BitGo and Swan partner to launch a Bitcoin-only trust company Key takeaways BitGo and Swan to launch a new trust company Crypto custodian BitGo and bitcoin financial services firm Swan have announced plans to launch a Bitcoin-only trust company. According to the press release published on Thursday, the Bitcoin-only trust company will offer custody without exposure to other digital currencies. The trust, which will be launched […]
Coinbase confirms plans of integrating the Lightning Network Coinbase says it will add support for the Bitcoin Lightning Network. Cathie Wood praises the crypto exchange for the decision. Coinbase shares are down nearly 30% versus their YTD high. Coinbase Global Inc has decided to integrate the Lightning Network that aims at making Bitcoin a viable option for faster and cheaper global payments. How […]
Mohamed El-Erian: Crypto is more institutionalised and maturing well Crypto is getting more and more institutionalised and maturing well, says Mohamed El-Erian. The top economist pointed to the flip in sentiment from major players such as BlackRock as good for crypto. El-Erian also commented on US inflation. Mohamed El-Erian, the chief economic advisor at Allianz, says the cryptocurrency industry is getting more institutionalized and […]
Bitcoin, crypto prices fall as bumpy September rolls in As can be seen in the crypto heat map below, Bitcoin (which has retested levels under $26k) and Ethereum (prices have dipped under $1.7k) lead the 24 hour rot. Most top 20 coins are in the red. CoinGecko data also shows the global crypto market cap has dropped by 3.4% at the time of writing. […]
Stacks and Toncoin lead the bull cycle as global crypto market cap surge Stacks (STX) has gained 18.43% today to trade at $0.5319 at press time. Toncoin (TON) has gained 15.51% today to trade at $1.74 at press time Bitcoin Cash (BCH) had jumped by 12.33% to trade at $216.57. The cryptocurrency market has turned green today with a majority of the top cryptocurrencies by market cap registering significant […]
BREAKING: Bitcoin hits $28k after Grayscale win against SEC Bitcoin price rose to highs of $28,142 on crypto exchange Bitstamp on Tuesday. The gains came as the crypto market reacted to news of Grayscale’s win against the SEC. Bitcoin price saw a huge spike in volatility on Tuesday afternoon as prices across the crypto market rose. The world’s largest cryptocurrency by market cap jumped […]
Grayscale secures a big win against SEC in Bitcoin ETF case U.S. court rules in favour of Grayscale in its lawsuit against SEC. Today’s ruling paves the way for the first U.S. Bitcoin ETF. Bitcoin and Ethereum jumped over 5.0% following the news. The U.S. Court of Appeals for the DC Circuit just ruled in favour of Grayscale in its long-running lawsuit against the Securities & […]
Digital asset investment products record largest outflows since March Digital assets investment products saw outflows of $168 million last week, $146 million of which was for Bitcoin. It’s the largest weekly outflows total since March 2023, according to a report by CoinShares. CoinShares’ latest weekly report on digital asset investment flows shows that the market witnessed its largest funds outflows in nearly six months […]
Robinhood Identified as Third-Largest BTC Wallet Owner Posted to Flickr by TechCrunch The previously unidentified large BTC wallet that sparked widespread conjecture and analysis recently was identified last week. According to wallet data from Arkham Intelligence, investing and trading platform Robinhood holds over $3 billion in Bitcoin in this single BTC wallet, placing it behind only Binance and Bitfinex as one of […]
Bitcoin Price Prediction as $5 Billion Trading Volume Sends BTC Back in the Green – Time to Buy? In the intricate realm of cryptocurrency, Bitcoin stands at the forefront of strategic discussions, underscored by its formidable $5 billion trading volume that has adroitly positioned the asset back in the positive domain. Despite this momentum, the asset's current valuation hovers at $26,011, marking a nuanced dip of nearly 0.10% as of Monday. This valuation […]
Bitcoin Price Prediction as Bulls Push BTC Past $26,000 – Time to Buy? In recent developments, Bitcoin bulls have propelled the cryptocurrency past the $26,000 threshold, inciting debates about whether now is the opportune moment to invest. Although Bitcoin traded at $26,000 on Sunday, marking a slight dip of over 0.50%, broader economic concerns loom in the background. Economist Peter Schiff warns of an impending "Full-Blown Financial Crisis" […]
