Tag: bitcoin (btc)

Nov 21 2022

Coinbase Custody confirmed Grayscale product breakdown, wallet addresses remain undisclosed as GBTC discount reached 50%

Summary: Grayscale’s digital asset product attention was backed up by Coinbase’s custodial division. However, the crypto exchange did not release the associated wallet addresses for each product. The crypto community wallet addresses of the Bitcoin trust and other products after Genesis disclosed FTX exposure. Coinbase Custody backed up a product breakdown published by Grayscale over the weekend amid questions from users about the...

Bitcoin’s dip to $16,000 threw 50% of BTC wallets into losses

Summary: Some 50% of Bitcoin holders are at a loss amid sagged crypto prices. “out-of-money” Bitcoin addresses made up over half of all holders for the first time since March 2020, IntoTheBlock data showed. The analysis highlighted that around 24 million wallets bought BTC cheaper than Monday’s $16,050 market price. Bitcoin balances on over 24.7 million digital wallets were in loss positions on...

Nov 07 2022

Silk Road Saga: US Authorities Seize $3.36 Billion In Bitcoin From James Zhong

Summary: U.S. prosecutors seized over 50,000 Bitcoin (BTC) from a defendant in connection to the Silk Road, a dark web marketplace created by Ross William Ulbricht in 2011. Monday’s official statement from the U.S. Justice Department said authorities discovered around 50,676 BTC on November 9, 2021, after searching the Georgia residence of James Zhong. Crypto’s leading digital token BTC set a new $68,000...

Nov 02 2022

Deribit Hot Wallet Hacked For $28 Million In Bitcoin And Ether

Deribit said $28 million in Bitcoin and Ether was stolen from its hot wallet late on Tuesday.

Oct 27 2022

Cardano (ADA) Adds $1 Billion To Market Cap In Latest Bear Market Rally

Summary: Over $1 billion flowed into the Cardano ecosystem in a single day as crypto prices experienced gains. ADA's market cap crossed $14 billion during this week's rally, ranking the crypto eighth among digital tokens and blockchain networks. Cardano's token is also up 15% on the weekly chart per data from CoinMarketCap while ADA is up almost 2% at press time according to...

Oct 26 2022

BREAKING: BitMex Trading Engine Experiences Downtime, Bitcoin Below $21,000

Summary: Crypto exchange BitMex alerted users to an unscheduled trading engine downtime on Wednesday. The platform said trading facilities were suspended due to technical issues and assured users that all funds and assets are safe. Today's downtime comes amid a rally in crypto prices and massive short liquidation events across Bitcoin, Ether, and other virtual currencies. On Wednesday, cryptocurrency exchange Bitmex informed users...

Oct 19 2022

MicroStrategy’s Financial Health At Risk After Enormous $3.4 Billion Bitcoin Bet: Fortune Report

Under Michael Saylor, MicroStrategy accumulated 130,00 Bitcoins and now the company's financial health depends on this $3.4 billion gamble.

Oct 17 2022

Mastercard To Power Crypto Trading Via Banks By 2023 With Paxos Deal: CNBC

Summary: Payments giant Mastercard plans to bring cryptocurrency trading to traditional finance customers via their banks. The company announced a pilot program on Monday, per CNBC's report. Mastercard will offer its services as a bridge between banks and Paxos, a crypto broker tapped by PayPal. Chief digital officer Jorn Lambert opined that crypto should embrace the financial industry if digital assets hope to...

Oct 14 2022

Bitcoin Broker NYDIG Says Balance Sheet Is Strong Despite 33% Staff Cut: WSJ

NYDIG plans to aggressively invest during the ongoing bear market. The company said recent changes in leadership and lay offs are all part of the plan to increase revenue.

Oct 12 2022

Grayscale Sues SEC Over $12 Billion Bitcoin Trust-ETF Decision

Summary: The opening brief by Grayscale in a lawsuit against the U.S. Securities and Exchange Commission called the regulator's decision “capricious” and “discriminatory”. Gary Gensler's federal agency rejected the digital asset manager's application to convert its $12 billion Bitcoin spot trust into a Bitcoin exchange-traded fund. The switch in fund structure could help stem the rising GBTC discount, returning the fund's BTC offering...

