TL;DR Breakdown Bitcoin price hits above the $60,000 price mark. Binance took on the greatest hit as 49% of short positions was liquidated. Other crypto exchanges recorded huge losses as well. Bitcoin price rises to a new ATH The year started out on a bullish note for the crypto market with Bitcoin making successive ATHs […]
TL;DR Breakdown: About 164 Bitcoin whales address with over 1,000 BTC has been created since this year. Large BTC addresses have been on the rise since Bitcoin began increasing in value. Bitcoin (BTC) seems to have lost a lot of price momentum, as many people believe that the altcoin season is here. Cryptocurrencies like Ether […]
Over the past week, the province of Sichuan, China, has been facing heavy rainfall. Consequently, major Bitcoin mining pools have been affected, which has somewhat triggered a hashrate drop in the cryptocurrency’s network. Recently, the overall Bitcoin network hashrate reached a new all-time high. Heavy rainfall in Sichuan inflicts significant hashrate drop Reports noted that […]
TL;DR Breakdown: Grayscale may be planning for a Bitcoin ETF, per its recent job postings. The company’s AUM is currently worth over $43 billion.  The largest digital currency assets manager, Grayscale, is seemingly preparing to join the race for a Bitcoin exchange-traded fund (ETF), following its latest job postings. The company is currently hiring ETF […]
TL;DR Breakdown: Marathon has purchased $150 million worth of Bitcoin. It said holding Bitcoin is a better long-term strategy than cash. Institutions are still going for Bitcoin (BTC), although the price has been fluctuating a little above the $30,000 mark. Last week, Cryptopolitan reported that one of the biggest Bitcoin buyers, MicroStrategy, stacked up an […]
Wyoming Senator blasts about Bitcoin on ABC news describing it as a store of value. Cynthia Lummis, recently elected the Wyoming Senator talks about how Bitcoins finite value makes it a great storer. In the interview, she expressed great enthusiasm in regards to the coin. Wyoming Senator blasts about Bitcoin on ABC Wyoming Senator blasts […]
PayPal experiences a rise in Bitcoin and cryptocurrency demand beyond what was expected. By quarter three earnings call, Dan Schulman, the CEO of PayPal, said customers were keen to join their crypto services at a rate that caught the company off guard. Mr. Schulman said that the surge in demand was a wish, and he […]
TL;DR Breakdown MicroStrategy invests more money in Bitcoin Firm’s Bitcoin holdings now worth over $4 billion Despite the recent dwindling price of Bitcoin, business intelligence firm MicroStrategy has again announced that it has invested more money in the number one cryptocurrency. The firm’s CEO, Michael Saylor who has become a strong advocate for Bitcoin announced […]
Binance-backed crypto payments app Bundle has launched its service in Nigeria as the race for African crypto domination heats up. Bundle has launched its service in Nigeria after incubation by […]
Mainstream financial analysts are not yet done with the ‘Bitcoin is a bubble’ narrative to label the cryptocurrencies as a fad. Over the years, BTC skeptics have shown disdain for Bitcoin’s ability to power financial services and replace traditional currencies effectively. Even though a complete crypto takeover of the financial industry won’t happen any time […]