Bitcoin retests $40K after stocks sell-off meets Fed balance sheet bust

Bitcoin (BTC) headed toward $40,000 on April 22 after a major retracement in equities speared bulls’ latest advance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sheds $3,000 on U.S. stocks plunge Data from Cointelegraph Markets Pro and TradingView showed BTC/USD being kept firmly under $41,000 Friday after volatility during the latest Wall Street trading session. […]

How smart contracts are shifting the crypto sector’s balance of power

One of the familiar themes seen in previous crypto market cycles is the shifting market caps, popularity and ranking of the top 10 projects that see significant gains during bull phases, only to fade into obscurity during the bear markets. For many of these projects, they follow a recognizable boom-to-bust cycle and never return to […]

MicroStrategy subsidiary adds another 4,197 BTC to balance sheet

On Tuesday, enterprise software development firm MicroStrategy announced via a filing with the U.S. Securities and Exchange Commission (SEC) that its subsidiary MacroStrategy acquired 4,197 Bitcoin (BTC) ($190.5 million) between February 15 and Tuesday. MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy […]

Wirecard (WDI) Stock Falls 70%, EY Indicates Zero Evidence of €1.9B on Balance Sheet

Ernst and Young indicated that as much as €1.9 billion in cash is missing from the Wirecard’s balance sheet. Wirecard management is working with the auditor to clarify the situation. Wirecard AG (ETR: WDI) stock price has fallen by more than 70%. This occurred as accounting firm Ernst & Young indicated that there is now […]

Inflation Not a Threat Long-Term Despite Massive Balance Sheet

Jerome Powell, the chairman of the Federal Reserve, reported on the state of the economy at a Senatorial hearing held on June 16. During the initial report on the state of the economy and the actions taken by the Fed in response to the Coronavirus crisis, the chairman listed all of the extraordinary measures adopted […]

Fed Balance Sheet Nears $6 Trillion, Bitcoin Breaks $7K

The Federal Reserve’s balance sheet just hit a new record, increasing to a massive $5.86tn. This is thanks to fresh new liquidity aimed to prevent markets from crashing during the coronavirus pandemic. As investors wonder what the end effects will be on fiat, Bitcoin breaks $7,000. Federal Reserve Balance Sheet Breaks Records According to Reuters, […]