Analysts have analyzed Bitcoin’s indications and determined that BTC had reached a bottom. Based on the data, experts believe Bitcoin will recover its losses and reach a target of $40,000 in the comin...
Category: Bitcoin
Live Bitcoin News Updates.
China re-emerges as second-largest bitcoin mining center despite recent ban
Despite the intense pressure from the Chinese government last year to crack down on cryptocurrency operations, especially mining, the country has again surfaced as one of the biggest Bitcoin mining ju...
Terra’s Tendermint Touch — Cosmos-Based Token Economy Hit Hard by LUNA’s Demise – Markets and Prices Bitcoin News
Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen s...
Is Bitcoin Global Reserve For Cryptocurrency?
There are 19,042,100 BTC coins in circulations. As of now, Bitcoin has a 42.4% market share. For the first time since July 2021, Bitcoin (BTC) went below $29,000. The whole volume of the crypto market...
El Salvador: Bukele discusses Bitcoin with 44 countries
President Nayib Bukele announced that 32 central banks and 12 financial authorities from 44 countries will meet in El Salvador to talk about Bitcoin. El Salvador and Nayib Bukele’s meeting with 44 cou...
Bitcoin Maintains $30K, Terra’s UST Continues Crashing and Dips to $0.04 (Market Watch)
Following yesterday’s drop to $29,000, bitcoin reacted well and reclaimed the coveted $30,000 line. Most altcoins are sitting calm with minor gains, while Litecoin and CRO have emerged as today’s top ...
Five (5) Things to Know if You’re a Bitcoin Newcomer
Invented during the fallout of the Great Recession of the late aughts, Bitcoin has burst out of its obscure computer science origins. Predictions of its demise have, to date, not been vindicated. Whil...
Bitcoin․com Exchange Market Insights Report for May 2022 – Promoted Bitcoin News
This is the May 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure anal...
China’s underground Bitcoin mining operations are thriving despite ban, data shows
China is back again as a key center for Bitcoin mining, despite the country outright banning the activity one year ago. Previously China had been a major hub for Bitcoin mining and according to stati...
Bitcoin’s Seventh Straight Week in the Red Sets New Record
Bitcoin’s seventh consecutive week of losses is unprecedented. The previous six-week record took place in 2014, when Bitcoin dropped from $507 on August 25 to $323 on October 6, according to BitStamp....
Latest Market Crash Could Be Turning Point for Bitcoin and Crypto, According to Michael Saylor – Here’s Why
MicroStrategy CEO Michael Saylor is weighing in on the future of crypto a week after one stablecoin collapsed and sent ripples through the industry. In an interview with Fox Business host Charles Payn...
Luna Foundation Guard Discloses Usage of Bitcoin Reserves – Bitcoin News
The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle ...
3 Major Metrics Suggesting Bitcoin Is on Strong Support as BTC Aims at Upward Move
Arman Shirinyan Despite 60% retrace, long-term holders are still in business Jurrien Timmer, the director of global macro at Fidelity has provided many metrics about the current place of Bitcoin on th...
Luna Foundation Guard Loses 80,000 Bitcoin Worth Over $3B due to UST Crash
The Luna Foundation Guard saw its Bitcoin reserves take a massive hit following the UST stablecoin’s price plunge. Following the crash of controversial stablecoin UST, the Luna Foundation Guard (LFG) ...
Bitfarms Records $40m in Total Revenue and 900 BTC Mined in Q1 2022
Bitfarms Ltd, a Canadian Bitcoin mining company, announced its financial results for the first quarter ended March 31, 2022. Bitfarms said on Monday that it has mined 961 Bitcoin (BTC) at an average c...
Top Crypto Analyst Says Bitcoin (BTC) Just Flashed ‘Extremely Reliable’ Bottom Indicator
A closely tracked crypto trader says Bitcoin (BTC) just flashed a signal that has historically marked the bottom of previous bear markets. In a new strategy session, analyst Kevin Svenson tells his 68...
President Nayib Bukele announces that 44 countries will meet in El Salvador to discuss Bitcoin
El Salvador President Nayib Bukele announced a meeting of 32 central banks and 12 financial authorities from 44 countries on Twitter late Sunday night. On Monday, May 16, this meeting will take place ...
