Volume across the broader crypto market remained low, nearly 50% below the year average. A majority of outflows last week were from Bitcoin totaling $46 million. According to the latest report by Coin...
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Crypto Exchange Coinbase Faces Legal Action Over Biometric Data Collection – Exchanges Bitcoin News
The Nasdaq-listed cryptocurrency exchange Coinbase has been accused of “wrongfully” profiting from its users’ facial and fingerprint scans. “Coinbase collects, stores, possesses, otherwise obtains, us...
Blockstream Developer Neigut Expects ‘Cambrian Explosion’ of Bitcoin Layer 2 Protocols
Ryan Gentry, director of business development at Lightning infrastructure firm Lightning Labs, said during his own presentation at Consensus that Lightning is the only network of its kind in crypto. “...
Bitcoin (BTC) Rally May Stall if Fed Chair Powell Does not Signal End of Tightening, Crypto Observers Say
“As the market is expecting a pause after this hike, we’ll be looking for the sentence on ‘additional policy firming may be appropriate’ to be removed from the statement, repla...
Bitcoin Price Analysis: Stops Reached Below 28164
BTC/USD Stops Elected Below 28164: Sally Ho’s Technical Analysis – 4 May 2023 Bitcoin (BTC/USD) experienced greater volatility early in the Asian session as the pair depreciated to the 28122 area aft...
Here’s Why Bitcoin Derivatives Surged to $56,000 on Bitfinex
Alex Dovbnya The price of Bitcoin on Bitfinex’s perpetual swap market briefly surged to $56,000, fueled by a high trading volume and lack of liquidity The price of Bitcoin on Bitfinex’s pe...
Bitcoin Flash Rally Exposes Liquidity Risks on Crypto Exchanges
In the crypto market, sudden price movements can send shockwaves. Recently, a Bitcoin flash rally on Bitfinex raised concerns over the risks associated with low liquidity on crypto exchanges. It is cr...
Bitcoin, Ethereum Flat as Fed Issues 10th Consecutive Interest Rate Hike
The Federal Reserve decided to raise its benchmark interest rate by 25 basis points on Wednesday. But it was the U.S. central bank’s statement on a possible path forward that had markets waiting...
TRON [TRX] breaks above two-month resistance despite BTC weakness
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. TRON’s development activity continued to tumble. ...
Stacks rallies 11% as bitcoin, solana fall
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Despite widespread losses in the cryptocurrency market on May 3, stacks (STX) is up 11% on the last trading day, outper...
This is where you BTC holdings stand after the latest FOMC meeting
The month of April saw exchanges witnessing an inflow of more BTC as compared to the outflow. The outcome of the latest FOMC meeting did show a slight uptick in the performance of BTC but not enough f...
Bitcoin in Disarray, But Optimism Could Prevail In The Short Term
The price of Bitcoin has seen a small uptick during today’s trading session, but the cryptocurrency has been unable to break the sideways trend. Today, the U.S. Federal Reserve (Fed) announced a 25 ba...
White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining – Mining Bitcoin News
On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the president’s comprehensive 182-page budget proposal for the fiscal ye...
The Fed has little ammo left as $30K Bitcoin price becomes key battle line
The Bitcoin price successfully defended the $28,000 support on May 2, but it has yet to prove the strength needed to reclaim the $29,200 level from April 30. $30K becomes crucial for Bitcoin bulls Som...
BRC-20 token standard spurs meme coin frenzy on Bitcoin
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The BRC-20 token standard has ignited a meme coin frenzy on the Bitcoin blockchain. There is a marked increase in meme ...
Robert Kennedy Jr. condemns Biden’s proposed 30% Bitcoin mining tax
Presidential hopeful Robert F. Kennedy Jr. on May 3 condemned a 30% crypto mining tax proposed by the Biden administration and responded to concerns around crypto. Kennedy says crypto regulation is a ...
Bitcoin and Ethereum liquidity is flowing into meme coins
Introduction Meme coins have taken over the liquidity of Bitcoins, Ethereum and other cryptocurrencies. Meme coins are basically the crypto assets that gain popularity through social media trends, in...
