El Salvador’s Vice President, Felix Ulloa, affirmed on Wednesday that Bitcoin would continue to be legal tender in the country during President Nayib Bukele’s second term. The announcement follows the IMF’s request to reevaluate the cryptocurrency as legal tender during ongoing negotiations for a substantial billion-dollar loan. El Salvador’s Bitcoin Commitment Unwavering As El Salvador...Read More
The Biden Administration is imposing new reporting requirements on all U.S. cryptocurrency miners to disclose data related to how much electricity they consume. The so-called “Emergency Survey” marks another attempt by the U.S. government to curb the negative excesses of Bitcoin mining, which Democrats have widely criticized for polluting the environment. The Emergency Bitcoin Mining...Read More
The Europen Union is developing rules and regulations that could be equivalent to a defacto ban on Bitcoin by 2025. Moreover, the European Central Bank (ECB) is spearheading the effort with support from two other major banks. On Jan. 31, Bitcoin environmentalist and venture capitalist Daniel Batten reported that the Bank of International Settlements (BIS)...Read More
A Chinese-British woman, Jian Wen, is facing charges in London for allegedly helping a fugitive, Yadi Zhang, launder Bitcoin (BTC) obtained from proceeds of a previous investment fraud that affected nearly 130,000 investors. Authorities seized devices holding over 61,000 Bitcoin that came from $6.34 billion previously stolen by Zhang from investors in China. A Fake...Read More
As stated in an SEC filing on Tuesday, the ETF provider Global X has withdrawn its application for a spot in Bitcoin ETF. The CBOE BZX Exchange submitted a notice of withdrawal for the Global X Bitcoin Trust on January 26, roughly two weeks after the SEC approved 11 other spot Bitcoin ETFs. Global X...Read More
Robert Kiyosaki, renowned for his book “Rich Dad Poor Dad,” is gaining attention for his strong endorsement of Bitcoin (BTC). The author positions Bitcoin as a key defense against what he perceives as systematic wealth erosion orchestrated by institutions such as the Federal Reserve, Treasury, and Wall Street bankers. Why Kiyosaki Owns Bitcoin In his...Read More
Mark Cuban recently took to X on Monday afternoon for a spontaneous Ask Me Anything (AMA) session with his 8.8 million followers, where he touched on various topics, including crypto-related ones. When asked about his preferred cryptocurrency ventures beyond Bitcoin and Ethereum, Mark Cuban highlighted Polygon and Injective, declaring, “I’ve invested in both (DYOR).” Dallas...Read More
German police officers executed a historic crypto seizure earlier this month, claiming over 50,000 Bitcoin (BTC) from two aged men for copyright law violations over a decade ago. Worth $2.1 billion at today’s price, the action represents the largest ever Bitcoin seizure for German authorities, and one of the largest ever executed by law enforcement...Read More
The Bitcoin network is rapidly evolving, and its on-chain fundamentals have changed completely compared to the last bull run in 2021. The two most important upgrades on the network – Taproot and SegWit – are seeing increased user adoption despite challenges in the market. According to an update by CryptoQuant CEO Ki Young Ju, Taproot...Read More
Anthony Scaramucci – founder of SkyBridge Capital – predicts that the next Bitcoin (BTC) halving will catapult the asset’s price to $170,000 per coin. His latest estimate is based on Bitcoin’s consistent track record of tapping new all-time highs following the “halving” – a roughly one-in-four-year event that cuts the rate at which new BTC...Read More
Analysts at market intelligence platform CryptoQuant have revealed that BTC’s price bottoming signal can not be triggered until unrealized profit margins for short-term holders reach -10%. According to the CryptoQuant Institutional Insights weekly crypto report, short-term holders’ profit margins have approached zero, and this has caused ease in selling pressure. However, the leading digital asset...Read More
The crypto markets have evolved in the past few years as the latest tokens are gaining more attention and adoption than the other traditional altcoins. The top 10 cryptos have been growing marginally ever since the markets flipped during the last quarter of 2023. Although market trends rebounded in the first few days of 2023,...Read More
Apple users have been urged to be vigilant as cybersecurity firm Kaspersky reports a verified macOS exploit targeting the latest operating system version. The exploit is designed to deceive Bitcoin and Exodus wallet users into unwittingly downloading a fraudulent version of the software. Crypto-Stealing Malware Targets macOS Users Kaspersky mentioned that the malware, distributed through...Read More
The year 2024 has spooked traders to a large extent, as the star crypto displayed both the possibility of a bullish continuation and a bearish reversal within a month. The BTC price is again on an attempt to print a massive bullish candle that was recorded during the first week of the year, suggesting a...Read More
The U.K. Supreme Court has rejected Craig Wright’s request to appeal a decision in his legal dispute with popular Bitcoin podcaster Peter McCormack, as reported by a lawyer on Thursday. The recent development seems to be another setback for the Australian computer scientist. Despite his persistent claims of being Satoshi Nakamoto, he has been unable...Read More
