A slew of major U.S. grocery chains have been targeted by scammers in recent months posing fake bomb threats with demands for ransom payments. While often involving cash or gift cards, the scammers have sometimes requested that their victims pay them in Bitcoin (BTC). The Supermarket Scam As reported by the Wall Street Journal on...Read More
Hut 8 announced entering into a $50 million credit facility with Coinbase Credit as the lender. In a statement, the North American crypto miner revealed that the proceeds from the loan will be used for general corporate purposes while providing it with added financial flexibility and helping it maintain a dynamic Bitcoin treasury management strategy....Read More
Jim Cramer – the host of CNBC’ financial TV show “Mad Money” – clarified that he is “not against crypto” but opposes such projects that scam people. This is yet another controversial statement coming from the American who has changed his view on the industry countless times over the years. The crypto community often mocks...Read More
Robert F. Kennedy Jr, who recently announced he will run for President of the US as part of the Democratic Party, vowed to implement Bitcoin-friendly policies if elected. The Republicans also have a crypto-loving candidate and his name is Francis Suarez. The 45-year-old, who currently serves as mayor of Miami, involved the city in numerous...Read More
The global acceptance of Bitcoin, the pioneering cryptocurrency, is projected to witness a remarkable surge over the next decade, according to industry analysts. With estimates indicating that global acceptance will rise from under 1% to over 10% by 2033, coupled with a decreasing supply of new Bitcoin entering circulation, the bullish prospects for the digital...Read More
The Bitcoin Spot Exchange-Traded Fund (ETF) has been a significant catalyst in the recent bullish rally that saw Bitcoin’s price touch near the $31,000 mark. However, the recent turmoil near $30K in Bitcoin’s price has raised questions about the sustainability of its uptrend. The pump led by the Spot ETF applications, which had previously fueled...Read More
The Bitcoin (BTC) market continued with the bear market relief rally in the last few days after a blast off towards $30k. The impressive rally has been described as whale-induced as institutional investors move quickly to absorb as many coins as possible before next year’s Bitcoin halving. From a technical standpoint, Bitcoin price on the...Read More
Recent survey conducted by TResearch estimated that nearly 93% of Salvadorans approve of the leadership of President Nayib Bukele. This has been the highest level of support for the political leader who stepped into his role in 2019. Bukele is a well-known figure across the cryptocurrency community, mainly due to his pro-Bitcoin stance. Under his...Read More
Just a few days ago, Bitcoin was consolidating heavily below $27,000 and failing to rise above these crucial levels. While the targets set for the flagship crypto were initially at $26,600, then $27,600, and finally $28,800, which acted as major resistance for a while. However, as the huge players entered the crypto space, the investors...Read More
Invesco – an American investment company with over $1.4 trillion of assets under management – reactivated its attempts to launch a Bitcoin Spot exchange-traded fund (ETF) in the United States. WisdomTree – another US finance giant – submitted a similar application to the SEC. The latest efforts come a few days after the world’s largest...Read More
On June 20, institutional-grade Bitcoin mining firm Iris Energy announced an expansion plan to 9.1 EH/s (exahashes per second) from its current 5.6 EH/s. It also stated that there would be a “revitalization” of its high-performance computing (“HPC”) data center strategy. Iris is a 100% renewable energy Bitcoin miner targeting low-cost, under-utilized renewable energy. $IREN...Read More
The latest Bitcoin upswing has induced massive confidence among investors as well as bullish momentum among other tokens. The trend is expected to continue for some more time, assisting the price to mark beyond the interim resistance at $28,000 and further at $30,000. Further, the trend of the price rising above the 2023 highs and...Read More
Following through on its promise in May, crypto exchange giant Binance confirmed on Tuesday that it has begun running multiple nodes on Bitcoin’s lightning network. The exchange plans to leverage the layer-2 scaling solution to enable cheaper Bitcoin (BTC) deposits and withdrawals on its platform. Binance resolved to integrate lightning after an explosion in memecoin...Read More
Crypto exchange giant Binance has moved at least nine figures worth of its Bitcoin to a new blockchain address, the company announced on Monday. The move has not affected the safety of user funds, which remain locked away with Binance in cold storage. Massive Move From Binance’s Wallet According to data from Blockchain.com, Binance’s new...Read More
Billionaire Twitter co-founder Jack Dorsey plans to allocate more capital to the Bitcoin ecosystem after pledging $5 million to the network’s core developers through his grantmaking organization Start Small. The firm will distribute the funds to the Bitcoin development non-profit, Brink, over the next five years in $1 million annual installments. According to its website,...Read More