Oct 08 2022

Pro-Bitcoin Governor Candidate In Georgia To Reach Big Milestone

The US midterm elections are fast approaching. Everything from the economy to the Russia-Ukraine war is on the agenda. However, in the gubernatorial race in Georgia, Bitcoin is on the agenda as well. Libertarian candidate Shane Hazel, a pro-Bitcoin leader, is contending for the top spot in Georgia. He is... Read more

Former Treasury Secretary Wants The Bitcoin Value To Drop

The largest cryptocurrency, Bitcoin, is stuck in the $19k-$20k range. The macroeconomic market is dictating the value of Bitcoin. Unfavorable market sentiment is making the Bitcoin price movement sluggish. The Federal Reserve is continuing its hawkish stance to curb inflation levels in the country. However, risks to global financial stability... Read more

Oct 07 2022

Where Is Bitcoin (BTC) Delta Price Level In Current Market Cycle?

Oct 07 2022 Published at Coingape under tags  bitcoin (btc) bitcoin price prediction news

In the midst of frequent fluctuations in Bitcoin price, the current market cycle is yet to reach its delta range. In the recent weeks, Bitcoin price has one multiple occasions crisscrossed the $20,000 range. The $20,000 level is an important factor in the psychological point of view. In this context,... Read more

Oct 06 2022

Which Way Is Bitcoin (BTC) Going In Short Term Before A Bull Run?

Oct 06 2022 Published at Coingape under tags  bitcoin (btc) bitcoin price prediction news

Perhaps the crypto community has historically not hoped for a Bitcoin bull run more badly than in the current cycle. In the space of just four weeks, Bitcoin (BTC) price rose above the important milestone of $20,000 on four occasions. This psychological factor brings with it the hope for potential... Read more

Oct 05 2022

Terraform CEO Do Kwon Debunks $39.6 Million Crypto Freeze

Summary: Terra chief Do Kwon says he doesn’t trade crypto and none of his funds were frozen by South Korean prosecutors. Authorities confiscated some of Kwon’s crypto holdings worth $39.6 million, CoinDesk reported on Wednesday citing local Korean media. Previous reports also claimed that investigators froze 3,313 Bitcoin on KuCoin and OKX. Kwon is a wanted individual after Interpol issued a red notice...

Oct 03 2022

Bitcoin Price To Register Relief Rally Ahead? Here’s What Experts Hint

Oct 03 2022 Published at Coingape under tags  bitcoin (btc) bitcoin news bitcoin price news

Bitcoin, the world’s largest cryptocurrency is trading under huge selling pressure. However, this recent decline in the BTC price is suggested due to the increased correlation between the digital assets market and traditional markets. Bitcoin price has dropped by around 4% over the past 30 days due to mixed sentiments... Read more

Oct 01 2022

Bitcoin Price Should Escape Uncertainty With This Resistance Breakout

The short-term trend for Bitcoin price is sideways, where it wobbles between the $24500-$18350 barrier. During the consolidation, the coin price has repeatedly retested the bottom support, validating it as a strong accumulation zone. Amid the recent sell-off in September, the BTC price dropped to the $18350 mark, trying to... Read more

Sep 29 2022

CFTC Chair Believes Bitcoin Will Grow Massively Under CFTC

Sep 29 2022 Published at Coingape under tags  bitcoin (btc) news regulation news u.s. cftc

Rostin Behnam, chairman of the Commodity Futures Trading Commission (CFTC) thinks Bitcoin could grow massively, with its current price doubling down, if the asset is under the regulation of the CFTC. Behnam's remarks come at a time when the United States is still trying to properly regulate cryptocurrencies. Bitcoin could... Read more

Sep 28 2022

Binance Data Shows Reason Behind Huge Bitcoin (BTC) Activity

Sep 28 2022 Published at Coingape under tags  binance bitcoin (btc) news

A close look at Binance Bitcoin (BTC) transaction activity would indicate why there have been huge trading volumes recently. BTC saw huge fluctuations in the last one week, with a gap of around $2,000 between weekly high and low level. Despite the huge volatility, the top cryptocurrency witnessed the highest... Read more

Bitcoin Outperformed These Assets Amid Mounting Correlations

The Global cryptocurrency market is trading under huge selling pressure over the past few months. However, Bitcoin, the world’s largest crypto has outperformed major traditional market assets. Bitcoin prices down by 4.5% in last 30 days According to a report by Arcane Research, Bitcoin has managed to surge by 0.8%... Read more

Know a good blog/source that is not listed? Contact us or fill the form below to add one: