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“# Bitcoin whale indicator detects multi-month accumulation trend as BTC eyes $67K-retest ” Bitcoin’s (BTC) biggest investors have been lately upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests. Dubbed as “Whale Supply Shock,” the on-chain indicator represents the ratio between the amount of Bitcoin held by “whales” and “fishes.”…
“# Digital Currency Group sells $700M of shares for investors to take profits ” Digital Currency Group (DCG), one of the largest companies in the cryptocurrency industry, has completed a major secondary investment round led by Japanese financial giant SoftBank. DCG has sold $700 million worth of shares to companies like Google’s parent company, Alphabet,…
“# Bitcoin ‘Moonvember’ begins as data shows November is best month for S&P 500 ” Bitcoin (BTC) bulls are betting on a solid month for BTC price action, as November traditionally sees strong gains for United States stocks. Data shows that November has been the best performing month for the S&P 500 since 1985. November…
“# NYDIG acquires Bitcoin micropayments firm Bottlepay ” Bitcoin (BTC) investment firm, New York Digital Investment Group (NYDIG), has announced the acquisition of United Kingdom-based micropayment service Bottlepay for an estimated fee between $280 million and $300 million. NYDIG had previously participated in the company’s $15.4 million seed funding round in February 2021, a raise…
“# ‘Uptober’ closes at record high in best month of 2021 — 5 things to watch in Bitcoin this week ” Bitcoin (BTC) sees a volatile start to a new week and a new month after its first ever monthly close above $60,000 — what’s next? After a highly anticipated end to “Uptober,” bulls are…
“# Industrial Bitcoin mining breathes new life into tiny Texan town ” Two Bitcoin mining giants are duking it out for cheap electricity in the tiny town in Texas. Both Bitdeer, a mining firm that spun out from Chinese giant Bitmain, and Riot Blockchain, one of leading publicly traded Bitcoin mining firms in the United…
“# Bitcoin price descending channel and loss of momentum could turn $60K to resistance ” Bitcoin (BTC) appears to lack the strength to retest the $67,000 all-time high that it reached on Oct. 20 and this is causing investors to question whether or not the bullish moment has faded. Even with the price facing these…
“# Top 5 cryptocurrencies to watch this week: BTC, ETH, BNB, MATIC, FTM ” The weekend failed to ignite bullish momentum from crypto investors and both Bitcoin (BTC) and Ether (ETH) turned down on Oct. 31. The bulls will now try to achieve the third successive weekly close and the first-ever monthly close above the…
“# Inside the blockchain developer’s mind: What is a testnet? ” Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the…
“# Bitcoin set for record monthly close with BTC price still below ‘worst case scenario’ ” Bitcoin (BTC) delivered fresh retests of $60,000 support on Oct. 31 with a matter of hours left until the crucial monthly close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Record monthly close hangs by a thread Data from Cointelegraph…