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“# Why’s Bitcoin stuck under $60,000? The gold market cap may hold the answer ” After rallying more than 100% in 2021, Bitcoin (BTC) seems to be struggling to turn the $60,000 level into support. After all, what is so special about this magic round number and its accompanying $1 trillion market capitalization? Gold’s $11…
“# Ebang refutes Bitcoin ‘China Hustle’ claims as share price falls 20% ” The share price of Chinese Bitcoin (BTC) mining company Ebang continues to fall, while the firm refutes claims made in a Hindenburg Research report which alleged it was pilfering American investors’ cash. The Hindenburg Research report, published April 6, described Ebang as…
“# ‘Not a cheaper Bitcoin’ — Bitcoin Gold soars 173% as traders may be buying the wrong BTG ” A long-forgotten Bitcoin (BTC) hard fork has surged almost 200% in a week — simply because traders are buying the wrong altcoin. Bitcoin Gold (BTG), a relic from the 2017 forking season, traded at $113 on…
“# Meitu now holds $100 million in BTC and Ether after latest Bitcoin purchase ” Hong-Kong tech company Meitu has taken the total value of its cryptocurrency holdings to approximately $100 million, after the firm disclosed the purchase of an additional $10 million worth of Bitcoin (BTC) on April 8. Meitu HK, the wholly-owned Hong-Kong…
“# ‘ETH has outperformed BTC by 250% since inception’: Raoul Pal triggers debate ” Real Vision co-founder and CEO Raoul Pal has sparked a spirited debate after predicting that Ethereum and other coins with “network effects” will outperform Bitcoin over time. Pal shared a chart of Ether’s price relative to BTC since Aug. 7, 2015 — …
“# Our Man in Shanghai: Scandal as $45M of stolen government funds allegedly lost on 100X leverage ” Blockchain security company Beosin has been the focus of a major scandal after its Chief Marketing Officer Gao Ziyang was taken into custody and charged with embezzlement of state-owned assets. He is alleged to have been using…
“# DeFi’s money markets are finally luring in institutional investors ” Bitcoin’s bull run from last year has caused even some of its biggest skeptics to soften their stance. From economists to hedge fund managers, the world is opening itself up to technology, and at the center of this movement is decentralized finance, or DeFi….
“# Riot Blockchain is set to acquire a Texas data facility for $650M ” Riot Blockchain is continuing its Bitcoin (BTC) mining expansion efforts. Reports suggest that the U.S.-based miner is set to purchase Whinstone US Inc, currently owned by Northern Data. The planned purchase was announced via a press release by Riot Blockchain on…
“# US must embrace Bitcoin to counter Chinese ‘financial attack’ — Pomp ” Bitcoin (BTC) can undermine the U.S. dollar if the United States does not take a lead role in accepting it, argues Anthony Pompliano. Speaking to CNBC on April 8, the Morgan Creek Digital co-founder followed up on a warning from investor Peter…
“# Bitcoin exchanges just saw massive Tether stablecoin deposits ” Nearly half a billion in Tether inflows was recorded on April 8 across major Bitcoin (BTC) exchanges, based on Glassnode’s data. Considering that the inflows, the biggest since mid-March, coincided with a minor Bitcoin pullback, it indicates that buyers could be waiting to step in…