Bankrupt BlockFi plans to sell $160M Bitcoin mining hardware loans

BlockFi filed for Chapter 11 bankruptcy in November 2022 citing exposure to the just collapsed FTX. The plan to sell off the loans backed by Bitcoin mining machines is part of the bankruptcy proceedings. Bidders have until before the end of January to submit offers. About two months after BlockFi filed for Chapter 11 bankruptcy, […]

Bitcoin bulls push BTC to highs of $23,300

Bitcoin hit highs of $23,342 on Binance, with a breakout above $22k extending year-to-date gains. BTC price is up 30% in a month and has recovered 47% since the decline to $15,500 lows. Short liquidations were around $376 million in the past 24 hours. Bitcoin price roared to highs above $23,000 on Saturday morning, rising […]

Bitcoin is ‘a hyped-up fraud’

JPMorgan CEO Jamie Dimon previously slammed Bitcoin as a “Ponzi scheme”. On Thursday, he told CNBC’s Squawk Box that crypto is a decentralised Ponzi scheme and that Bitcoin is just “hyped-up fraud.” Dimon says people have lost billions of dollars and believes regulators should have put a stop to crypto “a long time ago.” Not […]

Bitcoin now at its pre-FTX collapse level

At press time, bitcoin (BTC) was trading at $21,507.97. Bitcoin price has surpassed where it stood on November 5 just prior to the FTX collapse. It now stands at its highest price since mid-September last year. 2022 was definitely not a very good year for crypto and especially for bitcoin (BTC) which was trading below […]

Bitcoin and AI: Artificial Intelligence in Crypto

The global AI market is forecast to grow $1394.30 billion in 2023. Investors and traders can tap into AI to benefit from features such as automation and accuracy. Bitcoin and AI also have the capacity to combat frauds in transactions across global markets. Have you ever thought that where technology will extend us, either intelligent […]

Bitcoin hits $18,200 as 13% more of of BTC supply in profit

Bitcoin price jumped more than 5% on Thursday to hit levels above $18,400. According to on-chain data from Glassnode, the price rally has helped return 13% more BTC into profit; now 60.5% of circulating supply is in profit. Only 47%-48% of BTC had been in profit between November 2022 and the start of January, 2023. […]

Buying Bitcoin now? What this could mean

Bitcoin endured a bear market for the whole of 2022 Macro-economic factors have been responsible The bearish market could continue as analysts predicts recession in 2023 There were high hopes as Bitcoin (BTC/USD) surpassed $68,000 at the tail end of 2021. Investors started to bet on $100,000 as the next price level. Renowned investors, including […]