Bitcoin Financial News
17.06 / 09:21
cryptocurrency
Terra Luna
Bitcoin
SEC initiates investigation into insider trading in crypto exchanges, says Fox Business
The US securities market watchdog has launched an investigation to ascertain if cryptocurrency exchanges were doing enough to curb insider trading on their platforms, Fox Business has reported.
17.06 / 08:11
business
Ethereum
Investments
Bitcoin
Terra Classic
Mark Cuban says crypto crash highlights Warren Buffett's wisdom
Billionaire crypto investor and owner of the Dallas Mavericks Mark Cuban says the current market downturn reminds him of a well-known adage uttered by Warren Buffett.
17.06 / 06:51
Ethereum
Stablecoin
Bitcoin
Bitcoin Price
72 of the top 100 coins have fallen 90% or more: Here are the holdouts
According to price data from CoinGecko compiled by CoinGoLive, the current bear market has seen a whopping 72 out of top-100 tokens fall more than 90% from their all-time highs.
17.06 / 05:45
Dogecoin
Ethereum
Bitcoin
Glory, gloom & doom! Are cryptocurrencies losing asset class status?
crypto market is coming true as the digital token market is in a tight bear grip. The winter in the digital asset class is likely to last longer than expected, as signaled by a number of crypto companies, who are laying off their staff and human resources amid the crash and dire cash crunch. Manit Ankhad — Vice President and Head of Crypto Research, 1Finance said, «In the past nine years of crypto being in existence, we have seen two bear markets in 2015 and 2018.»
17.06 / 05:45
cryptocurrency
solana
avalanche
Bitcoin
Crypto price today: Bitcoin tops $22,000; Solana, Avalanche zoom up to 18%
Bitcoin and other major crypto tokens rebounded sharply on Thursday, marching in line with the equity markets, after the rate hike outcome of the US Federal Reserve. The Fed on Wednesday raised interest rates by 75 basis points or three-quarters of a percentage point. It is the biggest rate hike in 28 years, part of an ongoing effort to bring down soaring inflation. Barring the dollar-pegged USD Coin, the majority of the crypto tokens were trading with solid gains on Thursday. Solana zoomed about 18 per cent, whereas Tron rallied 15 per cent. Avalanche and Polkadot gained 10 per cent and 12 per cent, respectively.
17.06 / 05:22
business
Taxes
Bitcoin
Portfolio in the red? How tax-loss harvesting can help stem the pain
Crypto investors — particularly those that bought in toward the top of the market in 2021 — may be able to find some salvation through a tax-saving strategy called “loss harvesting” according to Koinly’s head of tax.
17.06 / 04:31
Digital
Bitcoin
Aviva Investors warns of bitcoin ‘spill-over’ risk to other asset classes
Aviva Investors, the asset management arm of the UK-listed insurer, is keeping a close watch on bitcoin and other digital assets for potential spill-over risks into other asset classes, as the market braces for a so-called “crypto winter”.
17.06 / 01:45
BTC
Lowe's
Santiment
Bitcoin
Time
BTC: Want to time the bottom? These ‘bull traps,’ ‘fake pumps’ might help
Bitcoiners have been active in recent days following the latest crypto crash. The 3AC and Celsius liquidations have been attributed to the major price drops. In fact, the on-chain metrics of Bitcoin have been showing some interesting developments of late.
17.06 / 00:21
ETF
regulation
SEC
Bitcoin
Spot ETFs
Support
regulatory
Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure
United States Securities and Exchange Commission (SEC) commissioner Hester Peirce, sometimes known as Crypto Mom for her ardent support of the industry, spoke Tuesday at a conference hosted by the conservative-libertarian Federalist Society titled “Regulating the New Crypto Ecosystem: Necessary Regulation or Crippling Future Innovation?” Her lengthy remarks — over 4,000 words in the prepared version, which was augmented extemporaneously as she presented it — contain some of the bluntest criticisms of SEC policy she has made yet.
17.06 / 00:21
markets
Bitcoin
Bitcoin Price
Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K
Crypto traders had a brief opportunity to pause and take stock of where things are on June 16 as the relentless selling that has hammered Bitcoin (BTC) and the wider market over the past week began to relent despite an ongoing sell-off in the traditional markets.
