Ethereum co-founder Vitalik Buterin has added his voice to the chorus of condemnation facing MicroStrategy co-founder Michael Saylor following the latter’s comments advocating for institutional Bitcoin (BTC) custody. Buterin’s critique came after Saylor suggested in a recent interview that large institutions holding Bitcoin can reduce the chances of asset seizure, which lawless crypto holders could...Read More
The billionaire investor said that “all roads lead to inflation” in an interview with CNBC on Oct. 22. He added that he was long on gold and long on Bitcoin, stating that commodities are so “ridiculously under-owned.” “I probably have some basket of gold, Bitcoin, commodities, and Nasdaq, something like that. And I own zero fixed...Read More
More than 100 physical attacks have been perpetrated against Bitcoiners, according to the “Known Physical Bitcoin Attacks” archive, maintained by Casa’s co-founder Jameson Lopp. The archive catalogs a concerning pattern in the crypto landscape: a rise in physical attacks against those possessing BTC and other digital assets. While numerous incidents go unnoticed, this list serves...Read More
As the US presidential race becomes more intense with less than a month away until Election Day, data from last week suggests that digital asset inflows have surged to $2.2 billion. This figure marked the highest level since July, spurred by optimism for a potential Republican success in the election. Inflows Surge Amid US Election...Read More
In a post on X on Oct. 20, adviser to the Senior Management of the Market Infrastructure and payments business area of the ECB, Jürgen Schaaf, labeled Bitcoin “a speculative bubble that will eventually burst.” He claimed that this would leave behind “substantial social damage amid its high energy use and facilitating illicit payments.” The...Read More
The United States Federal Bureau of Investigation (FBI) has arrested an individual responsible for posting a fake tweet announcing the Securities and Exchange Commission’s (SEC) approval of spot Bitcoin exchange-traded funds (ETFs) earlier this year. According to a press release by the United States Attorney’s Office for the District of Columbia, authorities have charged the...Read More
The Bitcoin price has been facing some bearish heat since the early trading hours after elevating the levels above the crucial support. While some may expect a pullback during the weekend, the crypto is believed to manifest a strong bullish action. The upcoming upswing is expected to push the prices above the crucial range of...Read More
Bitcoin (BTC), the world’s largest cryptocurrency by market cap, has breached one of the largest consolidations and is poised for a significant upside rally. On October 18, 2024, BTC broke out of the large descending channel pattern it had been moving since March 2024. Bitcoin Technical Analysis and Upcoming Levels According to the expert technical...Read More
Kraken announced the launch of its own wrapped Bitcoin token custodied by the crypto exchange. Dubbed ‘Kraken Bitcoin (kBTC),’ the new product is a fully backed, cross-network-compatible ERC-20 representation of Bitcoin. According to the official blog post, kBTC is held at the cryptocurrency exchange’s Wyoming-chartered Special Purpose Depository Institution (SPDI) – Kraken Financial. kBTC is...Read More
On Oct. 17, om-chain analytics platform Santiment reported that Bitcoin whale transactions have spiked to their highest level in over ten weeks. There were 11,697 transfers worth more than $100,000 on Oct. 15 and the 16th was also shaping up to be a high day for whale activity. The platform also noted that social media...Read More
Bitcoin witnessed record-breaking fees due to the frenzy of activity on the new Runes Protocol, which went live on its fourth halving event. After months of inactivity, Runes activity is seeing a notable resurgence. Bitcoin Runes Stages Comeback The latest data compiled by IntoTheBlock shows that the number of Bitcoin Runes transfers has tripled since...Read More
Elon Musk’s Tesla has moved almost its entire stash of 11,500 BTC worth around $760 million, according to Arkham Intelligence. There were 26 transactions in total on Oct. 15 to various w9allet addresses, it revealed. The Tesla holdings had been dormant for two years up until these latest transactions. The wallet balance is now zero,...Read More
Amid the ongoing price correction across the cryptocurrency market, Elon Musk’s Tesla has just moved a substantial amount of Bitcoin (BTC) to an unknown wallet. On October 16, 2024, the on-chain intelligence firm Arkham made a post on X (Previously Twitter) that the giant electric car manufacturer, Tesla had just moved 11,500 BTC worth $760...Read More
BlackRock CEO Larry Fink said Bitcoin (BTC) is an asset class, comparing its investment potential to that of gold. In a recent earnings call, Fink emphasized that the world’s largest asset manager now views Bitcoin as an alternative to traditional commodities. Bitcoin Is an Asset Class “We believe Bitcoin is an asset class in itself....Read More
Bitcoin prices reached $66,500 during late trading on Oct. 14, according to CoinGecko. It is the highest level since late September when it hit a similar price but was rejected at resistance. The asset seems to be behaving similarly again, with resistance forcing a retrace to $65,400 during Tuesday morning trading in Asia. Analyst ‘CrediBULL...Read More
