Page 8 - Bitcoin

Bitcoin hits six-week high as financial titans step up crypto initiatives

The largest digital asset rose as much as 6.1% and traded at $29,789 as of 11:26 am in New York on Wednesday, lifting the token's rebound this year to almost 80%. Smaller coins such as Ether, Cardano

Crypto wrap: Fed's rate hike comment, SEC cases drag Bitcoin to 3-month low

Bitcoin fell to its lowest in three months on Wednesday after US Fed's statement hinted that it may increase the rates in the upcoming policy announcements

Re-examining the Bitcoin scam case unveiled in 2021: Karnataka Minister

Karnataka Home Minister G Parameshwara on Wednesday said he was re-examining the multi-crore Bitcoin scam case, which had surfaced during the previous BJP regime in 2021. The Congress then in Opposition had accused the Basavaraj Bommai government of trying to cover it up as it "involved big names". "We (Congress) are in the government now, we are opening things. I'm re-examining the Bitcoin case, we are doing it. It's not even a month since we came to power..." Parameshwara told reporters in response to a question. The prime suspect, Srikrishna Ramesh alias Sriki , was accused of hacking the state government's e-procurement site and siphoning over Rs 11.5 crore. There were also charges of cryptocurrency theft, drug peddling and cyber fraud relating to the case. Regarding the Police Sub-Inspector (PSI) recruitment scam, the Home Minister said investigation is on in this case and the matter is also in the court. The government will do everything possible to get justice to the ...

US charges two Russian men over 2014 Mt Gox Bitcoin hack of $400 mn

Starting in 2011, Bilyuchenko and Verner stole a massive amount of cryptocurrency from Mt. Gox, contributing to the exchange's ultimate insolvency

Crypto wrap: Markets resilient amid SEC action against Binance, Coinbase

Despite the cases against two big crypto exchanges by the US SEC throughout the week, the crypto market cap was largely trading flat on Friday

Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe

Crypto companies, including Coinbase, dispute that crypto tokens are securities and have repeatedly called for the SEC to create clear rules

Crypto market cracks 5%, Bitcoin at 3-month low after US SEC sues Binance

In its complaint, the SEC alleged that Binance and Zhao had "free reign" over billions of dollars of crypto assets from the US

Crypto wrap: US debt ceiling negotiations keeping market on the toes

The negotiations around the US debt ceiling have been slow, but media reports suggest that US President Biden and US House of Representatives Kevin McCarthy appeared to be nearing a deal on Thursday

Crypto wrap: High fluctuation in market due to US debt ceiling crisis

Bitcoin options expiry on Friday is crucial for Bitcoin's price, given concerns about regulations and the US debt ceiling, experts said

US investors eye gold, treasuries, Bitcoin as debt-limit default risk peaks

Traditional haven currencies like the Japanese yen and the Swiss franc had some fans, but each were less popular than the US dollar or, perhaps more strikingly Bitcoin

Bitcoin sinks to lowest since March after falling for a second straight day

The largest digital asset fell as much as 3.2% on Friday to around $26,100, and is staring down its first back-to-back weekly losses since March

Crypto wrap: Market in the red, total m-cap falls to $1.1 trillion

During the week, the prices of crypto tokens dropped sharply after news broke of the US government selling 9.8K BTC worth $277 million

Bitcoin based-memecoin 'PePe' surge seen driving Binance anxiety

Cold wallets aren't connected to the internet, unlike hot ones, and are often viewed as a more secure way of storing digital currency

Bitcoin perpetuals becoming an even bigger driver of digital token's price

The perpetual contract was first introduced by crypto exchange BitMEX in 2016. Exchanges use the so-called funding rate - or the cost to trade

Bitcoin trading volume tanks massively by 58% to $492.9 billion in April

Bitcoin trading volume sank by almost $700 billion in April, historically seen as one of the strongest months for Bitcoin and other cryptocurrencies, bringing the biggest average monthly returns

Bitcoin sags after its longest streak of monthly gains since 2021

The token slid as much as 3.6% and was trading at $28,504 as of 6:40 a.m. in New York. Smaller coins such as Ether and Solana also retreated, as did an index of the top 100 digital assets

Bitcoin's monthly streak brings $100,000 into view if history is right

Bitcoin is set to climb for the fourth month in a row after eking out an April gain, the best such stretch since a six-month advance through March 2021

Crypto wrap: Market in the green ahead of US Fed announcement next month

The US Federal Reserve is expected to meet on May 2 and 3 to decide on further rate hikes

Bitcoin extends recent bout of volatility in climb back toward $30,000

The largest token rose as much as 3.7% on Thursday to trade at $29,469.45, before paring the advance to around $28,930 as of 9:30 a.m. in New York

Bitcoin begins to test inflection point while momentum slows: Report

The largest digital currency is trading around its 50-day moving average, with Paul Hickey of Bespoke Investment Group noting that the level to watch is $27,500