17.06 / 00:09
BTC
CEO
MicroStrategy
Bitcoin
MicroStrategy pushes away Margin Call rumours
MicroStrategy’s bank account now holds 129,218 Bitcoins. In fact, some believe the firm may be obliged to liquidate or pledge a significant portion of its Bitcoin reserves as collateral as a result of Bitcoin’s price fall.
16.06 / 22:56
Blockchain
Adoption
Bitcoin
Resistance is futile! 3 reasons why Bitcoin mining will never go away
In the summer of 2021, the Chinese government banned Bitcoin (BTC) mining and cited the typical concerns of harmful environmental effects and money laundering. Now, the Chinese government is working toward establishing its own digital yuan currency. This raises the question as to whether the original reasoning was merely a Trojan horse.
16.06 / 22:39
UPS
Bitcoin
recovery
ApeCoin [APE]: With recovery beyond grasp, here’s where you can find some respite
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
16.06 / 22:29
Altcoin
Ether price
Terra Luna
Bitcoin
Three Arrows Capital has failed to meet margin calls: Report
Venture firm Three Arrows Capital (3AC) has reportedly failed to meet margin calls from its lenders, raising the spectre of insolvency after this week’s crypto market collapse triggered unforeseen liquidations for the Singapore-based company.
16.06 / 21:02
markets
Bitcoin
Bitcoin Price
Further downside is expected, but multiple data points suggest Bitcoin is undervalued
The outlook across the cryptocurrency ecosystem continue to dim as the sharp downtrend that was initially sparked by the collapse of Terra now appears to have claimed the Singapore-based crypto venture capital firm Three Arrows Capital (3AC) as its next victim.
16.06 / 20:21
Digital
Mining
Bitcoin
Time
'The Reckoning' & 'The Best Time' to Enter Bitcoin Mining as Firms Diversify Amid Bear Market
Some Bitcoin (BTC) and crypto miners are working to diversify their operations amid the bear market, trying to gain revenue streams unrelated to mining. At the same time, the current market reveals “who has been conservative and who has been ‘apeing’ in,” panelists at a mining discussion agreed.
16.06 / 19:51
Adoption
Payments
Report
Bitcoin
Accepting Bitcoin for your business just like Tesla: Report
Tesla temporarily embracing Bitcoin (BTC) as a method of payment for its products was conceivably one of the catalysts that pushed asset prices to record highs last year and put the spotlight on crypto legitimacy — particularly in the realm of payments. Moreover, crypto enthusiasts had lauded the fact that Tesla even set up its own node to accept BTC and stated that it wouldn’t swap its holdings for fiat, implying high confidence in the crypto’s long-term prospects.
16.06 / 18:27
Ethereum
economics
Federal Reserve
Bitcoin
analysts
Bitcoin, Ethereum Struggle a Day After Fed's Record Rate Hike as Analysts Hope for a Bounce
The bitcoin (BTC) and broader crypto market failed to recover higher and returned to the selloff on Thursday, after a brief rally following the US Federal Reserve’s (Fed) announcement on Wednesday that it had raised rates by 75 basis points, its largest rate hike since 1994.
16.06 / 18:13
markets
stocks
Bitcoin
Bitcoin Price
BTC price rejects at $23K as US dollar declines from fresh 20-year highs
Bitcoin (BTC) ran out of steam near $23,000 on June 16 after the biggest United States key rate hike in nearly thirty years.
16.06 / 16:53
Blockchain
Report
proof-of-work
Bitcoin
Banking uses 56 times more energy than Bitcoin: Valuechain report
Fresh figures on Bitcoin’s (BTC) energy consumption, efficiency and scalability serve to expose the banking sector while bathing the world's largest cryptocurrency in a new light.
16.06 / 16:11
Binance
CEO
coinbase
Kraken
Bitcoin
Bucking trend, some crypto firms go on hiring spree
With Bitcoin tanking and the industry hunkering down for a crypto winter, in the last few days Coinbase has set out plans to reduce its workforce by 18%, BlockFi by 20%, Crypto.com by five per cent and Gemini by 10%. However, Binance says it is hiring for 2000 roles, while Kraken is adding 500 employees and OKX says it will increase headcount by 1500 over the next year.
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