After the recovery of one of the biggest loots in Bitcoin history by the US Department of Justice (DOJ), several commentators have voiced their opinions on how the recovered BTC fortune should get distributed. A recent Bloomberg report shows that the DOJ has received numerous filings by individuals laying claim to the recovered loot from […]
Last week, Bitcoin (BTC) made a solid attempt at the $46,000 barriers but failed to make meaningful use of this bullish charge after the Federal Reserve announced its inflation number on Thursday and has fallen into a sideways momentum. That said, the benchmark cryptocurrency currently trades down by 7% at $45,860 from its Thursday high, […]
JPMorgan Chase & Co. strategists have made some price projections for Bitcoin (BTC), as they argue that Bitcoin’s “fair value” should be 12% lower than its actual value. According to the team, led by Nikolaos Panigirtzoglou, the benchmark cryptocurrency is overpriced, and it should trade at $38,000. This projection is based on the assumption that […]
New reports show that KPMG Canada has joined the growing list of companies to add Bitcoin and Ethereum to its corporate treasury, in what the company described as a “first-of-its-kind investment.” The behemoth auditing and accounting firm, revered as one of the Big Four accounting firms, noted: “KPMG in Canada has completed an allocation of […]
The US Securities and Exchange Commission (SEC) has approved Valkyrie’s Bitcoin (BTC) Miners exchange-traded fund (ETF) to be listed and traded on the Nasdaq Stock Market with the ticker symbol “WGMI,” according to a filing published by the agency yesterday. The approval comes only a few weeks after Valkyrie applied with the SEC to list […]
The last 48 hours have been an interesting one for Bitcoin (BTC) and the cryptocurrency market and have greatly favored bulls. The benchmark cryptocurrency breached the $41,000 on Friday for the first time in two weeks pushing the broader market valuation up by over 10% in the last seven days. Interestingly, some factors played a […]
Environmental conservatives continue to bash Bitcoin, as they believe it poses a significant environmental threat. Environmentalists have criticized the network’s proof-of-work consensus mechanism considering the amount of energy it requires to execute its mandate. However, Bitcoin supporters have called out environmentalists for never criticizing the energy consumption of the US dollar and how it is […]
Despite suffering wave after wave of sell-offs in the opening month of 2022, the Bitcoin (BTC) market remains dominated by whale investors. Over the past hours, analytics platform Bitcoin Black Bot revealed that a whale account has moved 10,156 BTC (worth $396 million at press time) in block 721,242, with BTC trading at $39,000. Whale […]
You’ll agree with me that anxiety has taken control of cryptocurrency. Like always, Bitcoin is controlling the market. Despite the signs of its recovery, it can still fall lower. Going forward Bitcoin can rise to new heights this year. It can probably rise to $100,000…….. This rising could also propel other cryptos to higher heights. […]
