After the recent v0.15.3. update to the Lightning Network, a critical security vulnerability was discovered by independent cybersecurity researchers that would potentially allow bad actors to stop lnd nodes from parsing transactions. A Lightning Network Daemon (lnd) is a full implementation of a Lightning Network Node, along with the services and plug-ins that allow it...Read More
Crypto markets have gained more than 9% over the past week, sending total capitalization back over the $1 trillion level again. Some crypto assets have performed better than others, and Ethereum has been making more gains than its big brother over the past seven days. During the rally, which began on Oct. 25, Ethereum gained...Read More
Today marks the 14th anniversary of the publication of the Bitcoin whitepaper. On this day in 2008, Satoshi Nakamoto released a nine-page document that began a financial revolution and birthed a trillion-dollar industry. On October 31, 2008, the pseudonymous Satoshi released the Bitcoin whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” to a cryptography mailing...Read More
Bitcoin tapped a weekend peak of $21,000 on Saturday, its highest price since September 13. Prices began moving mid-week, culminating in a 5% gain since the same time last week. However, that move appears to be breaking down as a clear double-top formation has been printed on the charts. The pattern has been identified by...Read More
Australia’s inflation hit 7.3%, which is the highest rate in 32 years. Considering the soaring prices of real estate and gas, analysts expect this figure to surge even more before the year’s end. To preserve their wealth during these turbulent times, locals have displayed increased interest in alternative financial assets, including cryptocurrencies. The Aussie government...Read More
Jim Messina – a key adviser to former US President Barack Obama – thinks blockchain technology and cryptocurrencies are among “the most exciting developments of our lifetime.” The American is highly bullish on bitcoin, saying he is ready to bet his Porsche that it will once again reach $60,000. Messina is Sure BTC’s Price Will...Read More
One of the largest bitcoin miners – Core Scientific – could run out of cash by the end of 2022, which could prompt it to file for bankruptcy. The firm’s shares took a major punch following the news. Current market data shows they trade at around $0.28, an approximately 72% decline compared to yesterday’s figures....Read More
Bitcoin reached past $21,000 on Wednesday for the first time since mid-September, following a lower-than-expected rate hike at the Bank of Canada. Economists say the move may signal a reversal from the central bank’s tight monetary policy stance. The Effect of Rate Hikes Canada’s central bank, which announced a 50 basis point increase to its...Read More
As per the data compiled from Morningstar Direct for FT, the Bitcoin Strategy fund (BITO) launched in October 2021 by ProShares lost money on an “unprecedented scale.” The ETF has attracted consistent inflows throughout the past year, with only two withdrawals. However, data suggested net inflows of $1.8 billion in its debut year, while its...Read More
The power tussle between the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over regulatory oversight of the crypto market continues to confuse investors about which rules to follow. In line with the turf war conflict between the two market watchdogs, CFTC chairman Rostin Behnam has reiterated that Bitcoin...Read More
While BTC has come down from a massive bear market dump to $19,000, its network hash rate has exploded to an all-time high. Bitcoin miners are currently earning the smallest reward relative to hash power applied in history, which has put the industry under extreme income stress. As revealed by the blockchain intelligence platform, Glassnode,...Read More
The crypto industry showed a mild recovery in Q3 after taking a significant plunge amid volatile conditions over the first half of 2022. According to the latest quarterly report published by cryptocurrency aggregator CoinGecko, the overall crypto market cap increased by 6.5%, about $100 billion, in Q3 compared to Q2. Bitcoin Outperformed Other Assets Despite having...Read More
A recent survey conducted by the University of Central America (UCA) estimated that 77% of the polled Salvadorans think adopting bitcoin as a legal tender 13 months ago was a mistake. However, nearly 76% of the locals remain supportive of their BTC-loving President Nayib Bukele, who has initiated numerous reforms and waged war on domestic...Read More
The Australian financial services company – Finder – conducted two surveys among its high-profile specialists to determine their expectations of bitcoin’s future price. The experts predicted that the leading digital asset will trade at approximately $21,300 by the end of the year. They are quite bullish on the long-term valuation, expecting it to surge to...Read More
Elon Musk’s electric car company Tesla has not sold its remaining Bitcoin stash despite bearish conditions in the crypto market. According to the firm’s Q3 report released Wednesday, Tesla held $218 million worth of bitcoin as of September 30. Tesla Holds 9,720 BTC Recall that Tesla was one of the largest corporate holders of Bitcoin,...Read More
