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 […]
Bitcoin (BTC) has cleared another peak achievement after the network recorded its highest mining difficulty since its inception. Satoshi Nakamoto, the pseudonymous Bitcoin founder, installed the mining difficulty feature to implement a 10-minute mining block time difference and a two-week mining difficulty readjustment program called the difficulty adjustment algorithm (DAA). Mining difficulty is the term […]
The ongoing conflict between Russia and Ukraine has drawn a lot of attention to Bitcoin (BTC) and the cryptocurrency industry as a whole. On one hand, the Ukrainian government has turned to crypto as its preferred tool for donations because of its universal and borderless nature, and the transparency cryptocurrency brings to the donation space. […]
Latest reports suggest that El Salvador Will suspect launching its Bitcoin (BTC) bond amid the prevailing unfavorable conditions in the broader market. The announcement came from El Salvador Finance Minister Alejandro Zelaya earlier today. The Central American nation had hoped to release the Bitcoin-backed bond this month in conjunction with Bitfinex and Tether but has […]
Cryptocurrency exchanges continue to record large outflows as reports show that $1.8 billion worth of Bitcoin (BTC), Ethereum, and Tether have recently left the market. Analysts have pointed at the extreme fear in the market as the catalyst for this outflow. Ethereum posted the highest outflows, with $748 million worth of ETH leaving centralized exchanges. […]
Bitcoin (BTC) has reacted positively, surprisingly, to the US Federal Reserve’s recent rate hike, as the benchmark cryptocurrency tapped $41,470. The US Fed raised its interest rate to 0.50%, its first rate hike in four years. The Fed’s decision comes after the Bank of England (BoE) raised rates by 25 basis points (bps) along with […]
