Category: Bitcoin

Binance, the world’s largest cryptocurrency exchange by trading volumes, continues actively expanding into the crypto payments industry through a new crypto-to-fiat integration. The company announced Tuesday a partnership with crypto-fiat hybrid payment platform Alchemy Pay to enable peer-to-peer (P2P) crypto payments at over 2 million global merchants through its payments application Binance Pay. The new

Bitcoin (BTC) returned to hit local lows of $37,500 on Wednesday in a fresh installment of its comedown from above $42,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “So far so good” as BTC cools Data from Cointelegraph Markets Pro and TradingView showed BTC/USD repeatedly challenging then briefly breaking through the $37,500 mark Wednesday. As

Investigations into the South African company Mirror Trading International (MTI) — widely seen as last year’s most ruinous Bitcoin (BTC) Ponzi scheme — are now engaging the United States Federal Bureau of Investigation. MTI, which went into provisional liquidation in December 2020, claimed to have over 260,000 members across 170 countries at its height. It

Spanish lawmakers are backing a new legal initiative to legitimize the cryptocurrency and blockchain industry by proposing a new bill on digital transformation. The new draft bill was introduced by Spanish political party the People’s Party (PP). It aims to drive innovation in multiple industries through regulating emerging technologies such as blockchain and artificial intelligence

Long-dated Bitcoin options and bulls still make waves with their ultra bullish bets, but even they must admit that the possibility of (BTC) trading above $60,000 in the next couple of months is dim.  Many traders have added leveraged-long positions via futures contracts to chase after the elusive all-time high, but this seems like an

Tesla chief executive Elon Musk has opened up about the electric car company’s total Bitcoin (BTC) holdings. Musk says on Twitter that the technology giant owns “close to” 42,000 Bitcoin, which is worth more than $1.60 billion at time of writing, according to CoinGecko.   We don’t have that many Bitcoin, but it’s close —

Optimism from bulls is the leading sentiment of the day after Bitcoin (BTC) price made its way back toward the psychologically important $40,000 level. In addition to the reversal from this week’s local low at $37,500,  Gary Gensler, the chair of the United States Securities and Exchange Commission issued positive comments about the crypto industry and reaffirmed

Jurien Timmer, global macro director at financial giant Fidelity, says Bitcoin could be following gold’s coming of age footsteps during the 1970s. Timmer tells his 61,400 Twitter followers that Bitcoin is an “aspiring asset class,” full of potential much like gold was 50 years ago. Timmer explains that during the 70s, the yellow metal went

Crypto asset manager Grayscale is accelerating its commitment to a Bitcoin exchange-traded fund (ETF). Today, Grayscale announced the appointment of David LaValle as senior managing director, global head of ETFs.   “Dave is a pioneering leader in the ETF space with expertise spanning critical components of the ETF ecosystem, including product development, distribution, capital markets,

Popular on-chain analyst Will Clemente is looking at several key indicators that could point to a potential bear trap playing out in the short term. After a recent rally to $42,500, Clemente expects Bitcoin to pull down slightly before “springing” back to make new highs. “Still think we go down a little more for the