The former Chief Executive Officer of MicroStrategy – Michael Saylor – abdicated from his post and took another role at the firm. He will serve as an Executive Chairman of the Board, particularly focused on bitcoin advocacy. The news positively impacted MicroStrategy’s shares, surging by 15% within 48 hours after the announcement. Earlier this week,...Read More
Bitcoin(BTC) pierce at the press time is trading around $23,088.04 with a drop of 1.82% in the past 24 hours. While the asset has recorded marginal gains in the past 7 days of 0.24% and surged more than 17.93% in the past 30 days. The market cap is also heading strongly towards $450 billion, currently...Read More
BlackRock, the world’s largest asset manager, is partnering with US crypto exchange giant Coinbase, to offer digital asset exposure to institutional clients. Coinbase announced the collaboration in a blog post on Thursday (August 4, 2022). According to the statement, institutional clients of BlackRock’s investment management platform Aladdin (Asset, Liability, Debt, and Derivative Investment Network) will...Read More
Galoy – an open-source Bitcoin banking platform – has introduced a new feature allowing individuals to hold U.S. dollar balances over Bitcoin’s lightning network. However, unlike other attempts to bring dollars to the blockchain, the feature uses neither stablecoins nor a direct fiat payment integration. Backing Dollars With Bitcoin As explained in a video shared...Read More
Bitcoin & Ethereum prices have risen in the recent past as an outcome of the July FOMC meeting outcome. Now when the assets have depleted considerably, it is very important to know whether the present trend is just a relief rally or a sustained upswing which intends to test the upper targets. However, as per...Read More
The US Department of Justice sentenced the 40-year-old resident of Pelahatchie, Mississippi – Jessica Sledge – to the statutory maximum of 10 years in Federal Prison. In 2021, the woman hired a “hitman” and paid him $10,000 worth of bitcoin to murder her husband. Additionally, the authorities jailed the citizens of Orange County – Jeremy...Read More
Bitcoin-evangelist and billionaire Michael Saylor has stepped down as the Chief Executive Officer of MicroStrategy – one of the world’s largest corporate holders of Bitcoin. He will continue to serve the company as executive chairman of the board. The news comes as part of MicroStrategy’s Q2 2022 Financial Results Presentation, which explains that Phong Le...Read More
Since the time Bitcoin reached $69,000 in November 2021, the flagship currency has faced a downward trend where the price even hit $17,622 recently in the month of June. The flagship currency is now recovering with the price claiming as high as $24,688 in the month of July. However, Bitcoin is still trading in the...Read More
The reality for the crypto industry and cryptocurrency prices in 2022 is institutional investment has only just begun. When it happens for real, the market will suddenly and drastically revise the exchange rate of crypto upward. Without looking it up, how much money would you know or reckon that institutional investors have exchanged for cryptocurrency...Read More
Bitcoin price is currently consolidating just below $24,000 after facing rejection at $24,400 during the previous trading day. Despite the current consolidation, the asset displays huge possibilities of breaking out from the bullish pattern and hitting $25,000 at the earliest. Conversely, the BTC price is expected to visit the buying zone once again by tanking...Read More
After the US GDP was released on July 28th, it was learnt that the GDP had fallen around -0.9%. Yet, the US officials had claimed that there is no recession. Meanwhile, BCA Reserache’s Chief Global Strategist, Peter Berezin has disclosed a few recession proof assets where he is of the opinion that this will help...Read More
In 2013, James Howells – a citizen of Newport, Wales – mistakenly threw away his iPhone-sized hard drive containing 8,000 BTC. To find his lost possessions (worth around $169 million as of now), the 36-year-old man reportedly came up with an $11 million master plan involving robot dogs and artificial intelligence-powered machines. A Needle in...Read More
The world’s first cryptocurrency, Bitcoin has now reclaimed $23,000 level and is strongly headed towards $24,000 price level. All this comes while the US enters the recession stage with its GDP dropping at -0.9%. However, a popular crypto analyst believes that bitcoin org bitcoin org Event OrganiserTechnology Followers : 0 View profile is about to form...Read More
Bitcoin miners’ balance has reached a four-year high. According to Glassnode’s latest data, the figures have surpassed 1,845,303 BTC. Bitcoin Miners Hodling Again From the great Chinese migration in 2021 to the ongoing bear market, the miners of the BTC network went through many challenges, including a shift in profitability. However, it appears that they...Read More
Bitcoin and Ethereum are pumping after the U.S. Bureau of Economic Analysis released its official GDP data for Q2 2022. The data shows that real GDP decreased by 0.9% year over year, marking the nation’s second consecutive quarter of negative GDP growth. Bitcoin traded for about $22,700 prior to the bureau’s release at 08:30 EST....Read More
