Cryptocurrency

Friday’s U.S. jobs report has seemingly set the stage for the Federal Reserve (Fed) to start cutting interest rates, with the first move likely to happen next week. The supposedly bullish liquidity easing cycle may klick off on a sour note for risk assets, including cryptocurrencies, if the Fed cuts rates by 50 basis points […]

Bitcoin ATMs are a rapidly growing presence in the United States and, some experts say, a rapidly growing cybercrime menace. ATMs dealing in bitcoin are similar to their cash cousins: there are PINs to punch and withdrawal fees, just like any other ATM. Unlike cash ATMs, though, the high value of crypto makes them prime targets for hackers. So, while a cash […]

A subsidiary of the Tokyo Electric Power Co. (TEPCO) is reportedly venturing into Bitcoin mining as part of an endeavor to save wasted renewable energy. The Tokyo-based TEPCO subsidiary Agile Energy X is experimenting with harnessing waste solar energy to power Bitcoin mining rigs, with its president, Kenji Tateiwa, claiming its success “would prompt more […]

This has been one of the greatest investments in the past decade. In the past 10 years, Bitcoin‘s (BTC 0.61%) price skyrocketed from $478 to $58,400 today, translating to a monster 122-fold gain. In fact, this leading cryptocurrency has outperformed every other asset class in eight of 11 full calendar years since 2013. That’s a phenomenal track record. Investors […]

There has been a “massive” surge in the amount of money consumers have lost to scams involving Bitcoin ATM machines, according to the Federal Trade Commission (FTC). The amount of money lost has increased tenfold since 2020, notching over $110 million in 2023. Within the first six months of the year, fraud losses to Bitcoin […]

A new report from River—a Bitcoin technology and financial services firm—forecasted that some companies in the United States will increase their exposure to Bitcoin over the next 18 months. According to the report, an estimated 10% of US-based companies will likely convert 1.5% of their treasury reserves, or approximately $10.35 billion, to Bitcoin over the […]

A Bitcoin correction below the $50,000 psychological mark could occur as soon as this weekend, threatening to create more downward pressure in September, which is a historically bearish month. The Bitcoin price could see more downside pressure this weekend as whales (entities holding large amounts of BTC) look to lock in profits. One savvy whale […]

According to Fortune, Coinbase’s Chief Financial Officer, Alesia Haas, said that U.S. Vice President and Democratic presidential nominee Kamala Harris is using the company’s Commerce platform to accept cryptocurrency donations for her campaign. The statement was made during a conversation with Citigroup’s Director of Payments, Peter Christiansen, at the Citi 2024 Global TMT Conference in New […]

Bitcoin failed to hold levels above $58,000 Thursday morning, slipping to $56,700 and trading flat on the day. Per data from CoinGecko, the price of Bitcoin is currently $56,794, up 0.6% in the past 24 hours and down 4.7% on the week. Even as Bitcoin dropped to a little below 20% under its all time […]

Bitcoin network activity has hit three-year lows as a sense of “disinterest” descends over crypto markets. In one of its Quicktake blog posts on Sept. 4, onchain analytics platform CryptoQuant warned over new BTC price weakness. Bitcoin transaction numbers fall nearly 400,000 per day Bitcoin transaction numbers have suffered as a result of months of sideways BTC […]