Bitcoin Financial News

Layer-1 Ethereum Virtual Machine (EVM) blockchain platform Flare has integrated its API portal on Google Cloud Marketplace, on-boarding a number of significant blockchain APIs to the ecosystem.

Lawyers for Celsius Network are seeking to fold a UK affiliate into the company, a move that could strengthen the hand of the firm’s retail customers in their battle with institutional shareholders over the bitcoin mining business and other assets housed in the affiliate.

Bitcoin’s BRC-20 token standard has become the latest trend in the crypto ecosystem, especially after the Pepe meme coin rise in recent months. A total of 8,500 different tokens have been minted using the BRC-20 standard, and the majority of these BRC-20 tokens are meme coins, such as Pepe and Meme.

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Bitcoin (BTC) miners have profited roughly 37% from mining Bitcoin since its inception, new data reveals.

A legal twist allowed the South Korean Treasury to make a large profit on crypto seized by law enforcers in 2018 – and liquidated while Bitcoin (BTC) was trading for just under $40,000.

In this Bitcoin price prediction, we will delve into the perspectives of analysts who foresee significant volatility in the near future, with the potential for a drop to the $25,000 level. As the cryptocurrency market constantly evolves and fluctuates, understanding the factors that influence price movements becomes crucial for traders and investors. 

Nasdaq-listed mining company Bitdeer Technologies Group and Bhutan’s sovereign investment arm Druk Holding and Investments (DHI) have teamed up to create eco-friendly and carbon-free digital asset mining operations in the Kingdom of Bhutan. 

Bitcoin's bounce has paved the way for the type of six-figure price projections that peppered the pandemic-era crypto boom. The token's ripening monthly streak puts history on the side of such bold optimists. Bitcoin is set to climb for the fourth month in a row after eking out an April gain, the best such stretch since a six-month advance through March 2021. In the past decade, four-month winning runs foreshadowed an average Bitcoin surge of 260% over the subsequent year, data compiled by Bloomberg shows. A jump of that magnitude would take the largest digital asset to a record $105,000 from about $30,000 currently, the zone where its 77% rebound in 2023 from last year's punishing crypto rout has stalled somewhat. Bitcoin has changed narrative garb like a chameleon during the revival, drawing succor from bets on a Federal Reserve pivot to looser monetary policy, the perceived blow to fiat currency from the US banking crisis and a planned reduction in the supply of new tokens — a so-called halving — due next year. «The biggest thing for crypto is that it's a lightning rod for liquidity,» Christopher Forbes, head of CMC Invest Singapore, said on Bloomberg Television. «And as liquidity returns to the market, and it is and we're seeing that, I think crypto will continue to trade well.»

In this Bitcoin price prediction, we explore the impact of MicroStrategy's recent announcement of profits related to its Bitcoin holdings on its value. We also ponder whether the company's CEO, Michael Saylor, will consider purchasing more Bitcoin in light of these positive financial results. 

The Biden administration has renewed its push for a 30% Digital Asset Mining Energy (DAME) tax on cryptocurrency miners, part of efforts to minimize the industry’s alleged impact on climate change. 

A $1 million Bitcoin (BTC) price bet has been closed out 97% under its target price, with its backer Balaji Srinivasan choosing instead to donate a total of $1.5 million to three different entities as a settlement.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

PayPal-owned Venmo began letting its millions of users buy, hold and sell crypto directly within its app in 2021. The new feature lets these users transfer Bitcoin, Ethereum, Litecoin and Bitcoin Cash to their Venmo contacts and to outside players.

Since 2011, Bitcoin (BTC) has posted an average return of 18.3% in May, according to data presented by bitcoinmonthlyreturn.com.

The number of transactions taking place on the Bitcoin network hit a record high of 682,099 on Monday, according to data presented by crypto analytics firm Glassnode.

On May 2, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Weekly Report,” which stated that the digital asset market experienced bearish sentiment for the second consecutive week, resulting in outflows totaling $72 million. The report noted that the bearish sentiment could be attributed to the probability of further interest rate hikes by the United States Federal Reserve this week.

In today’s Market Report episode, analyst and writer Marcel Pechman discusses whether Bitcoin’s (BTC) $28,000 support has a chance. Next, Pechman analyzes the First Republic Bank’s failure and its subsequent acquisition by JPMorgan. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.

Bitcoin has been on a bullish run since the start of 2023 as the New Year bounce back fueled a price surge from just over $16,600 to above $30,000 in April.

The majority of people will have their wealth progressively eaten away by the devaluation of money, according to Arthur Hayes, the co-founder and former CEO of crypto derivatives exchange BitMEX. 

The rise of ordinals on Bitcoin (BTC) has opened many doors for developers and users. By permanently inscribing data on the Bitcoin blockchain, digital objects like art can have verifiable ownership. However, not only digital art objects can benefit from this development. Domain addresses are also possible using this technology.