Tag Archives: Bitcoin News

Despite falling prices and the overall dying positions of the crypto space, bitcoin bull and gazillionaire hedge fund manager Mike Novogratz recently commented that bitcoin is still a solid asset that’s worth holding. Mike Novogratz Remains Loyal to BTC The crypto space has been suffering heavily over the past few months. The world’s number one digital currency by market cap, for example, reached a new all-time high of more than $68,000 per unit ten months ago in...

Phong Le – the new CEO of software giant MicroStrategy – explained in a recent interview that he was supportive of his predecessor Michael Saylor’s decision to buy bitcoin and add it to the company’s balance sheet. Phong Le on His Relationship with Saylor In recent headlines, Saylor announced he was stepping down from his position as CEO of the company he’s been running since 1989. Le will now take over as the new face of MicroStrategy while Saylor – who will not step...

Bitcoin price started a fresh decline below the $20,000 zone against the US Dollar. The price is now trading below $20,000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $19,550 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair remains at a risk of more losses below the $18,500 level in the near term. Bitcoin price is struggling below $20,000 against the US Dollar. BTC might extend...

Sam Bankman-Fried – crypto billionaire and head executive of FTX, one of the largest (and newest) digital currency platforms in the world – is spending millions of dollars on this year’s midterm elections. He has stated in recent interviews that he expects to spend more than $100 million, though people shouldn’t be surprised if he spends up to a billion. Sam Bankman-Fried: How Much Will He Spend? At the time of writing, Bankman-Fried has a net worth estimated to exceed...

North Korea and the United States are once again going at each other’s throats in the name of cryptocurrency activity. This time, it looks like the U.S. has put sanctions in place against North Korea-based crypto mixer Tornado Cash, which at the time of writing, is alleged to have laundered more than $7 billion in digital funds. North Korea Has Been Using Tornado for the Wrong Reasons North Korea has long been the subject of crypto speculation amongst North American...

Despite what appears to be an ongoing hatred for bitcoin and endless attempts to rid itself of the world’s number one digital currency by market cap, China still holds a rather strong position in the crypto market. China Still Hosts a Lot of Mining Just over a year ago, China shocked the world by announcing that it was going to end all bitcoin and crypto mining operations within its borders and it declared the process of extracting units from the blockchain illegal. The...

It looks like the Federal Reserve is in something of a giving mood. The agency has announced that with inflation in America coming to a sudden standstill, members are looking to scale back rate hike plans in the coming months. The Federal Reserve Could Stop Hiking Rates Initially, the Federal Reserve was planning to hold another big meeting in September. Now that the month has arrived, several bitcoin enthusiasts were probably shaking in their boots, as every time the...

Mike Novogratz and Galaxy Digital have always been there to support bitcoin. There’s no doubt about this, but has bitcoin been able to support them? Following the company’s recent Q2 reports, it appears BTC is abandoning both figures. Mike Novogratz Is Feeling the Burn Galaxy Digital is reporting that it lost more than half a billion in quarter two of 2022, nearly triple its losses for the same period in 2021. The company – which has become so tied to bitcoin – has...

A few months ago, Fidelity – one of the biggest retirement account firms in the world – announced that it was going to allow customers to put some of their retirement savings into digital currencies like bitcoin and Ethereum. Fidelity Rubs Senators the Wrong Way The news saw many traders and investors hitting the roof. This would surely make all crypto legitimate and mainstream, but it also rubbed a lot of people the wrong way, especially democrat senators. They scoffed...

A cryptocurrency muckraker is learning the hard way that fake DMCA takedowns can affect even the most basic material. Dirty Bubble Media – a newsletter hosted on Substack – has covered many shady elements of the crypto world for the past two years. The division has enjoyed heavy readership since its earliest days, but it was recently taken down over allegedly false claims of copyright infringement. Dirty Bubble Media Is Suffering This appears to be a recurring theme not...