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Bitcoin Back Above $29,000 Post-Fed as Markets Bet on Rate Cuts – Where Next for the BTC Price?
4.5.2023
Bitcoin has recovered back above the $29,000 level, rising above its 21 and 50-Day Moving Averages in doing so, in wake of another rate hike from the US Federal Reserve.
The US central bank lifted the federal funds target range by 25 bps on Wednesday to 5.0-5.25%, marking 500 bps worth of rate...
Himalayan Kingdom of Bhutan Discloses Secret Bitcoin Mining Activities
3.5.2023
According to a recent Forbes report, DHL, the commercial arm of Bhutan's Royal Government, entered the Bitcoin mining industry by purchasing BTC when it was priced at $5,000.
Druk Holding and Investments (DHI), which had not previously disclosed its early involvement in Bitcoin mining, has been...
Can the Bitcoin (BTC) Price Snap its Recent Run of Ugly May Returns?
2.5.2023
Since 2011, Bitcoin (BTC) has posted an average return of 18.3% in May, according to data presented by bitcoinmonthlyreturn.com.
However, two of the worst three Mays in Bitcoin’s history have come in the last two years.
In May 2021, Bitcoin shed a stunning 35.38% of its value.
In May 2022...
Bitcoin Daily Transactions Surge to Record Highs, But These Alternative Metrics Bode Less Well for BTC Price
2.5.2023
The number of transactions taking place on the Bitcoin network hit a record high of 682,099 on Monday, according to data presented by crypto analytics firm Glassnode.
A surge in the last few days has seen the number of Bitcoin transactions fly past its prior record high of around 425,000 printed...
El Salvador’s Bitcoin City Has Not Been Shelved, Say Bukele-linked Bitcoiners
2.5.2023
An El Salvador government-linked organization has rubbished claims that the nation’s ambitious plans to build a haven for bitcoiners have been shelved.
Late last month, a number of Twitter-based individuals claimed that they had come across documentary evidence that the Ministry of Public Works...
Lightning Labs Unveils Upgrade to Boost Bitcoin Accessibility for Billions of People – Here's How it Works
30.4.2023
Bitcoin infrastructure firm Lightning Labs has released an update to Litd, its node management tool, in order to make it easier for people to use the Lightning Network.
The new update adds automated fee management, custodial accounts, finer-grained LNC permissions, and the Pool Order Board...
Bitcoin (BTC) Price Pauses Below $30K, Here is Where it Could Be Headed Next
29.4.2023
The Bitcoin (BTC) price is largely unchanged in the mid-$29,000s on Friday.
The cryptocurrency found decent support earlier in the session when it briefly fell to test the $29,000 level and 21-Day Moving Average just above it.
But the Bitcoin bulls seem to be taking a breather ahead of...
Russian Bitcoin Wallets Unmasked by Anonymous Hacker – Here's What Happened
28.4.2023
Bitcoin wallet addresses controlled by Russian security services have been revealed by an unknown person or group, according to blockchain intelligence firm Chainalysis.
In a now-deleted tweet originally posted on Thursday, Chainalysis said that close to 1,000 Bitcoin addresses claimed to belong...
Bitcoin eyes for a brighter future amid $310 million liquidation loss
28.4.2023
The crypto market just witnessed a loss worth $310 million in liquidation. Despite that amount going down the drain, the community is riding the bull for the members to know that Bitcoin is not going anywhere. It has affected BTC for sure; however, the digital asset has seen worse than that....
Largest Bitcoin Fraud Scheme Results in $3.4B Penalty in a Case Brought by CFTC
28.4.2023
A judge has ordered a record-breaking $3.4 billion penalty in a fraud case involving Bitcoin brought by the US Commodity Futures Trading Commission.
In a Thursday press release, the CFTC revealed that Cornelius Johannes Steynberg, a South African national and CEO of Mirror Trading International...
