Category: Bitcoin

Bitcoin (BTC) might be struggling to break the $36,000 resistance for the past three weeks, but bulls now have one less thing to worry about: cascading futures contracts liquidations. One might be under the impression that a $1 billion liquidation is usual for Bitcoin. Still, traders tend to remember the most recent exaggerated movements more

Art and jewelry brokerage Sotheby’s put a 101.38 carat diamond up for auction, fetching over $10 million in crypto for the rock on July 9.  The diamond “sold for $12.3 million to an anonymous buyer last Friday at Sotheby’s Hong Kong,” MarketWatch reported on Monday. “It’s the most expensive gem ever purchased with cryptocurrency, according

As the pressures placed on the market by China’s cryptocurrency crackdown begin to subside and the Bitcoin (BTC) hashrate starts to show signs of recovery, traders are now focused on how the price will be affected by this week’s unlocking of more than $550 million worth of Grayscale’s GBTC shares. Data from Cointelegraph Markets Pro and

Digital asset management giant Grayscale has reached a new milestone with the Securities and Exchange Commission (SEC). In a new filing, Grayscale receives approval to launch its Large Cap Fund (GDLC) as an SEC-reporting company after initially seeking approval in May.    The Large Cap Fund contains six top crypto assets, including Bitcoin (BTC), Ethereum

A member of Paraguay’s lower house is promising a “mega surprise” ahead of his presentation on a Bitcoin-focused bill to lawmakers next week. Carlitos Rejala tells his 59,000 Twitter followers that they can expect a major Bitcoin announcement for Paraguay and the rest of the world in the coming days.   “I am here to

Cryptocurrency asset manager Grayscale Investments continues reinforcing its commitment to digital currency investment products with a new filing with the United States Securities and Exchange Commission, or SEC. The company announced Monday that it has filed a Form 10 registration statement with the SEC on behalf of its Grayscale Digital Large Cap Fund (GDLC) to

Fidelity Digital, the crypto arm of the global asset management giant Fidelity Investments Inc., will reportedly hire more people for its expanding cryptocurrency business. According to Bloomberg on Monday, the company is planning to increase its staff size by about 70% to handle the growing patronage from big-money crypto investors. The increased workforce, numbering at

Bitcoin analyst Willy Woo is outlining why he believes BTC is a significant advancement in the history of money. Woo, who earlier this week said Bitcoin whale movements are signaling a bottom, maps out why he believes BTC is reinventing the monetary system.   Calling Bitcoin the type of event that happens just once in

American megabank JPMorgan has continued criticizing El Salvador’s declaration of Bitcoin (BTC) as legal tender, warning of the potential risks for both the country and the cryptocurrency. A JPMorgan expert group led by economist Steven Palacio released a report suggesting that El Salvador adopting BTC as legal tender could put a strain on the Bitcoin

Following its approval for a Nasdaq listing, Canadian Hive Blockchain Technologies has bought more than 3,000 Bitcoin (BTC) mining rigs to get involved in the Bitcoin mining shift from East to West. Purchased from Digital Currency Group subsidiary Foundry Digital LLC, the 3,019 MicroBT M30S miners acquired as part of the deal are already located