Category: Bitcoin

Crypto-focused venture capital giant Digital Currency Group (DCG) is snapping up another $500 million worth of Grayscale Bitcoin Trust (GBTC) shares. DCG backs more than 175 blockchain-related companies in over 35 countries and is the parent company of Grayscale. The move brings DCG’s total investment in Grayscale to $750 million. DCG plans to use cash

Bitcoin (BTC) miners collected $60 million on a thirty-day average timeframe as of May 5, showing the first signs of recovery after last month’s severe revenue drop that followed mass miner outages in China’s energy-rich provinces. In April, coal mining accidents and subsequent inspections in Xinjiang lacerated energy supply to the regional cryptocurrency mining industry.

Bitcoin (BTC) staged a characteristic comeback on May 5 as a day of losses turned around in a flash. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price nears $58,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $57,000 again during Wednesday trading, with daily gains knocking on 5%. The move marks Bitcoin’s second

The era of American banks regarding cryptocurrencies as anathema might be coming to an end. According to a report by CNBC on Wednesday, New Digital Investment Group has inked a partnership with fintech staple Fidelity National Information Services to provide a framework for U.S. banks to offer crypto trading services to their customers. Patrick Sells,

In the latest sign that crypto continues to filter through into the mainstream, CNBC host Jim Cramer has spent the week discussing the large quantity of Ether (ETH) he holds. On CNBC’s Squawk Box on May 4, Cramer said he owns “a lot of Ether,” explaining that he first bought it when he was trying

Betterment, a major financial advisory company providing robo-advising and cash management services, has not yet decided whether it will introduce cryptocurrencies to its platform. Betterment is still researching a potential expansion of its services to inclue digital assets like Bitcoin (BTC), CEO Sarah Levy said. “We’re believers that if we can provide the right kind

Safello, a Stockholm-based cryptocurrency brokerage, is seeing massive demand from investors for its upcoming initial public offering on the Nasdaq First North Growth Market. The company said Wednesday that its planned IPO was oversubscribed by 502 million Swedish krona ($59.3 million), up 1,240% from the planned 40.5 million krona ($4.8 million), Reuters reports. Safello CEO

An emerging crypto analyst is saying that demand for Bitcoin remains strong as ever according to a series of on-chain metrics. In a tweetstorm, the analyst who goes by Dilution Proof lays out a number of clues signaling that the world’s biggest crypto asset by market cap is seeing a massive influx of buying power.

Bitcoin (BTC) has been struggling to sustain the $55,000 support level for the past 16 days, or basically since the April 17 record-high $5 billion long contracts liquidation. The rejection that took place after the $64,900 all-time high had a devastating impact on the sentiment of retail traders, as measured by the perpetual futures funding

Twitter chief and crypto enthusiast Jack Dorsey is plugging Taproot, Bitcoin’s upcoming upgrade. In a new tweet to his 5.3 million followers, Dorsey posted the link to the Taproot activation page that shows the progress of the flagship crypto asset’s update. 🟩 https://t.co/U8rJyyPED5 — jack (@jack) May 2, 2021 Taproot is a soft fork that