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Bitcoin ends the week below $ 35,000, with the coin trading at $ 33,670 on Saturday. According to some analysts, BTC is unlikely to break through to $ 35,000 in the coming days. Network activity remains weak, which means that no serious movements in the market will take place soon. Data from the...
Data from Glassnode reveals that the BTC blockchain faces the largest decline since its creation. The mining difficulty of the coin went down by around 28% at block 689,471 on July 2. #Bitcoin mining difficulty just saw its largest downward adjustment in history: -28%https://t.co/dREzQkzRBk...
Bitcoin met July at $ 33,500. The coin attempted to break above $ 37,000 at the beginning of the week but failed to break the resistance that sharply increased after breaking the $ 35,000 mark. At the very beginning of the second quarter of 2021, BTC was trading at around $ 58,800. However, by the...
In early June of this year, the Parliament of El Salvador adopted a bill on the legalization of bitcoin, initiated by the team of the country's President Nayib Bukele. However, international financial organizations represented by the World Bank and the IMF criticized this decision by the...
On July 1, a law came into effect in Germany, giving the right to investment funds to invest in products focused on the cryptosphere. In theory, more than € 400 billion could be channeled into digital assets. The law allows institutions to channel up to 20% of their capital into innovative...
Data from Glassnode shows that the number of Bitcoin active addresses has dropped by around 60% over the previous six weeks, becoming 758.000 from 1.3 M. This is the lowest indicator since April 2020. Daily transaction volume is also down. It fell below 300.000 for the first time since March 2020....
In a report by analysts from the investment bank JPMorgan, it is said that in the Q2 of 2021, institutional investors began to withdraw from bitcoin en masse. The driver of the change in the tactics of major players was the fall in the value of the largest cryptocurrency in May. At the same time,...
Tokyo-based multinational bank SoftBank has invested $200 M in Brazil's primary crypto exchange Mercado Bitcoin. The capital was attracted in terms of a Series B round. Thus, with the funding of digital asset 2TM Group, which owns the platform, its valuation reached around $2.1 B. 2TM aims to use...
At the end of last week, the President of El Salvador Nayib Bukele promised to give out $ 30 in bitcoin to all residents of the country. Then it became known that the state would send this cryptocurrency to Chivo crypto wallets. The developers of this service have become official partners of the El...
New York-headquartered international bank Morgan Stanley acquired 28,289 shares of Grayscale Bitcoin Trust via its Europe Opportunity Fund. The recent filing with the SEC shows that the deal took place in April. The Fund's objective is to get the highest amount of income by investing in assets that...
Earlier this week, it became known that one of the largest banks in South America is ready to work with bitcoin (BTC). Mexican Banco Azteca will be able to become part of the infrastructure for processing crypto transactions, said the head of this financial giant Ricardo Salinas Pliego. The...
On June 28, the asset management ARK Invest applied with the US SEC to create its BTC-based exchange-traded fund. The company's founder and CEO, Catherine Wood, who has always supported innovations, now has a goal to offer a Bitcoin-based product. Despite the present price decline, Catherine Wood...
Billionaire Ricardo Salinas Pliego represents the bitcoin camp. It ranks 166th in the world in terms of its capital. Late last week, the financier announced that his bank would be the first in Mexico to handle cryptocurrency. Banco Azteca will handle bitcoin transactions, Pliego said. MicroStrategy...
The cryptocurrency market is still dominated by bearish sentiment. The risks of a new Bitcoin rollback periodically increase according to a study by JPMorgan investment bank analysts. They do not exclude that the result of the negative trend that we have been observing over the past few weeks will...
Crypto billionaire, the founder of the exchange FTX, Sam Bankman-Fried, expressed his views about the future price of Bitcoin during a recent interview with Yahoo Finance. He is sure the crypto trading trend came to stay. Sam Bankman-Fried said he would be surprised if there wasn't at least one...
In early June, the El Salvadorian parliament supported the president's initiative and passed a law to legalize bitcoin. The country's authorities went even further and promised each citizen to transfer $ 30 in BTC. However, to do this, the person needs to install an official Bitcoin transaction...
Galaxy Digital billionaire and founder Mike Novogratz believes that there is no reason to panic, and Bitcoin will surely win back after a painful fall. The businessman expressed such a forecast in an interview with Bloomberg and once again reiterated that BTC and other digital currencies are the...
The two brothers who founded the South African company Africrypt disappeared with bitcoins totaling up to $ 3.5 billion. As Bloomberg clarifies, businessmen disappeared along with 69,000 BTC. Back in April, one of the brothers, Amir Kaji, announced that his crypto company had been hacked. After...
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