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2 years, 1 month ago
Bitcoin Supply on Exchanges Drops to 6-Year Low, Bulls Push Price Towards $26K
Bitcoin’s supply on exchanges has dropped to its lowest level in nearly 6 years, according to leading in-chain metrics platform Santiment. The current supply of Bitcoin on exchanges is now at just 5.8%, and whale t…
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2 years, 1 month agoChinese Stock Market Turmoil: Impact on Bitcoin and US Dollar
The Chinese stock market has been struggling recently, leading to concerns about its impact on global economic growth. Industrial output and the flow of credit in the region are weakening, and the Chinese…
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2 years, 1 month agoCourt of Appeals Challenges SEC Authority Over Crypto Assets
The U.S. Court of Appeals has recently made a decision that the SEC is not the ultimate arbiter of crypto. This means that the SEC does not have the final say in the matter, and that the U.S. court system and…
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2 years, 1 month agoCryptoQuant Finds Evidence of Institutional Accumulation of Bitcoin
CryptoQuant, an on-chain data analytics provider, has recently explored the changes to Bitcoin (BTC) over the last year. According to their findings, the BTC reserves on non-US-based exchanges have increased while…
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2 years, 1 month agoUS Court of Appeals Backs Grayscale in SEC Dispute, Bitcoin Price Jumps 7%
The United States Court of Appeals for the District of Columbia Circuit (DC Circuit) has ruled in favor of Grayscale in its dispute with the SEC over its Bitcoin ETF proposal. The SEC had previously denied…
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2 years, 1 month agoWall Street Memes Presale Nears Completion: $25 Million Raised and $50,000 Airdrop Event
Wall Street Memes (WSM) is a meme-based cryptocurrency project that is nearing the completion of its presale phase. The presale has already raised an impressive $25 million, with tokens priced at $0.0337 per token.…
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2 years, 1 month agoElon Musk Interacts with Wall Street Memes on Multiple Occasions
Shares Bot, a Telegram-bot crypto, has seen a rapid climb on the price charts and has increased by 248% in the last 13 hours. This increase is paired with a high RSI, edging above the oversold zone, and a positive…
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2 years, 1 month agoInvestors Reduce Short Bitcoin Positions Despite Negative Sentiment
Investors have continued to reduce their short positions on Bitcoin, despite the current negative sentiment. This is a sign that investors are still confident in the cryptocurrency, despite the current market…
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2 years, 1 month agoSEC Requests Court to Allow Filing of Documents Under Seal in Binance Case
The U.S. Securities and Exchange Commission (SEC) has requested a federal judge to allow documents to be filed under seal in its civil case against Binance, Binance.US, and Binance CEO Changpeng Zhao (CZ).…
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2 years, 1 month agoBitcoin Price Nears Two-Week Highs as Grayscale Wins Lawsuit Against SEC
Bitcoin (BTC) neared two-week highs on Aug. 29 as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators. The ruling by the United States Court of Appeals for the District…
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2 years, 1 month agoGrayscale Wins Court Battle Against SEC, Crypto Market Soars
A US court has sided with Grayscale in its battle against the SEC, causing Bitcoin and the rest of the crypto market to surge. This volatility caused massive losses for over-leveraged traders, with liquidated short…
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2 years, 1 month agoCourt Rules SEC Must Review Grayscale's Spot Bitcoin ETF Application
A U.S. federal appeals court has granted Grayscale Investments’ petition for review in its lawsuit against the Securities and Exchange Commission (SEC) regarding its spot Bitcoin ETF application. The court ruled t…
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2 years, 1 month agoBacked Integrates BNB Smart Chain into Token Issuance Framework
Backed, a Zurich-based company, has announced its integration of the BNB Smart Chain (BSC) into its token issuance framework. This framework enables the tokenization of off-chain assets such as treasury-based ETFs…
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2 years, 1 month agoBlur Token Price Plummets 85% Amid Negative Market Catalysts
Blur, the NFT market’s new darling, has seen its native token, BLUR, fail to capture the bulls’ imagination. The token has dropped 85% from its record high of $1.40 in February 2023, and may decline further in the…
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2 years, 1 month agoBitcoin Mining Difficulty Hits All-Time High as BTC Price Hovers Around $26K
Bitcoin’s mining difficulty has reached a new peak as the cryptocurrency hovers around the $26,000 price level. According to the latest edition of the weekly report from crypto exchange Bitfinex, the mining d…
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2 years, 1 month agoBitcoin Price Support Zone Offers Rare Buying Opportunity: Analysis
Bitcoin (BTC) is currently trading around $26,060, offering investors a rare chance to buy at a support zone with a “100% long hit rate,” according to crypto asset manager Capriole Investments. The firm sug…
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2 years, 1 month agoCanaan Inc. Reports 33.7% Increase in Mining Revenue for Q2 2023
Canaan Inc. (NASDAQ: CAN), one of the leading Bitcoin mining companies, has reported its unaudited financial results for Q2, 2023. The company saw its total revenue rise to $73.9 million, a 33.7% increase compared…
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2 years, 1 month agoCanaan Records Historic High Mining Revenue Despite Operating at a Loss
Canaan, a Bitcoin (BTC) miner, reported a loss in its second-quarter financial report despite increasing mining revenue and computing power. The miner generated a total revenue of $73.9 million, while its “cost o…
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2 years, 1 month agoUnveiling the Potential of Hedera in Blockchain and FedNow
The Hedera blockchain network is a decentralized, open-source public ledger that is revolutionizing the blockchain industry. It utilizes the hashgraph consensus algorithm to solve key issues facing blockchain…
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2 years, 1 month agoBinance Excludes Banco de Venezuela from P2P Payment Methods
Binance, the world’s largest cryptocurrency exchange, has removed Banco de Venezuela (BDV) from its list of accepted P2P trading payment methods. This exclusion has caused a stir among Venezuelan digital currency e…
