Independent researcher Kevin Rooke estimates that Grayscale has ramped up its Bitcoin accumulation to a rate equivalent to 150% of the new BTC created since the halving. Crypto fund manager Grayscale Investments is accumulating Bitcoin at a rate equivalent to 150% of the new coins created by miners since the May 11 block reward halving. […]
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Representatives of companies that were allegedly hacked strongly deny the allegations, stating that the exploit had been fixed years ago. According to a report by an online monitoring web portal, Under the Breach, a hacker was able to penetrate the privacy protocols of major firms such as Trezor, Ledger and Bnktothefuture on May 24 and […]
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Bitcoin price is struggling to reclaim $9,000, leading investor sentiment to turn bearish on BTC’s short-term price action. Bitcoin (BTC) price had a relatively muted day as the digital asset traded between $8,700-$8,885. Currently, the price remains below the ascending channel trendline and the daily candle closed as a neutral doji, showing bulls and bears […]
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Despite Bitcoin’s bearish price action, top traders on Binance Futures are aggressively longing cryptocurrencies, including Bitcoin and Ethereum. The majority of top traders on Binance Futures are longing Bitcoin (BTC), Ether (ETH), and 8 other cryptocurrencies. In fact, more than 50% of traders are long on 10 crypto assets despite the current decline in the […]
Continue ReadingAs Bitcoin struggles to find support, THETA and THETA Fuel have rallied more than 1000%, leading investors to wonder if other altcoins will follow. As the halving hype has now passed for Bitcoin (BTC), altcoins are beginning to regain traction. In that regard, many altcoins have been showing significant movements in the past two weeks. […]
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Exchanges use leverage like banks with cryptocurrencies, the agency argues, appearing to support self-ownership of private keys. There is actually more than 21 million Bitcoin (BTC) in the world, ratings agency Weiss has claimed as it eyes major exchanges. In a tweet on May 25, Weiss, which is well known for its controversial cryptocurrency posts, […]
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A basket of bearish signals suggests further problems for BTC/USD, but a higher CME futures gap is among the causes for hope this week. Bitcoin (BTC) faces a challenging week as $9,000 support fades and uncertainty increases after the halving — what should you look out for in the coming days? Cointelegraph’s weekly summary takes […]
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If Bitcoin remains in an uptrend, these altcoins are likely to outperform the other major cryptocurrencies this week. The institutional interest in Bitcoin (BTC) has increased in the past few months, according to data from Grayscale Bitcoin Trust. If the trend continues at the same pace, by March 2021, GBTC would have purchased 75% of […]
Continue ReadingA few major cryptocurrencies are in an uptrend and they could offer buying opportunities in the short-term. For some reason, Bitcoin (BTC) analysts never take the middle path. They either project that the price will go to the moon or warn of imminent doom. After surviving and thriving for over a decade and being one […]
Continue ReadingBitcoin is now facing three scenarios with the 20-week moving average likely playing a key role in determining which way the market goes in the next few months. Bitcoin (BTC) price is up 1.23% for today’s session at $9,175 having reclaimed the $9,000 handle, after briefly losing it and finding lows of $8,800. Overall, the […]
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