Bitcoin Financial News

Bitcoin (BTC) has room to drop below $25,000 to flush out a recent influx of speculators, research shows.

Temasek, a Singapore government-owned firm, is doubling down on its crypto investment strategy with a $10 million injection into Array, a new scalable algorithmic currency that utilizes artificial intelligence and smart contracts.

The crypto exchange giant Binance is set to launch “Binance Japan” next month by rebranding a Japanese exchange it bought late last year.

As the cryptocurrency industry faces regulatory challenges in the United States, public crypto exchange Coinbase is moving forward with a global derivatives platform.

A lot of Bitcoin (BTC) miners just came online. The Bitcoin hash rate, or the total computing power of the Bitcoin blockchain, just soared to 439 exahash per second (EH/s). Moreover, the number of transactions the Bitcoin blockchain processed in one day exceeded 682,000, as over 300,000 Ordinals were inscribed on the Bitcoin blockchain. 

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Bitcoin (BTC) fought for $28,000 support on May 2 after the month opened to multi-day lows.

ARK Invest, the investment management firm founded by legendary investor Cathie Wood, has celebrated International Workers' Day by buying shares of the cryptocurrency exchange Coinbase.

In recent trading sessions, Bitcoin has found support at the $27,750 level, sparking curiosity among investors and traders about the cryptocurrency's future trajectory. After experiencing a bearish trend, many are wondering if this support level will hold or if further declines are on the horizon. 

cryptocurrencies were experiencing losses due to a correction phase that had occurred the previous week. This dip could be attributed to a combination of factors, including unusually large sell orders on Binance and higher-than-expected inflation data from the U.K. As a result, investors and traders were moving away from riskier assets, causing the market to react as expected. During this period, Bitcoin’s value dropped below the $28,000 level. However, on Wednesday, the cryptocurrency saw an increase above this level, which may be because of concerns over banking stability following the announcement of a $100 billion deposit loss by First Republic Bank during its Q1 earnings presentation. Additionally, investors responded positively to the upbeat Q1 earnings reports of Alphabet and Microsoft. As of Friday, BTC was seen changing hands at the $29,400 level, with support at the $29,250 level and resistance at the $29,800 level. Investors and traders may also be anticipating the upcoming FOMC meeting on interest rate decisions, which is scheduled for next week. Meanwhile, Ethereum, the second largest cryptocurrency, is currently trading at the $1,900 level. ETH is consolidating and facing resistance near the $1,925 level, and a close above this level may initiate a fresh rally.

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Business intelligence platform MicroStrategy has reiterated its commitment to its Bitcoin (BTC) investment strategy after turning its first quarterly profit since 2020. 

Blockchain technology was introduced in 2008 as a decentralized, secure, transparent system for managing digital transactions. Its primary aim was to provide a solution to major problems with traditional transactional systems, including trust, security, decentralization and efficiency. Blockchain has since expanded beyond finance and has been used in supply chain management, healthcare, games, digital media and social media, among others. 

As the crypto market continues to evolve, many are looking for reliable Bitcoin price predictions to help guide their investment decisions. A recent statement by a Bloomberg analyst suggests that BTC could reach $100,000 if historical trends hold true. 

Changpeng «CZ» Zhao, the CEO of Binance, one of the world's biggest cryptocurrency exchanges, has refuted the net worth stated by Bloomberg in its financial rich list. Bloomberg included Zhao on its list of the world's richest people in finance. With an estimated wealth of $28.2 billion, CZ is positioned among the top three financial billionaires in the world, as shown by the ranking. On the other hand, CZ said on Twitter on April 27 that the statistics are all incorrect and that he does not have anywhere near as much money as what is supposed to have been the case for him, notwithstanding what was previously stated.

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In a recent announcement, the Raiffeisenlandesbank Niederosterreich-Wien (RLB NO-Wien) detailed its intentions to foray into the realm of bitcoin investing services. The Austrian cooperative banking institution, which was established in 1900 and now has a 22.6% interest in Raiffeisen Bank International (RBI), has decided to launch its new service in collaboration with the Austrian cryptocurrency startup Bitpanda.

Binance, one of the most prominent cryptocurrency exchanges in the world, is planning to make a comeback to the Japanese cryptocurrency market after its recent acquisition of the licensed cryptocurrency trading platform Sakura trading Bitcoin (SEBC). Binance's purchase of SEBC was finalized in November 2022, and the company plans to rebrand the SEBC platform as the Japanese version of Binance in June 2023.

Patrick McHenry, the Chair of the United States House Financial Services Committee, has criticized the Securities and Exchange Commission (SEC) over its approach to digital assets. During an oversight hearing on April 18, McHenry used his opening statement to accuse the SEC of “punishing” digital asset firms through regulation by enforcement without a clear path to compliance. McHenry reiterated his calls for clear legislation on crypto and pressed SEC Chair Gary Gensler for a definitive answer on whether Ether (ETH) qualified as a security or a commodity.

Bitcoin (BTC) headed toward $28,000 support after the May 1 Wall Street open as markets digested fresh United States banking jitters.

JPMorgan Chase emerged as the winner in the auction to acquire the deposits and a “substantial majority of assets” of the troubled bank First Republic. This marked the failure of the third regional bank in the United States since March and laid open the vulnerabilities in the legacy banking system.