Bitcoin digests US 'nightmare' CPI, jobs data as $60K hangs in balance

Bitcoin (BTC) is seeing new records in network activity as volatility sends BTC price action to fresh five-month highs.Data from resources including MiningPoolStats confirms that Bitcoin’s hash rate hit new all-time highs on Jan. 26.Hash rate passes 300 EH/s thresholdIn another example of Bitcoin’s blitz recovery from the pits of post-FTX woes, network hashing power…

If approved, retirement savers can allocate 20% of their savings portfolio to Bitcoin without the need to open a crypto exchange account. 713 Total views 20 Total shares The United States-based retirement plan provider Fidelity Investments will reportedly allow 401(k) retirement saving account holders to directly invest in Bitcoin (BTC).The new Bitcoin retirement investment plan would…

Novice traders are usually drawn to futures and options markets due to the promise of high returns. These novice traders watch influencers post incredible gains and at the same time multiple advertisements from derivatives exchanges that offer 100x leverage are at times irresistible for most. Although traders can effectively increase gains by recurring derivatives contracts, a…

“We are aware of the recent devaluation in the price of cryptocurrencies and remain confident that it does not threaten the island’s ability to become a crypto hub,” said Bermuda’s minister of economy and labor, Jason Hayward. 306 Total views 5 Total shares The Bermuda government is pushing on with its ambitious plans to become…

An SEC filing stated Safari Group shareholders could vote to give the company the option to extend the Bitdeer deadline up to four times until December 2023. 187 Total views 2 Total shares Bitdeer, a crypto mining firm spun off from China-based mining manufacturer Bitmain, may see its public offering on the Nasdaq delayed a…

Microsoft’s new device is designed to allow developers to write code for managing tokens in a manner that is blockchain agnostic. 427 Total views 4 Total shares American tech giant Microsoft has won a blockchain-related patent for techniques for implementing a cross-chain token management system.The United States Patent and Trademark Office (USPTO), the agency granted…

Swiss regulators have given the go-ahead for what is purportedly the country’s first fully compliant initial public offering (IPO) on a blockchain.Swiss blockchain firm Overture will launch a compliant IPO and offer ordinary class-A shares natively on the Ethereum blockchain, using smart contracts provided by Zug-based EURO DAXX (the European Digital Assets Exchange), a Jan.…

The Monetary Authority of Singapore says crypto exchanges in the country must comply with financial sanctions against Russia. 230 Total views 2 Total shares The Monetary Exchange of Singapore (MAS), ​​the country’s central bank and financial regulator, reminded all authorized cryptocurrency exchanges in the country to comply with financial sanctions in place toward Russia. This statement…

The price of Bitcoin (BTC) has been ranging between $9,800 and $10,500 for nearly a week after a short fall from almost $12,100 seen on Sept. 1. As BTC struggles to show any distinctive price movement, traders are generally cautious.Over the medium to long term, traders expect Bitcoin to recover and perceive the ongoing consolidation…