After legalizing Bitcoin as legal tender, Salvadoran President Nayib Bukele expressed disappointment that the country’s adoption of the cryptocurrency had not progressed as far as expected. Although he acknowledged he had not seen as many advantages as he had hoped, Bukele said in an interview with Time magazine that Bitcoin
The most influential blockchain conference in Asia, Blockchain Week 2024, is delighted to announce that Mark Karpelès, the former CEO of Mt. Gox and a pioneer in the blockchain sector since 2009, will be one of the featured speakers at its flagship event, KBW2024: IMPACT. Mark Karpelès became a founding member of
There has been a new supply low in the quantity of Bitcoin held on cryptocurrency exchanges. Which may be the impetus Bitcoin needs to reclaim the $60,000 mark. According to an analyst at CryptoQuant, on August 29, Bitcoin reserves on exchanges reached new lows for the year. Which might mean
The three-day losing skid for U.S. spot bitcoin exchange-traded funds continued on Thursday with net outflows of $71.73 million. Data from SosoValue shows that BlackRock’s IBIT, the biggest spot bitcoin ETF by net assets, had net outflows of $13.51 million, marking its first negative flows since May 1, and second
While the Bitcoin miners are facing difficulties in maintaining profitability following the April 19 halving, a solo miner has successfully processed Bitcoin block 858,978 and netted nearly $200,000. The block, processed at 4:21 PM UTC on August 29, included 2,391 transactions and yielded a reward of 3.27 BTC, valued at
Bitcoin (BTC) displayed another drop today, falling to $58,710 after briefly rallying to $61,184 yesterday. This decline wiped out all gains over the last 12 hours, marking a 4% decrease. This drop, although notable, isn’t as severe as the decline seen on August 28, when BTC fell to $57,974—its largest
Economists in the United States are predicting a rather strong reading for personal consumption expenditures (PCE) price index, the favored inflation indicator of the Federal Reserve. This means the US FOMC will have to think about cutting interest rates in September. If the PCE price index number is greater, the
Bitcoin layer 2 network, Stacks, has captured community attention with its latest Nakamoto upgrade, designed to accelerate transaction speeds. Despite this significant development, the Stacks native token (STX) has seen a 6% decline in the past 24 hours, alongside a 10% drop in trading volume. The Nakamoto upgrade, named after
Bitcoin has been under heavy bearish pressure over the past three days, hitting a 12-day low of $57,860 yesterday. Currently trading at $59,978 with a 0.19% decline, Bitcoin’s trading volume is down by 24%. Over the past month, the cryptocurrency has seen a 14% decline. Amid this downturn, significant whale
As the cryptocurrency market navigates a turbulent period, Bitcoin (BTC) has showcased a significant drop, moving from nearly $65,000 to below $58,000 in recent days. This downward shift has been influenced by a mix of factors, including market reactions to recent economic news and broader financial trends. According to CoinMarketCap,
