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Bitcoin Mining Rigs-Backed Loans Underwater: Ethan Vera

Bitcoin (BTC) has dropped by an additional 21% over the last two weeks with miners suffering a serious backlash from the crash. Now, a recent report from Bloomberg shows that several loans backed by mining rigs are in distress. CFO and co-founder of Luxor technologies, Ethan Vera, estimated that about $4 billion worth of mining […]

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China Amps-Up Anti-Crypto Campaign as Bitcoin Struggles with $20,000

As the crypto market valuation tanks under the $1 trillion mark and Bitcoin (BTC) struggles with the $20,000 mark, China has heightened its anti-Bitcoin campaign. State-run Chinese newspaper Economic Daily recently advised Bitcoin investors to adopt extreme caution as it predicted that the benchmark cryptocurrency is “heading to zero.” This misinformation comes as an ongoing […]

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Paxful Report: Nigeria Ranked Among Highest Bitcoin Volume Providers Despite CBN Restrictions

Cryptocurrency exchange Paxful recently reported that Nigerians ranked among the highest in Bitcoin (BTC) trading over the last seven months. This was despite the existing restrictions by the Central Bank of Nigeria on crypto transactions within the country and falling prices. In its report dated June 20, 2022, Paxful revealed that crypto transaction volume by […]

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Bitcoin Loses $20,000 Base as Crypto Market Bloodbath Persists

Bitcoin (BTC) and the crypto market are in a race to the bottom as waves of sell-offs continue to erode massive value from the industry. The last 24 hours have been one of turmoil for the crypto market, with liquidations running in the hundreds of millions. BTC surrendered the critical $20,000 base yesterday, slumping to […]

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Blackrock CIO Rieder Defends Bitcoin and Crypto Durability Despite Ongoing Crash

Chief investment officer (CIO) of global fixed income at Blackrock, Rick Rieder, remains bullish on Bitcoin and cryptocurrency despite the ongoing carnage ripping through the crypto market. Block rock is the world’s largest asset manager with a whopping $10 trillion in assets under management (AUM). The Blackrock executive made some bullish comments and projections for […]

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Bitcoin Slumps Below $21,000 as Investor Fears Over Tightening Policies Grow

Bitcoin (BTC), and the broader crypto market, suffered a horrendous meltdown on Monday, shedding over 10% off its value amid expectations of an even more aggressive Federal Reserve rate hike prospect as inflation rages. The benchmark cryptocurrency slumped to the $20,800 low in the Asian session on Tuesday but pared back some of its losses […]

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PWC Survey Shows Boost in Crypto Investments by Traditional Hedge Funds

One of the “Big Four” accounting firms, PWC published some notable forecasts for Bitcoin and the cryptocurrency market in its “4th Annual Global Crypto Hedge Fund Report” last week. This report had shared input from the Alternative Investment Management Association (AIMA) and Elwood Asset Management. The report was the result of a survey carried out […]

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Bitcoin Long-Term Holders Remain Loyal, Refuse to Dump Despite Bearish Winter

On-chain reports show that Bitcoin (BTC) investors continue accumulating more coins despite the persistent downtrend. The benchmark cryptocurrency currently trades over 50% lower from its all-time high of $69,000. Many analysts argue that the recent increased BTC accumulation could be an early pointer to an imminent bull run. The latest report from on-chain analytics provider […]

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Bitcoin Sell Pressure Sponsored by US Session Traders: Arcane Research

New reports show that Bitcoin (BTC) suffered most of its selling volume since April in the US session. Active traders in the US session are majorly responsible for the selling pressure seen in the market, while Asian traders are responsible for the opposite. According to the report, Asian session traders mostly pump the digital currency […]

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Department of Labor Getting Sued for Its Position Against Crypto in 401(k) Accounts

A retirement company has sued the US Department of Labor (DOL) and Secretary of Labor Martin Walsh over the agency’s Compliance Assistance Release No. 2022-01 guidance. This guidance, titled “401(k) Plan Investments in ‘Cryptocurrencies,” was introduced to prevent retirement investment providers from offering crypto plans on March 10. The lawsuit by Forusall Inc. argues that […]

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Author : Michael Fasogbon

Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.

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