On-chain data examined by blockchain analytics firm IntoTheBlock has revealed that roughly 29% of all bitcoins (BTC) in circulation have remained unmoved for more than five years. In a Monday tweet, analysts at the firm said a large part of the unmoved assets might be lost coins. Ever wondered how many Bitcoins are lost forever?...Read More
Bitcoin jumped by a few hundred dollars minutes after the US announced the CPI numbers for June. It’s worth noting that both the core and the overall Consumer Price Index were lower than estimated. According to an analysis made ahead of the CPI announcement for June, the general estimations suggested a decline in the inflation...Read More
MicroStrategy is the world’s largest corporate holder of Bitcoin. The company is currently holding a whopping 152,333 BTC, worth over $4.6 billion at current prices. One of the most commonly discussed points by crypto traders and investors alike is whether the company has a liquidation threshold and if it will ever have to sell BTC....Read More
Robert F. Kennedy – a US presidential candidate from the Democratic party and an outspoken advocate of the cryptocurrency industry – revealed owning between $100,001 and $250,000 worth of bitcoin. The disclosure comes approximately two months after the Miami BTC conference, where he said he is not a crypto investor. Kennedy Owns Over 3 BTC...Read More
One of the leading cryptocurrency mining companies – Marathon Digital – produced 979 BTC in June, 21% less than the 1,245 BTC mined in May. As of the end of last month, the company owned 12,538 BTC, making it one of the biggest corporate holders of the primary digital asset. The June Figures The US-based...Read More
Bitcoin (BTC) has treated its faithful well in 2023, having appreciated over 80% year to date. However, there may be better ways for investors to capitalize on the asset’s success besides stacking actual sats. Here’s a look at how some Bitcoin-related assets and companies are performing next to BTC, from financial companies to mining stocks....Read More
Arthur Hayes, the co-founder and former CEO of cryptocurrency exchange BitMEX, believes bitcoin (BTC) will be chosen by artificial intelligence (AI) as the currency for their economic activities in the future. In a lengthy Substack essay posted on July 7, the American entrepreneur laid out reasons for his belief, presenting arguments and conclusions to prove...Read More
Professional traders are flocking back to Bitcoin funds in the wake of multiple applications for exchange-traded funds by leading asset managers. As a result, open interest (OI) for options contracts has soared to $13.8 billion, according to blockchain analytics firm Glassnode. Furthermore, the increase in demand for Bitcoin options has pushed OI close to its...Read More
A new report by the cryptocurrency exchange Bitfinex revealed that the latest on-chain metrics and investor behavior suggest the crypto market may be ready for the next bull run. In the weekly edition of the Bitfinex Alpha report, the crypto exchange noted that Bitcoin’s Spent Output Profit Ratio (SOPR) and Net Unrealized Profit and Loss...Read More
Bitcoin (BTC) has seen positive returns for two consecutive quarters, ending the first half of 2023 in green, according to data compiled by the cryptocurrency information platform CoinGlass. For the first quarter, the leading crypto asset posted a return of 71.77% and 7.19% at the end of the second one. The last time bitcoin recorded...Read More
Bitcoin Depot – a US-based Bitcoin ATM provider – announced it will start trading on Nasdaq on July 3 after partnering with the fintech company GSR II Meteora Acquisition Corp. Previous reports revealed that the agreement between the two entities is worth $885 million. ‘BTM’ Pops up on Nasdaq The partners announced the finalization of...Read More
John Michael Musbach – a 34-year-old resident of Haddonfield, New Jersey – was reportedly sentenced to six and a half years in jail for hiring a hitman to commit a murder. He transferred $20,000 worth of BTC to the “executor” to kill a kid that was about to testify against him in a child-pornography case....Read More
The US Securities and Exchange Commission has reportedly issued a warning that the recent Bitcoin Spot ETF filings by financial giants, such as Fidelity and BlackRock, could lack comprehensive details. The agency has a long history of rejecting such products in the States, and its current war on crypto is likely not helping. BlackRock made...Read More
The North Carolina House of Representatives has passed a bill that includes provisions to investigate the acquisition and potential benefits of Bitcoin and other cryptocurrencies. House Bill 721, titled “State Precious Metals Depository Study,” aims to examine the potential impact of a state securely holding, insuring, and liquidating virtual currency, with special emphasis on Bitcoin....Read More
Bitcoin surging past the $31,000 psychological level was crucial in many ways. For one, the world’s premier cryptocurrency hit a one-year high amidst the incessant bear market. But the gains may not stop here. Historically, July has been a month for strong rallies, according to the digital asset platform Matrixport. In its latest analysis, Bitcoin...Read More
