After a massive wipeout, the price of bitcoin could ‘consolidate until 2022.’
The price of Bitcoin fell back to the end of September when $2.5 billion was withdrawn from the cryptocurrency market in a huge crash On Dec. 4, Bitcoin (BTC) was trading near $47,000 after a stunning plunge verified bulls’ worst fears, with daily losses of 22%. The value of cryptocurrency liquidations has surpassed $2.5 billion […]
Bitcoin drops below $47K, wiping all October gains
As volatility strikes, the price of Bitcoin has dropped to two-month lows. But, with the price of Bitcoin hovering around $42,000, could the bottom be in? Bitcoin (BTC) has dropped below $47,000 in the last 24 hours, dropping roughly 20% of its value. This is the greatest one-day decrease since May 15, when the price […]
Australian university research claims ETH is a ‘superior’ store of value to Bitcoin
The virtues of EIP-1559 as a mechanism for making ETH a deflationary cryptocurrency and possibly greater store of value than Bitcoin are highlighted in the paper. Bitcoin’s status as the greatest crypto storage network has been called into doubt by Australian university experts , who believe Ethereum is on its path to becoming “the world’s […]
Bitcoiner loses 900 BTC in a DeFi attack
Badger DAO, a decentralized finance protocol based on Ethereum that allows users to earn money by staking Bitcoin, has been hacked. According to reports, the exploit cost a single user around $50 million in Bitcoin – 897 BTC. Badger’s developers have confirmed the hack. The team acknowledged the breach of protocol in a tweet and […]
WisdomTree’s application for spot Bitcoin ETF gets rejected by SEC
The Cboe BZX Exchange argued for approval using the precedents established by CME’s crypto futures products, but the SEC rejected them. After deferring a decision several times this year, the SEC has officially disapproved asset manager WisdomTree’s spot Bitcoin (BTC) exchange-traded fund (ETF). The SEC denied a requested rule change from the Cboe BZX Exchange […]