Two US lawmakers, Senator Elizabeth Warren (D-Massachusetts) and Senator Tina Smith (D-Minnesota) have questioned Fidelity Investments’ recent announcement to allow customers to put Bitcoin into their 401(k) retirement accounts. This questioning comes after the US Department of Labor tables similar concerns with the investment firm. The senators wrote a letter to the CEO of the […]
Bitcoin (BTC) recorded a surge after a streak of downward momentum courtesy of the US Fed interest rate decision announcement. The benchmark cryptocurrency tapped the $40,000 top for the first time since April 28. As expected, the broader market reacted similarly to the news, as the total market cap added 5.7% to its value yesterday. […]
Top executives in the cryptocurrency space have written to the US Environmental Protection Agency (EPA) to address falsities and preconceived notions surrounding Bitcoin (BTC) mining. Not surprisingly, the letter was authored by MicroStrategy CEO Michael Saylor, along with Castle Island Ventures partner Nic Carter and Core Scientific co-founder Darin Feinstein. This address comes after some […]
Following news that Fidelity Investment plans to create a Bitcoin (BTC) plan in its 401(k) retirement accounts, MicroStrategy CEO and vocal Bitcoin supporter Michael Saylor has commended the move, arguing that BTC is perfect for retirement and better than bonds. Speaking to CNBC on April 26, the pro-Bitcoin CEO argued that BTC is significantly better […]
The launch of Australia’s first Bitcoin (BTC) exchange-traded fund (ETF), originally scheduled for April 27, has been postponed, with reports faulting a third-party broker. Last week, ASX Clear (Australian Securities Exchange), the nation’s equity capital market regulator, green-lighted the application to launch the first BTC ETF in the country. This approval came after four market […]
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 […]
