Bitcoin price peels back from its weekly high, but BTC derivatives markets look good
Wider economic and stock market-related issues are impacting Bitcoin’s softening price, but futures market data shows traders still feel bullish.This post was originally published on this site
Bitcoin trades under $57K, but data suggests pro traders are not bearish
Bitcoin price fell closer to $56,000, leading traders to question whether the bull market is coming to an end. US job market data could hold the answer.This post was originally published on this site
Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a ‘Domino’ Run on the Banks
Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations offered to startup founders. Draper recommended having at least two payrolls worth of cash in bitcoin or other cryptocurrencies to avoid being affected by bank failures like the collapse of Silicon Valley Bank (SVB). Tim […]
Businesses should hold two payrolls ‘worth of cash’ in crypto: Tim Draper
American venture capital investor Tim Draper warned business founders to build preventative plans to be ready for bank failures “that could happen more and more” if the government continues to “print money and whipsaw interest rates.”This post was originally published on this site
Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research
Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what the company had previously disclosed. Unredacted Documents Reveal Blockfi’s $1.2 […]
Fight for Bitcoin: Brazilian UFC star to receive fight earnings in BTC
UFC fighter Matheus Nicolau is moving to the Bitcoin paycheck to hedge against inflation and secure the value of his hard work.This post was originally published on this site