Bitcoin Price Rally Defies Miner Reserve Drops, Here’s Why

Bitcoin Price Rally Defies Miner Reserve Drops, Here’s Why

Source: Bitcoinist The Bitcoin (BTC) Miner reserves have experienced a consistent decline over the last year in a rather concerning development. However, Bitcoin has recorded multiple price rallies during this period even breaking into the $100,000 price zone. CryptoQuant analyst cryptoavails has provided some insight into this divergent trend pinpointing the driving force behind the…

Read More
SEC Cracks Down On Digital Currency Group:  Million Civil Penalty For ‘Misleading Investors’ | TheSpuzz

SEC Cracks Down On Digital Currency Group: $38 Million Civil Penalty For ‘Misleading Investors’ | TheSpuzz

Source: Bitcoinist The US Securities and Exchange Commission (SEC) has initiated formal cease-and-desist proceedings against venture capital firm Digital Currency Group (DCG) due to its alleged negligent conduct in relation to a lending program offered by its subsidiary, Genesis Global Capital (GGC).  This action arises from findings that Digital Currency Group “misled investors” about Genesis…

Read More
Bitcoin Open Interest Hits 350K BTC: Rising Levels Suggest Growing Market Activity | TheSpuzz

Bitcoin Open Interest Hits 350K BTC: Rising Levels Suggest Growing Market Activity | TheSpuzz

Source: Bitcoinist Bitcoin has made an impressive recovery, surging over 15% since Monday’s flash crash brought the price briefly to the $89,000 level. The rebound has reignited bullish momentum, with BTC now attempting to push above a key supply zone. Analysts believe that once BTC clears these levels, it could deliver significant returns, setting the…

Read More