Market updates

Recent Bitcoin Bull Run and Prior Run-up Data Suggests a Softer Bear Market Is in the Cards

Coins Legend May 4, 2022 0

It’s been six months or roughly 180 days since bitcoin reached an all-time high at $69K per unit on November 10, 2021, and bitcoin’s USD value is down 45% from that point. Typically after bitcoin’s price tops, the bear market that follows leads to a large 80% or more decline in value. However,

Market updates

Bitcoin, Ethereum Technical Analysis: BTC, ETH Marginally Higher Ahead of Today’s Rate Decision

Coins Legend May 4, 2022 0

Bitcoin was trading marginally higher on Wednesday, as crypto markets returned to the green ahead of the Fed meeting. ETH also rebounded in today’s session, moving away from its long-term support level in the process. Bitcoin BTC was trading higher on Wednesday, as bulls re-entered the market ahead of today’s Federal Reserve rate decision. Following […]

News

El Salvador’s Bitcoin Volcano Bonds Launch Still on Hold, According to Treasury Minister

Coins Legend May 4, 2022 0

The date of the launch of the Salvadoran bitcoin bonds, the instrument that would serve to build the announced Salvadoran Bitcoin City, is still unknown. Announced to be released earlier this year, the launch has been affected by the current war in Ukraine, and the deceleration of global markets. According to Treasury Minister Alejandro Zelaya, […]

News

Finland to Donate Millions of Dollars From Sale of Seized Bitcoin to Ukraine

Coins Legend April 29, 2022 0

The government of Finland is discussing supporting Ukraine with part of the money from the liquidation of millions of dollars worth of cryptocurrency seized in crime investigations. Finnish authorities want to sell the bitcoins soon and say they couldn’t come up with a better idea for the proceeds. Finland Selects Brokers to Sell $75 Million […]

News

Whale Watching: A Deep Dive Into the Portfolios of the World’s Largest Ethereum Whales

Coins Legend April 28, 2022 0

While there’s a number of bitcoin whales that often get caught by blockchain parsers and written about in media reports, ethereum whales get a lot less attention. According to statistics in 2022, there are a lot more ethereum whales than holders with large sums of bitcoin. In fact, while the top 100 richest bitcoin addresses […]

News

Central African Republic Has Adopted Bitcoin as Reference Currency — Office of the Presidency

Coins Legend April 28, 2022 0

Following the confusion that surrounded initial reports, a senior staffer in the Central African Republic (CAR)’s presidency has now confirmed that bitcoin will become the country’s reference currency. First Country in Africa to Officially Adopt Bitcoin A press statement supposedly issued by the office of the Presidency of the Central African Republic (CAR) appeared to

Market updates

Bitcoin, Ethereum Technical Analysis: BTC Rebounds, Moves Away From 1-Month Low

Coins Legend April 28, 2022 0

Market uncertainty in crypto was once again higher on Thursday, as traders continue to anticipate next week’s Fed decision. Following a drop to a one-month low during Wednesday’s session, BTC rebounded, with prices now hovering below $40,000. ETH also rallied, attempting to break out of the $2,950 resistance level. Bitcoin BTC was back in the […]

Technology

Gas-to-Bitcoin Mining Firm Crusoe Energy Systems Raises $505 Million

Coins Legend April 22, 2022 0

On Thursday, the bitcoin mining and flare gas mitigation firm Crusoe Energy Systems Inc. revealed it secured $505 million in new capital from strategic investors. According to the announcement, the Series C equity funding round was led by the climate technology venture capital firm G2 Venture Partners (G2VP). Crusoe Energy Systems Secures $505 Million From […]

News

Bitcoin, Ethereum Technical Analysis: ETH, BTC Down as Prices Fall at Key Resistance Levels  

Coins Legend April 22, 2022 0

Following recent back-to-back surges in price, both ETH and BTC were down during Friday’s session. Bitcoin fell by almost 5% today, while ETH was down by a similar figure, with both retreating back towards levels of support. Bitcoin After a strong rebound in prices mid-week, the world’s largest cryptocurrency was trading lower on Friday, as […]

News

SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale

Coins Legend April 18, 2022 0

Grayscale Investments’ CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is ‘a Matter of When and Not If’ The U.S. Securities and Exchange Commission (SEC) has now approved not one but two […]