It’s been a while since the crypto market has seen some good rays of positive market trends. The cryptocurrency market has been hit with volatility since the month of April. Amidst this instability, the world’s largest cryptocurrency by market cap is hovering between the $20,000 and $21,000 range. The currency also dropped below $20,000 before...Read More
US Federal authorities have arrested and charged two 21-year-old men in Virginia with planning a violent robbery of bitcoins worth millions of dollars. The duo had plotted to break into a family’s home in Westchester County, NYC, and force its residents to reveal the code to the private key of the wallet which they thought...Read More
Bitcoin began the month of June slightly beyond the $31,600 mark. However, shortly after, BTC plummeted below the $30,000 mark, where it remained there for almost a week. As a result, traders are predicting how Bitcoin will trend in July. The loss beneath $29,000 on June 11 never recovered because Bitcoin fell steeply to a...Read More
Yifan He, the CEO of Blockchain-based Service Network (BSN), published an article on June 26 referring to cryptocurrencies as the “biggest Ponzi scheme in human history.” He is also the CEO of Red Date Technology, which happens to be one of the founding members of China’s blockchain infrastructure. The article was published in the state...Read More
The outflows of digital asset investment products reached a stunning record-high of $423 million last week amid deepened market dumps, according to the Bitcoin ETF provider ProShares. The amount sharply increased from the prior largest outflow of $198 million by January this year. Up until the data by June 24th, the net flow Year-To-Date (YTD)...Read More
Securities and Exchange Commission (SEC) Chairman Gary Gensler recently confirmed that he believes Bitcoin is best classified as a commodity, rather than a security. However, he refused to comment on the classification of any other cryptos, leaving the status of altcoins like Ethereum still unclear. Bitcoin VS The Rest In an interview with CNBC on...Read More
Faustin-Archange Touadéra – President of the Central African Republic (CAR) – has announced that his nation’s burgeoning crypto hub will launch on July 3rd. The initiative (also known as the “Sango” project) is intended to make CAR the most “progressive” economy in Africa through the use of blockchain technology. The Genesis of Sango President Toudéra...Read More
With bitcoin losing nearly half its value at one point a week ago and marking an 18-month low, the asset’s situation seemed gloomy at best. However, there are some positive signs as investors have been continuously withdrawing their BTC holdings from exchanges. BTC on Exchanges Sees 3-Year Lows A lot has been said about what...Read More
Till today, 2022 has been an exceptionally difficult year for the financial market, with stocks, bonds, and virtual currencies all failing in the face of restrictive financial conditions. Inflation and restricting liquidity in the economy has put enormous strain on the excessively bought crypto industry. Almost all of the current suffering originates from overvalued funds,...Read More
Big four accounting firm Deloitte tapped Bitcoin-focused financial services firm New York Digital Investment Group (NYDIG) for a strategic alliance that aims to help companies access financial services built on Bitcoin. The newly formed alliance will focus on offering Bitcoin-related financial services to companies of all sizes. Its targeted areas include banking, consumer loyalty and...Read More
Although a well-known analyst predicts trouble, crypto assets appeared to have steadied on Saturday morning as Bitcoin held over the $20,000 mark. Investors are being advised that Bitcoin is going to fall even further by the well-known crypto analyst who correctly forecast the present market difficulties. The trader claims that there is no evidence that...Read More
For the third straight day, all major cryptocurrencies, including Bitcoin, Ethereum, and Solana, extended their gains as the situation finally picked up pace. Although it has maintained slightly above $21,000 over the previous 24 hours, bitcoin has been quite stable and calm. The king coin has been overshadowed by altcoins, with ETH, SHIB, AVAX, and...Read More
The distributed ledger is the fundamental technology behind blockchains like Bitcoin and Ethereum. The latest report, titled “Are Blockchains Decentralized?” by security research firm Trail of Bits, poses a question on the thesis of decentralization as the longstanding notion of blockchain, arguing that it may be more centralized-oriented than the crypto industry tends to think....Read More
Bitcoin’s energy consumption has reportedly declined drastically since only three weeks ago. Estimates from the Cambridge Bitcoin Electricity Consumption Index on Friday show that the network now consumes more than 25% less power than it did at the start of the month. According to the index, Bitcoin’s current electricity consumption is approximately 10.65 gigawatts. That’s...Read More
This week has been rather bullish for most digital assets as the market continues to show splendid recovery after hitting its bottom on June 18th. Bitcoin price is up over 3% today, trading at $21.2k, Ethereum price managed to close in at $1.2k, BNB is up over 12% this week, trading above $240, XRP saw...Read More
