Bitcoin and other cryptos are now being accepted as means of payment at two of Ukraine’s largest tech retailers: Techno Їzhak, and Stylus. Customers can now purchase products from each retailer using Bitcoin from their online stores, or from their combined 100+ retail locations. Per a report from the Ukrainian outlet Obozrevatel, Bitcoin payments at...Read More
A gloomy week! Since the start of this week, the bears have had their control across the crypto market. This majorly impacted Bitcoin and Ethereum as Bitcoin lost its $22,000 mark and Ethereum’s $1,700 level. However, now a popular crypto analyst and trader has put forth his analysis on bitcoin org bitcoin org Event OrganiserTechnologyPayment...Read More
Fidelity’s Director Comments On The BTC and ETH Price Bitcoin and the overall cryptocurrency market have experienced a tremendous run-up over the past 45 days since the start of July 2022. In a series of tweets on Friday, Jurrien Timmer, director of Global Macro, in the global asset allocation section of Fidelity Investments, discussed his...Read More
Publicly-traded Bitcoin mining company Stronghold Digital Mining (SDIG) said it plans to return more than 26,000 mining rigs to New York Digital Investment Group (NYDIG) to reduce its debt significantly. NYDIG is a leading bitcoin firm that helps miners finance mining equipment and power infrastructure. The mining company also intends to restructure a convertible note...Read More
Digital asset manager Monochrome has received regulatory approval from the Australian securities watchdog to offer spot crypto exchange-traded funds (ETFs). According to an official announcement, Monochrome is one of the first asset management firms to secure an Australian financial services license (AFSL) from the Australian Securities & Investments Commission (ASIC) for crypto-related ETFs. Monochrome Bitcoin...Read More
Cardano’s (ADA) price action was pretty bullish but the recent price actions had significantly dropped the price within the same descending triangle again. The traders are currently waiting for the confirmation of the ADA price trend and awaiting for the bulls or the bears to display their dominance. Considering the present price movement, the possibility...Read More
Celsius Network’s financial projection shows that it is likely to run out of cash by October, but the lending firm witnessed a breakthrough. A New York judge has approved Celsius’ request to sell Bitcoin that it mines as it undergoes bankruptcy. While the process is expected to reinstate financial stability for the beleaguered platform, Chief...Read More
Bitcoin price has now been rejected from $24,000 for the ‘nth’ time from now and appears to slash hard below $23,000 in the coming days. While the buying volume has apparently dropped in the past couple of days, the possibilities of a quick rebound also appear pretty low. Therefore, a significant drop may be expected...Read More
Despite unsettling market conditions, Anthony Scaramucci has not backed down from his stance on Bitcoin and cryptocurrencies in general. The founder and CEO of the financial services company SkyBridge Capital are well known for their unwavering support of BTC. Regarding the current market activity, Scaramucci contended that “fraud combined with excessive leverage” was to blame...Read More
The Norwegian bitcoin mining company – Kryptovault AS – reportedly plans to move its operations north of the Arctic Circle. The relocation is prompted by the rising electricity costs in the country, while the northern regions are still relatively unaffected by the crisis. Over the past few years, Norway has turned into a cryptocurrency mining...Read More
Bullish start to the day! The crypto market has opened the day on a bullish note as major cryptocurrencies like Bitcoin, Ethereum, Cardano, Solana and others are back on green signal. Bitcoin price has reclaimed the $24,000 price levels and is currently trading at $24,573 after a surge of 2.50% over the last 24hrs. Meanwhile,...Read More
Maximiliano Hinz – top executive of Binance Latin America – argued that the spiking inflation is the main reason why the largest cryptocurrency exchange has amassed more clients in recent months. Another factor is the historically strong dollar, which has weakened other fiat currencies from emerging markets. Over the past few years, numerous experts and...Read More
Anthony Scaramucci – founder and managing partner of Skybridge Capital – believes BlackRock’s Bitcoin trust, among other developments, will contribute to a demand shock for Bitcoin that will send its price soaring. He added that the “future” is arriving sooner than he thought, and predicted that Bitcoin will reach $300,000 per coin within a few...Read More
Compared to Bitcoin, the altcoins are performing excellent. An analyst, pseudonymously known as InvestAnswers’s host, informs his 443,000 YouTube followers that 94% of the altcoins have outperformed the king currency on the Bitcoin Dominance chart. However, the analyst is still hopeful of the Bitcoin price to spike alongside the altcoins. The strategist explains that whenever...Read More
BlackRock has followed up its Coinbase partnership with its first institutional crypto investment product: a private bitcoin trust that offers direct exposure to spot BTC price action. BlackRock has debuted its first investment product offering direct exposure to bitcoin, according to a statement issued on Thursday (August 12, 2022). The product is a private bitcoin...Read More
