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Bitcoin (BTC) News

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Changpeng Zhao responded to the reduction of Tesla's bitcoin reserves

Changpeng Zhao responded to the reduction of Tesla's bitcoin reserves


At the beginning of this week, it became known that the American company Tesla sold the lion's share of bitcoins. The electric car manufacturer announced its investment in BTC last winter. From the financial statements for the second quarter of 2022, it follows that the company sold 75% of...

Tesla Bitcoin

Tesla Sells 75% of Its Bitcoin Holdings


The second quarter of 2022 was tough for the electric car producer Tesla, which reported a drop in profit after a previous shutdown of its Shanghai factory. Tesla reported that at the end of Q2, they converted about 75% of the Bitcoin purchases into fiat. Reports show that Tesla's second-quarter...

Bitcoin fear and greed index

Bitcoin Gets Out of the Extreme Fear Zone First Time Since May


In the last 24 hours, the Bitcoin price increased by about 8% and currently hovers over $23,500. Data from Bitcoin sentiment analytics website shows that the BTC Fear Greed Index went up from 21/100 to 31/100. Thus, Bitcoin has left the Extreme Fear zone, where it was since May....

USA crypto mining

US Congress Says Crypto Miners Should Reveal More Energy Data


The Congress of the US wrote a letter to the presidential administration related to crypto mining and its impact on surroundings. Democratic lawmakers questioned seven crypto mining firms about the energy they use. Reports show that miners are consuming essential amounts of electricity. Seven of...

Bitcoin crypto

Ex BlackRock Manager Says Bitcoin Will Be a Part of Every Wallet


Edward Dowd, ex officer at leading management corporation BlackRock, finds that Bitcoin will enter everyone's wallet. In a recent interview, he said Bitcoin may beat gold if it keeps maturing. According to Dowd, the cryptocurrency may achieve that due to its ability to be traded digitally and other...


Arcane Research: Miners Sold 14,600 Bitcoins in June


In May and June, miners sold most of the mined bitcoins. A study by Arcane Research says that just last month, mining companies sold almost 25% of the total amount of accumulated cryptocurrency. Over the past few weeks, they have sold about 14,600 BTC - almost four times more than in May, the...


Bitcoin jumps above $22,000 for the first time since early June


Bitcoin (BTC) starts the new week with a slight bounce. For the first time since June 8, the largest digital currency exceeded $22,000. At the time of publication of this review, it was trading at around $22,230. Altcoins on Monday, July 18, demonstrate multidirectional dynamics. Ether (ETH) and...

Kevin O'Leary

O'Leary: Buffett and Munger Don't Realize the Benefits of BTC and Blockchain


Financiers Warren Buffett and Charlie Munger fail to grasp the real potential of Bitcoin and other digital currencies. BTC is a brand new technology designed to revolutionize the global financial system, said popular TV presenter Kevin O'Leary. Recall that Buffett and Munger periodically criticize...

Charlie Munger

Financier Charlie Munger hits Bitcoin again


Last February, aged billionaire Charlie Munger said that investors should not buy bitcoin and other virtual coins. The cryptocurrency is trying to get the status of digital gold, however, due to the volatility of BTC, it has not earned the right to be called a safe-haven asset. This week, the...

Lightning Network Fed

The US Fed Is Exploring the Lightning Network


The Federal Reserve of the US has been exploring Bitcoin. The Cleveland Fed released a study titled "The Lightning Network: Turning Bitcoin into Money" which investigates LN's role for BTC payments. Lightening is a secondary transaction layer launched in March 2018, which operates outside...


Mike Novogratz doubts the collapse of Bitcoin to $13,000


Galaxy Digital CEO Mike Novogratz said in an interview that he does not believe in the possibility of reducing the price of the first cryptocurrency to $13,000. "Can we fall lower? Of course. There is a feeling that we have overcome this deleveraging by 90%. The problem is that further growth...

crypto survey Bitcoin

MLIV Pulse Survey Shows BTC Is More Likely to Hit $10K Than $30K


According to a survey by MLIV Pulse, Wall Street expects that the crypto decline will continue. 60% of 950 investors see the Bitcoin price to fall to $10,000 and not to grow. 40% of them expect BTC to increase to $30,000. The survey shows that opinions over cryptos are extremely different. 28% of...

Ruchir Sharma Bitcoin

Ruchir Sharma Says Bitcoin Can Grow as Amazon Did in the 2000s


Ruchir Sharma, a former investor at Morgan Stanley, author, and the Chair of Rockefeller International finds that Bitcoin's decline can end and the cryptocurrency can make a comeback as Amazon did in the early 2000s. Then, at the time of the dot com collapse, the tech company lost 90% but...

Bitcoin and monarchies

The Arab Nation May Soon Adopt BTC: Prince Philip of Serbia


In a Bitcoin Reserve Podcast, Prince Philip Karadjordjevic of Serbia & Yugoslavia shared his thoughts on how bitcoin can improve society and governments predicting that monarchies will soon adopt bitcoin. Philip Karadjordjevic, a Bitcoin maximalist, assumes that soon an Arab monarchy or a...


Dollar-Bitcoin Correlation Drops to Lowest Since 2021


Bitcoin and the US dollar show multidirectional movement dynamics. When the US currency adds value, BTC, on the contrary, retreats. Bitcoin is viewed by most experts as a risky asset, which is why it trades in tandem with tech stocks and is highly dependent on the US stock market. As a result of...


El Salvador bought an additional 80 BTC amid a drawdown in the course


On Thursday, June 30, the Salvadoran government purchased an additional 80 BTC for a total of $1.52 million, President Nayib Bukele announced this. “El Salvador bought 80 BTC today at $19,000 each. Bitcoin is the future. Thank you for the cheap sale,” Bukele wrote. On June 30, the rate of the...

CFTC Mirror trading

US CFTC Charges Mirror Trading With $1.7 Bln Bitcoin Fraud


US financial regulator, the Commodity Futures Trading Commission submitted charges against South Africa-based crypto trading platform Mirror and its head Cornelius Johannes Steynberg for running a misleading pool worth over $1.7 bln in BTC. According to the agency's filing, Mirror was fraudulent...

Deutsche Bank

Deutsche Bank Predicts Bitcoin Return to $28,000


The price of bitcoin may recover to $28,000 by the end of 2022, according to Deutsche Bank experts. According to the bank's strategists Marion Labour and Galina Pozdnyakova, the growth will be associated with a rally in the US stock market. Experts have noticed that since November, cryptocurrencies...