Bitcoin

Fear Makes Quick Return to Crypto Markets as Bitcoin Plunges Most in 2 Months

Fear Makes Quick Return to Crypto Markets as Bitcoin Plunges Most in 2 Months

Bankrupt crypto exchange FTX faces a criminal investigation in the Bahamas following its dramatic collapse last week. Authorities in the Caribbean country where FTX has its headquarters are investigating whether any criminal misconduct occurred in the exchange’s decline and bankruptcy. Sam Bankman-Fried’s crypto exchange went from being one of the world’s largest to filing for …

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Argo Blockchain shares fall 50% as Bitcoin miner faces negative cash flow

Argo Blockchain shares fall 50% as Bitcoin miner faces negative cash flow

Argo Blockchain, a UK-listed Bitcoin miner, has announced that it could be facing negative cash flow in the near term after seeing a financing deal fall through. Argo previously had plans to raise £24 million ($27 million) via a subscription deal with a strategic investor earlier in October. This deal was in addition to …

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Can You Believe It? Bitcoin Looks Stable – Green, Even – as Big Tech Stocks Fall Apart

Can You Believe It? Bitcoin Looks Stable – Green, Even – as Big Tech Stocks Fall Apart

Sometime in the (Eastern time zone) evening on July 25, 2021, was the start of a magical run for bitcoin, punctuated by a late night 5% jump (noted by the yellow arrow in chart below). Bitcoin was in the mid-$30,000s range at the time, but by November it had reached an all-time high of around …

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Bitcoin Software Company Synonym Launches Bitkit, a Bitcon Wallet Powered by Slashtags Protocol

Bitcoin Software Company Synonym Launches Bitkit, a Bitcon Wallet Powered by Slashtags Protocol

“Bitkit isn’t a typical Bitcoin app. Anyone can now take their digital lives with them wherever they go, obsoleting Big Tech’s walled gardens and data surveillance,” said Paolo Ardoino, CSO of Synonym, in a release provided to CoinDesk. Ardino is also the chief technology officer (CTO) of Tether, crypto’s biggest stablecoin by market capitalization. Source …

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