Lead JP Morgan analyst Nikolaos Panigirtzoglou has commented on when he expects the prevailing Bitcoin (BTC) bear run to end. In a recent interview with CNBC, the analyst asserted that Bitcoin would reenter a bull market once its market dominance exceeds 50%. Panigirtzoglou noted that: “A healthy number there, in terms of the share of […]
NYDIG and enterprise payments company NCR Corporation has just signed a partnership that would see 650 US banks offer Bitcoin (BTC) and crypto purchases to millions of customers. The new partnership got announced by a Forbes article posting on Wednesday highlighting details of the deal. After the rollout, financial institutions will have the capacity to […]
Due to the ongoing crackdown of Bitcoin (BTC) miners in China, the rate of newly-minted coins has dropped dramatically to 58 new coins daily, according to a report by Glassnode. Meanwhile, mining revenue has plunged to record lows over the last month, as the Bitcoin community fixates its focus on the upcoming difficulty adjustment. According […]
BTCC, the company behind one of the most prolific exchanges in Asia, has announced that it has ended its cryptocurrency-related operations. The company noted that it sold all its shares in the Singapore exchange ZG.com in May 2020. Most cryptocurrency exchanges quartered in China fled to other countries during the first crypto crackdown in 2017. […]
Cathie Wood, the founder, CEO, and CIO of Ark Invest, recently bought Bitcoin (BTC) on the last dip. Reports show that the investor bought over 1 million shares in the Grayscale Bitcoin Trust on Tuesday. Wood’s ARK Next Generation Internet ETF (ARKW) reportedly purchased 1,046,002 GBTC shares. This purchase brings the fund’s total GBTC holdings […]
According to local reports, the Iranian police have confiscated 7,000 illegally-operated Bitcoin (BTC) mining devices. The Tehran police chief, General Hossein Rahimi, noted that the machines got abandoned at a mining farm west of the capital. The IRNA, a local media house, added that this seizure of mining rigs is the largest in the history […]
Since its creation in 2009, the Bitcoin meteoric price rally remains a controversial topic across mainstream media. While many publications disregard BTC as a highly volatile asset and label its price action random, some data sets assert that the price movements get influenced by well-known metrics. According to data from Blockchain.com, a Reddit post, which […]
With the second quarter approaching an end and July just a few days away, Bitcoin (BTC) could enter a highly volatile period due to Grayscale unlockings. The impending unlocking from GBTC, which would arguably be the largest in Grayscale history, will occur in the middle of July as accredited investors will gain access to over […]
According to data from BTC.com, Bitcoin’s mining difficulty is on its way to post an 11.2% drop. According to the report, the Bitcoin network recorded two negative adjustments on May 30 and June 6 (16% and 5.3%, respectively), making this the third adjustment under 30 days. Mining difficulty, which gauges how hard miners find it […]
