Most of the crypto observers predict Bitcoin (BTC) at its present level is the perfect ‘buy-the-dip’ option at a time. They feel this is when the crypto industry is struggling under strong pressure as several crypto companies face liquidation concerns. Bitcoin (BTC) price is presently hovering lower than the $20k mark, as the currency has...Read More
Scott Quinn Berkett – a 25-year-old resident of Beverly Hills, Los Angeles – reportedly pleaded guilty to transferring $13,000 worth of bitcoin to a hitman on the Dark Web. The latter was supposed to kill Berkett’s ex-girlfriend. Bitcoin on the Crime Scene According to coverage by CBS News, the California man and his unidentified partner...Read More
Bitcoin price continues to trade in red while trying hard not to fall below the $20,000 crucial support level. In the last 24 hours, the king coin is trading in the range of $20,400 and $21,240. The coin has lost more than 29 percent of its value in the last seven days. The top 10...Read More
The dramatic collapse in UST brought tremendous selling pressure, catching many off-guard. But the subsequent negative macroeconomic conditions have adversely affected the cryptocurrency market as a whole, with institutional demand plunging to the lowest levels. Grayscale Bitcoin Trust (GBTC) Hits Lowest Point The Grayscale Bitcoin Trust, an investment vehicle provided by asset manager Grayscale Investments,...Read More
Mike Novogratz, a prominent Bitcoin bull and the CEO of digital asset investment firm Galaxy Digital, noted that cryptocurrencies are here to stay even though it will take a while for the market to turn bullish. Novogratz: Bitcoin Isn’t Going Away The billionaire told Bloomberg in an interview that assets, including crypto and stocks, that...Read More
Despite the recent pullback of the cryptocurrency market, the British cryptographer and an outspoken supporter of bitcoin – Adam Back – thinks the asset could tap $100,000 by the end of 2022. He also admitted that he kept buying amounts of BTC and HODL for the long term. No Matter the Crash, Back Remains Bullish...Read More
U.S. Congress issued another letter to the Environmental Protection Agency (EPA) on Thursday with more educational material on proof of work. This time, however, it came with a positive spin – and was co-signed by a handful of crypto bulls, rather than skeptics. The Promises of Proof of Work The letter calls on the EPA...Read More
Faustin-Archange Touadéra – President of the Central African Republic (CAR) – urged people to understand bitcoin’s “disruptive power to bring long-term prosperity.” In his view, the primary cryptocurrency could serve as a lifeboat during the turbulent economic times nowadays. ‘Understanding Bitcoin is Crucial’ In April this year, the Central African Republic made the headlines becoming...Read More
FTX CEO Sam Bankman-Fried (SBF) issued another statement on Thursday regarding his opinion on Bitcoin’s scaling potential. He believes the network itself is not designed to handle massive volumes, but that various neighboring technologies can help Bitcoin – as an asset – be used for global trade. Asset Can Scale, Network Cannot As tweeted by...Read More
The crypto market had a brief jump as Ethereum (ETH) and other key cryptocurrencies surged to move signaling green. Bitcoin (BTC) increased significantly, still it is trading much behind its historic level of $69,000 set in November 2021. There is visible relief in the cryptocurrency market, as the wider crypto market value has regained 4.96%...Read More
After incurring significant losses earlier this week, the Bitcoin and Ethereum prices managed to hold support this Thursday as stock markets jumped Wednesday afternoon briefly amid the Fed raising interest rates by 75 basis points to fight inflation. The last time interest rates were as high as they are right now was two years ago...Read More
Michael Saylor – CEO and founder of the largest corporate BTC holder MicroStrategy – reiterated his bullish stance on the company’s bitcoin strategy and, once again, shook off the rumor regarding a margin call hitting some of the firm’s holdings. Saylor restated his commitment to continue purchasing bitcoin as well. On the Bitcoin Strategy Despite...Read More
It is a known fact that the crypto space is now in the middle of a notable bear market which is yet to find its bottom. The star crypto, Bitcoin, currently appears struggling to restore the last line of defence above $20,000. In such a case, the crypto market tumbles down heavily and at the...Read More
Even with the Fed raising interest rates by unprecedented amounts, last week’s Consumer Price Index (CPI) numbers showed a further 6% gain. Record gas prices continue to drive inflation at an incredible rate, causing uncertainty in global markets. Since the Bitcoin and Ethereum prices continue to follow stock market actions, we’re seeing further losses as...Read More
MicroStrategy refuted rumors that it had received a margin call against its $205-million bitcoin-backed loan from Silvergate Capital, although BTC dipped below the company’s liquidation price of $21,000. The NASDAQ-listed business intelligence giant started accumulating massive portions of bitcoin nearly two years ago. Since then, it has bought nearly 130,000 BTC. Some purchases came from...Read More
