Tag Archives: Bitcoin News

The trouble surrounding Silvergate Bank appears to be getting worse, and the company has attracted a lot of negative attention in recent weeks after it stated it has concerns about how well it can do in the future. Silvergate Is in Hot Water Silvergate is a crypto lender that lost billions of dollars in 2022 due to the ongoing volatility and market speculation. That year was easily the worst on record for crypto given how poorly assets did. Bitcoin, for example, lost...

In a podcast, the Coinbase Institutional team delved into bullish and bearish scenarios for Ethereum and Bitcoin as ‘Shapella’ approaches.  Ahead of the Ethereum Shapella Upgrade, Coinbase Institutional weighed in on the mainnet upgrade’s potential impact on Ether and Bitcoin (BTC). In a YouTube podcast, the team provided insight into whether April 12th’s much-anticipated upgrade would further spur the ongoing crypto rally. The Coinbase Institutional team also discussed the bear market...

The Mintlayer sidechain allows users to build a decentralized ecosystem on the Bitcoin blockchain, opening it up to DeFi, Smart Contracts, Atomic Swaps, NFTs, and dApps.  Bitcoin sidechain Mintlayer has announced the launch of a $4 million open-source development grants initiative and the start of accepting applications. The grants program launch is the “first major ecosystem initiative in Mintlayer’s long-term development” and is reserved for projects that will directly benefit the...

Earlier today, we published an article talking about a lawsuit between Alameda Research and Grayscale. The former is suing the latter and claims it’s holding roughly $9 billion in investment funds that can (and should) be going to its many customers. Grayscale Is Going After the SEC As it turns out, Grayscale is involved in a whole separate lawsuit against the Securities and Exchange Commission (SEC). Not long ago, the agency turned down the company’s application for a...

MicroStrategy is unrelenting with its Bitcoin purchases as it recently spend more than $29 million on over 1,000 BTC. MicroStrategy (NASDAQ: MSTR) has continued amassing more Bitcoin and has purchased an additional 1,045 BTC. The business intelligence firm announced it spent $29.3 million on the recent purchase, at an average of $28,016 per Bitcoin. According to a tweet from co-founder and executive chairman Michael Saylor, MicroStrategy’s portfolio now has 140,000 Bitcoins. The company...

All eyes are on bitcoin yet again as Jerome Powell – the man in charge of the Federal Reserve – said in a recent interview that his office is not above faster, larger rate hikes in 2023, and that they could come sooner than most people anticipate. Bitcoin Could Suffer with More Rate Hikes There is great fear of more rate hikes given they swarmed 2022, a time that was extremely bearish for bitcoin. Inflation was soaring and the economy was in dire straits thanks to the...

Alameda Research – an affiliate of the now defunct crypto exchange FTX – is suing Grayscale, the world’s largest bitcoin trust. The company claims Grayscale is unlawfully holding investments and refuses to unlock them so customers can receive due payments. Alameda Research Is Suing Grayscale Alameda was at the center of controversy several months ago when it was alleged Sam Bankman-Fried – the man behind both that firm and FTX – used customer funds from the latter firm...

Bitcoin price is trading in a positive zone from the $27,200 support against the US Dollar. The price is now trading above $27,500 and the 55 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $28,250 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $28,850 resistance zone. Bitcoin price is rising from $27,200 against the US Dollar. BTC might...

The state of Connecticut is freaking out over how much crypto fraud has occurred through its growing network of bitcoin and digital currency ATMs. Thus far, millions of dollars have been stolen from multiple residents, many of whom are over the age of 60. Connecticut Is Concerned About Crypto Fraud The crypto space is largely unregulated, meaning whatever money gets stolen from one’s account will likely be gone forever unless law enforcement agents can jump on the matter...

Bitcoin and Ethereum took some nasty dips in early March due to negative news surrounding popular digital currency bank Silvergate Capital. Silvergate Has Sent Ripples Throughout the Space The company announced a net loss of more than $1 billion, and other crypto-based companies – like Paxos and Coinbase – were quick to step away from it and cut off all business with the firm. In addition, Silvergate stock fell by more than 60 percent. The good news – according to...