Hashrate recovery reduces Bitcoin miners’ selling pressure in July
Miner revenues soar 50%, pushing Bitcoin hashrate higher and reducing selling pressure from miners’ reserves.
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Genesis sues parent company DCG, other affiliate for $600M in overdue loans
DCG borrowed $500,000 from its subsidiary last year, and DCG Investments borrowed over 18,000 BTC. Both have allegedly defaulted. 216 Total views 1 Total shares Bankrupt cryptocurrency lender Genesis Global Capital (GGC) filed two suits on Sept. 6 seeking the repayment of overdue loans from affiliated companies. The loans are worth over $600 million in
Venezuela Cuts Petro’s Backing from 5B Barrels of Oil to 30M: Reuters
Venezuela plans to back its national oil-pegged cryptocurrency, the Petro (PTR), with 30 million barrels of crude oil. Venezuelan President Nicolas Maduro announced that the oil inventories are sitting in the country’s storage tanks and are ready for immediate commercialization to serve as a “liquid, physical, material backing” for the Petro. The president announced the news…
3 Key Metrics Suggest Bitcoin Price Has Completed Its Macro Bear Cycle
Whilst the Bitcoin price (BTC) action may seem bearish to some, the leading digital asset has several bullish indicators that hint towards an imminent recovery.As Bitcoin enters the last month of 2019, will the king of cryptocurrencies finish on a bullish rally, or fall to a yearly low?Daily crypto market performance. Source: Coin360.comThe daily chart…
Elon Musk’s xAI launches Grok-2 AI assistant for X
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Crypto market enters 'extreme fear' as analysts warn of Bitcoin below $50K
Market analyst concerns over a correction below $50,000 are mounting, as crypto market sentiment returns to early August lows.
Hong Kong crypto futures ETFs raise over $70M ahead of debut
The CSOP Bitcoin Futures ETF has raked in $53.8 million while the CSOP Ether Futures ETF has collected $19.7 million in initial investments. Own this piece of crypto history Collect this article as NFTCrypto futures exchange-traded funds (ETFs) managed by CSOP Asset Management have raised $73.6 million in investments ahead of their listing on the…
Supreme Court ruling ‘changes the game’ for US crypto firms
The high court’s decision further bolsters the argument “that Congress, not an agency, should decide if — and how — to regulate Web3.”
BTC price dip gone by September? 5 things to know in Bitcoin this week
Bitcoin faces a crunch candle close this week as BTC price rebound battles sellers to cancel its early August collapse.