard (LFG) denied moving bitcoins after a trail of coin movement led South Korean authorities to initiate steps to freeze assets. Kwon also denied these claims moving Bitcoin from LFG wallets to KuCoin and OKX. While addressing “misinformation” against him, the founder added that he hasn’t used the two crypto exchanges for...Read More
A new study published Tuesday by the Cambridge Center for Alternative Finance (CCAF) shows that almost 62% of Bitcoin’s total energy consumption since January 2022 was generated from fossil fuels. This means renewable sources only amounted to 38% of the total energy consumed by BTC miners this year. As a Proof-of-Work (PoW) blockchain, processing and...Read More
Ever since the LUNC-USTC crisis kicked off in May, the founder, Do-Kwon, is in deep water. Initially, he was accused of fraud and a scam, but presently the founder is being probed by the alleged crypto fugitive. According to some reports, the authorities have now moved forward to seize more than 3000 Bitcoin stored in...Read More
Bitcoin’s push above the coveted psychological $20,000-level came after nearly 10% gains over the past 24 hours. This was followed by a mass profit-taking session as traders anticipating the threshold began selling their bags, as Santiment’s data. 📈 Many traders were apparently awaiting the $20k threshold to begin selling their bags. As #Bitcoin crossed back...Read More
Shares of the Grayscale Bitcoin Trust (GBTC) have never been cheaper relative to the value of the company’s underlying Bitcoin holdings. The GBTC discount has gone below 35% again for the first time since June. While the company’s holdings per share are worth $17.27, the market value of each share is only $11.18. Figures for...Read More
While the Federal Reserve disclosed another possible interest rate hike, one of the well-known analytic firms has come up with its study on Bitcoin (BTC). Firm, Glassnode in its latest newsletter Jan Happel and Yann Allemann, its co-founders are of the opinion that Bitcoin’s price trend below $20,000 is all due to immense pressure faced...Read More
The IRS is going after crypto owners who fail to report gains on their taxes. The US tax authority got a court order Thursday enjoining an NYC bank to turn over records on potential crypto tax dodgers. While crypto markets appear in the throes of “winter” against buys made last November to date, half of...Read More
The price of Bitcoin has dropped by 4.44% over the previous week, and it is now worth $18,992.77 after rising by 0.02% over the past hour. Bitcoin saw a severe bear market in the latter part of August as the bears seized power. The bears were driving prices below $19003.72 in the first week of...Read More
A Guatemalan circular Bitcoin economy known as “Bitcoin Lake” is leveraging Bitcoin ASICs to clean the nearby Lake Atitlán while generating income for the community. As Bitcoin Lake Founder Patrick Melder explained, the “Kaboom” mining project is repurposing used cooking oil to help mine Bitcoin, rather than pollute the local environment. Mining Helping the Environment?...Read More
The Brazilian authorities reportedly ordered Glaidson Acácio dos Santos (known as “Bitcoin Pharaoh”) to deposit 19 billion BRL (nearly $3.7 billion) in court. This sum will be transferred to more than 122,000 investors and creditors who have become victims of his fraudulent cryptocurrency scheme. Last year, the Brazilian Federal police organized a special mission called...Read More
