Bitcoin (BTC)

BlackRock is reportedly expected to make a significant announcement regarding a substantial downsizing of its workforce. The impending layoffs, which account for about 3% of its global workforce, will result in approximately 600 employees leaving the company. BlackRock to Implement Routine Layoffs The layoffs are being internally described as routine, aligning with BlackRock’s previous practices. In 2023, the company underwent a similar trimming of its workforce based on...

The number of merchants accepting Bitcoin has steadily been on the rise in tandem with its adoption curve. Data compiled by BTC Map revealed that the tally of merchants accepting the digital asset reached 6,126 by the end of 2023, marking a significant rise from the 2,207 recorded at the beginning of the year. As of January 8, the current count of merchants accepting Bitcoin stands at 6,332, experiencing a slight decrease from the peak of 6,590 observed in late September....

Custodia Bank CEO Caitlin Long claims there’s a “hidden risk” surrounding a handful of Bitcoin ETFs eyeing imminent launch in the United States, following BlackRock’s recently updated S-1 filing. According to the founder, sponsors may attempt to generate more profit from their funds using securities lending, which “can pose a lot of hidden risk to investors.” The Threat Of Securities Lending Long’s concerns swelled in response to an apparent race to the bottom on management...

Bitcoin (BTC) just reclaimed $47,000 for the first time since March 2022, shortly after multiple Bitcoin ETF applicants filed finalized updates for their S-1 forms with the Securities and Exchange Commission (SEC). As of Monday, Bitcoin is up 6.63% on the day, and over 10% since January 1. It trades for $47,130 at writing time. Over $136 million in shorts on crypto trades have been liquidated in the past 24 hours, according to Coinglass. That includes 124,000 traders, on...

Peculiar occurrences have unfolded just one week into 2024. In a bizarre turn of events within the crypto industry, an anonymous wallet spent 1.5 BTC to inscribe encrypted data onto the Bitcoin blockchain. Through 332 transactions, the wallet exhausted BTC equivalent to $66,000 at current market prices, embedding nearly 9 megabytes of encrypted data into the blockchain. Is this just a coincidental burst of activity, or is there a deeper motive at play? With the anticipation...

Bitcoin’s price is continuing its gradual rise toward the $48K resistance level following a few weeks of consolidation. While the trend lacks momentum, the price might be about to begin an aggressive rally higher. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been consolidating above the $40K level for the last few weeks. However, it is climbing higher, approaching the $48K resistance zone. Meanwhile, the Relative Strength Index is...

Argo Blockchain’s Nasdaq-listed shares (ARBK) experienced an 8.38% decline after the departure of its interim CEO and COO, Seif El-Bakly. According to data from the stock exchange, the drop saw the shares plummet to $3.50, significantly reducing the firm’s market capitalization to $183.7 million. Argo Blockchain Announces El-Bakly’s Departure According to the January 8 Operation Update report, El-Bakly, who had been at the helm of the company since February 2023 after the...

Garry Gensler, président de la Securities and Exchange Commission, vient de publier un fil Twitter s’adressant notamment aux investisseurs en « crypto asset securities ». L’information implicite à retenir c’est que l’approbation des ETF Bitcoin spot aux Etats-Unis est sans doute imminente. « Quelques éléments à garder à l’esprit si vous envisagez d’investir dans des actifs crypto :1. Ceux qui...

Matrixport has issued a warning predicting a 7% decline for Bitcoin in the next two weeks, citing that “one of its trading signals” has turned bearish for the first time since August 2023. This cautionary outlook from Matrixport follows previous statements by the company’s analysts, who anticipate that the U.S. Securities and Exchange Commission (SEC) will reject all spot Bitcoin (BTC) exchange-traded funds (ETFs) in January. Matrixport Issues Price Drop Warning In a blog...

Stellar lumen price is gaining pace below the $0.120 support zone against the US Dollar. XLM price is now trading below $0.120 and the 55 simple moving average (4 hours). There is a key declining channel forming with resistance near $0.1180 on the 4-hour chart (data feed via Kraken). The pair could extend its decline below the $0.1115 support zone in the near term. Stellar lumen price is trading below $0.1200 against the US Dollar, like Bitcoin. XLM price could...