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“# Bitcoin returns to classic resistance, but belief in a fresh BTC price pullback is fading ” Bitcoin (BTC) stayed tantalizingly close to $50,000 on Tuesday as bulls contended with a classic resistance level. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Too late for “dirt cheap” Bitcoin? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD…
“# MicroStrategy splashes $177M on Bitcoin, now holds almost 109,000 BTC ” MicroStrategy has once again purchased more Bitcoin (BTC) with the company adding 3,907 BTC to its holdings. According to a Form 8-K filing with the United States Securities and Exchange Commission (SEC) published on Tuesday, the business intelligence upped its Bitcoin holdings by…
“# Canadian Bitcoin miner Blockstream joins crypto unicorns with $3.2B valuation ” Canada-based Bitcoin (BTC) infrastructure firm Blockstream, co-founded by cryptographer and cypherpunk Adam Back, has hit unicorn status with its latest valuation at $3.2 billion. The company, which focuses on various Bitcoin-related areas — including operating as a mining service provider and developing renewables-based infrastructure…
“# Australians lost over $25 million to bogus crypto investments: Report ” Investment scams in Australia cost investors more than 70 million Australian dollars ($50.5 million) in the first six months of 2021, with crypto scams contributing to more than 50% of the losses, according to Scamwatch data. As reported by the Australian Competition and…
“# Bitcoin transactions stay low despite price rally: Data ” Despite Bitcoin (BTC) price growing 45% over the past 30 days, cryptocurrency investors are not moving their holdings, according to new data. Blockchain analytics provider Glassnode released its new “The Week On Chain” report on Monday, noting that Bitcoin has continued rallying to new multi-month highs…
“# Europe prepares for first Bitcoin futures launch amid US ETF stalemate ” Europe’s first-ever Bitcoin (BTC) futures will launch next month on the continent’s largest derivatives market, Eurex, an announcement confirms. In a press release issued on Tuesday, digital asset-backed securities provider ETC Group said that its Bitcoin ETN Futures product will commence trading on Sept….
“# Monero price rises 20% after Atomic Swap implementation ” Monero (XMR), the largest privacy-focused cryptocurrency by market capitalization, has posted a 20% price surge following the launch of the Atomic Swap implementation program last week. On Friday, the Monero Project officially announced a rollout of the Atomic Swap implementation developed by the cross-blockchain protocol COMIT,…
“# Riot Blockchain reports 1,540% increase in quarterly revenue from Bitcoin mining ” Major publicly-listed Bitcoin mining firm, Riot Blockchain, has reported record revenues for Q2 2021. In its Aug. 23 quarterly financial report, the U.S.-based firm reported $31.5 million in mining-related revenues for the three-month period — up roughly 1,540% from its Q2 2020…
“# Here’s what traders expect now that Bitcoin price rallied back to $50K ” There was widespread celebration across the crypto ecosystem on Aug. 23 after the sight of Bitcoin (BTC) back above $50,000 triggered a resurgence of calls for the top cryptocurrency to reach $100,000 before the end of 2021. Data from Cointelegraph Markets…
“# Pro traders are mildly skeptical about Bitcoin’s recent return to $50K ” The price of Bitcoin (BTC) is back at the $50,000 level, and there’s little doubt that the 47% positive rally over the past 30 days has been fueled by whale accumulation, institutional adoption and positive remarks from regulators regarding a possible exchange-traded…