Bitcoin News & Breaking Stories

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Bitcoin price falls after US CPI data, but support at $36,000 could launch gains above $38,000 and $40,000, making it bullish.

Sam Bankman-Fried, founder of cryptocurrency exchange FTX, has been convicted of one of the biggest financial frauds in US history. Bankman-Fried, who amassed a net worth of $26 billion before turning 30, used his wealth to gain political influence and hired celebrities to promote FTX as safe. However, prosecutors claim that his responsible image was a cover for embezzling customer funds. Bankman-Fried has pleaded not guilty to seven counts of fraud and conspiracy.

Ark's ARK Autonomous Technology & Robotics ETF purchased over $5 million worth of Advanced Micro Devices (AMD) shares, ahead of the company's upcoming third-quarter results. The fund also bought shares of Taiwan Semiconductor Manufacturing Co. (TSMC).

Bitcoin surges as speculation grows about the approval of a bitcoin exchange-traded fund in the United States.

Bitcoin mining companies have outperformed Bitcoin itself this year, with shares of publicly-traded firms surging over 100%. The rising value of Bitcoin and positive business developments have contributed to the profitability of these companies. Mining companies earn money by mining Bitcoin's next block, and as the value of Bitcoin rises, so does their profit. Additionally, mining companies have made strides in boosting their value proposition to investors through investments in new mining hardware and diversification into other services.

Bill Gates and Elon Musk had a confrontational meeting in 2022 over Gates shorting $1.5 billion worth of Tesla stock, according to a new biography. Musk was upset and "super mean" to Gates during the meeting. The book also reveals Gates' criticism of Musk's beliefs on climate change and Mars colonization.

Texas' electric grid is on the verge of blackouts due to tight grid conditions caused by high temperatures and reduced reserves. Conservation efforts are being urged.

Bitcoin's price has declined due to Tether's decision to stop supporting USDT on the Bitcoin blockchain, potentially impacting market volatility and deterring businesses from accepting Bitcoin. Elon Musk's sale of BTC holdings is also a contributing factor.

Bitcoin's price fell by nearly 8% in an hour of frenzied trading, erasing most of its gains since June. The sell-off coincided with news that Elon Musk's SpaceX had written down the value of its bitcoin holdings by $373mn and sold the cryptocurrency. The volatility comes as US regulators crack down on the sector and as expectations of interest rate cuts by the Federal Reserve are reassessed.

Financial markets rally as US Consumer Price Index (CPI) matches estimates, increasing expectations of a Fed rate pause.

Bitcoin shows signs of optimism despite SEC lawsuits and stagnant price.