Bitcoin shorters ‘likely to get burned’ if CPI prints as expected
An analyst warns that a lower CPI could squeeze Bitcoin short sellers, while a higher-than-expected CPI might lead to a Bitcoin sell-off.
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Ethereum Topped Bitcoin In Network Daily Fees Over Weekend
Daily Ethereum network fees have surpassed those of the Bitcoin network and the gap is growing, recent data suggests. 1196 Total views 32 Total shares Daily Ethereum network fees surpassed those of the Bitcoin (BTC) network for two consecutive days on June 6 and June 7, data obtained by on-chain market analysis firm Glassnode shows.According…
Banks cautious about crypto ahead of COVID-19 testimony before US Senate
CEOs of major American banking institutions are heading to Washington to face legislators' questions about how they will aid a post-pandemic economic recovery. 1612 Total views 6 Total shares Major Wall Street bank executives will appear before the United States Senate Banking Committee on Wednesday to discuss the role of their financial institutions in the…
Crypto Custodian BitGo Announces EOS Support
Cryptocurrency trust and security company BitGo has announced the launch of a multisignature wallet and custody service for EOS.According to the news release published on Aug. 22, BitGo officially added EOS to the list of its supported assets. The firm’s chief technology officer Ben Chan said:“The EOSIO software has some innovative differentiators like its high…
‘Insane’ Bitcoin price consolidation means $48K is the new BTC support level
A fundamental shift in technicals suggests that bulls should treat $48,000 like the new $35,000, says Glassnode. 3820 Total views 16 Total shares Bitcoin (BTC) has seen "unreal" price consolidation since the start of February 2021 — and fundamental support is now at $48,000.According to on-chain monitoring resource Glassnode, the second month of the year…
5 things Ethereum ETFs could mean for altcoins
What will Ethereum ETFs mean for your favorite altcoin projects? Some will clearly benefit, but others — like Solana — may lose.
Major Chinese Crypto Miners Expect Influx of New Bitcoin Buyers
Several prominent Chinese cryptocurrency miners expect a wave of new Bitcoin buyers following the halving. 1690 Total views 55 Total shares A majority of Chinese miners expect a huge influx of new Bitcoin (BTC) buyers within the next six months.According to a poll by crypto services firm RockX on May 4, 57% of Chinese miners…
CFTC Files Lawsuit Against $11M Ponzi-Like Cryptocurrency Scam
The United States Commodity Futures Trading Commission (CFTC) has announced the filing of a civil enforcement action against Nevada-based Circle Society.Defendants guaranteed investors 300% returnOn Oct. 16, the CFTC announced that it was charging Circle Society and its owner, David Gilbert Saffron, with “fraudulent solicitation, misappropriation, and registration violations relating to an $11 million binary…
Canaan reports $33M net loss for 2020 despite bullish Bitcoin price action
The Bitcoin miner manufacturer saw its year-on-year revenue tumble amid supply chain disruptions and a global chip shortage. 2254 Total views 21 Total shares Bitcoin’s bullish 2020 closeout was not enough to prevent Canaan from incurring a net loss in 2020.According to the company’s unaudited financial report for Q4 2020, the Bitcoin (BTC) miner maker’s…