A note from JPMorgan states that Ethereum might be at risk of losing defi dominance as a result of its inability to produce effective scaling solutions fast. The note, written by Nikolaos Panigirtzogl...
Category: Bitcoin
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Kazakhstan Turmoil Shakes the Country’s BTC Mining Industry
Kazakhstan’s vast Bitcoin mining industry has been severely hit by the political chaos currently rocking the Central Asian nation. Rising fuel prices led to a spike in public anger which grew into wid...
$810 Million Worth of Longs Liquidated as Bitcoin Price Plunges to $43,000
Arman Shirinyan Almost $1 billion worth of orders have been liquidated on the cryptocurrency market Contents Bitcoin hashrate drop Price action leave traders unsatisfied Following a major cryptocurren...
Bitcoin Price Prediction: BTC/USD Stumbles Below $42,000
Bitcoin Price Prediction – January 7 The Bitcoin price prediction shows that BTC loses over $1500 as the coin remains below the 9-day and 21-day moving averages. BTC/USD Long-term Trend: Bearish (Dail...
Bitcoin Price Falls To A Three-Month Low As Cryptocurrencies Prolong Losses
Bitcoin price descends below the $41,000-mark last week. The fall is reported to be its lowest level since Sept. 29, 2021, according to the reports by Coin Metrics. Hawkish’s comments from the Federal...
Maker Co-Founder Calls UST and MIM ‘Solid Ponzis’ That Will Go to Zero – Bitcoin News
Rune Christensen, one of the founders of Maker, the decentralized autonomous organization behind the governance of stablecoin DAI, has spoken out against two competitors. He stated that UST, Terra’s d...
Bitcoin clings to $42K as key moving average break from July reappears
Bitcoin (BTC) consolidated above $42,000 prior to Wall Street’s opening bell on Jan. 7 as more similarities to last year’s lows emerged. BTC/USD 1-hour candle chart (Bitstamp). Source: Tra...
$102 Million Liquidations Push Bitcoin Below $42,000 as Ethereum Goes Under $3,250: CoinGlass
Yuri Molchan Massive liquidations of futures trades have occurred in the past hour, pushing Bitcoin and Ethereum even deeper, after recent price drop Chinese crypto journalist Colin Wu has shared data...
Cryptocurrency Worth $435 Million Seized by 12 UK Police Forces in Five Years – Regulation Bitcoin News
U.K. police have revealed how much cryptocurrency they have seized in the past five years in response to Freedom of Information requests. The London Metropolitan Police seized more bitcoins than other...
Crypto Miners Are Better Investments Than Bitcoin Even After Sell-Off: Analysts
Crypto miners are having a tough start to the new year, with their shares extending December’s decline as bitcoin fell below $43,000. However, Wall Street analysts are staying upbeat on the sector’s o...
China’s Xiangtai food Co. buys 686 spot Bitcoin miners despite mining ban
Xiangtai Food Co., Ltd., a Nasdaq-listed Chinese food company has bought 686 spot Bitcoin miners that are worth US$6 million via its United States subsidiary called SonicHash LLC. While the mining ope...
$500 Million in Liquidations as Bitcoin Struggles Around $42K
The enhanced volatility in the digital asset space hit again in the past few days, and the total amount of daily liquidations jumped to half a billion. It’s safe to say that the cryptocurrency market ...
Bitcoin (BTC) price likely to bottom between $42k-$37.5k, here’s why
Is the ongoing Bitcoin (BTC) price dump a buying opportunity or are we actually staring at a winter season in crypto? With Bitcoin price fear index at 18, the market sentiment is no doubt extreme fear...
Institutional Investors Say SEC Having More Power to Regulate Crypto Will Boost Prices – Regulation Bitcoin News
Institutional investors are optimistic about the U.S. Securities and Exchange Commission (SEC) having more power to regulate the crypto market, a recent survey shows. They believe that if the SEC is g...
Over 5,300 BTC Bought by Three of the Largest Bitcoin Whales on January 7
Yuri Molchan Recent data on richest Bitcoin wallets shows that some of the largest BTC whales have bought the dip of more than 5,000 BTC Chinese journalist Colin Wu, who covers everything related to t...
Will Get His First Three Checks in Bitcoin
Eric Adams – the newly-elected mayor of New York City and apparently a bitcoin bull – displayed his support for the primary cryptocurrency once again. He opined that the recent price drop could provid...
