Cryptocurrency

Yesterday, the majority of the cryptocurrencies were flashing red as Bitcoin price lost its hold over the $23,000 mark. However, today, the flagship currency is not only trading above the $23k area but has also reclaimed the $24,000 level.At the time of reporting, Bitcoin is trading at $24,595, after a spike of 2.65% in the last 24hrs.Meanwhile,…

This is an opinion editorial by Mike Ermolaev, head of public relations at the ChangeNOW exchange.As a retail trader or someone who just got started with bitcoin not long ago, you may be searching for clues about what to expect next with its price. A second opinion is also important for seasoned bitcoin investors to compare their own…

Bitcoin (BTC) pierced the top of a stubborn trading range on Aug. 11 as a decidedly awkward rally took hold of risk assets.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin retracement warnings intensify near $25,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $24,750 on Bitstamp, marking…

Korean electronic goods producer Samsung Electronics recently signed a memorandum of understanding (MOU) with six companies that will collaborate to build the Galaxy NFT ecosystem. Galaxy NFT Ecosystem South Korean electronics maker, Samsung Electronics, recently signed a memorandum of understanding (MOU) with six companies to build the…

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterHONG KONG, Aug 8 (Reuters) - Hodlnaut, a Singapore-based crypto currency lender and…

Avalanche (AVAX) is leading the gains among the top-20 largest cryptocurrencies by market capitalization.  AVAX, the coin powering the layer-1 blockchain, gained 14.18% and has seen a 23% uptick in trading volume over the past 24 hours. The coin currently trades at around $29.3, according to data from CoinMarketCap. Despite its 25% jump over the…

Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked.Speaking at Tesla’s 2022 Annual Meeting of Stockholders on Aug. 5, Elon Musk predicted that an upcoming United States recession would only be “mild to moderate.”Musk on costs: "The trend is down"After recently selling almost all of…

Data shows the Bitcoin correlation with the stock market has been high in recent months as the crypto has been closely following S&P 500 and NASDAQ. Bitcoin Has Continued To Mimic Movements Of The US Stock Market In 2022 As per the latest weekly report from Arcane Research, while BTC has been more volatile than…

Bitcoin company Coinkite has launched its newest hardware wallet, Tapsigner, in an attempt to facilitate cold-storage bitcoin self-custody.The product, which resembles a credit card more than traditional hardware wallets, comes at $40 and aims to serve as a more intuitive Bitcoin-signing device to onboard a wider range of people around the world…

Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid.In a Friday announcement, Core Scientific said its month-over-month Bitcoin production had increased from 1,106 in June to 1,221 in July — roughly 10.4%. The…