The legendary hedge fund manager – Paul Tudor Jones III – said he will always keep a “small” exposure to bitcoin since it is “the only thing that humans can’t adjust the supply in.” The American billionaire also suggested that the US Federal Reserve will cease its aggressive interest rate hike policy. Many experts previously...Read More
Business intelligence company MicroStrategy is doubling down efforts on bringing Bitcoin layer 2 scaling solution – Lightning Network – capabilities this year. Its executive chairman Michael Saylor shared an update notifying that the company is working on a product aimed at delivering a Bitcoin wallet and Lightning address to every corporate account holder. The main...Read More
Bitcoin has marked another significant milestone as the number of addresses holding at least one BTC hit an all-time high above one million. According to data on Glassnode, the feat was recorded on May 13, indicating an increasing interest in the asset class despite the price volatility and bear market. At the time of writing,...Read More
The latest buzz in the crypto world revolves around the newly introduced Bitcoin token standard (BRC-20), which has garnered considerable attention and favor owing to the recent memecoin craze. Despite the ongoing hype, the token standard is still subject to certain constraints concerning the broader crypto landscape. A recent report by leading crypto exchange Bitfinex...Read More
The People’s Court of Ho Chi Minh City reportedly brought to court 16 Vietnamese who might stand behind a $1.5 million crypto robbery and kidnapping. Interestingly, two of the defendants are former police officers. Vietnam is one of the global leaders in terms of cryptocurrency adoption. Despite its rising popularity, the government has not imposed...Read More
While Bitcoin had whittled down waitlisted transaction orders by Wednesday, network congestion remains high. Median confirmation time hovered markedly above ten minutes. The on-chain metric for Bitcoin network fulfillment sits at a high unseen since Feb 2023 and Dec 2022. Meanwhile, hundreds of thousands of transactions at a time sit waiting to be confirmed. That’s...Read More
The Prime Minister of Liechtenstein – Daniel Risch – said the local lawmakers plan to enable bitcoin payments for various government services. However, he did not disclose whether the country will adopt the primary cryptocurrency as a legal tender. Another country that has turned its focus toward BTC is Liechtenstein’s western neighbor – Switzerland –...Read More
Quarterly earnings reports are starting to pour in across the financial sector, and with them, updates on the state of crypto adoption across the industry. Although some companies are, understandably, still feeling the chill of crypto winter, even those are doing better than expected by analysts. In the case of firms with other priorities who...Read More
The Casablanca Court of Appeals ruled that the 21-year-old Frenchman – Thomas Clausi – will serve an 18-month prison sentence for orchestrating a crypto scheme. The defendant must compensate the victims of his scam and pay a fine of 3.4 million euros ($3.7 million) to customs authorities. Crypto fraudsters have been quite inventive recently, draining...Read More
Santiment – a crypto markets intelligence platform – has a bullish outlook on Bitcoin after the Federal Reserve increased its benchmark interest rate by another 25 basis points on Wednesday. In a follow-up blog post, the firm claimed that the top crypto is showing “some promising rise potential” – particularly as its correlation to equities...Read More
According to data from the crypto financial service platform Matrixport, the narrowing wedge that has been in formation for the past three weeks is about to break to the upside. Such a trend could project a move higher by an equal amount to the range at which the triangle started to form. A breakout could...Read More
Druk Holding & Investments – the investment arm of the Royal Government of Bhutan – partnered with the Nasdaq-listed company – Bitdeer Technologies Group – to introduce a $500 million fund that should support bitcoin mining activities in the Himalayan country. Recent sources suggested that the nation might have been secretly producing BTC since 2017,...Read More
The Kingdom of Bhutan – a landlocked country situated in the Eastern Himalayas – has reportedly used its renewable sources of energy to run a bitcoin mining operation for years. A government representative said the process started when BTC was worth around $5,000. It is worth noting that the primary cryptocurrency reached that level for...Read More
The armed wing of the alleged terrorist organization Hamas – Al-Qassam Brigades – will reportedly stop receiving donations in bitcoin out of concern for the safety of the contributors. The Israeli authorities have previously estimated that the entity funded some of its military campaigns through cryptocurrencies. The Defence Ministry seized over 100 digital wallets associated...Read More
Analysts at Bernstein Private Wealth Manager think the shaking banking system in the United States could benefit bitcoin adoption and potentially increase the price of the asset. The experts went further, advising people to invest in BTC, which could soon enter a new bull run due to the shaking condition of traditional finance. Weak Banks...Read More