Crypto lawyer John Deaton justifies holding BTC, ETH while representing XRP holders
The XRP community has been eagerly – or anxiously – anticipating the day the SEC’s lawsuit against Ripple Labs resumes in 2022. Though scheduled to be around 19 January, XRP-investors are already gear...
Illicit Crypto Addresses Received $14 Billion in 2021, Only 0.15% of Transaction Volume Associated With Crime – Regulation Bitcoin News
According to the latest data from Chainalysis, the total cryptocurrency value received by illicit addresses grew to a new all-time high of $14 billion in 2021. Although the new all-time high is almost...
Crypto Analyst Michaël van de Poppe Updates His Outlook on Bitcoin (BTC) and Three Altcoins As Markets Stumble
Widely-followed crypto trader Michaël van de Poppe sees bullish signs for Bitcoin (BTC) and one other altcoin while naming support zones for two popular smart contract platforms. In a recent series of...
Bitcoin (BTC) Brushes Three-Month Lows to Test Support
After breaking down from a 32-day support area, Bitcoin (BTC) proceeded to reach a low of $41,000 on Jan 7 and is testing a horizontal support. BTC has been moving downwards since Dec 27, 2021. The di...
World’s 2nd biggest mining hub shuts down – Bitcoin doesn’t skip a beat
Chaos erupted in Kazakhstan this week and bitcoin mining was shut down as protests over fuel prices have sparked widespread unrest across the country. Kazakhstan, the Central Asian country of around 2...
Bitcoin Risks Plunging Below $40k Following Fed’s Plan To Raise Interest Rates ⋆ ZyCrypto
Advertisement     Bitcoin trades at $41,884 to the consternation of investors. The Fed’s proposed hike in interest rates plays a key role in the asset’s slump. Altcoin...
President Nayib Bukele Responds to Popular Economist’s Critique of His Proposed Bitcoin City
El Salvador President Nayib Bukele has replied popular U.S-born Economist Steve Hanke for his recent comments about Salvador’s proposed Bitcoin City. President Nayib Bukele Mocks Popular U.S Critic On...
Pantera’s Bitcoin Feeder Fund reaches $63.7 million in funding
advertisement Pantera Capital, an American hedge fund that manages over $6.4 billion in blockchain-related assets, has now reached $63.7 million in funding from 153 investors for its Bitcoin Feeder Fu...
Investment Banking Giant Goldman Sachs Says $100,000 Bitcoin Price Is Possible Under These Conditions ⋆ ZyCrypto
Advertisement     Goldman Sachs foresees Bitcoin reaching the $100K mark that has eluded it since the end of 2021. Bitcoin has underperformed since the start of 2022 a...
Steve Hanke pokes at President Nayib Bukele for gambling in Bitcoin, while El Salvador’s debt rises
Bitcoin’s price falling as much as it has in the past few days is putting pressure on El Salvador. El Salvador’s dollar-denominated bonds have been falling in free fall for the past few months. The co...
Shiba Inu and Dogecoin Competitor Surges 122% in Just One Week, Shatters $650,000,000 Market Cap Amid Bitcoin and Crypto Pullback
A new dog-themed crypto asset with a staggering total supply is surging despite a widespread crypto market pullback. Baby Doge Coin (BABYDOGE), jokingly referred to as the “son” of Dogecoin (DOGE), sa...
Mozilla ‘Pauses the Ability to Donate Crypto’ After Complaints and ‘Environmental Impact’ Considerations – Bitcoin News
On December 31, the software community founded in 1998, Mozilla, announced it was accepting crypto-asset donations via Bitpay. However, shortly after the announcement, a number of people complained ab...
Bitcoin sinks to 14 week low, but some analysts say $100,000 in 2022 is still on
Following Wednesday’s downturn in Bitcoin, a continuation of selling dipped the price as low as $41,000 today. Marking a 14-week low for the leading cryptocurrency. But as far as drawdowns go, this di...
Why Bitcoin Is Having Such a Brutal Week
In brief The price of BTC has dropped over 11% in a week. Volumes were down the week after Christmas. In the days leading up to December 25, Bitcoin price prophets got an early Christmas present: BTC ...
Cantaloupe Survey states 67% of users want to use Bitcoin for Payments
For instance, the cryptocurrencies, like Bitcoin, were meant for transactions initially. But later, as the digital currency got popular, people saw great potential in it, and it could be used as a hed...