HomeTagsBitcoin

Tag: Bitcoin

Kevin O’Leary Says He’s Expecting Another Crypto Fallout But Isn’t Out On Bitcoin

Businessman and Shark Tank star Kevin O’Leary expects the crypto market to have another fallout in the future. However, that doesn’t mean he’ll stop adding Bitcoin to his portfolio. Speaking with Kitco News, O’Leary was asked whether he expects the crypto market to endure another...

Bitcoin Surging After Fed Decides to Protect SVB and Signature Depositors

The crypto market is benefiting from the Federal Reserve’s decision to protect depositors of collapsed Silicon Valley Bank (SVB) and Signature Bank. All major cryptocurrencies have seen positive movement to start the week, with Bitcoin jumping almost 18 percent at one point. Fed recently issued...

Dollar Heads for Largest Weekly Loss Since January as Bitcoin Falls

The dollar retreated from its two-and-a-half-month high against the Japanese yen on Friday, putting it on track for its largest weekly loss since mid-January. The dollar index, which measures the greenback against a basket of major world currencies, 0.3% to 104.60, having previously hit...

Bitcoin Rallies, Futures Decline as Investors Pan Economic Data

U.S. futures declined on Thursday morning as investors continued to digest this week's latest round of economic data. S&P 500 futures declined by 1.14%, while Dow Jones Industrial Average and Nasdaq Composite Index contracts fell by 0.8% and 1.5% respectively. Bitcoin, in contrast, rallied...

World’s Largest Crypto Exchange Binance Suffers $570 Million Hack

Binance, the world’s largest exchange for cryptocurrency, has been a victim of a hack attack earlier this week. According to reports, the hackers managed to get away with $570 million in crypto before the attack was discovered and stopped. Changpeng Zhao, CEO of Binance, explained...

Crypto Billionaire Jihan Wu Setting Up Fund to Buy Distressed Bitcoin Mining Assets

Many Bitcoin miners are in the process of liquidating their mining assets in an attempt to deal with the plunging price of Bitcoin and high energy costs. This led to a depression in the value of mining rigs and crypto billionaire Jihan Wu and...