220 / 465 Relevant items tagged with #BITCOIN
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US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote
[May 11, 2024 1:35 PM] The House Committee on Rules has decided to review the Financial Innovation and Technology for the 21st Century (FIT21) Act, paving the way for a floor vote later this month. The legislation sets a path for enhanced regulatory clarity in the U.S…
Ex-Twitter CEO Jack Dorsey Says Bitcoin Will Reach $1 Million, Here’s When
[May 11, 2024 10:00 AM] Jack Dorsey, the former CEO of X (formerly Twitter) has predicted when Bitcoin will reach $1 million. The tech entrepreneur is a familiar figure in the crypto space and is known to be heavily invested in the flagship crypto. When Bitcoin Will Hit…
Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving
[May 11, 2024 9:22 AM] Based on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per second (EH/s). Following the halving, onchain costs have decreased significantly, with data indicating…
Bitcoin halving 'danger zone' has 2 days left with BTC price retesting $60K
[May 11, 2024 6:21 AM] Bitcoin has almost completed its prime BTC price drawdown phase after April’s halving, the latest analysis confirms.
Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in ‘Record-Breaking’ Quarter
[May 11, 2024 5:29 AM] In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of…
Why Bitcoin’s Post-Halving Rally Is Certain, Analyst Explains
[May 11, 2024 3:30 AM] Bitcoin experienced a price decline of 3.06% on Friday, falling as low as $60,372.36 based on data from CoinMarketCap. With the crypto market leader now in a consolidation phase, a trading analyst with X username Titan of Crypto has expressed…
Wells Fargo Holds Spot Bitcoin ETFs, Reveals SEC Filing of Grayscale Shares
[May 10, 2024 9:27 PM] Wells Fargo, a major US banking entity, is now storing a spot bitcoin ETF for its customers, as revealed in a new SEC filing, holding 2,245 shares of the Grayscale Bitcoin Trust (GBTC), which was recently converted into an ETF. Though the value of…
Bitcoin Down 20% From March But Glassnode Analysts Are Very Bullish: Here’s Why
[May 10, 2024 7:00 PM] Bitcoin might have posted the deepest correction since the FTX crash in November 2022, dipping over 20% from its all-time high of around $74,000. However, Glassnode analysts, while sharing their preview on X, remain cautiously optimistic. Bitcoin…
Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto Rules
[May 10, 2024 5:16 PM] Following the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent regulatory overreach that…
Bitcoin Is In a 'Bore You to Death' Phase, but Bottom Could Be Close, Analysts Say
[May 10, 2024 2:26 PM] The current boring crypto market could last between one to six months, and the sentiment will be the most negative right before the turnaround, one hedge fund manager said.
Bitcoin price flash crash raises chance of BTC dip to $54K
[May 10, 2024 1:05 PM] Bitcoin price drops more than 2% in an hour, leading to $127 million in long liquidations.
Price analysis 5/10: BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA, AVAX, SHIB
[May 10, 2024 12:05 PM] Bitcoin’s failure to rise above the 20-day EMA increases the risk of a downward breakdown for BTC and many altcoins.
Lightning Labs CTO Conducts First Mainnet Multi-Hop Asset Payment via Taproot Asset Channels
[May 10, 2024 11:42 AM] Olaoluwa Osuntokun, co-founder and CTO of Lightning Labs, recently executed the first successful mainnet multi-hop asset payment using Taproot Asset channels, marking a new development in asset transfer capabilities over the Lightning Network…
Wells Fargo reports exposure to Grayscale and ProShares Bitcoin ETFs
[May 10, 2024 11:09 AM] The bank reported holding $143,111 worth of shares of the ProShares Bitcoin Strategy ETF, Grayscale Bitcoin Trust and Bitcoin Depot.
