Category: Bitcoin

Crypto analyst Benjamin Cowen says Bitcoin’s current market cycle is proving to be one of a kind. In a new strategy session, Cowen explains to his 456,000 YouTube subscribers that Bitcoin’s higher market capitalization makes it harder to move the price dramatically.   “Each cycle, it’s going to get harder and harder to push it

Software firm MicroStrategy saw $1.6 billion worth of orders in a recent junk bond offering — four times the initially sought amount. Earlier this week, the company announced it would issue $400 million worth of junk bonds in a private offering, with a view to using the proceeds to purchase Bitcoin (BTC).  Junk bonds are debt offerings

On June 7, the United States government task force seized more than $2 million in Bitcoin (BTC) to pay a ransom following an attack on the Colonial Pipeline system. A warrant filed with the U.S. District Court for the Northern District of California shows that authorities recovered 63.7 BTC. As news of the recovery spread

Crypto exchange and derivatives trading platform BitMEX is embarking on a 21st-century space race that aims to make Bitcoin the first cryptocurrency on the moon.  In a new blog post, BitMex says it is racing against Elon Musk’s mission that will send a satellite dubbed DOGE-1 to the moon by 2022.   “One Dogecoin protagonist/EV

El Salvador has made history, becoming the first country in the world to officially adopt Bitcoin as legal tender after Congress approved President Nayib Bukele’s bill. Early Wednesday morning, a supermajority of the El Salvador legislature voted to pass President Nayib Bukele’s proposal to make Bitcoin a legal currency. Of 84 possible votes, 62 lawmakers

A commissioner of the Commodity Futures Trading Commission is calling for a crackdown on decentralized finance (DeFi) platforms. In a recent speech titled “Climate Change and Decentralized Finance: New Challenges for the CFTC” Commissioner Dan Berkovitz referenced his concerns regarding the DeFi boom. “Given the explosive growth of this sector, federal regulators should become familiar

Michael Saylor’s MicroStrategy is heading to the lending markets to finance another Bitcoin buying spree. The firm says that it will borrow approximately $500 million in the form of senior secured notes. All proceeds will go towards buying more Bitcoin at a time when the flagship crypto asset is nearly 50% down from its all-time

Bitcoin (BTC) price reclaimed $36,000 heading into the New York session Wednesday as investors awaited fresh data on inflation in May and El Salvador approved a bill that made cryptocurrencies a legal tender in the country. Bull-market bottom? The benchmark cryptocurrency surged 9.86% to an intraday high of $36,696, wiping off a portion of the

As is par for the course for Bitcoin (BTC), El Salvador becoming the first nation-state to adopt the cryptocurrency as legal tender is now immortalized on the blockchain. Data from blockchain explorer service Blockchair shows block 686,938 bearing the message “asamblea aprueba la ley bitcoin” — meaning “assembly approves Bitcoin law” — which is the

Bitcoin (BTC) is “more likely” to hit $40,000 than $20,000, Bloomberg argues, as the largest cryptocurrency gains 6% in a day. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView McGlone eyes “enduring bull market bottom” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reclaiming the $35,000 mark amid new bullish forecasts from analysts. In a tweet on