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“# Bitcoin ‘held up very well’ despite biggest exchange inflow since March 2020 crash ” Bitcoin (BTC) has performed “very well” as traders send more coins to exchanges than at any time since the March 2020 crash. Data from on-chain monitoring resources CryptoQuant and Glassnode shows that BTC exchange inflows hit a one-year high on…
“# Shanghai Man: Aping out of gorilla token, digital dollar Biden its time… and more ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Memecoin culture clash Feed the gorillas token,…
“# Oh where, oh where have Ethereum bulls gone? Sub-$4K ETH fails to entice traders ” Cryptocurrency price corrected sharply today, including Ether (ETH), but this is a short-term move which is not reflective of the more macro-level events which still paint a bullish picture for assets like Ether and Bitcoin. In the last 30…
“# Price analysis 5/13: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, BCH, LTC, UNI ” Tesla CEO Elon Musk tweeted on May 13 that the company will stop accepting Bitcoin (BTC) payments for its vehicle purchases, citing “rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal.” Shortly after the announcement, Bitcoin…
“# Bitcoin whale MicroStrategy buys additional 271 BTC ” MicroStrategy, the Virginia-based business intelligence firm, has added another 271 Bitcoin (BTC) to its strategic reserves, underscoring CEO Michael Saylor’s growing conviction in the digital asset. The purchases were made through May 13 for an average price of $55,387, Saylor disclosed on Thursday. MicroStrategy now has…
“# Bitcoin drops to $46K, altcoins sell-off as report claims Binance is under investigation ” Within the last hour Bitcoin (BTC) price dropped by more than 3%, extending the decline which started on May 12 and saw the digital asset drop as low as $46,000 on some exchanges. Initially, on May 12 it was Tesla’s…
“#Bitcoin fell about 14% after Tesla stopped accepting it as payment” Bitcoin plummeted as much as 14 percent after Tesla CEO Elon Musk said the electric car maker suspended use of the cryptocurrency as payment for its vehicles. Musk added in a tweet that Tesla would not sell any of its current bitcoin holdings, which…
“# Mark Cuban counters Elon Musk, says Mavs will continue to accept Bitcoin ” Billionaire investor Mark Cuban will not be following Tesla CEO Elon Musk’s footsteps in withdrawing support for Bitcoin (BTC) payment. Tweeting in response to Musk on Wednesday, the Dallas Mavericks owner remarked that the Mavs will continue to accept Bitcoin, Ether…
“# Bitcoin price fails to build $50K support as traders eye lower levels next ” Bitcoin (BTC) dipped below $50,000 again on Thursday as the fallout from Elon Musk’s criticism continued to resonate. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders wait for telltale buy signals Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD failing…
“# SoftBank founder hesitant on Bitcoin but says it ‘can’t be ignored’ ” Tesla’s tag game with Bitcoin (BTC) might have triggered a race in the corporate world to invest in crypto, however, SoftBank still prefers to take a more cautious approach. Answering questions at SoftBank’s earnings news conference, SoftBank CEO Masayoshi Son admitted that…