The Founder of SkyBridge Capital – Anthony Scaramucci – advised investors to remain disciplined amidst the ongoing crypto havoc. He compared the months-long selloff to the Internet bubble burst in 2000 while noting that some crypto gems will survive the winter as Amazon did twenty-two years ago. “Stay Disciplined” As the bloodbath deepened, bitcoin slumped...Read More
New York City Mayor Eric Adams has spoken against the bill that seeks to impose a two-year moratorium on bitcoin mining plants, which are not 100% run by renewal energy in the New York state. He thinks the moratorium can impede the growth of the bitcoin mining industry in the United States. The controversial bill...Read More
It’s been a rough start to the week for crypto investors. The total market cap slumped below $1 trillion for the first time in 18 months. Bitcoin spearheaded the crash, falling to $21,000 on Monday, and Ether (ETH) dropped to as low as $1,093. The sell-off worsened after news surfaced that the U.S. Federal Reserve...Read More
As expected, this week, the stock market opened in a bear market, with the Dow losing 876 points, S&P falling into bear territory, and the Nasdaq selloff continuing. Bitcoin and Ethereum saw significant bearish momentum on Monday, which continued through Tuesday, with the Bitcoin price losing nearly 25% this week and the Ethereum price down...Read More
Bitcoin and cryptocurrency sell-off has heightened with no signs of a respite. Amidst the ongoing mayhem, Binance temporarily halted Bitcoin withdrawals on the BTC network specifically – withdrawals through other networks such as BEP20 are working as intended. “Binance has temporarily paused #Bitcoin withdrawals on the $BTC network. Meanwhile, you can still withdraw BTC on...Read More
Bitcoin and Ethereum prices show significant losses this Monday, with BTC trading at $23.7k and ETH dropping nearly 16% to $1.2k. Current cryptocurrency prices are bringing the market back to January 2021, with the global market cap finally dropping below the $1 trillion level, currently at $965 billion. Panic at the Market There’s evident panic...Read More
Blockware Solutions – a blockchain infrastructure and Bitcoin mining firm – has released a report analyzing the pace of Bitcoin’s adoption, and what to expect going forwards. The firm’s analysis calls for a minimum of 1 billion Bitcoin users, with a predicted 10% of the world using the network by 2030. The Math of Bitcoin’s...Read More
While the general cryptocurrency market has been in the red for most of 2022, recent reports reveal that more traditional hedge funds are still investing in digital assets, with the number of such entities estimated to reach 300. More Traditional Hedge Funds Getting Into Crypto According to the 4th Annual Global Crypto Hedge Fund report...Read More
This weekend is rough for the global crypto market as it’s nearing a year low. Bitcoin struggles to hold support, dipping below $19k, and Ethereum is facing significant bearish pressure as the ETH price is down 10%, currently trading at $1,500. As Terra 2.0 (LUNA) is considered an altcoin, it’s no surprise that LUNA is...Read More
The global crypto market jitters over the US inflation rate accelerating to a new 40-year high. Despite Friday’s sell-off, The Bitcoin Fear & Greed Index saw a modest rise during early Asian trading hours. The bearish session saw bitcoin fall to sub-$29,000 before finding support. With the Bears over the control, Bitcoin has experienced a...Read More
The world’s leading provider of news, broadcasts, and videos – Bloomberg Media Distribution – expanded its coverage of cryptocurrency data on the Bloomberg Terminal. The company will track the performance and latest updates of the top 50 digital assets, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and more. From 10 to 50...Read More
TBD – one of the Bitcoin business units at Jack Dorsey’s Block – has launched an “extra decentralized web platform” called “Web 5”. The platform’s goal is to decentralize data storage and put users back in control of their identity – by leveraging the Bitcoin blockchain. The Future of Data Storage? According to TBD’s website,...Read More
Jan Van Eck, CEO of global investment manager VanEck, believes the value of one bitcoin could skyrocket to as high as $250,000, but the quarter of a million dollars prediction could take decades to happen. Bitcoin at $250k Could Take a Decade The VanEck CEO made the bullish price prediction in a recent interview with...Read More
Block Head Jack Dorsey is teaming up with the famous hip-hop artist JAY-Z to fund Bitcoin education for the latter’s hometown. With a series of free classes on the subject, they intend to inform residents of Marcy Houses in Brooklyn, New York why they should care about the primary cryptocurrency. The Bitcoin Academy The educational...Read More
After a brief slowdown in May, the Bitcoin network’s hash rate has rebounded to new all-time highs. In total, miners are now producing an average of 258 exahashes per second (EH/s), per day. According to public hash rate data, the average daily hash rate has spiked by 4.41% in the past 24 hours alone. Just...Read More
