Category: Bitcoin

Cryptocurrency investors awoke to another round of price declines on June 22 after the price of Bitcoin (BTC) dropped to a 6-month low at $28,805. The dip below the crucial $30,000 level might appear to be a prime buying opportunity but data shows that institutional investors are continuing their longest selling streak since February 2018.

Amid Bitcoin’s (BTC) drop to six-month lows below $30,000 on Tuesday, a Norwegian financial regulator warned investors that the cryptocurrency industry is largely unregulated in the country. The Financial Supervisory Authority of Norway, or Finanstilsynet, published June 22 a statement on consumer protection of crypto investors, emphasizing that the authority currently does not supervise local

Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches a course on “Blockchain, Crypto and

Bitcoin (BTC) fell under $30,000 on Tuesday as the latest BTC price dip took the largest cryptocurrency below a significant “line in the sand.” BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Bitcoin beats May price bottom Data from Cointelegraph Markets Pro and TradingView showed BTC/USD crashing through $30,000 support, shedding 6% in an hour and hitting

Closely-followed analyst Will Clemente says that Bitcoin is wildly oversold based on on-chain metrics. In a new Pomp Podcast interview, the analyst highlights that he’s seeing on-chain signals indicating that long-term holders are aggressively buying the dip.   “What we’re really seeing is all the coins that are being sold are from very young wallets…

BTC.com — a major crypto mining pool that is operated by BIT Mining and owned by the NYSE-listed Chinese lottery service provider 500.com — has announced the successful relocation of its first batch of mining machines to Kazakhstan.  BTC.com was founded by Jihan Wu and was operated by Bitmain and Bitdeer until its acquisition by

United States investment management firm VanEck has filed for a new Bitcoin (BTC) futures mutual fund with the Securities and Exchange Commission. According to a prospectus filed Monday, the new “Bitcoin Strategy Fund” will invest in Bitcoin futures contracts as well as pooled investment vehicles and exchange-traded products that provide exposure to Bitcoin. The fund

Personal finance author Robert Kiyosaki believes that Bitcoin will collapse below $30,000 as he sees a massive crash on the horizon. Kiyosaki, co-author of the best-selling Rich Dad Poor Dad series, predicts in a new video that Bitcoin could go through a significant downturn as central banks around the world move against BTC and other

The highly anticipated Nasdaq debut of renewable energy-focused BTC mining firm, Bitfarms (BITF), saw the company’s stock fall by as much as 8.6% amid weakness in the broader crypto markets. BITF opened at $4.04 and quickly climbed a couple of percent to tag a high of $4.11 before dropping as low as $3.90 as cryptocurrency

El Salvador’s grand plans to promote Bitcoin adoption could be turned on their head if President Bukele’s Bitcoin law is proven to be unconstitutional in the country’s courts. A group of citizens joining forces with political party, Farabundo Martí National Liberation Front (FMLN), has filed a lawsuit claiming President Bukele’s Bitcoin adoption program is unconstitutional.