Institutions Poured $300M Into Bitcoin Funds During Terra Meltdown: Report
Bitcoin price volatility seems to have been a sale klaxon for institutional investors last week, some of which poured $299 million into exchange-traded Bitcoin funds, according to a new CoinShares rep...
Luna Foundation Sold 80K Bitcoin in ‘Last Ditch Effort to Defend’ UST Peg
The Luna Foundation Guard (LFG), the non-profit overseeing the Terra ecosystem, said that it sold almost all of the $3.5 billion bitcoin it held in reserve “as a last ditch effort to defend the [UST] ...
BTC Price Fluctuates Above $30K
Bitcoin Trades in a Tight Range as BTC Price Fluctuates Above $30K – May 16, 2022 Since May 12, BTC/USD has been consolidating above the $29,000 support as BTC Price fluctuates above $30K. For the pas...
Can Bitcoin Holders Expect Bull Run in 2022? Here’s Where BTC Price is Heading Next!
Over the previous 24 hours, the market has been in the negative as retracement has been observed across the board. Bitcoin, the market leader, fell 2.5 percent, while Ethereum fell 4.03 percent. Avala...
Portugal to Tax Cryptocurrency Income According to Minister of Finance – News Bitcoin News
Portugal, one of the countries considered a crypto tax haven due to its absence of crypto-related taxation, is preparing to change this policy. Fernando Medina, minister of finance of Portugal, stated...
BTC, ETH and XRP Price Analysis for May 16
Bulls have failed to seize the initiative as most of the coins remain in the red zone. Cardano (ADA) is the only exception to the rule, rising by 0.75%. Top coins by CoinMarketCap BTC/USD Bitcoin (BTC...
What is Lightning Network? Bitcoin’s Scalability Solution
In brief Because of the way it’s built, Bitcoin suffers from slow transaction speeds and high transaction costs. The Lightning Network is a “second-layer solution” that speeds up tra...
Bitcoin Hits Death Cross Painting A Scary Picture Ahead
The world’s largest cryptocurrency Bitcoin (BTC) witnessed a brutal crash last week along with the collapse of the Terra ecosystem. Since then, the Bitcoin price has been flirting around $30,000 but h...
Indian Regulator SEBI Proposes Banning Public Figures From Endorsing Crypto Products – Regulation Bitcoin News
The Securities and Exchange Board of India (SEBI) has reportedly proposed banning public figures, including celebrities and sportsmen, from advertising and endorsing crypto products. The regulator als...
Bitcoin Chart Shows “Ominous” Combination, It’s Long Way Down for BTC: Peter Schiff
Yuri Molchan Prominent Bitcoin opponent and a gold bug points to an “ominous” combination on a BTC chart that makes a long fall for BTC likely Peter Schiff, CEO of Euro Pacific Capital and chairman of...
LFG Swapped Over 80k BTC for $UST Soon After Stablecoin Lost Peg – crypto.news
On May 16, Wu Blockchain reported that the LFG currently holds a reserve of merely 313 BTC. The announcement came after LFG noted that they converted most of their reserves when UST began to lose its ...
Nayib Bukele says 44 countries to meet in El Salvador to discuss bitcoin
Nayib Bukele, the president of El Salvador, tweeted late Sunday that 44 countries will meet in El Salvador on Monday to discuss bitcoin, among other things. “Tomorrow, 32 central banks and 12 fi...
Bitcoin Has Failed as an Alternative Money, says Former Fed Chairman
Ben Bernanke – former chairman of the U.S. Federal Reserve – does not believe Bitcoin or other cryptocurrencies can succeed as an alternative money. He claims their prices are too volatile to serve as...
Crypto Expert PlanB Reveals New Bitcoin (BTC) Bull Run
PlanB, Dutch analyst and the brains behind the BTC Stock-to-Flow (S2F) model, has once again predicted a potential Bitcoin bull market which he believes will be ushered in following a bottom price tou...
Bitcoin Holds Key Support, Why BTC Must Clear This Resistance
Bitcoin corrected lower and tested the $29,000 support against the US Dollar. BTC must settle above the $30,500 resistance to start a decent increase. Bitcoin failed to gain pace above $31,000 and cor...