The cryptocurrency market has picked up pace alongside the Federal Reserve interest rate hike of 0.75% and the release of the US GDP report that stands at -0.9% for the second quarter. The world’s first cryptocurrency, Bitcoin Price has surged by 11% trading at $23,926 and Ethereum, the second largest crypto by market cap is...Read More
The crash of Nigeria’s national currency (naira) reportedly pushed many residents to turn to alternative assets such as bitcoin and stablecoins to preserve their wealth. The peer-to-peer exchange LocalBitcoins marked a 258% increase in BTC purchases compared to last week’s figures. Nigerians View Crypto as a Lifeboat Nigeria’s official currency – the naira – is...Read More
Word on the street is big tech earnings by FAANG companies for quarter two might disappoint. The question is if this will have an impact on the broader market and, consequently – cryptocurrency. Apple and Amazon will follow with reports Thursday. Big Tech “FAANG” Companies Q2 Earnings Expectations Are Glum Though their earnings won’t directly...Read More
In its World Economic Outlook update for July, the International Monetary Fund said that 2022 has been “gloomy and more uncertain.” The report, published on July 26, noted that a “dramatic sell-off” of crypto assets led to large losses in crypto investment vehicles and hedge funds. However, “spillovers to the broader financial system have been...Read More
Jefferies analyst Brent Thill downgraded the software analytics provider to “underperform” from “hold” as the ongoing crypto shambles failed to demonstrate strong signals for a market reversal. The downgrade that categorized the stock from “hold” to “underperformance” maintained its price target at $180. Following the news and bitcoin dipping below $21,000 on Tuesday, shares of...Read More
XP Inc. – one of Brazil’s largest brokerage companies – expects to release its cryptocurrency platform by the middle of August 2022. Initially, the entity will allow trading with bitcoin (BTC) and ether (ETH), while it could add more digital assets later in the year. Crypto’s Decline Is Not a Concern to XP In May...Read More
After Bitcoin lost its crucial price level of $22,000 at the start of this week, the entire crypto space seems to be following it on its downward plunge. This price movement has influenced the global crypto market capitalization to fall below $1 trillion. A popular analyst and trader, Tone Vays, believes that Bitcoin will see...Read More
As the primary cryptocurrency hovers around $21,000, retracing back from the weeks-high level at $24,100, experts across the industry remain cautious in regards to its upcoming price action. However, emerging signs have indicated that the asset’s price has found a cyclical bottom, reported Bloomberg. A Cautious Attitude In Reign Among Experts The relief rally in...Read More
Since May, 2022, after Terra (LUNA) collapse, the crypto market is not in that good condition with an increase in negative news around the space. Even now, the overall crypto market sentiment is not positive with the increased price volatility along with declining interest in terms of Crypto derivatives. As per the report, in the...Read More
Elon Musk’s car manufacturer Tesla recorded a $170 million impairment charge for Bitcoin on its balance sheet during the first half of 2022. It also netted $64 million in gains from certain sales of the asset. The information comes attached to a 10-Q SEC filing from Monday. Tesla explained that it may make “no upward...Read More
In a recent Twitter thread, Arcane Research analyst Vetle Lunde revealed how many Bitcoin institutional investors had sold since Terra’s carnage kicked in, thus tanking the whole crypto market. In his estimate, Tesla sold 29,060 BTC at an average price of $32,209 in May. Forced Selling In Lunde’s view, massive institutional blow-ups in the past...Read More
Binance CEO CZ Zhao does not think anyone selling or buying Bitcoin can fundamentally impact the asset – even including Tesla CEO Elon Musk. To demonstrate his faith in the primary cryptocurrency, CZ said he is still holding most of the coins he bought when he just entered the industry. On Tesla’s Bitcoin Dump Commenting...Read More
When the data of Bitcoin mining difficulty is considered, there is a drastic drop from July 2021. As per the data, yesterday, on July 22, the Bitcoin mining difficulty has seen a drop of nearly 5%. This significant drop has in turn reduced the competition between miners for rewards. The same percentage of decline was...Read More
Famous American financier Anthony Scaramucci has admitted that having massive exposure to Bitcoin was a mistake in the short run, as he and his investment company suffered significant losses amid the bear market. Bullish on Bitcoin in the Long-term In his latest CNBC interview, Scaramucci noted that while his Bitcoin exposure via his investment firm,...Read More
It appears like the wider cryptocurrency market will close the weekend on a bullish note as the global crypto market is up by 2.15% position at $1.05 trillion. The overall crypto market is flagged green as the leading cryptocurrency, Bitcoin has reclaimed its $23,000 range. Even Ethereum, the second largest cryptocurrency by market cap, has...Read More
