On-chain data analysis firm Santiment reported that whales purchased 60,000 BTC in one day, making it the biggest daily accumulation this year. Bitcoin whales, in this context, are those big investors and institutions holding between 100 to 10,000 bitcoins in a single address. According to Santiment, these addresses currently hold a combined 9.12M bitcoins –...Read More
The financial specialist and professor at the New York University – Aswath Damodaran – criticized bitcoin in a recent speech. In his opinion, the primary digital asset “failed miserably” and did not prove itself as a good currency. Gold and BTC Are Not The Same The prominent Indian professor – Aswath Damodaran – shared his...Read More
The demand for the Purpose Bitcoin ETF has resumed after the mid-May decrease. Consequently, the company’s product has increased the bitcoins it holds by almost 30% in less than two months. Purpose BTC ETF Holds Almost 22.5K Coins CryptoPotato reported earlier this year when Canada’s Ontario Securities Commission (OSC) approved a filing by the financial...Read More
Bitcoin price is up a robust 8.5% from the July low of $32,700, recorded both on Thursday and Friday. The coin surged over $3K over the past two days, breaking above the 20-day moving average line at $34.9K, and is now facing a combination of significant resistance on the daily timeframe. The major resistance is...Read More
Bitcoin’s weekend struggles seem to be nowhere near as the cryptocurrency initiated another leg up and reclaimed $35,000. Most of the altcoins have charted gains as well, with Ethereum jumping above $2,300 for the first time since mid-June. Bitcoin Reconquers $35K After the volatile week in which BTC reached a multi-day high of $36,600 and...Read More
Mark Alexander Hopkins, also known as “Doctor Bitcoin,” pleaded guilty on charges against him of running an illegal cash-to-crypto scheme. After allowing criminals to exchange fiat currencies for bitcoin, he faces imprisonment of up to five years. Texas vs. ‘Doctor Bitcoin’ The Acting U.S. Attorney for the Northern District of Texas – Prerak Shah –...Read More
The owner of an exclusive Beverly Hills residence, listed for $65 million, is allowing buyers to pay with Bitcoin to acquire the property. If executed, the deal will break the record for the most expensive estate sold for cryptocurrency. BTC Invades Beverly Hills The American business magazine Forbes reported that the multimillion-dollar home in Beverly...Read More
Coinfirm revealed that some users on the notorious Darkweb have been selling falsified vaccine certificates for COVID-19 and stolen doses of vaccines in exchange for a variety of cryptocurrencies. Per the report, one can buy 10 shots of the AstraZeneca product for $250 or its crypto equivalent. BTC in Exchange for a Coronavirus Shot Criminals...Read More
In a bid to secure financial freedom for all, fintech firm Strike has announced that its clients can now purchase Bitcoin (BTC) with no extra fees on its platform. Strike Launches Bitcoin Tab Announcing the development today, Strike noted that it had launched a “Bitcoin Tab” feature, which would make Bitcoin acquisition cheap, simple, reliable,...Read More
Bitcoin’s bull run hasn’t ended, and its price could increase by more than 40% by the end of August, asserted the creator of the popular stock-to-flow model. He also predicted that the next few months will be make it or break it for the S2F. Over the course of the past few months, bitcoin’s price...Read More
The Dutch crypto provider Bitcoin Meester has become the exclusive partner of the top soccer team AZ Alkmaar. As part of the deal, the team will receive some of the funds in bitcoin, which it pledged to hold. AZ Alkmaar – The First Soccer Club to Operate with BTC One of the most successful soccer...Read More
Dawn Fitzpatrick, the CIO of Soros Fund Management who said crypto was at an “inflection point” earlier this year, approved the trading of Bitcoin and possibly other cryptocurrencies. Financial news website TheStreet reported that “people familiar with the matter” speaking on condition of anonymity, stated that Fitzpatrick and her team have been exploring crypto assets...Read More
A new partnership will allow Americans to purchase bitcoin from more than 600 banks in the United States. According to fresh reports, a new partnership between digital asset management firm NYDIG and payments behemoth National Cash Register (NCR) will allow 650 U.S. banks and credit unions to offer crypto trading services to clients through mobile...Read More
It seems that the Mexican government has no interest in becoming the next Bitcoin Nation, nor does it want its private banks to walk down that road. Mexico Says No To Crypto The Secretary of Finance and Public Credit of the Government of Mexico, Arturo Herrera Gutierrez, shared on his Twitter account an official statement...Read More
With bitcoin’s price recovering more than $5,000 in a few days and heading towards a multi-day high, bulls have received further support that the asset may aim even further north. The popular Puell Multiple metric has displayed a buy signal for just the fifth time, with every previous occasion being “spot on,” according to analysts....Read More