Bitcoin is anticipated to undergo a prolonged period of challenges as it seeks to recover lost value and reach previous peak levels, according to investor Chris Burniske. In a recent post on X (formerly Twitter) on January 25, Burniske, currently a partner at the crypto venture capital firm Placeholder, suggested that the price of Bitcoin...Read More
The Grayscale Bitcoin Trust (GBTC) has recorded massive outflows since the United States Securities and Exchange Commission (SEC) approved its conversion and listing as a spot Bitcoin exchange-traded fund (ETF). This has led to a significant plunge in its Bitcoin (BTC) stash, and from the look of things, the withdrawals are not slowing down. According...Read More
In a recent interview, Jack Dorsey and Luke Dashjr shared their insights on the current state and future trajectory of Bitcoin. The interview also shed light on Ocean Mining’s innovative efforts to combat the centralization of mining pools. Bitcoin’s Journey and Future When asked about their general impression of Bitcoin’s journey so far, Dashjr remarked...Read More
Tesla has disclosed that it refrained from buying or selling any of its Bitcoin (BTC) holdings during the fourth quarter of 2023. This marks the sixth consecutive quarter without Bitcoin transactions for the electric vehicle (EV) manufacturer. Tesla’s Q4 Report The latest Q4 report did not mention Bitcoin, implying that the company did not sell...Read More
ARK Invest CEO Cathie Wood recently expressed her views on Bitcoin, saying that it is one of the most important investments of our lifetimes. It is worth noting that, under Wood’s leadership, Ark Invest actively manages a spot Bitcoin ETF in collaboration with 21Shares. Cathie Wood Discusses Bitcoin’s Security In a recent CNBC interview, Wood...Read More
Bitwise’s Chief Investment Officer, Matt Hougan, has pointed to excessive expectations surrounding the approval of Exchange-Traded Funds (ETFs) as the primary cause of the recent price falls in cryptocurrencies. Contrary to popular belief, Hougan argued that the sell-off was not directly tied to ETFs but rather to the market’s anticipation of their approval and subsequent...Read More
The emergence of Bitcoin-based stablecoins could make 2024 a pivotal year for the leading digital network, according to analysts at European alternative asset management firm CoinShares. In its Outlook 2024 report, the firm explained that the effects of a stablecoin settlement on Bitcoin would be numerous, including the enhancement of BTC’s monetary properties and the...Read More
According to the Financial Times, European brokers are slashing spot Bitcoin ETF fees after Invesco and WisdomTree reduced theirs by over 60% on European BTC products. The decision comes as the U.S. Securities and Exchange Commission (SEC) recently approved spot Bitcoin ETFs from major players like BlackRock, Fidelity, and Invesco, resulting in an influx of...Read More
Bitcoin ETF issuers, except for Grayscale, have collectively acquired more than 86,000 BTC at an average price of $42,000, an investment of $3.63 billion, according to on-chain analyst Ali on X. The sustained high trading activity shows investors’ ongoing interest and engagement in recently launched Bitcoin ETFs. Bitcoin ETFs Show Resilience Among Bitcoin ETF issuers,...Read More
Chris J Terry, a crypto market analyst, has recently predicted that Bitcoin’s (BTC) price could either remain stagnant or decline until the $25 billion liquidation of GBTC is finalized. Mike Novogratz, the founder of Galaxy Digital, holds a different view. He argues that despite the anticipated GBTC sell-offs, most investors will shift their focus to...Read More
Defunct crypto exchange FTX may be behind a tsunami of outflows from the Grayscale Bitcoin Trust (GBTC) this month – and by extension, may have caused a significant downturn in Bitcoin (BTC)’s price. A recent report from CoinDesk suggested that the FTX bankruptcy has sold off close to $1 billion worth of GBTC since the...Read More
Alameda Research, an affiliate of the now-bankrupt cryptocurrency exchange FTX, has withdrawn its lawsuit against Grayscale Investments. The legal action, initially filed in a Delaware court in March last year, accused Grayscale of engaging in practices that enriched the company at the expense of shareholders. Alameda’s Withdraw Strengthens Grayscale’s Legal Position Alameda Research, an affiliate...Read More
Arthur Hayes, the co-founder of the BitMEX cryptocurrency exchange, has adopted a pessimistic view of Bitcoin, predicting a decline in its value below the $40,000 threshold. ` In response to this outlook, Hayes has acquired put options set with a strike price of $35,000, set to mature on March 29. BitMEX Co-Founder Invests Put Options...Read More
Ethereum continues to be the number one blockchain among crypto developers, with more than 70% of new contract codes first deployed on the network, according to the latest report by Electric Capital. Also, there has been a spread in the distribution of developers globally, with more crypto devs living outside North America, as opposed to...Read More
Roughly a week after the United States Securities and Exchange Commission (SEC) approved the first wave of spot Bitcoin exchange-traded funds (ETFs), BTC investor demand in the country has slumped. According to a weekly report from market intelligence platform CryptoQuant, the weak BTC demand from U.S. investors is evident in crypto exchange Coinbase’s premium turning...Read More
