Bitcoin Price to Consolidate or Retrace Even Further in 2023: Analysis
The price of bitcoin took a massive hit in 2022, dropping by more than 50% in 12 months. However, the crypto analytics platform Santiment believes there’s more bad news incoming…
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Here’s Why MicroStrategy Sold 704 Bitcoins on December 22
Publicly-traded business intelligence company MicroStrategy revealed that it sold part of its bitcoin stash on December 22 for tax purposes. Although the firm later purchased more bitcoins, the sale defied…
Coinbase Customers Refuse to Share Account Info in Lawsuit
Coinbase customers, who had previously sued the crypto exchange over unauthorized crypto transfers, have continued to hold back their account information in a bid to block efforts to move their…
Crypto Exchange Wash Trading Stats Depict Worrying Picture
It’s no secret that wash trading continues to plague the crypto market. A paper titled “Crypto Wash Trading,” published by the National Bureau of Economic Research (NBER), found that an…
Bitcoin to End 2022 With a 65% Yearly Drop: Weekend Watch
For better or worse, 2022 is about to end, and the bitcoin bulls are in a hurry to send this rather violent year packing. The asset’s price tumbled amid macroeconomic…
Huobi Reportedly Plans Mass Layoffs and Salary Cuts
Popular cryptocurrency exchange Huobi will lay off a significant portion of its workforce and cut the salaries of senior employees, according to Chinese reporter Colin Wu. Last month, the exchange…
Bitfarms CEO Emiliano Grodzki Resigns Amid Industry Struggles
Emiliano Grodzki has stepped down as CEO of leading Bitcoin mining firm Bitfarms, joining a long list of crypto executives who resigned from their positions amid the bear market this…
Did SBF Just Cash Out $684K?
Sam Bankman-Fried (SBF), the disgraced founder and former CEO of bankrupt cryptocurrency exchange FTX, has reportedly cashed out $684,000 worth of crypto assets despite court restrictions on spendings above $1,000.…
Ethereum’s Vitalik Buterin Comments on Solana’s Future
Last month, the Solana ecosystem was at the forefront of the FTX saga, taking a significant hit from the company’s bankruptcy filing. Since then, projects have left the network, while…
Bitcoin Dips Below $16.5K, Solana Down 23% Weekly: Market Watch
The end of this rather interesting year is not bringing any volatility to the crypto markets, aside from a few minor price drops. Bitcoin, for instance, went down below $16,500…
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