Bitcoin price faces major ‘summer of 2021’ style correction despite BTC whale buying

Latin America’s largest investment bank Banco BTG Pactual SA is releasing its own blockchain-based security token, Bloomberg reported on Feb. 21.The token dubbed “ReitBZ” — which will be backed by distressed real estate assets in Brazil —  will reportedly enable the bank to provide its real estate business to international investors at lower costs than…

Korea's leading exchanges have agreed to form a new emergency system that will spring into action within 24 hours should another Terra-style collapse threaten to come to pass.Under the new system, exchanges will convene to respond to sudden adverse market effects, such as what happened with Terra in May.The agreement came after five of the…

Ukraine’s former prime minister Yulia Tymoshenko, who is currently running a presidential campaign for the March 2019 elections, wants to tackle corruption using blockchain, according to a recent Facebook post from Sunday, Dec. 9.Tymoshenko dedicated her post to International Anti-Corruption Day, stating that modern Ukraine is immersed in “total corruption.” She further explained that her…

Odyssey, the mainnet for the blockchain-based platform TRON, will be upgraded to version 3.6 soon, according to an official blog post by the TRON Foundation on June 18.The TRON network aims to be a platform for creating entertainment-focused decentralized applications (DApps). As stated in the post, developers can create DApps on both the TRON protocol…

The classic buy and hold, or HODL approach to Bitcoin (BTC) outperformed the majority of crypto funds by 68.8% in the first half (H1) of 2023. According to data from Switzerland-based investment adviser 21e6 Capital AG, on average, crypto funds generated returns of 15.2% in the first half of 2023 (Jan.1 to June 30) ,…

The total crypto market capitalization slumped from close to $238 billion on Nov. 18 to a low of about $189 billion on Nov. 22. That is a drop of just over 20% within four days. However, despite the sharp fall in prices, the Bitcoin miners remain unfazed as the hash rate on Nov. 23 was…

Facebook’s chief operating officer Sheryl Sandberg is in talks with the House Financial Services Committee to testify on Libra, Facebook’s stablecoin.Discussions on market power and LibraAccording to a Bloomberg article from Sept. 26, Facebook is currently trying to get its chief operating officer Sandberg in front of the House Financial Services Committee, perhaps as soon…

Bitcoin bulls' joy does not last long as new yearly highs get swapped out for a trip to new July lows. Bitcoin (BTC) continued snap volatility after the July 6 Wall Street open as yearly highs gave way to a comedown.BTC/USD 1-hour chart. Source: TradingViewBitcoin suddenly falls to new July lowsData from Cointelegraph Markets Pro…

Bitcoin (BTC) rewards shopping app Lolli has partnered with major American grocery chain Safeway to give customers 3.5% back in Bitcoin on all their purchases. Making Bitcoin ‘part of everyday life’According to a blog post announcing the new partnership on July 25, Safeway -- and Albertsons Companies’ subsidiary -- operates 894 locations across 17 American states. The…