After a notable rally in 2021 a couple of times, 2022 appears to be pretty relaxed, maintaining a squeezed rally. Traders appear to extract their profits with just a minor spike and compel the prices to chop around the lower levels. However, in the upcoming days, the space may witness a significant change which may...Read More
Michael Saylor – CEO of the software platform MicroStrategy – said investing in his company is almost like allocating funds in the still nonexistent in the USA – Bitcoin spot ETF. His organization is known as one of the most prominent BTC HODLers as it owns over $5.5 billion worth of the primary cryptocurrency. MicroStrategy...Read More
Around the Block from Coinbase Ventures sheds light on key trends in crypto. Written by Connor Dempsey TLDR: Despite the market downturn, Q1 was another highly active quarter for crypto venture funding. On the infrastructure side, we’re seeing a ton of activity within cross-chain solutions and DAO tooling. New layer-1s are still being incubated. Familiar...Read More
The Bitcoin price has now wiped out all the crashes that the flagship currency had experienced before Monday, April 18. The world’s first cryptocurrency even jumped a ten-day high hitting above $42,000. After facing a bearish pull for a few weeks, Bitcoin’s first retracement towards a bull run began from $40,000 and then $41,000 level...Read More
Tuesday and Wednesday has been a bullish day for the cryptocurrencies with the global cryptocurrencies surging by 2.48% to trade at $1.94 trillion over the last 24hrs. This bulls rally is led by the two largest cryptocurrencies Bitcoin and Ethereum as both are up by more than 2% over the last 24hrs. Analyst Sets Target...Read More
Bitcoin cannot get out of the range it has been trading in since February. Nevertheless, according to Glassnode analysts, the redistribution of coins from speculative investors to hodlers has already been completed. The experts again reminded traders about the accumulation of coins in the range of $35,000 – $42,000. Comparing UTXO at the time of...Read More
Crypto market has had a tough time since the start of April. Bitcoin (BTC) slid below $40K. In tandem with the market leaders, all the coins too have erased their recent gains and are trading in red. However, BTC found support near the $38,550 zone and started a strong recovery wave, and is currently changing...Read More
While the US watchdogs continue to reject BTC spot ETF applications, Australia has reportedly taken the Canadian route and will list its first-ever exchange-traded fund on the Cboe equities trading platform as early as next week. The local report dated April 19 reads that Australia’s main equity capital market regulator – ASX Clear – has...Read More
Since the start of April month, Bitcoin has had a tough time maintaining its pace as after hitting $48,000, the Bitcoin price gradually declined below $45,000, then to $43,000 trading around $40,000. Yesterday the Bitcoin price dropped below $40,000 and even reached the $38,000 level However, today, the flagship currency bounced back regaining the $40,000...Read More
India’s financial crime investigation agency Enforcement Directorate (ED) has sought the help of police in a case of bitcoin theft worth Rs. 6 crores ($790,000) by the investigators who were assisting the police in a crypto fraud case worth over $260 million. What Is the Case? As per media reports, ED officials visited the office...Read More
Greenridge Generation – a power generation and Bitcoin mining company – reportedly faces an “uphill battle” in staying compliant with New York state’s environmental law. The Department of Environmental Conservation (DEC) is currently under pressure from a regional activist group to have the facility shut down. The Fight to Reach Emissions Targets In a conversation...Read More
Over the week, several major news outlets ran stories covering the basics of cryptocurrencies like Bitcoin. One by CBS news claimed, “Crypto is not easy to spend.” That might have been true just five years ago, but in 2022, many national chain stores already accept Bitcoin. Here is a list of nine companies that accept...Read More
This week lawmakers in Brazil pushed to advance a bill that would legalize and regulate cryptocurrency— the National Congress of Brazil’s House bill 4401/21. Senator Iraja Abreu, who sponsored a Senate version of the bill (Senate bill 3825/19), dropped his version in favor of the House bill, carrying some provisions over to 4401-21. Bom Trabalho! (That’s...Read More
The cryptocurrency market has been trading sideways after a fierce selling wave hit the global cryptocurrency market. Bitcoin and Ethereum have also been trading in bear markets before finding a slight grip for a bull cycle today. Meanwhile the first meme cryptocurrency, Dogecoin has formed an ascending channel as the mem coin’s price action is...Read More
In a letter addressed to MicroStrategy’s stockholders on Thursday, the company’s CEO Micheal Saylor doubled down on his conviction of continuing its years-long bitcoin buying spree. The paper aimed to pave the foundation for the Annual Meeting of Stockholders scheduled on May 22nd, 2022. The CEO also promised that MicroStrategy, the publicly traded company with...Read More
