Crypto ownership in Canada slips in 2023, but average value of holdings rises

The number of crypto hodlers in Canada dropped slightly in 2023, but the average value of their holdings rose significantly. However, 77% of respondents regret investing in crypto assets, according to a survey published by the Ontario Securities Commission (OSC).The OSC published a “C ...

Binance settlement ‘net positive’ for cryptocurrency industry – Mike Novogratz

Binance’s $4.3 billion settlement with the United States justice department is being hailed as a positive move for the company and the wider cryptocurrency industry, according to Galaxy Digital’s Mike Novogratz.In an interview with Bloomberg on Nov. 29, the CEO of the cryptocurrency i ...

Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model

Swiss asset manager Pando Asset has become an unexpected late entrant into the spot Bitcoin (BTC) exchange-traded fund (ETF) race in the United States.On the same day, investment giant BlackRock met with the country’s securities regulator to pitch an updated ETF model based on the ag ...

Research the dynamics of market manipulation before you jump in Bitcoin ETFs

Investors are eagerly anticipating the potential approval of a spot bitcoin exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC). The excitement began in early June when the investment giant BlackRock submitted a filing for the product and gained further moment ...

CME Bitcoin futures show investors betting on $40K BTC price

The demand for institutional investors for Bitcoin (BTC) became evident on Nov. 10 as the Chicago Mercantile Exchange (CME) Bitcoin futures flipped Binance's BTC futures markets in terms of size. According to BTC derivatives metrics, those investors are showing strong confidence in Bitcoin's pote ...

Estonian court nixes extradition of accused crypto scammers to US

Ivan Turogin and Sergei Potapenko, co-founders of Bitcoin cloud miner HashFlare, have successfully appealed their extradition from Estonia to the United States, where the two face 18 counts of fraud and money laundering. The Tallinn Circuit Court overturned a lower court’s order on Nov. 29, ...

Price analysis 11/29: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Bitcoin (BTC) is trying to sustain above the overhead resistance of $38,000 for the second consecutive day and start the next leg of the uptrend. The excitement among market observers may have increased after the United States Securities and Exchange Commission (SEC) delayed its decision on the a ...

Bitcoin price fails $38.5K breakout as US GDP fuels Fed hard landing woes

Bitcoin (BTC) shrank back from resistance after the Nov. 29 Wall Street open as United States GDP figures beat expectations.BTC/USD 1-hour chart. Source: TradingViewGDP sets tone for macro-sensitive cryptoData from Cointelegraph Markets Pro and TradingView followed a familiar BTC pr ...

Crypto Stories: Charlie Shrem tells how he became a Bitcoin millionaire

Charlie Shrem went from running a small online business to becoming a Bitcoin millionaire and making the cover of Forbes magazine. And then, he went to prison.In the latest episode of Cointelegraph’s Crypto Stories, Shrem tells the story of how he founded BitInstant, grew it into a multimi ...

Poloniex prepares to resume withdrawals after $100M hack

Cryptocurrency exchange Poloniex is preparing to resume withdrawals and deposits after suffering a $100 million hack on Nov. 10.Poloniex took to X (formerly Twitter) on Nov. 29 to announce that it will be gradually resuming deposit and withdrawal services on Nov. 30 at 02:00 am UTC. ...

Bitcoin NFT marketplace Bioniq eyes lofty goal of alleviating network congestion

A new Bitcoin nonfungible token (NFT) marketplace aims to reduce network fees associated with the advent of Bitcoin Ordinals inscriptions by tapping into the Internet Computer Protocol (ICP).Developed off the back of the creation of Bitcoin Ordinals in early 2023, Bioniq operates on the IC ...

Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report

Spanish fin-serv giant Banco Santander has reportedly selected digital asset management firm Taurus to safeguard its Swiss clients’ Bitcoin (BTC) and Ether (ETH).On Nov. 20, Santander Private Banking International’s Swiss private banking unit rolled out a new Bitcoin and Ether trading serv ...

Jack Dorsey wants to decentralize Bitcoin mining with new investment

Twitter (now X) co-founder and Bitcoin (BTC) advocate Jack Dorsey is backing a new BTC mining pool to help miners regain control of block rewards and transaction fees.Dorsey has led a $6.2 million seed round for Mummolin, the parent company of the new decentralization Bitcoin mining pool c ...

Ethereum donations top Save the Children HODL Hope Campaign

An ongoing crypto donation campaign dedicated to improving the lives of children worldwide has received over $7.6 million to date, half of which was donated in Ether (ETH). Philanthropic foundation Save the Children’s HODL Hope Campaign remains nearly $2.4 million short of the $10 mil ...

Bitcoin gets ‘whale games’ warning as BTC price eyes $40K into US data

Bitcoin (BTC) held momentum at $38,000 on Nov. 29 as analysis warned over market corrections.BTC/USD 1-hour chart. Source: TradingViewBitcoin meets macro data, Fed's Powell at key price pointData from Cointelegraph Markets Pro and TradingView showed BTC price trajectory continuing t ...

Binance operates without license in Philippines, regulator says

Cryptocurrency exchange Binance has been operating in the Philippines without the necessary approval or license, according to the local securities regulator.The Philippines Securities and Exchange Commission (SEC) issued a warning against Binance on Nov. 28, informing the public that the e ...

What crypto traders can learn from Charlie Munger — even if he hated BTC

Legendary investor and billionaire Charlie Munger, known as the right-hand man of Warren Buffet who helped build investment powerhouse Berkshire Hathaway, has passed away at 99 years of age.Munger’s family informed Berkshire “that he peacefully died this morning at a California hospital,” ...

‘Clear runway’ opens for all Bitcoin ETF approvals in Jan: Analysts

Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States now have a “clear runway” to potential simultaneous approvals after an advanced decision to delay the bids of Franklin Templeton and Hashdex ETFs, according to ETF analysts.In a Nov. 28 X (Twitter) post, Bloom ...

SEC seeks public input on Franklin Templeton, Hashdex Bitcoin ETFs

The United States Securities and Exchange Commission has announced the next steps in its consideration of the proposed Franklin Templeton and Hashdex spot Bitcoin (BTC) exchange-traded fund (ETF) bids. The agency has requested written comments on both proposals to approve or deny the appli ...

Futures will be the best crypto game in town even after a Bitcoin spot ETF

The Chicago Mercantile Exchange (CME) has long been the home of crypto for traditional finance investors, and this is unlikely to change — even with the approval of a Bitcoin spot ETF.Activity on the CME has expanded significantly over the past 12 months. The CME now sees more Bitcoin (BTC ...

Interactive Brokers opens Hong Kong retail crypto trading with OSL

Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong.According to the Nov28 announcement, the service is offered in conjunction with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider ...

‘Buy the rumor, sell the news’ — Bitcoin ETF may spark TradFi sell-off

Bitcoin (BTC) may suffer when the first spot exchange-traded fund (ETF) is approved by the United States, a new warning says.In a thread on X (formerly Twitter) on Nov. 28, Joshua Lim, head of derivatives at capital market firm Genesis Trading, predicted a volatile start to 2024 for BTC pr ...

Bitcoin mining firm Phoenix Group delays share listing

Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21.Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering ...

Why Binance’s US plea deal could be positive for crypto adoption

Many predicted that Binance would never embrace regulation — it would only pretend to comply in jurisdictions like the United States. No more. Binance pleading guilty to money laundering and other federal charges on Nov. 21 means it’s giving up its free-booting ways ...

11th anniversary of Bitcoin’s first halving: from $12 to $37,000

Bitcoin (BTC), the largest cryptocurrency by market value, experienced its first-ever halving 11 years ago today. As the community celebrates the anniversary of the first Bitcoin halving, it’s timely to revisit some of Bitcoin's historical milestones ahead of the next halving expected in April 20 ...

Binance, CZ paid for defying financial, political status quo: Arthur Hayes

The explosive growth and success of Binance outside of the control of traditional financial and political establishments led to heavy-handed enforcement actions against the exchange, according to former BitMEX CEO Arthur Hayes. Hayes delved into the recent $4.3 billion settlement paid ...

Bitcoin metric that ‘looks into future’ eyes $48K BTC price around ETF

Bitcoin (BTC) may cruise to nearly $50,000 as the United States okays the first spot price exchange-traded fund (ETF).As flagged by popular analyst CryptoCon, the Ichimoku Cloud indicator is counting down to upside BTC price continuation.Analysis: $43,000 BTC price is "most conservativ ...

ARK offloads $5.2M in Coinbase stock amid 18-month high

ARK Invest, one of the companies that filed an application for a spot Bitcoin (BTC) exchange-traded fund (ETF), is again taking profits on its Coinbase (COIN) shares as the stock price surges.On Nov. 27, ARK sold 43,956 Coinbase shares from its ARK Fintech Innovation ETF (ARKF), according ...

Nic Carter, other pro-Bitcoiners fight climate impact narrative in new paper

Bitcoin mining is a “critical tool” for clean energy and balancing the grid, according to a new working paper penned by Bitcoin advocates and the former president of ERCOT, the operator of Texas’ electrical grid. The Nov. 22 paper titled “Leveraging Bitcoin Min ...

Bitcoin traders’ bullish bias holds firm even as BTC price dips to $37K

Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago. What is eye catching is the unwavering strength of BTC derivatives, which signals that bulls remain ...

Inflows into Bitcoin investment products reach $1.5B year-to-date

Bitcoin (BTC) exchange-traded products (ETPs) registered $312 million in inflows for the week of Nov. 24, bringing year-to-date inflows to around $1.5 billion, according to CoinShares. The weekly inflows for all cryptocurrencies totalled $346 million, continuing a nine-week trend of positive ...

Price analysis 11/27: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

Bitcoin (BTC) has started the week on a negative note. The failure of the bulls to pierce and sustain above the $38,000 resistance has given a small window of opportunity for the bears to try and make a comeback. Strong selling has pulled the price below $37,000 on Nov. 27.However, lower l ...

Binance-linked HKVAEX still preparing to apply for license in Hong Kong

Hong Kong cryptocurrency exchange HKVAEX has not applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX has said.Amid multiple reports erroneously suggesting that HKVAEX has applied for an SFC license, the HK ...

BTC price eyes $40K amid record hash rate — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week keeping traders guessing near its highest levels in 18 months — what’s next?BTC price action has held higher after spiking above $38,000 last week, but since then, a testing "micro-range" has left bulls and bears locked in battle.Whether a ...

Crypto miner Hive expands data center operations in Sweden

The cryptocurrency mining company Hive Digital Technologies revealed plans to expand its global presence through a new acquisition of property and a data center in Boden, Sweden.On Nov. 27, the company announced that it's entered a property transfer agreement with Turis AB to take over the ...

Robert Kiyosaki recommends Bitcoin, gold, silver investments ‘before it’s too late’

Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, has reiterated his support for assets like Bitcoin (BTC), gold, and silver as inflation threatens to worsen living standards globally.The price of gold recently crossed $2,000 per ounce, marking a steady recovery a ...

Lightning devs must ‘wake up’ and fix security bugs, not please VCs: Bitcoin dev

Developers working on the Bitcoin layer 2 Lightning Network have become less security-oriented and more focused on producing cash flow for their investors, argues a former Lightning Network developer.Bitcoin core developer and security researcher Antoine Riard, made headlines last mon ...

Bitcoin struggles to flip $38K to support, while UNI, IMX, VET and ALGO aim to push higher

Bitcoin (BTC) rose above $38,000 on Nov. 24, but the bulls could not build upon this strength. This suggests hesitation to buy at higher levels. Bitcoin is on track to form a Doji candlestick pattern on the weekly chart for the second consecutive week. This signals indecision among the bulls and ...

How to buy Bitcoin and Ethereum in the UK

To navigate the process of buying Bitcoin effectively, it is essential to explore secure options. In the United Kingdom, acquiring cryptocurrencies is legal, yet it can pose challenges, as the government underscores the need to comprehend the associated risks. For an effective travers ...

Bitcoin bulls hold firm into weekly close: BTC price eyes $39.3K

Bitcoin (BTC) held near $38,000 into the Nov. 26 weekly close as traders boosted their BTC price optimism.BTC/USD 1-hour chart. Source: TradingViewBitcoin buyers give bears no room for maneuverData from Cointelegraph Markets Pro and TradingView showed a typically flat weekend for Bi ...

BitMEX Co-founder predicts Bitcoin surge amid dollar liquidity rise

Arthur Hayes, co-founder of BitMEX, provided perspectives on a potential Bitcoin surge on the X platform. Alongside a chart depicting net Reverse Repurchase Agreement (RRP) and Treasury General Account (TGA) balance changes, the message specifically referred to Treasury Secretary Janet Yellen as ...

Price analysis 11/24: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Bitcoin (BTC) broke above the overhead resistance of $38,000 on Nov. 24, indicating that the sentiment is positive and bulls have kept up the pressure. Independent Reserve CEO Adrian Przelozny told Cointelegraph that the “next two years are going to be good,” and market activity is likely to pick ...

‘Enjoy sub-$40K Bitcoin’ — PlanB stresses $100K average BTC price from 2024

Bitcoin (BTC) buyers should “enjoy” the chance to add to their stack below $40,000, says one of crypto’s household names.In a post on X (formerly Twitter) on Nov. 24, PlanB, creator of the Stock-to-Flow family of BTC price models, hinted that current levels would not be a ...

Tether, Bitfinex agree to drop opposition to FOIL request

Tether and Bitfinex have jointly agreed to drop initial opposition to a freedom of information (FOIL) request lodged in New York by a number of high-profile news publications.A statement from the USDT stablecoin issuer and cryptocurrency exchange shared with Cointelegraph notes that it is ...

Bitcoin critic, ECB chief Lagarde says her son ‘ignored’ her, lost money on crypto: Report

European Central Bank (ECB) president and prominent Bitcoin (BTC) critic Christine Lagarde has shared a family story about unsuccessful cryptocurrency investments, according to a report from Reuters.Lagarde told students at a town hall in Frankfurt on Nov. 24 that her son lost “almost all ...

Bitcoin buyer pushes BTC price past $38K as traders demand key breakout

Bitcoin (BTC) bulls kept the pressure on 18-month highs on Nov. 24 as analysis eyed buyer interest spiking.BTC/USD 1-hour chart. Source: TradingViewBitcoin fights for new 18-month highData from Cointelegraph Markets Pro and TradingView showed the BTC price trajectory heading upward ...

Do Kwon extradition approved by Montenegro court

The saga of Terraform Labs co-founder Do Kwon continues to unfold, with a court in Montenegro approving his extradition to either South Korea or the United States.The High Court of Podgorica has determined the legal requirements for Kwon’s extradition, according to an official statement po ...

Cathie Wood’s ARK dumps 700K GBTC shares in one month

Cathie Wood’s investment firm ARK Invest has sold 700,000 shares of the Grayscale Bitcoin Trust (GBTC) over the past month, even as Bitcoin (BTC) hit 17-month highs over excitement for a possible spot Bitcoin exchange-traded fund (ETF).The ARK Next Generation Internet ETF (ARKW) sold 36,16 ...

Raiffeisenlandesbank to launch Bitcoin trading in early 2024

The Austrian subsidiary of European lender Raiffeisen Bank is preparing to allow its clients to trade cryptocurrencies like Bitcoin (BTC) in the coming months.After initially announcing its crypto plans in April 2023, Raiffeisen Bank’s Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wie ...

Jim Cramer admits he was wrong about Bitcoin — ‘I was premature’

Markets commentator Jim Cramer has tacitly admitted he was wrong about Bitcoin (BTC), saying he was premature in calling for investors to sell the cryptocurrency. In a Nov. 22 segment of his CNBC Mad Money show, Cramer responded to a caller who inquired about buying shares in Bitcoin ...

‘Strap yourselves in’ — Bull market coming early 2024, say crypto exchange heads

The market has already entered the first phase of a major rally, with the number of people buying crypto trickling upward which is expected to accelerate early next year, say the heads of Australia’s largest crypto exchanges.Independent Reserve CEO Adrian Przelozny told Cointelegraph he ex ...

Bitcoin to $1M post-ETF approval? BTC price predictions diverge wildly

Bitcoin (BTC) may not see a $40,000 BTC price reclaim despite increasing excitement over a spot exchange-traded fund (ETF).In recent analysis, crypto market participants have started to reconsider just how bullish the ETF narrative really is for BTC price action.Trader: "Not sure" B ...

Bitcoin supercycle 2024: Is this the cycle to end them all?

The conventional wisdom of the cryptoverse is that there is a boom-and-bust cycle to the blockchain and cryptocurrency industry. This cycle is led by the “King of Cryptos,” Bitcoin. Bitcoin (BTC) is programmatically set to have a halving cycle roughly every four years, which cuts the ...

Bitcoin user pays $3.1M in transition fee for one 139 BTC transfer

A Bitcoin user paid 83.7 Bitcoin (BTC) worth $3.1 million in transaction fees for transferring 139.42 BTC. The transaction fee of $3.1 million is the 8th highest in Bitcoin's 14-year history.The BTC wallet address bc1qn3d…wekrnl tried transferring 139.42 BTC to bc1qyf…km36t4 earlier on Nov ...

Milei presidential victory fuels optimism in Argentina’s Bitcoin community

After a long and dramatic presidential race, libertarian candidate Javier Milei triumphed in Argentina’s presidential election on Nov. 19.Milei promises to abolish the country’s central bank, among a slew of other radical policy changes capturing the attention and imagination o ...

Justin Sun-related crypto platforms hacked 4 times in 2 months

Tron founder Justin Sun's crypto businesses have come under repeated attack from hackers over the past two months, with at least four hacks of the largest exploits targeting platforms related to the crypto entrepreneur.Sun’s HTX crypto exchange has been hacked at least twice since the plat ...

Bitcoin ETF hype returns as ‘aggressive bid’ sends BTC price near $38K

Bitcoin (BTC) took fresh aim at $38,000 into Nov. 23 as an “aggressive bid” dispelled cold feet over Binance’s $4.3 billion fine.BTC/USD 1-hour chart. Source: TradingViewBitcoin analysis: "Something is cooking"Data from Cointelegraph Markets Pro and TradingView sho ...

Is Binance’s $4B settlement the green light for spot Bitcoin ETFs?

Binance’s $4.3 billion settlement with the United States was the final hurdle before the country’s securities regulator approves spot Bitcoin exchange-traded funds (ETFs), many industry watchers claim.The settlement involved Binance agreeing to Justice Department and Treasury c ...

MAYC ripoff creator pleads guilty, G2A opens NFT platform: Nifty Newsletter

In this week’s newsletter, read about the creator of a Mutant Ape Yacht Club (MAYC) knock-off pleading guilty to fraud charges, check out how OpenSea’s non-fungible token (NFT) users received a massive phishing email campaign, and how Bitcoin transaction fees flipped Ethereum network fees as the ...

