Bitcoin (BTC)

In late July, the price of bitcoin endured a harsh dip after news came about that the Federal Reserve was on the verge of making another big (and tough) financial decision likely to affect Americans. Why Can’t the Federal Reserve Chill Out? For the most part, bitcoin had been trading above $30,000 in July, though things took a nasty turn following the announcement and the world’s number one digital currency by market cap slipped into the $29K range. Right now, it...

A dark web drug bust that utilized bitcoin and crypto has been taken down in Detroit, Michigan. The organization was run by Carolyn Hernandez-Taylor and her brother, and the former has already pleaded guilty to the charges against her. Carolyn Hernandez-Taylor Takes a Plea Deal FBI agents raided the home of her brother, where most of the duo’s activities took place. There, they found a clandestine drug lab and thousands of counterfeit Xanax pills. They also...

KuCoin’s most recent report focused on the crypto trends in Turkey estimated that 52% of the locals aged 18 to 60 have already invested in bitcoin or alternative coins. The figure was 40% in November 2021, indicating that Turks have shown great interest in employing digital assets as a hedge against inflation in the past few years. The country has been coping with severe economic issues as of late, seeing its national currency plunging to record levels against the US...

Crypto banking company BCB Group says it’s on the verge of offering instant USD settlements by the end of this year, thus bridging the gap between crypto and fiat even further. BCB Group is Powering Up Crypto and USD Deputy chief executive Noah Sharp commented in a recent interview: We’ve already tested the BLINC network on dollars with some pilot exchanges. We’ve already configured the technology to work for U.S. dollars, and we’re just waiting to enable it on...

A few days ago, the U.S. Court of Appeals for the D.C. Circuit ruled in favor of digital asset management company Grayscale Investments in its lawsuit against the Securities and Exchange Commission (SEC). The court ordered the agency to review its rejection of Grayscale’s application to turn its flagship Grayscale Bitcoin Trust fund (GBTC) into a spot Bitcoin exchange-traded fund (ETF). This caused an uproar in the community as crypto assets, including bitcoin (BTC), surged...

After several days of enhanced volatility, including a pump and dump for over $2,500 in each direction, BTC has finally calmed on a daily scale and stands close to its familiar ground of around $26,000. Most altcoins are also a lot less volatile now, with UNI being among the few with substantial increases over the past day. BTC Calms at $26K Several weeks of mostly sideways trading came to an abrupt halt on Tuesday when Grayscale recorded a massive court victory over the SEC...

A recent roundtable at Bitcoin Miami 2023 questioned if bitcoin is as slow and as inefficient as many analysts claim it is. Panelists also found themselves wondering what the role of crypto company Strike was when it came to the future of BTC. Bitcoin is Stronger Than Most of Us Think Bitcoin has often been dubbed an “outdated” token. While it was the initial form of crypto and gave birth to the digital finance arena, there are many assets that have emerged since...

Could the new bitcoin-based exchange-traded fund (ETF) application submitted by BlackRock really be a gamechanger for the crypto arena? According to some analysts, the answer is a resounding “yes.” The BlackRock ETF Could Really Change Things ETFs are nothing new. In fact, travel around the world and you’ll see many countries have permitted them, even the United States. The problem is that they are all based on other commodities such as oil, copper, etc. Very...

Bitcoin experienced an unanticipated decline from the $29K mark, leading to a substantial breakdown of the pivotal 100-day and 200-day moving averages. Following the bearish trend, how low can BTC go? Technical Analysis By Shayan The Daily Chart After plummeting from the $29K threshold, Bitcoin’s price dropped below the critical 100-day and 200-day moving averages, finding support amid the significant $25K level, where a bounce was initiated. This sudden upward surge was a...

The cryptocurrency market and its prices constantly evolve, with volatility and market sentiment changing rapidly. The impact of external factors, particularly government operations, is a subject of curiosity and concern. The unrealized loss in the U.S. banking system amounts to a staggering -$1.8 trillion, with a capital of only $2.2 trillion. While corporate taxes are due on Sept. 15, and there is a possibility of a government shutdown on Oct. 2, the average person is...