One of the most bullish non-crypto companies, US-based software developer MicroStrategy, confirmed that it recently acquired BTC 19,452, increasing its stash to BTC 90,531 (USD 4.5bn). In their latest deal, the Michael Saylor-led company spent USD 1.026bn (inclusive of fees and expenses) paying an average price of approximately USD 52,765 per BTC, the firm said.…
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Bitcoin price tested the USD 45,000 support zone, where the bulls appeared. BTC started a decent recovery wave above USD 48,000 and USD 50,000. It is currently (05:00 UTC) trading above USD 50,000, but it must settle above USD 52,000 for a fresh increase to USD 58,000. Similarly, there was a steady recovery in most…
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Wikipedia/World Economic Forum/swiss-image.ch/Photo by Remy Steinegger Microsoft supremo Bill Gates has distanced himself from bitcoin (BTC) buying, dismissing fellow American entrepreneur Elon Musk’s own crypto moves – while talking up a digital money or payments infrastructure that to some BTC advocates will sound very familiar. In an interview with Bloomberg, Gates claimed that he is…
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After more than USD 4bn in cryptoasset trading position was liquidated yesterday, another USD 1bn was liquidated today in just one hour as a selloff in the crypto market intensified, increasing bitcoin (BTC)’s dominance. __ Read the update: Bitcoin Rebounds From USD 45K, Ethereum and Altcoins Pair Losses __ Almost 91% of the liquidated positions…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news Indian billionaire investor Rakesh Jhunjhunwala, sometimes referred to as India’s Warren Buffett, told CNBC that the country’s regulators should ban cryptocurrencies such as bitcoin (BTC). “I Read more »Pay, Trade, Buy…
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Raoul Pal. Source: a video screenshot, Youtube/Real Vision Finance The old economic models used to grasp various asset price bubbles from the past are distorting our view of bitcoin (BTC)’s recent price spike, as cryptocurrencies should be considered as exponential trends powered by network effects, according to macro investor Raoul Pal. This is due to…
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Bitcoin price extended its decline below the USD 50,000 support level. BTC even declined below the USD 47,500 support level and tested USD 45,000. However, the price rebounded sharply, jumping to almost USD 49,000 (12:58 PM UTC) and trimming its daily losses to 8%. Similarly, there was a strong drop in most major altcoins, followed…
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Peter Schiff. Source: a video screenshot, Youtube, Peter Schiff The bitcoin (BTC) arch-skeptic Peter Schiff and crypto man-of-the-moment Elon Musk have come to virtual blows on (you guessed it) Twitter in a war-of-words over BTC…and vegetable emojis. Yes, 2021 has just out-2021ed itself, and crypto advocates on the social media platform are having a field…
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Source: iStock/standret, Cryptonews.com Major crypto exchange Bitfinex and Tether, the issuer of the most popular stablecoin, tether (USDT), said they have reached a settlement of legal proceedings with the New York Attorney General’s Office (AOG). However, both companies are banned from offering trading services in New York, while Tether is obliged to disclose how tethers…
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Bitcoin price is down over 10% and it broke many important supports near USD 55,000 and USD 52,000. BTC is currently (05:00 UTC) struggling to settle above USD 50,000. A daily close below USD 50,000 may possibly open the doors for more losses towards USD 45,000. Similarly, there were strong bearish moves in most major…
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