Metaplanet buys another $1.2M of Bitcoin amid rebound toward $65K

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Bitcoin (BTC) spending an “unprecedented” period below a key moving average is a poor guide to the 2022 bear market.That was the opinion of analyst Superswell, who this week championed on-chain metrics as a way of understanding current BTC price action.“Business as usual so far” for Bitcoin bear marketIn a series of tweets on Dec.…

When you think of a crypto-friendly U.S. state, Washington is hardly the first to come to mind. Yet, a lot has been happening on the ground in the Pacific Northwest lately. Washington Governor Jay Inslee signed a bill, SB5544, into law on March 30. The new legislation creates a working group of seven state officials…

Switzerland’s central bank, Swiss National Bank (SNB) is in close contact with the relevant authorities over Facebook’s Geneva-based crypto project Libra.The news comes from SNB vice-chairman Fritz Zurbruegg via a Reuters report from Aug. 27. Libra documentation still lack some detailsZurbruegg said that it is still difficult to analyze the Libra project fully, citing the vague…

Opinion by: Georgii Verbitskii, founder of TYMIO  Memecoins have dominated the crypto narrative over the past year, leading to a series of high-profile events where most traders lost money while insiders profited. The Libra token alone, by some estimations, resulted in $4.4 billion in public losses. Unlike previous crypto cycles where broad market growth rewarded

The CEO of cryptocurrency exchange Binance has vowed to sue industry media outlet The Block over alleged false reporting.In an ongoing Twitter exchange on Nov. 22, Changpeng Zhao, known as CZ in crypto circles, promised to take legal action over an article that claimed Binance’s Shanghai office was receiving attention from Chinese police.CZ to The…

A spike in Bitcoin transaction fees has seen the share of miners’ revenues represented by fees tag a two-year high. 712 Total views 11 Total shares Bitcoin (BTC) transaction fees have nearly tripled in three days, from $3.52 to $10.20 on average.According to crypto market data aggregator Glassnode, 22.25% of Bitcoin miners’ income is currently…

New data shows a dramatic rise in the number of Bitcoin wallets holding anywhere between 100 BTC to 1,000 BTC, but there may be a catch. 3781 Total views 7 Total shares The amount of Bitcoin (BTC) held by whales increased by around 14% after Tesla announced its foray into the cryptocurrency sector in early…