A week ago, Bitcoin (BTC) bulls had a $715 million advantage in profit for November 12 options expiry, with the price above $68,000. With most call (buy) options set to expire on November 19, this advantage has swung in favor of bears since the recent crash to the $59,000 area. Bears took the lead thanks […]
Bitcoin (BTC) suffered a >8% crash on Tuesday, despite previously recording a successful network upgrade. The primary cryptocurrency bottomed at the $59,000 low earlier today, effectively erasing all the gains recorded in November. Additionally, BTC has dropped by 11.75% over the last seven days from a record high of $69,000 on November 10. Meanwhile, the […]
The United States Securities and Exchange Commission (SEC) has, yet again, rejected the spot Bitcoin (BTC) exchange-traded fund (ETF) presented by VanEck. This decision comes after several weeks of delayed approval on the product by the SEC. VanEck has presented several spot BTC ETFs to the watchdog over the past several years but has had […]
Yesterday, a forgotten Bitcoin (BTC) whale wallet that had remained dormant for over eight years recorded activities for the first time since its creation. According to Btcparser.com, the behemoth account spent 2,207 BTC, worth $147 million (using $69,000). The address, created on July 10, 2013, contained a total of 2,207.6 BTC and moved its entire […]
Giant payment solution company Square Inc. recently reiterated its loyalty to Bitcoin in its newly-released Q3 earnings report last Friday. The payments company revealed that Cash App, its payment platform, generated $1.8 billion in BTC revenue in Q3, 2021. That said, the company’s valuation has rallied to a robust $110 billion. During the earnings call, […]
New York City Mayor-elect Eric Adams recently explained his decision to receive his first three paychecks in Bitcoin (BTC) and make NYC the “center for innovation and cryptocurrency” in an interview with CNN Business Sunday. The host asked Adams if he “Would you encourage businesses in New York City to accept bitcoin or other cryptocurrencies?” […]
Giant payment solution company Square Inc. recently published its earnings report, highlighting some positive Bitcoin (BTC) figures. In its Q3 2021 Shareholder Letter, Square reported total net revenue of $3.84 billion in the third quarter, a 27% from the same time last year (YoY). Meanwhile, the company generates its Bitcoin revenue from its mobile payment […]
More and more US mayors have indicated an interest in receiving their salaries in Bitcoin (BTC). At press time, at least three mayors and one mayor-elect have agreed to collect their next paychecks in BTC. The first mayor to toe this line was the mayor of Miami, Florida, Francis Suarez, who tweeted last Tuesday that: […]
Bitcoin (BTC) traded within a sideways range between $62,000 and $63,000 over the past week, amid echoes of crypto regulatory talks, following the recent BTC exchange-traded fund (ETF) launch in the US. Meanwhile, data from analytics provider Glassnode suggests that BTC HODLers have refused to liquidate their holdings despite the recent price rally. The platform […]
