Crypto mining pool service provider Poolin becomes the latest casualty of panic withdrawals that left several crypto platforms with serious liquidity issues forcing them to halt withdrawals, among other services. Poolin Suspends Withdrawals, Flash Trade Beijing-based mining pool Poolin has announced the suspension of withdrawals, flash trades, and internal transfers in its bid to...Read More
The term ‘Whale’ refers to a trader in financial markets with a significant amount of capital. Due to the large size of a whale trader’s position, these investors are in a position to influence markets to move in either direction when they make large buy or sell orders. In the last 10 days, the Bitcoin...Read More
The small Central American nation made history exactly a year ago when it officialized BTC as a legal tender, becoming the first-ever country to do so. Since then, another one has followed El Salvador’s example, while the Bukele-led country has seen a lot of developments on the bitcoin front, some positive and some negative. How...Read More
As the crypto market declines below $1 trillion, the price of Bitcoin (BTC) slips below $19,000. The price of the largest cryptocurrency is still fluctuating between $18,000 and $24,000, which keeps investors on edge wondering where the price will go next. After the latest sell-off, Bitcoin was unable to recapture the $20,000 mark. The likelihood...Read More
The Canadian cryptocurrency miner HIVE Blockchain announced its August production figures, saying it mined 290.4 BTC and 3,010 ETH. The company’s equivalent BTC production was 518.8 BTC with an average hashrate of 3.70 Exahash. HIVE Blockchain also acknowledged the potential of Ethereum’s upcoming “Merge,” vowing to start mining various other GPU mineable coins once this...Read More
The Texas-based cryptocurrency mining firm – Core Scientific – produced 1,334 BTC in August and sold 1,125 BTC of that stash for approximately $25.9 million. In June this year, when the crypto market and bitcoin particularly dipped to record lows in years, Core Scientific parted with over 7,000 BTC for around $167 million. One of...Read More
The Ethereum price is coiling up ahead of the much-awaited Merger which is scheduled for Mid-September. This event has led to massive surges in the ETH, ETC, and other altcoin prices. However, the crypto community is divided. While some believe that the prices are likely to crash soon after the event, other analysts consider it...Read More
Arcane Research – a digital asset analysis firm – has published a report examining Bitcoin mining, and its relationship with global energy. The paper argues that the mining industry can transform worldwide energy production for the better – contrary to its frequent portrayal as a social and environmental harm. Reinforcing the Grid and Renewable Technologies...Read More
BlackRock – the world’s largest asset manager – has partnered with Kraken’s subsidiary CF Benchmarks to assist with its newly established Bitcoin Trust. According to a report from The Block, BlackRock’s Bitcoin product will be benchmarked using CF Benchmark’s indexes. CF Benchmarks is a member of the Crypto Facilities Group, of which is part of...Read More
It’s been a while that Bitcoin price action is not moving above $23,000 as the momentum has been switching between $19,000 and $20,000. The flagship currency has brought down most other cryptocurrencies. At the time of publication, Bitcoin is selling at $19,834 with a pinch of surge by 0.50% over the last 24hrs. The upcoming...Read More
Bitcoin price was on the verge to close the monthly trade on a bearish note, however, the asset surged marginally above $20,000. Woefully, the asset is constantly hovering around $20,000, maintaining a constant descending trend. While the asset is believed to be under bearish captivity for a long, a notable upswing may be fast approaching. ...Read More
Seven Seven Six – a US-based venture capital firm founded by Reddit’s creator Alexis Ohanian – will reportedly raise a $177 million fund to invest in the cryptocurrency market. The company plans to allocate the amount directly into digital assets that are currently trading way below their all-time high levels. Earlier this year, Ohanian raised...Read More
As hawkish remarks from the US Federal Reserve concerning inflation and the economic slowdown continue to weigh on riskier assets, the price of bitcoin today rose to trade above $20,000 after falling below the level in the previous sessions. At $20,333, the largest and most widely used cryptocurrency was trading slightly higher. According to recent...Read More
Iranian trade minister revealed on Monday that regulations and logistics have been finalized to facilitate the use of crypto in Iran’s international trade. The move comes nearly 3 weeks after it officially announced to have completed $10 million worth of imports paid in crypto. Iran Approves Crypto for Global Trade Iran’s Trade Minister Reza Fatemi...Read More
The Chicago Mercantile Exchange (CME) has announced the launch of euro-denominated Bitcoin and Ether futures in its marketplace. According to a press release from CME Group, Bitcoin and Ether Euro futures will each be sized at 5 Bitcoin and 50 Ether per contract. Contracts will be cash-settled, based on the CME’s euro reference rate for...Read More
