On February 21, a collection of white papers was released by the Proof of Stake Partnership (POSA), a nonprofit industry organization. These white papers investigate the legal status of deposit tokens...
Tag: Bitcoin
US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks – Regulation Bitcoin News
U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor di...
Bitcoin (BTC) May Hit $50,000, CryptoLaw Founder Believes, But There’s a Catch
Yuri Molchan John Deaton has commented on various opinions on Twitter regarding which way BTC price will head next Founder of CryptoLaw.US and pro-Ripple crypto enthusiast John Deaton, has left a comm...
Jack Dorsey’s Cash App Bitcoin Revenue Down 25% Over Previous Year
9 seconds ago | 2 mins read Bitcoin News The company’s Cash App division earned $35 million in Bitcoin, down 25%. In 2022, Block’s annual gross profit was $1.66 billion, up 40% from the previous year....
Revenue for United States-based Coinbase Exchange Beats Expectations for 4th quarter
Coinbase, a cryptocurrency exchange that operates in the United States, has disclosed that its revenue for the fourth quarter of 2022 has above projections. This comes despite the fact that the exchan...
Bitcoin Falls 3% As PCE Rises 0.6% in January
Bitcoin (BTC) sank back to $23,000 on Friday shortly after the Personal Consumption Expenditure (PCE) price index registered a 5.4% annual increase, and a 0.6% monthly increase, in January. The higher...
Despite Signs of ‘Crypto Spring’ Analysts Say Too Early to Call
As the frost of crypto winter slowly melts, industry participants are beginning to feel the warmth of awakening optimism and excitement. Renewed interest in certain sectors of the industry including N...
Bitcoin continues to follow the liquidity plus the aggregation of central bank balance sheets
Quick Take As the global world faces extreme inflation, central banks try to rein in inflation by decreasing their balance sheets (quantitative tightening) and increasing interest rates. The blue line...
What if Bitcoin Price Reaches $30,000? How Will the Crypto Markets React?
The current consolidation of Bitcoin is nowadays compared largely with the previous consolidations of 2015, 2019, etc. The BTC price soon after the consolidation kick-started a magnificent bull run th...
Team behind Friendsies NFT project refutes claims
The team that is responsible for the nonfungible token collection Friendsies has refuted assertions that they are “abandoning” the NFT project in the wake of a flood of allegations that th...
BTC Lightning-Enabled Wallet BlueWallet to Shutdown Bitcoin Node Lndhub.io
Bitcoin wallet service provider BlueWallet has decided to shut down Lndhub.io, a Lightning Network node on the Bitcoin Network used to store and trade satoshis (sats) – the smallest denomination of th...
Two Ethereum Rivals Soar 93% and 45% in Just One Week, Far Outpacing Bitcoin and Crypto Markets
Two Ethereum (ETH) rivals are skyrocketing this week, far outpacing both Bitcoin (BTC) and the crypto markets in general. Filecoin (FIL) and Conflux (CFX) have risen 93% and 45% respectively during th...
Over $31M in Long Liquidations as Bitcoin Risks a Dip Below $23K
The last time the asset plummeted below the $23,000 territory was nine days ago. The Bitcoin derivatives scene has witnessed an estimated $31 million in long liquidations in the past 2 hours following...
Solana Spaces to Close Down Stores
Solana Spaces has decided to close its two Solana (SOL)-themed, community-oriented retail shops in New York City and Miami at the end of this month. These stores are situated in both cities respective...
Bitcoin Chain Demand Rises, But Slower Than Previous Cycles
On-chain data shows demand for Bitcoin has been returning recently, but the rise has been slower than what previous cycles saw at a similar stage. Bitcoin Active Addresses Haven’t Grown Much Recently ...
Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000 – Markets and Prices Bitcoin News
This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. ...
Block’s Q4 report reveals a drop in bitcoin revenue
Block Inc. exceeded the expectations of industry analysts and experienced a rise in its share price through after-hours trading. However the company’s bitcoin (BTC) revenue is falling due to the price...
Bitcoin mining report: Feb. 24
Bitcoin mining stocks tracked by The Block were mostly lower on Friday, with a total of 18 companies seeing their share prices decline. Bitcoin fell 3.1% to $23,213 by market close. © 2023 The Block C...
NFTs belonging to bankrupt hedge fund to be sold by liquidators
According to a recent statement, the nonfungible tokens (NFTs) that belonged to the failed hedge firm Three Arrows Capital (3AC) would be liquidated by its liquidators, Teneo. Christopher Farmer, a jo...
NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week’s ETH-Based NFT Sales – Markets and Prices Bitcoin News
Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales h...
Analyst Names ‘Must-Hold’ Level for Bitcoin (BTC) Bulls As Crypto Market Drops
A widely followed crypto analyst is highlighting the price level Bitcoin (BTC) bulls must hold as the crypto markets bounce. With BTC trading for $23,984 at time of writing, analyst Justin Bennett tel...
Block Inc’s Cash App Records Bitcoin Impairment in Q4 2022
Like many other companies, Block invested in Bitcoin when the digital asset price was skyrocketing. Multinational technology conglomerate Block (NYSE: SQ) said the Bitcoin gross profit from its Cash A...
How Can Bitcoin Fear And Greed Index Help Assess the Crypto Market Direction? – Cryptopolitan
The world of Bitcoin trading is not for the faint of heart. The cryptocurrency market is notoriously volatile, and prices can swing wildly in either direction within minutes. This unpredictability can...
Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency
In order to access its exclusive asset storage and management capabilities, Galaxy Digital has put $44 million into an institutional bitcoin custody platform. The purchase of GK8, a company that has c...
Bitcoin Preparing for Another Rally, BTC Price to Hit $100K in 2025
The bitcoin price is struggling to regain levels above $24,000 after falling below them during the early trading hours. The selling pressure has mounted, and hence, it appears that the star crypto is ...
Binance Australia Derivatives starts closing certain positions and accounts
Users of the Binance Australia Derivatives product have reported receiving unexpected notices on February 23 from the digital asset platform, which said that the company has begun closing some derivat...
Bitcoin Price To Suffer? IMF Issues Crypto Action Plan
Bitcoin Price News: The global digital asset is trading under increased selling pressure due to continuous regulatory scrutiny launched by the Financial watchdogs. The cumulative market cap has declin...
Kenyan Senate Ready to Engage Central Bank – Bitcoin News
The Kenyan Senate’s Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya (CBK) and other stakeholders in shaping the country’s policy towards cr...
Will Bitcoin bulls retain advantage? What to expect for BTC this weekend
Bitcoin’s (BTC) price movement has stalled, with the maiden cryptocurrency trading below $24,000 after this year’s momentum was cut partly due to macroeconomic and regulatory factors. Despite Bitcoin...
Coinbase Announces Launch of Ethereum Layer-2 Network
The cryptocurrency exchange Coinbase made the announcement about the launch of Base, an Ethereum layer-2 network, on February 23. The business has said that the newly launched network would provide a ...