Crypto markets may be in the depths of a lengthening bear market, but that provides the perfect environment to accumulate Bitcoin for those with conviction that there will be a recovery. This is exactly what has been happening, according to CryptoQuant’s CEO, Ki Young Ju, who posted his findings on Oct. 20. The metrics reveal...Read More
The inflation rate in the United Kingdom surpassed 10% for the first time in the past 40 years. Local economists warn that the figures could rise to 11% in the following months, driven by soaring food and fuel prices. What does it mean for Bitcoin, though? Unseen Inflation in the Last 40 Years The past...Read More
On-chain data revealed that the bitcoin holdings of larger investors – typically referred to as whales – have been on the decline for the past several months. At the same time, smaller investors’ BTC bags are on the rise, tapping a fresh all-time high. Whales Vs. Retail Santiment classifies BTC investors holding between 100 to...Read More
Curtis Warren – a British drug lord who was found guilty of smuggling cannabis – is due to be released from prison next month. The authorities, though, will supposedly put him back behind bars for five years if he uses WhatsApp, Facebook Messenger, or interacts with cryptocurrencies, including bitcoin. Strict Measures to Stay on the...Read More
Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, believes Bitcoin is at its most discounted price on a 100-week and 200-week moving average. He also predicted that the crypto asset would trade 5x its current price in five to ten years. During a recent interview with Stansberry Research, McGlone opined that Bitcoin is getting...Read More
The correlation between Bitcoin and stocks may be decoupling. And the original cryptocurrency might be working as advertised as an inflation hedge. With inflation soaring, BTC is tracking more like spot gold than US stocks. At the 30-day view Sunday, the bitcoin price was down 3.11% for the period at UTC 17:30. Stocks, on the...Read More
The Canadian rapper, singer, and actor Aubrey Drake Graham (better known as Drake) bet a little over $600,000 worth of bitcoin on the English soccer team Arsenal to beat Leeds United and on FC Barcelona to win “El Clasico” against Real Madrid. Unfortunately for him, the club from the Spanish capital defeated its biggest rival...Read More
Yassine Elmandjra – analyst at ARK Invest – believes bitcoin’s valuation could skyrocket beyond $1 million per coin in the following years. Earlier in 2022, a research team of the company estimated that the market capitalization of the primary cryptocurrency could reach $28.5 trillion by 2030. Bullish Prediction Despite the Bear Market Bitcoin and the...Read More
The Switzerland-based fintech company – 21Shares AG – unveiled a Bitcoin exchange-traded product on Nasdaq Dubai, making it the first physically-backed BTC ETP in the Middle East. The firm has recently been on a listing spree, introducing Bitcoin and Ethereum ETNs on Nasdaq Stockholm, crypto ETPs on Euronext Paris and Amsterdam, and more. The Latest...Read More
The leading crypto asset manager Valkyrie Funds, is all set to liquidate one of the exchange-traded funds (ETFs) it manages. According to the official press release, the company plans to close its Valkyrie Balance Sheet Opportunities FUND (VBB), an investment product offering indirect exposure to BTC. The soon-to-be-delisted fund, under the ticker VBB, was first...Read More
Grayscale stated that the SEC’s application of its “significant market test” is deeply flawed and does not protect investors against potential fraud and manipulation in the underlying BTC markets. The SEC is notorious for turning down dozens of spot Bitcoin ETF applications over the past several years from major players including WisdomTree and Ark21Shares. Grayscale,...Read More
Legendary billionaire hedge fund manager Paul Tudor Jones revealed that he still holds a small portion of bitcoin while stating that the U.S. economy might be going into recession or already is in one. Tudor Jones also said the value of assets such as ETH and BTC could increase amid inflation and excessive fiscal spending....Read More
In its weekly on-chain analysis report on Oct. 10, Glassnode stated that Bitcoin has “remained remarkably stable” in recent weeks when compared to traditional asset markets such as forex, volatile equity, and credit. Against a backdrop of central bank rate hikes, rampaging inflation, and a strong US dollar, Bitcoin has been uncharacteristically low in volatility,...Read More
The US Department of Justice confiscated 719 bitcoins from the 35-year-old Canadian – Sebastien Vachon-Desjardins – for participating in the NetWalker ransomware attacks. At the time of the seizure, the amount of cryptocurrency equaled nearly $22 million. Prison Time for the Criminal According to a recent announcement, Vachon-Desjardins was involved in a sophisticated type of...Read More
Mt. Gox creditors could be one step closer to reclaiming their funds after nearly a decade of waiting. This is as the Rehabilitation Trustee has released a deadline for them to select their preferred repayment method. Nobuaki Kobayashi, the man in charge of the Mt. Gox rehabilitation process, published a new update for creditors on...Read More
