The CME’s Fedwatch Tool increased its prediction that the Federal Reserve will raise the federal funds rate by 50 basis points at its Open Markets Committee meeting later this month after a speech by ...
Tag: Bitcoin
Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal – Bitcoin News
Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. ...
Bitcoin mining report: March 7
Bitcoin mining stocks tracked by The Block were mostly lower on Tuesday, with six gaining and the other 13 declining. Bitcoin fell 1.8% to $22,046 by market close. Here is a look at how the individual...
Bitcoin Rebounds Above $22K, Equities Struggle After Fed Chair Powell Says Rates Are ‘Likely to Be Higher’
Most other major cryptos were largely in the red, aligning with equities markets, which also wrestled with Powell’s remarks. The S&P 500, Wall Street’s benchmark equity index, closed down 1....
Crypto Analyst Alex Krüger on Bitcoin Price: 30K-35K Looks Doable
According to Kruger, Bitcoin may soar to $35,000, a 52% increase from its current price. Limited correlation between stocks and digital assets: unlikely to affect the price of bitcoin Popular cryptocu...
Judges Scrutinize SEC Over Denial of Grayscale Bitcoin ETF
Judges overseeing Grayscale’s lawsuit against the Securities and Exchange Commission (SEC) questioned the financial watchdog Tuesday, digging into the agency’s basis for denying Grayscale’s applicatio...
Silver Proponent Predicts Medium-to-Long-Term Prices of $125 Per Ounce Thanks to Auto Industry – Economics Bitcoin News
Silver prices have been hovering just below the $21 per troy ounce mark over the last 24 hours, after jumping above the $24 range in mid-January. While long-term and modest forecasts expect silver to ...
A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF
The core argument in favor of approving a spot bitcoin ETF, at least at this time, is that the SEC’s concerns about manipulation are literally inconsistent – and possibly in violation of the Administr...
Arizona State Senator Pushes Bill to Make Bitcoin Legal Tender
Wendy Rogers bids to see bitcoin become legal tender in the state of Arizona Rogers previous bill with a similar motive was rejected A number of states have already formally accepted Bitcoin as a val...
Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth
The crypto market remains in the bear zone, even after several months. In the last week, major coins, such as Bitcoin and Ethereum have seen a decline; for now, it’s impossible to determine the outcom...
Key Bitcoin price metrics point to BTC downside below $22.5K
Bitcoin (BTC) faced a 1-hour $1,420 pullback on March 3 following Silvergate Bank’s 57.7% stock crash which was due to significant losses and “suboptimal capitalization.” The U.S. fi...
Bitcoin [BTC]: As market hits ‘transition phase,’ here are the things to look out for
On-chain data revealed that BTC’s ongoing performance is hinting at an imminent bear market end While many BTC holders remain in profit, the level of profitability has started to decline In its latest...
Cryptocurrency Explained – From Blockchain to Bitcoin
After doing a little research on the issue of cryptocurrency, you can be sure that no one will deny the fact that cryptocurrency has been one of the hottest topics in the financial world for the past ...
Bitcoin (BTC) Dips $22,000 as Fed Chair Says Interest Rates Will Likely Be Higher
Alex Dovbnya Investors will be closely watching Powell’s comments on the Fed’s inflation targeting steps This Tuesday, the Committee on Banking, Housing, and Urban Affairs will hold a hear...
Yuga Labs’ Twelvefold Collection of Ordinal Inscriptions Generates 735 Bitcoin, Worth More Than $16 Million – Bitcoin News
Yuga Labs, the creators of the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), announced that the team has completed its Ordinal Inscription auction with a total of 3,246 bi...
Algorand Wallets Hacked Again | Blockchain News
Algorand-based wallets have been hit by security breaches in recent weeks, with MyAlgo and Algodex both experiencing hacks. MyAlgo urged users to withdraw their assets or rekey their funds after a Feb...
