Bitcoin News

Crypto embraced, then forgotten by Chinese state television On May 23, China Central Television (CCTV), the country’s government-owned broadcasting corporation, aired a short, 98-second segment regarding the adoption of cryptocurrencies in Hong Kong. During the session, state news anchors briefed its audience on how Hong Kong regulators “have made final preparations” for the trading of

Gideon Nweze, the founder and CEO of the newly launched Digital Bitcoin Art and Assets (DIBA) nonfungible token (NFT) marketplace, believes there’s an alternative way to bring NFTs to Bitcoin that doesn’t impact block space and transaction fees. Nweze recently put this belief to the test, launching a beta version of his NFT marketplace on

A bearish technical formation has driven down the total crypto market capitalization over the past seven weeks. Bitcoin’s (BTC) 2% decline — and a 1.7% and 2.5% decline from BNB (BNB) and XRP (XRP), respectively — were the main drivers of the most recent 1.3% correction between May 18 and May 25. The descending wedge formation

In this week’s episode of Market Talks, Cointelegraph welcomes Mike McGlone, senior macro strategist at Bloomberg Intelligence, which delivers in-depth analysis and data sets on industries and companies, government, credit, litigation and economic factors. In today’s discussion with McGlone, we discuss the concerns around the current debt ceiling battle currently taking place in America’s law-making houses.

Driven by heightened demand for Bitcoin (BTC) block space, fueled by Ordinals inscriptions and the PEPE-fueled BRC-20 memecoin mania, miners have become direct beneficiaries of a sudden boom in transaction fees, increasing their bottom lines. This surge has resulted in an unprecedented increase in the average number of transactions, and consequently revenue per BTC block

Bitcoin (BTC) returned above $26,000 on May 25 after an overnight dip offered a retest of recent lows. BTC price action acts around key 200-week moving average Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in its range from the day prior, having recovered from flash weakness after the daily candle close. With

“I’m never gonna bother with that bullshit again,” says Bitcoin OG Michael Tozoni about getting a crypto home loan to invest in property. After becoming wealthy-ish with Bitcoin investments, Tozoni sensibly decided to diversify. Not wanting to sell off his crypto, he had grand plans to borrow to buy investment properties and use the rental

Bitcoin (BTC) fell sharply after the May 24 Wall Street open as a “long awaited retest” of key trend lines materialized. Bitcoin abandons uptick to retest moving averages Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $26,154 on Bitstamp — its lowest since May 12. The latest action was a world away from

On May 23’s episode of The Market Report, analyst and writer Marcel Pechman discusses why Bitcoin (BTC) is stuck near $27,000 and how the macroeconomic scenario has become more critical than ever for an eventual breakout. Plus, the show dissects what United States President Joe Biden has been saying about crypto traders being wealthy tax

Bitcoin (BTC) price action may lack momentum this month, but one popular analyst is still eyeing new all-time highs. In his latest analysis, TechDev confirmed that he believes BTC/USD will see a “parabolic top” around the 2024 block subsidy halving. Can Bitcoin p gain 500% in a year? Less than twelve months away, Bitcoin’s next

The Central African Republic (CAR) has received optimism from the International Monetary Fund (IMF) one year since it adopted Bitcoin (BTC). The IMF’s positive outlook reflects the country’s economic prospects and the impact of embracing the leading cryptocurrency. The IMF published a report expressing a more positive view of the country’s economic prospects for 2023. The report

By exploiting its higher processing capacity to defeat the encryption that safeguards private keys and transactions on the Bitcoin network, a quantum computer could theoretically hack Bitcoin. However, the current state of quantum technology is not yet advanced enough to pose a significant threat to Bitcoin’s security. Quantum computers might make public-key cryptography less secure

Cryptocurrency and Bitcoin (BTC) ATM provider, Bitcoin of America, consented with the Connecticut Department of Banking to halt its operations due to a lack of licensing.  In a statement released on May 22, the Department of Banking highlighted that Bitcoin of America failed to obtain a proper license to operate Bitcoin ATM kiosks in the

Institutional investor sentiment over digital assets took another beating last week, with “poor sentiment” around Bitcoin (BTC) leading to yet another week of outflows of digital asset investment products. According to CoinShares’ latest edition of its “Digital Asset Fund Flows Report,” published on May 22, outflows for crypto funds totaled $32 million between May 15

There are key events in the fascinating world of cryptocurrencies that have shaped the trajectory of adoption. One such occasion is commemorated annually as Bitcoin Pizza Day: a commemoration of a seemingly unremarkable transaction that had a profound effect on the development of Bitcoin (BTC). So, on Bitcoin Pizza Day, let’s indulge in a cheesy

Bitcoin (BTC) continues with its sideways BTC price action under $27,000 on May 22 as the bulls and bears find it hard to break the stalemate. Which way Bitcoin?  Notably, BTC price has fluctuated inside a narrowing ascending triangle range since May 11, defined by a horizontal resistance around $27,500 and a rising trendline support

Thirteen years after the world’s first Bitcoin (BTC) pizza purchase, the pioneer cryptocurrency network faces a new wave of disruption thanks to the advent of Ordinals, the recently launched protocol that allows adding digital content such as art — i.e. nonfungible tokens — in the Bitcoin blockchain.  Since the launch of Ordinal NFTs on the

Members of the crypto community celebrated the anniversary of Bitcoin Pizza Day; the first notable exchange of Bitcoin (BTC) into physical goods.  On May 22, 2010, Laszlo Hanyecz made the first documented purchase of a good with BTC. The exchange involved 10,000 BTC — worth $41 at the time — and two pizzas from a

It’s been 13 years since programmer Laszlo Hanyecz made the first commercial transaction with Bitcoin (BTC) on May 22, 2010, buying two supreme pizzas from Papa John’s for a whopping 10,000 BTC, or $266 million at current prices. That day is known and celebrated as Bitcoin Pizza Day. To commemorate the occasion, Cointelegraph sought to

Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity. The latest Macro Markets show discusses the impact of the United States debt crisis as