Bitcoin (BTC) surpassed $20,000 for the first time in five days. Last week, the king coin briefly fell below $19,000 before rebounding ground during a rally on Friday. As per coincodex, BTC is currently up by more than five percent in the last 24 hours and is trading at $20,373.55. The past six months have...Read More
Twitter and YouTube accounts of the British Army were simultaneously hacked on Sunday and used for promoting two different crypto scams. However, by Sunday evening, the compromised accounts had been restored to normal, media reports said. Cyber Attack The unknown hackers changed the account details to make them look in sync with the crypto scams they...Read More
Multichain, previously known as Anyswap, has announced integration with RSK blockchain, a Bitcoin merge-mined smart contracts platform. According to the press release shared with CryptoPotato, the integration aims to facilitate the transfer of ETH, USDC, BUSD, and other assets between RSK, Ethereum, and BNB Chain. The broader focus of the decentralized cross-chain router protocol will...Read More
The second quarter of 2022 saw the cryptocurrency market’s downward trend continue. Bitcoin’s price has decreased from over $69,000 in November 2021 to about $19,000 as a result of the ongoing crypto market crash. The cryptocurrency had a roughly 40% decline in June, according to Coin Metrics data, making it its lowest month since 2010....Read More
This year, June was simultaneously bullish and bearish as the Fed raised rates to combat rising prices and cryptocurrencies dropped. Additionally, according to industry experts, cryptocurrencies have shown impressive ties to stocks, frequently moving in tandem during trade, imitating Bitcoin, which is expected to keep expanding through the rest of 2022 and beyond. Amidst the...Read More
Cryptocurrency markets continue to trade sideways this Saturday as the global crypto market capitalization remains above $868 billion while Bitcoin trades above $19k and Ethereum manages to stay above $1k. Major stocks rallied during the first day of the year’s second half, ahead of a long July 4th weekend, spelling some good news for global...Read More
Bitcoin prices have been trading below $20,000 for the second day in a row and displaying huge possibilities of dropping hard. The current descending trend is expected to get accelerated soon which may drag the price much lower. However, amid the bearish trend, a minor possibility of a short-term bounce emerges, which may lay the...Read More
After a bearish week, the global cryptocurrency market continues to trade sideways today, sending Bitcoin below the $20k level and Ethereum below $1.1k. Stocks are having one of their worst years, with Tech Stocks showing significant bearish momentum in 2022. The good news is that the selloff has subsided this Friday as BTC remains above...Read More
The government of El Salvador purchased 80 BTC amid the cryptocurrency market crash. The country spent over $1.5 million to acquire the assets. El Salvador made the headlines last year, becoming the first nation to make bitcoin legal tender inside its borders. Apart from its entrance into the ecosystem, the Central American country has also...Read More
Lightning Labs has announced the release of the beta version of the Lightning Network Daemon (lnd). The firm has revealed incorporating several improvements in the new – v0.15-beta. The main idea is to offer developers and users access to the “latest and greatest” Bitcoin protocol upgrades that include Taproot and Musig2. Taproot and Experimental Musig2...Read More
The past months have been long and bumpy for Bitcoin, which took yet another plunge below the psychological level of $20k. But that isn’t stopping the retail investors from buying the dip. Investors, both big and small, have lost significant money on their Bitcoin bets. But latest data from IntoTheBlock suggest that retail is stacking...Read More
As Bitcoin’s price tanks below 2017’s highs, the latest Bitcoin ETF to hit the US market has been thriving. ProShares short Bitcoin ETF (BITI) is already the second-largest Bitcoin ETF in the country. Bullish on the Bear Market Since BITI launched on June 21st, its accumulated net short exposure equivalent to 939 BTC within a...Read More
With bitcoin continuing to experience adverse price movements and dumping below $20,000 for the second time in June, the asset is on the brink of registering its worst-performing quarter in about a decade. Bitcoin’s 60% Q2 Drop Data from Coinglass shows that the primary cryptocurrency is down by almost 60% in Q2, which will end...Read More
After a sharp rebound last week, Bitcoin and Ethereum again suffer significant bearish momentum as BTC and ETH prices dip to yearly lows at $19k and $1k, respectively. The bear market is in full effect for crypto and traditional markets. Tech stocks are having their worst year yet, with major stocks like Apple Inc (AAPL)...Read More
Bitcoin has fallen roughly 70% from its spike of $68,000, and it may fall even more. Meanwhile, while many investors predict a Bitcoin bottom, others seem to have exited the market due to the fear of declining prices. Nevertheless, as per the data, the actual situation is not what it appears to be with the...Read More