Once considered an attractive country for Chinese Bitcoin miners after the country’s crackdown on any BTC mining activity, Kazakhstan now seems to be set to creating new taxes that will negatively impact the industry. On April 14, the Minister of National Economy, Alibek Kuantyrov, said in a government briefing that his team is working on...Read More
Bitcoin and Ethereum appear to have stuck up in a narrow range including all the other major crypto assets. Moreover, the current consolidation hints at a significant bearish divergence which may drag the price beyond the local support. However, one of the main reasons that could stop the BTC price from igniting a rally is...Read More
PlanB, the creator of the bitcoin Stock-to-Flow (S2F) model, implied that only a black-swan incident could drag the price of Bitcoin down to $24,500. The anonymous Twitter pseudonym in the past has missed Bitcoin’s price predictions on some occasions, but his bullishness on the asset still remains intact, asserting that it could reach $100K at...Read More
Cryptocurrency exchange Bitfinex, in collaboration with USDT issuer Tether, recently launched a digital asset fund and donated over $1 million in bitcoin to assist families in El Salvador affected by the ongoing gang violence in the country. Crypto Relief Fund Initiative is Bootstrapped With 25 BTC Bitfinex chief technology officer (CTO) Paolo Ardoino revealed that...Read More
BlockchainCom Co-Founder Nicolas Cary called out Cathie Wood’s positions having been trimmed off 50% after Wood implied the crypto exchange’s valuation was unjustifiable. Last month, the company raised another round of investment led by Lightspeed Venture Partners and Baillie Gifford, putting its valuation at $14 Billion, more than doubling from its prior fundraising round. “Her...Read More
Terra seems nowhere near concerned regarding the ongoing crypto dip. Instead, it topped up its bitcoin reserves with an additional purchase of $100 million worth of the asset. Earlier this year, Do Kwon – Founder and CEO of Terraform Labs – revealed the company’s intentions to introduce a stablecoin (UST), which will be backed by...Read More
Indria Kempis – Mexican senator for the State of Nuevo León – has introduced a bill to formalize the inclusion of virtual assets as a form of currency that may circulate in Mexico. However, it proposes that only the central bank can issue a digital currency, without any mention of Bitcoin. What Happened to the...Read More
Early today Bitcoin had plunged below $40,000 trading around $39,000. But the flagship currency has gained back its $40,000. Since the Federal Reserve started increasing interest rates in reaction to high inflation and continued geopolitical instability, Bitcoin, Ethereum, and the entire Cryptocurrency market declined in recent weeks. At the time of reporting Bitcoin Price is...Read More
Underscoring the role of India in web3 and the metaverse, Binance Founder and CEO Changpeng Zhao said the nation is a “natural frontrunner” in the evolution of the next generation of blockchain applications. “India is a huge market, as well as a leader in technology, and therefore will be a natural frontrunner for web 3...Read More
Of late the crypto market is submerged into a bearish pull with Bitcoin retracing below $42,000. This has forced other altcoins too to follow Bitcoin. The global cryptocurrency market capitalization has drastically fallen below $2 trillion positioning at $1.88 trillion with a fall of 4.63% over the last 24hrs. Where Is Bitcoin, Ethereum & Ripple...Read More
The Luna Foundation Guard (LFG) pool has bought Bitcoin yet again. The pool currently holds almost 40,000 BTC, worth some $1.675 billion at the time of this writing. Luna’s LFG pool has added another batch of Bitcoin to its stash – over 4,000 BTC, to be precise, which is worth some $176 million at the...Read More
Bitcoin was trading at its long-term support level during the prior day’s session, while the crypto markets continued to fall. This week, the price of bitcoin has dropped even further after a brief dip to $43,000 at the start of the week. As a result, unless Bitcoin price action can clearly rebound above $42,000, the...Read More
US Rep. Norma Torres (D-CA) introduced the Senate Accountability for Cryptocurrency in El Salvador Act (ACES) Monday. Rep. Rick Crawford (R-AR) co-sponsored the bill. Rep Torres averred: “El Salvador’s adoption of Bitcoin is not a thoughtful embrace of innovation, but a careless gamble that is destabilizing the country.” The bill instructs the State Department and...Read More
The United States could lose its preeminent financial and political influence in the world as other sovereign powers make haste to legalize and adopt Bitcoin as their reserve currency. The threat to America is not merely a matter of leaving an (increasingly plausibly) enormous amount of money on the table. Bitcoin is the largest ever...Read More
One of the most successful tennis players of all time – Serena Williams – teamed up with Block Inc’s money transfer service provider – Cash App – to provide women and people of color with further financial access to bitcoin. She praised the primary cryptocurrency as the leader in the industry, calling it a ”super-strong...Read More
