Tag Archives: btcusdt

One of the largest supermarket chains in South Africa – Pick n Pay – reportedly enabled customers to settle their bills in cryptocurrencies, including bitcoin. The offering covers 39 of the company’s stores located across the country. The National Children’s Advocacy Center also hopped on the bandwagon, allowing people to donate digital assets. The Latest to Catch the Wave Pick n Pay hinted about the new payment option months ago when it trialed it in ten of its stores....

The largest BTC corporate holder – MicroStrategy – posted a minimal impairment charge of $727,000 on its bitcoin ownings in Q3, 2022 due to the relatively stable price of the asset during that period. The company purchased additional 301 coins between July and October, rounding up its total holdings to 130,000 BTC. The Q3 Results The American business intelligence corporation continued to follow its BTC agenda during the third quarter of 2022 and bought more bitcoin. As of...

Bitcoin initiated another leg up in the past 24 hours and charted a new two-month high. Several altcoins have also marked impressive gains in the past 24 hours, including MATIC, which tapped $1.2 earlier today. Bitcoin’s New Local Peak The primary cryptocurrency went through enhanced volatility at the start of the month, as CryptoPotato warned before, following events coming from the United States. At first, the Federal Reserve hiked the interest rate by 75 basis points,...

The popular Instagram influencer Jebara Igbara, also known as “Jay Manzini,” pleaded guilty to money laundering, wire fraud, and wire fraud conspiracy. He used the social media platform to promote various schemes to investors but, in fact, defrauded them with $8 million. In addition, Igbara told his followers he wanted to buy a huge amount of bitcoin and that authorized exchanges would not allow him to accumulate such a stash. He urged Instagram users to send him BTC,...

The US beat the expectations in terms of new nonfarm jobs reaching 261,000 such positions in October, rather than the estimated 205,000. Bitcoin reacted with immediate price fluctuations, dropping by a few hundred dollars before shooting up to a five-day high. CryptoPotato warned recently that there’re four major events coming at the start of November that could bring enhanced volatility to the crypto markets. The first – FOMC meeting – took place on Wednesday and the Federal...

Bitcoin’s short-term price action is still hanging in the balance, as it is currently consolidating in a key area. The next few days could determine whether the recent rally was really the beginning of a new bull market or just another bull trap. Technical Analysis By: Edris The Daily Chart On the daily timeframe, after breaking above the long-term bearish trendline and retesting both the trendline and $18K, the price has been trapped between two significant dynamic levels;...

After the recent v0.15.3. update to the Lightning Network, a critical security vulnerability was discovered by independent cybersecurity researchers that would potentially allow bad actors to stop lnd nodes from parsing transactions. A Lightning Network Daemon (lnd) is a full implementation of a Lightning Network Node, along with the services and plug-ins that allow it to connect to the rest of the Lightning network, a Layer-2 blockchain for Bitcoin that enables smart...

The Federal Reserve on Wednesday hiked its benchmark interest rate by another 75 basis points after its regularly scheduled Federal Open Markets Committee meeting.   As usual, Bitcoin experienced volatility upon the announcement, immediately soaring by over $200. The announcement, which happened at 18:00 UST on Wednesday, marks a new policy rate of 3.75% Markets expected a 75-point rise prior to the meeting but had priced in a roughly 10% chance of a 50-point rise. ...

Mohamed El-Erian – Chief Economic Adviser at Allianz – thinks bitcoin will never emerge as a global reserve currency, and its price will not surpass the $100K milestone. Still, he believes the cryptocurrency sector will survive the ongoing bear market and remain a vital part of “the ecosystem of payments.” Bitcoin Isn’t Going to the Moon In a recent interview for CNBC, El-Erian described bitcoin as a technological innovation that reached its peak (nearly $70,000 in November...

2022 has been quite painful for investors, with most assets dumping hard. The cryptocurrency industry is no different. Bitcoin, for example, is down by about 70% since its peak in November 2021. Gold, however, is often touted as the preferred hedging choice in times of uncertainty, high inflation, wars, etc. As such, one would assume that it has been this year’s top performer. Its price movements for the past seven months portray a different story. Gold’s 7-Month Red Streak...