Bitcoin News

Capital is flowing into short bitcoin (BTC) funds at a record rate, while regular long bitcoin funds continue to see outflows.

Bitcoin price declined heavily below the USD 19,500 support. BTC even settled below the USD 19,000 level. It is currently (11:20 UTC) consolidating losses above the USD 18,500 level.

The head of the ruling Democratic Party in South Korea has promised to make a dramatic U-turn on crypto policy, claiming that “the time has come” for the government to stop regulating crypto and start “fostering” the industry.

Indian crypto exchange CoinSwitch Kuber has raised over USD 260m at a valuation of USD 1.9bn, the company said.

The price of bitcoin (BTC) traded above USD 24,000 on Friday morning (UTC), reaching its highest in nearly 7 weeks, after news that the US has entered what many consider a technical recession, as well as speculations that the US Federal Reserve (Fed) will soon turn from aggressive tightening to easing.

Bitcoin is consolidating gains above the USD 41,200 resistance. Ethereum tested the USD 3,120 resistance, XRP is still well below USD 0.80. SNX rallied 21%, while APE jumped 31%.

Twitter co-founder and CEO Jack Dorsey is expected to step down from his role as chief executive of the social media platform, several media outlets reported on Monday.

rypto exchange Kraken announced they will donate USD 250,000 to the Ethereum Foundation, while blockchain infrastructure firm Paxos (PAX) said they are rebranding their stablecoin to Paxos Dollar (USDP).

"An unprecedented group" of allies and partners – including the European Union, the United Kingdom, and NATO – are joining the United States in exposing and criticizing the People’s Republic of China (PRC)’s malicious cyber activities, the US White House said today.

Another round of speculations about a possible initial public offering (IPO) of the major blockchain infrastructure and software solution provider Bitfury just reached the market.