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Direxion Withdraws Application for Short Bitcoin Futures ETF

December 30, 2021 - by - Leave a Comment

Exchange-traded fund (ETF) issuer Direxion has withdrawn its application to the U.S. Securities and Exchange Commission (SEC) to list a fund that would have maintained short exposure to bitcoin futures …

Direxion Withdraws Application for Short Bitcoin Futures ETF Read More
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Bitcoin Long-Term Holders Stay Strong Despite $20K Drop From Last Month’s High

December 30, 2021 - by - Leave a Comment

Long-term holders marginally trimmed their bitcoin positions in recent weeks despite a sharp price drop, data from analytics firm Glassnode show. The leading cryptocurrency by market capitalization failed to break …

Bitcoin Long-Term Holders Stay Strong Despite $20K Drop From Last Month’s High Read More
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TA: Bitcoin Turns Sell on Rallies Towards $48K, Bears In Action

December 30, 2021 - by - Leave a Comment

Bitcoin extended decline below the $47,500 support zone against the US Dollar. BTC could recover, but upsides might be limited above $47,500. Bitcoin started a fresh decline below the $48,500 …

TA: Bitcoin Turns Sell on Rallies Towards $48K, Bears In Action Read More
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Bitcoin Should Not Be Measured In Dollar Terms, Says Pompliano

December 29, 2021 - by - Leave a Comment

The value of bitcoin is currently being measured in dollar terms and this is understandable given that fiat is still the most dominant form of currency. While those in the …

Bitcoin Should Not Be Measured In Dollar Terms, Says Pompliano Read More
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Elon Musk Explains DOGE Edge Over Bitcoin, But Where Is He Wrong?

December 29, 2021 - by - Leave a Comment

In an interview for the Lex Fridman Podcast, CEO at Tesla Elon Musk talked about Dogecoin (DOGE), Bitcoin, Web 3, smart contracts and more. Musk has been more involved with …

Elon Musk Explains DOGE Edge Over Bitcoin, But Where Is He Wrong? Read More
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Bitcoin Mining Profits Remain at ‘Near Highs’ as Crypto Miners Rally

December 29, 2021 - by - Leave a Comment

Crypto mining companies, including Marathon Digital and Hut 8, outperformed other crypto-linked stocks on Tuesday, as economics for the miners continues to be lucrative. Shares of crypto miners, which have …

Bitcoin Mining Profits Remain at ‘Near Highs’ as Crypto Miners Rally Read More
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Fortress Technologies Buys 4,500 Bitcoin Mining Machines From Bitmain

December 29, 2021 - by - Leave a Comment

Bitcoin mining company Fortress Technologies has ordered 4,500 Bitmain Antminer S19j Pro machines as it seeks to capture a greater share of mining revenue. The purchase will more than triple …

Fortress Technologies Buys 4,500 Bitcoin Mining Machines From Bitmain Read More
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Bakkt Expands Cryptocurrency Offering Beyond Bitcoin With Addition of Ether

December 29, 2021 - by - Leave a Comment

Digital asset platform Bakkt Holdings (NYSE: BKKT) will soon allow its customers to trade ether, the second-largest cryptocurrency, in addition to bitcoin, the company said in a statement Friday.Bakkt also …

Bakkt Expands Cryptocurrency Offering Beyond Bitcoin With Addition of Ether Read More
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Square’s Cash App Generated $1.8B in Bitcoin Revenue in Q3

December 29, 2021 - by - Leave a Comment

Payments firm Square said in its third-quarter earnings letter Thursday that its peer-to-peer payment service, Cash App, generated $1.82 billion of bitcoin revenue in the quarter and $42 million of …

Square’s Cash App Generated $1.8B in Bitcoin Revenue in Q3 Read More
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Bitcoin Bearish Signal: Trend Is Again Shifting From Outflows To Inflows

December 29, 2021 - by - Leave a Comment

On-chain data shows Bitcoin netflow trend is once again shifting from outflows to inflows, a sign that could prove to be bearish for the crypto. Bitcoin Netflow Trend Is Changing …

Bitcoin Bearish Signal: Trend Is Again Shifting From Outflows To Inflows Read More

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