After the enhanced volatility in the past few days in which BTC displayed several multi-thousand dollar moves, the cryptocurrency has calmed around $35,000. Some altcoins have charted more significant gains, with ETH reclaiming $2,100 and DOT surging 6%. ETH Above $2,100; DOT Reconquers $16 The alternative coins mimicked BTC’s performance in the past several days...Read More
Research by crypto analytics firm Glassnode has revealed that institutional demand remains slow as the Bitcoin market continues to fight for support while mining selling pressure increases. The report stated that one of the largest factors in the institutional narrative has been the one-way flow of crypto assets into Grayscale’s GBTC trust fund. Traders sought...Read More
Craig Wright, the man who claims to be Satoshi Nakamoto, has just won a legal dispute related to the copyrights of the Bitcoin Whitepaper. According to information from Ontier LLP, the law firm representing Craig Wright, the nChain scientist was today awarded a default judgment in his copyright infringement action against ‘Cøbra.’ Craig Wright 1,...Read More
Mad Money host Jim Cramer is still bullish on Bitcoin, but instead of buying more BTC he went for Ethereum this time, claiming it can be used to buy more things like NFTs (Non-Fungible Tokens). In an interview with CNBC’s Squawk Box, Cramer said a lot of money is coming to Bitcoin despite its current...Read More
The financial analyst and Global Head of Equity Strategy at Jefferies – Christopher Wood – opined that the Chinese officials want no competition for its digital renminbi. That is why they enforced the crackdown on bitcoin and other cryptocurrencies lately. China Cares About its CBDC Not Carbon Footprint Christopher Wood – the prominent financial analyst...Read More
Bitcoin and other cryptocurrencies cannot and should not replace fiat currencies, argued the former finance minister of Greece, Yanis Varoufakis. Additionally, he supported the popular narrative that counties should aim at adopting blockchain while averting from using BTC. Bitcoin Cannot Replace Fiat Speaking to the Greek Reporter, Varoufakis, who has never been a bitcoin fan,...Read More
The lower number of miners on the Bitcoin network has caused severe disruptions as the rate of newly-produced coins have dropped to just 58 new ones created in a day, says on-chain data. Furthermore, miners’ revenue has plummeted in the last month, while all eyes are on the upcoming difficulty adjustment. The Disruptions on the...Read More
More updates coming from Paraguay in terms of its possible crypto adoption indicated that the nation is actually looking for regulation instead of making BTC a legal tender. Prominent economist and cryptocurrency basher Steve Hanke was quick to applaud the reversal. Paraguay: Regulations Not Legal Tender June became a historic month for the primary cryptocurrency...Read More
Bitcoin is up another 5% over the past 24 hours as it battles with resistance at $35K. The double bottom formed over the weekend has played out nicely and has allowed bitcoin to break resistance at a falling trend line that dates back to the May peaks. As mentioned yesterday, the double bottom formation could...Read More
Mexico’s third-richest man, Ricardo Salinas Pliego, continues with his support for bitcoin by indicating that his bank is planning to start using BTC. While outlining the limited supply of the cryptocurrency as its most crucial merit, he said it would be the asset he would choose to invest in if he had to pick only...Read More
Bitcoin prices have come just shy of $35,000 during Monday morning’s Asian trading session. The upwards momentum follows a bearish weekend which saw the asset slump to a Saturday low of $30,300. The psychological $30K support level has held strong as Bitcoin prices rise back into their range-bound channel. At the time of press, the...Read More
The effects of the Chinese crackdown on Bitcoin mining continue to harm the network as the hash rate has dumped to its yearly low of below 90 Ehash/sec. This comes just days before the next difficulty adjustment, which is expected to be one of the largest in BTC’s history. Bitcoin Hash Rate Drops to Yearly...Read More
In the middle of another volatile weekend for Bitcoin, the primary cryptocurrency is up by 11% from the $30K low that was recorded yesterday, and is now facing resistance above $33K. On Friday, bitcoin saw a sharp drop from the $35k price area until finding support at $30k on Saturday. Looking at the following short-term...Read More
After the Saturday bloodbath in which bitcoin dipped to just over $30,000, the cryptocurrency has bounced off and recovered more than $3,000 of value. Most altcoins have also reacted well, with ETH surging to nearly $1,900, and the market cap has reclaimed $100 billion in a day. Bitcoin Spikes Above $33K As it happened during...Read More
If Bitcoin’s fall grom $62,000 to the perilous $30,000 mark seems scary, then buckle up: Some analysts believe it could get even worse… And if conditions remain the same, that is very likely to be the case. The sharp drop from $60,000, the arrival of the infamous death cross, the bad news coming out of...Read More
