A new rush of unpredictability has debilitated the cryptocurrency market, with Bitcoin Price falling almost 2%. While Ethereum has gained substantially for the first time since last week, most other virtual coins are struggling to register gains. The global cryptocurrency market cap is $1.45 trillion, a 3.04 percent increase over the last day while the...Read More
Sarah Levy – the CEO of the investment app Betterment – revealed that the company is contemplating how to enable its users to interact with cryptocurrencies. The executive admitted that she is a “big fan” of digital assets and that they have the ability to “diversify” the investors’ portfolios. ‘Is There a Way We Can...Read More
Dawn Fitzpatrick, the CIO of Soros Fund Management who said crypto was at an “inflection point” earlier this year, approved the trading of Bitcoin and possibly other cryptocurrencies. Financial news website TheStreet reported that “people familiar with the matter” speaking on condition of anonymity, stated that Fitzpatrick and her team have been exploring crypto assets...Read More
A new partnership will allow Americans to purchase bitcoin from more than 600 banks in the United States. According to fresh reports, a new partnership between digital asset management firm NYDIG and payments behemoth National Cash Register (NCR) will allow 650 U.S. banks and credit unions to offer crypto trading services to clients through mobile...Read More
Bitcoin Price has been reasonably stable over the last week, after briefly dropping below $30,000 earlier. Despite a drop near $29K, the market has recovered with great ease. On Sunday, it breached $34K, resuming its upward trend. On the fundamental development front, Bitcoin is killing it. NYDIG, Q2 Partner is going to Offer Bitcoin Services...Read More
With bitcoin’s price recovering more than $5,000 in a few days and heading towards a multi-day high, bulls have received further support that the asset may aim even further north. The popular Puell Multiple metric has displayed a buy signal for just the fifth time, with every previous occasion being “spot on,” according to analysts....Read More
China’s crackdown on bitcoin mining has caused severe damage to local businesses. Owners of small hydroelectric power plants have decided to put for sale their operations, promising that they can be used for BTC mining. Illegal BTC Mining in China to Go on? As it has become painfully clear for the cryptocurrency community, China doesn’t...Read More
Research by crypto analytics firm Glassnode has revealed that institutional demand remains slow as the Bitcoin market continues to fight for support while mining selling pressure increases. The report stated that one of the largest factors in the institutional narrative has been the one-way flow of crypto assets into Grayscale’s GBTC trust fund. Traders sought...Read More
Craig Wright, the man who claims to be Satoshi Nakamoto, has just won a legal dispute related to the copyrights of the Bitcoin Whitepaper. According to information from Ontier LLP, the law firm representing Craig Wright, the nChain scientist was today awarded a default judgment in his copyright infringement action against ‘Cøbra.’ Craig Wright 1,...Read More
The residents of India, known to be a gold-loving nation, increased their digital assets investments from $200 million last year to $40 billion this year. The exponential growth sounds impressive having in mind the hostile crypto restrictions, which the central bank maintains. Indians Admire Gold but Love Crypto The blockchain analysis company Chainalysis reported that...Read More
The financial analyst and Global Head of Equity Strategy at Jefferies – Christopher Wood – opined that the Chinese officials want no competition for its digital renminbi. That is why they enforced the crackdown on bitcoin and other cryptocurrencies lately. China Cares About its CBDC Not Carbon Footprint Christopher Wood – the prominent financial analyst...Read More
Bitcoin and other cryptocurrencies cannot and should not replace fiat currencies, argued the former finance minister of Greece, Yanis Varoufakis. Additionally, he supported the popular narrative that counties should aim at adopting blockchain while averting from using BTC. Bitcoin Cannot Replace Fiat Speaking to the Greek Reporter, Varoufakis, who has never been a bitcoin fan,...Read More
The lower number of miners on the Bitcoin network has caused severe disruptions as the rate of newly-produced coins have dropped to just 58 new ones created in a day, says on-chain data. Furthermore, miners’ revenue has plummeted in the last month, while all eyes are on the upcoming difficulty adjustment. The Disruptions on the...Read More
More updates coming from Paraguay in terms of its possible crypto adoption indicated that the nation is actually looking for regulation instead of making BTC a legal tender. Prominent economist and cryptocurrency basher Steve Hanke was quick to applaud the reversal. Paraguay: Regulations Not Legal Tender June became a historic month for the primary cryptocurrency...Read More
Mexico’s third-richest man, Ricardo Salinas Pliego, continues with his support for bitcoin by indicating that his bank is planning to start using BTC. While outlining the limited supply of the cryptocurrency as its most crucial merit, he said it would be the asset he would choose to invest in if he had to pick only...Read More
