Binance CEO Changpeng Zhao will stay committed to his financial offer backing Musk’s Twitter buyout deal. Binance had earlier announced it would commit $500 million to Musk’s Twitter bid offer. Per a Bloomberg report, Binance’s CEO, Changpeng Zhao, has stated that he will continue to back Musk’s $44 billion Twitter...
In brief: The spread of the Coronavirus in Europe, N. America and the Asia Pacific region, has had a disatrous effects on the traditional markets as well as the crypto markets. Bitcoin (BTC) had been on a slow tumble in February before its major dip in March. Between the 12th...
In brief: Bitcoin has been holding the $5,000 support level since Tuesday, March 17th. BTC opened the day above $5,200. The King of Crypto is now trading at $5,572 (Binance rate). Earlier on in the day, the People’s Republic of China reached a new milestone of zero new cases of...
Quick take: The team at Weiss Crypto Ratings has pointed out that Bitcoin seems to be decoupling from the stock market This comes after Bitcoin broke both $12k and $13k in quick succession as the stock markets were stagnant The comments by Weiss echo those of Veteran BTC analyst, Willy...
In brief: 50 BTC from February 2009 just moved. The movement of the 50 BTC was split into two transactions. Some say it belongs to Satoshi or his closest associates. Others believe that it is an early miner who just found his bags. Bitcoin dropped by 4.5% around the same time...
The bitcoin mining industry in Texas remains undeterred amid growing concerns over the industry's rising power consumption. Power consumed by bitcoin miners went up 75% last year.
In brief: Bitcoin (BTC) lost the crucial support of the 200 Weekly MA due to the global economic impact of the Coronavirus. For the past few weeks, BTC has been correlated to the stock market that has been continually in distress. The King of Crypto has since reclaimed this crucial...
Bitcoin (BTC) has long been deemed as an alternative to traditional currencies and investments. Satoshi Nakamoto, the pseudonymous creator of the project, made sure that his brainchild sported a nature of decentralization, scarcity, uncorrelation, and so on and so forth. So, it should come as no surprise that people the...
In summary: Bitcoin is once again battling to break the $10,000 resistance level. BTC has been highly correlated to the traditional markets since the Coronavirus crash of March 2020. Its correlation with the S&P 500 has started to drop. In the last 48 hours, Bitcoin (BTC) has pulled a fast...
Coinbase may launch an offshore derivatives exchange in Bermuda as soon as next week. The American exchange has already obtained a license to operate in the island nation.
Do Kwon, the man behind Terraform Labs, has been arrested in Montenegro. Kwon was traveling with falsified documents when he was detained by Montenegrin authorities.
Quick take: The OCC has formally given the green light for US banks to offer crypto custody solutions for their customers. Bitcoin (BTC) and Ethereum (ETH) have rallied as a result. US Banks being allowed to offer crypto custody is bullish for they will provide faster fiat onramps. Bitcoin and...
