Bears positioned to take the lead as $930M in Bitcoin options expire Friday
Derivatives data for Bitcoin weekly options suggests bears may have the upper hand in tomorrow’s $930 million expiry. Go to Source Powered by WPeMatico
DIGIT
Blockfi Messes up Promo Payments: Transfers up to 700 Bitcoin Mistakenly
Blockfi, a cryptocurrency lending platform, wrongly distributed a set of payments to a group of customers, who found deposits of up to 700 BTC in their accounts. While most weren’t able to withdraw these funds, in the confusion, other customers that applied for withdrawals are now being threatened with legal actions against them. Blockfi Messes … Read more
Bitcoin whale who sold at $58K has reaccumulated 3,521 BTC
The whale sold off 3,000 BTC on May 9 for an average price of $58,503.39. They began to reaccumulate less than one week later. Go to Source Powered by WPeMatico
Chainlink Labs joins Hedera Governing Council
The firm will now be the preferred oracle partner for the Hedera network and provide integration for tokenization on Hedera. Go to Source Powered by WPeMatico
Exchange inflows, on-chain data show retail traders fueled Bitcoin’s selloff
Whale wallet activity and exchange inflows indicate that the recent market sell-off was driven by retail traders, while institutional investors gladly bought the dip. Go to Source Powered by WPeMatico
Bitcoin Hashrate Slides- Low BTC Prices, Sichuan Wet Season, Upcoming Difficulty Spike to Blame
While bitcoin prices plummeted this week, the network’s hashrate has also dropped considerably since tapping a high on May 9. Since then, the hashrate has seen swings between 10-15% because of the crypto market downturn, alleged issues with power outages in Sichuan, China, and the upcoming difficulty change. Similar to the Price, Bitcoin Hashrate Sees … Read more
US Treasury proposes crypto transactions over $10K be reported to IRS
Saying crypto posed “a significant detection problem by facilitating illegal activity,” the government body specifically mentioned crypto businesses were in its crosshairs. Go to Source Powered by WPeMatico
These three cryptocurrencies weathered the storm as Bitcoin plunged
Solana, Polygon and Harmony all defied the market crash, solidifying gains when traded against Bitcoin and helping protect crypto investor funds. Go to Source Powered by WPeMatico
Bear market? Analyst weighs in after Bitcoin drops 50% from its $65K all-time high
Analysts have mixed opinions now that Bitcoin price trades 40% away from its all-time high. ExoAlpha CIO David Lifchitz gives his take on what happened and what’s next for BTC. Go to Source Powered by WPeMatico
US Treasury Unveils Biden’s Proposed Tax Measures — Cryptocurrency Transfers Over $10,000 to Be Reported to IRS
The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more than $10,000 to report transactions to the IRS. Treasury … Read more
