A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi...
Category: Bitcoin
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Bitcoin hashrate plummets as Texas-based miners suspend operations
Bitcoin (BTC) hashrate dropped to as low as 159.41 exahashes per second (EH/s) on July 13, its lowest in five months, as Texas-based miners were forced to go offline. According to data from BTC.com, t...
Bitcoin Steady While Stocks Fall – Trustnodes
Bitcoin is holding to gains with it up in the past 24 hours by 2.6% while stocks fall some more as Nasdaq drops 1.7%. Both Dow and S&P fell by even more on opening, down circa 2%, ostensibly on di...
Bitcoin and ether see major price swings following US inflation report
Bitcoin and Ethereum whipsawed on Wednesday following a red hot inflation report of 9.1%. Bitcoin briefly jumped above $20,000 initially following the report, before plunging as low as $19,046 (and be...
Bitcoin Dipped below 100-hour MA, Triggering Further Downswing, Analyst Suggests
The crypto community has been waiting with bated breath for Bitcoin (BTC) to make the next move based on the consolidation around the $20,000 zone. Market analyst Ali Martinez believes that a signifi...
Why Does Bitcoin Go Crazy Whenever CPI Numbers Are Published?
If you haven’t noticed by now, Bitcoin’s price is going through some serious short-term volatility on the day that the CPI numbers hit. This is not without a good reason. This is arguably one of the m...
New York Yankees will allow workers to convert part of their paychecks into Bitcoin
A major firm in the Bitcoin space, NYDIG, made the announcement today July 14 that it would become the official Bitcoin Payroll Platform for the New York Yankees as part of a multi-year agreement with...
BTC Briefly Moves Back Above $20,000 During Volatile Day of Trading – Market Updates Bitcoin News
Bitcoin briefly broke back into the $20,000 region on Thursday, following a volatile day of trading. Volatility in crypto markets came as data released showed that inflation in the United States had r...
Bitcoin Reclaims $20,000 Despite High Inflation Numbers, Here’s Why
Arman Shirinyan Bitcoin did not crash after inflation data release but bounced instead Contents Why didn’t Bitcoin crash? Anemic performance continues Following the expectation that inflation da...
Crypto Mining Firms Take Different Approaches to Selling Bitcoin
Riot Blockchain sold 300 of the 421 BTC it produced in June to help cover operational expenses Hut 8 Mining plans to continue growing its computing business that generates $1.6 million in revenue per ...
Long-Term Players Holding BTC Despite Spectacular Selling Is A Positive Sentiment Indicator
Long-term BTC investors retain their holdings despite heavy spectacular selling of the asset. Holders deciding to keep their BTC is a positive indicator. Long term investors hold 77% out of a to...
Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’ – Regulation Bitcoin News
Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recent...
Bitcoin Faces Restriction below $20,000 as It Plunges to $18,905 Low
Jul 14, 2022 at 10:50 // Price Bitcoin (BTC) is in a downward correction as the cryptocurrency struggles below its moving average lines. Since July 12, the BTC price has been below the moving average ...
Peter Todd Proposes Turning Bitcoin Into Dogecoin – Trustnodes
The joke currency is apparently not a joke at all according to Peter Todd, a bitcoin developer, who has suggested that bitcoin should follow the Dogecoin approach of endless inflation with no more hal...
Realized Losses Spike as Bitcoin Inflation Hedge Properties Are Questioned
Both realized and unrealized losses have spiked for Bitcoin holders, while detractors continue to question its properties as a hedge against inflation. According to on-chain analytics provider Glassno...
CoinShares CSO Predicts New Bitcoin Highs in 24 Months
Meltem Demirors, Chief Strategy Officer at CoinShares, believes that Bitcoin (BTC), the leading cryptocurrency, will hit new all-time highs during the next 24 months, despite the fact that Bitcoin (BT...