Bitcoin briefly rallies to $57,000 after a “glitch” on Bitfinex
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On May 2, 2023, bitcoin prices spiked to $57,000 in less than a minute on Bitfinex in an unconfirmed glitch. Bitcoin’s...
Bitcoin rally at crossroads as Fed preview looms, observers warn – Cryptopolitan
Bitcoin (BTC), the world’s leading cryptocurrency by market value, has experienced a significant resurgence in 2022, with its price surging 70% since January 1st. However, some observers warn that the...
Bitcoin’s Largest Public Holder Earns Profits From BTC Stash
Tomiwabold Olajide Profit tied to Bitcoin holdings earned by largest public investor in crypto MicroStrategy, the largest public Bitcoin holder, posted its first profit in nine quarters after claiming...
Bitcoin and crypto markets firm ahead of US Fed interest rate decision
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ahead of the highly anticipated Federal Reserve (Fed) announcement, trader sentiment is bullish, and the total crypto m...
Bitdeer to Raise $500M for Bitcoin Mining Operation in Bhutan
The Nasdaq-listed Bitdeer, a crypto mining firm helmed by the former CEO of Bitmain Technologies Jihan Wu, today announced a strategic partnership with Druk Holding & Investments (DHI), the commer...
Bitcoin Miners Surpass $50 Billion in Total Revenue
Alex Dovbnya In momentous achievement, Bitcoin miners have broken through $50 billion ceiling in total revenue Since Bitcoin’s genesis, miners have reached a towering financial peak, earning a t...
Cardano’s founder highlights Bitcoin’s limitations, says ADA is better
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In an interview with Maria Bartiromo of Fox Business, Charles Hoskinson, the founder of Cardano, a smart contracting pl...
Bhutan Seeks to Raise $500 Million to Bolster Bitcoin Mining Operations: Report
Druk Holding & Investments – the investment arm of the Royal Government of Bhutan – partnered with the Nasdaq-listed company – Bitdeer Technologies Group – to introduce a $500 million fund that sh...
Key Reason Behind Bitcoin’s Most Recent Price Spike
Alex Dovbnya As shares of U.S. regional banks continue to suffer significant losses, Bitcoin’s price has spiked, reaching an intraday high of $28,621 The price of Bitcoin, the flagship cryptocur...
Bitcoin Daily Transactions Hit All-Time High With 3 Million Ordinals Inscriptions
The total fees paid for Ordinal inscriptions topped 272 BTC, around $7.6 million on Tuesday, according to a Dune Analytics dashboard. On Monday alone, over 372,000 inscriptions were created on the Bit...
Here’s Why Bitcoin’s Price May Not Reach $30,000-Will FOMC Offer Require a Boost?
The Bitcoin price is undergoing a pretty rigid phase as it is failing to inculcate the required momentum to hit $30,000. The bears are successfully restricting the price at the interim threshold as th...
No Decision On Fed Rate Hike Pause, Bitcoin Drop
US Fed Chair Jerome Powell said the central bank will take a data driven decision approach to determine the extent of further interest rate hikes. He made the comment in the post FOMC press conference...
Federal Reserve Raises Interest Rate by 25bps, Insists ‘US Banking System Is Sound and Resilient’ – Bitcoin News
The U.S. Federal Reserve, in conjunction with the Federal Open Market Committee (FOMC), announced on Wednesday that the central bank would raise the federal funds rate by 25 basis points (bps), as was...
For Immediate Profits, Experts Advise Investing in DigiToads (TOADS) presales instead of Bitcoin (BTC) or Aave (AAVE)
Well-established cryptocurrencies like Bitcoin (BTC) and Aave (AAVE) have proven to be reliable investments in the long run. Still, with the changing landscape, they may not always provide the immedia...
Bitcoin Rally May Not Have Hit Top Yet, Here’s Why
The historical pattern in this Bitcoin on-chain indicator may suggest that the ongoing rally hasn’t reached its top yet. Bitcoin 1-Year Inactive Supply Has Continued To Go Up Recently According to a p...