Category: Bitcoin

Select altcoins could rally to new all-time highs if Bitcoin bulls successfully hold BTC above the $57,000 level.

After hitting a $43,000 local low on Feb. 28, Bitcoin (BTC) price rallied 28% to retake the $57,000 level on Mar. 10. As the Feb. 21 to Feb. 23 massive $5.9 billion liquidations caused by excessive long leverage seem long gone, futures contracts reached a $20.3 billion all-time high. This time, as Bitcoin rallied to

Bitcoin has finally bounced back, cleanly breaking the $50,000 barrier to trade at around $57,000 at the time of publishing. This signal comes as much-needed relief for bulls after the entire crypto market slumped for two weeks following the flash crash on Feb. 22, now known as “Bloody Monday.” The market slump seemed to persist

Grayscale Investments’ GBTC Bitcoin Trust has been under the heat for the last couple of weeks as it traded below the BTC equivalent for each share. The instrument trades on over-the-counter markets and is by far the largest listed cryptocurrency asset. Periodically, the private-placement offerings for GBTC shares are temporarily closed, as well as similar

Earlier this month, antivirus pioneer John McAfee was officially charged by the United States Department of Justice on seven counts of fraud and money laundering. These charges have been filed with respect to his activities in the crypto space from 2017 to 2020. It could be some time before McAfee actually has to face these

Cryptocurrency asset manager Grayscale has a new buyer of shares in its Grayscale Bitcoin Trust (GBTC) — its owner. In a press release on March 10, Grayscale parent company Digital Currency Group (DCG) announced plans to purchase up to $250 million of GBTC shares. GBTC to buy “up to $250 million” in shares The move,

Bitcoin (BTC) challenged levels within 10% of all-time highs on March 10 as strength in the U.S. dollar failed to dent the bullish trend. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview $56,000 resistance is next BTC price hurdle Data from Cointelegraph Markets and Tradingview tracked a comeback from an overnight correction for BTC/USD on Wednesday, with

A Norwegian billionaire is announcing his company’s investment in Bitcoin while highlighting that it’s risky not to put money into the leading cryptocurrency. In a letter to shareholders, Kjell Inge Røkke reveals that his Norwegian holding company Aker has established Seetee, a firm dedicated to investing in Bitcoin and the Bitcoin ecosystem. The Norwegian tycoon

Since March 1, 2020, the number of new Bitcoin ATMs installed worldwide is nearing 10,000. According to the latest data from Coin ATM Radar, the current number of machines stands at 16,835, a strong 57.5% increase, or 9,683 new machines, as compared with 7,152 last year. Back in Nov. 2020, Cointelegraph had reported a striking year-on-year increase

South Korean crypto exchanges that don’t take extensive data collection and identity verification measures could soon be subject to heavy fines.  According to an official announcement Wednesday, South Korea’s Financial Services Commission has come up with a revised proposal for the regulation of virtual assets service providers, or VASPs. The proposal introduces new VASP penalty