GBTC’s Heavy Withdrawals Result in Net $11.3M Outflow in US Bitcoin ETFs
[May 10, 2024 10:34 AM] The U.S. spot bitcoin exchange-traded funds (ETFs) witnessed an outflow of $11.3 million during Thursday’s trading sessions, following an inflow of $11.5 million on Wednesday. Although the majority of funds experienced inflows on Thursday…
Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030
[May 10, 2024 10:26 AM] Dorsey, who led the social media platform from 2015 to 2021, developed a strong interest in crypto during that time and is now fully focused on the sector.
Bitcoin's Modest Rally Cut Short, Price Tumbles Back Below $61K
[May 10, 2024 9:20 AM] Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.
Hong Kong issuer seeks spot Bitcoin ETF for mainland China
[May 10, 2024 8:55 AM] Harvest’s CEO believes the Hong Kong-mainland China ETF bridge program could enable crypto ETF access in mainland China.
Private Jet Charter Service Candy Jets Now Accepts Bitcoin Payments
[May 10, 2024 8:43 AM] Candy Jets, a premier private jet charter service, has partnered with CoinCorner, a prominent Bitcoin services provider, to accept payments in Bitcoin for their luxury travel services, making them one of the first in the industry to embrace this…
Bitcoin Short Term NUPL Value Turns Negative, What This Means For Price
[May 10, 2024 8:00 AM] Crypto analyst Onchained recently provided valuable insights into an important metric that can be used to gauge the future trajectory of Bitcoin. The analyst suggested there was no cause to worry at the moment but highlighted what to watch out for…
Bitcoin still lacks $60K support as BTC price nears $100M liquidity zone
[May 10, 2024 7:25 AM] Bitcoin traders are upping the stakes amid a tightly rangebound few days for BTC price action.
Bitcoin Bearish Signal: Analyst Predicts Potential Dip To $52,000
[May 10, 2024 7:00 AM] As the price action of Bitcoin continues to attract crypto investors’ interest, Michael Van De Poppe, a well-known market analyst and trader in a bearish scenario has made a worrying prediction, warning the community of a potential drop in…
TON, RNDR Surge More Than 13% as Bitcoin Rebounds to $63K
[May 10, 2024 6:11 AM] RNDR cheers Apple's brief mention of Render-powered 3D design software Octane.
First Mover Americas: Bitcoin Holds Near $63K, Consolidating Week's Recovery
[May 10, 2024 6:04 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Advocate Says ASIC Devices’ Inflexibility Makes AI Involvement Unlikely for Bitcoin Miners
[May 10, 2024 2:41 AM] According to Joe Downie, the chief marketing officer at Nicehash, bitcoin miners struggling to stay afloat after the halving are unlikely to support or become involved with artificial intelligence (AI). This is because their application-specific…
Donald Trump Could Be Bitcoin’s Biggest Price Booster: Experts
[May 10, 2024 1:45 AM] Former President Donald Trump recently voiced strong support for Bitcoin and cryptocurrencies, notably diverging from his previously skeptical stance. This significant pivot, prominently featured in a recent video circulating among crypto…
Jack Dorsey Forecasts Bitcoin to Reach $1 Million by 2030
[May 9, 2024 11:32 PM] Twitter co-founder Jack Dorsey predicts that the price of Bitcoin could hit at least $1 million by 2030, suggesting its value may grow even further thereafter. In an interview, he expressed his enthusiasm not just about Bitcoin’s potential…
Jack Dorsey says Bitcoin will be worth 'at least a million' by 2030
[May 9, 2024 10:05 PM] “I do think it hits that number and goes beyond,” said the Twitter co-founder on his million-dollar Bitcoin prediction.
Canaan Launches Upgraded Version of Its Avalon A15 Series Bitcoin Miner
[May 9, 2024 9:29 PM] Canaan Inc. has launched the Avalon A15 series, with the new product being the A1566 model. This upgraded bitcoin mining machine incorporates Canaan’s most advanced technology. The A1566 model sets a new performance benchmark with an…