As BTC Jumps 6% From Recent Lows, a Big Move Is Coming, What Will the Price of Bitcoin Be?
The market capitalization of all cryptocurrencies is $821 billion as of Sunday, November 20, down 1.93% from the previous day. DeFi coin market capitalization has dropped by 1.83%. The most popular cryptocurrency, Bitcoin, has mostly not altered since hitting a low of $15,828 and is currently up 6%. There hasn’t been any movement in Bitcoin […]
US Senators Ask The $4.5 Trillion Investment Company Fidelity to Reconsider Its Exposure to Bitcoin
In the wake of the FTX collapse, US Senators have asked the $4.5 trillion investment company Fidelity to reconsider its exposure to bitcoin. Three US senators urged Fidelity Investments, a significant provider of financial services, to reconsider opening workplace retirement plans to bitcoin (BTC). Senators Richard Durbin, Elizabeth Warren, and Tina Smith of the […]
Russian Lawmakers Want to Establish a Government-Run Cryptocurrency Exchange
A scheme developed by Russian legislators might result in the establishment of a state-run cryptocurrency exchange. Members of the State Duma, the Russian parliament, have reportedly “started to write a draft amendment” that calls for “establishing a national crypto exchange in Russia,” according to Vedomosti. According to a “source close to the State Duma,” discussions […]
Binance Has Over $39 Billion Worth of BTC
In response to a now-deleted tweet from the CEO of Binance, Coinbase’s CEO reveals that the company has over $39 billion worth of bitcoin. Brian Armstrong, the CEO of Coinbase, has disclosed that his business has crypto reserves, including over 2 million BTC worth roughly $39.9 billion, as major crypto exchanges step up their attempts […]
Core Scientific Reports A $400 Million Quarterly Loss; Impending Bankruptcy?
Core Scientific, a company that mines bitcoins (BTC), may be the next to file for bankruptcy after reporting a third-quarter loss of more than $400 million. The business, which is regarded as the largest publicly traded Bitcoin miner in the US, has now lost a staggering $1.7 billion for the year as a result of […]
Arweave Gains Over 35% In A Week, Bitcoin Price and Ethereum Price Hold Critical Support
A significant support level of $21,000 was broken by the steep decline in the price of Bitcoin. Similarly, Ethereum dropped more than 2% and reached $1,566 to complete a 61.8% Fibonacci correction. Asia on Monday saw declines in US stock futures, cryptocurrencies, and commodities following Beijing’s declaration that it has no intentions to alter its […]
More Than 1% of the Total Supply of Bitcoin Is Owned by The US Government; Will They Dump It?
More than 214,000 bitcoin (BTC), or more than 1% of the cap on the total production, are now held by the US government. Following a government revelation on Monday that it had recovered more than 50,000 BTC connected to the illicit internet market Silk Road, the new milestone was attained. The US Department of Justice […]
Russian Central Bank Sees Fit to Integrate “Digital Assets” Into Financial System
In a recent paper, the Central Bank of Russia (CBR) examined digital assets and discussed potential integrations of the new technology into the country’s established financial system. A 32-page public consultation study titled “Digital Assets in Russian Federation” was released by the central bank of Russia on Monday. It made comparisons between the new technology […]
Long Way to Go Before Crypto Becomes Mainstream, Says Mastercard CEO
Before bitcoin (BTC) and cryptocurrencies in general to become widely used, according to Mastercard CEO Michael Miebach, a number of factors must align. When the CEO of Yahoo Finance was asked if a day will come when everyone would be making payments in bitcoin, Miebach acknowledged that it was a possibility. In response to the […]
What Does PayPal Q3 Revenues Surpass Estimates Mean for Crypto?
PayPal, an online payments business, reported third-quarter net revenue of $6.85 billion, above the market’s forecast of $6.82 billion. The robust income indicates that digital payments services are continuing expanding, which may be good for cryptocurrencies. According to the company’s quarterly release, the payments industry major saw a rise in sales of 11% year over […]
