Tag: Bitcoin
Bitcoin Bulls getting restless as $BTC continues to trade in a narrow range
Bitcoin’s price has begun to decline after hitting a wall at the $27,500 mark. The digital asset has been having difficulty lately, failing to break through the $27,500 barrier. As…
Bitcoin price volatility might continue as the US Fed Reserve keeps rates unchanged
The U.S. Federal Reserve made the much-anticipated decision to maintain monetary policy on Wednesday, maintaining the 5.25% to 5.50% range for its benchmark interest rate. Fed officials also predicted that interest rates…
Bitcoin bearish phase to continue even as derivatives and ordinals data reveal positive trading activity
Pic Credit: Trading View The five-day BTC chart displays that while the bears may be enjoying an extended phase, the bulls might prevail in the long run. The current bearish…
HashKey bags first crypto retail trading license in Hong Kong
Leading crypto financial services group HashKey Exchange became the first enterprise to be granted a crypto trading license under Hong Kong’s new licensing regulations. The new license would enable the…
Consensus Mechanism: Proof of Work (PoW)
In general, consensus refers to the collective agreement of a majority within a group indicating that they support a particular decision. Within the realm of blockchain, consensus mechanisms serve as…
Defamation case: Craig Wright loses appeal against Bitcoin celebrity Peter McCormack
Australian computer scientist who is also referred to as the ‘fake Satoshi Nakamoto’, lost a case that he had filed against Peter McCormack in a United Kingdom court in connection…
MicroStrategy Increases Bitcoin Holdings, Controlling 0.726% of Total Supply
MicroStrategy, a prominent publicly traded company and leader in Bitcoin holdings, has once again demonstrated its assertive approach to acquiring Bitcoin. The corporation just disclosed the acquisition of a further 12,333…
Bitcoin Depot’s Nasdaq Debut pushes its price by 12%
The world’s largest cryptocurrency operator Bitcoin Depot debuted on the Nasdaq on July 3, 2023, and clocked a 12% increase in its share price. The uptick in its price came…
For its spot trading ETF, Cboe names Coinbase as a partner for surveillance-sharing agreements
The Chicago Board Options Exchange’s (Cboe) BZX Exchange announced leading crypto exchange Coinbase as its surveillance partner for its Bitcoin spot trading Exchange Traded Fund (ETF) while refilling applications with…
Bitcoin Price Prediction: $BTC managed to close the 2nd quarter candle in green!
Many experts have been warning that a price retreat is imminent for Bitcoin but the pioneering cryptocurrency has managed to surprise all. Rising high on the news of Microstrategy purchasing…
US court orders Kraken to turn over its users’ account info to IRS
A US court on June 30, 2023, ordered cryptocurrency exchange Kraken to submit details of its users’ accounts and other transactional data to the Internal Revenue Service (IRS). The agency…
CME Group to Roll Out Ethereum/Bitcoin Ratio Futures in July
The Chicago Mercantile Exchange (CME) Group on June 29, 2023, announced that it will be rolling out Ether/Bitcoin Ratio futures. The futures contracts are slated to be launched on July…
The new tax rule of Slovakia might help to increase the demand for Crypto
Slovakia has been an early adopter of cryptocurrencies since the year 2018. Slovakia has come a long way from cryptocurrencies not having a robust legal framework to passing the bill…
UK’s new crypto rule gets Royal Assent. Here’s what it means
A new bill that would enable regulators in the UK to oversee cryptocurrencies and stablecoins was approved by King Charles on June 29, 2023, making it an official law. The…
ARK and 21Shares amend 19b-4 for their ETF. Here’s what it means
ARK Investment Management and crypto asset management firm 21Shares will be making changes to their 19b-4 for their spot Bitcoin exchange-traded fund (ETF) to include a surveillance sharing agreement (SSA)….
Bitcoin Price Prediction: $30K achieved. What’s next for BTC?
Bitcoin received a fresh boost after many institutional investors including BlackRock started applying for ETF. BlackRock has had a stellar record of ETF approvals with only one denial and it…
Robert F. Kennedy Jr. Hails Bitcoin as “Perfect Currency” and Criticizes SEC’s Crypto Policy
Robert F. Kennedy Jr., a Democratic US presidential candidate for the 2024 campaign, has expressed his admiration for Bitcoin ($BTC), calling it the “perfect base currency.” Kennedy believes that cryptocurrencies…
Pakistan Implements Ban on Cryptocurrencies to Combat Illicit Transactions
In a recent decision by the Senate Standing Committee on Financial Affairs, Pakistan has banned cryptocurrencies. The move comes as a response to concerns raised by officials regarding the involvement…
Bitcoin Is Becoming Illiquid, Signaling Steady Accumulation
The cryptocurrency market has been witnessing unprecedented growth in recent years, with Bitcoin leading the charge. In a recent development, Bitcoin has been showing signs of illiquidity where more and…
El Salvador Engages ‘The Bitcoin Standard’ Author for Economic Strategy Consultation
The National Bitcoin Office of El Salvador has appointed Dr. Saifedean Ammous, renowned author of “The Bitcoin Standard,” to provide consultancy on economic policies. Dr. Ammous’s book, published in April…