Last Wednesday, 23 US Representative members, led by Jared Huffman (D-CA), forwarded a joint letter to Environmental Protection Agency (EPA) Administrator Michael Regan over cryptocurrency mining operations in the US. Rep. Huffman is the chair of the United States House Natural Resources Subcommittee on Water, Oceans and Wildlife and a member of the House Select […]
With the recent activities in the market, it has become evident that Bitcoin (BTC) and the stock market have begun moving in tandem again. On Friday, the benchmark cryptocurrency saw over 6% of its value chipped away within a few hours, falling to the $39,200 low, as the stock market exhibited similar momentum. The S&P […]
As Bitcoin (BTC) continues to struggle, the number of Google searches for the benchmark cryptocurrency has plummeted to its lowest level since late 2020. Meanwhile, the Bitcoin Fear and Greed Index has settled in “fear” territory, despite Bitcoin’s commendable performance over the past few days. While whale accounts continue to transact heavily with BTC, the […]
After dropping to the $38,560 low yesterday, following a prolonged consolidation around the $40,000 mark, Bitcoin (BTC) began to acquire a growing bearish sentiment over its near-term price action. However, many saw this dip as a good chance to stack up on BTC for less, and this strategy appears to have paid off over the […]
MicroStrategy CEO Michael Saylor has asserted that his company does not intend to slow down its Bitcoin (BTC) purchasing spree anytime soon. The Bitcoin proponent made the assertions in a letter addressed to company stockholders on April 14, ahead of the Annual Meeting of Stockholders scheduled for May 22. Saylor assured that the Nasdaq-listed corporation, […]
A recent study by Nasdaq shows that a significant proportion of financial advisors will increase their Bitcoin (BTC) investment and other crypto assets if the US Securities and Exchange Commission approves a spot Bitcoin ETF (exchange-traded fund). According to a press release sent by Nasdaq to Bitcoin Magazine, the study, which surveyed 500 financial advisors, […]
Delivering his speech at the recently concluded Bitcoin 2022 conference in Miami, Florida, PayPal co-founder Peter Thiel shared a list of what he called: “enemies stopping Bitcoin from rising 100x.” Thiel noted that the “enemies list [is] a list of people who I think are stopping Bitcoin.” He explained that “there’s a lot of them, […]
As Bitcoin (BTC) records a massive correction, it would seem that large whale addresses have seized the moment to purchase the benchmark cryptocurrency at a discount, as reports show that whales accumulated over 6,000 coins yesterday alone. This revelation came from CryptoQuant analysts. Meanwhile, popular crypto commentator Yu Shiuan Chen recently tweeted an insight into […]
MicroStrategy’s crypto subsidiary, MacroStrategy, has secured a $205 million Bitcoin (BTC) collateralized loan from Silvergate Bank through its SEN leverage program. Macrostrategy revealed that it would use the proceeds of the loan to purchase more Bitcoins. Silvergate Bank, the banking subsidiary of Silvergate Capital Corporation, revealed last week that it had agreed to one of […]