Bitcoin derivatives traders target $40K BTC price now that Binance is resolved

The cryptocurrency market recently experienced events that were previously expected to present a severe negative price impact, and yet, Bitcoin (BTC) trades near $37,000 on Nov. 22, which is essentially flat from three days prior. Such performance was utterly unexpected given the relevance ...

Price analysis 11/22: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Traders hate uncertainty; hence, the settlement between Binance, Changpeng “CZ” Zhao and the United States Department of Justice is likely to be viewed as a positive for the cryptocurrency space. Analysts largely remained positive on the deal, but a few sounded cautious due to the Securities and ...

BlackRock met with SEC officials to discuss spot Bitcoin ETF

Representatives from BlackRock and the Nasdaq met with the United States Securities and Exchange Commission to discuss the proposed rule allowing the listing of a spot Bitcoin (BTC) exchange-traded fund, or ETF.According to a Nov. 20 SEC memo, BlackRock provided a presentation detailing ho ...

BTC price bounces 3% post Binance amid call for Bitcoin bulls to ‘step in’

Bitcoin (BTC) traded $1,000 off weekly lows after the Nov. 22 Wall Street open as a BTC price relief bounce held firm.BTC/USD 1-hour chart. Source: TradingViewBitcoin respects "very clear" key levelsData from Cointelegraph Markets Pro and TradingView followed crypto markets as they ...

Did Binance’s CZ predict his own downfall?

Fiv years ago, you couldn’t trade with fiat currency on Binance, yet the exchange was already garnering international attention with the highest trading volumes among its peers.That's no mean feat in the cryptocurrency industry, even in 2018, with several well-established exchanges c ...

Binance, CZ settlement with US DOJ ‘bullish for Bitcoin ETF,’ crypto community says

The crypto community on social media has greeted the news of the deal between Binance, CZ and the United States Department of Justice (DOJ) mostly positively, hoping it removes one of the last remaining obstacles before the long-awaited approval of a spot Bitcoin ETF.The $4.3 billion settl ...

Mt. Gox creditors offered fresh hope with new ‘commencement of repayment’ email

Creditors of Mt. Gox, a now-defunct Bitcoin (BTC) exchange that lost 850,000 BTC to a hack in 2014, have reportedly received a new email hinting at soon-to-come repayments.Nobuaki Kobayashi, the trustee overseeing the Mt. Gox Bitcoin exchange’s estate, on Nov. 21 started sending out emails ...

Bankrupt crypto lender Genesis sues Gemini to recover $689M worth of ‘Preferential Transfers’

Bankrupt crypto lending platform Genesis Global Capital has filed a lawsuit against cryptocurrency exchange Gemini Trust to recover $689 million in preferential transfers, a court filing on Nov. 22 shows.The lawsuit alleges that Gemini made preferential transfers of approximately $689,302, ...

Rethinking Bitcoin ‘dominance’ at 51% — A misleading metric?

Bitcoin's (BTC) market dominance has traditionally been viewed as a key indicator of its market strength. Currently, the metric is at a multi-year high above 51%. Bitcoin dominance. Source: Coinmarketcap.comHowever, a closer analysis suggests that the concept of "Bitcoin dominance" mi ...

Grayscale met with SEC to discuss spot Bitcoin ETF details

Executives from crypto asset manager Grayscale have met with the Securities and Exchange Commission to discuss details of its flagship Bitcoin (BTC) trust, which the firm wants to convert to a spot Bitcoin exchange-traded fund (ETF).A Nov. 20 SEC memo disclosed Grayscale CEO Michael Sonnen ...

Are Bitcoin ETFs good for adoption or ‘watered-down crypto’? Debate rages

CoinList founder Andy Bromberg believes that spot Bitcoin (BTC) exchange-traded funds (ETFs) are just “watered down crypto” and a sign the industry is heading in the wrong direction, amid growing hype over potential ETF approvals in the United States.Bromberg — also CEO o ...

Crypto markets mixed as traders digest DOJ action against Binance, CZ

Crypto markets were subjected to a heavy dose of volatility on Nov. 21 as the United States Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC) and U.S. Treasury announced a $4.3-billion settlement with Binance and that former Binance CEO Changpeng Zhao will plead guilty to o ...

Binance names Richard Teng CEO amid Changpeng Zhao’s forced departure

Binance has named its head of regional markets outside of the U.S., Richard Teng, as its new CEO. The change comes as founder and former CEO Changpeng “CZ” Zhao has resigned and plead guilty to charges levied against him by the U.S. Department of Justice.  ...

Spot Bitcoin ETF: Why this time is different

A wave of optimism around the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States has ignited bullish price action in the crypto market in recent weeks. But that could be just the beginning: If a spot Bitcoin ETF receives a greenlight by the U.S. Secur ...

BTC price returns key profit mark to Bitcoin exchange users at $34.7K

Bitcoin (BTC) bought on exchanges every year since 2017 is now on average in profit, the latest data confirms.Compiled by on-chain analytics firm Glassnode, exchange withdrawal figures confirm that at $37,000, a user’s purchase is on aggregate “in the black.”Bitcoin exchange users claw ...

Bitcoin stalls below $38K as analysis hints ‘Notorious B.I.D.’ is back

Bitcoin (BTC) sought to rematch 18-month highs into Nov. 21 as order book activity gave one analyst a sense of deja-vu.BTC/USD 4-hour chart. Source: TradingViewWhale games conjure Bitcoin's Q1 2023Data from Cointelegraph Markets Pro and TradingView showed BTC price momentum bui ...

Bitcoin transaction fees flip Ethereum’s as Ordinals hype returns

Average daily transaction fees on Bitcoin (BTC)  have flipped with Ethereum following a frenzy of Ordinals-related activity on the Bitcoin network. On Nov. 20, the average daily transaction fee for Bitcoin stood at $10.34, while Ethereum’s transaction fees came to an average of $ ...

Price analysis 11/20: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

The S&P 500 Index (SPX) rose 2.24% last week, its third consecutive weekly gain. In comparison, Bitcoin (BTC) managed a minuscule gain of 0.8%, indicating consolidation below $38,000. The prospects for risky assets remain bullish as the United States Dollar Index has started to turn down.&nbs ...

ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms

ARK Investment Management, a major cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn’t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States.ARK Invest, on Nov. 20, filed another amended prospectus for its spo ...

Crypto community begins Bitcoin halving countdown as milestone date nears

The crypto community and many of its most high-profile players have started to shift their focus toward the Bitcoin halving, a 4-year cyclic event that cuts the Bitcoin market supply in half. With the next halving event scheduled for April 2024, the Bitcoin mining reward will reduce from the curr ...

Santander offers Bitcoin, ETH trading for Swiss account holders: Report

The international arm of Spanish lender Banco Santander has reportedly rolled out a new service, allowing clients with Swiss accounts to invest in and trade Bitcoin (BTC) and Ether (ETH).According to a report from Coindesk claiming access to a leaked internal communication, high-net-worth ...

Crypto ETP volumes surge 91%, outpacing underlying assets — Report

Global cryptocurrency exchange-traded products (ETP) have seen a significant uptick in 2023, reportedly outpacing the growth of underlying assets, according to a report by digital asset platform Fineqia.Crypto-based ETPs issued by companies like 21Shares, Grayscale and CoinShares recorded ...

70% of BTC dormant for a year — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts Thanksgiving week in the United States with a return to $37,000 as bulls stubbornly refuse to loosen their grip.BTC price action remains tantalizingly near 18-month highs as another weekly close provides a fresh taste of bull market momentum.The largest cryptocu ...

Bitcoin-friendly Javier Milei wins Argentina presidential election

Argentina's Bitcoin (BTC)-friendly Javier Milei won the country’s presidential run-off election on Nov. 19, beating out his opponent Sergio Massa.With almost 99% of the vote counted, Milei won over 55% of the votes with a nearly 3 million vote lead according to Bloomberg data. ...

SOL, LINK, NEAR and THETA flash bullish as Bitcoin takes a breather

Bitcoin (BTC) has been consolidating above $35,000 for several days, but the bulls have failed to resume the uptrend above $38,000. This suggests hesitation to buy at higher levels. BitGo CEO Mike Belshe said in a recent interview with Bloomberg that there is likely to be another round of rejecti ...

Bitcoin nears pre-halving ‘target zone’ toward $50K BTC price

Bitcoin (BTC) is nearing a key Fibonacci retracement level which could mark the top of its “pre-halving rally.”That is according to popular social media trader Titan of Crypto, who on Nov. 19 reiterated a pre-halving BTC price target of up to $50,000.Trader: $39,000 is pre-halving BTC ...

Bitcoin ETF approval nearing, but brace for more setbacks: BitGo CEO

Mike Belshe, CEO of cryptocurrency exchange BitGo, has suggested that all indications are leaning towards a favorable outcome for a spot Bitcoin (BTC) exchange-traded fund (ETF). However, he emphasized that the journey ahead won't be without challenges.In an interview with Bloomberg on Nov ...

Bitcoin fees skyrocket on ETF hype

The prospect of a spot Bitcoin (BTC) exchange-traded fund (ETF) being approved soon in the United States has increased demand for the major cryptocurrency, leading to a surge in transaction fees.The Bitcoin blockchain reached $11.6 million in fees paid on Nov. 16 according to statistics fr ...

Is the altcoin season here? How to trade small-cap coins amid high volatility

Bitcoin might have pulled the crypto market from its multi-month sluggishness, but the big winners right now are altcoins, as many cryptocurrencies have outperformed BTC during the last few weeks. Does the crypto market ignite the engine for another altcoin season? How to benefit from this ...

Bitcoin traders’ BTC price dip targets now include $30.9K bottom

Bitcoin (BTC) circled $36,000 after the Nov. 16 Wall Street open as analysis hoped for a deeper BTC price comedown.BTC/USD 1-day chart. Source: TradingViewBitcoin traders map out likely bottomsData from Cointelegraph Markets Pro and TradingView followed a retracement from intraday h ...

Bitcoin bull market FOMO absent as BTC price nears key $39K profit zone

Bitcoin (BTC) bull market “FOMO” has yet to appear despite BTC price being up 120% this year.Data from statistics platform Look Into Bitcoin shows that on-chain transactions are only starting to involve “younger” bitcoins.Bitcoin bull market analysis: "We're still early"Bitcoin rema ...

WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto crowd awaits SEC decisions

The global exchange-traded fund (ETF) provider WisdomTree filed an amended S-1 form spot Bitcoin (BTC) ETF prospectus with the United States Securities and Exchange Commission (SEC) on Nov. 16.The update comes a few months after WisdomTree refiled its spot Bitcoin ETF applic ...

AI’s energy consumption concerns echo Bitcoin mining criticisms, says Heatbit founder

AI and machine learning (ML) is demanding huge amounts of computing resources as interest in the space grows, but conventional Bitcoin miners are not jumping on the bandwagon just yet.Speaking to Cointelegraph journalist Joe Hall at Web Summit 2023 in Lisbon, Heatbit founder Alex Busarov b ...

Sushi taps into ZetaChain to begin testing native Bitcoin DeFi swaps

DeFi platform Sushi has partnered with interoperability platform ZetaChain to explore the possibility of native Bitcoin swaps for its users across 30 different blockchain networks.Sushi’s deployment of its decentralized exchange (DEX) on ZetaChain is touted to enable trading of BTC without ...

CoinShares gets buying rights to Valkyrie’s crypto ETF unit

European digital asset management firm CoinShares secured the exclusive option to acquire the exchange-traded fund (ETF) unit of its United States competitor Valkyrie Investments, including the Valkyrie Bitcoin Fund that’s awaiting approval in the U.S.CoinShares said on Nov. 17 that ...

Tether plans major expansion into BTC mining with $500M investment: Report

Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon. The stablecoin firm may spend around $500 million in the next six months on the construction of mining facilities and investments in ...

Brazil’s crypto regulatory environment is driving competitiveness — CEO of Coinext

Cryptocurrency may be "out of fashion", but it still draws new users to Web3 every day, in particular in emerging markets such as Brazil, according to Bitcoin maximalist José Ribeiro, CEO of crypto exchange Coinext. During the Web Summit in Lisbon, Ribeiro discussed with Cointelegraph ...

BTC price dips 4% as Bitcoin analysis reveals low liquidity above $33K

Bitcoin (BTC) saw a classic pullback after the Nov. 16 Wall Street open as deja vu BTC price action continued.BTC/USD 1-hour chart. Source: TradingViewAnalysis: Door open to deeper BTC price correctionData from Cointelegraph Markets Pro and TradingView followed Bitcoin as it descended to $ ...

German Parliament member ’staunch opponent’ of digital Euro, all in on Bitcoin

The European Union has been actively preparing for what it envisions as the future of money. Over the last year, it finalized its landmark comprehensive crypto legislation, the Markets in Crypto-Assets regulation (MiCA), which is due to take effect in 2024, after closing its second consultat ...

BlackRock files S1 form for spot Ether ETF with SEC

BlackRock, the world’s largest asset manager, officially filed for a spot Ether Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC) on Nov. 15.The move by BlackRock comes nearly a week after it registered the iShares Ethereum Trust with the Delaw ...

Bitcoin enters make-or-break zone after BTC price snaps back to $38K

Bitcoin (BTC) circled a key level into the Nov. 16 Wall Street open after copycat BTC price action produced a fresh attack on $38,000.BTC/USD 1-hour chart. Source: TradingViewBTC price matches 18-month highsData from Cointelegraph Markets Pro and TradingView showed a swift turnaroun ...

Ferrari’s Bitcoin acceptance is major market win, says CoinFlip CEO

Ferrari’s decision to allow U.S. residents to buy its cars in exchange for cryptocurrencies like Bitcoin (BTC) has become one of the biggest market wins in 2023, according to the CEO of the Bitcoin ATM operator CoinFlip.Ferrari has been aware of the growing demand from clients for alternat ...

South Korea’s pension fund bags 280K Coinbase shares: SEC data

The National Pension Service (NPS), a public pension in South Korea and one of the world’s largest pension funds, bought just over 280,000 shares of the global cryptocurrency exchange Coinbase in the third quarter of this year, an investment that has gained 39% in value since the purchase. ...

Grayscale ETH futures ETF a ‘trojan horse’ for spot Ethereum ETF: Analyst

Grayscale Investments is using its Ether (ETH) futures exchange-traded fund (ETF) application as a “trojan horse” to corner the United States Securities and Exchange Commission into approving its spot Ether ETF, says Bloomberg ETF analyst James Seyffart.Seyffart said in a Nov. ...

Some crypto companies might be too excited for Bitcoin’s halving

As we approach Bitcoin's (BTC) halving in April, a phenomenon that historically triggers significant market shifts, companies within the space are at a critical juncture. This event is surrounded by speculation and strategic planning, and for some, a sense of uncertainty. While it's laden with op ...

Solana (SOL), Avalanche (AVAX) and dYdX produce double-digit gains as Bitcoin reclaims $37K

On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC), which notched an intra-day high at $37,400. Leading into the week, DYDX, Solana’s SOL (SOL) and Avalanche’s AVAX (AVAX) currently reflect double-digit gains, with each chasing after new year-to-date highs.  ...

Price analysis 11/15: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, MATIC, LINK, TON

Bitcoin (BTC) succumbed to profit-booking on Nov. 13 and 14, which pulled the price below $35,000. Corrections are a normal part of every up-move and are considered healthy as they shake out the weak hands and allow the stronger hands to add to their positions. A note of caution to th ...

Bakkt shifts focus to custody services, adds support for DOGE, SHIB, other coins

Crypto firm Bakkt appears to be returning to digital asset custody as its primary business, adding support for six new coins, according to an announcement on Nov. 15. Aside from Bitcoin (BTC) and Ether (ETH), Bakkt will expand its custodial support to include Bitcoin Cash (BCH), ...

3 reasons why Bitcoin price failed to break $37K

Bitcoin (BTC) recently surged above $37,000 between Nov. 10 and 12, only to falter and undergo a correction toward $35,000 on Nov. 13. This abrupt movement triggered the liquidation of $121 million worth of long futures contracts, and while Bitcoin’s price stabilized around $35,800 on Nov. ...

Poloniex crypto exchange resumes withdrawals after $100M hack

Justin Sun’s cryptocurrency exchange Poloniex is preparing to resume operations after suffering a major hack in mid-November, according to an official company announcement posted on Nov. 15In the statement, the company said that the platform has “mostly completed” the restoration ...

Cybersecurity team claims up to $2.1B in crypto stored in old wallets are at risk

While the crypto community is still weathering the effects of the recent $100-million Poloniex hack, another cybersecurity threat that could affect billions worth of crypto assets has been discovered by a team of blockchain security experts. On Nov. 14, cybersecurity company Unciphere ...

BTC price bounces at 1-week lows as Bitcoin whales sell into $35K

Bitcoin (BTC) tested $35,000 support into the Nov. 14 daily close as sell-side pressure sparked multiday lows.BTC/USD 1-hour chart. Source: TradingViewBTC price sheds $1,000 in an hourData from Cointelegraph Markets Pro and TradingView tracked a swift retreat for BTC price action, w ...

XRP spike on hoax filing a ‘bad look’ but won’t sway SEC’s ETF approvals

The Nov. 13 XRP (XRP) price action stemming from a falsified BlackRock XRP trust filing shouldn’t sway the United States securities regulator’s decision to approve or delay spot Bitcoin (BTC) exchange-traded funds (ETFs) — but it isn’t a good look, say industry observers. ...

Bitcoin bounces at $36.2K lows as CPI inflation slows beyond forecasts

Bitcoin (BTC) targeted $37,000 at the Nov. 14 Wall Street open as the latest United States inflation data undercut expectations.BTC/USD 1-hour chart. Source: TradingViewCPI offers Bitcoin, stocks a pleasant surpriseData from Cointelegraph Markets Pro and TradingView showed BTC price streng ...

$48K is now ‘reasonable’ BTC price target — DecenTrader’s Filbfilb

Bitcoin (BTC) remains on track to near $50,000 around next year’s block subsidy halving event, longtime analyst Filbfilb says.In his latest interview with Cointelegraph, the co-founder of trading suite DecenTrader shares his current thoughts on BTC price action.Filbfilb: Bitcoin has gi ...

Cointelegraph’s Rise ‘n’ Crypto: Unveiling the daily Web3 podcast

Looking for a way to get all the crypto news you need each day from the best source on the net? Then look no further!Hosted by Robert Baggs, Rise ’n’ Crypto is a daily podcast covering the most recent and important news, insights and stories without the fluff or rambling. Every morning at ...