Bitcoin of America’s Customer Service Is Advancing the Cryptocurrency Industry – Sponsored Bitcoin News
sponsored Popular BTM operator, Bitcoin of America, is changing the way we think about the cryptocurrency industry. Bitcoin of America is a virtual currency exchange, registered as a money services bu...
Bitcoin Cash Reaches the Oversold Region as It Pauses Above $97
Jul 14, 2022 at 09:53 // Price The price of Bitcoin Cash (BCH) is in a downward correction as the altcoin has regained the previous low of $97. The upward correction from July 8 was repelled by the 21...
Negative headlines may indicate Bitcoin bottom is near, says crypto consultant
As Bitcoin struggles around the $20,000 level, cryptocurrency consultant at social trading and multi-asset brokerage exchange eToro, Glen Goodman, has said the asset might be approaching its bottom be...
Bitcoin (BTC) Price To Hit Bottom in Next 100-150 days – Here Are Levels To Watch – Coinpedia – Fintech & Cryptocurreny News Media
One of the well-known crypto experts believes that Bitcoin will soon bottom as he compares Bitcoin’s price action during the 2015 and 2018 bear markets. Anonymous crypto analyst, Rekt Capital recently...
Bitcoin’s 50% Decline in Production Cost Could Further Harm its Price
Strategists at the American multinational investment bank JP Morgan Chase & Co recently revealed that bitcoin’s cost of production has dropped by nearly 50% over the last month. BTC Production Cos...
JPMorgan Says Bitcoin’s Cost of Production Has Dropped Dramatically
Alex Dovbnya American banking giant JPMorgan has noted that Bitcoin’s price has declined significantly American banking giant JPMorgan has estimated that the cost of production of one Bitcoin has plun...
Bitcoin Production Cost Dropped To $13K, Says JP Morgan. What Does This Mean for BTC Price?
Since reaching a peak of around $69,000 in November, Bitcoin has had trouble. From the Federal Reserve raising interest rates to fight inflation to the cryptocurrency industry experiencing high-profil...
Analyst Warns of Massive Bitcoin Plunge to Four-Figure Level As Crypto Reaches ‘Uncharted Territory’
A popular crypto trader warns Bitcoin (BTC) could nosedive as the crypto market encounters severe macroeconomic headwinds. Crypto analyst Justin Bennett tells his 10,600 YouTube subscribers that a bea...
After Extreme Volatility Bitcoin Returned to $20K, Uniswap Spikes 11% (Market Watch)
Bitcoin’s price went through major turmoil yesterday as the numbers for the Consumer Price Index in the US got released. The cryptocurrency increased above $20,000 initially and then plunged below $19...
The Key to Attaining the UN Goal to Reduce Remittance Costs to Less Than 3% by 2030 – Op-Ed Bitcoin News
The cost incurred by African migrants or expatriates when sending funds via the so-called formal corridors remains way above the UN target of less than three percent, the latest data from the World Ba...
Chinese Investors Might “Buy the Dip” When Bitcoin Hits $18,000: Survey
Arman Shirinyan Some traders and investors believe that there is still room to fall for Bitcoin and Ethereum The 70% dip of Bitcoin on the cryptocurrency market might not be enough for some crypto inv...
JPMorgan Says Bitcoin Cost of Production May Be Down to $13,000
(Bloomberg) — Bitcoin’s cost of production has dropped from about $24,000 at the start of June to around $13,000 now, which may be seen as a negative for pricing, according to JPMorgan Chase &am...
How Bitcoin’s strong correlation to stocks could trigger a drop to $8,000
The Bitcoin (BTC) price chart from the past couple of months reflects nothing more than a bearish outlook and it’s no secret that the cryptocurrency has consistently made lower lows since breaching $4...
Bitcoin Casinos – Where, What and How to Play
Tough restrictions pertaining to online gambling is an annoying obstacle for both casinos and their players. With that said, the emergence of VPN use and/or cryptocurrency shows that online gambling e...
Bank of Russia Says Stablecoins Are Not Suitable for Settlements – Finance Bitcoin News
The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a top finance ministry official...