Bank of America Corp. reported Wednesday a surge in second-quarter earnings with sharp drop in provision for credit losses. Earnings per share topped market estimates, while revenues were weak and missed analysts’ view. In pre-market activity on NYSE, Bank of America shares were losing around 2.2 percent to trade at […]
Bitcoin has continued to play out in tight range since it found ground in the $29,000 area, a support area that was last established on diverse dates in January this year. Whereas most observers seem to only harbor a bullish bias, JPMorgan has constantly held that that Bitcoin could further […]
Inflation is rising at the fastest pace since 2008 according to the latest data by the U.S. Bureau of Labor Statistics. They say: “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent in June… This was the largest 1-month change since June 2008 when the index rose […]
You may not have given much thought to betting with Bitcoin in the past, instead preferring to wager using your tried and tested FIAT currencies. However, there are several reasons why you may want to make the switch to BTC betting, especially if you are a high roller. In a […]
Crypto firm Circle is set to become a publicly listed company through a $4.5 billion business combination deal with Concord Acquisition Corp. (CND), a publicly traded special purpose acquisition company or SPAC. Circle is expected to trade on the NYSE under the ticker symbol “CRCL.” Circle is the principal operator […]
The former President of the United States, Donald Trump, had made it very clear where he stood with digital currencies. Clearly, Trump was not a fan of Bitcoin which he had branded “a scam against the US dollars.” However, with the arrival of President Joe Biden, came the hope that […]
Bitcoin has been trading in a tight range, leading to many traders staying on the sidelines as they wait to see if any resolution to the upside will be forthcoming. The king coin struggled to break above the $35K resistance after finding some momentum this past weekend. The coin formed […]
Following the legalization of bitcoin as legal tender in El Salvador, it appears that most of the country’s citizens are not enthusiastic about the government’s move to adopt bitcoin. El Salvadorans Skeptical About Bitcoin According to Reuters on Thursday (July 8, 2021), the thoughts of El Salvadorans about the government’s […]
Bitcoin investors with the largest holdings in Bitcoin seem to have started making a comeback after they exited in the early signs of a crash in May, a report has shown. According to Glassnode, a blockchain data and intelligence provider that generates innovative on-chain metrics and tools for digital asset stakeholders, […]
The amount of bitcoin in the Lightning Network (LN) has nearly doubled this year, up from about 1,000 BTC at the beginning of 2021 to now more than 1,700, worth $56 million. The biggest amount of growth in actual bitcoin, rather than fiat value, has been since the end of […]
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