Category: Bitcoin

Nearly half a billion in Tether inflows was recorded on April 8 across major Bitcoin (BTC) exchanges, based on Glassnode’s data. Considering that the inflows, the biggest since mid-March, coincided with a minor Bitcoin pullback, it indicates that buyers could be waiting to step in following BTC’s price drop. Stablecoin deposits into exchanges. Source: Glassnode

State Street, the second-oldest operating bank in the United States, is moving into the cryptocurrency industry by agreeing to provide its technology for a new crypto trading platform. Currenex, a forex technology provider owned by State Street, has entered into an agreement with crypto firm Puremarkets to provide its trading infrastructure and tech for the

Dallas Mavericks owner and Shark Tank star Mark Cuban says Ethereum holds a distinct advantage over Bitcoin as a store of wealth. In a new interview on The Unchained podcast, Cuban asserts that Ethereum’s smart contract functionality and its numerous use cases give it an edge over the top crypto asset by market cap. “[Bitcoin

After becoming a corporate pioneer in cryptocurrency adoption, Elon Musk could be about to take the next step and begin paying rent in Bitcoin (BTC). While no announcement has been made by the “Technoking” himself, news broke on April 7 regarding a partnership between Los Angeles real-estate firm, Caruso Properties, and the Gemini cryptocurrency exchange, founded

The number of cryptocurrency holding disclosures in Russia has been on the rise over the past several months, according to a new report. Russian news agency Izvestia reports Thursday that Russians have been increasingly disclosing their income from crypto trading for tax purposes. The report cites data from consulting and law firms like KPMG, PwC,

Bitcoin (BTC) barely recovered its losses on April 9 as fresh doubts emerged about the bull run continuing this month.  BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview $56,760 “not a convincing bottom” After sliding 5% on Wednesday, BTC/USD saw only a modest rebound to circle $57,000 at the time of writing, Cointelegraph Markets Pro and TradingView

The Ripple community has launched a new petition to “stop the war” on XRP. Crypto & Policy founder Thomas Hodge has started a Change.org petition directed at Securities and Exchange Commission chair nominee Gary Gensler, asking him to end the SEC’s lawsuit against Ripple once he’s confirmed as chairman of the commission. Announcing the news Wednesday,

Crypto trader and stock investor Lark Davis says he’s tracking five low-cost altcoins on Binance right now, including two he believes will achieve unicorn status. Although it’s priced at just $0.33, the first alt coin on his list, Polygon, has a high market cap at $1.8 billion. “In spite of the high market cap, I

Bitcoin miners are stashing away their coins for higher prices, with direct transfers from miners to exchanges plummeting nearly 40% since mid-March. Data from on-chain analytics provider Glassnode shows that miners’ BTC balances have been increasing since late March, following heavy outflows throughout January and consistently reduced selling during February and earlier in March. Glassnode

Analytics company Santiment reports that cryptocurrency sentiment has fallen to near-record low levels for 2021 — even as some experts are doubling down on $400,000 Bitcoin’s price target. Sentiment nosedived following Bitcoin’s drop below $60,000 to its current price of $56,300 and Ethereum’s dip under $2,000 this week, according to Santiment. Ether is currently trading