Amid intense volatility in the crypto market, Bitcoin has been a beacon of intrigue, its recent recovery trend painting a picture of resilience amidst a storm of regulatory scrutiny. Bitcoin was trapped in a bearish region for a while because of the SEC’s intensified gaze on the crypto market. The situation was further exacerbated by...Read More
A new report by America’s largest cryptocurrency exchange Coinbase revealed that the effect of Bitcoin halving events on the asset’s performance is still unclear as several exogenous factors play significant roles in the market’s behavior. While the halving is viewed positively because it is believed to enhance BTC’s prospective scarcity and support its supply-demand dynamics,...Read More
Lux Vending – doing business as Bitcoin Depot – has reportedly filed a lawsuit against the sheriff’s office of McLennan County, Texas, accusing it of unlawfully seizing $15,000 from a BTC automated teller machine (ATM). The authorities confiscated the amount to compensate an elderly victim who had become a victim of a cryptocurrency scam. Bitcoin...Read More
Amid intense volatility in the crypto market, Bitcoin has once again proven its resilience and adaptability. The leading cryptocurrency has broken above the $26,000 mark, entering what many analysts refer to as the ‘acceleration zone’. This surge in price comes amid a wave of bullish energy sparked by BlackRock’s plan to introduce a Bitcoin Exchange-Traded...Read More
The $10 trillion asset management giant BlackRock filed with the Securities and Exchange Commission (SEC) to launch a Bitcoin Spot ETF on Thursday – a product yet to see life within the United States. BlackRock plans to partner with Coinbase to provide custody for the Bitcoin backing the funds, as with its Bitcoin trading service...Read More
Francis Suarez – the mayor of Miami – filed documents to run for President of the United States. He will be a candidate of the Republican party, attempting to prevail over well-known names, such as Donald Trump and Ron DeSantis. Suarez is an outspoken advocate of bitcoin, and his administration has introduced numerous initiatives focused...Read More
Bitcoin prices fell to $24,820 in early Asian trading on Thursday morning. It is the lowest the asset has traded for since March 16, three months ago. A thousand dollars was shaved off the price of BTC in less than an hour resulting in a daily loss of 3.6%. At the time of writing, BTC...Read More
An analyst who accurately predicted the bottom of the 2018 bear market for Bitcoin (BTC) suggests that the ongoing correction for the cryptocurrency is not yet complete. Analyst Bluntz, anticipates a brief rebound for Bitcoin before it continues its downward trend. The trader points to the bearish chart of Bitcoin as an indication that more...Read More
Binance CEO Changpeng Zhao (CZ) has taken to Twitter to quash rumors that his crypto exchange had been selling its crypto holdings, including BTC and BNB. The speculation had been rife on social media, with some asserting that the company was involved in significant sales of digital assets. However, Zhao debunked the rumors, saying Binance...Read More
The blockchain analytics provider – Santiment – revealed that bitcoin’s supply on cryptocurrency exchanges currently stands at 6.4%, which is the lowest level since February 2018. The rapid shift toward self-custody methods could be a result of the SEC’s legal actions against two of the leading crypto platforms – Binance and Coinbase. The Commission recently...Read More
A newly-surfaced video that dates back to 2018 showed that the current Chairman of the US Securities and Exchange Commission (SEC) – Gary Gensler – classified several cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), as “not securities.” His stance from nearly five years ago contrasts with his nowadays vision. Gensler has argued several times that...Read More
The U.S. Securities and Exchange Commission went ham on crypto exchanges last week by filing toothy lawsuits against Binance and Coinbase. While crypto exchanges and altcoins are in the hot seat, the regulator is leaving BTC and ETH alone, at least for now. When news of the SEC’s lawsuit against Binance and Coinbase hit markets,...Read More
Periods similar to the ongoing SEC-induced FUD test the resilience of short-term holders – a cohort that is typically the first to flee as the price of crypto-asset tanks. However, the latest data suggest that the movement of short-term Bitcoin holders depicted strong interest in staying in the market and gaining profitability. A CryptoQuant analyst...Read More
Due to unclear regulations in the United States, more than half of the bitcoin (BTC) that crypto firms hold for their customers has moved to offshore and international exchanges. According to a CryptoQuant research report shared with CryptoPotato, BTC reserves on U.S.-based crypto exchanges are down to 2017 levels, as they are being lost to...Read More
Bitcoin (BTC) Price Analysis The Bitcoin price witnessed a massive dump of over 3.38% in the past 24 hours, dragging the global market cap by nearly 6%, which is approaching the $1 trillion mark. The BTC price is currently retesting the $25,000 level, and if it fails to hold, then the price may drop towards...Read More