Coinbase Derivatives Exchange, previously FairX, is all set to launch its first listed crypto derivatives product – Nano Bitcoin futures (BIT). BIT Futures on Coinbase Derivatives Exchange According to the official announcement, BIT will be available to retail investors to trade from June 27 on the CFTC-regulated futures exchange. Boris Ilyevsky, Head of Coinbase Derivatives...Read More
The price of Bitcoin continued to fall yesterday, dropping as much as 2.9 percent to $20,244. BTC is currently trading at $20,357.77, a slight improvement from yesterday. Notably, it is moving in tandem with the weakening stock market due to concerns about a global recession. Controversies on the Bitcoin Launch Timing Satoshi Nakamoto started working...Read More
Ethereum competitor Avalanche announced new support for native Bitcoin (BTC) through its bridge solution built on its crypto wallet Core. Following the news, its native token AVX spiked higher, outperforming major digital assets like Bitcoin and Ethereum in the past 24 hours. Wrapped BTC on Avalanche Ava Lab – the foundation behind the smart contracts...Read More
Despite the recent volatility, according to Binance CEO Changpeng Zhao, the cryptocurrency market is still growing. He added that the Bitcoin record high might occur in the future. He did warn that some businesses established at the height of the market would have challenges in the future. In an interview with The Guardian, Zhao made...Read More
Binance US – the US-based division of the world’s largest crypto exchange – announced a new pricing model that offers zero fees for four bitcoin trading pairs, including BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD. The crypto giant becomes the first American exchange that makes such a service available to its users. The elimination of such trading...Read More
India’s biggest crypto fraud to date continues to throw up new details, extending the size and scope of the scam even four years after the case first came to light. Earlier, the police estimated that the GainBitcoin scam involved about 80,000 BTC, but now they suspect the number to be anywhere between 385,000 to 600,000,...Read More
After yesterday’s bullish rebound where Bitcoin and Ethereum prices saw significant price growth, the momentum is currently dying, with BTC and ETH prices retracting a few percent. Bitcoin is struggling to hold the $20k support level while Ethereum is attempting to stay afloat above $1k. The recent bearish momentum is likely due to continuing investor...Read More
Digital assets-focused firm Arcane’s latest research on bitcoin miners indicates that public-traded companies sold 100% of their mined coins in May due to declined profit margins and volatile market conditions. The selling rate drastically jumped from roughly 30% in the first four months of 2022. HODL Strategy During the bull market, publicly-traded bitcoin miners tended...Read More
Citing the need to meet customer liquidity requirements in these challenging times, the US-based crypto platform said it had secured the loan in the form of a credit facility just a day after FTX provided the same type of a loan to BlockFi. The company’s statement informed of the size of the loan, which is...Read More
Bitcoin price is up over 4% today as the cryptocurrency continues to rally past the $21k mark, currently trading at $21,546. Major cryptocurrencies like Ethereum, Cardano, XRP, and Solana are also showing substantial price growth, with SOL gaining upwards of 10% in the past 24 hours. The bullish momentum this Tuesday comes amid the stock...Read More
Bitcoin price currently appears to have gained huge strength as the bullish momentum has uplifted the price above the danger zone. After breaking the previous highs around $19,000, BTC price had marked new lows at $17,600. Here an extreme bullish price action gained more than 23% of the value to rise the price beyond $21K...Read More
ProShares – the leading Bitcoin ETF provider in the United States – has announced that it will launch the country’s first short-linked Bitcoin ETF on Tuesday. This will allow investors to gain short exposure to the leading cryptocurrency, effectively betting against the asset’s performance. Hedging Against Bitcoin In a press release from ProShares, the Bethesda...Read More
As recession fears pushed stock markets and cryptocurrencies to two-year lows last week, things are looking better this Juneteenth, as a federal holiday observes the end of slavery in the United States. Stock markets are closed today, which provides an extra day for cryptocurrencies to show bullish momentum and regain some of their prices. However,...Read More
The cryptocurrency market is witnessing a tremendous selloff, with most assets losing more than 40% of their value in less than 24 hours. Bitcoin’s price is currently challenging the 2017 all-time high range of $17,500 to $20,500 and is constantly shadowing lower prices, indicating that sellers are exerting excessive pressure. BTC hit a fresh 18-month...Read More
After a scary correction this Saturday, with the Bitcoin price dropping to a low of $17.9k, the BTC price is recovering again, currently trading at $19.4k. Ethereum also recovered after dipping to $900, currently trading at $1k, up over 5% in the past 24 hours. The market saw a significant recovery after yesterday’s dump, which...Read More
