The overall market cap fell to $1.07 trillion – a level last seen three months ago – before a modest recovery to the press time figure of $1.1 trillion. Bitcoin, for one, dumped close to a two-month-low after weeks of trading largely rangebound in recent months. Several top altcoins posted higher losses prompting concerns about...Read More
A Bitcoin whale – that has been dormant for more than 10 years – woke up from slumber to transfer the entire stash of the crypto-asset on June 8th. According to data from the on-chain analytic platform Lookonchain, 1,432.93 BTC, worth around $37.8 million, were moved to a new address, “bc1psv.” The whale, who ‘hodled’...Read More
Will the Federal Reserve stop raising interest rates next month? For Bitcoin investors, the answer may not actually matter. According to BitMEX co-founder Arthur Hayes, Bitcoin’s price and inflation will rise in tandem precisely because of hawkish central bank policy – contrary to what modern monetary theory would suggest. How Rising Rates Will Increase Inflation...Read More
Bitcoin’s network fundamentals have continued to explode this year. The price side of things, however, has been disappointing recently. With its stagnating since mid-March, concerns about possible downside targets stretching toward $20,000 have emerged. Despite some encouraging signs in recent months, Bitcoin’s latest retreat dragged its price below $27,000. Bitcoin’s Key Support Areas As the...Read More
Bitcoin’s price is still stuck in a narrow range, but it has never been more difficult to mine the world’s largest crypto-asset than it is now. Its network fundamentals paint a decisively bullish picture. According to data from BTC.com, the Bitcoin mining difficulty surged this week to 50.68 trillion, setting a fresh all-time high. The...Read More
Naturally, the question of whether Ethereum will overtake Bitcoin by total market cap is very interesting to crypto investors. And there are some pretty strong arguments to be made on both sides, which is why we decided to engage with unbiased AI chatbots. Will Ethereum Bitcoin Flippening Happen? Bitcoin maxis believe BTC will be the...Read More
Watch that little blue line on Google Trends for “bitcoin” hit the ceiling if the U.S. defaults on its debt. BTC might suffer at first as markets go risk-off, but could easily shine in another global financial crisis. House Republicans reached a tentative deal with President Joe Biden’s White House over the Memorial Day Weekend....Read More
On Tuesday, the prices of bitcoin and other crypto assets were seen trading at a discount on the Australian arm of Binance, the world’s largest crypto exchange by trading volume, compared to rival local platforms. As of 1:10 pm, bitcoin (BTC) was trading at A$34,863 ($22,670) on Binance Australia, about A$7,516 ($4,913) lower than the...Read More
Although it was launched less than a year ago in its current version, ChatGPT has already made massive strides in the AI community and has become a go-to chatbot for countless questions and inquiries. However, it’s worth noting that the AI virtual machine is not perfect, makes certain mistakes, and cannot be trusted blindly. No,...Read More
The company behind the world’s largest stablecoin announced on May 30 that it wants to mine BTC using sustainable energy in the South American country. To do so, Tether has decided to invest in “renewable energy sources to support and promote sustainable Bitcoin mining.” The company’s statement noted that the South American nation is among the...Read More
In its weekly on-chain report, analytics provider Glassnode cautioned that there is likely to be a big move ahead for BTC following a period of low volume and volatility. “Given the extremely low volatility, and narrow trading ranges of late, it seems this equilibrium is soon to be disturbed,” it noted. Bitcoin jumped 4% on...Read More
The former head of BitMEX – Arthur Hayes – has backtracked from his previous prediction about Bitcoin’s price trajectory. The exec said the largest crypto asset is unlikely to reach $70,000 this year, but 2024 could be bullish for the entire market. Bracing for Armageddon While speaking on the ‘What Bitcoin Did podcast,’ Hayes predicted...Read More
Crypto markets are in the green during the Monday morning Asian trading session. The momentum has been driven by a debt ceiling deal between U.S. President Joe Biden and top congressional Republican Kevin McCarthy. However, the tentative agreement to suspend the federal government’s $31.4 trillion debt ceiling has yet to clear Congress. Nevertheless, it has...Read More
Floridian programmer and an early Bitcoin miner named Laszlo Hanyecz’s purchase of two pizzas with Bitcoin in 2010 has been etched into history, marking a pivotal moment for cryptocurrency. Since then, Bitcoin Pizza Day is celebrated every year on May 22nd. However, scammers are lurking even on that day. In light of this historic event,...Read More
Bitcoin turned higher this week, recording a modest 2% gain. While the largest crypto asset continues to languish below several key levels, the holders’ accumulation over the past several weeks suggests that it is “increasingly being used as a buy-and-hold asset.’” According to Bitfinex’s latest report, over 68.45% of the total supply, amounting to 13.27...Read More
