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“# Why cryptocurrency is booming in India despite national ban fears ” India has been the subject of intense speculation regarding the future legal status of Bitcoin (BTC) and other cryptocurrencies in recent months. Speculation went into overdrive in February when an anonymous Indian minister told Bloomberg that a nationwide blanket ban on cryptocurrency was…
“# Canaan reports $33M net loss for 2020 despite bullish Bitcoin price action ” Bitcoin’s bullish 2020 closeout was not enough to prevent Canaan from incurring a net loss in 2020. According to the company’s unaudited financial report for Q4 2020, the Bitcoin (BTC) miner maker’s net loss for 2020 was about $33 million. However,…
“# MicroStrategy announces Bitcoin bonuses for board of directors instead of cash ” Business intelligence firm MicroStrategy announced on Sunday that its board of directors will now receive bonuses in Bitcoin (BTC) instead of cash. A modified 8-K form filed with the United States Securities and Exchange Commission revealed MicroStrategy’s decision to dispense with cash…
“#Bitcoin nears record prior to cryptocurrency exchange listing” Bitcoin neared an all-time high on Monday ahead of a listing by the largest US cryptocurrency exchange. The token rose as much as 2.6 percent to $61,229 — marking the highest level in nearly a month but still short of its March 13 peak at $61,742. Bitcoin…
“# Record BTC weekly close, Ethereum all-time high: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is back with a vengeance this week as a new day’s trading gets underway with a fresh attack on $60,000. After a weekend in which the largest cryptocurrency avoided a correction, Monday is looking bullish —…
“# Keep Network unveils v2 specs for tBTC protocol ” The Keep Network has released details for the second iteration of its “trust-minimized” Bitcoin tokenization protocol, tBTC. In an April 11 blog post, Keep Network developer, Evandro Saturnino, outlined several changes the protocol is considering to address it’s past issues with collateralization. tBTC’s second iteration…
“# Reddit reminisces defunct ‘Bitcoin faucet’ website that gave away 19,700 BTC for free ” Reddit’s r/Cryptocurrency community revived an interesting piece of Bitcoin (BTC) history on Sunday, with a new thread reminiscing about the time that American software developer Gavin Andresen gave away 19,700 BTC. A thread started by “uGroundbreakingLack78” took the Reddit community…
“# Top 5 cryptocurrencies to watch this week: BTC, XLM, MIOTA, XMR, XTZ ” Bitcoin’s (BTC) hesitation near the all-time high suggests that the bulls and the bears are waiting for a trigger to start the next trending move. The bulls are searching for a positive catalyst to thrust the price above the overhead resistance….
“# BTC December futures reach $73,500 — Is everyone flipping ultra bullish? ” Bitcoin (BTC) has been struggling to break the $60,000 resistance for almost a month. But despite the impasse, BTC futures markets have never been so bullish. While regular spot exchanges are trading near $59,600, the BTC contracts maturing in June are trading…
“# Bitcoin on-chain data suggests no bull market top at $60K, selling activity declining ” For the very first time in a Bitcoin (BTC) bull market, not only long-term investors but also short-term speculators who usually add to the daily sell pressure toward the end of a market cycle have become increasingly confident of higher…