Tether credits USDT growth surge to ETF excitement, emerging markets

Tether (USDT), the largest stablecoin by market value, has been breaking new records over the course of 2023, with its market capitalization adding at least $20 billion so far this year.According to data from the blockchain data provider Whale Alert, Tether has minted 22.75 billion USDT so ...

Owner of Hong Kong crypto exchange OSL secures $90M investment

BC Technology Group, the operator of Hong Kong’s publicly-listed cryptocurrency exchange OSL, has announced a significant investment from industry firm BGX.BC Technology entered into a partnership with BGX, which agreed to subscribe for shares in BC Technology for an investment of about 71 ...

Swan Bitcoin to terminate customer accounts that use crypto-mixing services

Bitcoin service platform Swan Bitcoin warned its customers that it would be forced to terminate accounts found interacting with crypto-mixing due to the regulatory obligations of its partner banks. Customers were informed about the policy in a letter suggesting the changes are made du ...

Democratic Party of South Korea mandates parliamentary candidates disclose crypto holdings

The Democratic Party of Korea, which holds 167 out of 300 seats in the National Assembly, has made it mandatory for prospective candidates to disclose their virtual asset holdings before next year’s general election.According to the local outlet, News1, the disclosure will be a part of the ...

Crypto is second most popular investment asset in France: Survey

Cryptocurrencies are the second most popular type of asset for investments among the adult French population, according to a survey by the Organisation for Economic Co-operation and Development (OECD) and published by France’s principal financial regulator, the Financial Markets Authority (AMF, o ...

Price analysis 11/13: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

Bitcoin (BTC) has risen more than 120% year-to-date, indicating that the crypto sentiment has improved significantly. Solid buying has resulted in a sharp increase in crypto wallets holding more than $1 million in Bitcoin this year from 23,795 on Jan. 1 to 81,925 currently, according to BitInfoCh ...

Bitcoin institutional inflows top $1B in 2023 amid BTC supply squeeze

Bitcoin (BTC) institutional investment vehicles have seen over $1 billion in new inflows in less than two months.In its latest weekly report on Nov. 13, crypto asset management firm CoinShares furthered the narrative that Bitcoin and altcoins are again attracting capital.Crypto inst ...

Bitget drops plans to seek crypto license in Hong Kong

Cryptocurrency trading platform Bitget has dropped plans to obtain a Virtual Asset Trading Platform (VATP) license in Hong Kong, citing business and market-related considerations.Bitget officially announced on Nov. 13 that its Hong Kong division, BitgetX, accessible by the domain BitgetX.h ...

Brad Garlinghouse jabs at maximalists: ‘It will be a multichain world’

While many participants in the crypto space continue to advocate for only a single blockchain, some believe that the future will be made up of multiple blockchains working with each other. From Toronto in 2017 to now, weâS ...

Bitcoin miners earned $44M in a day to record annual all-time high

The Bitcoin (BTC) mining community recorded its annual all-time high (ATH) on Nov. 12 after raking in over $44 million in block rewards and transaction fees. The revenue from Bitcoin mining primarily comes from rewards for confirming Bitcoin transactions and creating new blocks using ...

Hackers claim to have stolen user data from defunct crypto ATM firm Coin Cloud

An anonymous group of hackers claims to have stolen personal information for about 300,000 customers of the Bitcoin (BTC) ATM company called Coin Cloud, the pseudonymous cybersecurity account Vx-underground posted on X (formerly Twitter). ...

Funding rates echo $69K BTC price — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week still riding high near $37,000 as macroeconomic data returns to the fore.The largest cryptocurrency continues to circle its highest levels in 18 months, with excitement over a possible exchange-traded fund (ETF) approval in the United States driving sentimen ...

Number of Bitcoin millionaire wallets triples in 2023

The number of crypto wallet addresses holding more than $1 million in Bitcoin (BTC) has more than tripled this year. BitInfoCharts data shows the number of addresses with more than $1 million in BTC increased from 23,795 on Jan. 1 to 81,925 currently, a 237% increase in the last 11 mo ...

VET, IMX, GRT and ALGO show bullish setups as Bitcoin trades above $37K

Bitcoin (BTC) is on target to end the week with gains of about 6%, indicating continued demand from the bulls. MicroStrategy co-founder Michael Saylor said during a speech at the 2023 Australia Crypto Convention on Nov. 10 that Bitcoin’s demand on a monthly basis could surge between two to 10 tim ...

Pre-ETF BTC price ‘crash’ or $150K in 2025? Bitcoin forecasts diverge

Bitcoin (BTC) will “most likely” see a serious price drawdown before a key date for institutional investors dawns, says gold bug Peter Schiff.In recent X activity, the longtime Bitcoin skeptic sounded the alarm over recent BTC price gains.Schiff bets on a BTC price "cras ...

Bitcoiners pitch draft bill to preserve blockchain, decentralization in Argentina

Non-government organization Bitcoin Argentina presented a draft bill proposing to regulate the cryptocurrency market in a way that preserves decentralization and strengthens public trust.The proposed legal framework was pitched by Bitcoin Argentina's president Ricardo Mihura at LABITCONF 2 ...

Demand for Bitcoin could grow by up to 10X within 12 months: Michael Saylor

With the Bitcoin halving just months away, MicroStrategy co-founder and Bitcoin bull Michael Saylor thinks that demand for BTC could grow by as much as 10X by the end of 2024. During a speech at the 2023 Australia Crypto Convention on Nov. 10, Saylor was asked to give his outlook for Bitco ...

Researchers claim Bitcoin experiment generated almost 300% higher returns than hodling

A team of academic researchers from the International Hellenic University and Democritus University of Thrace in Greece recently published a paper supporting the “efficient market hypothesis” (EMH) for bitcoin trading.EMH is a controversial theory that the researchers claim contributed to ...

Price analysis 11/10: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

News of BlackRock registering the iShares Ethereum Trust increased expectations that the asset manager may eventually apply for an Ether (ETH) spot exchange-traded fund. This is a positive sign as it shows that BlackRock’s cryptocurrency aspirations are not limited to Bitcoin (BTC).M ...

Bitcoin ‘Terminal Price’ hints next BTC all-time high is at least $110K

Bitcoin (BTC) may next be a “sell” at at least $110,000 as its new bull cycle plays out, a classic on-chain indicator suggests.Data from on-chain analytics platform Look Into Bitcoin shows Bitcoin’s Terminal Price hinting at a possible six-figure BTC price top.BTC ...

Genesis seeks court’s approval to reduce 3AC claim from $1B to $33M

Bankrupt cryptocurrency lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund Three Arrows Capital (3AC).According to a court filing on Nov. 9, Genesis argued that the 3AC debtor should receive an allowed general unsecured claim ...

UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank

One of the Big Four banks in the U.K., Lloyds Bank, has said that reports of cryptocurrency investment scams by victims have surged by 23% in the current year compared to the same period in 2022.According to a press release published by Lloyds Bank, an increasing number of investors face t ...

Wallet crypto bot rolls out on Telegram in Colombia, SA and Kenya

Cryptocurrency trading bot Wallet is debuting its global rollout on the Telegram messenger in several countries in Latin America and Africa.The Open Platform (TOP), the Dubai-headquartered investment platform affiliated with TOP Labs and Wallet, announced the global rollout of the Wallet c ...

Bitcoin ETFs will drive institutional adoption in 2024 – Galaxy Digital’s Mike Novogratz

Galaxy Digital founder Mike Novogratz has told investors that 2024 will be headlined by institutional adoption of cryptocurrencies driven by the pending approval of Bitcoin (BTC) spot exchange-traded funds (ETFs).During Galaxy Digital’s third-quarter earnings call on Nov. 9, Novogratz ...

Institute for blockchain and crypto research opens in France

On Nov. 8, the first-of-its-kind Institute of Crypto-Assets held a formal opening at the Léonard de Vinci center in the business district just outside of Paris. The Institute will support and conduct research related to blockchain technology and cryptocurrencies. Its scientific board ...

BlackRock ETH ETF helps price past $2k; community sees BTC ETF as ‘done deal’

The world’s largest asset manager filed for a spot Ether (ETH) exchange-traded fund (ETF) on Nov. 9, four months after filing for a spot Bitcoin ETF. BlackRock’s filing helped ETH prices soar past $2,000 for the first time in over a year.BlackRock’s intention to file for ...

Binance to terminate Russian ruble deposits next week

Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week.Binance will stop accepting deposits in Russian rubles (RUB) starting Nov. 15, 2023, the firm officially announced on Friday. Binance also advised users ...

Bitwise insists ‘no affiliation’ with startup facing SEC charges

Crypto index fund manager Bitwise Asset Management has stressed that it has no relationship with the failed technology startup Bitwise Industries, which is currently facing charges from the United States Securities and Exchange Commission.  ...

CME tops Bitcoin futures OI as ‘real facts’ drive institutional uptake

Bitcoin (BTC) faces a “torrent” of institutional inflows in the run-up to a United States exchange-traded fund (ETF) approval.That is the perspective of Dan Tapiero, founder and CEO of 10T Holdings, who has joined the bulls eyeing a sea change in institutional Bitcoin adoption.Tapiero: ...

CME overtakes Binance to grab largest share of Bitcoin futures open interest

Binance’s dominance of Bitcoin futures open interest has been toppled by traditional derivatives market place heavyweight Chicago Mercantile Exchange (CME), following Bitcoin’s first move past the $37,000 mark in over 18 months.A number of analysts highlighted the ‘flippe ...

Ethereum, Bitcoin users reignite scalability debate as gas fees surge

A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s.Over the last 24 hours, cryptocurrency users began sharing screenshots showing double, occasionally triple-digit transaction fees on Eth ...

Is it altseason? Altcoin 30-day performance and total market cap flash bullish

A wave of green has washed across the entire crypto market, and it won’t be long before traders on X (the social platform formerly known as Twitter) begin to explain that a new altcoins season has arrived. Altcoin season, or ‘altseason’ as the crypto bros say, typica ...

Cryptocurrency charities can exploit the ‘gambler’s fallacy’ to reap larger donations — study

A team of academic researchers from the U.S. recently published a study exploring how the “gambler’s fallacy” affected cryptocurrency donations. Their findings indicate that organizations accepting crypto donations could benefit from timing the market. Essentially, the team’s work exp ...

Bitcoin puzzles traders as BTC price targets $40K despite declining volume

Bitcoin (BTC) may have tapped $37,000 for the first time in 18 months, but traders are getting suspicious of BTC price action.BTC/USD 1-hour chart. Source: TradingViewBTC price move "doesn't feel right"After snap overnight gains, Bitcoin is attempting to crush resistance on the way ...

Bitcoin briefly tops $37k amid market optimism for pending spot ETF approvals

Bitcoin (BTC) briefly surpassed the $37,000 mark for the first time in 18 months as the wider markets reflect optimism over the pending approval of spot BTC exchange-traded funds in the United States.Data from a number of cryptocurrency market platforms, including Cointelegraph Markets Pro ...

Crypto VC firm Spartan Capital invests in Pendle to drive DeFi growth

Singapore-based digital asset investment firm Spartan Group has announced investment in the decentralized finance (DeFi) protocol Pendle Finance (PENDLE).After actively supporting Pendle since its launch in 2021, Spartan Group’s crypto venture capital arm Spartan Capital has made a follow- ...

Cathie Wood’s ARK bags 1.1M Robinhood shares in one day

ARK Invest, the investment firm founded by major Bitcoin (BTC) advocate Cathie Wood, is actively accumulating stock of the crypto-friendly app Robinhood (HOOD).On Nov. 8, ARK made a massive Robinhood stock purchase, bagging a total of 1.1 million shares for about $9.5 million in one day, a ...

Ark Invest and 21Shares partner to launch digital asset ETF suite

Investment management firm Ark Invest, led by pro-Bitcoin investment veteran Cathie Wood, has collaborated with exchange-traded product (ETP) provider 21Shares to launch a new suite of digital asset exchange-traded funds (ETFs). The move aims to provide a “robust set of options" for investo ...

Bitcoin ETF launch could be delayed more than a month after SEC approval

With the United States Securities and Exchange Commission’s first window opening up for the approval of a spot Bitcoin ETF, analysts have noted that even if the SEC approves a spot Bitcoin (BTC) exchange-traded fund (ETF), it will be a month before the actual launch.The expected dela ...

Swedish Bitcoiners targeted by armed criminals

Criminals in Sweden are specifically targeting prominent local Bitcoin figures, which appears to be the result of ease of access to personal information and residential addresses in the country.Reports from Swedish media outlets LT and Aftonbladet have linked separate robberies in Rön ...

JPEX scandal: Taiwan determines new suspects in alleged fraud — Report

The saga of the imploded cryptocurrency exchange JPEX continues to develop as Taiwanese prosecutors have reportedly found new alleged suspects.The Taipei District Prosecutors Office (TDPO) requested Chang Tung-ying, the chief partner at JPEX’s office in Taiwan, be held in custody over alle ...

Bitcoin ETF excitement returns as BTC price nears $37K

Bitcoin (BTC) neared $37,000 on Nov. 9 as a fresh BTC price surge appeared to take traders by surprise.BTC/USD 1-hour chart. Source: TradingViewU.S. "carrying" Bitcoin upsideData from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $36,000 after the daily close. ...

Marathon Digital sees 670% revenue gain in Q3 as Bitcoin production surges

Bitcoin mining firm Marathon Digital Holdings saw its revenue surge $670% year-on-year in the third quarter of 2023, amid a nearly five-fold increase in Bitcoin production.The results saw Marathon also swing to a quarterly profit, with $64.1 million of net income in the third quarter, acco ...

SEC’s first window to approve all 12 spot Bitcoin ETFs starts today

The United States Securities and Exchange Commission could approve all 12 of the pending spot Bitcoin (BTC) exchange traded fund (ETF) applications within the next eight days. Bloomberg ETF analysts James Seyffart and Eric Balchunas wrote that starting from Nov. 9 the SEC has a &ldquo ...

NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter

In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales, OpenSea has laid off a substantial ...

Price analysis 11/8: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin’s (BTC) rally stalled near $36,000, but the bulls have not hurried to book profits. According to Glassnode analysis, the Long-Term Holder metric, which are addresses holding Bitcoin for at least 155 days, supply is near an all-time high, while the Short-Term Holder, addresses holding coin ...

New BTC price levels to watch as Bitcoin avoids $36K

Bitcoin (BTC) has new short-term BTC price targets as consolidation mixes with bouts of volatility.After a classic “short squeeze” took the largest cryptocurrency to near $36,000, Bitcoin market participants are highlighting key levels to look for from Nov. 8 onward.Bitc ...

EU banking watchdog proposes liquidity rules for stablecoin issuers

The aim of the new liquidity guidelines is to ensure that the stablecoin can be quickly redeemed even during turmoil market conditions to avoid the risk of any bank runs and contagion in a crisis situation.Under the proposed liquidity guidelines, stablecoin issuers must offer any stablecoi ...

HSBC taps Ripple’s Metaco to launch security token custody

HSBC has partnered with Ripple-owned tech firm, Metaco, to integrate its institutional platform Harmonize with HSBC’s new custody service for digital assets, the firm announced on Nov. 8.The bank expects to roll out the new digital asset custody service in 2024, complementing its digital a ...

Swiss crypto bank SEBA gets Hong Kong SFC license

Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC).SEBA’s Hong Kong subsidiary, SEBA Hong Kong, received the regulatory nod to offer a range of crypto-related services in the region ...

Crypto banking app Bitwala relaunches via new partnership with Striga

European cryptocurrency banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations and returning customer funds last year.Bitwala is relaunching operations under its original name, in partnership with the support of the banking infrastructure company known as ...

Bitcoin ‘short squeeze’ sends BTC price to $35.9K as OI stays elevated

Bitcoin (BTC) saw classic BTC price volatility into the Nov. 7 daily close as a “short squeeze” took the market near $36,000.BTC/USD 1-hour chart. Source: TradingViewBitcoin hits "key" short squeeze priceData from Cointelegraph Markets Pro and TradingView followed BTC/US ...

Ex-Cantor execs launch crypto lending platform in expectation of Bitcoin ETFs

A new crypto-lending platform dubbed Tokenet says it will service what it expects to be an influx of institutional clients following the potential United States approval of spot Bitcoin (BTC) exchange traded fund (ETF). The platform was launched by a team of executives who previously ...

Marathon, Riot among most overvalued Bitcoin mining stocks: Report

Bitcoin (BTC) mining heavyweights Marathon Digital and Riot Platforms are among the most overvalued crypto mining companies relative to their competitors, says MinerMetrics founder and analyst Jaran Mellerud.The key metric backing Mellerud's claim is enterprise value-to-sales ratio — measu ...

Data highlights Bitcoin’s potential path to $40K amid global economic turbulence

Bitcoin (BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark. Despite the stagnant prices, the 24.2% gains since Oct. 7 instill confidence, driven by the impending effects of the 2024 halving and the pot ...

Bitcoin supply held by long-term holders hits all-time high — Research

Data from Glassnode suggests that Bitcoin (BTC) is in an accumulation pattern with its available supply reaching a new historical low. According to the report, Bitcoin’s illiquid supply and long-term holders cohort rise.As Bitcoin’s supply tightens, available BTC is being purchased by smal ...

Step-by-Step Guide to Purchasing Bitcoin: How to Buy Bitcoin

In recent years, Bitcoin has gained significant popularity and has become one of the most talked-about topics in the financial world. With its decentralised nature and high potential for returns, more and more individuals are looking to invest in this cryptocurrency. If you are one of those people w ...

Bitcoin Ordinals see resurgence on Binance listing

Ordinals, a BRC-20 token collection minted on the Bitcoin blockchain, have surged by 40.8% in the past 24 hours to $10.19 after listing on crypto exchange Binance.According to Binance's Nov. 7 announcement, traders can now trade Ordinals (ORDI) against Tether (USDT), Bitcoin (BTC), an ...

Caitlin Long’s Custodia Bank launches Bitcoin custody platform

Custodia Bank, a cryptocurrency-friendly bank founded by Bitcoin (BTC) advocate Caitlin Long, has launched its Bitcoin custody platform.The firm took to X (formerly Twitter) on Nov. 7 to announce the launch of Custodia Bank’s Bitcoin custody service targeting businesses like fiduciaries, i ...

Bitcoin open interest passes $15B as analyst warns of 20% BTC price dip

Bitcoin (BTC) fell toward $34,500 on Nov. 7 as analysts’ attention turned to mushrooming open interest.BTC/USD 1-hour chart. Source: TradingViewOpen interest "surge" spooks Bitcoin punditsData from Cointelegraph Markets Pro and TradingView showed BTC price trajectory strugglin ...

