New Bitcoin bull market hodlers are refusing to sell at $40K, data suggests

Bitcoin (BTC) investors continue to hodl BTC at $40,000, even if they bought it at lower levels earlier in 2021. In the latest edition of its newsletter, The Week On-Chain, on June 14, on-chain monitoring resource Glassnode revealed that buyers from the first months of this year’s bull market are refusing to cash out. “Very […]

Continue Reading

Crypto miners eye cheap power in Texas, but fears aired over impact on the grid

The recent crackdown on crypto mining in China has seen concerns expressed over the potential impact a hashrate migration could have on Texas’ unreliable electricity market, as an increasing number of dislocated miners eye the Lone Star State. Texas’ abundant sources of renewable energy and highly deregulated power grid make the state an obvious choice […]

Continue Reading

Listed companies, trusts and ETPs now control almost 7% of the Bitcoin supply

More than $6.5 billion worth of BTC — or close to 1% of the crypto asset’s entire capitalization — is held by 19 publicly-listed companies. A further 5.75% of Bitcoin’s market cap is held by exchange-traded products and closed-ended trusts. The figures are contained in a new study by Nickel Digital Asset Management. The 19 […]

Continue Reading

Ethereum price bounce to $2.6K fails to excite neutral-to-bearish pro traders

While speaking at the Virtual Fintech Forum in Hong Kong on May 27, Ethereum co-founder Vitalik Buterin commented on obstacles related to the Ethereum 2.0 rollout. Buterin said that there had been several internal team conflicts in the past five years and as a result, he confirmed that Ethereum 2.0 launch is unlikely to occur […]

Continue Reading

Democratic lawmakers have formed group to address regulatory concerns around crypto

Maxine Waters, who represents California’s 43rd congressional district in the U.S. Congress, said she had organized a group of Democratic lawmakers for a deep dive on cryptocurrencies and central bank digital currencies.  In a Tuesday virtual hearing of the U.S. House of Representatives’ Task Force on Financial Technology, Waters said “cryptocurrencies and other digital assets” […]

Continue Reading

Traders look for Bitcoin price daily close at $41K to confirm bullish reversal

Bitcoin started the week with a strong breakout to $40,900, but today bulls are trying to hold Bitcoin price above the $40,000 level.  As the price broke from the $31,000 to $39,000 range on June 14, traders speculated that setting a daily higher high and a close above $41,000 would set BTC up for a […]

Continue Reading

Regulators urge the SEC to focus on nascent FinTech sectors

The US Securities and Exchange Commission has now postponed the review of three Bitcoin ETF applications. The SEC sent out a notice detailing that it has delayed its decision-making regarding Kryptoin’s proposed Bitcoin ETF. The agency explained that it had extended the period in which it would make its decision for an additional 45 days. […]

Continue Reading

Crypto’s fraught relationship with Elon Musk: Ambassador or liability?

When Tesla CEO Elon Musk revealed his company’s Bitcoin (BTC) exposure and announced the launch of crypto payments, BTC took off to reach its all-time high. Shortly thereafter, however, Musk started tweeting about concerns over BTC’s environmental impact and Tesla reversing its crypto payments policy, leading to Bitcoin losing half of its value and the […]

Continue Reading

Next-gen DeFi token launchpad Lemonade announces DePo IDO public sale

Singapore, Singapore, 15th June, 2021, After the successful STAK token sale, Lemonade to hold it’s first IDO launch, DePo on June 17, 2021 Lemonade, a DeFi token launchpad governed by the Jigstack DAO, is excited to announce the IDO of DePo. The DePo whitelist process starts June 17, 2021, whereas the public sale final date […]

Continue Reading