Bitcoin (BTC)

Bitcoin kept climbing yesterday and registered a new three-week high at just over $45,000. On a daily scale, though, most alternative coins have lost some traction, but the crypto market cap has reclaimed the coveted $2 trillion mark. Bitcoin Touched $45K Bitcoin’s price trajectory in the past several days has been predominately upward. The asset scared the bulls on Monday that it could dip below $40,000 for the first time in a week, but they regained control over the market...

Much like people can scarcely go a day without hearing about global conflict, the pandemic, or the rise of mega-companies such as Tesla, the same is true for crypto. The hype around crypto all started several years ago when Bitcoin first began to experience atmospheric growth, and ever since, talk of cryptocurrency has become a common occurrence. This is interesting considering that the technology behind crypto isn’t exactly easy to understand for the average person, but...

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The Australian Competition & Consumer Commission (ACCC) is suing Meta – previously known as Facebook – over a series of crypto scam advertisements that used the likenesses or images of famous individuals to allegedly promote certain products and suck traders in. Australia Files Suit Against Facebook One of the ads featured Australian public figures like Andrew “Twiggy” Forrest and businessman Dick Smith. Both have tried filing separate cases or pressing charges...

The largest Canadian Bitcoin ETF is hitting back-to-back all-time highs with respect to its BTC holdings as inflows intensified. Purpose Bitcoin ETF Sees Huge Infusion Of Capital Citing data from the blockchain intelligence platform, Glassnode, market analyst Jan Wüstenfeld revealed that Purpose Bitcoin ETF currently holds more than 36k BTC, meaning a 23% increase in holdings YTD. The exchange-traded fund concluded with an AUM of 34.07k BTC last week, adding more than 2k BTC...

Bit.Store – a crypto investment social platform – is unveiling a new prepaid credit card linked to crypto that will allow users to purchase goods and services with digital assets. Bit.Store Establishes New Credit Card Linked to Crypto The card is being powered by Alchemy Pay, a leader in the crypto payment sector, and it can be used at over 50 million retailers and companies throughout the world given its Mastercard status. It will also be compatible with applications...

Washington and the broader electorate in the United States are sharply divided along partisan lines. But there may be scope for finding common grounds with regard to the upcoming crypto bill. Republican Senator and long-time Bitcoin supporter Cynthia Lummis has received support from New York Senator Kirsten Gillibrand for the much-awaited crypto legislation. A member of a Democratic Party, Gillibrand, has revealed working with Lummis on the drafting of the bill that is...

Janet Yellen – Secretary of the US Treasury and former Fed Chair – recently discussed cryptocurrency’s benefits, risks, and relationship with Russia on CNBC’s Squawk Box. While she recognized the industry’s growth, she also noted numerous risks it poses to both consumers and the financial system. Regulating the Risks In conversation with Andrew Sorkin, Yellen was asked about her thoughts on Russia’s willingness to accept Bitcoin for oil exports. This is part of the nation’s...

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It’s been an interesting week in the cryptocurrency space, and finally, we saw some green. The market recovered the coveted $2 trillion total capitalization mark as the majority of the cryptocurrencies charted considerable gains. All in all, the total market cap is up by some $200 billion in the past seven days. Bitcoin surged by 8.4% over the same period and tested the important technical resistance at $45,000. This is the third time the cryptocurrency is coming against this...