Bitcoin’s price jumped to and slightly above $65,000 for the first time in weeks but the Mt. Gox news brought the asset south by over two grand in minutes. Several altcoins, mostly representatives of the meme coin industry, have skyrocketed by double digits in the past day. BTC Goes Up and Down The primary cryptocurrency…
TLDR BlackRock CEO Larry Fink has changed his stance on Bitcoin, now calling it “digital gold” and a “legitimate financial instrument” BlackRock’s iShares Bitcoin Trust (IBIT) has become the world’s largest Bitcoin ETF with over $18 billion in assets Fink believes Bitcoin offers uncorrelated returns and can be a hedge against currency debasement Bitcoin’s price…
Amidst a legal challenge, Tether, the USDT stablecoin issuer, has made a strategic appointment. The Chief Economist of crypto surveillance company Chainalysis, Philip Gradwell, has been brought on board as Tether’s Head of Economics. This move comes at a time when Tether and its sister crypto exchange Bitfinex are facing a class action lawsuit. The…
TLDR Mt. Gox has transferred large amounts of Bitcoin (47,229 BTC and 44,527 BTC) to unknown addresses and cold wallets. These transfers are worth billions of dollars (around $3 billion each). The transfers come as Mt. Gox prepares to repay creditors who lost assets in the 2014 hack. Bitcoin’s price dipped following news of these…
We all know this is a crooked @$$ monetary system. Nothing went wrong – the abuses are built into the system. Modern fiat currency may be the worst kind of money, right next to company scrip. The interest payments on US government debt will reach or exceed $1 trillion this year. You should understand by…
TL;DR Bitcoin’s price surged from below $54,000 to over $65,000, with analysts expecting new highs if it stays above certain resistance levels. Some caution a possible short-term correction, noting a specific sell signal on the 4-hour chart. Where is BTC Headed? The primary cryptocurrency has been on a tear in the past few days, with…
Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings. According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for this purpose. Now, Metaplanet holds 225.61 bitcoin, having paid a little over $14.17 million for the cryptocurrency acquired. In May, the…
The popular meme coin – Shiba Inu (SHIB) – has been one of the best-performing top 20 cryptocurrencies in the past seven days, with its price jumping by over 17% (per CoinGecko’s data). It witnessed a 7% increase in 24 hours, and in the following lines, we will outline the possible reasons behind the impressive…
Michael Dell, the founder and CEO of Dell Technologies, has expressed his fascination with Bitcoin on social media. Dell, who has a net worth of approximately $108 billion, shared a recent video of Blackrock CEO Larry Fink discussing bitcoin on CNBC. This move is significant as Dell’s endorsement could influence the tech and finance industries’…
Bitfinex analysts have warned crypto investors to be cautious as bitcoin’s (BTC) recovery over the weekend is not a sign that its correction is over; the asset could witness more bloodshed in the near term. In the latest Bitfinex Alpha report, experts deemed the market’s reaction this week critical, especially as supply alleviated over the…