Bitcoin Financial News

BlackRock’s latest filing for a spot Bitcoin (BTC) trust will drive investors’ confidence in Bitcoin and may even be “the best thing that could happen” to BTC, according to some crypto industry observers — but others warn of a hidden cost.

The South Korean crypto lending platform Delio says it is “temporarily” suspending deposits and withdrawals, as financial regulators say they are “investigating” the situation.

Bitcoin payments firm Strike has extended the reach of its cross-border payments service to Mexico, as the company aims to leverage the country’s expansive remittances market.

Popular culture depicts publicists as soulless spin doctors who will sell their mother if it means landing a feature in The Wall Street Journal. While it’s true that any serious PR pro is ambitious about earning coverage for clients, the idea that we are unshackled by ethics and objectivity is nonsense. PR is about connections, and integrity means lasting relationships with journalists. 

The crypto market remains volatile after the June 14 Federal Open Market Committee (FOMC) announcement and presser with Fed Chairman Jerome Powell revealed that the central bank would pause rate hikes for June.

Amid the panic over lawsuits against major cryptocurrency exchanges, one Bitcoin (BTC) advocate argued that the BTC market is much bigger than the one tracked by exchanges.

While intuitively, mining Bitcoin may appear like a highly profitable endeavor, research suggests otherwise. 

In the latest episode of The Market Report, analyst and writer Marcel Pechman explains that United States inflation slowed for an 11th straight month in May, even though the Consumer Price Index increased 4% year-over-year. That’s down from 4.9% in April but still above the 2% target.

sector without plans to come back anytime soon. Nearly $172 million exited from global exchange-traded products tracking everything from Bitcoin to Cardano in the first six months of 2023 amid an industry wide rally, following outflows of just $37 million in 2022. That compares to record cash inflows of nearly $10 billion in 2021 and $6.7 billion in 2020, Bloomberg data show. It's another signal of investors having fallen out of love with the once-high-flying sector, where prices are — despite a more-than 50% resurgence this year for Bitcoin — still way below their 2021 peaks. A large chunk of the investor base — one that was excited during the pandemic years — has turned out to be fleeting: many, scorched by last year's slew of scams and company collapses, are still nursing those wounds. "Crypto doesn't have the same mass appeal that it did during 2020 and 2021," said Roxanna Islam, associate director of research and head of sector and industry research at VettaFi. «Investors who were previously burned by lower prices and market volatility may have already left the market late last year, and with Bitcoin prices hovering under $30,000 for the past few months, there hasn't been enough excitement to attract new investors.»

Defunct crypto lender Celsius has revised its bankruptcy filing, awaiting approval from a bankruptcy court in New York after a successful acquisition deal with the Fahrenheit crypto consortium. The crypto lender filed its reorganization plan on June 15.

The price of Bitcoin (BTC) has fallen below the $25,000 mark for the first time since March 17 following a hawkish Fed announcement amidanother turbulent week for the crypto industry. 

Bitcoin's price has been pinned below $26,300 since June 10, reflecting a 14.8% correction in two months. Meanwhile, the Nasdaq tech stock market index gained 13.6% in the same period, indicating that investors are not exactly fleeing to the safety of cash and short-term debt. In fact, the demand for United States government bonds has been declining for the past six weeks.

Jay Clayton – former chairman of the U.S. Securities and Exchange Commission (SEC) – expressed a view of the crypto market on Wednesday that largely mirrors that of his current successor, Gary Gensler. 

Crypto exchange Binance announced the launch of new subscription-based could mining products dedicated to Bitcoin (BTC) mining. 

A slight deviation in Tether's (USDT) stablecoin earlier today has caught the attention of cryptocurrency traders.

The recent significant drop of over 5% in Bitcoin's price has raised concerns among investors and traders. 

In an update to the Bitcoin protocol Ordinals, the newly appointed chief maintainer, Raph, has merged an update titled «Recursive Inscriptions» (Update no. 2167) into the Ordinals codebase on GitHub. This update, originally proposed by Ordinals creator, Casey Rodarmor, has unlocked several powerful uses by permitting inscriptions to request the content of other inscriptions through a unique syntax, "/-/content/:inscription_id".

The most prominent cryptocurrency, Bitcoin, is currently being closely monitored for potential price predictions and breakout opportunities. 

Bitcoin (BTC) stayed below $25,000 on June 15 after a snap reaction to United States economic policy changes saw three-month lows.

The Federal Reserve's decision to keep interest rates unchanged and their projection of potential rate hikes later this year have significant implications for the financial markets. 

Circle’s founder Jack Dorsey has decided to inject some $5 million into Bitcoin non-profit Brink, providing the organization with funds to finance its support for independent BTC developers.