3 reasons why Bitcoin price has not been able to rally back above $40K
Bitcoin bulls appear to be back, but a strengthening U.S. dollar, a new wave of COVID-19 infections and low trading volumes threaten the current recovery.
Behind the Breakup of FTX and Binance
Here’s something you might have missed amid news this week that cryptocurrency exchange FTX had raised $900 million in the largest ever funding round for a crypto exchange: Binance, an early investor, exited its position. FTX CEO Sam Bankman-Fried and Binance CEO Changpeng «CZ» Zhao, in multiple (separate) interviews, both tried to frame the breakup …
Historically low spot volumes and investor indecision weigh on Bitcoin price
Bitcoin price struggles to gain momentum as historically low spot volumes and a strengthening dollar result in widespread indecision from most traders.
El Salvador May Launch National Stablecoin: Reports
El Salvador’s government could be planning to release a U.S. dollar stablecoin, investigative news outlet El Faro reported Friday. The currency would be issued by the central bank, pegged to the value of the U.S. dollar and backed by reserves of real U.S. dollars. #ElSalvador | El Gobierno de Nayib Bukele planea introducir una nueva …
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Thorchain’s RUNE Token Slides 15% Following Multi-Million Dollar Exploit
The price of RUNE, the native token of decentralized finance (DeFi) liquidity protocol Thorchain, dropped by about 15% today following yesterday’s attack which saw hackers drain 2,500 Ethereum (ETH) tokens (around $4.8 million at current prices) from the platform’s liquidity pools. At the time of writing, RUNE was trading at around $4.82, down 15.1% over …
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Tennessee city wants to accept property tax payments in Bitcoin
Jackson Mayor Scott Conger believes that Bitcoin is the only solution to fix inflation and the U.S. dollar devaluation.
Is Seneca Lake Being Warmed By Bitcoin Mining? Not Quite.
Greenidge Generation has made millions of dollars mining somewhere between 3.8 to 4 Bitcoin per day at its Dresden, NY facility. Critics have argued the facility damages the local environment, and even undermines New York State’s climate goals. Last week brought further controversy for Greenidge, after NBC News reported on claims that Seneca Lake—which is …
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Ethereum price dragged down below $2K as US inflation hits highest level since 1991
The second-largest cryptocurrency sells off in line with Bitcoin as traders assess the latest U.S. inflation data.
Fidelity to hire more crypto hands amid growing institutional interest
Fidelity Digital is planning to hire 100 more people for its crypto business to service the growing needs of institutional investors.
Ransomware Attackers Made Off With $33M in Bitcoin This Year
Hackers behind ransomware attacks have raked in about $33 million worth of Bitcoin since the start of the year, data by Ransomwhere shows. This amount can rise dramatically should Russian-speaking cybercrime syndicate REvil receive the $70 million it demanded from some 200 US companies hit by a massive ransomware attack earlier this month. A relatively …
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