Despite the fact that some market watchers predicted that Bitcoin’s price wouldn’t be able to break above $36,000 by the close of the week’s trading session, it did just that. Many traders were taken off guard when the price of Bitcoin surged beyond $36,500 and hit nearly $37,000. After being
On a recent earnings call, Robinhood Markets Inc. CEO Vlad Tenev spoke optimistically about Bitcoin’s future and its prospects as a mainstream asset, suggesting that a Bitcoin ETF would be possible in the future. Meanwhile, Tenev provided details on the company’s European development ambitions and the upcoming launch of brokerage
Bitwala, previously known as Nuri, is relaunching as a cryptocurrency banking platform in Europe after having shut down and returned client assets in 2022. On November 8th, Bitwala and the banking services provider Striga announced that they will be resuming business activities under the Bitwala brand. Moreover, Bitwala CEO Dennis
2023 has proven to be a year of fluctuation in the cryptocurrency market, characterized by both significant gains and notable declines, largely influenced by bearish trends. But in Q4, the bulls displayed exponential strength, with Bitcoin, the largest cryptocurrency, leading the way. Just a week ago, BTC reached an 18-month
Ark Invest, led by Cathie Wood, has dumped Grayscale Trust (GBTC) shares again, this time for around $3.8 million, and acquired Block shares for about $5.6 million. Recent transactions reveal that ARK Innovation ETF (ARKK), ARK Next Generation Internet Fund (ARKW), and Ark Fintech Innovation ETF (ARKF) together bought 113,326
Ordinals (ORDI) token prices related to the Bitcoin Ordinals protocol have increased by 81% in the last 24 hours after being categorized as a “seed” developing project on the cryptocurrency exchange Binance. The Seed Label denotes experimental endeavors, the tokens which may be more volatile and risky than average. The
Custodia Bank stated it had been granted permission to operate a Bitcoin custody platform. Now available to the public is a Bitcoin custody service that provides individual client accounts rather than shared ones. Custodia Bank has received permission to launch a Bitcoin custody service from the Wyoming Division of Banking.
Due to increased competition for available block space, Bitcoin transaction fees are at their peak level in almost six months. BitInfoCharts reports that as of November 7th, the average BTC transaction cost was close to $6. This week, on-chain transactions have seen significantly increased costs due to the resurgence of
Bitcoin (BTC) has found itself caught in a stiff consolidation phase, with price levels swinging between $34,800 and $35,250. Despite several attempts by the bulls to break through the resistance at $35,250, the bears have proved strong around the $35,300 and $35,550 levels. This week, Bitcoin made multiple efforts to
Defunct crypto exchange FTX has submitted a petition to the Delaware bankruptcy court for the liquidation of trust assets held by Grayscale and Bitwise estimated to be worth $744 million. Statements from FTX and its debtors indicate that they expect this approach to facilitate preparation for payments to creditors in
