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Kevin O'Leary Warns Major Crypto Panic Event Is Coming — 'I Don't Believe We've Seen the Bottom Yet' – Markets and Prices Bitcoin News
Shark Tank star Kevin O'Leary expects to see a "big panic event" in the crypto space. "I don't believe we've seen the bottom yet," he said.See the Story
Study: 14% of Saudis Are Crypto Investors, 76% Have Less Than One Year of Experience in Cryptocurrency Investment – Featured Bitcoin News
14% of Saudi residents are either current crypto investors or have traded crypto in the past six months, the latest Kucoin study has found. The study has also found that 76% of investors have less than one year of experience and thus may be in need of relevant crypto education. A further 17% of the country's adults are said to be crypto-curious and are likely to invest in cryptocurrencies over the coming six months.See the Story
‘Unprecedented Opportunities’ — Cleanspark Acquires 1,061 Bitcoin Miners at a ‘Discounted Price’ – Mining Bitcoin News
Cleanspark, Inc. (Nasdaq: CLSK) announced on Thursday that the company purchased 1,061 Whatsminer M30S bitcoin mining devices. In mid-June, Cleanspark acquired 1,800 Antminer S19 XP bitcoin mining machines at an exceptionally discounted price. The firm's computational power has risen 47% during the past six months and the company's bitcoin production grew by 50%.See the Story
Latest News Stories
Spanish Crypto Exchange Bit2me to Rescue 2gether Customers After Account Block – Exchanges Bitcoin News
Bit2me, a Spanish digital currency trade, is hoping to retain clients of 2gether, one more Spanish trade, after the organization obstructed admittance to its exchanging stage. The organization uncovered an arrangement that would permit clients to move their assets and records to its foundation to continue trading. The goal is keep these clients in the crypto climate.See the Story
Bank of America
Inflation hits 40-year high as concerns about a recession grow
Bank of America has forecasted that the U.S. economy will slide into a recession this year. A number of forces have coincided to slow economic momentum more rapidly than we previously expected, the bank's economists said. The Bank of America forecast puts inflation broadly in line with the Fed's 2% mandate by the end of 2024.See the Story
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Bitcoin ETFs and Open Interest From BTC Futures, Options Follow Crypto Economy's Spot Market Decline – Market Updates Bitcoin News
On November 10, 2021, the aggregate bitcoin futures open interest was $26.73 billion and bitcoin (BTC) was trading for $68,766 per coin. On Thursday, July 14, 2022, statistics show open interest is $10.69 billion. Bitcoin futures market leaders, in terms of monthly trade volume, include crypto exchanges like Binance, Bybit, Okex, FTX and CME Group.See the Story
South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset – Emerging Markets Bitcoin News
SARB expects to have a cryptocurrency regulatory framework in place by the end of 2023. Deputy governor of the SARB, Kuben Naidoo, recently said the institution had revised its stance on cryptocurrencies. He said the use of crypto in money laundering and other illicit activities is a source of concern.See the Story
State-Owned Swiss Bank Postfinance to Offer Clients Direct Access to Crypto Market – Featured Bitcoin News
Swiss Post's banking unit, Postfinance, is reportedly preparing to enter the crypto market. The bank already offers crypto exposure to its customers through the Yuh app. Last week, the post office announced that it is launching Swiss Crypto Stamp 2.0. It will be available from selected branches and at postshop.ch.See the Story