Bitcoin exchange LocalBitcoins has announced its closure after serving customers for more than 10 years, citing the ongoing bear market. In a recent posting on its website, the exchange said it would be shutting down in the coming weeks due to tough market conditions. The platform said they reached this decision after efforts to overcome the current…
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Bitcoin options markets are signaling that investor sentiment has hit a new low for the year, as investors face a mounting wall of worries including the prospect of a regulatory crackdown in the US and a possibly more hawkish US Federal Reserve monetary policy outlook. That’s according to data provided by crypto analytics firm The…
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The 14-Day Exponential Moving Average (EMA) of the number of transactions taking place on the Bitcoin network hit its highest level since April 2021 earlier this month, according to data from crypto analytics firm Glassnode. The 14-Day EMA of transactions recently surpassed 300,000, with analysts and cryptocurrency market commentators citing the recently deployed Bitcoin NFT…
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Craig Wright, the Australian computer scientist and self-proclaimed Satoshi Nakamoto, has had a copyright claim for Bitcoin rejected by a London court, with the judge saying the subject matter “is not expressed or fixed anywhere.” In the court ruling, Judge James Mellor noted that Bitcoin can’t be treated as literary work and protected by copyright…
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The number of Bitcoin wallet addresses holding a non-zero balance of the world’s first, most popular and largest cryptocurrency by market capitalization hit a new record high this week, suggesting the Bitcoin network’s global adoption continues to press ahead despite 2022’s challenging bear market and a tough global economic outlook for 2023…. Read More: Bitcoin…
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An important technical event just occurred in the Bitcoin market. For the first time in more than a year, Bitcoin’s 50-Day Simple Moving Average (SMA), now at $19,825 just moved to the north of its 200-Day SMA, now at $19,723. When the 50-Day SMA moves above the 200-Day SMA, technicians refer to this as a…
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Gavin Andresen, the former lead Bitcoin developer appointed by Satoshi Nakamoto himself, now regrets that he once supported the controversial Australian computer scientist Craig Wright. Writing on his personal blog earlier this month, Andresen called it “a mistake” to trust Craig Wright, and said he regrets “getting sucked into the ‘who is (or isn’t) Satoshi’…
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The crypto market could be facing its “first real recession,” and milestones similar to the invention of Bitcoin (BTC) cannot be ruled out, a well-known Bloomberg strategist has predicted. Writing on Twitter this weekend, Bloomberg’s Senior Market Strategist Mike McGlone reminded his followers that the last major economic contraction in the US, the Global Financial…
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Michael Saylor, the co-founder and former CEO of MicroStrategy, has addressed Charlie Munger’s criticism of Bitcoin, claiming that he hasn’t taken the time to understand Bitcoin. … Read More: Billionaire Michael Saylor Responds to Charlie Munger’s Criticism of Bitcoin – This is What He Said Read more »Sign up for e-EUR – the progressive stablecoin
