Bullish Bitcoin maneuvers from El Salvador, Victory Capital and MicroStrategy saved the day by giving bulls a much-needed boost and balancing out Friday’s BTC options expiry. On Friday, June 11, a total of $565 million in Bitcoin (BTC) options are set to expire. This is significant because the last couple of weeks have been a …
Author archives: Adam Owen
Sotheby’s auction sets new world record for $11.8M CryptoPunk sale
“NFTs are dead,” said the previous owner of the COVID Alien artwork once the auction closed. Luxury auction house Sotheby’s made waves on social media on Thursday following the sale of one rare CryptoPunk. In a tweet from Sotheby’s, the auction said CryptoPunk #7523 — also known as “COVID Alien” — sold in its London …
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Bitcoin boon as US inflation hits 13-year high, wages fall to lowest in 21st century
It’s grim news for economists and a bittersweet advertisement for Bitcoin this week after the latest CPI report. Bitcoin (BTC) gained more free publicity this week as inflation data showed that prices are rising faster than even experts had anticipated. The latest Consumer Price Index (CPI) report on June 10 from the United States Bureau of Labor …
Dogecoin to the Moon: Everything You Need to Know About DOGE In 2021
Dogecoin is one of this year’s most notable cryptocurrencies. Year-to-date, it has risen in value by more than 13,000%, placing it among the seven largest coins by market cap. Here’s what you should know about Dogecoin, its future potential, and its risks. What Is Dogecoin? Dogecoin was created in 2013 by Billy Markus and Jackson …
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Bitcoin Price Prediction: BTC/USD Trades Below $38,000 Resistance
Bitcoin Price Prediction – June 10 The Bitcoin price is currently down with 1.21% after touching the daily high of $38,425 as it is now moving towards the $36,000 support. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000, $48,000 Support Levels: $30,000, $28,000, $26,000 BTCUSD – Daily Chart The daily chart …
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Ethereum 2.0 Contract Gains Another 1M ETH, Hitting a Total of 5.429M
The Ethereum 2.0 deposit contract has gained over 1M ETH since late April ETH2.0 deposit contract now holds 5.429 million Ethereum worth $13.697 Billion The Ethereum London hard fork is still on track for a July launch and one reason ETH investors keep staking their coins The London hard fork will introduce 5 Ethereum Improvement …
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El Salvador Engineers Dig New 95MW Geothermal Well to Mine Bitcoin
Engineers in El Salvador have dug a new 95MW geothermal well The new geothermal well will provide renewable energy for the mining of Bitcoin This is after the country’s President requested the power company of LaGeo, to offer facilities for Bitcoin mining El Salvador is the first country to acknowledge Bitcoin as a form of …
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China Arrests 1,100 People Allegedly Using Cryptocurrency to Launder Criminal Proceeds
Chinese authorities have announced that more than 170 criminal gangs have been eliminated and over 1,100 suspects arrested in the latest round of crackdown on criminal groups providing cryptocurrency money laundering services for telecom fraudsters. Crackdown on Telecom Fraud Using Cryptocurrency for Money Laundering The Ministry of Public Security of the People’s Republic of China …
XCarnival Secures $2 Million Seed Investment
Synthetic assets open up several opportunities for investors by not confining them to a specific location. If the concept excites you, there’s good news from XCarnival. Recently, XCarnival announced it has secured a two-million US dollar seed investment in its quest to reinvent synthetic assets in crypto. This investment was led by top crypto funds …
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El Salvador to Mine Bitcoin With Energy From Volcanoes: ‘100% Clean, 100% Renewable, 0 Emissions’
El Salvador has begun exploring bitcoin mining using energy from its volcanoes, President Nayib Bukele has revealed. “Our engineers just informed me that they dug a new well that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos,” he detailed. Bitcoin Mining Using Volcanoes’ Energy El Salvador President Nayib Bukele …
Major Cryptocurrency Exchanges Explore Entering Indian Crypto Market
Several major global cryptocurrency exchanges are reportedly exploring ways to enter the Indian crypto market. “The Indian market is huge and it is only starting to grow, if there was more policy certainty by now Indian consumers would have been spoilt for choice in terms of exchanges because everyone wants to be here,” said an …
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Google reversing crypto ads ban a testament to blockchain market maturity?
Since 2018, tech giant Google has been in an on-and-off relationship with crypto, but can the latest favorable outlook stick? The term “unpredictable” has almost become synonymous with the crypto industry at this point, as was on full display recently when technology juggernaut Google decided to un-ban digital asset exchanges from using its advertisement services …
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The global corporate tax rate: crypto savior or killer?
The newly proposed global tax rules will drastically influence all international companies, with crypto being a target as well. At a meeting in London earlier this month, the finance ministers from the G7 — the United States, Japan, Britain, Germany, France, Italy and Canada — unanimously agreed to begin creating the framework for a global …
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Bitcoin part of highest risk category in Basel’s new bank capital plan
The Basel Committee on Banking Supervision proposed tough requirements for banks that want to hold cryptocurrencies like Bitcoin. The Basel Committee on Banking Supervision (BCBS), a global committee of banking supervisors and central banks, has proposed new requirements for banks that want to hold cryptocurrencies like Bitcoin (BTC). In a consultation paper published Thursday, the …
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The female speakers who made an impact at Bitcoin2021 in Miami
There may not have been as many female speakers at Bitcoin 2021, but the women who presented were phenomenal. Here’s why. Dubbed as “the largest Bitcoin event in history,” Bitcoin 2021 consisted of 12,000 attendees from across the globe. Undoubtedly, Bitcoin (BTC) adoption is growing at an impressive rate. Yet judging by the attendance at …
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