Inordinately high — Bitcoin ordinals send BTC transaction fees to new 5-month peak

Bitcoin (BTC) transaction fees are at their highest in nearly six months as a new wave of inscriptions boosts competition for block space.Data from statistics resource BitInfoCharts shows the average BTC transaction fee approaching $6 as of Nov. 7.Ordinals taking up Bitcoin mempool ...

Crypto data platform Glassnode sells Bitcoin tax software to Blockpit

Cryptocurrency intelligence firm Glassnode has said it’s dropping crypto tax-related projects to focus on new solutions targeting institutional investors and decentralized finance (DeFi).Glassnode, on Nov. 6 announced the sale of its crypto-focused tax platform known as Accointing to the E ...

Price analysis 11/6: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Bitcoin’s (BTC) marginal rise of about 1.5% last week suggests that traders are cautious at higher levels but they are not rushing to the exit. The bears have been in hibernation for the past few days but if the rally fails to resume, sellers may try to make a comeback.However, in an uptre ...

Bitcoin price reclaims $35K — Will ATOM, UNI, NEAR and AXS rally next?

The S&P 500 Index soared 5.85% last week, its best performance since November 2022. A large part of the gains were fuelled by expectations that the Federal Reserve will not hike rates anymore. In comparison, Bitcoin (BTC) had a much muted performance with a rise of approximately 2 ...

Telegram Wallet avoided self-custody to ease crypto onboarding, COO says

Telegram Wallet, a major Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has chosen custody over self-custody to chase easier onboarding goals, according to a senior executive.In July 2023, crypto-friendly Telegram messenger officially announced the integra ...

China ‘does not want to miss out’: Community reacts to HK spot Bitcoin ETF news

The cryptocurrency community is excited about the Hong Kong government reportedly weighing the launch of a spot cryptocurrency exchange-traded fund (ETF) amid the ongoing regulatory pushback against such products in the United States.Hong Kong’s potential entrance into spot crypto ET ...

Exchange flow gap hits 10K BTC — 5 things to know in Bitcoin this week

Bitcoin (BTC) begins the second week of November still holding strong near 18-month highs — where might BTC price moves head next?The largest cryptocurrency has fought off sell pressure to seal another impressive weekly close. In what analysis is increasingly describing as a c ...

Spot Bitcoin ETF hype reignited zest for blockchain games: Yat Siu

Enthusiasm surrounding a possible spot Bitcoin (BTC) exchange traded fund (ETF) isn’t just driving up the price of Bitcoin — it's also sparked a resurgence of enthusiasm for blockchain games, says Animoca Brands founder Yat Siu. Speaking to Cointelegraph at Hong Kong Finte ...

Luxor refutes claims its Bitcoin hashrate-backed product is BlockFi, Celsius 2.0

An upcoming Bitcoin (BTC) hashrate-backed product that could offer 10% to 13% returns shouldn’t be compared to failed products by BlockFi or Celsius as its returns come from proof-of-work, not “ponzi schemes,” claims the product’s creator Bitcoin mining firm Luxor Technolo ...

Fake Ledger Live app sneaks into Microsoft’s app store, $588K stolen

Almost $600,000 in Bitcoin (BTC) has been stolen from users who downloaded a fake Ledger Live application on Microsoft’s app store, according to cryptocurrency sleuth ZachXBT.The on-chain analyst spotted the scam, “Ledger Live Web3” on Nov. 5, which is tricking users into ...

Bitcoin bulls defend $34K as trader predicts next BTC price ‘impulse’

Bitcoin (BTC) sought to pressure $35,000 on Nov. 4 as weekend markets continued to consolidate higher.BTC/USD 1-hour chart. Source: TradingView"Significant" event sets up BTC price upsideData from Cointelegraph Markets Pro and TradingView showed BTC price support holding after the e ...

Bitcoin Magazine claims Fed accused it of trademark violation for t-shirts

The United States Federal Reserve has sent a cease-and-desist letter to crypto media publication Bitcoin Magazine, accusing it of trademark violations, according to a Nov. 3 post from the publication. Bitcoin Magazine claims it is being targeted because of its use of the word “FedNow” ...

Price analysis 11/3: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin (BTC) soared above $35,000 on Nov. 2 and that may have sucked in the aggressive bulls who speculated that the next leg of the up-move was beginning. However, the price quickly turned around and fell back below $35,000 signaling that the breakout may have been a fake move.A mild cor ...

CME Bitcoin futures hit record high, but uncertainty looms above $36K

Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on November 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched.B ...

Opinion: With Bitcoin’s halving months away, it may be time to go risk-on

More tradition than coincidence, the Christmas season is around the corner again and the market is looking good for yet another run. Bitcoin (BTC) surged to more than $35,000 in October, another record high for 2023. The year-long rally has been attributed to unconventional market trends, includi ...

Understanding Bitcoin Cryptocurrencies and How Bitcoin Works a Comprehensive Explanation

Bitcoin, the first and most popular cryptocurrency, has become a significant part of the digital world. To truly understand how Bitcoin works, we need to dive into its history and the underlying technology that powers it. Bitcoin, created by the mysterious Satoshi Nakamoto in 2009, works on the prin ...

Bitcoin disappoints while Markets Pro delivers 88% gains in 29 hours

2023 was anticipated to be the comeback year for Bitcoin. Experts predicted that the King of Crypto would soar to $50,000 or more, but it has only bounced back to about $26,000 since the bear market started in late 2021. Cointelegraph Markets Pro, despite the bearish trends ruling the space, has ...

FTX claims climb to 57% as Sam Bankman-Fried found guilty on all counts

The current claim pricing of FTX has reached a maximum of 57%, according to data from Claims Market. The increase in FTX’s claim pricing is attributed to the valuation of the Artificial intelligence (AI) companies that the now-bankrupt crypto exchange previously invested in. Creditors ...

Bitcoin to the moon! Top 5 BTC price predictions for 2024 and beyond

Bitcoin (BTC) continues to circle its highest levels in 18 months and bullish BTC price predictions are flowing in — how high can the bull market go and how fast?From a crash to $20,000 to six figures within months, there is plenty of variety when it comes to what Bitcoin might do next, wi ...

Jack Dorsey’s Block had $5.62B in revenue, $44M in Bitcoin profits in Q3

Jack Dorsey-led Block, a Bitcoin-focused fintech company, published its third-quarter earnings report on Nov. 2 that revealed a profitable quarter for the firm, surpassing analyst estimates. The firm saw $5.62 billion in revenue in the third quarter of 2023, boosted by strong revenue ...

Bitcoin price cools off, but ‘You can never have too much Bitcoin, says Saylor

This week Bitcoin (BTC) price came within a hair of the $36,000 mark, before abruptly reversing course and correcting to $34,250. After a near 30% run over the past month, it is natural for the price to cool off as some traders take profit and market participants evaluate whether or not the catal ...

BTC price dips 3.5% as ‘overheated’ Bitcoin derivatives spark angst

Bitcoin (BTC) broke below $35,000 after the Nov. 2 Wall Street open as analysis warned of “overheated” derivatives.BTC/USD 1-hour chart. Source: TradingViewBitcoin undoes post-Fed gainsData from Cointelegraph Markets Pro and TradingView tracked a retreating BTC price as ...

4 signs Bitcoin is starting its next bull run

As the chances of a Bitcoin exchange-traded fund (ETF) being approved rise, six-figure BTC price predictions are also becoming increasingly common, particularly now that the April 2024 halving is less than 180 days away.BTC price historical patterns, halvingBitcoin’s (BTC) pri ...

3 Satoshi Era Bitcoin wallets transfer $230M in BTC after 6-year dormancy

Three Satoshi Era Bitcoin (BTC) whale addresses that have been dormant since November 2017 transferred 6,500 BTC, estimated to be worth $230 million, on Nov. 2. Satoshi Era BTC refers to the very early stage of Bitcoin network when it was still relatively unknown.According to data from Bit ...

Bitcoin Price History: Latest Updates and Predictions

Bitcoin, the digital currency that has taken the financial world by storm, has become the talk of the town. With its soaring prices and incredible volatility, many are turning to Bitcoin as a means of building wealth and diversifying their assets. In this post, we will explore the fascinating histor ...

PayPal faces SEC action related to PYUSD stablecoin: Report

Payment giant PayPal has received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its U.S. dollar-pegged stablecoin.The Enforcement division of the SEC has sent a subpoena to PayPal related to its PayPal USD (PYUSD) stablecoin, the firm disclosed on Nov ...

Tether issues $610M debt financing to Bitcoin miner Northern Data

Tether (USDT) stablecoin issuer is raising the bet on Bitcoin (BTC) mining by issuing a major debt facility to German-based BTC mining company Northern Data AG.Northern Data AG has secured a 575 million euro ($610 million) debt financing facility from Tether to drive further investments ac ...

New BTC price breakouts see Bitcoin traders confirm targets up to $48K

Bitcoin (BTC) has jumped to new 18-month highs, but holding its latest support is now key to avoiding a “breakdown.”BTC/USD 1-week chart. Source: TradingView$35,000 decides Bitcoin range breakout validityData from Cointelegraph Markets Pro and TradingView shows BTC price ...

Top Swiss bank launches Bitcoin and Ether trading with SEBA

Switzerland’s St.Galler Kantonalbank (SGKB), one of the largest banks in the country, is moving into cryptocurrency by introducing Bitcoin (BTC) and Ether (ETH) trading to its customers.SGKB has partnered with the global cryptocurrency-focused bank SEBA to offer its clients digital asset c ...

Spot ETF-induced Bitcoin rally isn’t guaranteed to stick: Analysts

While the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) will likely spike the price of Bitcoin, some analysts are concerned it won’t be enough to fully thaw the markets from its winter chill. On Oct. 24 Bitcoin staged its largest single day rally in over a year, su ...

Elon Musk slams NFTs but ends up arguing the case for Bitcoin Ordinals

While publicly mocking non-fungible token (NFTs) during a podcast, Tesla CEO and billionaire Elon Musk appears to have inadvertently highlighted the case for Bitcoin Ordinals, also known as Bitcoin NFTs. “The funny thing is the NFT is not even on the blockchain — it’s jus ...

MicroStrategy’s Bitcoin bag is up $900M amid BTC price surge

Business intelligence firm MicroStrategy has notched a paper gain of $900 million on its stack of 158,400 Bitcoin, spurred by optimism over the potential approval of spot Bitcoin exchange-traded funds.The Michael Saylor-founded firm added 6,067 Bitcoin (BTC) since the third quart ...

Bitcoin beyond 35K for Christmas? Thank Jerome Powell if it happens

Historically, a Santa rally happens in the weeks leading up to Christmas when a collective sense of goodwill bleeds into equity markets. This is typically a seasonal blip and nothing to write home about. But this year, we could see a far more significant rally as the United States Federal Reserve ...

3 reasons why Ethereum price is down against Bitcoin

The price of Ethereum’s native token, Ether (ETH) is trading around a 15-month low versus Bitcoin (BTC), and the lowest since Ethereum switched to proof-of-stake (PoS).Cointelegraph takes a closer look at some of the reasons for the continuous drop of the ETH/BTC pair. Ether’s historic ...

Price analysis 11/1: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin (BTC) skyrocketed 28.5% in October, its second-best monthly gain of the year behind the 40% rally in January. After the strong showing in October, the next question on investors’ minds is, could the bullish momentum continue and Bitcoin extend its recovery going forward?Bernstein s ...

100%+ BTC price gains? Bitcoin faces ‘massively overvalued’ stocks

Bitcoin (BTC) will “reassert” itself to deliver over 100% annual BTC price gains, says one of the crypto industry’s major proponents.In an interview with CNBC airing Oct. 5 and published Oct. 31, Dan Morehead, CEO of hedge fund Pantera Capital, predicted continued crypto ...

Bitcoin crash pre-halving? Stablecoin metric that marked 2019 top flashes warning

Bitcoin (BTC) is at 17-month highs with just 164 days until the next Bitcoin halving event, alongside anticipation of a spot Bitcoin exchange-traded fund (ETF) approval in the coming months.Yet, amid Bitcoin’s 106.38% year-to-date gains, the stablecoin supply rate oscillator ...

PayPal scores UK crypto license after brief local Bitcoin buy halt

Global payment giant PayPal has received approval from the Financial Conduct Authority (FCA) to offer crypto services in the United Kingdom.According to official FCA data, PayPal has been registered to offer “certain crypto asset activities” in the U.K. since Oct. 31, 2023.According ...

AI and real-world assets gain prominence in investor discussions

As nations make progress in promoting the expansion of the artificial intelligence sector, market data from Santiment indicates an uptick in conversations among investors and traders regarding the potential of real-world assets and artificial intelligence. At the same time, discussions con ...

Canadian MP urges community to study Bitcoin, cites Gensler’s pre-SEC stance

On the 15th anniversary of Bitcoin white paper release, Canadian Member of Parliament (MP) Joël Lightbound took the opportunity to thank the pseudo-anonymous creator Satoshi Nakamoto on the floor of the Canadian parliament while advocating for people to study Bitcoin.During his speech ...

Coinbase launches regulated crypto futures services for US retail traders

Coinbase Advanced allows retail traders in the United States access to regulated crypto futures contracts four months after Coinbase Financial Markets (CFM) secured approval to operate a Futures Commission Merchant (FCM) entity.On Aug. 17, CFM secured regulatory approval from the National ...

US crypto custody firm BitGo wins BaFin license in Germany: Report

Major cryptocurrency custody firm BitGo is reportedly expanding its regulatory compliance in Germany more than three years after launching a dedicated local subsidiary.BitGo has obtained a cryptocurrency license from the German Federal Financial Supervisory Authority (BaFin), according to ...

Meet the 13-year-old student selling sneakers for Bitcoin: The Agenda podcast

Footwear has long been a critical element of culture and fashion worldwide. For some, shoes exist only to protect one’s feet from the elements; but for others, they are the most critical part of a wardrobe. Sneakers, in particular, have developed a cult following, with some ultra-rare pairs selli ...

FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight

The crypto wallets linked to now-defunct crypto exchange FTX and its sister trading firm Alameda Research have sent over $13 million in different altcoins to numerous crypto exchanges early on Nov. 1.According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferre ...

BTC price gets $36K FOMC target as Bitcoin prints 29% ‘Uptober’ gains

Bitcoin (BTC) has seen its highest monthly close since May 2022 after “Uptober” delivered near 30% BTC price gains.BTC/USD 1-month chart. Source: TradingViewMonthly close boosts Bitcoin bull market hopesData from Cointelegraph Markets Pro and TradingView confirms Bitcoin ...

Invesco and Galaxy’s joint spot Bitcoin ETF added to DTCC’s site

The ticker for Invesco and Galaxy's spot Bitcoin (BTC) exchange-traded fund (ETF) — BTCO — has appeared on the Depository Trust and Clearing Corporation’s (DTCC) website. Invesco's Galaxy spot Bitcoin ETF product is listed on the DTCC's site. Source: DTCCAccording to web archiver WayB ...

Bitcoin futures data highlight investors’ bullish view, but there’s a catch

Bitcoin (BTC) price surged by 26.5% in October and several indicators hit a one-year high, including the BTC futures premium and the Grayscale GBTC discount. For this reason, it's challenging to present a bearish thesis for BTC as data reflects the post-FTX-Alameda Research collapse r ...

Will weakness in Magnificent 7 stocks spread to Bitcoin price?

The mega-cap tech stocks, which saw a robust start in 2023, are now grappling with massive trillion-dollar losses, leaving their shareholders concerned. Wall Street's unease over surging bond yields and higher interest rates has cast a shadow on these companies. Traders are now pondering the pote ...

‘Sodl’ too soon: US gov’t missed Bitcoin gains now total $6B

Bitcoin (BTC) worth over $7.2 billion is still controlled by the United States government — but its losses are mounting.Data from on-chain analytics firm Glassnode shows that Washington’s seized bitcoins total 210,429 BTC as of Oct. 31.195,000 BTC sold, $6.3 billion downThe U.S. Dep ...

Crypto startup Bastion secures money transmitter licenses in US

Bastion, a new cryptocurrency startup created by former Andreessen Horowitz (a16z) executives, has secured two money transmitter licenses (MTL) in the United States.Bastion has acquired MTLs in New Hampshire and Arkansas, the first two licenses obtained by the firm, Bastion announced on Oc ...

Warren Buffett’s ‘crypto stock’ beats Apple and Amazon — but not Bitcoin

Warren Buffett may still view cryptocurrencies and Bitcoin (BTC) as “rat poison squared,” but he is generating big profits from his position in a crypto-friendly bank in 2023.Warren Buffett’s “crypto bet” up $130 million in 2023The “Oracle of Omah ...

Crypto horrors: Tales of lost Bitcoin wallets

In the shadowy corners of the digital world, where the glow of computer screens illuminates faces with eerie light, there exist tales of lost fortunes. These tales act as a terrifying reminder of the unpredictable nature and volatility present in the cryptocurrency markets and the need to adopt s ...

No concerns over Bitcoin halving supply shock, says Bitvavo CEO

Supply and demand dynamics could mitigate concerns of a potential Bitcoin market supply shock during the upcoming mining reward halving in 2024, according to Bitvavo CEO Mark Nuvelstijn.The co-founder of the Netherlands-based cryptocurrency exchange weighed in on Bitcoin-related market mov ...

Bulgaria’s oldest football club adopts Bitcoin and Lightning, joins Nostr

Bitcoin (BTC) has netted another adoption goal. Botev Plovdiv FC, Bulgaria’s oldest football club, has adopted Bitcoin and Lightning Network payments, as well as joining decentralized protocol, Nostr.Plovdiv’s stadium accommodates 18,000 people. Source: ManolovEffective immediately, f ...

Crypto asset manager Valkyrie amends spot Bitcoin ETF filing

Digital asset manager Valkyrie Investments is the latest firm to amend the spot Bitcoin (BTC) exchange-traded fund (ETF) filing with the United States securities regulators.Valkyrie on Oct. 30 filed an updated spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC), accordi ...

Rising M2 money supply will see crypto become ‘Super Massive Black Hole’: Raoul Pal

The rising total money supply (M2) could propel crypto into another bull rally and help it outperform the traditional markets, according to Raoul Pal, co-founder and CEO of financial media platform Real Vision. Pal’s X post highlighted the correlation between the rising fiat market supply and the ...

There are now nearly 40M Bitcoin addresses in profit — a new record

Bitcoin (BTC) has more wallet addresses in profit than ever before despite BTC price being 50% below all-time highs.The latest data from on-chain analytics firm Glassnode shows a record number of addresses “in the black.”$34,000 BTC price returns over 80% of Bitcoin addresses to profit ...

