bitcoin - Tech News from Simmons Systems (Page 3)

Tech News from Simmons Systems

bitcoin

A collection of 121 posts

Bitcoin Stabilizes Above $20,000 Following Record Liquidations

Bitcoin shows tentative signs of recovery, holding above the $20,000 mark after a week of forced selling pushed realized losses to a record $7.3 billion. However, analysts warn that central bank rate hikes and high volatility threaten to prolong the market turbulence.

Bitcoin Drops Below $20,000 as Crypto Volatility Intensifies

Bitcoin struggles to maintain the critical $20,000 threshold amid wild weekend price swings and aggressive Federal Reserve rate hikes. The broader cryptocurrency market faces heavy selling pressure and rising fears of further liquidations.

Bitcoin Plunges Below $20,000 as Crypto Market Meltdown Deepens

Bitcoin falls below $20,000 for the first time since 2020, losing over 70 percent of its peak value. The broader crypto meltdown triggers massive layoffs and urgent calls for industry regulation.

Major Crypto Exchanges Slash Jobs As Bitcoin Plummets to Two-Year Lows

Plunging cryptocurrency values have forced major digital exchanges like Coinbase to lay off significant numbers of employees. The broader crypto market loses nearly $2 trillion in value as Bitcoin and Ethereum hit their lowest points since 2020.

Senate Proposes New Framework to Regulate Cryptocurrencies and Stablecoins

Lawmakers introduce a new legislative plan to bring oversight to the volatile crypto market. The proposed regulations focus heavily on stablecoins and clearly define which digital assets count as securities.

Coinbase Trims 18% of Staff Amid Impending Crypto Winter

Cryptocurrency exchange Coinbase lays off roughly 1,100 employees as CEO Brian Armstrong warns of a prolonged market downturn and an over-hired workforce. The move mirrors broader struggles across the digital currency industry.

Bitcoin Plunges Below $23,000 as Crypto Market Cap Drops Under $1 Trillion

Bitcoin falls to its lowest level since December 2020 amid broader risk asset sell-offs and fears sparked by Celsius freezing customer withdrawals.

New York Senate Approves Two-Year Ban on Fossil Fuel Crypto Mining

The New York Senate passes a bill imposing a two-year moratorium on carbon-based crypto mining to reduce the state's carbon footprint. The legislation now awaits a decision from Governor Kathy Hochul.

Canadian Truckers Turn to Bitcoin After GoFundMe Freezes Millions

After GoFundMe freezes $8 million in donations for the Canadian trucker convoy, a group of Bitcoin advocates steps in to provide a censorship-resistant funding alternative. The crypto crowdfunding campaign quickly gains traction among major digital currency supporters.

Bitcoin Mining Recovers Fully After China's Massive Crypto Crackdown

The Bitcoin network completely recovers its computing power just five months after China banned cryptocurrency mining, proving the network's resilience against a nation-state attack.

First Bitcoin Futures ETF Sees Nearly $1B in First-Day Trading Volume

The newly launched ProShares Bitcoin Strategy Fund attracts $570 million in assets and nearly $1 billion in trading volume on its debut, signaling strong investor demand for regulated cryptocurrency access.

First Bitcoin Futures ETF Debuts on Wall Street

ProShares launches the first Bitcoin futures exchange-traded fund, marking a historic milestone for cryptocurrency on Wall Street. The new fund gives traditional investors easier access to Bitcoin without directly buying the digital currency.

ProShares Bitcoin Strategy ETF Drives Significant Weekly Fund Inflows

The newly launched ProShares Bitcoin Strategy ETF immediately impacts weekly fund flows, drawing strong investor interest as the first bitcoin-linked ETF hits the market.

China Officially Bans All Cryptocurrency Transactions and Mining Operations

China declares all cryptocurrency-related transactions illegal and bans foreign exchanges from serving its citizens. Ten government agencies collaborate to enforce a sweeping crackdown on trading and mining.

China Officially Bans All Cryptocurrency Transactions

China declares all cryptocurrency-related transactions illegal, expanding its crackdown on digital assets. The move targets both domestic and overseas crypto exchanges offering services to Chinese residents.