In the 13 years of its existence, Bitcoin has risen from obscurity to $1 trillion highs, settling over $60 trillion in total transfer volume along the way. Despite these feats, Bitcoin’s decentralized design limits it to a mere 7 transactions per second. In times when demand to use the network exceeds 7 transactions, users experience...Read More
According to the multinational investment bank – JPMorgan Chase & Co. – the main reason for the recent recovery of the cryptocurrency market is the expectation that Ethereum will complete its shift from Proof-of-Work to Proof-of-Stake this year. Bitcoin is currently up by over 35% compared to its lowest level in June, while Ether has...Read More
A well-known crypto analyst and trader puts forth his analysis saying that Bitcoin’s price action is depicting the same pattern of 2018 and 2015 bear markets. During the recent discussion, strategist Tone Vays informs his 122,000 YouTube followers that there is one indicator of Bitcoin that he is closely watching on the asset’s monthly chart....Read More
After maintaining a $23,000 price level since the start of August, the world’s first currency, Bitcoin price had surpassed the said level and reclaimed $24,000 yesterday. However, the currency couldnt hold on to that for long and tumbled down to $23,000 range. At the time of publication, Bitcoin is selling at $23,893 with a surge...Read More
The Thai-based cryptocurrency exchange – Zipmex – will reportedly enable its customers to partially withdraw some of their Bitcoin and Ether holdings, starting from August 11. The company was one of the worst-hit entities from the bear market in the past several weeks. At the end of July, the platform paused clients’ withdrawals citing volatile...Read More
Matt Corallo – a long-time Bitcoin developer and one of Blockstream’s Co-Founders – thinks BTC maximalists are not helping their favorite cryptocurrency by calling all other digital asset protocols “scams.” Instead, those should respect some altcoins because many have significant use-cases. Over the years, the largest cryptocurrency by market capitalization has amassed numerous individuals as...Read More
Telstra Ventures – the investing arm of Australian telecommunication giant Telstra – released a health report on three top blockchains, including Bitcoin, Ethereum, and Solana, by studying the extent of participation derived from developers in each ecosystem. With the most number of monthly active contributors, noted the Ventures, Ethereum is the “strongest and largest community”...Read More
Ethereum price is entering the crucial resistance zones in an attempt to close the weekly trade above $1800. As the traders appear to have switched to accumulation mode, the ETH price is expected to range beyond $2000 in the coming weekend. As per Glassnode, the addresses holding 100+ coins have reached a 15-month high of...Read More
One of the oldest soccer clubs in the UK – Oxford City – will reportedly allow fans to purchase match tickets, food, and beverages in bitcoin instead of fiat currency. The initiative will see the light of day following a multi-year partnership between the team and the digital asset exchange CoinCorner. Over the years, the...Read More
The year 2022 has brought nothing but turmoil to the cryptocurrency sector, and among these were Bitcoin, as the price was pulled down as low as $17,700 on June 18. Since then, the King currency has formed a pump and dump pattern. However, Bitcoin has started its recovery phase and has never seen that low...Read More
The world’s leading financial derivatives platform – Chicago Mercantile Exchange (CME) Group – revealed intentions to introduce Bitcoin and Ether Futures tide to the euro later in August The company already has a deep history with the crypto industry. A few months ago, it launched micro options on Bitcoin and Ether futures, justifying its move...Read More
Today the world’s first cryptocurrency, Bitcoin opened the market on a bullish note. Bitcoin price has reclaimed its $23,000 price levels after facing a downfall for the last couple of days. Now, though the flagship currency is hovering just above its $23,000 range, the currency is still much behind before it revisits its all-time high...Read More
American digital payments company Block Inc.’s second-quarter (Q2) revenue dropped by 6% year-over-year (YOY) to $4.4 billion. Although the numbers still topped Wall Street’s expectations of $4.35 billion, it suffered a loss of $208 million during the quarter, the Associated Press reported. Following the Q2 results, Block shares slipped 5.35% to $84.90 in after-hours trading on...Read More
One of the leading economies in Asia – Japan – will once again have cryptocurrency automated teller machines (ATMs). Despite being a financial hub, the country removed all such devices in 2018 following a hack against a local exchange. The number of cryptocurrency ATMs across the globe has rapidly increased in the past few years....Read More
One of the leading bitcoin mining companies – Riot Blockchain – mined 318 BTC in July – a 28% production decrease compared to June’s figures. The main reason for the crippled productivity was last month’s extremely hot weather in Texas. It caused the company to shut some of its mining rigs in the area as...Read More
