Category: Bitcoin

The crypto markets are reeling after Tesla CEO Elon Musk announced the car giant will no longer accept Bitcoin for purchases. Musk cites concerns over Bitcoin’s use of energy as the reason for the sudden change. “Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin

The Winklevoss twins’ Gemini exchange now has $30 billion worth of cryptocurrencies under custody as competition heats up among top U.S. exchanges. In a May 11 announcement, the exchange attributed much of the growth this year to strong demand from institutional clients: “Tracking with the impressive growth of the crypto market this year and increased

CryptoQuant CEO Ki Young Ju is naming one catalyst that he says could send Bitcoin’s (BTC) value into the stratosphere. In a new tweet, the CEO of the on-chain analysis firm tells his 165,00 followers that he believes the approval of a Bitcoin exchange traded fund (ETF) could act as a big catalyst to push

An emerging on-chain analyst is saying that Bitcoin’s recent slump is an event designed to transfer BTC from weak hands to strong holders. In a new tweet, the analyst known as Dilution Proof argues that the long-term bullish outlook for the flagship cryptocurrency remains intact despite the correction. “During yesterday’s mini-dip, I saw unrest in

The United States Securities and Exchange Commission, or SEC, has issued an investor warning pointing out risks of mutual funds that have exposure to Bitcoin (BTC) futures. In an official statement on Tuesday, the SEC strongly encouraged investors to thoroughly consider risks disclosure of a mutual fund on the Bitcoin futures market, stressing that Bitcoin

A closely-followed crypto analyst and trader says he’s looking at a widely-used indicator that he believes can help time the top of the crypto bull market. In a new tweet, Credible Crypto tells his 188,700 followers at he’s watching a key level in the Bitcoin Dominance Index, which he notes can potentially signal the end

Swiss banking giant UBS Group AG is exploring ways to offer wealthy clients the ability to invest in crypto assets. According to a Bloomberg report, UBS is in the early stages of allocating a small percentage of wealthy clients’ portfolios to crypto, joining a growing list of traditional banking institutions warming up to the space.

Bitcoin (BTC) gained 4.3% on May 12 as cryptocurrencies recovered losses despite increasing turmoil on global stock markets. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price reverses upwards Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD erasing almost all the previous day’s losses on Wednesday to trade above $57,500 at the time of writing.

Cryptocurrency investors in Hungary could be getting a major tax break very soon, as lawmakers seek to make the central European country more competitive in the wake of the Covid-19 pandemic. In a video that appeared on Facebook Tuesday, Finance minister Mihály Varga outlined his government’s stimulus program through 2022. As part of the post-Covid-19

It was one of the most-anticipated releases of a games console for years — the PlayStation 5. Sony’s latest hi-spec model also couldn’t have come at a better time. Making its long-awaited debut in November 2020, gamers had high hopes of keeping entertained during a harsh winter… and averting boredom during coronavirus lockdowns that kept