Bitcoin ETFs may be headed for one epic Gensler ‘rugpull,’ say analysts

There’s a slim chance the United States Securities and Exchange chief Gary Gensler could pull the plug on spot Bitcoin (BTC) exchange-traded funds in one “amazingly sadistic” move, according to Bloomberg ETF analysts. In an Oct. 31 tweet directed at senior Bloomberg ...

‘I don’t own Bitcoin, but I should’ — legendary investor Druckenmiller

Billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a “brand” over last decade and half — admitting while he doesn’t own any Bitcoin, he ought to. The billionaire shared his latest thoughts on Bitcoin in an Oct. 30 interview with hedge ...

Bitcoin options data highlights traders’ belief in further BTC price upside

The recent gains are a rare sight in 2023, even considering Bitcoin's impressive 108% year-to-date performance. Notably, the last instance of such price action occurred on March 14 when Bitcoin surged from $20,750 to $26,000 in just two days, marking a 25.2% price increase.Deribit BTC opti ...

Crypto funds see largest weekly inflows in more than a year: Coinshares

Crypto exchange-traded products (ETPs) saw their largest weekly inflows in more than a year, according to an October 30 report from asset management platform Coinshares. Inflows were $326 million for the week ending October 27, dwarfing the $66 million recorded over the previous week. ...

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Bitcoin (BTC) price climbed by 15% last week and 10.45% the week before. The S&P 500 Index dropped 2.53% last week and 2.39% the week before. This shows that Bitcoin has decoupled from the S&P 500 Index in the short term and may chart its own course.However, the path higher may not ...

Bitcoin’s bull move might not be over yet — Here are 3 reasons why

The bullish momentum that propelled Bitcoin (BTC) price to a year-to-date high continues into its third week as the price presses toward the $35,000 handle. Some notable developments that back the current bullish momentum are: The forming a golden cross between the 50-day ...

Small Islands, big problems: Can Bitcoin fix this? Cointelegraph Cape Verde video

Cointelegraph recently traveled to Cape Verde, West Africa, to explore whether Bitcoin (BTC) could be a tool for progress.In the latest on-the-ground video documentary from Cointelegraph, global reporter Joe Hall investigates the remittances market, cash economies, and the challenges and o ...

CME becomes second-largest Bitcoin futures exchange as open interest surges

The Chicago Mercantile Exchange (CME), a regulated Bitcoin (BTC) Futures exchange, now stands just behind Binance in terms of notional open interest (OI) to rank second in the list of BTC futures exchanges.CME’s OI hit $3.58 billion earlier on Oct. 30, pushing the regulated derivatives exc ...

Bitcoin builder climbs Africa’s tallest mountain to raise awareness

A Bitcoin (BTC) educator based in Tanzania has scaled Africa’s highest peak, Kilimanjaro, sponsoring the entire trip through Bitcoin and Nostr donations.Kweks poses with a Bitcoin and NOSTR Flag at Kilimanjaro summit. Source: XKweks, (not his real name) crowdfunded over $1,700 in Bitcoin ( ...

Singapore plans joint crypto pilots with Japan, Switzerland and UK

The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, is planning to start crypto-related cooperation with some European countries and Japan.The MAS officially announced on Oct. 30 that it is partnering with the Financial Services Agency of Japan (F ...

Bitcoin price and energy use for mining highly correlated: UN report

A recent study conducted by the United Nations suggests a direct correlation between the price of Bitcoin (BTC) and the energy needed for mining operations.UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mini ...

Thailand’s KBank acquires crypto exchange business Satang

Thailand’s Kasikornbank, one of the largest banks in the country, is moving into the cryptocurrency industry by acquiring a majority stake in the local crypto business Satang.Kasikornbank, also known as KBank, acquired 97% of shares in the operator of Thailand’s Satang crypto exchange, acc ...

End of ‘Uptober’ targets $40K BTC price — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week at comfortable highs as traders square off over BTC price action to come.As macroeconomic uncertainty continues to grow, Bitcoin is cementing its new trading zone above $30,000.The highest weekly close since early May 2022 is the latest achievement fo ...

Standard Chartered-owned crypto platform Zodia launches in Hong Kong

Zodia, the institutional cryptocurrency custody platform co-owned by British banking giant Standard Chartered, Japanese SBI Holdings and the financial firm Northern Trust, is expanding its services to Hong Kong.Zodia Custody is launching services in Hong Kong in response to growing demand ...

Gary Gensler’s Bitcoin ETF position is ‘inconsistent’… says Gary Gensler

Gary Gensler once criticized the United States securities regulator for its “inconsistent” approach to spot Bitcoin (BTC) products, according to a resurfaced video of Gensler from 2019. The video clip, which has recently made the rounds again on social media, shows the pre-SEC ...

El Salvador pro-Bitcoin president Nayib Bukele launches re-election bid

El Salvador president Nayib Bukele has filed paperwork to be re-elected in the country’s upcoming 2024 presidential election in February.Bukele, a Bitcoin advocate, received strong support from the public on Oct. 26 after he was officially nominated by his party to run for re-electio ...

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

Hopes of approval for a spot Bitcoin (BTC) exchange-traded fund by the United States Securities and Exchange Commission boosted Bitcoin’s price by 27% in October. This improved sentiment, attracting aggressive buying by crypto investors.Bloomberg senior ETF analyst Eric Balchunas highlight ...

VanEck amends application for spot Bitcoin ETF

Asset manager VanEck filed an amended application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on Oct. 27 with the United States Securities and Exchange Commission (SEC), according to the regulator’s database.The amended filing highlights that a seed capital investor purchased ...

First Bitcoin ETF trades $1.5B as GBTC ‘discount’ echoes $69K BTC price

Bitcoin (BTC) institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold.Data from resources including Bloomberg showed Bitcoin exchange-traded funds (ETFs) and others nearing record weekly inflows.BITO, ...

Bitcoin-friendly El Salvador can become the ‘Singapore of the Americas’: VanEck advisor

El Salvador can follow Singapore’s lead and become a financial center in the Americas, according to  Gabor Gurbacs, strategy advisor of investment management firm VanEck.“I say often to portfolio managers and asset allocators that El Salvador has the potential to become th ...

Crypto Biz: BlockFi emerges from bankruptcy, Worldcoin halts USDC payments and more

Crypto lender BlockFi announced its emergence from insolvency this week, just a few days after FTX announced that it successfully reclaimed approximately $7 billion in assets. FTX debtors, comprising FTX and affiliates, estimate that $8.7 billion has been misappropriated from customers. BlockFi h ...

Price analysis 10/27: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin (BTC) has been trading above $33,600 for the past two days, indicating that the bulls are not rushing to the exit. After a sharp rally, if the price does not give up much ground, it may cause FOMO and ignite another round of buying. That could push the markets further into overboug ...

Blockchain congestion and transaction queues actually deter ‘nefarious actors’ — Study

Researchers from Florida Atlantic University and the University of Mississippi recently published research indicating that blockchains with “full” blocks — especially when there’s a transaction queue — appear to have an added layer of protection against nefarious actors, money launderers, and wou ...

Bitcoin beats S&P 500 in October as $40K BTC price predictions flow in

Bitcoin (BTC) surfed $34,000 at the Oct. 27 Wall Street open as attention turned to BTC price performance against macro assets.BTC/USD 1-hour chart. Source: TradingViewBitcoin range faces weekly, monthly closeData from Cointelegraph Markets Pro and TradingView showed BTC/USD holding ...

Crypto wallet Trezor looks into phishing campaign, exec says

Cryptocurrency hardware wallet provider Trezor is investigating a recent phishing campaign, as users have reported receiving phishing emails.The anonymous blockchain sleuth ZachXBT took to his Telegram channel on Oct. 26 to alert users to a phishing attack targeting Trezor custom ...

Bitcoin restarting 2023 uptrend after 26% Uptober BTC price gains — research

Bitcoin (BTC) is due to finish 2023 as it started, on-chain analytics firm Glassnode says as October gains near 30%.In the latest edition of its weekly newsletter, “The Week On-Chain,” released Oct. 24, researchers argued that the past week “sets the foundation” for a BTC price uptrend. ...

Bitcoin price hits all-time highs across Argentina, Nigeria and Turkey

The price of Bitcoin (BTC) has notched new all-time highs against some of the world’s most inflationary fiat currencies.Across 30 hours over Oct. 23 to 24, the cost of buying one Bitcoin has reached all time-highs when using the Argentine peso (ARS), Nigerian naira (NGN), Turkis ...

Is Bitcoin overheated? Some believe the answer is hiding in PEPE

Could Bitcoin (BTC) be headed for an imminent pullback? Some crypto market observers believe the answer could be hiding within the price action of a frog-themed memecoin.In an Oct. 27 post on X (formerly Twitter), Onchain Capital co-founder and Crypto Banter host Ran Neuner suggested that ...

‘Buy Bitcoin’ search queries on Google surge 826% in the UK

Google searches for “buy Bitcoin” have surged worldwide amid a major crypto rally, with searches in the United Kingdom growing by more than 800% in the last week.According to research from Cryptogambling.tv, the search term “buy Bitcoin” spiked a staggering 826% in ...

Bitcoin is evolving into a multi-asset network

For more than a decade, the primary narratives surrounding Bitcoin (BTC) have focused on its role as a peer-to-peer digital cash and store of value.However, all indications suggest that we are witnessing a significant shift in this paradigm.Since the beginning of 2023, one of the mo ...

Bitcoin traders earmark key BTC price levels as $34K struggles to hold

Bitcoin (BTC) fell below $34,000 after the Oct. 26 Wall Street open as consolidation at 17-month highs continued.BTC/USD 1-hour chart. Source: TradingView$33,000 becomes do-or-die BTC price levelData from Cointelegraph Markets Pro and TradingView showed BTC price behavior challengin ...

UK passes bill to enable authorities to seize Bitcoin used for crime

Lawmakers in the United Kingdom have passed legislation allowing authorities to seize and freeze cryptocurrencies like Bitcoin (BTC) if used for illicit purposes.According to official data on the U.K.’s parliamentary acts website, the Economic Crime and Corporate Transparency Bill is expec ...

Bitmain to start shipping new Bitcoin Antminer T21 in January 2024

Bitmain, a major global manufacturer of Bitcoin (BTC) application-specific integrated circuits (ASIC), has officially released its new air-cooled BTC miner, Antminer T21.Bitmain took to Twitter on Oct. 26 to announce the world premiere of the new Antminer T21, the firm’s new air-cooling mi ...

Gary Gensler teases details of SEC’s $5 billion take from enforcement actions, shades crypto

The United States Securities and Exchange Commission (SEC) chief Gary Gensler’s speech before the 2023 Securities Enforcement Forum shed light on the regulatory body’s enforcement actions that led to $5 billion in judgments and orders. However, Gensler’s dig at the cryptocurrency market became a ...

Blockchain-based virtual nations: A new era of governance and inclusivity — Q&A with Jur Network and Draper Startup House

Blockchain-based virtual nations are an emerging concept in the digital realm that seeks to address various societal and governance needs like reduced bureaucracy, better legal systems, cheaper services, democratic decision-making and inclusivity. These virtual nations are decentralized, b ...

Bitcoin price model expects $45K ‘phase’ to hit in November

Bitcoin (BTC) is on track to hit $45,000 in November as part of a classic BTC price cycle, popular analyst CryptoCon says.In an X thread on Oct. 25, the Bitcoin price model creator turned his attention to one based on Fibonacci retracement levels.Analyst: $45,000 next month "possibl ...

Mastercard partners with crypto payment firm MoonPay for Web3 services

Global payment giant Mastercard continues exploring cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay.MoonPay officially announced on Oct. 25 a partnership with Mastercard aiming to jointly explore how Web3 tools can improve experiential marketing, or ...

Bitcoin dominance hits 54% — Highest in 2.5 years as BTC halving approaches

Bitcoin’s (BTC) market dominance has reached 54%, its highest in the last 30 months, indicating the top cryptocurrency is strengthening just before the halving event scheduled for April 2024.The Bitcoin halving is an event in which the mining reward per block is halved, thus cutting ...

‘Magnificent seven’ tech stocks tumble a whopping $280B as crypto surges

More than $280 billion has been wiped from the “magnificent seven” tech stocks following the release of several earnings reports on Oct. 25, triggering fears of a looming tech recession.The so-called “magnificent seven” refers to the top seven blue-chip tech firms i ...

Peter Brandt says Bitcoin bottom is in, but prepare for a ‘chopfest’

Bitcoin (BTC) may reach new all-time highs by the end of next year, but crypto investors should brace themselves for a “chopfest” in the meantime, according to veteran trader and analyst Peter Brandt. In an Oct. 26 post on X (formerly Twitter), Brandt told his 660,000 foll ...

Crypto donations raised by Hamas ‘remain tiny,’ says Elliptic

Blockchain forensic firm Elliptic says there’s “no evidence” that Hamas is receiving a significant volume of cryptocurrency donations to fund its attacks against Israel.“There is no evidence to support the assertion that Hamas has received significant volumes of cry ...

Hashdex sits down with SEC over spot Bitcoin ETF application

Asset manager Hashdex recently held a meeting with the U.S. Securities and Exchange Commission to address the regulator's concerns about its application to allow the Hashdex Bitcoin Futures exchange-traded fund (ETF) to hold spot Bitcoin, a source familiar with the matter told Cointelegraph.  ...

Recovery firm proposes cracking former Ripple CTO’s $244M Bitcoin hard drive

A company is petitioning former Ripple chief technology officer Stefan Thomas for a hard drive containing more than 7,000 Bitcoin (BTC) that he has been unable to access for years.In an Oct. 25 open letter, crypto recovery firm Unciphered offered to unlock an IronKey hard drive belonging t ...

Bitcoin price chases after $35K as BTC derivatives data signals fresh inflow

Bitcoin’s (BTC) price action is the talk of the town this week and based on the current sentiment expressed by market participants on social media, one could almost assume that the long-awaited bull market has started. As Bitcoin's price rallied by 16.1% between Oct. 22 and Oct. ...

Price analysis 10/25: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin (BTC) easily soared above the $31,000 to $32,400 resistance zone on Oct. 23, which came as a suprise to many market participants. Usually, the price tends to consolidate or hesitate near stiff overhead resistance levels but that was not the case this time around.Market participants ...

Matrixport doubles down on $45K Bitcoin year-end prediction

Matrixport, a cryptocurrency trading firm founded by Bitmain co-founder Wu Jihan, has doubled down on its prediction that Bitcoin (BTC) will hit $45,000 by the end of 2023.After first setting its 2023-year-end BTC price target at $45,000 in early 2023, Matrixport reiterated its bold Bitcoi ...

BlackRock fined $2.5M by SEC for incorrect investment disclosure

The United States Securities and Exchange Commission has fined investment adviser BlackRock Advisors $2.5 million, accusing it of failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it managed.Acc ...

‘This is the trigger’ — Arthur Hayes says it’s time to bet on Bitcoin

Bitcoin (BTC) faces a “trigger” moment which keeps a $1 million BTC price tag in play, one of its household names says.In a blog post titled “The Periphery” released on Oct. 24, Arthur Hayes, former CEO of crypto exchange BitMEX, said that Bitcoin is already warning ...

Crypto market sentiment at highest point since BTC’s $69K all-time high

Bitcoin (BTC) market sentiment has returned to levels not seen since its price reached $69,000 in mid-November 2021, according to the Crypto Fear & Greed Index.The index is now at 72 out of a total possible score of 100, placing it within the “greed” ranking — a six-point increase from ...

No, ARK 21 Shares spot Bitcoin ETF is not listed on DTCC website

Despite swirling rumors on social media, ARK Invest’s spot Bitcoin (BTC) exchange-traded fund (ETF) does not appear to be listed on the Depository Trust and Clearing Corporation’s (DTCC) website.On Oct. 25, numerous high-profile crypto accounts on X (Twitter), including Mike Al ...

Galaxy predicts 74% Bitcoin price increase first year after ETF launch

Bitcoin’s (BTC) price will increase 74.1% in the first year after spot Bitcoin exchange-traded funds (ETFs) are launched in the United States, according to estimates from crypto investment firm Galaxy Digital.In an Oct. 24 blog post, Galaxy Digital research associate Charles Yu estima ...

BlackRock’s iShares Bitcoin ETF mysteriously disappears — then reappears — on DTCC site

The ticker for BlackRock's spot Bitcoin (BTC) exchange-traded fund (ETF) IBTC has reappeared on the Depository Trust and Clearing Corporation’s (DTCC) website after disappearing for a few hours.The price of Bitcoin surged to new yearly highs following the Oct. 23 surprise appearance ...

Bitcoin bulls fight to hold $34K as CME BTC open interest surpasses 100K

Bitcoin (BTC) is currently battling to hold the $34,000 level after a stellar rally and short squeeze saw its price push above $35,000 on Oct. 23.In an Oct. 24 market update, Capriole Investments founder Charles Edwards noted that after seven months of consolidation, Bitcoin’s upward ...

Lightning Network faces criticism from pro-XRP lawyer John Deaton

Lawyer and cryptocurrency supporter John Deaton has criticized the Lightning Network, deeming it less effective than the “Spend The Bits” protocol on the XRP Ledger (XRPL). Lightning is a layer-2 scaling solution for Bitcoin. It is designed to improve the scalability and efficiency of ...

Bitcoin core developer steps back from Lightning Network over “hard dilemma”

Security researcher and developer Antoine Riard is stepping down from the Lightning Network’s development, citing security issues and fundamental challenges to the Bitcoin ecosystem. According to a thread on the Linux Foundation’s public mailing list, Riard believes the Bi ...

FTX clients face deceptive priority withdrawal scam

Recently, a fraudulent priority withdrawal scam has surfaced, targeting FTX users. Sunil, an advocate for FTX, has utilized the social platform X (formerly known as Twitter) to caution FTX account holders about this phishing scheme and urges them to avoid clicking on any dubious links.Suni ...

Price analysis 10/20: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC

Bitcoin (BTC) rose above $30,000 on Oct. 20, indicating that the path of least resistance is to the upside. Grayscale Investments filing a new application with the United States Securities and Exchanges Commission for a new spot Bitcoin ETF may have acted as a bullish trigger.In another po ...

BTC price hits 2-month high amid bet Bitcoin will break $32K ‘soon’

Bitcoin (BTC) tapped $30,000 into the Oct. 20 Wall Street open as analysts directed attention to the weekly close.BTC/USD 1-hour chart. Source: TradingViewBTC price sets up weekly close showdownData from Cointelegraph Markets Pro and TradingView captured new two-month BTC price high ...

