Tag Archives: cryptocurrency

11% Of Bitcoin Supply In Coinbase’s Hands: Analyzing The Potential Risks

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A recent report by The Defiant reveals that Coinbase holds a substantial 11% of the total Bitcoin supply, amounting to approximately 2.275 million BTC worth around $129 billion.  As the fourth-largest cryptocurrency exchange globally, Coinbase commands significant trading volume—$1.5 billion in 24-hour transactions and 34 million monthly users—and acts as a custodian for major corporations,… Continue reading 11% Of Bitcoin Supply In Coinbase’s Hands: Analyzing The Potential Risks→

Bitcoin Tumbles Following Higher Than Anticipated US Core Inflation Data

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The higher-than-anticipated US core Consumer Price Index (CPI) reading was followed by a decline in Bitcoin (BTC) price as it tumbled almost 1.5% to $56,168 at press time. US Headline CPI Matches Forecast, Core CPI Exceeds It US headline CPI, the metric typically used to assess the inflation rate in the country, came in according… Continue reading Bitcoin Tumbles Following Higher Than Anticipated US Core Inflation Data→

Japan’s Metaplanet Increases Bitcoin Holdings By $2 Million, Here’s How Much BTC It Owns Now

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Japanese early-stage investment company Metaplanet purchased an additional $2 million worth of Bitcoin today, reaffirming the firm’s trust in the leading digital asset. ‘Japanese MicroStrategy’ Bolsters Its Bitcoin Reserves In an announcement on September 10, 2024, Metaplanet said it had increased its cryptocurrency holdings by 38.464 BTC, bought for approximately 300 million yen ($2 million).… Continue reading Japan’s Metaplanet Increases Bitcoin Holdings By $2 Million, Here’s How Much BTC It Owns Now→

Bitcoin Price Could Face Challenges With 0.50% Fed Rate Cut, Warns 10X Research

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A 50 basis points (bps) interest rate cut by the US Federal Reserve (Fed) starting this month might adversely affect Bitcoin (BTC) price, 10x Research cautions. 50 BPS Rate Cut Could Spook The Market After it had started hiking interest rates back in March 2022 to contain rampant inflation due to COVID-related supply chain bottlenecks… Continue reading Bitcoin Price Could Face Challenges With 0.50% Fed Rate Cut, Warns 10X Research→

Helium (HNT) Network Expansion Fuels 13% Gains Despite Faltering Market

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Helium (HNT) defeats the market’s bearishness as its new developments drive hype for the long term. According to CoinGecko, HNT rose by 13% despite the market’s continued fall in the short term. HNT has been boosted by continued on-chain developments that have driven the limelight towards the platform. However, with the market dips continuing to… Continue reading Helium (HNT) Network Expansion Fuels 13% Gains Despite Faltering Market→

Bitcoin 200-Day Average Signals Waning Bullish Momentum, Here’s What It Means For BTC Price

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A key long-term price indicator for Bitcoin, the 200-day simple moving average (SMA) appears to be losing its bullish momentum as the US economy added fewer jobs in August 2024. Bitcoin Must Overcome The 200-Day SMA To Reverse Trend The 200-day SMA is considered one of the more reliable long-term indicators to gauge an asset’s… Continue reading Bitcoin 200-Day Average Signals Waning Bullish Momentum, Here’s What It Means For BTC Price→

Trump’s Vision: America To Reign As Crypto And Bitcoin Epicenter, Latest Statement Reveals

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As the November elections draw near, former President Donald Trump is ramping up his support for Bitcoin and the broader cryptocurrency industry, positioning digital assets as a central theme in his campaign for the White House.  America As The Bitcoin Capital During a recent address at the Economic Club of New York, Trump articulated his… Continue reading Trump’s Vision: America To Reign As Crypto And Bitcoin Epicenter, Latest Statement Reveals→

DOJ Penalizes Robinhood $3.9 Million For Past Crypto Withdrawal Restrictions

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Crypto trading platform Robinhood has reached a $3.9 million settlement with the California Department of Justice (DOJ), following an investigation into its alleged failure to allow customers to withdraw their cryptocurrency from 2018 to 2022.  The investigation was prompted by numerous consumer complaints regarding Robinhood’s practices, particularly its handling of cryptocurrency withdrawals and trading.  Alleged… Continue reading DOJ Penalizes Robinhood $3.9 Million For Past Crypto Withdrawal Restrictions→

Crypto Market Stuck In A Rut? Here’s Why 2024 Bitcoin Breakout May Be Delayed

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The crypto market has been struggling with prolonged sideways movement in recent months. Since March 2024, the market has failed to make a successful breakout above previous peaks, leaving investors frustrated. According to a recent significant rebound. While there are some short-term factors that may provide relief, the overall sentiment in the crypto space remains… Continue reading Crypto Market Stuck In A Rut? Here’s Why 2024 Bitcoin Breakout May Be Delayed→

Senator Lummis Claims Bitcoin Could Cut National Debt In Half By 2045

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As Bitcoin gains traction within the Republican Party, notably championed by former President Donald Trump, lawmakers are increasingly positioning the cryptocurrency as a cornerstone for US economic growth.  US Senator Cynthia Lummis is at the forefront of this movement, advocating for the Bitcoin Act, which aims to establish a strategic Bitcoin reserve for the United… Continue reading Senator Lummis Claims Bitcoin Could Cut National Debt In Half By 2045→