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“# Insiders sold Microstrategy stock after Bitcoin’s bull run ” Virginia-based enterprise software company Microstrategy has captured the attention of crypto and financial news outlets alike with its CEO’s atypical strategy of going all-in on Bitcoin, beginning in 2020, with some reporters quipping that the company has since morphed into something closer to a Bitcoin…
“# Bitcoin price in line for ‘impulsive bounce’ as Solana (SOL) leads altcoin surge ” Bitcoin (BTC) volatility is again overdue and one analyst is favoring an “impulsive” move towards $50,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: “Chill and wait” for Bitcoin breakout Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to…
“# El Salvador adoption a ‘coming of age’ for Bitcoin, says Fidelity exec ” El Salvador’s adoption of Bitcoin (BTC) as legal tender is widely celebrated across the crypto ecosystem, but one expert believes the importance of the rollout was a little bit exaggerated. Speaking to CNBC, Fidelity Investments director Jurrien Timmer said that the significance…
“# Russian Duma wants to regulate crypto mining as business ” As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have gotten more serious about regulating the industry. Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, claimed that Russian lawmakers are now considering recognizing the crypto…
“# Georgia on my mine: Bitmain brings 56K Bitcoin miners to the state ” Chinese mining hardware giant Bitmain will be bringing 56,000 of its latest Antminers to the southeastern U.S. state of Georgia. The influx of mining rigs is part of a three-way deal between Nevada-based tech firm ISW Holdings, crypto mining datacenter Bit5ive,…
“# Price analysis 9/8: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, BCH ” Analysts are attributing Bitcoin’s (BTC) plunge on Sep. 7 to the liquidation of over-leveraged positions. According to Bybt data, about $3.68 billion worth of long positions were liquidated in the last 24 hours in the Bitcoin options market. On-chain monitoring…
“#El Salvador’s president Nayib Bukele tackles bitcoin woes” El Salvador President Nayib Bukele stepped in on Wednesday to closely manage the fraught roll-out of a payments app that underpins the nation’s adoption of bitcoin as legal tender, and called on users to report any problems on his Twitter feed. Adopting language similar to IT departments in…
“# Near Protocol, Algorand and PowerPool rebound while Bitcoin consolidates ” The wider cryptocurrency market appears to be in the early stages of a recovery with many altcoins regaining their footing after correcting by 20% to 30% on Sept. 7 when Bitcoin (BTC) fell below $43,000. Top 7 coins with the highest 24-hour price change….
“# Stablecoins: crypto house of cards? ” In Cointelegraph’s latest video report, we discussed the systemic risks posed by stablecoins to the stability of both crypto and traditional markets. Stablecoins have become the backbone of the crypto ecosystem, as they play a crucial role in the functioning of crypto trading and decentralized finance. Their market…
“# ‘Who was selling? Not HODLers’ — New data hints at Bitcoin crash ‘culprit’ amid leverage wipe-out ” Bitcoin (BTC) crashed by $9,000 in hours on Tuesday thanks to a mass unwinding of leveraged traders and borrowers, one analyst believes. In a series of tweets on Wednesday, Willy Woo sought to get to the bottom…