Bitcoin eyes $30K, XRP price jumps 6% after Ripple’s legal victory

Bitcoin (BTC) passed $29,500 on Oct. 20 after an eventful 24 hours boosted BTC price trajectory while XRP price jumped above $0.50 in response to Ripple's big legal win. BTC/USD 1-hour chart. Source: TradingViewHawkish Fed's Powell fails to dent BTC priceData from Coi ...

Why the 2024 Bitcoin halving may play out differently than in the past

The impact of the Bitcoin halving on crypto prices is often overestimated and the next halving, set for April 2024, may play out differently than previous ones, according to a leading analyst.The halving event, which every four years, cuts in half the rate by which new Bitcoins are created ...

BTC price climbs to $28.6K as Bitcoin awaits ‘very dovish’ Fed Powell speech

Bitcoin (BTC) kept pressure on $28,500 after the Oct. 19 Wall Street open ahead of a key speech on United States economic policy.BTC/USD 1-hour chart. Source: TradingViewLepard: Powell may flip "very dovish"Data from Cointelegraph Markets Pro and TradingView showed BTC price action ...

Atomic Wallet freezes $2M in ‘suspicious deposits’ on exchanges

Hacked cryptocurrency wallet Atomic Wallet has frozen $2 million in “suspicious deposits” in a joint effort with major crypto exchanges.Announcing the news to Cointelegraph on Oct. 19, Atomic Wallet said that blockchain intelligence firms Chainalysis and Crystal have assisted the wallet fi ...

Bitcoin-centric AI language model aims to drive BTC education and adoption

“It’s good at answering Bitcoin and economics-related questions, at least better than GPT-4”, Aleksandar Svetski tells Cointelegraph at a bustling Bitcoin Amsterdam.The entrepreneur, author and founder of Spirit of Satoshi, a novel AI large language model (LLM), begins to unpack the a ...

Grayscale files for new spot Bitcoin ETF on NYSE Arca

Major cryptocurrency investment firm Grayscale has filed a new application with the Securities and Exchange Commission (SEC) for a new spot Bitcoin (BTC) exchange-traded fund (ETF).Grayscale on Oct. 19 submitted an S-3 form registration statement with the SEC intending to list the shares o ...

Hodling hard: Bitcoin’s long-term investors own over 76% of all BTC for the first time

Bitcoin (BTC) is becoming scarcer than ever — if you are a BTC price speculator or new to the market.The latest data from on-chain analytics firm Glassnode shows a record portion of the available BTC supply is locked up in long-term storage.Bitcoin long-term holder presence beats all-t ...

Coinbase selects Ireland as its European crypto hub

The United States-based cryptocurrency exchange Coinbase is strengthening its presence in Europe and has officially announced Ireland as its chosen main European crypto hub.Coinbase has selected Ireland as its EU entity location of compliance with Europe’s major cryptocurrency regulatory f ...

IRS crypto tax reporting rules threat to industry — Coinbase legal chief

Coinbase crypto exchange chief legal officer Paul Singh Grewal called upon the crypto community to join the movement against the United States Treasury’s proposed tax reporting regulations on cryptocurrencies. Grewal urged the community to oppose the proposed regulations as it could set a d ...

Bitcoin Amsterdam highlights hurdles for consensus over improvement proposals

Bitcoin (BTC) core developers have long been at odds over improvement proposals (BIPs) to address pain-points of the protocol, as was evident in a heated panel during Bitcoin Amsterdam.Long-time Bitcoin developers Paul Sztorc and Peter Todd brought this to the fore in Amsterdam, with the l ...

Tesla earnings: Bitcoin bags untouched as firm splashes out on AI

Electric vehicle maker Tesla made no changes to its sizeable Bitcoin (BTC) holdings for the fifth quarter in a row. However, it has directed more funds to double its computing capacity amid artificial intelligence (AI) efforts.Tesla’s Q3 2023 results released on Oct. 18 show as of Sept. 30 ...

Lightning Labs releases Taproot Assets alpha, bringing stablecoins to Bitcoin

Bitcoin layer-2 infrastructure firm Lightning Labs has released the mainnet alpha of Taproot Assets, a protocol aimed at enabling stablecoins and real-world assets to be issued on the Bitcoin and Lightning Network.The current version, Taproot Assets v0.3, will provide a “feature ...

Just how bullish is the Bitcoin halving for BTC price? Experts debate

A recent panel at the Swan Pacific Bitcoin festival was cleverly titled, “Are halving price cycles bullshit?” Throughout the discussion, host and founder of the Bitcoin Layer Nik Bhatia asked Marathon Digital CEO Fred Thiel, Swan CIO Ralph Zagury and Swan product manager Andy Edstrom ...

Bitcoin metrics ‘improve bullish odds’ as BTC price holds 200-week trendline

Bitcoin (BTC) continues to hold key support which new analysis says “improves bullish probabilities.”In an X (formerly Twitter) thread on Oct. 17, Caleb Franzen, senior analyst at Cubic Analytics, drew attention to two moving averages now forming the BTC price battleground.Analysis: En ...

BTC price models hint at $130K target after 2024 Bitcoin halving

Bitcoin (BTC) is destined to hit $128,000 or more by the end of 2025, multiple analytics models suggest.Uploading his latest BTC price estimates to X on Oct. 17, popular trader and analyst CryptoCon deduced a two-year target of around $130,000.Multiple BTC price forecasts converge o ...

Binance US asks users to convert USD into stablecoins for withdrawals

Cryptocurrency exchange Binance.US has updated its terms of service, hinting that direct withdrawals in the U.S. dollar are no longer supported on the platform.Binance.US updated its terms of service on Oct. 16, significantly modifying the section about the “BAM Fiat Wallet,” r ...

Crypto investor protections in EU won’t take effect until late 2024

Cryptocurrency investors in Europe are not yet protected under European Union cryptocurrency asset market rules and it will take some time for the protections to take effect.Europe’s securities regulator, the European Securities and Markets Authority (ESMA), on Oct. 17 issued a statement a ...

BTC price holds 6% gains as Bitcoin battles for ‘crucial’ $28K support

Bitcoin (BTC) passing $28,000 hints at bullish sentiment, but reclaiming it for good is essential, analysis says.In an X post on Oct. 17, Yann Allemann and Jan Happel, co-founders of on-chain analytics firm Glassnode, described the $28,000 mark as a “critical milestone” for BTC price.G ...

Bitcoin Amsterdam: BTC shines in depths of crypto bear market

The Bitcoin (BTC) value proposition continues to be a source of confidence for investors and proponents amid prevailing depressed market conditions in the broader cryptocurrency space.This was a key takeaway from in-depth interviews with Bitcoin developers, advocates, analysts and influent ...

This new crypto debit card brings low fees and convenience to cryptocurrency payments

Cryptocurrencies offer several advantages to traditional money, including lower costs, faster transfers, and decentralized systems that do not collapse at a single point of failure. Despite these benefits, many people don’t consider digital currencies practical for everyday use. Moreover, ...

Coinbase suspends 80 non-USD trading pairs to improve liquidity

The United States-based cryptocurrency exchange Coinbase is removing dozens of trading pairs in order to improve liquidity on its platform.Coinbase has suspended 80 non-USD trading pairs, including those with cryptocurrencies like Bitcoin (BTC), stablecoins like Tether (USDT) and fiat curr ...

SBF and Caroline Ellison conspired to keep Bitcoin under $20K, but did it work?

On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX's co-founder and CEO, Sam "SBF" Bankman-Fried, to sell Bitcoin (BTC) if its price remained above $20,000. This admission came as a shock to ...

Price analysis 10/16: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

After two successive weeks of gains, the S&P 500 Index (SPX) started the week on a positive note. This suggests a risk-on sentiment which is a bullish sign. The volatility is likely to pick up as 11% of the S&P 500 companies are expected to report results this week.The risk-on sent ...

Focus on BTC fundamentals, says Edward Snowden – Bitcoin Amsterdam

“We’re contorting ourselves to pass through the keyhole of tyranny.” Edward Snowden’s words ring out in the packed Genesis Stage hall at Bitcoin Amsterdam, stressing the preeminent cryptocurrency’s ever-increasing importance in a world beset by creeping government surveillance, devaluing fiat cur ...

Crypto yield platform Haru Invest to suspend server

Troubled cryptocurrency platform Haru Invest is planning to suspend its server a few months after halting withdrawals in June 2023.Haru Invest is thinking of shutting down its server in order to reduce the server maintenance costs of services, Haru Invest CEO Hugo Lee announced on Oct. 16. ...

Crypto payment option for Honda cars only works via third-party platform

Major automobile manufacturer Honda does not accept cryptocurrency payments directly but one can use cryptocurrencies like Bitcoin (BTC) to buy a Honda car through a third party.In early October, several publications mistakenly reported that Honda started accepting cryptocurrency as paymen ...

Mining BTC is harder than ever — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week firmly back in the “Uptober” spirit as the weekly close gives way to a classic short squeeze.In a return to classic BTC price volatility of the kind seen earlier in the month, the largest cryptocurrency is tackling $28,000 ahead of the first Wall ...

US government among largest Bitcoin hodlers with over $5B in BTC: Report

The United States government has become one of the largest Bitcoin holders with over 200,000 BTC worth more than $5 billion despite selling a few thousand BTC worth millions earlier this year.According to a data analysis based on public filings, crypto firm 21.co estimated that the U.S. go ...

Grayscale GBTC discount falls to 16% as markets bet on Bitcoin ETF approval

Grayscale’s Bitcoin investment vehicle, Grayscale Bitcoin Trust (GBTC) is trading at its lowest discount in nearly two years, as spot Bitcoin ETFs continue to inch toward potential approval in the United States. The latest data from YCharts shows GBTC’s discount to Bitcoin net ...

Bitcoin signals potential range expansion— Will SOL, LDO, ICP and VET follow?

The S&P 500 Index nudged higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than 5% this week. Its rally of 3.11% on Oct. 13 was its best one-day performance since Dec. 1 of last year. However ...

nticipation of Spot Bitcoin ETF Approval Influences Cryptocurrency Market

The cryptocurrency market, especially Bitcoin, has been affected by unconfirmed expectations of the approval of spot-based exchange-traded funds (ETFs). While Bitcoin has outperformed other cryptocurrencies, this outperformance may be partially due to the market anticipating the approval of spot Bit ...

Bitcoin and Ethereum Prices Slide Ahead of Key U.S. Inflation Report

Bitcoin and Ethereum are both experiencing downward price movements: Bitcoin (BTC): Bitcoin's price has fallen below the $27,000 level. The drop in price comes ahead of the release of the U.S. consumer price index (CPI) for September, with an expec ...

Crypto Strategist Benjamin Cowen Warns of Potential Bitcoin Plunge, Impact on Altcoins

Benjamin Cowen, a prominent crypto strategist, is warning of a potential Bitcoin (BTC) plunge, which he believes could negatively impact altcoins. Cowen suggests that Bitcoin may experience an 8% drop from its current level, which could be followed by even more significant losses. Cowen expresses ...

Cryptocurrency Market Reacts to Producer Price Index Data: Bitcoin and U.S. Dollar Respond

Important economic data is closely monitored by the cryptocurrency market, particularly Bitcoin, which recently experienced a drop to $27,000 amid escalating tensions between Israel and Hamas. Today, the announcement of the Producer Price Index (PPI) data has stirred interest among market participan ...

Cryptocurrency Market Update: Bitcoin Slides to 10-Day Low Amid SBF Trial Revelations

In today's cryptocurrency market, Bitcoin faced a significant downturn, dropping to a ten-day low. This decline was concurrent with the ongoing trial of Sam Bankman-Fried (SBF), the founder of FTX and Alameda Research. Startlingly, Caroline Ellison, the former CEO of Alameda Research, made allegatio ...

Binance Introduces Self-Transaction Prevention Feature to Prevent Unnecessary Fees

Binance, one of the largest cryptocurrency exchanges, is expanding its self-transaction prevention (STP) function to prevent unnecessary trading fees associated with unintentional self-trades. The STP functionality will be fully rolled out for all users of spot and margin trading on Binance's platfo ...

Canadian Bitcoin Miner Hut 8 Stays Committed to Accumulating Self-Mined BT

Hut 8, a Canadian Bitcoin (BTC) mining company, continues to accumulate self-mined BTC despite a merger deal with US Bitcoin (USBTC). In September 2023, Hut 8 mined 111 Bitcoin, bringing its self-mined BTC reserves to 9,366 Bitcoin. While this represents an 8% increase from the previous month, it is ...

Cryptocurrency Market Entering Q4: Evolving Liquidity Patterns and Volatility

The cryptocurrency market is entering the fourth quarter with a focus on evolving liquidity patterns and market volatility, which are expected to shape the narrative in the coming months. The third quarter saw a marked decrease in crypto volatility, indicating that the asset class may be maturing or ...

Crypto Analyst Jason Pizzino Sees Bullish Structure for Bitcoin Amid Weakening US Dollar

Crypto analyst Jason Pizzino suggests that Bitcoin (BTC) is forming a bullish structure as the US dollar shows signs of weakness. He points to the key level of $28,400 for Bitcoin and notes that as long as the market holds up above this level, it seems like the beginning of an uptrend. Pizzino al ...

FTX Hackers Employ THORChain to Convert Stolen Ethereum into Bitcoin, Evading Detection

FTX hackers have taken a new approach, converting a substantial amount of stolen Ethereum (ETH) into Bitcoin (BTC) using THORChain, a decentralized platform. The hackers transferred 15,000 ETH, which is equivalent to approximately $24.75 million, in a strategic move to further obscure their activiti ...

Economist Predicts ‘Monster’ Move for Bitcoin and Risk Assets Based on BTC/SPX Ratio

Economist Henrik Zeberg, specializing in macroeconomics, is foreseeing a significant move for Bitcoin (BTC) and other risk assets, characterizing it as a potential "monster" move. His analysis is centered around the BTC/SPX Ratio, an indicator that evaluates Bitcoin's performance relative to the S&a ...

Bitcoin Price Corrects Below $28,000, Testing Key Support at $27,200

Bitcoin's price has initiated a correction below the $28,000 mark, currently testing the support at $27,200, with the possibility of a near-term rebound. Bitcoin is currently trading below key support levels at $28,000 and $27,800. The price is also below $27,500 and the 100-hourly Simple Movi ...

Individual Linked to Cryptocurrency Money Laundering Operation Selling Stolen Tokens at Discounted Rates

Blockchain analysis experts have uncovered an individual allegedly linked to a cryptocurrency money laundering operation selling stolen tokens from recent high-profile exchange hacks at discounted rates. These investigations led to an individual who is reportedly selling stolen cryptocurrency tokens ...

Bitcoin Price Analysis for October: Historical Trends and Future Outlook

Bitcoin Price Analysis for October: What to Expect October historically has been a significant month for Bitcoin in terms of price action. On average, Bitcoin experiences a 17% price increase during this month, excluding the early and more volatile years of its existence. When examining pr ...

Bitcoin Price Undergoes Correction but Maintains Bullish Momentum

Bitcoin Price Experiences Technical Correction, but Bullish Momentum Persists The price of Bitcoin (BTC) recently made further gains and approached the resistance at $28,500. Following this, BTC underwent a corrective phase but has since found support at the $27,350 level. Bitcoin continued it ...

Silk Road Founder Ross Ulbricht Marks 10 Years in Prison, Leaving a Controversial Legacy in Bitcoin’s History

Ross Ulbricht, the founder of the darknet marketplace Silk Road, recently marked 10 years in prison. Despite the illegal activities associated with Silk Road, Ulbricht is viewed by some in the crypto community as having contributed to the accelerated adoption of Bitcoin. Silk Road was an online b ...

Bitcoin Ends September with 5% Gain, Strong October Start Fuels Bullish Sentiment

The price of Bitcoin (BTC) closed September on a positive note, marking a nearly 5% increase for the month. The early days of October have seen a substantial price surge, which is still ongoing. Analyzing the weekly timeframe, it's evident that BTC's price has been rising since the beginning of S ...

Coinbase Secures Major Payment Institution License in Singapore for Crypto Services Expansion

Coinbase, the U.S.-based cryptocurrency exchange, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This significant regulatory approval allows Coinbase to expand its digital payment token services to individuals and institutions in Singapore. The ...

Crypto Analyst Warns of Potential 63% Bitcoin Crash

Nicholas Merten, a popular crypto analyst and host of DataDash, has warned of a potential Bitcoin (BTC) crash, suggesting that the cryptocurrency could plummet by nearly 63% to around $10,000. He attributes this potential crash to several factors, including declining market liquidity due to the Fede ...

Bitcoin’s Price Hovers Around $27,000 Amidst Short Squeeze

On September 29, Bitcoin (BTC) experienced price fluctuations, bouncing around the $27,000 level as it attempted to challenge the month's highest levels. Despite a short squeeze pushing it above $27,000, Bitcoin bulls failed to establish a new monthly peak. Bitcoin reached a high of $27,300 on Bi ...

Mixin Network Faces Largest Hack of 2023, Offers $20 Million Reward to Recover Stolen Funds

Coinbase International Exchange, holding a class F license from the Bermuda Monetary Authority (BMA), has announced that it has obtained additional regulatory approval to offer perpetual futures trading to non-US retail customers. Coinbase International had previously launched crypto derivatives ...

The Impact of Bitcoin’s Upcoming Halving on Miner Profitability

Bitcoin miners are facing heightened competition due to record-high hash rates, making miner profitability increasingly challenging. While ordinal inscriptions help miners earn extra revenue by filling empty block space, profitability remains modest compared to historical levels. The upcoming Bit ...

Bitcoin (BTC) Breaks Out, Approaches Weekly Highs Near Wall Street Opening”

Bitcoin (BTC) experienced a breakout, surging higher as it approached the Wall Street opening on September 27. The price of BTC reached $26,823 on Bitstamp, marking a 2% increase and bringing it to near-weekly highs. Here are some key points from this development: Analysts had already been eyeing ...

Bitcoin’s Implied Volatility Surpasses Ethereum for 20 Consecutive Days: A Macro Asset in Focus

Bitcoin (BTC) has consistently exhibited higher implied volatility than Ethereum (ETH) for a record-breaking 20 consecutive days, as per Deribit's 30-day implied volatility index. This ongoing trend marks the longest period of BTC's implied volatility surpassing ETH since the indices were introduced ...

Cryptocurrency Market Analysis: Key Insights and Trends for 2023

Venezuela has decided to extend the reorganization and shutdown period for its crypto oversight body, the National Superintendency of Crypto Assets (Sunacrip), until March 24, 2024. This extension comes after Sunacrip ceased its operations in March 2023 due to a corruption scandal involving its form ...

