Cryptocurrency Analysis and News Portal
Celsius has been at the center of most crypto controversies in the last month. The lending platform had had to pause withdrawals, transfers, and swaps on its platform, citing extreme market conditions as the reason, but that was only the beginning of its troubles. However, Celsius looks to be taking
Read More
Bitcoin (BTC) finished June 2022 just below $20,000 after a last-minute pump saw bulls escape 40% monthly losses.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Bitcoin could stay "boring" for monthsData from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking higher into the monthly close, which came in at $19,924 on
Read More
“Stronghold believes its liquidity position, combined with expected operating cash flow, will be sufficient to meet all existing commitments and fund operations,” the company said in a statement. “The Company also believes that incremental liquidity can be created through proceeds related to Bitcoin miner fleet management and optimization, including potential
Read More
Terra’s commitment to filling up its coffers with Bitcoin has been solidified once more with another $1.5 billion purchase. This is the fruit of a pledge that the project had made to buy more than $10 billion worth of BTC to serve as a reserve for its stablecoin, UST. More
Read More
Marathon Digital (MARA), one of the largest publicly traded bitcoin (BTC) mining companies, reported first-quarter sales of $51.7 million, rising 465% from the year-ago quarter and just ahead of the consensus analyst estimate of $51.5 million, according to FactSet data. Original Source
Read More
Buying a Coinbase stock (COIN) to gain indirect exposure in the Bitcoin (BTC) market has been a bad strategy so far compared to simply holding BTC. Notably, COIN is down by nearly 50% to almost $186, if measured from the opening rate on its IPO on April 14, 2021. In comparison,
Read More
For 2022, Coinbase said it expects annual average retail MTUs of between five million to 15 million. "This wider than normal set of factors results in a wider range of potential outcomes for 2022. Simply put, we have less near-term visibility, and it is currently too early to provide a
Read More
Ethereum has been up with the recovery in the market, growing as fast as bitcoin in the space. This has seen the market cap of the cryptocurrency rise rapidly. While it had lost its footing in the list of top assets by market cap in the world following the price
Read More
At the height of the bitcoin rally, end-of-year predictions had flown around with abandon. Most had placed the price of the digital asset at $100,000 before 2021 ran out. With the movement of the asset at that point, one could easily look at those predictions and see how it could
Read More
Non-GAAP (generally accepted accounting principles) income excludes the impact of depreciation and amortization of fixed assets, impairment losses on mined cryptocurrency, server maintenance contract amortization and stock compensation expense. The metric includes the change in fair value of the Marathon Digital’s investment fund, which purchased 4,812.66 BTC for about $150
Read More