Category: Bitcoin (BTC)

Bitcoin Price Outlook for August: BTC Faces Some Important Tests in the Coming Weeks

Bitcoin Price Outlook for August: BTC Faces Some Important Tests in the Coming Weeks

Exactly one month ago today, bitcoin was trading below $20,000 per unit as crypto markets continued to react to growing levels of inflation and central bank policy. However, a month later, the world’s leading crypto token has moved above $23,000, despite consumer prices rising to multi-decade highs. So with this in mind, where could bitcoin […]

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Expert Predicts When Bitcoin Can Decouple From Stocks

Charles Edwards, the founder of the Capriole Fund, revealed that Bitcoin will decouple from stocks and will likely outperform them. However, arcane research recently reported that Bitcoin is still firmly following the stock market. Correlation Between Bitcoin and Stock Market According to Coinbase Institute Research, the crypto market and traditional financial market became increasingly correlated […]

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Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product

Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product

On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages derivatives contracts to create a bitcoin-backed synthetic dollar pegged to […]

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Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

Famed crypto analyst and creator of the stock-to-flow model PlanB, has expressed that the current market carnage is what everyone expects the market to do, according to him, things can’t get worse than they already are as these expectations have now already “priced in”. Does this count as the end of the bearish trend? The […]

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Here’s Why Crypto Prices Are Rising Despite Fed Rate Hike, Recession FUD

Despite the FUD surrounding the U.S. Fed rate hike and recession, the crypto market continues to climb higher. Top cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) prices have skyrocketed by 28% and 72% in July due to positive sentiments of bottom and bear market-end, whale activity, waning Fed rate hikes, and the Ethereum merge. The upward […]

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Zebedee Inks Deal With Mobile Game Studio Viker to Add BTC Rewards to Solitaire, Sudoku, Missing Letters

Zebedee Inks Deal With Mobile Game Studio Viker to Add BTC Rewards to Solitaire, Sudoku, Missing Letters

Seven days after the financial technology and bitcoin payments firm Zebedee announced it secured a $35 million capital raise, the company has revealed a new partnership deal with the mobile game studio Viker. The two companies have enhanced three classic video games with Zebedee’s bitcoin reward mechanics which include “Solitaire,” “Sudoku,” and the game “Missing […]

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Leading Auction House Christie’s Launches Web3 and Fintech Venture Arm

Leading Auction House Christie’s Launches Web3 and Fintech Venture Arm

On Monday, Christie’s, the leading British auction house founded 256 years ago in 1766, announced the launch of a new venture fund called Christie’s Ventures. According to the announcement, the company’s venture arm plans to focus on “[Web3] innovation, art-related financial products and solutions, and technologies that enable seamless consumption of art.” Christie’s Ventures to […]

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Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets

Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets

During the 12 months, public companies, private companies, exchange-traded funds, and even countries have added bitcoin to their balance sheets. As of July 17, 2022, the aforementioned types of entities hold approximately 1,325,396 bitcoins worth $27.84 billion today. However, the number of coins stored in bitcoin treasuries has dropped since June 5, 2021, by approximately […]

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Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador

Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador

The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran communities located in Apopa, Ilopango, and Soyapango. Donated Funds to […]

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