Tag: bitcoin (btc) news

Aug 14 2022

Youtube Crypto Influencer BitBoy Crypto Warns That He Is Planning Something That “Will Permanently Change Crypto”

TL;DR Ben Armstrong, also known as BitBoy Crypto warns his followers that he is planning something which will change the crypto industry forever. BitBoy Crypto is a Youtube influencer that has more than 1.5 million followers on his YouTube account. The controversial but well-known youtube crypto influencer Ben Armstrong, also known as BitBoy Crypto by his Youtube community, posted a tweet yesterday saying...

Aug 13 2022

Michael Saylor “I’d Rather Win in Volatile Fashion Than Lose Slowly, Sell your Gold”

Microstrategy's Former CEO Michael Saylor pointed out in a recent interview for Stansberry Research that he would rather win in a volatile fashion than lose slowly. Saylor continues to say that the volatility will only impact short-term investors and public companies. Bitcoin has outperformed every single company on the stock market in a longer timeframe. MicroStrategy's Former CEO and well-known Bitcoin advocate Michael...

Aug 11 2022

Aug 10 2022

Bitcoin Breaks Above $24,000 As U.S. Inflation Dip To 8.5%

Summary: U.S. Inflation numbers were released on Wednesday, triggering a move in the price of crypto assets. Consumer Price Index data stood at 8.5% for July 2022. The numbers fell from the 9.1% level reported in June. It's also the first time U.S. Inflation numbers have dipped since April 2022. Cryptos like Bitcoin and Ethereum reacted to the news positively with pumps. Technical...

Bitcoin Breaks Above $24,000 As U.S. Inflation Dips To 8.5%

Summary: U.S. Inflation numbers were released on Wednesday, triggering a move in the price of crypto assets. Consumer Price Index data stood at 8.5% for July 2022. The numbers fell from the 9.1% level reported in June. It's also the first time U.S. Inflation numbers have dipped since April 2022. Cryptos like Bitcoin and Ethereum reacted to the news positively with pumps. Technical...

Aug 06 2022

Bitcoin and Ethereum”Incredibly Oversold” States Bloomberg Analyst: Forbes

TLDR: Bloomberg Intelligence senior commodity strategist Mike McGlone stated that Bitcoin trades at a substantial discount. McGlone highlights several observations when making his case, such as technical analysis focusing on key indicators such as the 100-week moving average. McGlone stressed the Federal Reserve's critical role in the price of equities and cryptocurrencies. Bitcoin is currently trading at $23,203.64, according to CoinGecko, a %66.4...

Jul 30 2022

Elon Musk Fires Back At Twitter with a Counter Lawsuit

Summary: Elon Musk has filed a countersuit against Twitter over the now uncertain $44 billion deal. The lawsuit was filed late Friday, July 29th, a few hours after a Judge set October 17th as the beginning of Twitter's case against him. Tesla's CEO and SpaceX founder, Elon Musk, has counter-sued Twitter amidst the ongoing court battle that the social media company lodged to...

Jul 29 2022

CoinFLEX Lays Off a Significant Portion of its Team to Reduce Costs by 50 – 60%

Summary: The CoinFLEX team has announced that it has laid off a significant portion of its team to cut operational costs by 50 to 60%. CoinFLEX has also made cuts in non-staff costs. The team explained that the cost-cutting was meant to transform the exchange into a leaner business. The CoinFLEXCoinFLEX Resumes Crypto Trading With Limited Withdrawals of Up to 10% of User...

Jul 28 2022

Bitcoin And Ethereum Pump Above 10% Despite Negative U.S. GDP Report

Summary: Leading cryptocurrency Bitcoin traded higher than $23K on Thursday. The top coin enjoyed a slight rally following Wednesday's FOMC meeting. America's Q2 GDP report was also released with the figure at -0.9%. The number signaled a recession per technical definition although authorities opined differently. Crypto coin prices flashed green regardless of the news with market leaders Bitcoin and Ethereum both in double-digit...

