Sat, October 17

Will Bitcoin Reach Its New High by Mid-June?

Bitcoin (BTC) witnessed a notable momentum over the last month. The bull-bear confrontation made the price fluctuate within the $62,000-$70,000 range. Over the past 30 days, this largest cryptocurrency teased a short bullish rally to near its all-time high (ATH) facing several market obstacles.  At the time of writing, BTC

June 4, 2024 2 mins read

Michael Saylor and MicroStrategy Settles $40M Tax Fraud Case

Michael Saylor, a billionaire Bitcoin advocate and founder of software company MicroStrategy, and the District of Columbia have negotiated an unprecedented $40 million settlement. Claims of tax fraud led to the settlement. In addition, this settlement is the biggest recovery for income tax fraud in the history of the district.

June 3, 2024 2 mins read

47% of US Voters Plan to Add Crypto to Their Portfolios as per Recent Survey

A recent Harris Poll study of American voters indicated that inflation and geopolitical worries have made more and more people resort to Bitcoin. The poll, which was sponsored by Bitcoin ETF issuer Grayscale, found that one-third of American voters will think about a candidate’s position on cryptocurrency before casting their

June 3, 2024 2 mins read

Can Bitcoin Soon Break Past the $68,000 Resistance?

Bitcoin (BTC), the leading cryptocurrency by market cap, hit close to its all-time high last month, fluctuating between $58,000 and $71,000. Currently trading at $67,668, BTC is struggling to break past the $68,000 mark amid a recent decline.  In the past 24 hours, BTC prices have dropped by 1.05%, with

June 1, 2024 2 mins read

Ark Invest Sees $100M Outflow from Bitcoin ETF, Largest Since Launch

With a net inflow of $48.71 million, U.S. spot bitcoin exchange-traded funds have now recorded 13 days of net inflows. Two bitcoin funds, one from Fidelity and the other from Ark Invest and 21Shares, had large movements yesterday. SoSoValue data shows that FBTC (Fidelity) led net inflows of $119 million

May 31, 2024 2 mins read

Bitcoin (BTC) Bulls Eye $70K Amid Crypto Market Swings

Bitcoin (BTC) has showcased significant market fluctuations recently, reflecting mixed sentiment, among investors. Today Bitcoin’s price movements were influenced by the anticipation surrounding macroeconomic data and the impact of the Bitcoin Spot ETF. After briefly surpassing $70,501 on May 27, Bitcoin faced substantial support and dropped 5% in 2 days

May 31, 2024 2 mins read

Binance Research: Bitcoin Scalability Advances Amid New Developments and Rising Fees

The crypto space’s flagship asset, Bitcoin, is still the biggest cryptocurrency by market cap, but it has never been really programmable, scalable, or popular among developers. Nevertheless, there has been a shift. There has been a dramatic increase in the volume of discourse around potential solutions to Bitcoin’s scalability with

May 30, 2024 3 mins read

Goldman Sachs Calls Spot Bitcoin ETF Approval a ‘Psychological Turning Point’

The recent approvals for the Spot Bitcoin ETF have been hailed by world-renowned financial firm Goldman Sachs as a “big psychological turning point.” With the approval’s effect in mind, the bank hailed January’s BTC investment offering as an “astonishing success.”  The digital asset market has been greatly affected by this

May 30, 2024 2 mins read

Jack Dorsey’s Ocean Mining Launches Global Hub in El Salvador

Jack Dorsey-backed Bitcoin mining pool Ocean has launched a “global hub” in El Salvador via its new entity. According to the X post, the new venture, Ocean Mining S.A. de C.V., headquartered in San Salvador, aims to leverage the favorable regulatory environment in El Salvador to expand its operations and

May 30, 2024 1 min read

El Salvador and Cathie Wood Collaborate to Boost Bitcoin’s Role in Financial Markets

El Salvador’s president, Nayib Bukele, and ARK Invest CEO, Cathie Wood, are working together to investigate how Bitcoin (BTC) may improve El Salvador’s financial markets and encourage innovation in technology. Joining forces like this might help El Salvador attract investors from across the world and boost its economy as it

May 29, 2024 2 mins read