Bitcoin News

On Wednesday, Jerome Powell, the chair of The United States Federal Reserve, said that one should not rush in the development and implementation of any Central bank digital currency (CBDC). He said that the Fed is still exploring the promises of bringing a new digital currency for the nation, but it has not decided on […]

Earlier in the year, leading Dutch football club PSV Eindhoven became the first football club in Europe to receive its entire sponsorship payment in Bitcoin. The club, in a recent interview with Bitcoin Magazine has revealed that it is still hodling the coins it received. According to the commercial director of the club, Frans Janssen, […]

Most governments worldwide are worried about the regulations and monitoring of stablecoins. On the other hand, China is planning to bring a Yuan-pegged stablecoin for crypto trading. This coin is the ‘offshore Renminbi.’ Chris Banbury, the chief of global operations at Conflux stated in an interview that the firm would offer its tools and advanced […]

Seven-time Super Bowl winner Tom Brady has said he would like to have some of his earnings paid crypto assets like Solana, Ethereum, and Bitcoin tokens. The football player is one of the avid supporters of digital assets among sports stars and believes very much in the potential of digital technology. Brady made this statement […]

Bitcoin.org has yet again been hit by a distributed denial of service or DDoS attack. Cøbra, the anonymous owner of Bitcoin.org took to his Twitter to announce that the site was compromised with the hackers putting up a scam notice. Bitcoin developer, Matt Corallo also corroborated the news warning users of the site of the […]

The US Securities Exchange Commission (SEC) chair, Gary Gensler, has compared stablecoins to poker chips in a casino. He made this statement in an interview with Washington Post columnist David Ignatius. According to him, “We’ve got a lot of casinos here in the Wild West, and the poker chip is these stablecoins at the casino […]

The global payments platform PayPal has announced that it will be releasing a new app loaded with features to make digital payments more convenient. In a release from the company, PayPal confirmed that this app was designed to ensure that its customers can handle their crypto transactions on the platform with the same ease they’ve been managing […]

It’s no longer going to be a free ride for bad actors in the crypto scene as U.S. regulatory agencies are beginning to take action against these players. The latest to feel the wrath of the regulators is Russia-based cryptocurrency exchange, Suex who the US Treasury’s Office of Foreign Asset Control recently sanctioned. According to […]

Crypto Miners have accumulated $600M worth of Bitcoin since Feb. Bitcoin miners appear reluctant to sell their Bitcoin holdings as hashrate increases despite the recent sell-off. Bitcoin miner are accumulating because the network hash rate continues to recover in keeping with on-chain analytics provider Glassnode. In its Sept. 20 Week on Chain report, glassnode has […]

Most of the crypto-space is split between Bitcoin and Ethereum, and that they might be forever. The talk about will Ethereum flip Bitcoin is an ongoing one and there are some people that will never throw in the towel to the fact of it. what’s the fact you ask? Well, that’s what we are answering […]

While bitcoin prices have risen in value during the last fortnight, Bitcoin Market Dominance levels have slipped to lows not seen since the June 6 low of 41%, and also the dip to 39.97% on May 16, 2021. Betting on the crypto market value aggregator leveraged, Bitcoin Market Dominance has been between 39.99% to 41.52%. […]

The world is just start breathing after Covid-19 pandemic disaster. Governments are lifting lockdowns, restrictions are being more relaxed, and the economy is slowly returning to a pre COVID-19 times. As a result, consumer spending is on the increase. Bitcoin VS Global Inflation – Global Inflation Heats Up, Bitcoin Saves Global Inflation Is On the […]

Crypto Traders to Sue Binance for Millions After May Outage. Anyone that has lost money in the May 19 incident can join the group to pursue Binance for compensation at zero cost. A loosely organized group of traders is pursuing Binance for compensation over losses caused by a malfunction on the exchange during one of […]

Bitcoin price analysis indicates bearish price action to follow over the following 24 hours as further upside couldn’t be reached after another test of the $47,000 resistance. We expect BTC/USD to drop later today and move back to the $42,00 support line. The cryptocurrency market trades with a small increase over the last 24 hours. […]

Bitcoin price slows down the new parabolic recovery slightly above $55,000. The 200-day SMA provides Bitcoin with the much-needed support to prevent a correction from wiping the gains to $40,000. Bitcoin seems to have started another bull cycle following a lengthy battle in June and July to break the barrier at $40,000. Following the selloff […]

Bitcoin Hits $45K Blockchain analytics firm Santiment says that Bitcoin (BTC) whales aren’t showing interest in taking profits as Bitcoin hits $45K.  The firm says that Bitcoin entities holding between 100 and 10,000 BTC now hold 9.28 million coins, or about 44% of the total supply, which is an all-time high for the investor cohort. […]

Crypto Taxes Infrastructure Bill The controversial crypto taxes introduced with the $1 trillion infrastructure bill have resulted in a last-minute frenzy keeping the entire crypto community on the edge of their seats. As per the latest tweets from pro-crypto Senator Cynthia Lummis, the final voting on the amendments will happen at 9 AM, August 9. […]

Axie Infinity Surging to $1,000,000,000 in Sales Play-to-earn game Axie Infinity (AXS) just breached $1 billion in all-time sales, adding to the surging popularity of games based on non-fungible tokens (NFT). The online video game developed by Sky Mavis allows players to generate profits through buying, breeding and selling digital pets known as Axies. Each […]