Category: Bitcoin

Bithumb’s Hong Kong affiliates are reportedly facing a civil suit for breach of contract. According to a Tuesday report by the Korea Times, the suit is being initiated by a former Bithumb partner in Thailand, which is accusing the South Korean-headquartered exchange of unilaterally halting its business in Thailand and causing major losses. The Thai

Bitcoin (BTC) might have tested the $40,000 support in mid-July, but according to various derivatives metrics, there has not been a significant change in investor optimism.  This situation either means that price is not what they are looking to mark the end of the current bear market, or that most traders are still underwater at

Following their longest streak of selling since February 2018, institutional managers became net buyers of digital asset funds last week, offering cautious optimism that the worst of the market selloff has passed.  Inflows into digital asset funds devoted to Bitcoin (BTC), Ether (ETH) and others totaled $63 million in the week ended July 2, CoinShares said

Marshall Wace, a London-based hedge fund giant managing about $55 billion in assets, is reportedly planning a major move into cryptocurrency and blockchain investment. The hedge fund firm is preparing to launch a dedicated portfolio targeting investments in the digital asset industry, the Financial Times reported Tuesday. Citing anonymous people familiar with the matter, the

MicroStrategy CEO and Bitcoin evangelist Michael Saylor recently featured in an interview to share his insights into the global macro environment alongside Bitcoin (BTC) and crypto in general.  Speaking about the risks related to volatility, Saylor said, “The people that invest in bitcoin as traders — and they don’t, they don’t have a technology view

Former Goldman Sachs executive and current Real Vision Group CEO Raoul Pal says that Bitcoin and Ethereum are distinct from the rest of the crypto markets due to two fundamental features. Pal tells his 574,100 followers he’s looking at both Bitcoin and Ethereum as he believes these two crypto assets will continue to become more

Celsius Network chief executive Alex Mashinsky predicts Bitcoin can soar above $140,000 this cycle but only after surviving one last sell-off event. The head of the crypto lending and borrowing platform tells his 106,700 followers that Bitcoin has so far survived two massive bearish catalysts in a short amount of time.   “We have seen

Bitcoin (BTC) headed towards a key Wyckoff level on July 6 as BTC price action got traders excited about an altcoin surge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wyckoff in focus below $36,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading up 4.6% versus the previous day’s lows on Tuesday. After seeing tests

The sustainability of the Bitcoin mining industry has significantly increased this year, according to a report published by the association of miners that was formed following the backlash on BTC’s energy use. In a new report, the Bitcoin Mining Council (BMC) reveals the results of its first voluntary survey that looked into the electricity consumption

A new survey reveals how Wall Street investors and portfolio managers see Bitcoin performing for the rest of the year. Conducted by CNBC, the survey asked over 100 chief investment officers what they think the price of Bitcoin will be when 2021 comes to a close.   Coming in at 44%, the most common answer