Bitcoin Spot Trading Volume Hits 6-Year Low Amidst Changing Market Dynamics

The spot trading volume of Bitcoin has reached its lowest point in six years, marking a significant decline from the high trading activity observed earlier in the year. Several factors contribute to this decline: Macroeconomic Uncertainty: Concerns about the broader economic landscape, driven by ...

US Dollar Strength Index (DXY) at 10-Month High: Impact on Bitcoin and Cryptocurrencies

The US Dollar Strength Index (DXY) recently achieved its highest level in almost 10 months, indicating growing confidence in the US dollar compared to other fiat currencies. This surge in demand for the US dollar has raised concerns among investors about its potential impact on Bitcoin (BTC) and cry ...

Bitcoin Price Analysis and Market Trends: September 2023

Prominent cryptocurrency influencer Ben Armstrong, previously known as BitBoy, found himself in a dramatic situation as he was arrested while live-streaming outside the residence of a former business associate. Armstrong accused the associate of possessing his Lamborghini. The incident unfolded afte ...

Bitcoin Ordinals Inventor Proposes ‘Runes’ Fungible Token Protocol as Alternative to BRC-20

Casey Rodarmor, the inventor of Bitcoin Ordinals, has proposed a new Bitcoin-based fungible token protocol called "Runes" as an alternative to the BRC-20 token standard. The BRC-20 standard, launched by an anonymous developer known as "Domo," has gained popularity, with a market cap of $1 billion wi ...

Bitcoin Price Stabilizes at $25,833 Amid Market Volatility and Macroeconomic Data

Bitcoin's price has experienced a steady decline in recent weeks, with some stabilization observed recently. Currently, the price of Bitcoin is around $25,833 on eToro. The decline in Bitcoin's performance has been attributed to factors like volatility and macroeconomic data. At the start of the ...

SEC’s Delay in Approving Bitcoin ETFs Puts Pressure on BTC Price

The delay by the U.S. Securities and Exchange Commission (SEC) in approving the first Bitcoin exchange-traded fund (ETF) is putting pressure on the Bitcoin price. This uncertainty has led to increased bearish pressure in the market, with Bitcoin failing to hold above $27,200. Several major player ...

Long-Term Bitcoin Holders (LTHs) Show Strong Conviction as They Accumulate a Significant Portion of BTC Supply

Long-term Bitcoin holders (LTHs), often referred to as "Hodlers," are showing strong conviction in their Bitcoin positions, with data from crypto analytics firm "Into the Block" revealing that they now hold approximately 13.44 million Bitcoins. This represents a significant portion of the total circ ...

Bitcoin Retests $26,000 Support as Market Awaits Key Events

Bitcoin (BTC) has begun the last week of September by retesting the $26,000 support level as the cryptocurrency continues to trade in a narrow range. Despite a relatively uneventful week in terms of macroeconomic events, Bitcoin faces potential market-moving events in the days ahead. The weekly c ...

Bitcoin’s Dominance Hits Yearly High: Implications for the Crypto Market

The recent resurgence in Bitcoin's dominance within the cryptocurrency market has raised several questions about its implications for the broader crypto landscape. Bitcoin dominance is a key metric, representing the proportion of the total cryptocurrency market capitalization held by Bitcoin. When B ...

Willy Woo Analyzes the Challenge to Bitcoin’s Growth Posed by Derivatives

In the world of Bitcoin analysis, prominent analyst Willy Woo has identified a significant obstacle that could impede the future growth of the leading cryptocurrency. Woo raises concerns about the rise of Bitcoin derivatives and the consequences it brings for the crypto market. Sharing insights w ...

Historical Patterns Suggest Bitcoin Could Soar to $48,700 Ahead of Halving

Throughout its history, Bitcoin has been no stranger to dramatic price fluctuations and pivotal moments. As we approach the next Bitcoin halving event, an intriguing historical pattern emerges, hinting at a potentially bullish scenario with a price target of $48,700. The Bitcoin halving event, wh ...

Bitcoin Price Analysis: BTC Faces Resistance at $27,000, Bearish Trend Continues

Bitcoin's price is currently in a bearish trend after failing to clear the $27,500 resistance level. It has fallen below the $27,000 and $26,800 support levels, entering a bearish zone. A major bullish trendline was also broken with support near $26,800 on the hourly chart. The price is currently ...

How to Build Your Own DIY Cryptocurrency Hardware Wallet: A Guide for Enthusiasts

Cryptocurrency enthusiasts with the right skills and knowledge can build their own DIY cryptocurrency hardware wallet similar to a Trezor, an open-source hardware wallet. Florin Cocos, an electronics design manager, successfully created his DIY Trezor Model One using open-source code in 2018, even w ...

Alchemy Pay Expands Global Reach with U.S. Payment License Acquisition

Alchemy Pay, a cryptocurrency payment gateway, is expanding its global presence with the acquisition of a major payment license in the United States. The company has successfully secured a Money Transmitter License in the state of Arkansas, according to an announcement made to Cointelegraph on Se ...

CoinEx Prepares to Resume Deposit and Withdrawal Services After $70 Million Hack

Cryptocurrency exchange CoinEx is preparing to reopen deposit and withdrawal services more than a week after experiencing a $70 million hack due to compromised hot wallet private keys. CoinEx previously communicated its intention to develop and implement a new wallet system to support the 211 blo ...

Historical Data Suggests Strong Year-End Performance for Bitcoin, Potential $37,000 Target

The final quarter of each year has traditionally seen Bitcoin (BTC) perform exceptionally well, with an average return exceeding 35% over the past nine years, as reported in a recent analysis by crypto services provider Matrixport. Markus Thielen, Head of Research at Matrixport, has suggested tha ...

Cryptocurrency Dominates Reported Overseas Assets in South Korea: National Tax Service Report

In South Korea, a recent report from the country's tax organization, the National Tax Service (NTS), highlights the dominance of cryptocurrencies like Bitcoin (BTC) among reported overseas assets. The NTS issued an official announcement on September 20, revealing that 1,432 individuals and corpor ...

Cryptocurrency Dominates Reported Overseas Assets in South Korea: National Tax Service Report

In South Korea, a recent report from the country's tax organization, the National Tax Service (NTS), highlights the dominance of cryptocurrencies like Bitcoin (BTC) among reported overseas assets. The NTS issued an official announcement on September 20, revealing that 1,432 individuals and corpor ...

Dogecoin (DOGE) Shows Signs of Recovery, Aims to Surpass Key Resistance at $0.0640

Dogecoin (DOGE) is currently in a recovery phase after finding support around $0.0595 against the US Dollar. There is potential for DOGE to continue rising if it manages to surpass the resistance at $0.0640. DOGE has initiated a decent upward movement above the $0.0615 resistance against the US d ...

Hodlnaut’s Administrators Reject OPNX’s Buyout Offer Due to Value Decline in Settlement Token

The interim judicial managers overseeing the affairs of Hodlnaut, the collapsed cryptocurrency lender, have reportedly turned down a recent buyout offer, primarily due to a substantial decline in the settlement token's value. Hodlnaut administrators have expressed reservations about the acquisition ...

Nomura’s Laser Digital Launches Bitcoin Adoption Fund Targeting Institutional Investors

Nomura's digital asset subsidiary, Laser Digital Asset Management, has introduced the Bitcoin Adoption Fund, targeting institutional investors. This Bitcoin (BTC)-based fund represents the first in a series of digital adoption investment solutions that the firm plans to launch. Nomura, a Japanese fi ...

Bitcoin’s Open Interest Surges by $1 Billion Amid Speculation of Whale Accumulation

Bitcoin's open interest on derivatives exchanges saw a sudden surge of $1 billion on September 18, leading some to speculate that whales were accumulating in anticipation of the unsealing of Binance's court filings. However, a closer look at derivatives metrics suggests a more nuanced picture. Th ...

“Bollinger Bands Indicator Signals Potential Upside Volatility for Bitcoin (BTC)

The Bollinger Bands indicator, created by John Bollinger, suggests that Bitcoin (BTC) could experience fresh upside volatility, potentially leading to a breakout. This conclusion comes after Bitcoin recently hit new highs for September and challenged resistance levels not seen since mid-August. T ...

CoinEx Cryptocurrency Exchange Hit by $70 Million Hack – Investigation Points to North Korean Hackers

Hong Kong's cryptocurrency exchange, CoinEx, recently disclosed a security breach resulting in hackers making off with more than $70 million in tokens. CoinEx has been actively investigating the incident and is working on deploying a new wallet system to restore both user access and platform functio ...

Ethereum Surpasses Bitcoin in Daily Active Addresses: Growing Importance in DeFi and Smart Contracts

Recent data reveals a significant increase in the daily usage of the Ethereum network, with Ethereum surpassing Bitcoin in terms of daily active addresses. On September 13th, Ethereum recorded more than 1 million daily active addresses, while Bitcoin had 743,800, and the BNB chain had 1.02 million. ...

Analyst Who Predicted 2022 Bitcoin Bottom Sees Potential for New High in 2023

An analyst known as DonAlt, who correctly predicted the bottom of the Bitcoin (BTC) market in 2022, believes that BTC has the potential to experience a significant rally and reach a new yearly high in 2023. DonAlt suggests that if Bitcoin breaks through the current resistance level, it could target ...

Crypto Analyst Benjamin Cowen Predicts Continuing Struggles for Altcoins Against Bitcoin (BTC)

Renowned crypto analyst Benjamin Cowen believes that altcoins will continue to struggle against Bitcoin (BTC) in the near future. In a recent video, Cowen highlighted a bearish trend where altcoins face significant losses when measured against Bitcoin, particularly in the lead-up to Bitcoin halving ...

Bitcoin and Ethereum Exchange Supplies Decrease as Tether (USDT) Supply Rises

A recent report from the blockchain intelligence firm Santiment highlights changes in the exchange supplies of Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). According to the report, the exchange supplies of both Bitcoin and Ethereum have continued to decrease, suggesting that traders are holding ...

Rumors of BlackRock Shifting from Bitcoin to XRP Lack Credible Sources

The recent buzz about BlackRock, the world's largest asset manager, supposedly changing its digital currency strategy from Bitcoin to XRP, has been scrutinized and found to lack credible sources. The excitement within the XRP community appears to be based on unwarranted rumors. The origin of this ...

Bitcoin Price Surges Above $26,800 in September, Profits Taken Amid Bullish Momentum

Bitcoin experienced a price spike, rising above $26,800, signaling the resilience of bulls in a historically challenging September. However, as the price increased, profit-taking also surged, reaching its highest level in two months. On-chain data from market intelligence platform Santiment revealed ...

Bitcoin Investment Strategies: Is September a Good Time to Buy?

Ashley Prosper, a prominent member of the XRP community, recently shared an issue he faced on the Uphold cryptocurrency exchange. When attempting to withdraw crypto assets to various wallets, he encountered an error message stating, "Sorry, your transaction could not be processed. There was an issue ...

Is September a Good Time to Buy Bitcoin? Factors to Consider

The decision to buy Bitcoin in September should be made after considering several factors, acknowledging the inherent volatility and risks associated with cryptocurrency investments. Here are key points to consider: Bitcoin's Current State: At the time of writing, Bitcoin is trading at $26,647, w ...

Cryptocurrency Market Shows Resilience Amid Economic Worries on September 15

On September 15, there was a positive momentum in the cryptocurrency market, even in the face of hotter-than-anticipated economic data and inflation concerns. Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Tron (TRX) maintained their positive performance. ...

BTC Price Shows Signs of Recovery Amidst Persisting Challenges

BTC Price Shows Signs of Recovery, but Challenges Persist Bitcoin (BTC) price is showing signs of recovery after testing the $25,000 support level earlier in the week. Despite ongoing market concerns and low liquidity, some investors are cautiously optimistic about Bitcoin's potential to reach $2 ...

Bitcoin’s Ascending Trajectory: Paving the Way to $200,000?

Bitcoin's Ascending Trajectory: Paving the Way to $200,000? In the unpredictable realm of cryptocurrencies, Bitcoin has displayed remarkable consistency by adhering to a long-term upward trendline dating back to 2017. At each approach to this trendline, it has elicited robust bullish responses, b ...

Bitcoin Recovers from Black Swan Event, On-Chain Data Reveals

Bitcoin (BTC) has shown remarkable resilience in the face of what on-chain data is calling a "black swan" event. This event has drawn comparisons to the significant crash that occurred in March 2020 during the early days of the COVID-19 pandemic. On-chain analytics platform CryptoQuant recently h ...

Bitcoin Retreats from $26,400 High: Cryptocurrency Market Recap

Crypto analyst Michaël van de Poppe has shared his perspective on Bitcoin (BTC), suggesting the potential for a final corrective move downward in the cryptocurrency's price. In a recent video addressed to his substantial YouTube following of 162,000 subscribers, Van de Poppe posits that Bitcoin migh ...

Bitcoin Retreats from $26,400 High: Cryptocurrency Market Recap

Bitcoin recently surged to a multi-day peak surpassing $26,400, though this ascent proved to be short-lived, as the cryptocurrency has since retraced to its familiar position below $26,000. The broader altcoin market is also displaying slight declines today, with assets like Binance Coin (BNB), C ...

Price analysis 9/8: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

The bulls tried to shake Bitcoin (BTC) from its slumber on Sept. 7 but the rally was short-lived. This suggests a lack of clarity between the bulls and the bears about Bitcoin’s next directional move. Analyst CryptoCon said on X (formerly Twitter) that Bitcoin could remain in a “mid cycle lull” u ...

The Fed could lose $100B — Does this spell catastrophe for Bitcoin?

On this week's episode of “Macro Markets,” Cointelegraph analyst Marcel Pechman delves into a thought-provoking discussion on the United States Federal Reserve’s financial woes. Pechman opens by highlighting how the Fed is grappling with staggering losses and emphasizes a fundamental macroec ...

Bitcoin energy value metric puts BTC’s ‘fair value’ at $47K — Analyst

Bitcoin (BTC) price is trading in a frustratingly tight range between $25,500 and $26,500, leaving traders unsure of the next direction that asset could take.However, Charles Edwards, founder of Capriole Investments, believes that Bitcoin’s current price presents a low-risk long-term ...

10 years later, still no Bitcoin ETF — but who cares?

The first spot Bitcoin exchange-traded fund (ETF) application, filed in July 2013, was denied in both 2017 and 2018. A decade has passed since that initial application, and the Securities and Exchange Commission has rejected more than a dozen additional applications and repeatedly punted the date ...

Human vs. AI: Who is better at crypto investing?

Cointelegraph video journalist and YouTube host Giovanni Pigni challenged ChatGPT to a crypto investment game. Both contenders had $100 to build a strong crypto portfolio and make as much money as possible in two weeks. The goal of the experiment was to find out whether artificial int ...

CFTC fines Mirror Trading $1.7B for Bitcoin-related forex fraud

The United States regulators have finally taken steps to resolve an enforcement case against the collapsed Mirror Trading International (MTI).The United States District Court for the Western District of Texas has ordered MTI to pay $1.7 billion in restitution to victims for operating a fra ...

Bitcoin liquidates $23M in shorts as BTC price tags new September high

Bitcoin (BTC) extended volatility into the Sep. 8 Wall Street open as a classic “short squeeze” sparked new September highs.BTC/USD 1-hour chart. Source: TradingViewBitcoin offers a round trip to $24,400Data from Cointelegraph Markets Pro and TradingView showed BTC price ...

Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report

The former CEO of Turkish crypto exchange Thodex, Faruk Fatih Özer, was sentenced to 11,196 years in prison by a Turkish court on charges of "establishing, managing and being a member of an organization", "qualified fraud", "laundering of property values".The Anatolian 9th High Criminal Co ...

Bitcoin all-time high in 2025? BTC price idea reveals ‘bull run launch’

Bitcoin (BTC) is about to test hodlers with a “mid cycle lull” before starting a bull run in late 2024, a new BTC price model states.According to its creator, popular analyst CryptoCon, the “November 28th Cycles Theory” demands the BTC price all-time high in 2025.Countdown to BTC price ...

The Future of Bitcoin: Insights from Industry Leaders

The Future of Bitcoin: Insights from Industry Leaders Bitcoin’s Evolution and the Road Ahead The journey of Bitcoin has been nothing short of remarkable. From obscurity to mainstream recognition, it has endured skepticism, volatility, and regulatory scrutiny. Yet ...

Hedge Fund Insights: ARK Invest’s 2023 Economic Analysis and Cryptocurrency Outlook

2023 has been a whipsaw year for investor sentiment and even though equities markets have defied expectations, a recent report from ARK Invest highlights reasons why the remainder of 2023 could present several economic challenges. ARK manages $13.9 billion in assets, and its CEO, Cathie Wood, is ...

Stake hack of $41M was performed by North Korean group: FBI

The $41 million hack of crypto gambling site Stake was carried out by the North Korean Lazarus Group, the Federal Bureau of Investigation (FBI) stated in an announcement on Sept. 7. This group has stolen more than $200 million of crypto in 2023, the announcement stated. ...

‘NFTs will win on Bitcoin’ — OnChainMonkey NFT collection ditches Ethereum

The team behind nonfungible token collection OnChainMonkey is shifting its entire collection of 10,000 NFTs from Ethereum to Bitcoin, in a massive undertaking expected to take several months. "A historical transition is on the horizon as we prepare to migrate our flagship collection, OCM G ...

Bitcoin price faces 200-week trendline as US dollar hits 6-month high

Bitcoin (BTC) hugged a key long-term trendline on Sep. 7 as U.S. dollar strength hit its highest in six months.BTC/USD 1-hour chart. Source: TradingViewBitcoin vs. 200-week moving average forms "million dollar question"Data from Cointelegraph Markets Pro and TradingView showed BTC p ...

Bitcoin price can hit $46K by 2024 halving — Interview with Filbfilb

Bitcoin (BTC) has a chance to end 2023 at $35,000 despite heading lower in between, veteran analyst Filbfilb believes.In his latest interview with Cointelegraph, the co-founder of trading suite Decentrader reveals some BTC price targets that should resonate with the long-term holder base. ...

FASB rules ‘eliminate the poor optics’ that shied firms from crypto: Analyst

The United States Financial Accounting Standards Board’s new rules for crypto accounting will eliminate the “poor optics” that plagued companies holding digital assets, according to analysts from Berenberg Capital.On Sept. 6, the U.S. Financial Accounting Standards Board (FASB) approved ne ...

