Bitcoin Financial News

The price of the Bitcoin (BTC) briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of "crypto-bank" Silvergate.

Bitcoin mining company Compass Mining claims to have found “three issues” in the ASIC design of the two new Antminer S19 miners, units that are primarily used to mine Bitcoin (BTC).

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

March started off on a low due to a resurrection of inflationary fears. On March 7, hawkish comments from United States Federal Reserve chairman Jerome Powell amplified the market’s expectation of a 50-basis point hike in the upcoming policy rate meeting on March 22 to March 23. 

Eric Peters, CEO of One River Digital Asset Management, believes the next crypto bull run will be very powerful as it will be driven by institutional adoption. In fact, the exec believes that a bull run might have begun already, despite prevailing downsides.

In wake of Bitcoin’s latest slide below the $21,000 level on Thursday as traders mull headwinds including a growing liquidity crisis amongst major crypto-friendly banks and ongoing macro headwinds as the US Federal Reserve signals risks, Bitcoin options have turned their most pessimistic on the cryptocurrency’s near-term price outlook this year.

Bitcoin (BTC) traders saw continued downward pressure after the 5.5% decline in BTC price on March 7. Increased odds of further interest rate increases by the Federal Reserve and regulatory pressure in cryptocurrencies explain some of the movement.

Bitcoin [BTC] traders seem unperturbed about the king coin’s drop below $22,000. In fact, according to CryptoQuant’s evaluation of the market, traders in the derivatives market are keen on opening long positions despite the glaring bearish exposure.

Nonfungible tokens (NFTs) are not yet eligible to be classified as securities by the German Federal Financial Supervisory Authority (BaFin). The organization recommends categorizing NFTs on a case-by-case basis.

Robbo AI is a crypto trading platform that claims to make Bitcoin and altcoin trading more profitable and easy by offering tools that traders can use to conduct trades quickly without paying much attention to market conditions. The platform claims to have an onboard ML-enabled mechanism for that purpose.

As the cryptocurrency industry gains popularity, it is obvious that the number of entities being introduced to the sector shall increase too. There are multiple platforms today that allow users to trade cryptocurrency and boast several appealing features. This review aims to learn more about a similar trading platform called Immediate GP.

Crypto billionaire Arthur Hayes has proposed a Bitcoin-backed stablecoin. The stablecoin's value would need help from exchanges to maintain its $1 peg.

Bitcoin (BTC) rested at multi-week support at the March 9 Wall Street open as concerns over a deeper BTC price drop increased.

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Countries lead blockchain adoption for various reasons, including recognizing its potential to transform multiple sectors of the economy, promoting innovation and economic growth, and creating a favorable regulatory environment to attract blockchain businesses.

The crypto community is having a blast with a comment from prominent economist and crypto-critic Paul Krugman after he said he’s been locked out of Venmo and that the “software has taken control.”

The National Bank of Ukraine (NBU) has expressed a mixed stance on cryptocurrencies like Bitcoin (BTC) after a year of war in the country.

Mt. Gox Investment Fund, the largest creditor of Mt. Gox, has revealed that it plans to keep the BTC returned by the Tokyo-based defunct crypto-exchange. The fund became the largest creditor after acquiring the claims against Mt. Gox. 

Bybit, the Singapore-based cryptocurrency exchange, has announced the launch of its new debit card that will allow users to make payments and withdraw cash using their cryptocurrency holdings. The Bybit card will operate on the Mastercard network and will initially allow fiat-based transactions by debiting cryptocurrency balances when used to pay for goods and services. The new service begins with the launch of a free virtual card for online purchases, while physical debit cards are set to be available in April 2023. The card will work with Bitcoin, Ether, Tether, USD Coin, and XRP balances on user accounts. Payments made with the Bybit card will automatically convert the balances of these initial cryptocurrencies into euros or pounds, depending on the user's country of residence.

Bitcoin of America, a Bitcoin technology firm, and three of its executives are facing charges of money laundering, conspiracy, and other crimes connected to the operation of more than 50 unlicensed crypto kiosks in Ohio that knowingly benefited from victims of cryptocurrency scams. The firm, which operated as S&P Solutions, allegedly pocketed a 20% transfer fee each time a scam occurred and continued to do so even after learning they were fraudulent.