Mazars says users’ BTC reserves on Binance are fully collateralized

by webwriter | Dec 8, 2022 | Bitcoin News

South African auditor Mazars confirmed on Dec. 7 that cryptocurrency exchange Binance possessed control over 575,742.42 Bitcoin (BTC) of its customers, worth $9.7 billion at the time of publication. Mazars stated that “Binance was 101% collateralized.”The scope of the...

Bitcoin options data shows bulls aiming for $17K BTC price by Friday’s expiry

by webwriter | Dec 7, 2022 | Bitcoin News

Bitcoin (BTC) price crashed to $15,500 on Nov. 21, driving the price to its lowest level in two years. The 2-day-long correction totaled an 8% downtrend and wiped out $230 million worth of leverage long (buy) futures contracts. The price move gave the false impression...

US lawmakers want State Department to justify crypto rewards and disclose payouts

by webwriter | Dec 7, 2022 | Bitcoin News

The United States lawmakers have proposed an amendment to the State Department Basic Authorities Act of 1956 that includes information on crypto rewards and payouts.The proposed amendment under the National Defense Authorization Act (NDAA) requires the Department of...

Bitcoin on-chain data shows 5 reasons why the BTC bottom could be in

by webwriter | Dec 7, 2022 | Bitcoin News

After a whirlwind November for Bitcoin (BTC), certain on-chain and Bitcoin price metrics are suggesting that BTC’s bottom could occur in December. In Capriole Investments’ latest report, they provide analysis on Bitcoin finding the bottom. When taking into...

Bitcoin clings to $17K as ARK flags ‘historically significant capitulation’

by webwriter | Dec 6, 2022 | Bitcoin News

Bitcoin (BTC) and decentralized blockchains are “as strong as ever” in the wake of the FTX meltdown, ARK Invest says.In the latest edition of its monthly newsletter, “The Bitcoin Monthly,” the investment giant came out firmly bullish on BTC.ARK: FTX scandal may be...

BTC price levels to watch as Bitcoin holds $17K into the market open

by webwriter | Dec 5, 2022 | Bitcoin News

Bitcoin (BTC) cooled volatility above $17,000 into the Dec. 5 Wall Street open as traders confirmed upside targets.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin traders warm to near-term upsideData from Cointelegraph Markets Pro and TradingView...