Bitcoin Bullish Signal: Netflow Observes Sharp Negative Spike | Bitcoinist.com
Shortly following that previous spike, the price of the coin had a rally. …Read the full story
Category: Bitcoin
Luxury Brand Gucci Accepts Bitcoin, Shiba Inu – TheStreet
“The news of Gucci announcing its accepting cryptocurrencies as payment later this month means that there will be a growing demand for crypto-to-fiat conversion as Gucci will be ultimately accepting fiat funds,” said Fuad Fatullaev, founder and CEO of WeWay. “On the flipside, acceptance of cryptocurrency payments could provide an amount of unpredictability on sales […]
Senators Smith, Warren Question Fidelity on Plans to Allow Bitcoin Investments for 401(k) Plans
Despite DOL’s warning, Fidelity last week announced its Digital Assets Account, which will allow individuals to have a portion of their retirement savings allocated to Bitcoin through their 401 plan. …Read the full story
Crypto Industry Leader Bitcoin.com Secures $33.6 Million in VERSE Token Private Sale
On Wednesday, the leading crypto industry firm, Bitcoin.com, announced it has concluded a private sale of its VERSE token and secured $33,600,000 from strategic investors. This week, Bitcoin.com revealed that it has completed a private sale of its VERSE token and raised $33.6 million from participating investors. On May 5, 2022, Bitcoin.com announced that it […]
Bitcoin, Ethereum Continue to Fall as Losses Deepen Across the Crypto Market – Decrypt
Declining 8% in just 24 hours, Bitcoin dipped below $36,000 before stabilizing. The gist of the narrative is that traders reacted with relief yesterday that the Fed’s inflation measures were measured before realizing today that the 0.5 percentage point increase on interest rates are still very high by historical standards. After starting the year at […]
Bitcoin Hit Hard by Inflation Fears, Suffers Worst Daily Drop Since January – Blockworks
Bitcoin has plummeted this much in a single day on just one other occasion this year. …Read the full story
Yield App Is Giving Up To 7.5% Interest On Your Bitcoin – Outlook India
Investing is a long-term game and the smartest thing to do often is to do nothing at all, especially during a bear market. Now think for a moment. This is where passive income can play a pivotal role in helping you grow your wealth, while also protecting your assets when markets are down. ● Investing […]
Argo Stock Jumps as it Celebrates Opening of Texas Bitcoin Mine – Blockworks
In fact, word broke of a $70-million loan from crypto service provider NYDIG Wednesday, cash Argo will use to acquire more mining rigs — bringing the total loan above $97 million. “I’m extremely grateful to everyone who has been involved in the planning and execution of Helios,” CEO Peter Wall said in a statement. The […]
Elizabeth Warren is worried about Fidelity’s plan to offer bitcoin in 401(k)s – CNN
Tina Smith sent a letter to Fidelity this week asking, among other things, why it didn’t heed earlier concerns by the Department of Labor on the issue of including cryptocurrencies in 401 retirement accounts. Last week, a top DOL official reiterated the agency’s worries that Americans’ retirement security could be put at risk. Bitcoin, meanwhile, […]
Bitcoin Plunges Most in 2 Months Amid Stock Market Sell-off – CoinDesk
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Gucci To Accept Bitcoin, Crypto In Select US Stores
The report states that typical retailer setups enabling companies like Gucci to accept cryptocurrencies usually consist of the retailer automatically converting the cryptocurrency into fiat. …Read the full story
Bitcoin.com Completes a $33.6M Private Sale for its New Ecosystem Token VERSE | News Direct
“VERSE is user-centric and adds tremendous value across our range of crypto products and services including the Bitcoin.com self-custody wallet app, the Bitcoin.com Exchange, the Verse DEX, Bitcoin.com News, and our upcoming crypto-enabled debit card. VERSE, which will be minted first this summer as an Ethereum token, is closely comparable to CRO, BNB, and FTT, […]
Bitcoin price hits 10-week lows as $40K spike becomes ‘nasty bull trap’ – Cointelegraph
At the time of writing, BTC/USD traded at around $37,000, having recouped a modest portion of the ground given up in the first two hours of the Wall Street session. “Can you imagine how disastrous this will be for central bank credibility if this equity market keeps unwinding in the coming weeks and they need […]
Luna Foundation Guard further bolsters stablecoin reserve by raising $1.5 billion in bitcoin – CNBC
In its latest bitcoin acquisition this week, the Luna Foundation Guard closed a $1 billion OTC swap with crypto prime broker Genesis for $1 billion worth of UST. “There’s another corner of the market that’s mostly institutional,” he added. Genesis has one of the largest wholesale lending businesses in crypto. By participating in this transaction […]
Bitcoin Drops The Most In Almost A Month As Fed Optimism Fades; Ether Slumps 7.2% | Mint
Ethereum, the next largest token, also slumped as much as 7.2%. Still, in this higher-rate environment, Bitcoin hasn’t been able to break out in any meaningful way beyond its highs at the start of the year. Money has been flowing out of the sector amid the malaise. …Read the full story
Bitcoin drops by most in almost a month as Fed optimism fades | Crypto News | Al Jazeera
The largest digital currency fell as much as 8.4% to $36,639, the biggest intraday drop since April 11. “The market still needs to digest the impact of tighter monetary policy on all risk assets and crypto might take a hit as correlations” with U.S. The U.S. Still, in this higher-rate environment, Bitcoin hasn’t been able […]
Bitcoin Dips Below $38K; Support at $30K-$32K – CoinDesk
…Read the full story