Chinese mining giant Canaan doubles profits despite the blanket crypto ban

Major Chinese cryptocurrency miner manufacturer Canaan appears to have no issues with the local ban on crypto, as the company’s overall performance has continued to grow in 2022. Canaan officially announced financial results... Read more »

Bitcoin price dives pre-FOMC amid warning $17.6K low was not the bottom

Bitcoin (BTC) dropped to weekly lows at the Aug. 17 Wall Street open as upcoming Federal Reserve comments unsettled risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar climbs as Fed... Read more »

Pushing Bitcoin to become more scalable with zero-knowledge proofs

For all the good that Bitcoin brings to the table, it also possesses a commonly accepted issue in scalability. Bitcoin can only process a limited number of transactions per block and, as... Read more »

NY judge allows Celsius to mine, sell Bitcoin

Not even 24 hours after revealing a three-month cash flow forecast that threatens total exhaustion of funds, a New York judge allowed crypto lender Celsius Network to mine and sell Bitcoin (BTC)... Read more »

Bitcoin traders anticipate new yearly lows after BTC’s $25K rejection — Data disagrees

Bitcoin (BTC) showed weakness on Aug. 15, posting a 5% loss after testing the $25,000 resistance. The move liquidated over $150 million worth of leverage long positions and has led some traders... Read more »

Bitcoin miners hodl 27% less BTC after 3 months of major selling

According to a fresh prediction from crypto analysis firm Arcane Research, miners will continue to sell more Bitcoin (BTC) than they earn. Miners sold nearly 30% of record BTC stash since May... Read more »

Bitcoin price corrects after hitting a wall at a multi-month descending trendline

On Aug. 15, Bitcoin (BTC) price and the wider market corrected while the S&P 500 and DOW looked to build on four-straight weeks of robust gains. Data from TradingView and CNBC show... Read more »

Zipmex gets 3 month protection in Singapore amid halted withdrawals

Cryptocurrency exchange Zipmex has gotten a chance to sort out liquidity issues as a court in Singapore has granted the firm with more than three months of creditor protection. Singapore’s High Court... Read more »

Bitcoin traders still favor new $20K lows as Ether hits $2K

Bitcoin (BTC) is still due to return to near $20,000, fresh analysis warns as BTC/USD attempts to retest multi-month highs.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buy-the-dip set for invalidation at... Read more »

Bitcoin hits $25K as bearish voices call BTC price ‘double top’

Bitcoin (BTC) spiked through $25,000 for the first time in months on Aug. 14, but traders refused to take any chances on a bull run. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView... Read more »