Jul 26 2022

KuCoin Will Launch a New Fund to Fight FUD, Says CEO

Summary: KuCoin CEO, Johnny Lyu, has announced that the exchange will launch an anti-FUD fund. The fund will focus on educating the global community on how to spot FUD. The focus will also be on motivating industry leaders and influencers to provide trusted information. The anti-FUD fund will be used to trace FUDers and take legal actions against them. KuCoin will soon launch...

Bitcoin’s ‘Kimchi Premium’ Under Scrutiny by S. Korean Authorities in Connection With Illegal Remittances

Summary: South Korean authorities have launched a probe into the Bitcoin 'Kimchi Premium.' The investigations cite that the Kimchi Premium was used to make profits that were transferred abroad through illegal remittances. Authorities in South Korea have launched investigations into the famous Bitcoin 'Kimchi' premium. According to local reports, the Seoul Central District Prosecutor's Office has launched a new probe into the Kimchi...

Jul 25 2022

Jul 22 2022

Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

Summary: Arthur Hayes has forecasted that Bitcoin's most recent low, around $18k, could constitute a bottom. According to his analysis, a classic bottom is usually tested before a bull market begins, and $18k is no different. He sees the rally from $18k levels to $24k as a potential 'short covering.' He anticipates a proper Bitcoin bottom before the US Fed or Treasury announces...

Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

Summary: Twitter has posted a $270 million quarterly loss in its first earnings report since Elon Musk expressed interest in buying the company. Twitter cites a weak ad market and Elon Musk's one-eighty-degree turn on the $44 billion acquisition deal as the main reasons for the negative earnings. Social media behemoth Twitter posted a lower-than-expected quarterly earnings report early Friday. Twitter Blames a...

Jul 21 2022

Former Coinbase Employee Charged With Insider Trading for Tipping Off Brother and Friend on New Crypto Listings

Summary: The US Attorney's Office of the Southern District of New York has charged a former Coinbase employee with insider trading. The Coinbase employee allegedly tipped off his brother and friend on new crypto listings on Coinbase's exchanges. He is being charged alongside his brother and friend. A former Coinbase employee is being charged in what might be the first case of insider...

Jul 20 2022

Coinbase Distances Itself from Three Arrows Capital, Celsius, and Voyager, Says it Has no Exposure

Summary: Coinbase has stated that it has no financial exposure to Three Arrows Capital, Celsius Network, Voyager Digital, or any crypto company that has collapsed in the last few months. Coinbase points out that these crypto firms' issues were 'foreseeable' as they were overleveraged. The crypto exchange has pointed out that it 'stress tests its exposures' through Monte Carlo Simulations. The San-Francisco-based crypto...

Bitcoin Could Gain Another 18% After Breaking $24k – BTC Analyst.

Summary: Bitcoin has broken above the 50-day moving average with its push above $24k. BTC could rally another 18% before reaching the next level of significant resistance, around $28k. Capitulation by Bitcoin investors and miners could also be slowing down. Bitcoin has had an eventful first few days of the week, having punched through the $22k resistance level early Monday and breaking the...

Jul 19 2022

Bitcoin May See Another 5 – 6 Months of Downward or Sideways Price Movement – Grayscale Report.

In brief: The team at Grayscale has forecasted that Bitcoin could see another five to six months of downward or sideways price movement. The Grayscale team cites the traditional 4-year Bitcoin and crypto cycle as their basis for the conclusion. The team also highlighted an increase in the number of wallets holding 0.001 - 0.01 BTC, 0.01 - 0.1 BTC, and 0.1 -...

$500,000 Bitcoin Still Possible By 2027 – Mike Novogratz

Summary: Bitcoin proponent Mike Novogratz reaffirmed his infamous "$500K in 5 years" prediction during the Bloomberg Crypto Summit. Novogratz made similar remarks back in March a few weeks before the markets tanked. Since his March comments, Bitcoin has fallen below $20,000 and bounced back above the same level. The leading cryptocurrency is in a rally of sorts at press time. Other crypto pumps...

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