The Bitcoin news category covers news related to the cryptocurrency Bitcoin (BTC) and its blockchain. You will see a compiled section of news solely dedicated to all things Bitcoin. Stay on track with the latest developments on Bitcoin. This includes updates in BTC price changes, Bitcoin market capitalization updates, breaking news on Bitcoin, and more.
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According to a letter sent to shareholders on Thursday, Block reported a 16% rise year-over-year in Bitcoin gross profit to $50 million in the first quarter of 2023 due to an increase in Bitcoin sales to clients. Block said that it had received $2.16 billion in Bitcoin sales income, an
Montana Governor Greg Gianforte has signed a pro-cryptocurrency mining bill, S.B. 178, into law. The bill largely prevents local governments in Montana from passing laws that prohibit cryptocurrency mining. It enshrines crypto miners’ rights in the state by revising existing laws to prohibit discriminatory electrical rates for mining firms and
The Bitcoin (BTC) trading price has been on the move since the beginning of 2023. Bitcoin has steadily risen since the digital token recorded a price below the $6,000 level in 2020. Pierre Rochard, VP of Research at Riot Platforms, recently claimed on Twitter that data invalidates the belief that
Key interest rates were increased by the European Central Bank (ECB) by 25 basis points (bps) at its May 4 meeting, signaling a moderating pace of policy tightening. In April, Euro Area inflation hit 7%, while the underlying rate has remained at a record high of 5.6%. Following a similar
To prevent fraud, the United Kingdom is planning to outlaw cold calling for financial items, such as insurance and cryptocurrencies. According to the National Crime Agency, fraud costs the nation approximately £7 billion ($8.7 billion) yearly. The UK offered 400 new jobs as a component of its new fraud strategy
In the year 2023, banking has become very difficult. It all started with the failure of many major financial institutions, including Silvergate Bank, Signature Bank, and Silicon Valley Bank. The US government seized First Republic Bank earlier this week, and trading in the bank’s shares was temporarily stopped. The First
Bitcoin (BTC) rebounds to its 16-month-high on the Greed Index. Significantly, the optimistic BTC traders facilitated a 16% surge in the fear and greed index — from 55 to 64 — in the past 24 hours. This largest cryptocurrency displayed a 2.25% spike, surpassing the $28,600 level. After a short
Job opportunities in the United States dropped by 9.6 million in March, according to data from the Bureau of Labor Statistics, below market forecasts of 9.775 million. Due to increasing interest rates, job openings have dropped to their lowest level since April 2021. Bitcoin’s price shows continued volatility, as it
MicroStrategy, the enterprise analytics platform disclosed its financial results for the first quarter of 2023. The company stated that its net income for the first quarter was $461.2 million, or $31.79 per diluted share. Comparatively, it reported a net loss of $130.8 million in the first quarter of 2022. MicroStrategy
As per the instability caused by the United States banking sector, Bitcoin (BTC) fell down for consecutive four days from its peak of $30k till the last week. Also, crypto experts have predicted the fall could be because of the higher interest rates and constrained monetary policies. It is anticipated
