Bitcoin hits $60K for the first time since April after reports of imminent ET...
Bitcoin has recaptured the $60k position after a six month period of ups and downs. Bitcoin has surpassed the $60,000 mark briefly for the first time since April 2021. The price has been boosted by reports suggesting a Bitcoin futures ETF is likely to begin trading in the United States as early as next week. Data from Cointelegraph Markets Pro indicate that Bitcoin prices have been on a slow grind upward since the beginning of this month. Before the upward price action began, prices had hovered around $42,000 from Sept. 20 to Oct. 1. The $60,000 mark was first breached on Bitstamp exchange....
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Bitcoin has been through a lot of hardships since its inception and investors and traders are feeling the agony of the crypto market meltdown this year. BTC is now trading at $19,322 at the time of writing. Coingecko reports a 0.3% decrease in value for the token. This month, crypto expert @woonomic tweeted that Bitcoin […]
In a new twist to the Africrypt saga, two different reports have made contradicting claims about the whereabouts of Raees and Ameer Cajee, the two directors of the collapse bitcoin investment firm. However, both reports suggest the Cajees brothers had planned their escape prior to the alleged hacking incident in April. Vanuatu or Tanzania In its report, the UK outlet Daily Mail claims to have seen documents suggesting that Raees had purchased Vanuatu citizenship for about $131,000 (£95,000) back in October 2020. About three months later, Ameer would make a similar purchase. The same....
A crazy few hours sees volatility return, with spot buyers noticeably in charge over leveraged traders. Bitcoin (BTC) retook $57,000 on April 30 as a surprise bullish end to month took traders by surprise.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$4.2 billion expiry gives way to big Bitcoin gainsData from Cointelegraph Markets Pro and Tradingview showed BTC/USD climbing 5% in hours on Friday to come within inches of a green monthly close for April.At press time, $57,000 still formed a focus, with the pair needing to clinch $58,800 to avoid April's monthly candle turning....
Since April 15, the Bitcoin network hashrate has dropped more than 49% after touching an all-time high at 218 exahash per second. Regional reports noted that in China the Xinjiang grid is having blackouts and “safety inspections.” Reports Claim Blackouts in Xinjiang, China Have Pushed Bitcoin’s Hashrate Down 49% At the time of writing, the Bitcoin (BTC) network hashrate has seen a 49% drop off after touching an all-time high (ATH). Data shows on April 15, BTC’s hashrate climbed to a massive 218 exahash per second (EH/s). Almost immediately after that point, the....
New Zealand's bitNZ will be shutting down after its banking partner declined to open bank accounts for the platform. Bitcoin is the most popular cryptocurrency of all times. Since its inception, the use of Bitcoin has skyrocketed, and people from all corners of the world now utilize it for trading and making transactions. However, the adoption lacks uniformity and then there are various regulations and dependencies that make it hard for Bitcoin-related businesses to sustain themselves. A New Zealand based cryptocurrency portal has become the prime example of such challenges faced by....