Argo Blockchain Increases Daily Bitcoin Production Despite Network Difficulty Spike
Publicly-listed Bitcoin (BTC) mining firm Argo Blockchain has reported an increase in its daily Bitcoin production for the month of February, despite a significant spike in network difficulty. Accordi...
Judges question SEC’s logic during Grayscale’s first Bitcoin spot ETF appeal hearing
Ad Federal appellate court judges questioned the SEC’s arguments during the first appeals hearing on March 7 and asked the regulator’s lawyer what more Grayscale Investments needs to offer to satisfy ...
Utah Passes Law Recognizing Decentralized Autonomous Organizations
The Utah State Legislature has approved a new law, the Utah Decentralized Autonomous Organizations Act, providing legal recognition and limited liability to decentralized autonomous organizations (DAO...
Hong Kong Suffers Surge in Crypto Scams in 2022
A large increase in the number of financial losses brought on by bitcoin scams has been seen in Hong Kong in the year 2022. According to reports from the local police, victims of cryptocurrency scams ...
South Koreans transacted $4.3 billion through illegal crypto exchanges
South Korea has been tightening its regulatory regime towards crypto exchanges, but it seems that some citizens are still engaging in illegal transactions. According to local sources, South Koreans tr...
China announces new financial regulator in governmental overhaul
China has announced plans for a governmental overhaul that includes the introduction of a new national financial regulator. On Tuesday, March 7, the government announced that it would abolish the Chin...
WeChat Adds Digital Yuan Payment Functionality
WeChat, China’s leading social networking and payment app, has now integrated the country’s central bank digital currency, the digital yuan, into its payment services, according to local r...
Retail investors’ habits vary between exchanges when it comes to Bitcoin
Definition Breakdown of the net flow of coins into/out of exchanges by the USD value of the transactions. Quick Take Retail transactions are defined as less than $10,000 (dark green) and less than $10...
Fed Triggers Bitcoin and Crypto Flash Crash As Jerome Powell Declares Rates Could Rise Higher Than Expected
Comments from US Federal Reserve Chairman Jerome Powell sent global markets and Bitcoin into a free fall on Tuesday. But so far, BTC has bounced back. In a U.S. Senate Banking, Housing, and Urban Affa...
Binance Adds 11 Tokens to PoR Report
The proof-of-reserves (PoR) report of Binance, which is one of the most important and biggest cryptocurrency exchanges in the world, has been updated to include 11 new assets. MASK, ENJ, WRX, GRT, CHR...
Grayscale Appears To Win Opening Salvo in Bitcoin ETF Case vs SEC
DC Circuit Court of Appeals judges grilled the SEC on why the regulator approved bitcoin futures exchange-traded products (ETPs) and not Grayscale Investments’ proposed spot offering Tuesday — a line ...
Thailand Waives Taxes on Investment Tokens
Thailand’s government is taking further steps to benefit from the growth of the digital asset industry by waiving taxes on investment tokens. According to Reuters, Thailand’s cabinet has a...
Liquid Collective launches on Coinbase Prime and Bitcoin Suisse
Software development company Alluvial launched Liquid Collective, an enterprise-grade liquid staking protocol, on Coinbase Prime and Bitcoin Suisse. Customers of the institutional crypto platfor...
Canaan’s Q4 2022 Revenue Declines by 82.1% YoY to $56.8M
Chinese Bitcoin miner and manufacturer of application-specific integrated circuit (ASIC) mining machines, Canaan, has reported an 82.1% YoY revenue decline to $56.8 million in Q4 2022, according to a ...
Iran-backed hacker demanded 80 bitcoin in anti-Israeli ransom note
A group of anonymous hackers that recently attempted to extort nearly $2 million in bitcoin from a prominent Israeli university is linked to Iranian security services, reports local outlet i24NEWS. In...
Crypto Analyst Chris Burniske Sheds Light On Ethereum’s Price Performance Against Bitcoin ⋆ ZyCrypto
Advertisement     The cryptocurrency market kicked off 2023 on a promising foot, as assets like Bitcoin and other leading altcoins in the market recorded significant p...