The cryptocurrency market has been on a tear lately, with Bitcoin (BTC) gaining 15% since February 13th despite a steady flow of negative news. This is a testament to the short-term memory…
Tag: Bitcoin
Bitcoin Bulls Struggle to Break Resistance as Volatility Continues
Bitcoin Volatility Continues as Bulls Struggle to Break Resistance The last week of February has started off in a volatile mood for Bitcoin (BTC) as a crucial area of resistance fails to…
Bitcoin (BTC) Taps $25,000 Mark: Traders Await Weekly Close for Major Resistance Cloud Breakout
Bitcoin (BTC) has once again tapped the $25,000 mark, with bulls pushing for a support-resistance flip of the key level. This marks the start of a major resistance cloud involving several long-term…
Mt. Gox Hack of 2014: Bitcoinica and MGIF Opt for Early Payout in Bitcoin, Sign of Confidence in the Market
The Mt. Gox crypto exchange hack of 2014 left many creditors waiting nearly a decade for a portion of their money back. Now, two of the biggest creditors of Mt. Gox have…
Bitcoin Rockets to New Highs After 8% Surge
Bitcoin Rockets Past $24,000 After 8% Surge Bitcoin surged past $24,000 for the first time in two weeks, likely the result of a short squeeze that has historically sent prices higher. The…
Bitcoin Hashrate Reaches 300 EH/s: A Sign of Institutionalization and Improved Mining Economics
The Bitcoin network has seen a surge in computing power, or hashrate, over the past year. On Wednesday, the hashrate reached 300.65 exahash per second (EH/s), a 100 EH/s increase in just…
Pantera Capital Predicts Bitcoin’s Seventh Bull Cycle and Rebuild of Trust in CeFi
According to Pantera Capital, Bitcoin (BTC) is beginning its “seventh bull cycle” and investors should not be scared of crypto post-FTX. In its latest “Blockchain Letter” on Feb. 8, the asset management…
Kazakhstan Introduces New Crypto Regulations to Reduce Tax Fraud and Unlawful Business Operations
Kazakhstan, one of the world’s leading Bitcoin (BTC) mining hubs, has announced plans to introduce new crypto regulations aimed at reducing tax fraud and unlawful business operations. The new law, signed by…
Exploring the Potential of Bitcoin NFTs: The Ordinal Punks Collection
As the world of cryptocurrency continues to evolve, one project that is rapidly gaining traction is the Bitcoin Punks collection. This collection of non-fungible tokens (NFTs) is similar to the popular CryptoPunks…
Explosive Growth of Ordinals NFTs on Bitcoin Blockchain Sparks Controversy
The crypto derivatives firm BitMEX has identified over 13,000 Ordinals NFTs on the Bitcoin blockchain, a sign that the buzz around this new flavor of non-fungible tokens is growing quickly. According to…