Results from a recent Bank of America (BofA) survey show that consumers are still enthusiastic about crypto and digital currencies as a form of payment.  According to a report by CoinDesk, earlier this week, BofA released a report showing that consumer interest in crypto has managed to rise despite the market correction, with many of those surveyed indicating an intention to […]

On Thursday (June 16), Blockstream Co-Founder and CEO Dr. Adam Back explained why he believes that the Bitcoin price will reach $100,000 before the end of this year. He is the London-born “British cryptographer and cypherpunk” who was “a pioneer of early digital asset research” (like David Chaum and Hal Finney). In 1997, he invented Hashcash, a cryptographic hash-based proof-of-work algorithm. Bitcoin […]

On Tuesday (June 14), Hester Peirce, a Commissioner at the U.S. Securities and Exchange Commission (SEC), gave a speech about crypto regulation at an event in Washington, D.C. Commissioner Peirce’s remarks about crypto were made as part of her speech at an event titled “Regulating the New Crypto Ecosystem: Necessary Regulation or Crippling Future Innovation?”, which was organized by “Regulatory […]

Summary: OKX crypto exchange has updated its plans to weather the ongoing crypto winter. The team at OKX has stated that they plan to increase their workforce by 30% to 5,000 employees globally in 12 months. Additionally, OKX plans on maintaining gender balance. The team at the crypto exchange of OKX has announced that they plan on hiring during the […]

Summary: The US Fed has announced a 75 basis point hike in interest rates. However, such a rate hike was predicted to inspire confidence in investors who now believe the US Federal Reserve is focused on bringing down inflation. Bitcoin has since maintained its $20k support zone amidst anxieties that the 0.75% interest rate increment is the biggest since 1994. […]

Key takeaways: Michael Saylor has explained that MicroStrategy’s Bitcoin strategy factors in crypto market volatility. He also added that MicroStrategy’s balance sheet is structured so that the company can continue to hold BTC through adversity. Mr. Saylor’s comments come in the wake of Bitcoin slipping below the magic $21k price level that has been highlighted as an area for MicroStrategy […]

It is still turbulent in crypto world. World markets continue to be nervous ahead of the Fed’s interest rate decision due on Wednesday and the Bank of England’s announcement due on Thursday. Overall crypto market capitalization as per coinmarketcap.com has fallen to $940 billion, versus $971 billion, a day earlier. However unlike on Monday, it is market leader Bitcoin that […]

The chief executive officer of deVere Group is predicting that Bitcoin will have a strong rally before the end of the year.  Despite plummeting prices for Bitcoin and other cryptoassets, Nigel Green, the CEO of independent financial advisory firm deVere Group, says that Bitcoin will rebound before the end of the year with a “significant bounce” coming in the fourth […]

Key takeaways: The number of Bitcoin addresses holding one or more BTC has hit a new all-time high of 851,921. The new milestone is despite Bitcoin’s bearish environment and a dip below $27k. Short-term, Bitcoin could rebound to $30k. However, a bottom might not be in, and further losses might be incoming for Bitcoin till it retests the 200-week moving […]