Jamie Dimon, the big boss at JPMorgan Chase, is at it again, unloading a fresh salvo on Bitcoin while giving blockchain tech a big thumbs-up. In a January 19, 2023, sit-down on CNBC’s Squawk Box, the CEO didn’t hold back, calling BTC a “hyped-up phony” and a “pet rock”—his latest jab after dubbing it a…
Bitcoin’s on a tear, climbing to a 10-week peak of $21,150, according to CMC data, with a 2.1% bump in the last 24 hours and a whopping 23% surge over the past week. The total crypto market cap’s flirting with $1 trillion, sitting at $996 billion, and BTC’s leading the charge. Twitter’s Documenting Bitcoin flagged…
Bitcoin miners are back in action after a stormy winter in North America sidelined rigs with power outages, only to find the network’s mining difficulty has spiked to a new all-time high. According to BTC.com data, the difficulty clocked in at 37.59 trillion on January 16, 2023, up 10.26% after hitting block height 772,128. That’s…
Bitcoin’s finally shaking off the doldrums, climbing past $18,000 after weeks of treading water—and it’s got some upbeat Consumer Price Index (CPI) data to thank. The crypto king’s riding a wave alongside other coins, with BTC/USD hitting $18,000-plus in Thursday’s trading, per TradingView data. It’s the highest it’s been since November 9, a welcome jolt…
The former CEO of BitMEX Arthur Hayes believes that the price of bitcoin may have reached its lowest point now that the majority of “irresponsible businesses” have run out of bitcoin to sell. The worst may have happened for Bitcoin, as stated by the former CEO of the marketplace for cryptocurrency derivatives since there are…
Even as the FTX collapse sent shockwaves through the crypto world, institutional investors aren’t backing away—they’re doubling down. Data from Bitstamp, a major cryptocurrency exchange, shows a surprising 57% spike in institutional registrations on its platform in November compared to October, right when the FTX saga was dominating headlines. It’s a bold move that flies…
Turkey’s Financial Crimes Investigation Agency announced on Monday, the 14 of November, that it is investigating FTX.com for the infamous collapse of the crypto exchange last week. MASAK notice claimed their investigation included looking into people, institutions, banks, and crypto service providers related to FTX. This may include local subsidiary FTX Turkey, which is listed among 134…
Bitcoin’s big players—those holding at least 1,000 BTC, worth about $17 million each—are dwindling. According to Glassnode’s December 3, 2022, data drop, the number of these whale wallets has sunk to a three-year low of 2,063. It’s a sign the crypto titans might be losing their nerve amid shaky market vibes. Looking back, history hints…
Bitcoin took a nosedive in the last 24 hours, leaving fans stunned and the market scrambling. Many figured the FTX collapse drama had mostly blown over, but analytics outfit Santiment says there’s more to this tumble than meets the eye—and it’s not just old news. Santiment, a go-to for on-chain crypto insights, points the finger…
More than six governmental regulatory bodies, including the U.S. SEC, CFTC, DOJ, California and other municipal governments in the US, the Bahamas, and the Japanese Financial Services Agency, have stated that they are looking into FTX occurrences. The Bahamas Securities Commission freezes FTX’s assets According to a statement released by the Bahamas Securities Commission on Thursday, the…