Industry

Another week, another round of Crypto Tidbits. Over the past 72 hours, Bitcoin (BTC) has begun to rapidly pick up steam. As of the time of writing this, the cryptocurrency is currently trading at $5,800 on most major exchanges. It isn’t clear what catalyzed this surge, which has primarily materialized in BTC, not altcoins, but…

For some reason or another, Bitcoin (BTC) has continued to rally into Saturday. As of the time of writing this, the crypto asset is trading at $5,725 on most major exchanges, while altcoins have begun to play catch-up. While some fears that this rally is unsustainable, especially with the debacle that both Bitfinex and Tether…

Canada’s Quebec province is tapping the bitcoin mining market to improve its annual economic projections. The region’s energy regulator, the Régie de l’énergie (LRQ), ordered public utility Hydro-Québec to allocate a 300-megawatt block of electricity to the blockchain industry. The move increased the total power supply granted for mining cryptocurrencies from 368 megawatts to 668…

Venezuela has seen its national currency become practically worthless after undergoing one of the worst economic crisis in history. The inflation is all-time high – all the essential goods such as medicines and even toilet papers have soared in value. More citizens are leaving the country every day, while the ones who cannot afford to…

For Bitcoin (BTC) investors outside of the U.S., the names “Square” or “Cash App” might not ring a bell. For American crypto diehards, however, Square’s flagship product, the BTC-friendly Cash App, has been all the rage. The fintech startup’s financial report has revealed that Bitcoin sales on the application have breached new records quarter-over-quarter, despite…

By many measures, the past few months have been absolutely monumental for the crypto. Facebook, Samsung, HTC, among other technology giants have doubled-down on blockchain. Fidelity and E*Trade are both rumored to soon be offering spot Bitcoin (BTC) trading, as Nasdaq and the Intercontinental Exchange (through Bakkt) look to launch cryptocurrency futures. And big names…

Last week, the crypto community was shocked when the New York Attorney General’s (NYAG) office revealed that Tether Limited, the issuer of the USDT asset, and world-renowned Bitcoin (BTC) exchange Bitfinex may be in precarious financial standing. Related Reading: Bitcoin and Crypto Investors Are Torn Over Using Bitfinex After Accusation Respected sources, however, claim that…

If you’ve checked Crypto Twitter or *insert your favorite trade publication* over the past 72 hours, NewsBTC is sure that the Tether and Bitfinex news, along with the effect this debacle has had on the Bitcoin (BTC) price, has been on your radar. But if you are somehow unaware, here’s a brief recap: On Thursday,…

As traders have begun to realize that the news regarding the financial status of Tether Limited (USDT’s issuer) and Bitfinex isn’t all too harrowing, Bitcoin (BTC) has recently stabilized. In fact, analysts have claimed that the crypto market’s lack of reaction to the seemingly bearish news shows strong fundamental strength, and may, in fact, be…

What many thought would never happen did on Thursday. Just days after Tether Limited, the company behind the USDT stablecoin, minted $300 million worth of its crypto asset, reports revealed that its operator, iFinex, may be on thin ice. As a result of this news, Bitcoin (BTC) dropped by 10% within minutes, plunging from $5,550 on…