Tag Archives: BTCEUR

Kraken’s generated trading volume for the past 24 hours increased by almost 15%. The surge contrasts with the company’s issues prompted by the recent SEC investigation and the consecutive termination of staking services. Data extracted from CoinMarketCap and CoinGecko revealed that Kraken’s 24h trading volume stands at around $757 million, or a 14% increase. Based on numerous factors, including average liquidity, volume, and Web traffic, the company collects a score of 7.4...

The market has struggled to push above the significant resistance level of $25K, and now the price is slowly declining. Therefore, the possibility of a correction before the next rally has increased. Technical Analysis By Shayan The Daily Chart The $24K-$25K region is currently providing the most significant resistance for Bitcoin on the daily timeframe. It’s also a vital psychological level, as it has been the main barrier during the last eight months. However, due to the...

The US-based cryptocurrency miner TeraWulf produced 157 BTC in January, a 25.6% increase compared to December.  Snow blizzards towards the end of 2022 crippled its operations and increased electricity bills. The weather normalized in January, hence the better production results. Expansion Plans for 2023 TeraWulf boosted its mining activities with an increased number of machinery last month. It received 6,100 miners from Bitmain, bringing the total to 18,000. Additional 15,900...

The US-based cryptocurrency miner Riot Blockchain produced 740 BTC last month, a 62% increase compared to January 2022 and a new monthly all-time high for the company. The positive start of the year contrasts the disappointing production levels and shrinking revenue towards the end of 2022. Hitting an ATH Despite experiencing issues with its mining fleet, Riot produced a record amount of bitcoin in January – 740 BTC. CEO Jason Les revealed that the recent winter storms in...

The start of the year has been highly positive for bitcoin and the entire cryptocurrency market, with BTC exceeding $24,000 for the first time since August 2022. This came after a months-long bear market and untypical price stability at the end of last year when the asset stood helplessly below $17,000. Somewhat expectedly, though, the price increase has caught the attention of retail traders. Retail Investors Back at it 2022 turned out to be one of the worst years for...

A study conducted by the financial consultancy firm – deVere Group – estimated that 82% of clients with over $1.2 million worth of investable assets sought advice on cryptocurrencies in the past 12 months.  The significant interest came in spite of the broad market slump and the countless scandals and bankruptcies that happened in 2022. Crypto Seems Highly Popular Among the Rich According to the study, approximately eight out of ten high net worth (HNW) customers of deVere...

Wybo Wiersma – a 40-year-old Dutchman who studied at Oxford’s St Cross College – will serve a 54-month prison sentence for stealing £2,156,000 (more than $2.6 million) using a cryptocurrency scheme. UK detectives linked the scam to the man who used the pseudonym Norbert van den Berg in his malicious website and university coursework. ‘Greed and Dishonesty’ Behind the Scam Judge Michael Gledhill KC ordered Wiersma to spend four and a half years in prison for his offense. The...

American business intelligence company MicroStrategy has recorded another quarterly loss after calculating the value of its Bitcoin portfolio. According to a Bloomberg report, MicroStrategy recorded a net loss of $249.7 million, narrowed down to $21.93 a share, in Q4 2022. The firm’s revenue declined by 1.5% to $132.6 million, going lower than the estimated drop. MicroStrategy Records $198M Impairment Charge  The Virginia-based company incurred an impairment charge of $197.6...

Bitcoin miners located in Texas reportedly suffered severe disruption of their operations due to a blizzard that battered the region. The extreme weather conditions prompted them to switch off their machines to preserve the local power grid.  The Cold Winter in Texas Surprised Crypto Miners As reported by Bloomberg, the ice storm that hit “the Lone Star State” damaged some of the equipment of the domestic bitcoin miners. Electricity consumption surged significantly due to the...

Marathon Digital Holdings – one of the leading bitcoin miners – mined 687 BTC in January 2023, a 45% increase compared to the last month of 2022.  However, the company shifted from its non-selling strategy, parting with 1,500 BTC to cover operational expenses. Change of Plans Marathon started the year by producing 687 BTC in January, a significant increase compared to 475 BTC in December 2022. Fred Thiel – Chairman and CEO – explained that the better results resulted from the...