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Bitcoin․com Exchange Market Insights Report for April 2022
This is the inaugural monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more. Crypto market performance In late March, BTC tested $48,000, a key resistance level which had not been reached since September last year.
Mega Bitcoin Mining Firm Bitfarms Increased Power to Over 160 MW in July
Bitfarms, a Bitcoin miner, increased its total energy production by 21% in July to 166 megawatts. To reduce its debt and increase liquidity, the company sold 1,623 BTC.
Mobile Banking App Dave Secures $100 Million FTX Investment To Boost Crypto Presence
Dave, the digital banking software that went public on the Nasdaq two months ago, is stepping up its cryptocurrency ambitions following a new $100 million investment from crypto exchange FTX. Dave Inc. established a strategic agreement with West Realm Shires Services, Inc., the owner and operator of FTX US, on Tuesday to further develop the
European Union Regulators Warn Not Many Crypto Assets will Survive Crypto Winter
Verena Ross, Chair of European Securities and Markets Authority (ESMA), says the crypto market crash should serve as a “cautionary tale” for investors. She pointed out that it is “really questionable” whether many crypto assets will survive.
