Bitcoin / 629 posts found
Bitcasino to Use Estonian ESTCube-2 Satellite to Send Bitcoin Into Space
Cryptocurrency Bitcasino will use the Estonian satellite organization ESTCube-2 to send one Bitcoin into Space in 2023 Press Release – Aug 29, 2022 14:37 EDT TALLINN, Estonia, August 29, 2022 (Newswire.com) – The world’s first licensed Bitcoin-led casino operator, Bitcasino, has partnered with ESTCube-2 to send one bitcoin to space in 2023, giving all its players the chance to be a part of this groundbreaking experience. By playing all of their favorite games on the platform, Bitcasino is giving its players the chance of a lifetime to send their crypto assets to Earth’s outer orbit, becoming part of the satellite’s […]
Bitcoin Community Rattled By Mt. Gox Dumping $140K BTC
You are here: Home / News / Bitcoin News / Bitcoin Community Rattled By Mt. Gox Dumping $140K BTC August 29, 2022 by Lipika Deka Bitcoin [BTC] has struggled to maintain the $20k mark on Aug. 27 as unconfirmed rumors of Mt. Gox dumping $140k BTC have sparked a massive sell-off. Crypto Twitter is rife with doomsday predictions that Bitcoin will fall back in the range of $10-$12k. Some pointed out that the release would coincide with unlocking the post-merge staked eth. “They just want to maximize the chaos,” one of those tweets claimed. The now-defunct Mt. Gox abruptly suspended […]
Report: 51% of Bitcoin’s Trading Volume is Fake
Bitcoin Bitcoin’s trading volume is significantly lower than what is reported, according to Forbes’ latest study of 157 exchanges. According to the report, Bitcoin trading volume on June 14 was $128 billion, far lower than the total $262 billion reported by all exchanges. This shows that around 51% of all Bitcoin trading activities were fake or non-economic. Tether’s Role According to Forbes, Tether plays a significant role in Spot Bitcoin trades as most of the trade comes from stablecoins. However, fiat currencies like the US dollar, Japanese Yen, and South Korean Won are also involved in a high percentage of trades. Overall, […]
Large XRP Addresses Move More than 150 Million Coins
XRP witnessed a marginal price surge of 1% in the past 24 hours. In terms of weekly performance, the digital asset was down by almost 2%, compared to a dip of approximately 10% in ETH and over 5% in Bitcoin. The movement of XRP coins across the network has increased in the last few days. According to Whale Alert, over 150 million XRP coins were moved in three separate transactions yesterday. In the first transfer, a transaction worth $13 million involving the movement of 40 million XRP was executed at 21:48 UTC. The second major transaction involved the movement of […]
Crypto Fest 2022: Looking Up to Post-Winter Opportunities
Cryptocurrency Crypto Fest 2022 is set to be the largest gathering of crypto-minded experts, amateurs, and enthusiasts in Africa, to explore the technology’s impact on Web 3.0 and emerging opportunities for investors. Conflict in Europe and skyrocketing interest rates in the US have put cryptocurrencies in the midst of one of the worst market crashes in the technology’s history. Bitcoin and Ethereum dropped more than 70 percent since the peak of last year’s bull run, while several high-profile crypto companies shut their doors as the size of the industry fell below US$1 trillion – a significant decrease from just a […]
UK High Court Slams Door on Two Companies Engaged in Crypto Fraud
On Friday, the United Kingdom government announced that an insolvency inquiry into Micasa WW Ltd and Remultex Ltd showed that between February 2019 and December 2020, the companies engaged in bitcoin fraud, transferring close to £1.3 million through their accounts without any trace. In a press release, the United Kingdom says the two companies fumbled the bag during interrogation about the unrecorded hefty transfers forcing the High Court to order liquidation and close of their accounts on grounds of lack of accountability. “Micasa, along with associated company Remultex, both shut down after accounts failed to explain large payments, and misuse […]
Bitcoin (BTC) On-Chain Analysis: Mayer Multiple Shows Bullish Reversal Potential
Cryptocurrency Be[In]Crypto takes a look at the Mayer Multiple (MM) and its components in order to determine if BTC is close to a bullish trend reversal. What is Mayer Multiple? The Mayer Multiple (MM) is an oscillator that is calculated using the ratio between the BTC price and its 200-day moving average (MA). Afterward, the Mayer Multiple indicator (blue) is afterward created by taking the difference between the BTC price and its 200-day MA. The 0.8 (green) and 2.4 (purple) oscillators are then plotted in order to determine market tops and bottoms. Movements above the 2.4 oscillators have historically coincided […]
Bitcoin ATM Firm Set to Go Public in $885M Deal
Bitcoin Depot has reached an agreement with a special-purpose acquisition company (SPAC) that would see the firm go public in a reported $885 million deal. A SPAC is a shell corporation created to raise money from investors and trade on the stock exchange. It exists for the sole purpose of buying out (merging with) a privately owned company to take it public. SPACs have become a popular alternative to other means of capital raising such as the initial public offering (IPO). Now Bitcoin Depot looks set to follow in the footsteps of Bakkt Holdings and Cipher Mining, fellow crypto firms […]