– Advertisement – Institutions Are Yet To Turn Buyers Despite All Dips Bitcoin Had. The recent rally is unsustainable, and Bitcoin is likely to dump again from the next Fed rate hike annou...
Tag: Bitcoin
Zcash is Clogging up in What Looks Like a Spam Attack
The Zcash protocol might be under a spam attack, as analysts pointed out on Twitter in a long discussion that started since Wednesday. Being a privacy-focused protocol, Zcash’s “Shielded Transaction” ...
Bad Actors Penetrate Bitcoin Backed DeFi Protocol And Steal $1 Million
Recently, Sovryn, a Bitcoin-based DeFi protocol, lost $1 million in digital assets through a hack. The hacker executed the attack through price manipulation and carted away $1 million in crypto, inclu...
Bitcoin beats out shorts as BTC price attempts to crack $20.5K
Further fluctuations within the range nonetheless see bulls avoid another retest of more crucial support. Bitcoin (BTC) reclaimed and held $20,000 into Oct. 6 as the latest rebound punished short spec...
Cardano Creator Charles Hoskinson Predicts ‘Vastly Superior’ Versions of Bitcoin Will Burst Across Crypto Markets
Cardano (ADA) creator Charles Hoskinson is unveiling his take on Bitcoin’s (BTC) value proposition as it increasingly becomes used in the realm of decentralized finance (DeFi). Hoskinson believes “wra...
Bitcoin miners capitulation passes, but spiking hash rate keeps pressure on
On October 3, the Bitcoin hash rate soared to a new all-time high of 244.25 EH/s. Commenting on this, Binance CEO Changpeng Zhao said, “miners know something we don’t.” Two days later, the hash rate s...
Another Major Crypto Hack as $100M BNB Stolen
The crypto industry has witnessed another major hack. Roughly $100 million of Binance Coin (BNB) was stolen after an exploit occurred on a bridge between blockchains. The issue is “contained now...
Fidelity Launches Ethereum Index Fund — Sees Client ‘Demand for Exposure to Digital Assets Beyond BTC’ – Finance Bitcoin News
A filing with the U.S. Securities and Exchange Commission has shown that Fidelity looks to launch an investment product known as the Fidelity Ethereum Index Fund on October 4, 2022. While the new fund...
Has Bitcoin Price Broken Out Of Downtrend Resistance? BTCUSD
In this episode of NewsBTC’s daily technical analysis videos, we examine a possible breakout of Bitcoin price on linear scale. We also compare the breakout on logarithmic scale to determine if the sig...
Bitcoin can solve the DeFi onboarding crisis, argues exec
Bitcoin.com CEO Dennis Jarvis believes that Bitcoin can be a bridge that leads users to the decentralized finance space. As the decentralized finance space remains plagued with hacks, people have beco...
Bitcoin Could Bottom in Q4 2022 and Enter New Bull Run in Q1 2023
The cycles of financial markets, and the cryptocurrency market, in particular, are characterized by a peculiar asymmetry. A bull market usually ends with extreme euphoria, which leads to a short-lived...
Abrdn Joins Hedera Governing Council after Archax Investment
Legacy investment management firm, Abrdn has joined the Hedera Governing Council as it looks to deepen its foothold in the digital currency and blockchain ecosystem. According to Duncan Moir, senior i...
Just Buy Bitcoin! BTC Outperforms All Major Crypto Stocks in 2022
Bitcoin (BTC) price has dropped significantly since January, but not as bad as traditional crypto stocks. The leading crypto asset has lost slightly more than 50% this year but crypto stocks such as C...
Gofaizen & Sherle to Help Businesses Scale the New Lithuanian Cryptocurrency Regulations – Press release Bitcoin News
press release PRESS RELEASE. In light of the strengthened supervision of the cryptocurrency sector by Lithuania, Gofaizen & Sherle, an international legal and management consulting firm based in E...
“Rosy” Earnings Estimates Will Hurt Bitcoin, BTC Struggles At $20K
Bitcoin continues to lose momentum on low timeframes, as bulls were unable to follow through on yesterday’s upside impulse. The cryptocurrency was rejected around the mid-area of its current levels an...