A bitcoin whale whose wallet remained untouched for 12 years recently moved 400 BTC (equivalent to approximately $11 million) to numerous addresses. This is yet another long-term HODLer who wakes up after nearly a decade of inactivity. A dormant BTC whale transferred over 2,000 BTC last week for the first time in nine years. The...Read More
By quoting Portfolio Shield’s inventor, Steven Van Metre, Robert Kiyosaki warned that gold prices could be heading toward a massive correction that could slash the value in half. At the same time, he reaffirmed his stance that “cash is trash” and his belief in the yellow metal as well as bitcoin. Gold to Drop Hard?...Read More
The authorities of Venezuela have reportedly urged local bitcoin miners to temporarily halt operations while inspecting a major corruption scheme that could have drained up to $20 billion. People who are part of President Maduro’s inner cycle are suspected of orchestrating the crime that involved the national oil and gas company – Petróleos de Venezuela....Read More
Despite its previous success, the stock-to-flow model attracted numerous opponents in the past year, given its failure to predict bitcoin’s price in 2022. Its creator, though, remains a believer and outlined the possible scenarios in play for BTC for the next halving, which is supposed to take place in a year. S2F Places BTC at...Read More
Robert Kiyosaki, an accomplished American investor, businessman, motivational speaker, and author of the bestselling book “Rich Dad, Poor Dad,” recently expressed his admiration for Bitcoin (BTC) and lauded its ability to withstand the test of time. According to Kiyosaki, the success of Bitcoin can be attributed to its decentralized nature, as it is driven by...Read More
Robert F. Kennedy Jr – the nephew of former President John F. Kennedy – officially announced his candidacy for President of the States. He will run for the Democratic nomination, attempting to prevail over the current leader of the USA – Joe Biden. Kennedy has presented himself as a supporter of Bitcoin, claiming it could...Read More
The electric vehicle giant Tesla did not buy or sell any BTC during the first quarter of 2023. The company’s last transaction was in Q2, 2022, when it sold 75% of its BTC holdings to cope with rising production costs. No Changes in Q1 The EV manufacturer, led by Elon Musk, announced it had kept...Read More
A Bitcoin wallet that stayed dormant for more than nine years has recently sent out 2,071.5 BTC (worth over $60 million). The address received a total of 6,071.5 BTC at the end of 2013, when the price of the primary cryptocurrency hovered around $663. Lookonchain revealed that the mysterious whale transferred the assets on April...Read More
Several public Bitcoin miners were on the brink of bankruptcy at the end of last year. But the latest rally in the market infused a sense of careful optimism into the Bitcoin mining sector, resulting in massive gains for most associated stocks. Bitcoin Mining Stocks for the Win As Bitcoin miners slowly escape the incessant...Read More
Prominent derivatives marketplace Chicago Mercantile Exchange (CME) Group has announced adding daily expirations for Bitcoin (BTC) and Ether (ETH) futures options contracts. Pending regulatory review, the two new additions will have expirations Mondays through Fridays. Bitcoin and Ether Daily Expiries According to the official press release, CME Group will offer new expiries for options on...Read More
Robert Kiyosaki – an American businessman, investor, and motivational speaker better known as the author of the bestseller “Rich Dad, Poor Dad” – praised bitcoin’s impressive performance in the past 12 months, predicting its price to keep rallying in the future. He said he will buy more BTC as he doesn’t trust the Federal Reserve...Read More
Bitcoin has posted the strongest quarterly returns since its November 2021 all-time high. Furthermore, BTC has gained more than 80% since the beginning of the year, making it the best-performing asset of 2023 so far. Comparatively, gold has gained just 9% in the same period, and the tech-heavy NASDAQ 100 has managed around 20% since...Read More
Bitcoin has continued its bullish streak as digital asset management product inflows hit $114 million last week. The broader asset class has recorded a 4-week run of inflows now amounting to $345 million, according to the latest data shared by CoinShares report. In the process, the market has fully corrected the previous 6-week run of...Read More
El Salvador’s Central Bank (BCR) informed today that it has registered 80 Bitcoin service providers to operate legally in the country. Among the service providers registered with the BCR are: CHIVO, S.A. DE C.V., the company responsible for the government’s official wallet, Chivo; the Bitcoin custodians Paxos, 503 Escrow, Bitcapital, the startup Niu, and many...Read More
The US government has been very critical of the crypto space, especially over the past few months. Its upcoming actions could trigger potential sell pressure in the near future, even as investors currently do not exhibit any bearish behavior. Prominent analytic firm, CryptoQuant, has identified four important dates – 26 May 2023, 7 August 2023,...Read More
