Browsing:Bitcoin

Binance US crypto exchange has resolved a technical issue that temporarily suspended BCH withdrawals on its platform.
10 months ago 1 min read

Binance US Resolves Bitcoin Cash (BCH) Withdrawal Issue And Addresses FUD

Binance US, the American arm of the leading cryptocurrency exchange Binance, has resolved a technical issue that temporarily suspended BCH withdrawals on its platform. The exchange assured users that their assets were safe and secure throughout the process and that the issue was not related to any liquidity problems. Technical Issue Resolved The technical issue that affected BCH withdrawals on Binance US was related to the platform’s deposit transfer system. This system automatically transfers funds from customers’ individual deposit wallets to the platform’s hot and cold wallets for enhanced security. However, the technical glitch prevented BCH deposits from being transferred

Bitcoin Retreats Below $31K Following Promising Late Monday Rally
10 months ago 1 min read

Bitcoin Retreats Below $31K Following a Late Monday Surge

Bitcoin experienced a short-lived return to its recent high above $31,000 on Monday before dipping slightly below that threshold. The cryptocurrency saw a nearly 2% increase over the past 48 hours, as investors regained enthusiasm following spot bitcoin ETF filings by financial giants like BlackRock. Despite recent volatility driven by inflation concerns, positive events in the crypto industry have helped buoy Bitcoin’s price. Spot ETF Filings and Regulatory News The recent surge in Bitcoin’s price can be attributed to a number of factors, including the spot Bitcoin ETF filings that took place in June. These filings were seen as a

Standard Chartered Bank Sets Bullish Price Target of $50,000 for Bitcoin by the Close of 2023
10 months ago 1 min read

Standard Chartered Bank Predicts Bitcoin to Hit $50,000 by End of 2023, $120,000 by 2024

Leading financial institution Standard Chartered has made a bold prediction for Bitcoin’s price, forecasting that the cryptocurrency could surge to $50,000 by the end of this year and reach an impressive $120,000 by the conclusion of 2024. The bank’s FX analyst, Geoff Kendrick, suggests that there is a 20% potential upward movement from their initial prediction of $100,000 for Bitcoin’s value by 2024. Standard Chartered’s optimistic projection has the potential to stimulate Bitcoin miners, driving increased accumulation of the cryptocurrency’s supply. The growing institutional interest in Bitcoin is evident, as investment giant BlackRock recently filed an application for a Bitcoin

Bitcoin mining company Marathon Digital reported a 21% decrease in Bitcoin mined in June
10 months ago 1 min read

Bitcoin Mining Company Reports 21% Drop in June Revenues

Bitcoin mining company Marathon Digital reported a 21% decrease in Bitcoin mined in June, citing harsh weather conditions in Texas and a significant fall in transaction fees as contributing factors. The company’s main operations in Texas produced 979 Bitcoin, a notable decline compared to the previous month due to the transition from spring to summer. National Weather Service data revealed a substantial increase in temperature in Texas during June, which has historically disrupted crypto mining operations in the state. The impact of weather conditions on mining operations was evident earlier this year when Riot Platforms experienced a temporary halt in

Bitcoin Whales Make a Splash with 71,000 BTC Purchase in Recent Buying Spree
10 months ago 2 mins read

Whale Alert: Bitcoin Whales Acquire 71,000 BTC in Recent Accumulation Spree

Bitcoin’s largest holders, known as sharks and whales, have been actively accumulating more BTC despite the recent sideways trading and stagnant price action. According to on-chain analytics firm Santiment, these high-net-worth addresses holding 10 to 10,000 BTC have added a substantial 71,000 BTC to their portfolios in the past three weeks. This accumulation, worth approximately $2.15 billion, indicates a strong bullish sentiment among Bitcoin’s major players. Santiment Data Shows Whale Accumulation Santiment’s data shows that the accumulation of 71,000 BTC by these large addresses demonstrates their continued confidence in the long-term prospects of the leading cryptocurrency. The accumulation trend has

Investigation Launched as $160 Million Bitcoin Transfer Raises Suspicion around Luna Foundation Guard
11 months ago 1 min read

Questions Arise as $160 Million Worth of Bitcoin Transferred, Luna Foundation Guard Investigated

In a recent development, an unknown entity has executed a significant Bitcoin transfer, worth over $160 million, from a wallet connected to the Luna Foundation Guard (LFG). This organization is associated with Terraform Labs and its co-founder, Do Kwon. The transfer has raised questions and intensified ongoing investigations surrounding Terra and its affiliated entities. On July 3, the unidentified party moved 5,292 Bitcoin (BTC), equivalent to approximately $30,719 per coin, from an LFG address to a wallet that does not appear to be linked to Terra. This transfer is part of a series of movements of crypto assets from LFG-controlled

