Bitcoin Mining Giant Bitfarms Axes CEO Amidst $27 Million Lawsuit | Bitcoinist.com

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Bitcoin, Bitcoin Mining, Bitcoin News, bitcoin price, btc, btcusd, BTCUSDT, Crypto, Crypto News, cryptocurrencies, Cryptocurrency, DeFi, digital currency

Toronto-based Bitcoin mining company Bitfarms has announced the termination of its interim president and chief executive officer (CEO), Geoffrey Morphy after he filed a $27 million lawsuit against the company.  According to Bloomberg, the lawsuit alleges breach of contract and “wrongful termination” and seeks compensatory and punitive damages. Bitfarm believes the claims are without merit […]

Bitcoin ETFs Soar As 3rd Largest US Bank Reveals Ownership In New Filing | Bitcoinist.com

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Bank of New York Mellon (BNY Mellon), Bitcoin, bitcoin ETF, bitcoin ETFs, Bitcoin News, bitcoin price, BNY Mellon, btc, btc price, btcusd, Crypto, Crypto News, cryptocurrencies, Cryptocurrency, DeFi, digital currency, Spot Bitcoin ETFs, US Bitcoin ETFs, Wells Fargo

In a notable development highlighting the increasing interest of traditional financial institutions in Bitcoin (BTC), Wells Fargo, the third-largest bank in the United States, has revealed its exposure to spot Bitcoin ETFs.  The US Securities and Exchange Commission (SEC) approved the regulated index funds in January, allowing institutions like Wells Fargo to invest in the largest […]

High Networth Bitcoin Whales Accumulating: Will This Buying Spree Push BTC Above $74,000?

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Bitcoin, Bitcoin News, bitcoin price, bitcoin whales, btc, btc price, BTCUSDT, Spot Bitcoin ETFs

While Bitcoin continues to trade within the $60,000 to $70,000 range, a new wave of optimism is emerging from on-chain analysis. Willy Woo, an on-chain analyst, took to X on May 7 to point out an exciting development: high-net-worth BTC holders have been rapidly accumulating the coin.  High Net-worth Whales Accumulating In a chart, the analyst […]

Grayscale Bitcoin Trust Sees First Inflows In 3 Months, Hong Kong ETF Market Gains Traction | Bitcoinist.com

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Bitcoin, bitcoin ETF, Bitcoin News, bitcoin price, BlackRock, BlackRock Bitcoin ETF, BlackRock news, btc, btcusd, BTCUSDT, Crypto, Crypto News, cryptocurrencies, Cryptocurrency, Grayscale, Grayscale Bitcoin, Grayscale Bitcoin ETF, Grayscale GBTC, Grayscale news

Grayscale Bitcoin Trust (GBTC), the world’s largest cryptocurrency investment vehicle, has experienced a notable influx of investor funds for the first time since the January approval of US spot Bitcoin exchange-traded funds (ETFs).  Grayscale Bitcoin Trust Bounces Back With Inflows Data compiled by Bloomberg reveals that on May 3, Grayscale’s Bitcoin Trust received approximately $63 […]

Grayscale Spot Bitcoin ETF Turns Positive After $17.5 Billion In Outflows, Sees Inflows For The First Time | Bitcoinist.com

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Bitcoin, Bitcoin News, bitcoin price, btc, BTC news Bitcoin ETF, btc price, btcusd, BTCUSDT, ETF, ETF news, Grayscale, Grayscale news, spot Bitcoin ETF

In a rather shocking development, Grayscale Bitcoin Trust (GBTC) has recorded its first-ever inflow after witnessing significant daily outflows since its launch.  Grayscale Bitcoin ETF Records Over $60 Million In Inflows Grayscale’s Spot Bitcoin ETF has finally broken its 82-day streak of outflows since its launch on January 11, 2024. GBTC saw its first day […]

Bitcoin Analyst Says Rally To Over $90,000 Programmed As Money Supply Grows

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Bitcoin, Bitcoin News, bitcoin price, btc, BTCUSDT, inflation, M2 Money Supply, Spot Bitcoin ETFs

