Bitcoin

On June 19, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows totaling $5.1 million last week. The outflows contributed to the continuation of a nine-week streak of outflows, resulting in a cumulative total of $423 million. The report noted that despite this downward trend,

After a momentary retest of the $25,000 support on June 15, Bitcoin (BTC) gained 6.5% as bulls successfully defended the $26,300 level. Despite this, the general sentiment remains slightly bearish as the cryptocurrency has declined by 12.7% in two months. The dismissal of Binance.US’s temporary restraining order by United States district court Judge Amy Berman

Solana Saga, the Web3 mobile phone Solana launched its Web3 mobile phone, the first of its kind, in April 2023. The phone packs all the usual functionalities users have come to expect from a smartphone and tops it up with a Web3 experience. It includes a decentralized application (DApp) store and seamless integration across crypto

Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity. Episode 13 of Cointelegraph’s Macro Markets begins by exploring why the United States Federal Reserve’s

Bitcoin (BTC) emerges from a hectic macro week to circle some classic trend lines near $26,000 — what could happen next? After some brutal tests of traders’ resolve over the past seven days, BTC price is still determined to hold familiar ground. Market participants are in “wait and see” mode as a lack of clear

Gaming on Macs to suck less Is Apple’s reign as the worst platform for gaming coming to an end? Amidst all the hype about their long-rumored VR/AR headset, slated for release in early 2024 (queueing outside the Apple Store starts in October), it’s not the only signal that Apple might finally be sorting out its

The bears lost an opportunity when they failed to sustain Bitcoin (BTC) below the $25,000 level this week. That may have attracted buying from the bulls who are attempting to start a recovery in Bitcoin and select altcoins.  Additionally, BlackRock’s application to launch a Bitcoin spot price exchange-traded fund and the sustained strength in the

Bitcoin (BTC) plans by BlackRock appear to have sparked a rally in the “OG” institutional BTC investment vehicle. Data from monitoring resource CoinGlass shows that on June 17, the Grayscale Bitcoin Trust (GBTC) almost hit new 2023 highs. GBTC “premium” heads below -37% Bitcoin market sentiment showed a modest improvement late last week as news

Top Stories This Week US lawmakers file ‘SEC Stabilization Act’ to fire Gary Gensler United States Representative Warren Davidson has introduced the “SEC Stabilization Act” into the House of Representatives. One of the bill’s main provisions is to fire Securities and Exchange Commission (SEC) Chair Gary Gensler. The bill would remove Gensler from office and

Bitcoin (BTC) is witnessing a tough battle between buyers and sellers near the $25,000 mark. A minor cause of worry for the bulls is that even the news of BlackRock having filed an application for a Bitcoin spot exchange-traded fund could not boost prices higher. This suggests that investors remain cautious due to the regulatory

Proof-of-work coins that had a fair distribution at their launch are the most likely to avoid being labeled as securities by the U.S. SEC, according to Bitcoin OG and educator Dan Held.  Last week, the SEC sued Binance and Coinbase, accusing them of offering a number of altcoins as  unregistered securities. As a result, many

Bitcoin (BTC) headed toward a “crucial area” after the June 16 Wall Street open as a recovery from three-month lows continued. Bitcoin reinforces rebound from multi-month lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $26,000 on Bitstamp. BTC price built on an overnight rebound from its lowest levels since early March amid

There is no way to measure the amount of Bitcoin (BTC) that is being sent to self-custody wallets so far, according to one industry executive. Amid the ongoing FUD over lawsuits against major cryptocurrency exchanges, investors have been increasingly offloading their Bitcoin from crypto trading platforms. As of mid-June, Bitcoin’s exchange supply fell to its

Amid the expanding trend toward self-custody, hardware wallet Trezor’s CEO Matej Zak has highlighted the most relevant development vector for the company so far – enhancing usability to significantly increase the number of users over the next few years. Speaking to Cointelegraph at the BTC Prague 2023 conference on June 9, Zak said: “Educate hard and

Bitcoin (BTC) recovered some lost ground on June 16 as markets shook off mixed United States macro signals. BlackRock Bitcoin ETF plan buoys markets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $25,500 on Bitstamp, after bouncing around $1,000 from the previous day’s lows. Popular trader Skew followed moves on major exchange Binance

Bitcoin adoption could swell in Cuba, particularly if private businesses understand the upside to accepting Bitcoin as currency. That’s according to a Cuban businessperson and Bitcoin advocate, Erich Garcia Cruz. A recent emigrant to the United States, Cruz is a vocal proponent of Bitcoin adoption in Cuba. Cruz leads the remittance and money transfer services

BlackRock’s latest filing for a spot Bitcoin (BTC) trust will drive investors’ confidence in Bitcoin and may even be “the best thing that could happen” to BTC, according to some crypto industry observers — but others warn of a hidden cost. During an interview on June 16, Galaxy Digital CEO Mike Novogratz said the approval

Hong Kong lays out the red carpet for crypto exchanges While some jurisdictions (cough: America) have adopted a regulation-by-enforcement approach toward crypto, others are doing the opposite. According to a June 15 report from The Financial Times, the Hong Kong Monetary Authority is pressuring major financial institutions to accept crypto clients. But it’s not just

While intuitively, mining Bitcoin may appear like a highly profitable endeavor, research suggests otherwise.  After discovering Bitcoin, most users go down the rabbit hole and consider whether it is better to mine or buy Bitcoin directly. They usually give up due to the cost and rigor of running ASIC miners, regulatory uncertainty, and the lack

Bitcoin (BTC) is copying the prelude to its 2020 breakout to an “insane” extent, the co-founders of Glassnode have said. In a tweet on June 15, Yann Allemann and Jan Happel highlighted three BTC price metrics which are anything but bearish. Metrics echo Bitcoin’s “major reversals and rallies” BTC/USD reached local highs of $31,000 in

Defunct crypto lender Celsius has revised its bankruptcy filing, awaiting approval from a bankruptcy court in New York after a successful acquisition deal with the Fahrenheit crypto consortium. The crypto lender filed its reorganization plan on June 15. Under the revised plan, Celsius will convert all altcoins from customers, with the exception of “Custody and Withhold