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US Senators Express Concerns over El Salvador's Bitcoin Adoption – What's Going On?
4.6.2023
El Salvador’s adoption of Bitcoin as a legal tender has caused concern among American lawmakers, who are calling for a risk report on the potential impact on bilateral economic relations and law enforcement cooperation.
Last month, US Senators Jim Risch and Bob Menendez reintroduced a bipartisan...
Bitcoin trading: Why should you trade BTC and how?
2.6.2023
Reading price charts is challenging when you hardly have any background in Bitcoin trading. When understanding Bitcoin trading, it would be best to begin with basic knowledge. Such includes understanding what Bitcoin trading is, why you should trade Bitcoins, types of traders, and market orders...
How the Upcoming US Jobs Report Might Impact the Bitcoin (BTC) Price
1.6.2023
US labor market data for May is due on Friday the 2nd of June.
The data, which is closely scrutinized by policymakers at the US Federal Reserve, could trigger volatility in the Bitcoin market, depending on how and if it impacts expectations for further interest rate hikes from the US central bank....
How Will Bitcoin Perform in June? Here Is What History Tells Us
1.6.2023
Bitcoin is on course to close May down a little over 7%, marking the first negative month for the world’s largest cryptocurrency since last December.
The drop would also mark BTC’s worst month since the collapse of cryptocurrency exchange FTX triggered a 16% price drop last November.
But a...
Bitcoin Trading at Discount on Binance Australia Due to Upcoming Payment Cutoff – Here's What You Need to Know
31.5.2023
As Binance Australia is facing a cut off from a key local on-ramp service, traders have been trading Bitcoin (BTC) and other cryptocurrencies at a discount on the platform. ...
Read More: Bitcoin Trading at Discount on Binance Australia Due to Upcoming Payment Cutoff – Here's What You Need to Know
The Bitcoin Standard' Author to Advise El Salvador on Economic Strategy
31.5.2023
Saifedean Ammous, a prominent economist and author of "The Bitcoin Standard," has been appointed as an economic advisor to El Salvador's National Bitcoin Office (ONBTC).
In a Tuesday Twitter thread, the ONBTC revealed that Ammous is joining the division as an economic advisor, providing advice...
Bitcoin Mining Set to Hit New Record High – What’s Driving the Surge?
30.5.2023
The Bitcoin mining difficulty is about to be adjusted to a fresh record high, reflecting a continued rise in the number of mining machines competing to secure the network.
According to data presented by CoinWarz.com, the BTC mining difficulty will be lifted from its current level of 49.55 trillion...
Tether Plans Bitcoin Mining in Uruguay
30.5.2023
Tether is launching bitcoin mining in Uruguay.
Tether, the company behind the largest stablecoin by market cap, said the move “showcases” its commitment to energy innovation and the future of crypto, in an announcement on Tuesday. ...
Read More: Tether Plans Bitcoin Mining in Uruguay
About 85,000 Bitcoin Options Contracts Set to Expire This Friday
25.5.2023
About 85,000 bitcoin options contracts, worth around $2.3 billion, are set to expire on major cryptocurrency futures and options exchange Deribit this Friday.
According to Deribit data, around 700,000 Ethereum options, valued at over $1.2 billion, are also set to expire on May 26.
"This Friday...
Florida Gov. Ron DeSantis Runs for President, Promises To Protect Bitcoin
25.5.2023
U.S. presidential candidate Ron DeSantis promised to protect bitcoin when announcing his bid for presidency this week.
DeSantis announced his run for president during a Twitter space on Wednesday, hosted in part by billionaire Elon Musk.
“As president, we will protect the ability to do things...
FOMC Minutes Signal Central Bank Divided on Need for More Tightening – Here is How Crypto Reacted
24.5.2023
The minutes from this month’s FOMC meeting of US Federal Reserve policymakers were just released, revealing the bank to be divided on the need for further interest rate hikes.
Cryptocurrency, forex, US equity and US bond markets didn’t see much of a reaction to the minutes, the tone of which were...
Santiment Measures Social Media Text Volumes of Bitcoin - Here's What They Find
24.5.2023
The price of Bitcoin (BTC) generally moves in the opposite direction of what traders anticipate, crypto sentiment analysis firm Santiment has found.
Writing on Twitter earlier this week, Santiment said that the fact that Bitcoin’s price moves contrary to what “the crowd” expects is something that...
VanEck CEO Says “No Chance” on the Future of a Spot Bitcoin ETF in the US
22.5.2023
A bitcoin-spot exchange traded fund may not be in the cards for investors any time soon, VanEck CEO Jan van Eck alluded to last week.
During the Bitcoin 2023 conference in Miami last week, Van Eck was asked what the likelihood of a spot bitcoin ETF in the US.
His response was “no chance.”...
Robert F. Kennedy Jr. vows to defend Bitcoin against 'invasive surveillance'
22.5.2023
Roughly a month after he announced his willingness to run in next year’s U.S. presidential election, Democratic presidential candidate Robert F. Kennedy Jr. has declared he will defend Bitcoin (BTC) against what he describes as "invasive surveillance”. ...
Read More: Robert F. Kennedy Jr. vows...
New Uniswap Coins a Good Buy If Bitcoin Price Top In - Wall St Prediction as Traders Hunt Next Dogecoin, Shiba Inu or Pepe
21.5.2023
Wall Street investment bank Morgan Stanley thinks the Bitcoin top could be in as investors are diversifying into newer cryptocurrencies on decentralized exchanges like Uniswap, particularly speculative meme coins.
Heading into June 2023, the Bitcoin price has risen approximately 100% from...
Democratic Presidential Candidate Kennedy Lays Out Campaign Promises for Bitcoin
20.5.2023
Democratic presidential candidate Robert F. Kennedy Jr. made campaign promises on Friday advocating for bitcoin users, adding that he plans to accept campaign donations in bitcoin.
“As president, I will make sure that your right to hold and use bitcoin is inviolable,” Kennedy said at the Bitcoin...
President Biden’s Crypto Mining Tax “Isn’t Going To Happen,” Sen. Lummis Says
19.5.2023
US Sen. Cynthia Lummis is not a fan of President Biden’s proposed 30 percent tax on cryptocurrency miners.
“That isn't going to happen,” the Wyoming Republican and crypto enthusiast, said on Friday at Bitcoin 2023 Conference in Miami.
There are environmental benefits including “not venting...
Ripple Launches Platform To Help Governments Issue CBDCs
19.5.2023
Ripple launched a platform on Thursday that would help central banks, governments and financial institutions around the world issue their own central bank digital currency.
The Ripple CBDC Platform would offer customers ledger technology and enable issuers to manage CBDCs from start to finish...
This Metric of Bitcoin (BTC) Price Momentum Just Fell to its Lowest Since March – Is Now a Good Time to Buy?
17.5.2023
A key metric that measures momentum in the Bitcoin price just fell to its weakest level since March.
Last week, Bitcoin’s Z-score to its 200-Day Moving Average fell under 1.0, where it has remained more or less ever since.
That means that the current Bitcoin price is only just under one standard...
Bitcoin Startup River Raises $35 Million in Funding Round Supported by Billionaire Peter Thiel
17.5.2023
Amid the dwindling venture capital investing in the crypto and blockchain industry, Bitcoin start-up firm, River, has secured a $35 million Series B funding.
River took to Twitter to share its excitement about the development.
According to the announcement, a notable venture capitalist firm...