Bitcoin is holding $60K — Here’s why it’s important

Bitcoin (BTC) fell below $50,000 on Feb. 22 as a correction gathered pace at Wall Street's opening to deliver 20% daily losses prior to a strong response from the bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewBitcoin loses $6,000 in minutesData from Cointelegraph Markets and TradingView shows BTC/USD falling heavily during Monday trading, hitting lows of $47,400.After…

Within 11 days in March, four banks in the United States and one in Switzerland collapsed. First Republic Bank followed in May. Three of the four largest-ever U.S. bank failures occurred in those two months. It was a painful reminder that banks bear significant risks that can quickly spill over to other industries.Ironically, despite a…

Some Las Vegas casinos have only been allowed to return to full capacity this week. 7966 Total views 50 Total shares A Las Vegas casino-resort which aims to open for business next month has just partnered with major cryptocurrency exchange Gemini.In an announcement today, Resorts World Las Vegas said it would be allowing customers to…

After introducing a new carbon-neutral system for Bitcoin investment in April, One River Digital has already applied for a carbon-neutral BTC ETF. 3750 Total views 4 Total shares Institutional investors have been showing a stronger appetite for a carbon-neutral Bitcoin (BTC) investment solution by One River Digital Asset Management.One River Digital, a crypto-focused hedge fund…

Crypto exchange Bittrex will give frozen holdings back to its Iranian users, which the exchange suspended two years ago due to the requirements of United States’ regulators.Bittrex’s Iran-based users began receiving letters from the exchange that promise to return them the funds frozen back in 2017, according to a Nov. 8 tweet published by Bittrex…

Positive moves are being made for investor sentiment in the cryptocurrency space despite a year-long bear market.This comes after $40 million was raised by cryptocurrency investment firm Morgan Creek Digital, which is headed up by its founder, Anthony Pompliano. The crypto-focused hedge fund is part of Morgan Creek Capital, which manages over $1 billion in…

Head of Research at Fidelity Digital Asset is convinced Bitcoin's value proposition as a decentralized and censorship-resistant monetary network sets it apart from other cryptocurrencies. 805 Total views 17 Total shares Chris Kuiper, Head of Research at Fidelity Digital Assets, is convinced that Bitcoin (BTC) should be treated separately from other digital assets and believes…

REvil’s ransomware gang is launching an auction of stolen data, including legal information hacked from Madonna. 2709 Total views 35 Total shares The ransomware gang REvil has launched an auction feature on the dark web in the past 24 hours, starting with the stolen data from a Canadian company and threatening to auction off information…