Balaji Srinivasan, the former CTO of Coinbase, revealed that he settled a notable Bitcoin bet made in March by contributing $1.5 million of his own money. When Srinivasan initially made his $1 million bet public in March, he claimed that because the world economy is about to experience an enormous
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
Greenidge, a Bitcoin miner based out of New York, has stated that it is emerging from recent difficulties and expanding operations via a collaboration with Core Scientific. The company announced the agreement with Core Scientific on Thursday. With 6,914 mining machines belonging to Greenidge being hosted by the company. The
Kevin O’Leary, the Canadian businessman known as Mr. Wonderful, stated that no new money is coming into Bitcoin and crypto from institutions until there’s regulation. In an interview with YouTuber Kevin, O’Leary stated that Bitcoin is locked in purgatory and has been trading between $17,000 and $30,000 for a long
For the first time in a week, Bitcoin (BTC) briefly climbed back above $30,025 before falling back. The largest cryptocurrency market cap fluctuated during New York trading hours between gains of up to 10% and losses of about 1% before settling at about $29,282. Also, this brings to the attention
On Wednesday, the Bitcoin price dropped at the same time as an Arkham Intelligence bug fix-related occurrence. A well-known Twitter account for cryptocurrency news, DB, shared an extract from an Arkham Intelligence alert stating that Mt. Gox and US government wallets were doing transactions. [DB] Mt Gox and US Govt
First Republic Bank’s ($FRC) share price plunged around 50% as it lost more than $100 billion in customer deposits. Despite this, Bitcoin’s (BTC) price surged over 6% to the $29K price range. After losing more than half of its deposits, First Republic Bank has a steep slope to climb to
First Republic Bank (FRC) now risks a similar fate after Silvergate and Signature Bank failed late last month since it has few choices to turn things around. This might soon become the third big bank to fall this year, spreading widespread panic throughout the United States and abroad. The bank
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has become the world’s number one asset. The report on asset class returns for Quarter 1, 2023, shows that Bitcoin outperforms all other assets. #Bitcoin is the #1 asset in the world! pic.twitter.com/Tq8glQ857X — Documenting ₿itcoin 📄 (@DocumentingBTC) April 25, 2023
While the price of Bitcoin fell for three days in a row last week, some “whales” who had been sitting on large sums of the cryptocurrency activated their inactive wallets. The asset’s price usually rises in tandem with this pattern. However, this might also be seen as large traders seeking