Bitcoin Bulls Prepare for a BTC Price Blowout Above $30K
27.4.2023
At current levels in the mid-$29,000s, the Bitcoin (BTC) price is up over 6.0% in the last 24 hours according to CoinGecko.
Indeed, while still down around 4.5% versus the 10-month highs it hit earlier this month above $31,000, Bitcoin has now rebounded close to 10% since testing its 50-Day Moving...
Leverage is Declining the Bitcoin Market – Here’s Why That is Bullish For the BTC Price
27.4.2023
A measure of leverage in the Bitcoin market just fell to its lowest since late 2021, a sign that volatility inducing speculators are increasingly being washed out of the market, meaning that the world’s largest cryptocurrency by market capitalization may be in for calmer waters ahead.
Crypto...
Apple Will Remove The Bitcoin Whitepaper From Macbooks in The Next Update – Here's Why
27.4.2023
A recent report revealed that Apple has removed the Bitcoin whitepaper from the latest Macbook, macOS Ventura 13.4 beta 3.
Notably, every copy of macOS had the Bitcoin whitepaper in its internal files for the past five years.
However, users discovered the file was gone in the latest version...
Apple likely to remove Bitcoin White Paper in macOS update
27.4.2023
The mysterious Satoshi Nakamoto drafted the Bitcoin White Paper. It laid down the working mechanism of the digital token to act as a currency. The document never made it to the public following the surprised disappearance of Satoshi from the internet until it was later found in the Apple Computers...
Wild Bitcoin Price Swings Trigger $150 Million in Liquidations in BTC Futures Market – Here Are the Key Themes Driving the Market Right Now
27.4.2023
The Bitcoin (BTC) price swung wildly on Wednesday.
At one point when the world’s largest cryptocurrency by market capitalization hit session highs early in the day at just above $30,000, BTC was up over 6% on the day.
At session lows later in the day in the $27,200s, the BTC price was as much...
Cathie Wood's ARK Invest Buys $8.7 Million in Coinbase Stock, Files Third Bitcoin ETF Application Amid SEC Lawsuit
26.4.2023
Technology investor Cathie Wood’s fund ARK Invest has bought Coinbase stocks for $8.7 million, while filing yet another application to list a bitcoin-backed exchange-traded fund (ETF).
ARK’s latest purchase of Coinbase stock was made through the ARK Innovation ETF, ARK Next Generation Internet...
Ex-Reps Tim Ryan & David McIntosh lead the Bitcoin Policy Group
26.4.2023
Ohio’s and Indiana’s former reps, Tim Ryan and David McIntosh, head back to Washington to initiate discussions on the advantages of Bitcoin. They will chair BPI Action, an excellent effort involving the Bitcoin Policy Institute to educate the public and policymakers about the social and economic...
Bitcoin Hits All-Time-High (in Argentinian Pesos!) – Will Inflation Spark BTC Adoption?
26.4.2023
Bitcoin (BTC) has hit an all-time price high in Argentinian pesos – a fact that appears to say more about the struggling fiat than the popular cryptoasset.
The peso (ARS) has been dogged by spiraling inflation in recent years.
This has intensified in recent months, with inflation now topping...
Bitcoin Bounces Sharply From 50DMA, Reclaims $28K – BTC Bulls Eye Retest of These Key Upside Levels
26.4.2023
The Bitcoin (BTC) price has shrugged off concerns about sudden movements in long-term dormant wallets, as well as ongoing regulatory uncertainty with Coinbase now suing the US SEC for a lack of clarity on crypto rules, and posted a strong rebound back to the north of the $28,000 level for the first...
El Salvador Begins Bitcoin & Lightning Dev Courses – Who Are the ‘Rock Star’ Teachers?
25.4.2023
El Salvador’s government has announced that it has begun training Bitcoin (BTC) and Lightning Network developers as state-backed courses get underway.
In a tweet, the National Bitcoin Office (ONBTC), a government body that answers to El Salvador President Nayib Bukele, explained that 54 students...