Solar ‘Bazooka’ Bitcoin mine warms warehouse amid Europe’s energy crisis
A warehouse in the Netherlands swapped out natural gas for Bitcoin miner heating — saving money, efficiency and the planet. It’s another win for Bitcoin miners and the environment. A Dutch Bitcoiner h...
South Korean Prosecutors Arrest Key Do Kwon’s Aid
South Korean prosecutors in charge of the Terraform Labs case have arrested a major employee of the embattled blockchain startup named ‘Yoo’. As reported by the Korean media platform JTBC,...
Bitcoin Miner Greenidge Seeks to Raise $22.8 Million in Class A Common Stock Proposal – Mining Bitcoin News
The bitcoin mining operation Greenidge Generation is seeking to raise roughly $22.8 million, according to a U.S.Securities and Exchange Commission (SEC) filing published Wednesday. According to the pr...
Calm Before The Storm? Bitcoin Volatility At Historically Low Levels
Data shows the Bitcoin 7-day volatility has plunged down recently to pretty low values. Here’s what has historically happened following instances of such a trend. Bitcoin 7-Day Volatility Has Declined...
Bitcoin, Ethereum, Filecoin, and Hedera Hashgraph Daily Price Analyses – 6 October Roundup
The global crypto market has seen a performance change due to recessive bouts. The recent changes turned Bitcoin, Ethereum, and others into a bearish mood as they couldn’t retain their gains. The rece...
EU Imposes 8th Wave Sanctions over Russia to Include Blanket Crypto Ban
The European Union (EU) has updated its sanction on Russia, the 8th package, and this time, it unveils zero tolerance for crypto-related transactions. According to a Press Release shared by the 27-me...
About $1 Million Stolen From Bitcoin DeFi Protocol Sovryn via iToken Price Manipulation – crypto.news
Sovryn, a bitcoin-based DeFi protocol, loses about $1 million worth of crypto to cyber attackers in a price manipulation hack. The attacker(s) achieved this by exploiting a vulnerability discovered in...
Bitcoin Bulls Could Eye $25,000 Next, Analyst Says
Alex Dovbnya Largest cryptocurrency could see significant volatility burst, according to Arcane researchers Bendik Norheim Schei, the head of research at Arcane, told Barron’s that Bitcoin bulls...
Stablecoin Issuer MakerDAO Invests $500m into U.S Treasuries & Corporate Bonds
MakerDAO, a decentralized autonomous organization (DAO) tasked with the governance and issuance of stablecoin DAI, on Thursday allocated $500 million for investment in U.S. short treasuries and corpor...
Bitcoin and Gold Correlation Spikes to Yearly Highs
Investors are currently fleeing bitcoin and gold amidst a strengthening US Dollar and rising interest rates. This has negatively impacted both – the world’s largest crypto and the precious metal. As a...
European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight Evasion – Taxes Bitcoin News
Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has be...
Despite Tornado Cash fiasco, Bitcoin SV launches ‘Blacklist Manager’ tool
Bitcoin SV has launched “Blacklist Manager,” enabling miners to freeze lost or stolen tokens “to comply with court orders” and assist in asset recovery. A tweet announcing the new function opened with...
Bitcoin Price Analysis: 20479 in Sight
BTC/USD Poised to Challenge 20479: Sally Ho’s Technical Analysis – 7 October 2022 Bitcoin (BTC/USD) remained buoyant early in the Asian session as the pair worked to remain above the 20323.33 level...
Bitcoin Traders Slayed the Infamous Bear Whale Who Dumped 30,000 BTC in a Single Trade – Featured Bitcoin News
Eight years ago today on October 6, 2014, while the price of bitcoin was coasting along at $330 per unit, an anonymous Bitstamp trader placed an order to sell 30,000 bitcoins. Moreover, the trader, no...
Bitcoin: Assessing the impact of BTC’s correlation with traditional markets
No thanks to the worsening macroeconomic conditions, the cryptocurrency market was severely beaten down in the last quarter, a new report from Cryptorank (an analytics platform) showed. Following the...