Bitcoin price action might be dicey, undergoing a major corrective phase. However, even as $60,000 looks slippery for upbeat bulls, some analysts are optimistic that the coin is ready for a strong leg up.  Going by past price action, analysts maintain that the coin will surge above $73,800 and register fresh all-time highs closer to […]

Fidelity: US Pension Funds Explore Crypto And Bitcoin, Eyeing $10 Trillion AUM | Bitcoinist.com

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Bitcoin, bitcoin ETF, bitcoin ETFs, Bitcoin News, bitcoin price, btc, btcusd, BTCUSDT, Crypto, crypto adoption, Crypto adoption news, Crypto News, cryptocurrencies, Cryptocurrency, DeFi, digital currency, Fidelity, Fidelity news, Fidelity Survey, Spot Bitcoin ETFs

According to a recent survey by Fidelity Digital Assets, institutional investors, including US pension plans, are increasingly inclined to invest in crypto assets, including Bitcoin.  The survey covered various institutional investor segments, including financial advisors, family offices, hedge funds, endowments, foundations, and pension funds.  Institutional Investors Dominate Crypto Adoption The survey findings indicate a significant […]

Time To Buy The Bitcoin Dip? Analyst Upbeat As Federal Reserve Turns Dovish

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Bitcoin, Bitcoin News, bitcoin price, btc, btc price, Federal Reserve, Spot Bitcoin ETFs

As Bitcoin drops, liquidating leveraged long bets along the way, one analyst, in a post on X, thinks this might be a prime opportunity to accumulate, citing historical patterns of pullbacks followed by impressive recoveries.  The analyst shared a chart indicating that Bitcoin is within historical retracement ranges. Whenever this happens, prices tend to bounce back sharply, […]

Crypto Analyst Who Predicted Bitcoin Crash Below $57,000 Reveals Next Target | Bitcoinist.com

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Analyst, Bitcoin, Bitcoin News, bitcoin price, btc, BTC news, btc price, btcusd, BTCUSDT, Crypto, Crypto Analyst, Crypto News

The Bitcoin price has seen a massive downside this week going into the FOMC meeting on Wednesday. The digital asset’s price saw a sharp 8% drawdown, which sent its price below $57,000, its lowest point in two months. While this came as a surprise to many, one crypto analyst in particular was able to pinpoint […]

Coinbase Increases Bitcoin Transaction Speeds With Complete Integration Of Lightning Network | Bitcoinist.com

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Bitcoin, Bitcoin lightning, Bitcoin lightning network, Bitcoin Lightning Network News, Bitcoin News, bitcoin price, btcusd, BTCUSDT, coinbase, Coinbase news, Crypto, Crypto News

US-based crypto exchange Coinbase has taken a major step forward in the digital payments space by introducing support for the Bitcoin Lightning Network. This allows users to make instant and cheaper Bitcoin transfers.  According to Tuesday’s announcement, the integration of Lightning Network into Coinbase aligns with the company’s goal of creating a “global payment system […]

Bitcoin Slips But These 3 Metrics Point To A Solid, Healthy Bull Market

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Bitcoin, Bitcoin MVRV, Bitcoin News, bitcoin price, btc price, BTCUSDT

Though Bitcoin might be shaky, dumping in the London session on April 30, IntoTheBlock data now shows that the market is, after all, solid. In a post on X, the blockchain analytics platform noted that Bitcoin is in a mid-bull cycle. Despite the price cool-off, potentially accelerated by whales exiting, most BTC holders still profit.  86% Of […]

Bitcoin Whales, Not Retailers, Are Safe If The United States Government Begins Confiscating Coins: Analyst

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Bitcoin, Bitcoin News, bitcoin price, bitcoin whales, BTCUSDT, GDP, inflation, recession, Spot Bitcoin ETFs, United States

Willy Woo, an on-chain analyst, took to X on April 29, raising concerns about the fate of retail Bitcoin investors if the world, especially the United States, plunges into a recession. Woo, referencing historical events, argues that while large Bitcoin holders, or “whales,” are likely to weather the storm since they control private keys of their coins, […]