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Digital Currency

Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

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Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a drop in value following hawkish comments by Federal Reserve Chair Jerome Powell. The decline coincided with the Fed's announcement of a pause on interest rate hikes. Despite the short-term bear market, analyst Jason Pizzino believes that Bitcoin remains in a bull market as long as it stays above the $20,000 mark.

Portfolio Pulse from Mehab Qureshi

June 15, 2023 | 3:04 am

South Korean digital asset platform Delio has temporarily halted customer deposits and withdrawals, citing the need to protect client assets amidst market turbulence and investor uncertainty. Delio manages approximately $1.1 billion in Bitcoin and $206 million in Ethereum. This follows a similar move by Haru Invest, which also suspended deposits and withdrawals.

Portfolio Pulse from Murtuza Merchant

June 14, 2023 | 7:00 pm

Bitcoin (BTC) fell below $26,000 ahead of the Federal Reserve's monetary policy decision, with Ethereum (ETH) also trading lower. Injective (INJ) was the top gainer, while XRP (XRP) was the biggest loser. The global crypto market cap fell to $1.06 trillion, recording a 24-hour decline of 0.4%.

Portfolio Pulse from Lisa Levin

June 14, 2023 | 1:46 pm

MicroStrategy founder Michael Saylor predicts a seismic shift towards a Bitcoin-centric model in the cryptocurrency landscape. He believes that regulatory dynamics will narrow the industry's focus towards Bitcoin, with only a few other proof of work tokens remaining. MicroStrategy currently holds around 140,000 Bitcoin, worth approximately $4 billion.

Portfolio Pulse from Murtuza Merchant

June 14, 2023 | 1:23 pm

Binance's Cyprus unit has applied to deregister as a crypto asset service provider in Cyprus, according to the country's securities regulator website.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:18 pm

Crypto trader Michael van de Poppe revealed his top 4 coins to invest $1,000 in before the 2024 US Presidential Elections. He suggested investing $300 in Bitcoin (BTC), $300 in Ethereum (ETH), $150 in Chainlink, and $250 in Cosmos.

Portfolio Pulse from Mehab Qureshi

June 14, 2023 | 12:00 pm

Apple Inc. has warned decentralized social messaging app Damus of potential removal from the App Store due to non-compliance with guidelines, specifically regarding its integration with the Lightning Network. Twitter co-founder Jack Dorsey criticized Apple's decision, while iStore CEO Joel Teitelbaum criticized Dorsey for not integrating cryptocurrencies into Twitter.

Portfolio Pulse from Mehab Qureshi

June 14, 2023 | 11:30 am

U.S. Presidential candidate Robert Kennedy Jr. praised blockchain technology, Bitcoin, and entrepreneurs Elon Musk and Jack Dorsey for their commitment to democracy and free speech. Kennedy believes that blockchain technology, like that being developed by Nostr and Bitcoin, will be useful in creating censorship-proof social media sites.

Portfolio Pulse from Mehab Qureshi

June 14, 2023 | 10:31 am

Stock futures are mixed ahead of the Federal Open Market Committee meeting, with the market pricing in a hawkish undertone at Chair Jerome Powell's post-meeting press conference. The resilience of the economy has been surprising, according to Chris Zaccarelli, Chief Investment Officer at Independent Advisor Alliance. In premarket trading, SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) gained, while Tesla (TSLA) and Advanced Micro Devices (AMD) shares also rose.

Portfolio Pulse from Shanthi Rexaline

June 14, 2023 | 10:08 am

Binance CEO Changpeng Zhao denies selling Bitcoin and BNB, stating that the company still holds FTT. This comes amid a legal dispute with the SEC over allegations of violations at Binance.US, which may result in a full asset freeze on its US operations.

Portfolio Pulse from Mehab Qureshi

June 14, 2023 | 5:21 am

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