Bitcoin (BTC) experienced a decline below the $30k
11 months ago 2 mins read

Bitcoin Dips Below $30K Amidst Strengthening Fed Rate Hike Speculations Triggered by Blowout ADP Report

Bitcoin (BTC) experienced a decline below the $30,000 mark following the release of a strong U.S. ADP private employment report. The report revealed a surprising addition of 497,000 private-sector jobs in June, surpassing the consensus forecast by a significant margin. As a result, market sentiments shifted towards expectations of a potential rate hike by the Federal Reserve, leading to an increase in Treasury yields. This article explores the impact of the ADP report on Bitcoin’s price and the growing speculations of a Fed rate hike. The ADP report exceeded expectations by showcasing robust growth in the private sector job market.

Anthony Pompliano shared his optimistic outlook on the approval of Bitcoin spot ETFs by the U.S. SEC.
11 months ago 1 min read

SEC’s Approval of Bitcoin Spot ETFs is Inevitable, Says Anthony Pompliano

Venture capitalist, investor, and Bitcoin advocate Anthony Pompliano recently shared his optimistic outlook on the approval of Bitcoin spot exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). In a conversation with CNBC’s Squawk Box, Pompliano discussed the SEC’s recent remarks labeling certain ETF filings as “inadequate” and shed light on the regulator’s expectations for clarity regarding custodians and surveillance-sharing agreements. While unable to predict the exact timing, Pompliano believes that the spot Bitcoin ETF will eventually gain approval, particularly for players like BlackRock, a significant presence in the financial markets. Pompliano emphasized that the SEC’s concerns about

BlackRock CEO Larry Fink recently made significant remarks about Bitcoin during his appearance on Fox Business. In a live broadcast, Fink described Bitcoin as "digital gold" and emphasized its potential as an international asset.
11 months ago 1 min read

BlackRock CEO Larry Fink Says Bitcoin Is Digital Gold, Calls for Regulators to Consider Bitcoin ETF

BlackRock CEO Larry Fink recently made significant remarks about Bitcoin during his appearance on Fox Business. In a live broadcast, Fink described Bitcoin as “digital gold” and emphasized its potential as an international asset. He also expressed his desire to hear from regulators regarding the approval of a Bitcoin exchange-traded fund (ETF). This represents a notable shift in Fink’s perspective, considering his previous comments on Bitcoin as a “money laundering index” back in 2017. Fink highlighted Bitcoin’s role as a digital form of gold, explaining its ability to serve as a hedge against inflation and currency devaluation. He pointed out

BlackRock Reapplies for Bitcoin Spot ETF Alongside Nasdaq and Coinbase
11 months ago 2 mins read

BlackRock Resubmits Application for Spot Bitcoin ETF After Initial Arrangement

BlackRock, the world’s largest asset management company, is making another attempt to launch a Bitcoin spot exchange-traded fund (ETF) in the United States. In partnership with Nasdaq and Coinbase, the firm has re-submitted its application to the U.S. Securities and Exchange Commission (SEC). If approved, this ETF would be a significant milestone, marking the first-ever spot Bitcoin ETF in the country. However, the road to regulatory approval for such ETFs has been challenging, with previous applications facing concerns about market manipulation, investor protection, and custody issues. The SEC has been cautious in granting approval for Bitcoin ETFs, as they involve

Bitcoin's Monthly MACD Shifts to Green
11 months ago 2 mins read

Bullish Sign: Bitcoin’s Monthly MACD Indicates Start of Bull Market

In 2023, Bitcoin (BTC) made a stunning comeback, recovering impressively from the turbulence it faced in the previous year. A combination of factors, including improving macroeconomic conditions, rising concerns about inflation, and a shift towards more moderate interest rate hikes, boosted Bitcoin’s price and reaffirmed its resilience and appeal as a digital asset. On July 3, an essential technical indicator, the Moving Average Convergence Divergence (MACD), turned green on Bitcoin‘s monthly chart, indicating the potential beginning of a bull market for the world’s leading cryptocurrency. Understanding the MACD and Its Significance for Investors The MACD is composed of two lines:

North Carolina lawmakers have passed a bill that paves the way for a study on investing in digital assets
11 months ago 1 min read

North Carolina Representatives Propose Adding Bitcoin and Gold to State Treasury

North Carolina lawmakers have passed a bill that paves the way for a study on investing in digital assets, particularly Bitcoin, and precious metals like gold. The bill aims to assess the potential benefits of diversifying the state’s General Fund through holdings of Bitcoin and gold, with the goal of hedging against inflation, reducing portfolio volatility, and achieving better long-term returns. If approved by the state’s Senate and signed into law by Gov. Roy Cooper, North Carolina could take a significant step towards safeguarding its assets in an era of monetary devaluation. Content: The recently passed bill, titled “State Precious

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