TORONTO–(BUSINESS WIRE)–$CBIT #Bitcoin–(Block Height: 780,050) – Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) (“Cathedra” or the “Company”), a Bitcoin company that develops and operates world-cla...
Tag: Bitcoin
Bitcoin Bounces at $20,000 As Biden Administration Fights 50 Million American Citizens Who Own Cryptocurrency
Bitcoin just bounced off a historic line of support at $20,000 as the Biden Administration launches an all-out assault on cryptocurrency and the 50 million registered American voters who own digital a...
Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO
The collapse of crypto exchange FTX and other bearish events in the space were at the center of discussions among lawmakers and witnesses at the inaugural hearing of the United States House Committee ...
Bitcoin miner reserves drops, bearish signs emerge
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...
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...
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...
Biden’s Budget Proposal Includes Crackdown on Crypto Wash Sales and Doubling of Capital Gains Tax for Certain Investors
President Joe Biden’s upcoming budget proposal includes a few surprises for crypto traders and investors, as it seeks to raise around $24 billion through changes to crypto tax treatment. The pro...
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...
Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry
The voluntary liquidation of Silvergate Bank, a crypto-friendly bank, has caused a stir in the crypto industry, with many sharing their thoughts about the bank’s troubles and the broader impact of its...
‘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...
Jimmy Fallon Fights Subpoena in NFT Legal Battle
The current litigation between Yuga Laboratories Inc. and Ripps et al. has brought attention to the intellectual property and trademark rights that are associated with the NFT industry. In a separate ...
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...
Federal Judge Refuses to Consolidate Class-Action Lawsuits Against FTX Exchange
As a result of the decision taken by United States District Judge Jacqueline Scott Corley to refuse the motion to consolidate the cases, FTX and its defendants will have the right to react to the accu...
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...
Mt. Gox Creditors Given Extra Month to Register Claims, Distribution Deadline Delayed
Mt. Gox was a cryptocurrency exchange that was situated in Tokyo. At one point in time, it was responsible for more than 70% of all Bitcoin transactions. In 2014, the exchange suffered a hacking attac...
BaFin Declines to Classify NFTs as Securities, Recommends Case-by-Case Approach
The fact that there is now a discussion going on over the appropriate approach to classify these digital assets is reflected in BaFin’s decision to not recognize NFTs as securities. This argumen...