Tag: Bitcoin

Easing monetary policies, the decline of inflation, the change in Bitcoin’s mining difficulty, and growing confidence in DeFi are factors that point to a renewed surge for crypto prices, writes Cronos managing director Ken Timsit on Cointelegraph. Decentralized finance (DeFi) has seen tremendous growth since its inception, expanding by more than 1,200% in 2021 in…

MicroStrategy, a software development firm that has become a corporate Bitcoin vault, plans to sell up to $500 million of stock to fund more purchases of BTC. The deal is a sign firm’s exec Michael Saylor isn’t abandoning his bold plan to turn his software developer into a Bitcoin proxy. A filing on Sept. 9…

Poolin, one of the world’s major crypto mining pools, has suspended Bitcoin and Ether withdrawals citing “liquidity problems.” Poolin CEO and founder Kevin Pan assured users that funds are safe and said the company might look to debt to solve its liquidity troubles. “As you may have known, Poolin Wallet is currently facing some liquidity…

BlackRock will use Kraken’s CF Benchmarks Bitcoin index pricing product for its first crypto offering. Previously, the world’s biggest asset manager launched its own Bitcoin private trust following announcing a partnership with Coinbase. As The Block reported, BlackRock’s Bitcoin product will be benchmarked using CF Benchmark’s indexes.  CF Benchmarks is a member of the Crypto…

David Kelly, the chief global strategist at JPMorgan Asset Management, reportedly warned investors to avoid crypto amid the threat of a recession. As Bloomberg reported, David Kelly noted a high risk of recession and further volatility. “The economy has got one foot into a recession and the other on the banana peel now,” he said….

Forbes’s new analysis of 157 crypto exchanges reveals that 51% of the daily Bitcoin trading volume is likely fake. “Wash trading” also benefits exchanges, allowing them to appear to have more volume than they actually do and encouraging more legitimate trading. The widespread practice of wash trading, which means phony or fake volume, and the…