Bitcoin Financial News

Bitcoin [BTC] Ordinals crossed the benchmark of successfully inscribing over 200,000 NFTs. This milestone was reached swiftly, as it has only been a couple of months since Ordinals’ launch. The total Ordinals inscribed at the time of writing was 207,269, with image-type ordinals accounting for the lion’s share, followed by text. 

Interoperability remains a persistent issue in the world of gazillion blockchains and interesting protocols and projects. The need for interoperability leads to many practical problems, one of which comes down to token liquidity and crypto swapping between blockchains.

Bitcoin (BTC), the world's largest cryptocurrency, was able to recover some of its recent losses and attract modest bids above the $23,500 level as the crypto market started the month on a positive note. This was attributed to Abu Dhabi's plan to create a free zone for the crypto industry, which will offer zero taxes and 100 percent foreign ownership to digital and virtual asset firms.

Bitcoin's subsiding two-month rally contains a warning for investors if history is any guide. The February jump in the largest digital token has withered to about 2% and pales compared to January's 39% surge, data compiled by Bloomberg show. There have been five similar instances since the pandemic low in 2020 when Bitcoin climbed over two straight months but with a smaller gain in the second stanza. It retreated in the third month in four of those cases, posting an average loss of 5.8%. The only exception was a period through February 2021, when the token was in the midst of a powerful bull run. Bitcoin ended in the red Sunday for the third week in four, hurt by the prospect of higher-for-longer interest rates to damp inflation. A regulatory clampdown in the US after the collapse of the FTX exchange is also squeezing the sector.

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

Bitcoin (BTC) miner Marathon Digitial will reissue a number of previous financial statements after the Securities and Exchange Commission (SEC) pointed out some accounting errors the firm made.

The popular tech-focused fund manager Cathie Wood has declared that she will stick with her crypto investments, while praising Bitcoin (BTC) and Ethereum (ETH) as decentralized blockchains that have given her confidence in the space.

It’s Day Two of the Blockchain Economy Summit – the UK’s biggest gathering of crypto companies and blockchain entrepreneurs.

This time last week, Bitcoin looked like it might be on the verge of mustering a key short-term bullish breakout. The world’s largest cryptocurrency by market capitalization had formed a bullish short-term ascending triangle pattern and looked like it was about to break above the key $25,200-400 area, opening the door for a quick run higher towards the next major area of resistance around $28,000.

Bitcoin [BTC] has the “habit” of performing woefully in March over the years, making it the second worst month over the years, bar 2013. While the first two months of the year may have been off to an excellent beginning, investors might need to watch out for the red-loving month, Miles Deutscher opined.

Stacks is one of the first blockchains to enable a way for minting Bitcoin (BTC) Ordinals, which puts it in an excellent position to benefit from the hype. However, Ordinals have invoked an issue from the past where Bitcoin maximalist ideologies will be tested if the NFTs lead to network congestion.

The recent weakness in the crypto market has not invalidated the six-week-long ascending trend, even after a failed test of the channel's upper band on Feb. 21. The total crypto market capitalization remains above the psychological $1 trillion mark and, more importantly, cautiously optimistic after a new round of negative remarks from regulators.

This week on The Market Report, the resident experts at Cointelegraph discuss the recent fear, uncertainty and doubt (FUD) around the popular cryptocurrency exchange Binance and what the CEO of Solana had to say about recent outages. 

Cointelegraph’s Crypto Trading Secrets podcast has published Episode 6, covering an array of content that should pique the interest of cryptocurrency traders. This episode’s guest is Brian Krogsgard, also known as Ledgerstatus on Twitter. Krogsgard is a trader and one of the co-founders of Flip.xyz, a nonfungible token (NFT) platform. He is also a podcaster in the crypto space. 

Universities in the United Kingdom have started offering cutting-edge research programs, courses and practical experience in various aspects of blockchain technology, including cryptocurrencies, smart contracts, privacy, security and scalability. Students who graduate from these programs will be well-equipped with the knowledge and skills necessary to become leaders in the field of blockchain technology and drive innovation and adoption in various industries.

On the second day of the Blockchain Economy London Summit, Cryptonews was present at a talk by Patrick Sweeney, the CEO of DaVinci 3.0 and a Wall Street Journal Best-Selling author. 

Bitcoin (BTC) faced a showdown with a key trend line on Feb. 28 as the monthly close finally arrived.

Attorney John Deaton, a pro-Ripple lawyer, has chastised Michael Saylor, the chairman of business intelligence firm MicroStrategy Incorporated, for his stance on Bitcoin [BTC] maxis. The digital currency ecosystem was disturbed since news of the SEC’s onslaught on key industry firms began making the rounds in February 2023.

Luke Dashjr, a core developer for Bitcoin [BTC], took to Twitter to share his concerns about Non-Fungible Tokens [NFT] that were being sold using his name. The incident involved a picture of the core developer’s code, which was presented to the public as an NFT at an auction.

The Brazilian Central Bank says that its central bank digital currency (CBDC) – the digital real – is being designed to help now domestic businesses grow. The bank is also looking to tighten the regulations surrounding cryptoassets.

Crypto-backed investment funds saw capital outflows last week, while bearish sentiment also drove speculators into short bitcoin (BTC) funds as worries spread about potentially higher interest rates in the US.