Bitcoin 4% dip may ‘panic’ short-term holders as price falls below average cost

A crypto lending platform still hopes to stay afloat, but experts doubt such probability. 140 Total views 2 Total shares Reducing your initial debt of $820 million to just $0.013 over a month can’t be easy. And, it’s hardly surprising that such a heroic dash has led Celsius to bankruptcy. Last week, the crypto lending…

“Most cryptocurrencies go to the SEC [...] Bitcoin and Ether would be certainly commodities, and that's agreed upon,” said the U.S. Senator from New York Kirsten Gillibrand. 655 Total views 6 Total shares Senators Kirsten Gillibrand and Cyntia Lummis believe that most altcoins would likely be considered securities under their proposed new legislation — but…

Young Americans are choosing crypto over mutual assets and ETFs to invest their stimulus checks. 389 Total views 15 Total shares A new survey has found that more than one in ten American citizens aged between 18 to 34 have invested part of their Covid-19 stimulus checks into crypto assets.Conducted by CNBC and research firm…

As the price of Bitcoin (BTC) crept up in recent months, it appears public interest in digital assets is once again on the rise. Newcomers to the sector these days have it far easier than those who joined in the earlier days. Since 2017, we have seen an inflow of institutional investment, increasing the availability…

Former Bitcoin Core developer Peter Todd has settled a defamation suit against a cryptographer who accused him of being a rapist. 506 Total views 17 Total shares Peter Todd, a former Bitcoin Core developer, has settled a defamation lawsuit against cryptographer Isis Lovecruft who accused Todd of being a rapist in a tweet posted in…

Artificial intelligence (AI) isn’t just generating lots of content these days, but equally, lots of excitement too. The rise of ChatGPT has led to the rapid adoption of generative AI technology in numerous industries, helping to answer people’s queries, create fresh content, book appointments, draw pictures, assist coders and much more.  The excitement around AI…

Bitcoin’s response to the CPI report was surprisingly muted.

Stablecoins continue to see increased adoption and expanded use cases due to low costs, transferability, and near-instant settlement times. Stablecoin issuer Circle and Intercontinental Exchange (ICE), the company that operates the New York Stock Exchange (NYSE) among others and provides clearinghouse services, are collaborating to explore stablecoin integration in ICE’s operations. The companies will explore

Bitcoin (BTC) bounced 19% from the $25,400 low on May 12, but has investor confidence in the market been restored? Judging by the ascending channel formation, it’s possible that bulls at least have plans to recover the $30,000 level in the short term.Bitcoin/USD 4-hour price at Bitstamp. Source: TradingViewDoes derivatives data support reclaiming $30,000, or…