Nearly $2 trillion in crypto market value has evaporated in months since the sky-rocketing prices in November last year. But, according to JPMorgan Chase & Co.’s Nikolaos Panigirtzoglou, the deleveraging that prompted the rout is at an advanced stage and may not have much further to run. A Bottom May Be Near With markets sliding...Read More
Mark Newton – technical strategist at the investment insights firm Fundstrat – is not convinced that Bitcoin has reached its bottom. He claims there is a significant chance of a “final washout” style event that could take the top cryptocurrency as low as $12,500. One Last Crash? As Newton explained in a note to Bloomberg...Read More
It’s been a while since the crypto market has seen some good rays of positive market trends. The cryptocurrency market has been hit with volatility since the month of April. Amidst this instability, the world’s largest cryptocurrency by market cap is hovering between the $20,000 and $21,000 range. The currency also dropped below $20,000 before...Read More
US Federal authorities have arrested and charged two 21-year-old men in Virginia with planning a violent robbery of bitcoins worth millions of dollars. The duo had plotted to break into a family’s home in Westchester County, NYC, and force its residents to reveal the code to the private key of the wallet which they thought...Read More
Bitcoin began the month of June slightly beyond the $31,600 mark. However, shortly after, BTC plummeted below the $30,000 mark, where it remained there for almost a week. As a result, traders are predicting how Bitcoin will trend in July. The loss beneath $29,000 on June 11 never recovered because Bitcoin fell steeply to a...Read More
Yifan He, the CEO of Blockchain-based Service Network (BSN), published an article on June 26 referring to cryptocurrencies as the “biggest Ponzi scheme in human history.” He is also the CEO of Red Date Technology, which happens to be one of the founding members of China’s blockchain infrastructure. The article was published in the state...Read More
The outflows of digital asset investment products reached a stunning record-high of $423 million last week amid deepened market dumps, according to the Bitcoin ETF provider ProShares. The amount sharply increased from the prior largest outflow of $198 million by January this year. Up until the data by June 24th, the net flow Year-To-Date (YTD)...Read More
Securities and Exchange Commission (SEC) Chairman Gary Gensler recently confirmed that he believes Bitcoin is best classified as a commodity, rather than a security. However, he refused to comment on the classification of any other cryptos, leaving the status of altcoins like Ethereum still unclear. Bitcoin VS The Rest In an interview with CNBC on...Read More
Faustin-Archange Touadéra – President of the Central African Republic (CAR) – has announced that his nation’s burgeoning crypto hub will launch on July 3rd. The initiative (also known as the “Sango” project) is intended to make CAR the most “progressive” economy in Africa through the use of blockchain technology. The Genesis of Sango President Toudéra...Read More
With bitcoin losing nearly half its value at one point a week ago and marking an 18-month low, the asset’s situation seemed gloomy at best. However, there are some positive signs as investors have been continuously withdrawing their BTC holdings from exchanges. BTC on Exchanges Sees 3-Year Lows A lot has been said about what...Read More
Till today, 2022 has been an exceptionally difficult year for the financial market, with stocks, bonds, and virtual currencies all failing in the face of restrictive financial conditions. Inflation and restricting liquidity in the economy has put enormous strain on the excessively bought crypto industry. Almost all of the current suffering originates from overvalued funds,...Read More
Big four accounting firm Deloitte tapped Bitcoin-focused financial services firm New York Digital Investment Group (NYDIG) for a strategic alliance that aims to help companies access financial services built on Bitcoin. The newly formed alliance will focus on offering Bitcoin-related financial services to companies of all sizes. Its targeted areas include banking, consumer loyalty and...Read More
Although a well-known analyst predicts trouble, crypto assets appeared to have steadied on Saturday morning as Bitcoin held over the $20,000 mark. Investors are being advised that Bitcoin is going to fall even further by the well-known crypto analyst who correctly forecast the present market difficulties. The trader claims that there is no evidence that...Read More
For the third straight day, all major cryptocurrencies, including Bitcoin, Ethereum, and Solana, extended their gains as the situation finally picked up pace. Although it has maintained slightly above $21,000 over the previous 24 hours, bitcoin has been quite stable and calm. The king coin has been overshadowed by altcoins, with ETH, SHIB, AVAX, and...Read More
The distributed ledger is the fundamental technology behind blockchains like Bitcoin and Ethereum. The latest report, titled “Are Blockchains Decentralized?” by security research firm Trail of Bits, poses a question on the thesis of decentralization as the longstanding notion of blockchain, arguing that it may be more centralized-oriented than the crypto industry tends to think....Read More