Bitcoin prices have come just shy of $35,000 during Monday morning’s Asian trading session. The upwards momentum follows a bearish weekend which saw the asset slump to a Saturday low of $30,300. The psychological $30K support level has held strong as Bitcoin prices rise back into their range-bound channel. At the time of press, the...Read More
The authorities of South Korea confiscated the cryptocurrency holdings of 12,000 people. The locals received charges of tax evasion, and 53 billion won or $47 million worth of BTC, ETH, and other digital assets were seized from them. The Largest Crypto Seizure for Back Taxes in Korean History Following a months-long investigation, the officials in...Read More
The effects of the Chinese crackdown on Bitcoin mining continue to harm the network as the hash rate has dumped to its yearly low of below 90 Ehash/sec. This comes just days before the next difficulty adjustment, which is expected to be one of the largest in BTC’s history. Bitcoin Hash Rate Drops to Yearly...Read More
Elvira Nabiullina – the Chief of Russia’s Central Bank – sounded a note of caution for investors to beware of the risks in the crypto market. She opined that digital assets are very volatile and warned investors to be wary of ”appalling” losses. Do Not Get Involved in Crypto The head of the Russian Central...Read More
UK authorities have made one of the largest seizures of cryptocurrency assets worth more than $190 million. Specialists detectives from the Met’s Economic Crime Command confiscated the funds after investigations on money laundering. UK Authorities Seize $140M in Crypto According to a press release from the Met’s Economic Crime Command, the local authorities made the...Read More
Vocal Bitcoin bull Meltem Demirors believes that the ongoing crypto decline is just an ordinary correction, which would wipe out investors with ”paper hands.” She reminded that the primary digital asset has always been volatile and assured that it is ”here to stay.” ‘You Can’t Have a Number Go Up Forever.’ The current situation in...Read More
On Saturday, bitcoin was trading at $30,667, down 10.16 percent on the day. It was the biggest percentage drop in a single day since June 21. The most popular cryptocurrency has recovered to levels above $32,000. However, it appears that the upward trend was brief and not particularly delicious for investors. After over a year...Read More
On June 25, over $1.5 billion of Ether (ETH$3.3 )’s billion notional open interest (OI) in ETH options will expire, making it the highest options expiry ever. Over 638,000 ETH options contracts are due to expire in June, representing 45 percent of total open interest in these options. A slew of options expired on the...Read More
A survey conducted by the American multinational investment bank JPMorgan Chase & Co. revealed that most big investors do not find the crypto market appealing as only 10% of the participants asserted they trade digital assets. Moreover, 30% of the people agreed with Warren Buffett’s opinion that BTC is a ”rat poison.” The American Institutional...Read More
During a recent interview with Bloomberg, the prominent BTC bull spoke about the adverse short-term effects of China’s recent crackdown on Bitcoin mining. While he acknowledged the hash rate and price declines, Saylor believes this ‘mistake’ from the Asian country will provide an excellent opportunity for others. As CryptoPotato reported previously, the world’s most populated...Read More
Unfortunately, it was another challenging week in the cryptocurrency market, though this can only be said about the developments in terms of price. Elsewhere – adoption seems to be booming, especially when it comes to Bitcoin. Starting off with the price – bitcoin is currently trading at around $33,000, down about 13% in the past...Read More
After laughing at Jack Dorsey’s proposition for a Bitcoin conference earlier, Elon Musk has actually agreed to a BTC conversation with the CEO of Twitter at the event. As reported earlier, Elon Musk likes to have fun with the cryptocurrency community. Perhaps that’s why he initially laughed at Jack Dorsey’s most recent Bitcoin endeavor. The...Read More
The CEO of Tesla, SpaceX, and The Boring Company, has taken another humoristic stab at BTC maxis by asking how many are needed to change a light bulb. The wave of comments didn’t disappoint from names like Michael Saylor, Dan Held, Raoul Pal, and more. Ever since the start of the year when Musk said...Read More
The number of US city mayors, whether current or running, supporting bitcoin continues to grow. After Miami’s Francis Suarez, the favorite to win the race in New York City, Eric Adams, promised to make NYC different in a year, including becoming the “center of bitcoins.” BTC Going to NYC? Running as a Democrat, Eric Adams...Read More
With BTC’s price going through a severe correction this week, reaching a near six-month low, the question arisen within the community if we have officially entered a bear market. Dumping to more than 50% south from its peak, which came just two months ago, certainly has some arguing that the bears are indeed in control....Read More
