Kadan Stadelmann: “Bitcoin is becoming more and more centralized”
Kadan Stadelmann, the technical director of the Komodo crypto wallet, is concerned about the increasing centralization of the Bitcoin network and its implications for the decentralized nature of BTC. Stadelmann highlighted the concentration of hashrate in certain mining pools, w ...
Indian police accused the husband of a Bollywood star of defrauding crypto investors
Authorities have confiscated a staggering $12 million from Raj Kundra, the spouse of renowned local actress Shilpa Shetty, suspecting his involvement in the Gain Bitcoin cryptocurrency scam that duped investors out of a whopping $800 million.During the investigation of ...
Bitwise CEO Hunter Horsley: “Almost all investment companies are secretly interested in Bitcoin”
The CEO of Bitwise, in a surprising revelation, has revealed that officially registered investment advisers (RIAs) and companies engaged in fiduciary capital management are showing an increasing interest in Bitcoin. In a recent interview, Hunter Horsley stated that many ...
Jamie Dimon: "Bitcoin is a financial pyramid"
The CEO of the multinational banking institution JPMorgan Chase, Jamie Dimon, has expressed his strong belief that the future use of Bitcoin is bleak, referring to it as a financial pyramid scheme. During an interview with Bloomberg journalist Emily Chang, Jamie Dimon r ...
Bitwise: The market is underestimating the long-term effect of Bitcoin halving
Senior executives at Bitwise strongly believe that traders tend to fixate too much on the immediate impact of Bitcoin halving, instead of considering the long-term implications.Bitwise Investment Director Matt Hougan and Senior Cryptocurrency Analyst Juan Leon meticulou ...
Nayib Bukele: “El Salvador’s profit from investing in Bitcoin exceeded 40%”
Against the backdrop of the global growth of the digital asset market and the first cryptocurrency reaching new historical highs, the President of El Salvador announced that the investments of the country’s authorities in bitcoins had fully justified themselves. Nayib ...
The Coinbase exchange experienced a technical glitch due to excessive demand for bitcoins
As a result of a technical glitch in the mobile application of the largest American crypto exchange Coinbase, users saw zero balances in their accounts. The failure occurred on Wednesday, February 28, amid rush demand for the purchase of bitcoins. Rising prices have le ...
Net daily liquidity inflow into Bitcoin ETFs reached $673 million
Bitcoin spot exchange-traded funds (ETFs) raised $673 million on Wednesday, February 28, according to Bloomberg and BitMEX Research. The drivers of liquidity growth in the Bitcoin ETF market were Fidelity (FBTC) and Ark 21Shares (ARKB), which raised $245.2 million and ...
Arkham Intelligence: Bitcoins confiscated from Bitfinex hackers are in motion
Arkham Intelligence analysts discovered that $922 million worth of transactions were made from two addresses containing bitcoins confiscated from Bitfinex cryptocurrency exchange hackers. According to the service, on Wednesday, February 28, 1 BTC was transferred from o ...
ETF boom and short liquidation: when to expect Bitcoin at $70,000
On Wednesday, February 28, 2024, Bitcoin surpassed $60,000 for the first time in more than three years.. The last time BTC climbed this high was November 2021. From February 26 to 28, the first cryptocurrency grew by 20%, reaching the threshold of $64,000. What will happen afte ...