Bitcoin (BTC)

A key technical indicator traders and analysts use to predict Bitcoin’s long-term price trends has reached an all-time high, suggesting a bullish outlook for the cryptocurrency’s future. Bitcoin’s 200-day moving average, which aims to smooth out short-term price fluctuations by taking the average of the last 200 days’ closing prices, hit $50,178 on May 6th, […]

In a surprising move on Monday, a Bitcoin whale awoke from over a decade of dormancy to transfer their stack worth tens of millions of dollars. This came amidst a steady Bitcoin rally over the weekend that saw the cryptocurrency’s price surge above $64,000. Bitcoin, the largest crypto asset by market cap, made a remarkable […]

Bitcoin network has officially surpassed one billion processed transactions. According to data published on Clark Moody Bitcoin, one billionth transaction was processed in block 842,241 at 9:34 pm UTC on May 5.  This achievement comes exactly 15 years, four months, and four days after the pseudonymous founder, Satoshi Nakamoto, mined Bitcoin’s first block on Jan. […]

Australia’s largest stock exchange — the Australian Securities Exchange (ASX) — is expected to approve the country’s first spot Bitcoin exchange-traded funds (ETFs) later this year, Bloomberg has reported, citing people familiar with the matter. The surge in spot Bitcoin ETF applications follows the approvals in the United States. The 11 spot BTC funds in […]

Spot Bitcoin exchange-traded funds (ETFs) saw crypto investors withdraw funds for the third day straight on April 26th, 2024. According to SoSoValue, over $83 million left the­se funds that day. The largest Bitcoin fund, GBTC, lost around $82 million alone­. Since becoming an exchange­-traded fund in January, GBTC has seen investors withdraw a massive­ $17 billion. Source: […]

On April 25, the price of Bitcoin (BTC) fell below $64,000, triggering widespread liquidations of long positions across the crypto market. The price drop is attributed to several factors, including the arrest of Samourai Wallet founders, escalating geopolitical tensions in the Middle East, and post-halving volatility. As of writing, Bitcoin is trading at $63,306, down […]

As early as Monday, Hong Kong is set to greenlight the launch of new exchange-traded funds (ETFs) that will directly invest in Bitcoin and Ether. This major development involves key financial players, such as an international branch of China’s Harvest Fund Management Co. and a partnership between Bosera Asset Management (International) Co. and HashKey Capital. […]

While some majors of Wall Street have welcomed cryptocurrencies, Goldman Sachs has expressed its intention to take a different approach. Sharmin Mossavar-Rahmani, the CIO (Chief Investment Officer) for the Bank’s Wealth Management unit, has warned against cryptocurrencies, stating that the industry is still young and insecure. However, Sharmin has been against cryptocurrencies for a long […]

Tether, the issuer of the largest stablecoin USDT, has announced the successful completion of  System Organization Control (SOC) 2 Audit Type 1, demonstrating its commitment to offering a secure user experience. The audit, developed by the American Institute of Certified Accountants (AICPA), is the highest level of security compliance an organization can achieve. Paolo Ardoino, […]