Category: Bitcoin

Blockchain analytics firm Glassnode is unveiling Bitcoin’s on-chain activity amid the “Elon Dip,” which ignited a market-wide sell-off following the Tesla chief’s comments on BTC’s energy consumption. In their weekly letter, Glassnode pinpoints the group of investors who are parting with their Bitcoin as the leading crypto asset continues to slide. “Elon’s tweets range from

Former Goldman Sachs executive and Real Vision Group CEO Raoul Pal believes one large-cap coin could spearhead the charge out of the crypto market correction. In a new tweet, Pal tells his 509,800 followers that Bitcoin is forming a technical pattern that usually indicates consolidation in a bull market. “After the weekend FUD (fear, uncertainty,

As crypto traders endure Bitcoin’s plunge to nearly $30,000, Tron CEO and founder Justin Sun says he bought a large amount of the leading cryptocurrency – under $40,000. Sun tweeted, “I have bought 4145 Bitcoin with $152,818,183 at average price $36,868.” Sun joins industry leader Michael Saylor of MicroStrategy who announced on Tuesday that his

Elon Musk’s crypto escapades continue, with the tech entrepreneur now suggesting Tesla has no plans to sell its Bitcoin. A week ago, Musk released a statement declaring Tesla will no longer accept BTC for purchases until the top crypto is more energy efficient. The move raised questions on whether Tesla is selling its massive Bitcoin

The crypto markets are reeling amid reports of a fresh ban on crypto asset services in China. Bitcoin plunged from $40,500 to a brief low of $30,415 in a span of just five hours, according to the latest data from CoinGecko. The top cryptocurrency then popped back to its current price of about $36,700. The

The United States’ banking regulator, the Office of the Comptroller of the Currency, is set to review cryptocurrency-related rulemaking following Brian Brooks’ departure.  Michael Hsu, the newly-appointed Acting Comptroller of the Currency, has requested a staff review of former OCC rulemaking regarding the crypto industry as part of his testimony before the House Financial Services

Crypto investment firm Pantera Capital is predicting that Bitcoin will keep losing dominance as a large-cap crypto asset surges and absorbs a significant part of the market. In a blog post, Pantera shines the spotlight on Ethereum, which the venture capital firm says will continue rising on the back of massive fundamental catalysts. “The ratio

Crypto promotional schemes are old hat in the industry, with many businesses trying to secure customer loyalty through a range of perks and mini handouts. For BlockFi, however, its latest promotional offer has gone topsy turvy, after the platform mistakenly paid out oversized rewards in Bitcoin (BTC). One BlockFi user allegedly received a staggering 701.4

Russia’s State Duma has approved a new draft bill in its first reading that would require election candidates to disclose their crypto holdings, expenditures and purchases. The draft bill also asks election candidates to indicate a source of income for cryptocurrency purchases and requires crypto declarations not only from the actual candidates, but also their

The global cryptocurrency market cap lost in excess of $350 billion overnight leading into Wednesday, May 19, as Bitcoin (BTC), Ether (ETH) and a majority of the altcoin market lost between 15–30%. Tuesday night’s plunge leaves the global market cap more than $750 billion worse off than it was this time last week. That figure