A man is suing Newport Council for nearly 500 million pounds to recover 8,000 Bitcoin (BTC), which he claims he lost due to a mix-up that led to his hard drive being disposed of at a recycling center in 2013. James Howells has filed the lawsuit as a “last resort” after more than ten years...Read More
With just over 20 days until the US presidential election, the race is heading into its decisive phase, and the stakes are high for the crypto industry. Over the past few days, prediction markets have flipped, placing higher odds on Republican and pro-crypto advocate Donald Trump securing a win compared to his Democratic competitor, Vice...Read More
Will crypto markets experience another week of low volatility and inactivity, or is Bitcoin about to break out and kick off “Uptober”? On Oct. 14, analyst CrypNuevo told his 117,000 X followers that the week ahead should be good for price action. “We’ve seen aggressive moves in both directions, and they are being retraced,” he...Read More
This week, bitcoin (BTC) touched a price height of $64,000 before retracing its steps to a current price mark below $62,000. This price downtrend begs the question – will the leading crypto asset unlock new heights in the near term? A CryptoQuant analyst has shared research showing what could enable the leading crypto asset to...Read More
Russia has sentenced Marat Tambiyev, a former mid-ranking investigator, to 16 years in jail after he was caught accepting a bribe of 1,032 bitcoins, which is currently worth around $65 million, from hackers he was investigating. The bribe originated from members of the Infraud Organization hacking group, which Tambiyev was tasked with probing while working...Read More
Despite Bitcoin’s (BTC) impressive price recovery, asset management giant BlackRock made a significant move that caught the attention of crypto enthusiasts. Recently, the blockchain-based transaction tracker Lookonchain made a post on X (previously Twitter) that BlackRock sold 182 BTC worth $11.34 million. BlackRock Increase ETH Holding Following this massive sell-off, the asset manager purchased a...Read More
Veteran commodity trader Peter Brandt has suggested that the price of Bitcoin (BTC) could drop by as much as 75%. The 77-year-old based his warning on the observation that in the past, Bitcoin experienced major corrections whenever it failed to reach a new all-time high (ATH) within 30 weeks of its previous peak. Could Historical...Read More
Bitcoin is again in a tough zone and the whole crypto market is feeling the heat. BTC price has dropped below a key support level and the fear is spreading in the market. Whales are making waves and diamond hands are staying strong, still the market fails to climb. Let’s dive into what’s happening and...Read More
The market intelligence platform Santiment has outlined a few crypto assets currently trending due to multiple mentions on social media. According to analysts at the firm, these include bitcoin (BTC), Chiliz (CHZ), and Nubcat (NUB). Topics causing BTC, CHZ, and NUB to trend across social media revolve around trading activities, price fluctuations, upcoming airdrops, and...Read More
Renowned economist and outspoken Bitcoin skeptic Peter Schiff took to X on October 9 to weigh in on the U.S. government’s impending sale of 69,370 Bitcoin, worth roughly $4.3 billion. His post sparked lively responses from Bitcoin supporters and critics alike, reigniting debates over the virtual asset’s value. Silk Road Bitcoin Up For Grabs Schiff’s...Read More
Coinbase has announced a significant update for its users, enabling them to send Bitcoin to Taproot addresses on October 8th. This integration expands Taproot’s accessibility, enhancing privacy, scalability, and security. With the latest support, Coinbase has joined prominent crypto exchanges such as Binance, OKX, and Kraken. In its tweet, the crypto exchange stated, “We’re pleased...Read More
A new HBO documentary, “Electric Money: The Bitcoin Mystery,” by Cullen Hoback, aired on Oct. 8. It suggests that Peter Todd, a 39-year-old software developer, might be Satoshi Nakamoto, the mysterious creator of Bitcoin. However, the documentary’s evidence is largely circumstantial, focusing on Todd’s early involvement with Bitcoin and his connections to other key figures, such...Read More
The National Bank of Bahrain (NBB) has launched the GCC region’s first Bitcoin-linked structured investment fund for institutional and accredited investors. This product was developed in partnership with ARP Digital and is designed to provide a secure avenue for investors to capitalize on Bitcoin’s gains. The Bitcoin Investment Fund According to local media reports, the...Read More
The Bitcoin (BTC) rewards app Fold has submitted its S-4 filing to the U.S. Securities and Exchange Commission (SEC), initiating the process for an initial public offering (IPO). The filing follows an announcement in July that it plans to go public through a merger with FTAC Emerald Acquisition Corp. Details of the Merger The filing...Read More
Digital asset investment products recorded minor outflows of $147 million over the past week, likely driven by stronger-than-anticipated economic data that reduced expectations for substantial rate cuts. ETP investment product trading volumes rose slightly by 15% to $10 billion, while overall crypto market volumes remained lower. Bitcoin saw significant investor focus, according to the latest...Read More
