Bitcoin

On Feb. 1 and Feb 2. Bitcoin’s (BTC) price surpassed even the most bullish price projections after the U.S. Federal Reserve (FED) announced plans to raise interest rates by 25 basis points.  Even though FED chair Jerome Powell told investors not to wait for interest rate cuts in 2023, during his press conference he did clearly state that the employment data is currently the main focus. The results of the ADP payroll survey revealed on Feb. 1 that U.S. private sector hiring was significantly… Source link

Dennis Diatel Photography/iStock Editorial via Getty Images Thesis Summary Ethereum (ETH-USD) has rallied strongly with the broader crypto market, and it seems like a bottom could be in. If this is the case, and you feel like you missed the boat, there’s no need to worry. History suggests there will be a chance for investors to get in at more favorable prices. Furthermore, given the current fundamental and technical outlook, I believe Ethereum could outperform Bitcoin (BTC-USD) in 2023,… Source link

MicroStockHub/E+ via Getty Images Bitcoin (BTC-USD) is extending its noteworthy year-to-date price gains in Thursday afternoon trading, flirting with the $24K multi-day technical resistance level, as the broader cryptocurrency market attracted further buying pressure on the heels of Fed chief Jerome Powell’s disinflation comments. The global crypto market cap, jumped 5.8% to $1.10T, reaching the highest level since August 2022, according to CoinMarketCap data. That was largely boosted… Source link

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Company mines a record 697 bitcoins for the month, up 50% from prior month and 129% from same prior year period; Company’s bitcoin holdings grow 32% LAS VEGAS, Feb. 02, 2023 (GLOBE NEWSWIRE) — CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”), America’s Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending January 31, 2023. “We had a banner month, and not just because we mined a record number of bitcoin,” said Zach… Source link

At the end of January, the Arizona legislature introduced a new bill to make Bitcoin (BTC 3.17%) legal tender within the state. If the bill passes into law, Arizona will become the first U.S. state where Bitcoin has the status of legal tender. The move — while it might appear quixotic to many crypto skeptics — is actually similar to the one made by El Salvador back in September 2021, when it became the first nation in the world to make Bitcoin legal tender. Since then, the government of… 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

ZUG, Switzerland, Feb. 2, 2023 /PRNewswire/ — The Bitcoin Association is delighted to announce the appointment of Cyrille Albrecht as Managing Director, Ewa Merino as Director of Finance and Operations, and Marcin Zarakowski as a new member of the Executive Committee. Cyrille joins The Bitcoin Association with over two decades of senior IT experience, most recently holding the position of Chief Technology Officer for Taal – a global team of industry-leading experts focused on creating… Source link

Bitcoin (BTC) faces a sink-or-swim resistance test to confirm its “macro breakout,” new analysis says. In a tweet on Feb. 2, on-chain monitoring resource Material Indicators flagged key levels to flip to support after BTC/USD spiked above $24,000. Bitcoin price gears up for trend line showdown In what was ultimately a boon for Bitcoin bulls, the United States Federal Reserve delivered what risk-on traders wanted to hear on Feb. 1. With Chair Jerome Powell using the word “disinflation,”… Source link

The Indian government has introduced new crypto tax penalties, including for non-payment of crypto tax deducted at source (TDS). Much to the disappointment of the crypto community, Finance Minister Nirmala Sitharaman did not mention crypto in her Budget speech this year. Crypto income remains taxed at 30% while TDS stays at 1%. No Crypto Tax Relief in India Indian Finance Minister Nirmala Sitharaman presented the Union Budget 2023 in parliament Wednesday, one day after she presented… Source link