Tag Archives: BTCGBP

This was the most eventful week in many months, but, unfortunately, the end result was that $500 billion were wiped off the total cryptocurrency market capitalization. Terra’s ecosystem was at the forefront of it all, so let’s unpack. On May 9th, UST – the algorithmic stablecoin of the Terra ecosystem, lost its peg. It fell to about $0.95, but no one was prepared for what happened after that. On the following day, UST continued losing value as the Luna Foundation Guard...

Bitcoin’s price has now broken well below $30,000, touching down to $28,228 just moments ago. That’s Bitcoin’s cheapest price since January 4th, 2021, retracing some of the gains made in its early bull market. On Wednesday at 20:50 UST, Bitcoin’s price slipped from $29,000 to $28,228 within less than 5 minutes. The price remains at $28,551 at the time of writing, down about 8% on the day. The rest of the crypto market is also struggling with Ethereum barely holding $2000 as a...

A partnership deal between Jack Henry & Associates and New York Digital Investment Group (NYDIG) will enable community financial institutions to offer bitcoin services following increased interest from customers. Millions of American Customers to Trade Bitcoin Jack Henry and Associates (JHA), a leading technology solutions provider and payment processing firm, announced the collaboration with digital asset management firm NYDIG via a press release. The partnership will...

President Nayib Bukele of El Salvador has unveiled development plans for the country’s planned Bitcoin City shortly after the nation made its latest BTC purchase. Bukele Moving Ahead With Bitcoin City Project The El Salvadoran President showed pictures of the architectural model via a Twitter thread, saying, the “City is coming along beautifully.” While details were sparse, with no mention of a completion date, the leader of the Central American country noted that the city...

Adam Aron – CEO of AMC Theatres – revealed that cryptocurrencies and other digital payment methods accounted for more than a third of the online payments for the company during Q1, 2022. The largest movie theatre chain in the world accepts several digital assets, including Bitcoin, Ether, Litecoin, Bitcoin Cash, Dogecoin, and Shiba Inu. AMC’s Decision to Embrace Crypto Labeled a Success Last year, the entertainment firm jumped into the digital asset ecosystem by allowing...

More carnage swept through the crypto markets today, with another $300 million worth of trades liquidated within an hour. This happened as Bitcoin’s price plunged as low as $31,000 – its lowest level since July 2021. According to Glassnode, exactly $314.3 million in trades have been cleared within the last hour and $724.99 million within the last 24 hours. Interestingly, about half of the lost positions were on ETH trades ($154 million) while significantly less were lost on...

After consolidating above the $37K decisive level for a few weeks, Bitcoin was eventually rejected after another attempt at $40K and plunged below the key support following tremendous bearish momentum. BTC futures market has seen a massive long liquidation due to the recent bearish leg. Technical Analysis Technical Analysis By Shayan The Daily Chart Many retail investors have been buying Bitcoin around the $37K range, resulting in a lot of liquidity (sell stops) below the...

At the annual Berkshire meeting last week, Warren Buffett continued to balk at Bitcoin’s history-making ROI over the last decade. But the investing legend also gave advice to beat inflation which is precisely what makes Bitcoin so valuable. The investment news world has been filled with responses to Warren Buffett’s latest remarks heaping scorn on Bitcoin. The legendary investor took his notorious “rat poison squared” insult from 2018 a step even further. From the day Buffett...

Sunshine Tour – a professional golf tournament held in Southern and Eastern Africa – partnered with Luno to bring cryptocurrencies closer to the participants. Apart from prizes in fiat currency, the top golfers will receive awards in bitcoin. BTC Reaching the Golf Course The primary cryptocurrency keeps making its way through the sports industry. The latest such example came from the prestigious golf championship – Sunshine Tour. The tournament, based in numerous African...

After yesterday’s massacre, bitcoin slipped slightly more and dropped to another multi-month low. Most altcoins are in a similar position, with Terra losing the most value on a daily scale. In contrast, TRON, Algorand, and Monero have charted impressive gains. Bitcoin’s Latest Low It’s safe to say that bitcoin has seen better days, which weren’t all that long ago. In fact, the cryptocurrency had spiked toward $40,000 earlier this week, after the latest FOMC meeting, in which...