Discover the Latest Bitcoin (BTC) News

Bitcoin Breaks Above $24,000 As U.S. Inflation Dips To 8.5%

Naga Avan-Nomayo·August 10, 2022

Summary: U.S. Inflation numbers were released on Wednesday, triggering a move in the price of crypto assets. Consumer Price Index data stood at 8.5% for July 2022. The numbers fell from the 9.1% level reported in...

Bitcoin and Ethereum”Incredibly Oversold” States Bloomberg Analyst: Forbes

Arba Halpin·August 6, 2022

Bitcoin "Incredibly Oversold" States Bloomberg Intelligence Analyst : Forbes

TLDR: Bloomberg Intelligence senior commodity strategist Mike McGlone stated that Bitcoin trades at a substantial discount. McGlone highlights several observations when making his case, such as technical analysis focusing on key indicators such as the 100-week...

Elon Musk Fires Back At Twitter with a Counter Lawsuit

John P. Njui·July 30, 2022

Elon Musk Fires Back At Twitter with a Counter Lawsuit 11

Summary: Elon Musk has filed a countersuit against Twitter over the now uncertain $44 billion deal. The lawsuit was filed late Friday, July 29th, a few hours after a Judge set October 17th as the beginning...

CoinFLEX Lays Off a Significant Portion of its Team to Reduce Costs by 50 – 60%

John P. Njui·July 29, 2022

CoinFLEX Lays Off a Significant Portion of its Team to Reduce Costs by 50 - 60% 12

Summary: The CoinFLEX team has announced that it has laid off a significant portion of its team to cut operational costs by 50 to 60%. CoinFLEX has also made cuts in non-staff costs. The team explained...

Bitcoin And Ethereum Pump Above 10% Despite Negative U.S. GDP Report

Naga Avan-Nomayo·July 28, 2022

Summary: Leading cryptocurrency Bitcoin traded higher than $23K on Thursday. The top coin enjoyed a slight rally following Wednesday’s FOMC meeting. America’s Q2 GDP report was also released with the figure at -0.9%. The number signaled...

KuCoin Will Launch a New Fund to Fight FUD, Says CEO

John P. Njui·July 26, 2022

KuCoin Will Launch a New Fund to Fight FUD, Says CEO 13

Summary: KuCoin CEO, Johnny Lyu, has announced that the exchange will launch an anti-FUD fund. The fund will focus on educating the global community on how to spot FUD. The focus will also be on motivating...

Bitcoin’s ‘Kimchi Premium’ Under Scrutiny by S. Korean Authorities in Connection With Illegal Remittances

John P. Njui·July 26, 2022

Bitcoin's 'Kimchi Premium' Under Scrutiny by S. Korean Authorities in Connection With Illegal Remittances 14

Summary: South Korean authorities have launched a probe into the Bitcoin ‘Kimchi Premium.’ The investigations cite that the Kimchi Premium was used to make profits that were transferred abroad through illegal remittances. Authorities in South Korea...

Bitcoin Falls Below $22,000 Ahead Of FOMC Meeting And Big Tech Earning Calls

Naga Avan-Nomayo·July 25, 2022

Bitcoin dips as the crypto markets anticipate the FOMC meeting.

Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

John P. Njui·July 22, 2022

Bitcoin's $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex's Hayes 15

Summary: Arthur Hayes has forecasted that Bitcoin’s most recent low, around $18k, could constitute a bottom. According to his analysis, a classic bottom is usually tested before a bull market begins, and $18k is no different....

Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

John P. Njui·July 22, 2022

Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal 16

Summary: Twitter has posted a $270 million quarterly loss in its first earnings report since Elon Musk expressed interest in buying the company. Twitter cites a weak ad market and Elon Musk’s one-eighty-degree turn on the...

Former Coinbase Employee Charged With Insider Trading for Tipping Off Brother and Friend on New Crypto Listings

John P. Njui·July 21, 2022

Summary: The US Attorney’s Office of the Southern District of New York has charged a former Coinbase employee with insider trading. The Coinbase employee allegedly tipped off his brother and friend on new crypto listings on...

Elon Musk’s $1 Billion Bitcoin Sale From Tesla’s Bag Is A Drop In The Ocean – Binance Chief CZ

Naga Avan-Nomayo·July 21, 2022

75% of Tesla's Bitcoin sold as the company navigates lockdowns in China.

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Arbitrum To Airdrop ARB Tokens On Mar. 23, Unveils New DAO And L3 Roadmap

Ethereum Shanghai Upgrade Scheduled For Goerli Test On Mar. 14

Ethereum’s Shanghai Upgrade Runs Smoothly on Sepolia, Goerli Testnet Next

BitMEX Founder Arthur Hayes Believes Bitcoin Can Cross $1 Million Mark

Marathon Digital Lost $687 Million In 2022, Q4 Revenue down 58%

Crypto Mixer ChipMixer Washed Out By National Authorities, $46 Million In Bitcoin Confiscated: Europol

Arbitrum Airdrop Now Live, ARB Trades Below $2 Amid Heavy Volatility

Sushi DAO Proposes $3 Million Legal Defense Fund Following SEC Subpoena

Perp DEX GMX Considers “Early Mover” Launch On Coinbase’s L2 Base Blockchain

Jump Crypto Backs Chiliz $50 Million Incubator For Early Stage Projects

Whale Liquidates 1010 NFTs In Largest NFT Dump Ever

Friendsies NFT Collection Rug Pulled After Raising $5 Million