Today, early in the morning in Asia, Block Inc. CEO Jack Dorsey unveiled the company’s most recent strategy. Dorsey announced that it plans to use the dollar-cost averaging (DCA) technique to buy Bitcoin (BTC) on a monthly basis. Block’s dedication to incorporating Bitcoin into its financial plan is demonstrated by this action. It also highlights … Read more
The current dip in Bitcoin BTC bears some parallels to the cryptocurrency’s behavior following the debut of the US ETF in January. A trader has indicated that this could indicate an upsurge in the “next week or so.” Exchange-traded funds (ETFs) for spot bitcoin were introduced in Hong Kong on April 30 and have since … Read more
It’s Friday, which means it’s time for the expiration of bitcoin options. It is anticipated that $1 billion in Ethereum (ETH) options and $1.39 billion in Bitcoin (BTC) options will settle today. What will happen to the prices of ETH and BTC? Today will see the expiration of Bitcoin options contracts worth about $1.39 billion. … Read more
Growing interest in Bitcoin-native decentralized finance (DeFi) has led to an all-time high in active users for leading Bitcoin layer-2 (L2) network Stacks. In April, Stacks hit a new record-breaking high of 122,497 active accounts. As per the May 2 X post by Bitcoin BTC data provider Signal 21, active accounts are those addresses that … Read more
Following many days of precipitous declines, the price of bitcoin had a roughly two-fold boost following the Federal Reserve’s decision not to raise interest rates, but it promptly declined again. Today, the cryptocurrencies are in much better form because to several noteworthy gains made by projects like PEPE, Ripple, Polkadot, ICP, and Solana. The Volatility … Read more
Following the Fed meeting, Bitcoin [BTC] eased its two-day losing run. The US Federal Reserve kept interest rates constant on May 1st, as was predicted. This is the sixth Fed meeting that the rate has been held between 5.25% and 5.50%. The Fed did point out that rate reductions are not appropriate until there is … Read more
On Wednesday, investors sold out U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) at the fastest rate possible, despite Jerome Powell, the head of the Federal Reserve (Fed), discounting the likelihood of a rate hike. According to data sources Farside Investors and CoinGlass, the 11 ETFs had a collective net outflow of $563.7 million, the biggest … Read more
The US-based corporate intelligence and software firm MicroStrategy has unveiled Orange, a brand-new decentralized identity protocol. This novel technique was introduced on May 1 at the annual MicroStrategy World conference in Las Vegas. Orange distinguishes itself by utilizing an innovative approach to store data linked to decentralized IDs (DID) on the Bitcoin (BTC) blockchain: inscriptions … Read more
After training an artificial intelligence (AI) model on a record 200 million transactions, blockchain analytics company Elliptic claimed to have found possible money laundering tendencies on the Bitcoin network. This work is a follow-up to a 2019 program that utilized a dataset with only 200,000 transactions. 122,000 tagged “subgraphs,” or collections of related nodes and … Read more
The Department of Justice reports that Roger Ver, a cryptocurrency entrepreneur and promoter of Bitcoin Cash, was detained in Spain on suspicion of mail fraud and tax evasion totaling close to US$50 million. The indictment claims that after giving up his US citizenship in 2014, Ver neglected to declare capital gains from his sizable Bitcoin … Read more