Tag: crypto

China’s state TV crypto broadcast “big deal”, Binance CEO says

Binance CEO Changpeng Zhao says China’s state TV crypto broadcast is “a big deal.”  He notes that previous coverage has historically been bullish for crypto. His comments come as Bitcoin price struggled to stay above $26k on Wednesday. Binance CEO Changpeng Zhao, popularly known as CZ, says China broadcasting a crypto segment on state broadcaster […]

Michael Saylor is bullish on Bitcoin but sceptic on all other crypto

Michael Saylor reiterates his bullish view on Bitcoin. MicroStrategy Inc currently has about 140,000 BTC. Bitcoin has lost nearly 10% from its high in April. Bitcoin has lost nearly 10% in recent weeks but the pullback is only an opportunity to build a position as far as Michael Saylor – Chairman of MicroStrategy Inc is […]

Why is the crypto market down today? BTC briefly slips below $27k

Key takeaways The cryptocurrency market is down by roughly 1% over the past 24 hours. Bitcoin briefly dropped to $26,990 earlier today before recovering to now trade above $27,500. The dump came due to reports that there was a transaction with the United States government’s BTC wallet. Why the crypto market is down today The […]

Why the crypto market is down today

The crypto market cap was down 3.2% in the past 24 hours to $1.2 trillion as Binance halted BTC withdrawals. The exchange’s action followed massive network congestion for Bitcoin amid increase in fees as tokens with inscriptions and ordinals pumped. Meanwhile, Bitcoin (BTC) saw its market cap drop to $540 billion for a 45% market […]

Peer-to-peer crypto exchange Paxful to suspend operations

Paxful will temporarily halt operations. The exchange’s CEO however stated that they are not sure if it will resume operations. This is the second peer-to-peer crypto exchange to shut down. Paxful CEO Ray Youssef has published a post on the exchange’s website stating that the peer-to-peer (P2P) exchange will be suspending its marketplace. Ray went […]