Bitcoin hits 5-month high as bulls push BTC above $23K


Bitcoin hit highs of $23,342 on Binance, with a breakout above $22k extending year-to-date gains. BTC price is up 30% in a month and has recovered 47% since the decline to $15,500 lows. Short liquidations were around $376 million in the past 24 hours. Bitcoin price roared to highs above $23,000 on Saturday morning, rising

Bitcoin faces $15K crash as US sparks ‘financial meltdown’ — Arthur Hayes


Bitcoin will be just one of the risk assets which “crater” as the Federal Reserve is forced to abandon quantitative tightening in future, the ex-BitMEX CEO warns. In his latest blog post released on Jan. 19, Arthur Hayes, the former CEO of BitMEX exchange predicted a “global financial meltdown” thanks to future United States economic

‘Fear of the unknown’ holds back tradfi investors from crypto — Bloomberg analyst


Bloomberg crypto analyst Jamie Coutts believes it’s a “missed opportunity” that traditional asset managers choose not the educate themselves on crypto. Jamie Coutts, Crypto Market Analyst for Bloomberg Intelligence argues that “falsehoods” and “fear of the unknown” is what has been holding back traditional portfolio managers from investing in cryptocurrency. Speaking to Cointelegraph during the Australian

Ethereum hits 8-month highs in BTC as money heads for ‘riskier’ altcoins


Liquidity is strong on alt markets as Bitcoin gives way to Ethereum after a battle which has raged throughout 2022. Ether (ETH) is worth more in Bitcoin (BTC) than at any time since the start of the year amid renewed appetite for altcoins.ETH/BTC 1-day candle chart (Binance). Source: TradingViewAltcoin market cap returns to $700 billioData

Bitcoin daily mining revenue slumped in May to eleven-month low


Bitcoin miners have had a tough month, with revenue and profitability tanking in May. Hash rates remain high, however. Bitcoin (BTC) mining revenue and profitability have continued to slide along with the asset’s price this year as the crypto winter deepens.May has been one of the worst months for Bitcoin miners in the past year…

Bitcoin Price Regains Strength Above $41K, Crypto Market Cap Jumps 6% in 24 Hours


Crypto assets have climbed in value during the last 24 hours as the price of bitcoin tapped a high on Friday, reaching $42,411 per unit at 8:00 p.m. (EDT). The entire market capitalization of all 10,000+ crypto assets is $1.64 trillion on Saturday, up over 6% during the last day. Bitcoin Climbs Over 20% This…

Green energy-focused Bitcoin miner Hive joins North American mining pool


Hive aims to take advantage of the east-to-west shift in Bitcoin mining power after regulators in China have renewed efforts to crack down on the industry. Following its approval for a Nasdaq listing, Canadian Hive Blockchain Technologies has bought more than 3,000 Bitcoin (BTC) mining rigs to get involved in the Bitcoin mining shift from…

Bitcoin’s Price Regains Some Losses, Signals Still Show Indecisive Crypto Markets


Digital currency market prices have been dropping during the last few days as the crypto economy now rests at $1.53 trillion in value. Crypto trade volumes have increased a hair on Sunday, and a few crypto assets have seen decent percentage gains over the course of the last seven days. Crypto Market Prices Consolidate While…

Almost half of Bitcoin hash rate signaling for Taproot activation


Major Bitcoin miners have begun signaling for Taproot activation that will improve scalability and privacy for the largest crypto by market capitalization. The road to the Taproot upgrade finally coming in 2021 is already underway with major Bitcoin (BTC) mining pools already signaling support.According to data from, a webpage created by Bitcoin developer Hampus…

Indictment Order Issued Against Leaders of the Geek Group for Their Role Using BTC in an Illegal Money Transmission Business


A U.S. District Court has indicted three individuals behind the now-defunct Geek Group for their role in running an illegal money transmission business that used bitcoin to move funds across states. According to the indictment documents, it was Christopher Allan Boden then president of the Geek Group, who “sold bitcoin to numerous customers, in exchange…

Report: Bitcoin Mining Firm Northern Data AG Plans for a $500 Million IPO


While the public prepares for the upcoming Coinbase public offering, the mining firm Northern Data AG is reportedly planning to go public as well. Sources say that the mining business is in talks with Credit Suisse Group to launch an initial public offering (IPO) in the United States. Report: Sources Say Northern Data AG IPO…

Bitcoin for Corporations- Michael Saylor Expects an ‘Avalanche’ of Firms to Own Bitcoin


This week the firm Microstrategy held an event called “Bitcoin for Corporations” which looks at concepts like macro strategy, corporate playbooks, and legal considerations toward bitcoin. Prior to the event, Microstrategy CEO and bitcoin bull, Michael Saylor, said “professionals from more than 1,400 firms” would join the event. At the conference, Saylor was bullish on…

Multibillion Dollar Fund Manager Ruffer Sees Long Trend of Institutional Bitcoin Adoption


British investment management firm Ruffer has revealed that its bitcoin holdings now account for about 3% of its entire portfolio of approximately $29 billion. The firm believes that we are “at the foothills of a long trend of institutional adoption and financialization of bitcoin.” A Long Trend of Institutional Bitcoin Adoption Ruffer provided an update…

Bar owner selling his New York bars for cryptocurrency


Patrick Hughes, an owner of two bars in Hell’s Kitchen has put both setups for sale in exchange for cryptocurrencies The crypto enthusiast offered to sell two of his restaurants i.e. Hellcat Annie’s and Scruffy Duffy’s in the Manhattan neighbourhood for Bitcoin. The businesses have been managed by his family for over 5 decades now.…

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