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Bitcoin may behave more like US Treasury bonds: Bloomberg Intelligence
4.8.2022
Bitcoin markets will behave more like that of Treasury bonds and gold during market recovery, said the analysts
Bitcoin and Ethereum Look for Direction, BNB Accelerates
4.8.2022
Bitcoin price climbed higher and broke the USD 23,200 level, but struggled to clear the USD 23,500 resistance and corrected lower. BTC is currently (03:52 UTC) trading just below USD 23,100 and is up almost 1% in a day and a week.
Similarly, most major altcoins are eyeing more upsides. ETH climbed...
South Korean Banks May Be in Trouble as Regulator Probes Kimchi Premium Bitcoin ‘Irregularities’
4.8.2022
South Korean banks could find themselves in the firing line after the government, media outlets, and regulators stepped up the scrutiny of the banks' role in enabling kimchi premium traders to make fast money when trading volumes rise....
Read More: South Korean Banks May Be in Trouble as Regulator...
Microstrategy Outperforms Every Asset Class and Big Tech Stock Since Adopting Bitcoin Strategy, Says CEO
4.8.2022
Microstrategy (MSTR) has “outperformed every asset class and big tech stock” since the company adopted a bitcoin strategy and started accumulating the cryptocurrency in its corporate treasury, says CEO Michael Saylor. The pro-bitcoin executive will be stepping down as the CEO...
Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product
3.8.2022
On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages...
Professor Warns SEC That Its Move Against Coinbase Is a ‘Serious Mistake’
3.8.2022
A former advisor to the United States Securities and Exchange Commission (SEC) has warned that the agency would be making a “serious mistake” if it proceeds with a probe into Coinbase and other major crypto exchanges.
As reported, the SEC is reportedly set to move ahead with an investigation into...
MicroStrategy stock MSTR hits 3-month high after CEO's exit
3.8.2022
Poor earnings coupled with overvalued fundamental metrics pose long-term bearish risks for MSTR
Riot Blockchain's Bitcoin mining productivity dropped 28% YOY amid record Texas heat
3.8.2022
"The company voluntarily curtailed its energy consumption in order to ensure that more power would be available in Texas,” said Riot CEO Jason Les
The Fed Is ‘Resolute’ on Hiking Interest Rates, Tightening Monetary Policy to Tame Inflation — Gold and Stocks Sink
3.8.2022
Several reports detail that U.S. Federal Reserve officials are resolute on tightening monetary policy and increasing the federal funds rate until inflation in America is alleviated. Chicago Fed president Charles Evans explained on Tuesday that the central bank would likely keep up the larger than...
Bitcoin price battles $23.5K resistance amid relief over Pelosi Taiwan trip
3.8.2022
A lack of immediate retaliation from China emboldens U.S. stocks as new research concludes that the market is becoming increasingly "risk-on."
Price analysis 8/3: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
3.8.2022
Bitcoin and most major altcoins are witnessing buying near strong support levels, indicating a bullish sentiment
The US Gets Another Crypto Regulation Idea, USD 9M Returned to Nomad, Zipmex 'Stabilizes' + More News
3.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: The US Gets Another Crypto Regulation Idea, USD 9M Returned to Nomad, Zipmex 'Stabilizes' + More News
Beyond the headlines: The real adoption of Bitcoin salaries
3.8.2022
Bitcoin wages are becoming more common globally, particularly among “borderless” remote workers and in certain regions like Latin America
Despite Crypto Downturn, Developers Continue Contributing to Web3 Communities
3.8.2022
Blockchain developers have maintained their contributions to Web3 communities despite the latest market downturn, with Ethereum (ETH) leading the way as the strongest and largest community, according to a recent report by VC investment firm Telstra Ventures.
Per the report, blockchains developers’...
Borrowing to buy Bitcoin: Is it ever worth the risk?
3.8.2022
Borrowing to buy crypto has often been advocated for by various influencers, but the consequences may be dire
Bitcoin miners now hold a record 1.856M BTC — new data
3.8.2022
Miners go from sellers to hodlers again as the worst of June's capitulation phase seems to pass
Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound as Global Markets React to Pelosi’s Visit to Taiwan
3.8.2022
Bitcoin and ethereum were both trading higher on Wednesday, as global financial markets reacted to the tensions caused by U.S. House Speaker Pelosi’s visit to Taiwan. The price of gold dropped by nearly $40 late on Tuesday, after securing a one-month high, while the S&P 500 also faced...
Inflation punishes the prudent while Bitcoin gives future hope — Jordan Peterson
3.8.2022
Author and psychologist Jordan Peterson said that hyperinflation hurts those who are the pillars of society
MicroStrategy’s Saylor Says Stepping Down as CEO Will Let Him Focus More on Bitcoin
3.8.2022
The bitcoin (BTC)-keen American software firm MicroStrategy could pivot even further toward BTC – despite the announcement that its co-founder Michael Saylor will step down as CEO on August 8....
Read More: MicroStrategy’s Saylor Says Stepping Down as CEO Will Let Him Focus More on Bitcoin
Bitcoin and Ethereum Hold Support, ETC Accelerates Again
3.8.2022
Bitcoin price traded close to the key USD 22,500 support zone before moving higher again. BTC is currently (04:12 UTC) consolidating near USD 22,900 and is unchanged in a day and up almost 8% in a week.
Similarly, most major altcoins are holding key support levels. ETH stayed above USD 1,550...