Analysts Introduce Innovative Framework to Decode Bitcoin Economy in Bear Market Source: Adobe / fox17 Investment firm Ark Invest and blockchain security firm Glassnode have revealed a conceptual framework for understanding the Bitcoin (BTC) economy amid the ongoing bear market. On Thursday, Ark Invest unveiled the whitepaper, titled "Cointime Economics: A New Framework For Bitcoin On-chain Analysis," which aims to provide a toolkit for comprehending the economic realities of Bitcoin in a new way. […]
Bitcoin Price Prediction as $10 Billion Sends BTC Up 1% – Are Whales Buying? As Bitcoin sees a 1% surge, speculations arise regarding the potential involvement of whales, given a massive $10 billion injection into BTC. This uptick in investment interest is set against an intriguing financial backdrop. Jerome Powell recently intimated that to curb inflation effectively, the US might have to resort to further rate hikes. Adding to […]
Real-World Challenges Pose Threats to Bitcoin's Next Bull Run – Here's What You Need to Know Image Source: Adobe Bitcoin (BTC) faces a myriad of real-world obstacles on its journey to the next bull run. As the world's largest cryptocurrency struggles to regain the heights it reached in 2021, experts argue that Bitcoin needs to address several challenges before expecting a major rally. One immediate hurdle for Bitcoin is its macroeconomic predicament. […]
Bitcoin Price Prediction as Crypto Billionaire Arthur Hayes Says BTC Will Benefit From Fed's 'Fiat Toilet Paper' Printing – Time to Buy?
HashKey To Offer BTC and Ether Retail Services In Hong Kong As The Battle For Asian Market Intensifies
Marathon Digital CEO Expresses Optimism For Spot BTC ETF Approval, Fixes Odds Above 50:50 Source: Pixabay Marathon Digital CEO Fred Thiel remains positive over the potential approval of a spot Bitcoin (BTC) Exchange Traded Fund (ETF) in the United States by the Securities and Exchange Commission (SEC). The SEC has not yet approved a spot Bitcoin ETF as it continues to cite market manipulation concerns although recent developments have […]
Wall Street Analyst: Bitcoin's Resilience Amidst Sell-Off and Potential Outperformance in Recessionary Environment In a recent analyst note by Mike Colonnese, CFA, the focus shifts to the recent developments in the Bitcoin (BTC) market and its implications for the future. The study details BTC's reactions to significant sell-offs, the reasons behind the previous week's sharp decline, and prospects for BTC in a recessionary environment. BTC's Recent Decline and […]
Against All Odds: Solo Miner Claims $160,000 Bitcoin Block Reward – Here's What Happened Photo by Brian Wangenheim on Unsplash On August 18, an unexpected event in the Bitcoin mining space took everyone by surprise. A lone miner, not backed by massive computational power, claimed the full reward of 6.25 Bitcoin for solving block 803,821. In simple terms, the miner earned about $160,000, minus a 2% fee retained by […]
Bitcoin Developers Allege Craig Wright’s ‘Bogus’ Claims May Lead To An Admission In The Collapse Of Mt. Gox
Bitcoin Bears Eye Retest of Key $25,000 Support – How Far Might the BTC Price Fall? Bitcoin Logo / Source: Adobe After last week’s sharp 10.5% decline, which marked Bitcoin (BTC)’s worst weekly performance so far this year, the BTC price has largely settled on Monday. Bitcoin was last moving sideways within thin ranges on either side of $26,000 as traders look ahead to the upcoming week. Will the upcoming raft […]
Bitcoin Miners Pivot To Other Areas In Quest To Diversify Earnings: JP Morgan Source: Pixabay Digital asset miners are moving to other business ventures including offering high-powered technology services to artificial intelligence (AI) companies to improve earnings. A new report from JP Morgan shows that crypto-based mining firms are expanding their operations to include high-performance computing, reducing their dependency on core primary operations, cryptocurrency. The bank noted that […]
Bitcoin Price Prediction as BTC Bounces Off $25,000 Support – Here are Key Levels to Watch In the dynamic realm of cryptocurrency, Bitcoin (BTC) continues to capture attention as it showcases a rise of over 0.50%, reaching $26,133 on Sunday. Notably, the support at $26,000 appears to have effectively prevented further losses for the cryptocurrency. Furthermore, the prominent entity MicroStrategy is contending with substantial unrealized losses amounting to $600 million due […]
