Category: Bitcoin

The rumor that Amazon would accept cryptocurrency payments sparked a wave of bullish enthusiasm across the crypto market earlier in the week but now this sentiment has begun to wane as Bitcoin (BTC) bulls face stiff resistance at the $40,000 level.  Data from Cointelegraph Markets Pro and TradingView shows that bears have managed to fend

On Friday, July 30, a total of 42,850 Bitcoin (BTC) option contracts ($1.7 billion) are set to expire. This might be the first time since the May 21 weekly expiry that bulls will be able to profit from the $40,000 call (buy) options.  The most recent surge in price may have been prompted by the

The global crypto exchange Binance is making a major change to its know-your-customer (KYC) policy.  CEO Changpeng Zhao just announced that Binance is significantly lowering the amount of cryptocurrency that certain traders can withdraw per day.   The platform now requires users to complete their identity verification to increase daily withdrawal limits up to 100

The United States-based investment management firm ProFunds announced the launch of Bitcoin Strategy ProFund (BTCFX), one of the first publicly available mutual funds or exchange-traded funds (ETF) that performs in parallel with Bitcoin (BTC). ProFunds provides an alternative to the traditional methods of holding cryptocurrencies via wallets or crypto exchanges with this service.  Sharing details

Bitcoin (BTC) bulls are locked in a battle with bears in order to take control of the $40,000 level and dovish comments from U.S. Federal Reserve Chair Jerome Powell suggest that loose monetary policies will remain in place for the foreseeable future. Generally, the crypto ecosystem is “cautiously optimistic” about further price rises as the fallout

Bitcoin (BTC) demanded a $40,000 resistance flip on Thursday as on-chain data revealed large withdrawals from exchanges. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Exchange balances shed 57,000 BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rise to challenge the upper end of its trading range once more on Thursday. The pair had

A group of Russian experts is working on a new blockchain-based service to allow users to bequeath their cryptocurrency holdings and digital rights to the next generation. The National Technological Initiative (NTI), a global technical leadership program in Russia, announced a new digital inheritance tool based on blockchain technology, local news agency RIA Novosti reported

Bitcoin (BTC) rose above $40,000 on Thursday, a day after the Federal Reserve hinted that it was getting nearer to unwind its asset purchasing program that has boosted the United States’ economic recovery.  The benchmark cryptocurrency approached $41,000 in the previous session, ahead of the critical Fed update. Nonetheless, it started losing upside momentum after

Cryptocurrency adoption has seen an accelerated growth this year, with the global crypto population doubling since January, according to a new report. Major digital asset company Crypto.com released its latest study on measuring global cryptocurrency users on Thursday, discovering that the number of crypto users worldwide has more than doubled from 100 million in January