The “poor sentiment” surrounding Bitcoin dominated the trend over several weeks as its price mostly remained trapped below the $28,000 level. However, more recent data is flashing bullish for the world’s largest crypto asset indicating that it could potentially be on the cusp of a bullish breakout. Bitcoin Bottom Is In Bitcoin’s tight-range consolidation may...Read More
Today- May 22 – is the 13th anniversary of Bitcoin Pizza Day, a historic event that marked the first time BTC was publicly used as a medium of exchange. On 22 May 2010, Laszlo Hanyecz, a programmer and early Bitcoin adopter, forever etched his name in history by purchasing two Papa John’s pizzas for 10,000...Read More
Although typically regarded as a volatile asset with major price fluctuations, bitcoin has been stuck in a tight range for the past several days. However, all that could change in the following days, at least according to similar historical developments. Aside from a price dive on May 12 to a two-month low, BTC’s recent performance...Read More
In a recent interview, the former partner of Sam Bankman-Fried doubled down on his belief that the FTX founder is the crypto spin-off of Bernie Madoff. Nevertheless, Scaramucci added that he is sticking with crypto and bitcoin and provided his company’s intrinsic BTC value at the moment. The former White House Director of Communications for...Read More
With the US debt ceiling talks leading to no results, economists are wondering whether this situation could turn out to be a massive global financial crash, despite politicians still claiming that there will be a soft landing. Robert Kiyosaki, however, doesn’t believe this assertion and urged investors to turn to gold, silver, and bitcoin to...Read More
The Ho Chi Minh City People’s Court ruled that the Vietnamese residents – Ho Ngoc Tai and Tran Ngoc Hoang – will spend their lives in prison for kidnapping an individual and stealing $1.5 million worth of bitcoin from him. 14 other people who also took part in the crime received sentences between 9 and...Read More
Tether – the company behind the largest stablecoin by means of total market cap – USDT – will be buying Bitcoin. It joins the rank of other large corporations by adding the primary cryptocurrency to its balance sheet. Tether revealed today that starting this month (May), the company will “regularly” allocate as much as 15%...Read More
The legendary hedge fund manager – Paul Tudor Jones III – said he will always keep a “small” exposure to bitcoin since it is “the only thing that humans can’t adjust the supply in.” The American billionaire also suggested that the US Federal Reserve will cease its aggressive interest rate hike policy. Many experts previously...Read More
Business intelligence company MicroStrategy is doubling down efforts on bringing Bitcoin layer 2 scaling solution – Lightning Network – capabilities this year. Its executive chairman Michael Saylor shared an update notifying that the company is working on a product aimed at delivering a Bitcoin wallet and Lightning address to every corporate account holder. The main...Read More
Bitcoin has marked another significant milestone as the number of addresses holding at least one BTC hit an all-time high above one million. According to data on Glassnode, the feat was recorded on May 13, indicating an increasing interest in the asset class despite the price volatility and bear market. At the time of writing,...Read More
The latest buzz in the crypto world revolves around the newly introduced Bitcoin token standard (BRC-20), which has garnered considerable attention and favor owing to the recent memecoin craze. Despite the ongoing hype, the token standard is still subject to certain constraints concerning the broader crypto landscape. A recent report by leading crypto exchange Bitfinex...Read More
The People’s Court of Ho Chi Minh City reportedly brought to court 16 Vietnamese who might stand behind a $1.5 million crypto robbery and kidnapping. Interestingly, two of the defendants are former police officers. Vietnam is one of the global leaders in terms of cryptocurrency adoption. Despite its rising popularity, the government has not imposed...Read More
While Bitcoin had whittled down waitlisted transaction orders by Wednesday, network congestion remains high. Median confirmation time hovered markedly above ten minutes. The on-chain metric for Bitcoin network fulfillment sits at a high unseen since Feb 2023 and Dec 2022. Meanwhile, hundreds of thousands of transactions at a time sit waiting to be confirmed. That’s...Read More
The Prime Minister of Liechtenstein – Daniel Risch – said the local lawmakers plan to enable bitcoin payments for various government services. However, he did not disclose whether the country will adopt the primary cryptocurrency as a legal tender. Another country that has turned its focus toward BTC is Liechtenstein’s western neighbor – Switzerland –...Read More
Quarterly earnings reports are starting to pour in across the financial sector, and with them, updates on the state of crypto adoption across the industry. Although some companies are, understandably, still feeling the chill of crypto winter, even those are doing better than expected by analysts. In the case of firms with other priorities who...Read More
