Bitcoin’s latest sideways movement caused a stir in the crypto market, with traders pointing fingers to a variety of different factors as the main catalysts for the slump. However, digging a little deeper shows that most of the usual suspects had little chance of causing BTC’s drop to $55,000. Instead, analysts believe that the world’s…
Fidelity Charitable, the largest grantmaker in the US under the Fidelity Investments banner, has reportedly accepted approximately $270 million via crypto donations since the beginning of 2021, it said in a release. Founded in 1991, Fidelity Investments Charitable Gift Fund (Fidelity Charitable) is the largest public charity in the United States that holds assets worth…
The Bitcoin Taproot upgrade went live on November 14 to much fanfare. However, since then, the price of Bitcoin has dropped 11%, triggering calls that it has failed to live up to expectations. John Todaro, the Vice President at financial services firm Needham & Co, commented that wider macro factors were at play, in effect,…
Stackswap is taking DeFi on Bitcoin to the next level with the launch of the very first decentralized exchange (DEX) to settle transactions on the Bitcoin network via Stacks. Stackswap stitches together some of the existing DeFi tools within the Stacks network and enables users to engage in swaps, liquidity mining, token creation, and yield…
The trustee of defunct Bitcoin exchange Mt. Gox announced that creditors have agreed to a $9 billion redistribution package. This would see around 141,000 Bitcoin returned to investors who lost out following the infamous hack in February 2014. While this is welcome news to victims, it still represents a fraction of what was taken. Nonetheless,…
The cryptocurrency market saw almost $875 million in liquidations on Tuesday, with over 215,000 traders liquidated across multiple exchanges. According to data from CoinGlass, the largest single liquidation order happened on Binance, where a $10.37 million LTC/USD position was closed. Bitcoin led the way when it comes to liquidation size, with just under $7 million,…
Following a harsh clampdown imposed by China on Bitcoin-related transactions, the exiled miners from China found refuge in Kazakhstan to mine Bitcoin without excessive government intervention. The country’s cheap electricity supply has made Kazakhstan a popular choice for miners to mine Bitcoin, however, the recent development has propelled the country to reconsider its newly acquired…
Mayor Suarez of Miami has announced a unique way to mainstream Bitcoin. In an interview with Coindesk TV, Suarez has confirmed that each Miami resident with a digital wallet will soon be eligible to receive additional profits or Bitcoin yields earned on the city’s Miami coin. In an interview held on November 11, Suarez said…
Bitcoin is being used as a fail-safe mechanism during times of natural disaster in Africa. According to TechCrunch, the eruption of the Mount Nyiragongo volcano in the Democratic Republic of the Congo in May caused mass displacement of families in the surrounding region. In the chaos of the situation, Bitcoin was being used as a…
Bitcoin fell nearly $4,000 in a steep plunge this morning, taking with it the broader crypto market and causing over $500 million in ‘long’ liquidations. Funding rates were high across the board on Tuesday, leading to some traders commenting on an impending market drop. “Open interest reached an ATH. Let’s do a little bullish shakeout…