Litecoin announced partnership with Mastercard to provide Litecoin Mastercard in the UK and Europe. Sharks have increased their holdings by over 4% as price rallies. Litecoin [LTC] and Mastercard have announced a partnership, which would introduce the Litecoin Mastercard in the UK and Europe. A post on 30 January, while making the announcement, demonstrated that it would build a payment bridge between cryptocurrencies and traditional finance (TradFi). Investors reacted well… Source link

Bitcoin prices broke back above US$23,000 in Wednesday morning trading in Asia. Ether and most other top 10 non-stablecoin cryptocurrencies also bounced back from yesterday’s losses amid strong gains in U.S. equities for January and optimism the U.S. economy is heading for a soft landing. Top memecoin Dogecoin led the pack, still gaining from reports on Monday that long-time advocate and Twitter Inc. boss Elon Musk is looking to bring payment systems to the social media platform. See… Source link

Tesla recorded a $204 million impairment loss in 2022 on its bitcoin holdings, according to regulatory filings. The loss was offset by $64 million in profits from bitcoin trading, leaving the automaker with a net loss of $140 million. Tesla had invested $1.5 billion in bitcoin during the first quarter of 2021, stating that it believed in the longevity of the cryptocurrency. At the time, the company said bitcoin was a great place to store cash and still access it… Source link

With a gain of 39.4% this month, Bitcoin is closing out its best month since a 40% rally in October 2021 and its best January since 2013. Currently changing hands at $22,910, bitcoin (BTC-USD) has been trading over the past week at its highest level since August of last year. The largest cryptocurrency hasn’t given holders such an uplifting January in a decade. “We started January off with some explosive price action the week of December’s CPI print,” said Christopher Newhouse, options… Source link

Bitcoin is already seeing a drawdown which has sparked speculation that the mini-bull run has come to an end. However, over the long term, there is still a bullish case for the digital asset but how high the price will go remains anyone’s best guess. An analyst has taken to Twitter to share their own forecast, which paints one of the most bullish cases for bitcoin over time. PlanB Says Bitcoin At $1 Million Is Possible In a YouTube video, the pseudonymous analyst known as PlanB on Twitter… Source link

BTC’s worst 2022 trading day was a 16% decline on June 13, coinciding with Celsius Network’s announcement that it was pausing investor withdrawals. ETH’s worst trading day was a 17.5% decline on Nov. 9, when Binance retreated from a deal to acquire troubled crypto exchange FTX. Source link

‘The Bottom Line’ co-host Sean Duffy discusses Bitcoin and his new FOX Business show. Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin. Digital asset investment products, often favored by institutional investors, saw inflows of over $117 million last week, the biggest weekly increase since last July, according to data from asset manager CoinShares. Bitcoin was far and away the biggest draw, with funds tracking it responsible for $116 million… Source link

The rally in cryptocurrency markets started in early January with a spike in heavily-shorted altcoins and Ethereum (ETH) liquid staking derivative (LSD) tokens due to the upcoming network upgrade in March. Soon gains started to show across the board as buyers started to play catch up.  The improving macroeconomic conditions, such as reduced inflation and a stable job sector in the United States, provided additional tailwinds for the positive rally. Bitcoin (BTC) is en route to its most… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Illustration: Aïda Amer/Axios The Threshold Network has announced plans for a new decentralized bitcoin bridge to Ethereum, allowing the original cryptocurrency to be used on the largest programmable blockchain. Why it matters: As holders of the oldest and most valuable cryptocurrency, many bitcoin investors want to use it to earn yield in decentralized finance (DeFi), something they can’t do on the Bitcoin blockchain. But they also want to avoid the counterparty risk of trusting a single… Source link