Press Release

Standard Chartered to Launch Bitcoin and Ether Trading Desk: Report

June 21, 2024 CryptoExpert

British multinational bank Standard Chartered is all set to roll out a trading desk for Bitcoin and Ether. The latest development makes it one of the first global banks to engage in spot cryptocurrency trading. Standard Chartered has been engaging with players in the digital asset space for quite some time and has also partnered […]

Press Release

Bitcoin Open Interest Remains High Despite Price Drop, What’s The Significance?

June 21, 2024 CryptoExpert

In an interesting turn of events, the Bitcoin open interest has remained high even at a time when the price has been dropping. This suggests that despite the price crash, investors are still looking favorably at the pioneer cryptocurrency. Bitcoin Open Interest Stays Close To All-Time High The Bitcoin price has seen a decline over […]

Press Release

MicroStrategy Purchases Another 11,931 Bitcoin for $786 Million

June 20, 2024 CryptoExpert

Today, the American software and business intelligence firm MicroStrategy recently announced its substantial acquisition of Bitcoin (BTC). Between April 27 and June 19, 2024, the company bought 11,931 BTC at $65,883 per Bitcoin, totaling $786 million. This move shows MicroStrategy’s ongoing commitment to Bitcoin. MicroStrategy’s Aggressive Bitcoin Strategy: Latest Purchase and Future Plans In a […]

Press Release

Here’s Why Bitcoin (BTC) May Hit Another ATH This Year: Analysts

June 20, 2024 CryptoExpert

TL;DR Bitcoin’s price has dropped over 8% in the past two weeks to around $65,200, but analysts expect a rebound to $72,000-$74,000 and potentially above $100,000 by late 2024. High BTC open interest and negative exchange netflow suggest increased volatility and a potential bull run. BTC’s Next Possible Move The leading cryptocurrency in terms of […]

Press Release

Bitcoin Miners May See Profit Relieve As North American Heatwave Threatens Operations

June 19, 2024 CryptoExpert

Thanks to the summer heatwaves in North America, Bitcoin miners may begin to record a considerable increase in their revenue. This extreme weather condition is also expected to significantly impact Bitcoin’s hash rate. Bitcoin Miners To See Increase In Profit Thanks To Lower Competition Bitcoin miners are expected to see an increase in profit because […]

Press Release

CPower, Voltus Join Auradine to Optimize Bitcoin Mining

June 19, 2024 CryptoExpert

Today, Auradine, a Silicon Valley-based Bitcoin miner manufacturer, has strategically partnered with virtual power plant providers CPower and Voltus. The collaboration aims to enhance energy demand response and grid stability using Auradine’s EnergyTune technology. This technology allows Bitcoin miners to adjust their energy consumption in real-time. It could also reduce usage during peak demand periods […]

Press Release

Here is How Much Bitcoin (BTC) Drake Lost Betting on the NBA’s Final

June 18, 2024 CryptoExpert

TL;DR Drake suffered a substantial crypto loss after betting on the Dallas Mavericks to win the NBA finals. Additionally, he placed another $500,000 BTC bet on the Edmonton Oilers to win the NHL Stanley Cup Finals, continuing his risky wagering streak. Not Picking the Right Horse The popular Canadian rapper and actor Aubrey Drake Graham […]

Press Release

Who’s Dumping Their Coins, How Much And Why?

June 18, 2024 CryptoExpert

The bitcoin market has been chilly during the last two weeks. The uncontested ruler of the cryptocurrency world, Bitcoin, has taken the brunt of the cold., experiencing its worst weekly outflow in three months at a staggering $621 million, according to a recent report by Coinshares, a digital asset investment firm. This isn’t just a […]

Press Release

BlackRock CEO Talks Economic Hurdles

June 17, 2024 CryptoExpert

BlackRock CEO Larry Fink recently addressed the Group of Seven (G7) leaders. He highlighted a significant shift in the global financial system. Fink emphasized the growing role of capital markets as the primary source of private-sector financing. This change signals a pressing need for new strategies to unlock financial potential. Larry Fink: The “Growth Dilemma” […]

Press Release

Bitcoin Miners Are Selling Again: CryptoQuant

June 17, 2024 CryptoExpert

Bitcoin (BTC) has fallen 4.5% in the past seven days, going to a monthly low of $65,000. This plunge in the digital asset’s value could be linked to increased selling from mining entities. In the latest CryptoQuant weekly report, analysts revealed that the number of BTC sent from Bitcoin mining entities to exchanges has reached […]