Global leading cryptocurrency Bitcoin (BTC) has been hinted to be a safe haven asset in the case of a United States debt default than many other top assets. Compared to the Japanese yen, the Swiss franc, or even the U.S dollars, BTC topped the list of assets that investors would be willing to buy if the U.S. hit the debt ceiling per a recent survey.
The Survey Insights
This survey was c...
Crypto market news: If everything goes according to plan, a joint research initiative by Samsung and the Bank of Korea could successfully implement central bank digital currency (CBDC) based offline payments via Samsung Galaxy smartphones and smartwatches. On Monday, Korean media reports said Samsung Electronics and the Bank of Korea will initiate joint research for developing an ecosystem...
Mike McGlone, Bloomberg Intelligence’s Senior Commodity Strategist claims that the recent trend in which the price of gold has been increasing relative to the price of Bitcoin is significant and could continue for some time. He stated that the Bitcoin rollover risks lean toward deflation.
According to Bloomberg data, the price of gold was up about 10% year on year as of May 8, 2023, mak...
Santiment revealed in a Tweet this morning that traders are growing sour at the fact that the crypto market has been stagnant.
BTC’s and ETH’s lackluster performances over the past week are partly to blame for investors’ frustration.
Santiment also pointed out that polarizing assets such as HEX and PEPE have recently suffered losses as well.
The market intelligence platform, Santiment, shared a post on Twitter earlier this mor...
Exploit detected on Bitpaid (BTP) contract address leading to 81% drop and $30K loss.
BTP token holders’ count during the drop was 11,074, with a token value of USD 0.08.
BTP team successfully activated BTP blocks on the Berlin testnet, aiming for full trustless bridging.
CertiK Alert reports that an exploit has been detected on Bitpaid (BTP) with the BSC contract address 0x40f75ed09c7bc89bf596ce0ff6fb2ff8d02ac019. The exploit has l...
Bitcoin price briefly fell below $26096, the key 200-WMA level, at 7 PM UTC on Friday. The BTC price quickly rebounded and hit a 24-hour high of $26,989.
However, on-chain data indicates a bearish outlook on BTC price and it’s probably time to book some profits.
Bitcoin Price Reaches Late 2021 Level
On-chain metric Puell Multiple reached over the late 2021 level when Bitcoin started fal...
Large banks like Credit Suisse are faltering and requiring bailouts, which leads to the question: Is your money really safe in traditional banking systems during a banking crisis? With Bitcoin and other cryptocurrencies gaining popularity, it is time to consider the role of these digital assets as potential safe havens.
But what are the possibilities and risks of storing wealth in Bitcoin during banking crises?
The Shaky Ground of Traditional B...
Crypto Market News: Despite the heavy criticism faced by the U.S. Securities and Exchange Commission (SEC) time and again for mishandling the enforcement on the crypto market, the agency’s Chair Gary Gensler continues to be at the center of the problem. In this context, Stuart Alderoty, Ripple’s Chief Legal Officer, feels that it’s not really a problem with the crypto ecosystem but a const...
Documenting Bitcoin asserted that the open-source Bitcoin project is a result of more than 50 years of research.
The platform shared a chart drawn by Dan Held in 2018 when he released a blog post about the prehistory of BTC.
The blog post acknowledged the great personalities whose efforts resulted in the inception of BTC in 2008.
Documenting Bitcoin, the official Twitter page that showcases the accomplishments in the journey of the ...
Crypto exchange Binance making several efforts to increase liquidity in the crypto market. Low liquidity appears to be having a negative impact on Bitcoin and Ethereum prices, with BTC price briefly falling to the key 200-WMA.
Binance on Friday announces that it will launch additional BTCUSDT and ETHUSDT daily options from May 15. It will help bring some liquidity by increasing Bitcoin ...