MicroStrategy – the company spearheaded by one of Bitcoin’s most vocal and influential proponents Michael Saylor – has bought some $350 million worth of BTC. Michael Saylor broke the news on Twitter. MicroStrategy has acquired an additional 12,333 BTC for $347 million at an average price of $28,136 per Bitcoin. As of 06/27/2023, MicroStrategy hodls...Read More
Bitcoin started off the week on a solid note, above $30,000 after rapid gains. The market participants catalyzing this trend are taking their BTCs off centralized exchanges as investor confidence in this platform continued to diminish. Bitcoin held on exchange addresses has been in a perpetual decline following the COVID-19 crisis. as per Glassnode’s latest...Read More
Hong Kong and Shanghai Banking Corporation (HSBC) – the largest bank in the region – has reportedly allowed customers to buy and sell Bitcoin and Ethereum ETFs, becoming the first local financial institution to do so. It also launched an educational program that investors need to read before hopping on the cryptocurrency bandwagon. As revealed...Read More
Robert F. Kennedy Jr, who recently announced he will run for President of the US as part of the Democratic Party, vowed to implement Bitcoin-friendly policies if elected. The Republicans also have a crypto-loving candidate and his name is Francis Suarez. The 45-year-old, who currently serves as mayor of Miami, involved the city in numerous...Read More
Bitcoin’s price has recently taken for the skies lately with an increase of upward of 20% in the past seven days alone. The cryptocurrency is already trading at around $30K, returning the bullish sentiment in the industry following days of a painful chop and downward movements. And while analysts are presenting their technical thesis for...Read More
Recent survey conducted by TResearch estimated that nearly 93% of Salvadorans approve of the leadership of President Nayib Bukele. This has been the highest level of support for the political leader who stepped into his role in 2019. Bukele is a well-known figure across the cryptocurrency community, mainly due to his pro-Bitcoin stance. Under his...Read More
Invesco – an American investment company with over $1.4 trillion of assets under management – reactivated its attempts to launch a Bitcoin Spot exchange-traded fund (ETF) in the United States. WisdomTree – another US finance giant – submitted a similar application to the SEC. The latest efforts come a few days after the world’s largest...Read More
Francis Suarez – the mayor of Miami – filed documents to run for President of the United States. He will be a candidate of the Republican party, attempting to prevail over well-known names, such as Donald Trump and Ron DeSantis. Suarez is an outspoken advocate of bitcoin, and his administration has introduced numerous initiatives focused...Read More
The blockchain analytics provider – Santiment – revealed that bitcoin’s supply on cryptocurrency exchanges currently stands at 6.4%, which is the lowest level since February 2018. The rapid shift toward self-custody methods could be a result of the SEC’s legal actions against two of the leading crypto platforms – Binance and Coinbase. The Commission recently...Read More
A newly-surfaced video that dates back to 2018 showed that the current Chairman of the US Securities and Exchange Commission (SEC) – Gary Gensler – classified several cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), as “not securities.” His stance from nearly five years ago contrasts with his nowadays vision. Gensler has argued several times that...Read More
The U.S. Securities and Exchange Commission went ham on crypto exchanges last week by filing toothy lawsuits against Binance and Coinbase. While crypto exchanges and altcoins are in the hot seat, the regulator is leaving BTC and ETH alone, at least for now. When news of the SEC’s lawsuit against Binance and Coinbase hit markets,...Read More
Periods similar to the ongoing SEC-induced FUD test the resilience of short-term holders – a cohort that is typically the first to flee as the price of crypto-asset tanks. However, the latest data suggest that the movement of short-term Bitcoin holders depicted strong interest in staying in the market and gaining profitability. A CryptoQuant analyst...Read More
Due to unclear regulations in the United States, more than half of the bitcoin (BTC) that crypto firms hold for their customers has moved to offshore and international exchanges. According to a CryptoQuant research report shared with CryptoPotato, BTC reserves on U.S.-based crypto exchanges are down to 2017 levels, as they are being lost to...Read More
Dan Sunghan – Director of the Financial Crime Investigation Bureau at the Seoul Southern District Prosecution Service – claimed that the former crypto mogul Do Kwon had moved nearly $30 million in digital currencies to an unknown wallet shortly after his arrest in Montenegro. The 31-year-old South Korean has faced huge criticism and was blamed...Read More
The overall market cap fell to $1.07 trillion – a level last seen three months ago – before a modest recovery to the press time figure of $1.1 trillion. Bitcoin, for one, dumped close to a two-month-low after weeks of trading largely rangebound in recent months. Several top altcoins posted higher losses prompting concerns about...Read More
