The quantity of Bitcoin (BTC) held in reserve by mining companies has reached lows last seen in October 2022. Miner reserves important in bitcoin market According to on-chain analytics company Crypto...
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Hut 8 Increased its Bitcoin Holdings by 65%, Yet Revenue Plunged
Canada-based cryptocurrency miner – Hut 8 Mining – released its financial results for the year and quarter that ended December 31st, 2022. The company managed to increase its mining production by over...
New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security – Bitcoin News
On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kuc...
Bitcoin price hammered, cryptocurrencies fall with tech liquidity concerns
Cryptocurrency prices are falling and there may be problems with market liquidity, especially for tech companies, and risk assets. Bitcoin and the crypto marker is under heavy selling pressure as the ...
Investors Urged to Exercise Caution – Bitcoin News
According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercis...
Bloomberg’s McGlone Predicts GBTC Litigation May Mark Milestone for Bitcoin (BTC)
Alex Dovbnya Bloomberg’s senior commodity strategist Mike McGlone stated that ongoing legal battle between Grayscale Bitcoin Trust (GBTC) and US Securities and Exchange Commission (SEC) could ma...
BTC, ETH and XRP Price Analysis for March 9
Denys Serhiichuk Which top coin is likely to resume bull run faster than other cryptocurrencies? The cryptocurrency market seems to be undecided as to which way to go as the rates of some coins are ri...
BTC retests $20,870, further decline incoming?
Bitcoin price analysis shows a decline in price today. The day started with selling pressure building up in the market, and the price dropped from $22,115 to $20,870. The BTC/USD pair has been under c...
CFTC Chair Declares Ethereum (ETH) a Commodity, Regardless of Gary Gensler’s Bitcoin-Only Stance
The Chair of the Commodity Futures Trading Commission (CTFC) believes Ethereum (ETH) is a commodity, despite opinions to the contrary from SEC Chairman Gary Gensler. Speaking at the Senate’s Agricultu...
Bitcoin price drops to $20.8K as regulatory and macroeconomic pressure mounts
Bitcoin (BTC) traders saw continued downward pressure after the 5.5% decline in BTC price on March 7. Increased odds of further interest rate increases by the Federal Reserve and regulatory pressure i...
Bitcoin loses 21k support, as contagion from Silvergate enters banks, financials sector
Quick Take Bitcoin lost $21,000 as support and is over 5% down today This comes after news of Silvergate halting operations. Contagion spreading into the banking and financials sector of the economy, ...
Bitcoin miner Hut 8’s shares fall 9% after 2022 financial report
Ad Bitcoin (BTC) mining firm Hut 8’s financial statements for 2022 showed that the miner earned less revenue despite its higher productivity levels, according to a March 9 statement. According to Yaho...
Bitcoin loses $21k support and sheds 5% in 24H trading
Ad Bitcoin has lost crucial support at the $21,000 level as market volatility has continued after the collapse of Silvergate. Bitcoin price 3M chart (Source: Kaiko) On Thursday, the prices of cryptocu...
Bitcoin Outflows Show Huge Spike, Whales On Shopping Spree?
On-chain data shows exchanges have observed a vast Bitcoin outflow recently, a sign that whales may be going on a buying spree of the asset. Bitcoin Exchange Netflows Have Been Negative In Recent Days...
Bitcoin Price Drops Below $21K As Biden Unveils New U.S. Budget
In a formal presentation of the proposed budget for the fiscal year 2024, U.S. President Joe Biden advocated the elimination of tax subsidies for cryptocurrency investors, the real estate business, an...
Ethereum Stakers Feeling Max Pain As Attention Shifts Towards Bitcoin, Says Crypto Analytics Firm
Leading analytics firm Santiment says Ethereum (ETH) stakers have little to cheer about as values drop and crypto interest shifts to Bitcoin (BTC). Santiment says the outlook is souring for ETH staker...
‘Pay Attention to QT and the Money Supply’ – Economics Bitcoin News
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tighteni...
Selling The Top: Silvergate Execs Cashed Out $103M As Bitcoin Peaked
Silvergate is over. Investors are likely sad, short sellers probably grinning, but 11 insiders at the one-time major crypto bank sold out big at the top — raking in more than $103 million. Former chai...
Bitcoin Sinks Back to $21,000 Triggering $159 Million in Liquidations
Bitcoin is sinking back to lows not seen since January amid ongoing sell pressure spurred by Silvergate woes and hawkish central bank policy. Sinking below $21,000, the crypto market underwent over $...
BitMEX Co-Founder Proposes Bitcoin-Backed Stablecoin
Even if authorities are increasing their scrutiny of stablecoins, the community’s persistent interest in stablecoins that are not related to the U.S. dollar is illustrated by Hayes’ idea f...
Bitcoin Miner Hut 8 Talks Operational Issues and USBTC Merger in Earnings Call
In mid-November 2022, Hut 8 stopped mining with 7,000 rigs at a site in North Bay, Ontario due to an ongoing dispute with its energy provider, Validus Power. Hut 8 has now removed all machines from th...
Bitcoin has caused $12b in environmental damage. There might be a solution
Can environmentalists and regulators destroy bitcoin’s value? When Tesla stopped accepting bitcoin because of the blockchain’s “increasing use of fossil fuels”, were environmentalists drawing a line? ...
Watchout For Bitcoin Price Ahead
The crypto market is currently bleeding as Bitcoin price leads the bearish momentum. While Bitcoin is struggling to claim its lost $22,000 level, major altcoins have lost more than 80% from their high...
Bitcoin price levels to watch as trader says ‘lights out’ below $21.6K
Bitcoin (BTC) rested at multi-week support at the March 9 Wall Street open as concerns over a deeper BTC price drop increased. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Trader: $19,70...
Where Will Bitcoin Price Head This Month; $25k or $18K?
Published 52 mins ago BTC Price Prediction: The Bitcoin price showed an unclear trend for the first week of March, creating a sense of uncertainty in the market. However, the second week started on a ...
Mt. Gox Sets Deadline for Creditors Ahead of Estimated $3,080,678,698 in Bitcoin (BTC) Payout
Creditors of the defunct crypto exchange Mt. Gox are receiving an extended deadline to comply with the requirements needed to receive a payout under the platform’s bankruptcy rehabilitation plan. Mt. ...
Arthur Hayes Proposes Bitcoin-Backed Stablecoin NakaDollar
Arthur Hayes, the co-founder of cryptocurrency derivative trading platform BitMEX, has proposed a new type of stablecoin, NakaDollar (NUSD), which would be backed by bitcoin (BTC) and bitcoin derivati...
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’ – Bitcoin News
After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.” According to Warren, she had previously w...
Xapo bank integrates Bitcoin Lightning Network amid turmoil in crypto banking sector
Ad Coinbase-owned Xapo bank announced its integration with the Bitcoin (BTC) Lightning Network on March 2, becoming the first fully-licensed bank integrated with the Lightning Network. This integratio...
MATIC, SOL Fall to Lowest Point Since January – Market Updates Bitcoin News
Polygon fell to its lowest point since January earlier in today’s session, as overall sentiment in crypto markets remained bearish. Overall, the global market cap is now down 1.46% as of writing. Sola...
Bitcoin: The why and how of traders wanting to long BTC
Traders are preferring to take a long position in contrast to the sustained decline in BTC’s price Whales’ action could trigger a bull trend but short liquidations remain at a minimum Bitcoin [BTC] tr...