Joshua Lim – Head of Derivatives at Genesis Trading – recently provided a breakdown of Bitcoin’s late underperformance against the rest of crypto. He provided 2 metrics indicating that Bitcoin’s price is “heavy” relative to previous market cycles, followed by qualitative reasons for why this is the case. Ethereum Outperforming Bitcoin Per a Twitter thread...Read More
Eric Wall, a creditor of Mt. Gox, confirmed that new reports swirling that 137,000 BTC sent to creditors would soon be dumped on the market are false. In a recent Twitter thread, Wall said the repayment system is not live yet. While addressing the rumors floating around across social media channels, the former CIO at...Read More
Bitcoin price is been closely watched nowadays by many. The unexpected twists and turns have not only surprised many but also have outspread the uncertain clouds over the upcoming rally. Historically, September has been proven to be the most bearish month of the year. Therefore, many analysts believe the star crypto may reach the bottom...Read More
On August 27, Jordan Belfort, the man that inspired the award-winning movie The Wolf of Street, said during an interview with Yahoo Finance that he was wrong when he claimed that the price of Bitcoin would reach Zero. As Belfort put it, when he made that claim in 2017, he “hated cryptocurrencies” because the market...Read More
While the world’s first cryptocurrency, Bitcoin price is going downwards day by day, one of the closely followed crypto analysts and traders who’s been bearish towards Bitcoin for most of 2022, now has a bullish approach. An anonymous trader who is known as Capo, informs his 492,100 followers on Twitter that trader activity during Bitcoin’s...Read More
Before the world was hit by COVID-19, crypto assets such as Bitcoin and Ether showed little correlation with financial markets. Post-pandemic, the lines have become increasingly blurry. In a new blog post, IMF economists said several Asian countries have fiercely adopted digital assets in the last couple of years while highlighting the need for regulation....Read More
Bitcoin is yet again closer to recording another bearish weekend as the much-awaited breakdown is underway. To anyone’s surprise, BTC price just a week before had surged above $25,000, while many believed the bearish dominance may have reduced. However, all the bullish action went in vain with the Fed Chair’s 8-minute long speech addressing the...Read More
The global crypto market cap had been maintaining its range above $1 trillion for quite a long time, but today, it has dropped below $1 trillion. In the last 24hrs, the global crypto market cap has slipped by 6.57% to now be positioned at $963.89 billion. Dark bearish clouds surround the crypto space as nearly...Read More
Bitcoin, the world’s largest cryptocurrency by market cap, is flashing green after a week of experiencing bearish pressure. However, though the currency seems to be moving favorably, the bears seem to have gained some technical stability in the short term. A massive price shift may be imminent because the volatility in the asset has decreased...Read More
Popular cryptocurrency ATM operator Bitcoin Depot is reportedly planning to become a publicly-traded company through a partnership with SPAC GSR II Meteora Acquisition Corp. A special-purpose acquisition company (SPAC) is a public company established to merge or acquire an existing entity. Although SPACs raise capital from investors through IPOs, they don’t have active business operations,...Read More
Bitcoin price is currently accumulating within a lower time frame and hence is speculated, to begin with, redistribution very soon. On the other hand, the BTC price has been trying very hard to hold above the lower trend line for a long time. Woefully, the extended bearish pressure may soon drop the asset below the...Read More
Despite being an outspoken supporter of bitcoin, the founder of the investment company SkyBridge Capital – Anthony Scaramucci – does not believe the asset has reached a status of a hedge against inflation yet. In his view, this will happen once BTC wallets hit a billion. In addition, the former White House official opined that...Read More
In the last seven days, Bitcoin’s price has experienced the biggest decline in the last two months after the price dropped by 10%. The market speculators have revealed that Bitcoin has overtaken the technical charts heading toward a bearish pullback. According to a financing service platform, Legacy Finance, a bear market is a situation where...Read More
Ronin hackers have transferred the stolen assets from Ethereum to the Bitcoin network, according to new findings by blockchain investigator and developer ₿liteZero. Recall that after the Ronin bridge hack in March, the attackers moved the $625 million worth of USDC and ETH to Ethereum-based crypto mixer Tornado Cash, making it difficult for authorities to...Read More
John Haar – a former member of Goldman Sachs’ Asset Management division – published an article detailing what he perceived were commonly held views about Bitcoin, sound money, and economics on Wall Street. He listed multiple reasons for which members of traditional finance either object to or fail to appreciate Bitcoin’s potential as global money. ...Read More