VanEck, ARK filings ‘officially’ start clock for spot Ethereum ETFs: Analyst

The race for the United States’ first spot Ethereum exchange-traded fund has officially begun after new 19b-4 filings by the Chicago Board Options Exchange (CBOE), which will "ultimately start the clock" for an SEC decision.  On Sept. 6, the CBOE filed two 19b-4 appli ...

VC Roundup: Enterprise blockchain, Bitcoin staking and Web3 pique investors’ interest

The sharp increase in global interest rates may have limited investors’ appetite for crypto ventures, but new projects are still flourishing and attracting capital to speed up growth. Data from the Cointelegraph Research Venture Capital Database shows June closed out with a 29.73% decrease ...

Grayscale Bitcoin Trust’s alleged wallet addresses released by Arkham

Blockchain analytics platform Arkham Intelligence claims to have identified the addresses of the Grayscale Bitcoin Trust. The trust consists of more than 1,750 addresses holding a total of over $16 billion worth of Bitcoin (BTC), according to a Sept. 6 thread on X (formerly Twitter). Arkham claim ...

Bitcoin short-term holders capitulate as data highlights potential generational buying opportunity

Bitcoin (BTC) price action suggests that the asset remains in a precarious position and a recent report from ARK Invest said that short-term Bitcoin investors had no choice but to capitulate in August as the percentage of Bitcoin supply in profit fell by 14 percentage points. Bitcoin mar ...

Riot Platforms says Texas energy strategy reduced production costs by $31M

Bitcoin miner Riot Platforms mined fewer Bitcoin (BTC) in August than July, but received over $31 million in power credits. That is the equivalent of around 1,136 BTC, CEO Jason Les pointed out in a statement.Riot received an estimated $24.2 million in power curtailment credits under its c ...

Price analysis 9/6: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Bitcoin (BTC) has been trading between $25,333 and $26,156 since Sep. 1. Typically, a volatility squeeze is followed by an expansion in volatility but it is difficult to predict the direction of the breakout with certainty. CoinGlass data shows that Bitcoin has fallen for six consecut ...

Bitcoin bids move to lowest since March as BTC price dips under $25.7K

Bitcoin (BTC) bullish momentum is “fading” as liquidity shifts preempt a volatile move, new analysis warns.In an X post on Sep. 6, Keith Alan, co-founder of monitoring resource Material Indicators, flagged fresh shifts on the Binance order book.Analyst: Bitcoin bulls and ...

Top Binance execs in Russia leave as firm considers exiting the market

Gleb Kostarev, Binance's head of Eastern Europe and Russia, took to Facebook on Sept. 6 to announce its departure from Binance.In his Russian-language announcement, Kostarev said that today marks the last day of his long-running work at Binance, adding:“I am stepping down a ...

Here’s why Bitcoin will hit $22K soon

In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman explores the drivers that point to Bitcoin heading to $22,000, with investor sentiment worsening after Grayscale Investment’s much-hyped legal victory against the United States Securities and Exchange Commissi ...

Coinbase launches crypto lending platform for US institutions

Cryptocurrency exchange Coinbase has rolled out a crypto lending service for institutional investors in the United States, reportedly aiming to capitalize on massive failures in the crypto lending market.Coinbase has quietly launched an institutional-grade crypto lending platform, Coinbase ...

Marathon’s Bitcoin mining rate fell 9% in August

Marathon Digital Holdings, a United States-based crypto mining operator, produced 1,072 Bitcoin in August. This is 9% less than in July, but still five times more than in August 2022. On Sept. 5, Marathon shared the unaudited BTC production and miner installation updates for August. A ...

Colombian Bitcoiner aims to orange-pill coffee lovers one bean at a time

José Luis Garcia is a coffee-lover and entrepreneur trying to make his mark in the city of Medellín — the birthplace of Colombia’s modern coffee industry. Since the October launch of his start-up Lightning Koffee, Garcia has two goals in mind: Make a decent c ...

Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs

The potential of a spot Bitcoin (BTC) exchange-traded fund (ETF) approval to drive prices up is dramatically underestimated by the crypto market, claim analysts from crypto research firm K33 — formerly Arcane Research. In a Sept. 5 market report, K33 senior analyst Vetle Lunde and vic ...

Report suggests 6 billionaire crypto traders earned their fortunes from Bitcoin

A report released by London-based investment migration consultancy firm Henley & Partners suggests there were more than 40,000 crypto millionaires in the world holding Bitcoin (BTC). According to the ‘Crypto Wealth Report’ published on Sept. 5, Henley & Partners said there wer ...

Bitcoin range trades as volatility subsides, will TON, LINK, MKR and XTZ follow?

Bitcoin (BTC) tried to break out of its range last week, but the bulls could not sustain the higher levels. Bitcoin is back inside the range and is trading near the $26,000 level. The price action of the past few days has formed two successive Doji candlestick patterns on the weekly chart, indica ...

Bitcoin price metric copies move that last came before -25% FTX crash

Bitcoin (BTC) could have dropped much more last week after one on-chain metric repeated its move from the FTX crash.As noted on Sep. 5 by James Straten, research and data analyst at crypto insights firm CryptoSlate, the SLRV Ratio has “flipped” for the first time since November 2022.Bi ...

El Salvador to introduce Bitcoin education in schools by 2024

The Ministry of Education of El Salvador and the non-profit, non-governmental organization Mi Primer Bitcoin/My First Bitcoin (MPB/MFB) partnered to add Bitcoin (BTC) education to public school curriculum by 2024. John Dennehy, the founder of MPB confirmed to Cointelegraph that this ...

40% of crypto trading platforms are decentralized: World Federation of Exchanges

A report from the World Federation of Exchanges (WFE) noted that 40% of the crypto trading platforms are decentralized and make use of distributed ledger technology. On the other hand, the majority, or 60%, of platforms make use of Central Limit Order Books (CLOBs), quite similar to regulated exc ...

Jack Dorsey’s ₿trust acquires African Bitcoin organization Qala

₿trust, a non-profit organization funded by Twitter (now X) co-founder and Bitcoin (BTC) advocate Jack Dorsey, is scaling up its programs in Africa with a new acquisition.The non-profit has acquired Qala, an organization dedicated to training Bitcoin and Lightning engineers in Africa. The ...

Crypto collapses generate hundreds of millions of dollars for lawyers

The legal industry has emerged as a major winner amid cryptocurrency collapses like FTX and Celsius, generating hundreds of millions of dollars for lawyers.Lawyers, accountants, consultants, analysts and other professionals have collected at least $700 million in fees from the bankruptcies ...

South Korean Hana Bank enters crypto custody business with BitGo

One of the largest South Korean banks, Korea Exchange Bank (KEB Hana Bank), is moving to offer digital asset custody services through a new partnership with major cryptocurrency custody firm BitGo Trust Company.KEB Hana Bank has signed a strategic business agreement with BitGo to jointly e ...

BTC bull market began in March, more will realize in a year: Arthur Hayes

Bitcoin (BTC) has been on a bull run for the past six months or so and the market is yet to respond — but it will in around six to 12 months, according to BitMEX co-founder and former CEO Arthur Hayes.In a Sept. 5 keynote speech at Korea Blockchain Week, Hayes argued Bitcoin’s bull run beg ...

Micro $3 Bitcoin miners won’t make bank, but that’s not the point: Inventors

While lacking in performance, micro Bitcoin mining devices should be seen as a stand against the Bitcoin ecosystem’s purportedly biggest flaw, its inventors argue.Micro Bitcoin mining devices — often open-source and pocket-sized — have been serving a niche part of the mar ...

Grayscale victory, SEC delays decision on Bitcoin ETFs: Law Decoded

On Aug. 29, crypto asset manager Grayscale Investments scored a major victory against the United States Securities and Exchange Commission in its efforts to convert its over-the-counter Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund (ETF). The U.S. Court of Appeals Circ ...

Price analysis 9/4: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON

The United States' equities markets are on a recovery path. The S&P 500 Index (SPX) surged 2.50% last week to record its best week since June. Even though Bitcoin (BTC) also attempted a relief rally, the bulls could not sustain the higher levels. In the end, Bitcoin finished the week with a m ...

Bitcoin futures data hints at $22K as the next logical step

A Bitcoin (BTC) price correction down to $22,000 is becoming increasingly likely as BTC derivatives have begun to exhibit bearish tendencies.The price chart of Bitcoin leaves little doubt that investor sentiment worsened after the much-hyped victory by Grayscale Asset Manager aga ...

Australian lawmakers send back crypto bill by Andrew Bragg

Australia’s Senate Committee on Economics Legislation has finally provided feedback to the cryptocurrency bill introduced by senator Andrew Bragg.The committee on Sept. 4 reported on the draft bill referred to as “The Digital Assets (Market Regulation) Bill 2023,” asking the bill authors t ...

Bitcoin ETF applications: Who is filing and when the SEC may decide

The race to list the first spot-traded Bitcoin (BTC) exchange-traded fund (ETF) in the United States has seen the entrance of major financial institutions like BlackRock, Fidelity and VanEck. While the U.S. Securities and Exchange Commission (SEC) first approved a Bitcoin-linked Futur ...

OKX crypto exchange enters final stage of Hong Kong VASP license application

OKX cryptocurrency exchange has entered the final stage before acquiring a virtual asset service provider license (VASP) in Hong Kong. The crypto exchange expects the final approval for a VASP license by March 2024.In an interview, Li Zhikai, the global chief commercial officer of OKX,&nbs ...

Binance head of product quits as executive exodus continues

Cryptocurrency exchange Binance continues to lose some of its key executives amid increasing scrutiny of the platform from regulators around the world.Binance head of product Mayur Kamat has confirmed he is leaving the crypto exchange after nearly two years.“It is time for me to ste ...

Bitcoin flatlines again but TON, LINK, MKR, XTZ are poised for up-move

Bitcoin (BTC) tried to break out of its range in the first half of last week but the bulls could not sustain the higher levels. Bitcoin is back inside the range and is trading near the $26,000 level. The price action of the past few days has formed two successive Doji candlestick patterns ...

99% of Nigerians are crypto aware — ConsenSys report

A global survey featuring respondents from 15 countries indicates that Africa’s largest economy, Nigeria, has the most cryptocurrency-aware population in the world.ConsenSys and YouGov released the findings from the global Web3 perception survey, which sought to provide both ...

Weekly close risks BTC price ‘double top’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) launches its first full week of September with BTC price action at a crossroads — can $26,000 return?After a quiet weekend, the dust has appeared to settle on last week’s volatility as crypto markets return to “business as usual.”Bitcoin finds i ...

Bitcoin chart highlights $24.7K as analyst says ‘nothing has changed’

Bitcoin (BTC) stayed below $26,000 into the Sep. 3 weekly close as analysis brushed off overly bearish trader sentiment.BTC/USD 1-day chart. Source: TradingViewBTC price weekly close puts $25,900 in focusData from Cointelegraph Markets Pro and TradingView showed BTC price avoiding volatili ...

Attorney outlines Ripple-SEC settlement path amid Coinbase case impact

Amidst speculation regarding a potential resolution between Ripple and the United States Securities and Exchange Commission (SEC), attorney John Deaton, representing numerous XRP token holders, has outlined the possible steps the two parties might take if they opt for a settlement.Addressi ...

Cathie Wood bullish on Bitcoin and AI convergence

In a recent Twitter post, Cathie Wood, CEO of Ark Invest, expressed her positive view on the intersection of Bitcoin (BTC) and artificial intelligence (AI)In her tweet, Cathie Wood subtly hinted at the immense transformative potential inherent in the dynamic synergy between artificial inte ...

Whale Alert sparks speculation as XRP transfers surge

Amidst a series of rapid developments, the XRP cryptocurrency market experiences heightened activity. A recent substantial purchase has been detected by Whale Alert, a renowned crypto-tracking platform.Whale Alert reported a significant transfer of 66,666,659 XRP (approximately $33,065,809 ...

Price analysis 9/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Bitcoin’s (BTC) volatility has increased over the past few days. The price soared on Aug. 29 after Grayscale scored a victory over the United States Securities and Exchange Commission (SEC). However, the euphoria was short-lived as the price gave back all the recent gains on the news that the SEC ...

Bitcoin continues to outperform Warren Buffett’s portfolio, and the gap is set to widen

Warren Buffett, the renowned investor and chairman of Berkshire Hathaway, celebrated his 93rd birthday on Aug. 30. Throughout his lengthy career, he has adhered steadfastly to a value investing strategy that bears some resemblance to the "buy and hold" approach often associated with cryptocurrenc ...

Bitcoin lines up RSI showdown as BTC price slips toward new 2-week low

Bitcoin (BTC) fell further after the Sep. 1 Wall Street open as monthly close losses continued to play out.BTC/USD 1-day chart. Source: TradingViewBTC price "Grayscale hype" disappearsData from Cointelegraph Markets Pro and TradingView followed weakening BTC price performance, which hit it ...

Brazilian crypto streamer loses $50K by accidentally exposing private key

Brazilian cryptocurrency streamer Fraternidade Crypto is one of the latest victims of unsafe self-custody practices, reportedly losing thousands of dollars due to a private key accident.During a live stream on YouTube on Aug. 29, Fraternidade Crypto channel’s owner Ivan Bianco unwittingly& ...

Bitcoin risks ‘swift’ $23K dive after BTC price loses 11% in August

Bitcoin (BTC) is headed for a long-term support retest, data suggests after BTC price action fell into the August monthly close.BTC/USD 1-hour chart. Source: TradingViewBTC price: Roads point to $23,000Reversing gains seen last week, BTC/USD is back below $26,000 as of Sep. 1, data from Co ...

China court declares virtual assets legal properties protected by law: Report

People’s courts in China exercise judicial power independently and are not subject to interference by an administrative or public organization. These courts try criminal, civil, administrative, and cases that involve economic disputes.The report titled "Identification of the Property Attri ...

FTX founder’s expert witnesses would cost up to $1.2K an hour

As the start date of the trial of FTX co-founder Sam Bankman-Fried (SBF) approaches, new court filings indicate that SBF could pay his expert witnesses more than $1000 an hour should they testify on his behalf.SBF may call seven expert witnesses to testify at his fraud trial that is curren ...

Bitwise withdraws Bitcoin and Ethereum market cap ETF application

In an unexpected turn of events, Bitwise has submitted a request to retract its application for the Bitcoin and Ethereum Market Cap Strategy Ethereum Futures Contracts (ETF), initially filed with the Securities and Exchange Commission (SEC) on Aug. 3.While market sentiment turned bullish f ...

Bitcoin heads for red September, but analysts tip October as ‘days to watch’

Bitcoin investors may be in for a rollercoaster ride. While history shows September is typically a bumpy month for Bitcoin — two ETF analysts have suggested investors turn their gaze to mid-October as the next "major days to watch."According to historical data, Bitcoin’s monthl ...

Bitcoin traders wipe Grayscale gains after SEC delays spot ETF decisions

In less than a day, Bitcoin (BTC) has shed nearly all the gains it made from Grayscale Investment's court victory against the United States Securities regulator.On Aug. 29 Bitcoin popped to a two-week high after a judge ruled that the Securities and Exchange Commission was “arbitrary ...

BlackRock’s Bitcoin ETF to be the 7th application delayed by SEC today

The United States Securities and Exchange Commission has delayed an application for a Bitcoin exchange-traded fund from global asset manager BlackRock.The asset manager, which is said to have 8.5 trillion of assets on its books, has had its iShares Bitcoin Trust delayed, aimed at offe ...

SEC delays decision on spot Bitcoin ETF applications from WisdomTree, Invesco, and Valkyrie

The United States Securities and Exchange Commission (SEC) has postponed its decision on WisdomTree’s Bitcoin Trust first filed on Dec. 8 2021. The institutional giant refiled its ETF application on July 19, 2023 with the first deadline approaching.WisdomTree’s Bitcoin ETF proposal didn’t ...

CME Bitcoin trading volume surpasses Bybit, but is it impacting BTC price?

The Chicago Mercantile Exchange (CME) introduced its Bitcoin (BTC) futures contract in December 2017. This was around the same time that BTC had reached an all-time high of $19,800, but by late 2018 the price had dropped to $3,100. Investors in cryptocurrencies quickly learned that CME derivative ...

When will it be too late to invest in Bitcoin?

On the latest episode of Cointelegraph’s Market Talks, host Ray Salmond spoke with Luke Broyles, a popular Bitcoin (BTC) advocate and content creator on YouTube and X (formerly Twitter). During the show, Broyles laid out his Bitcoin investment thesis and his unique perspectives on how the asset’s ...

No, Bitcoin is not in its ‘longest ever bear market’ — Here’s why

Cryptocurrencies like Bitcoin (BTC) are not in their “longest ever bear market” and probably are not even in a bear market at all, according to some industry observers.MN Trading founder Michaël van de Poppe took to X (formerly Twitter) on Aug. 27 to claim that Bitcoin is currently in its ...

Breaking victim ‘trust’ in scammer is key to beat crypto scams, exchanges say

Cryptocurrency exchanges in Australia have been increasingly communicating with their users as part of preventative measures for scams. According to local crypto firms, such communication is the key to preventing scams as it is able to “break trust” between victims and scammers.Executives ...

Can institutional investors like BlackRock trigger the next big Bitcoin rally? –– Q&A with OANDA

Following a challenging year in 2022, positive signals are emerging for the future of Bitcoin (BTC). In July, Bitcoin’s value surged past $30,000, a noteworthy development attributed to asset manager BlackRock’s move to file for a Bitcoin exchange-traded fund (ETF) through the United State ...

Arkham IDs Robinhood as 5th-largest ETH holder

Crypto analytics platform Arkham Intelligence has revealed financial services company and crypto trading platform Robinhood as a leading holder of Ether (ETH) and the owner of the fifth-largest ETH wallet, which contains about $2.54 billion of the cryptocurrency.Arkham stated on X (fo ...

Bitcoin price holds 200-day trend line as trader predicts low is in

Bitcoin (BTC) is retaining this week’s gains — and some traders are doubling down on their bullish BTC price bets.BTC/USD 1-hour chart with 200-day EMA. Source: TradingViewTrader: Bitcoin price may have bottomedA key moving average is buoying low-timeframe BTC price action, which continues ...

Cambridge Bitcoin Electricity Consumption Index updated to reflect hardware distribution and hashrate increases

Researchers behind the well-known Cambridge Bitcoin Electricity Consumption Index (CBECI) have officially revised its methodology to enhance the accuracy and reliability of the Index’s estimates for the first time since its inception in 2019.The CBECI was launched in July 2019 in an effort ...

Vivek Ramaswamy: Grayscale win ‘clears a path’ for Bitcoin innovation

United States presidential candidate Vivek Ramaswamy has lauded Grayscale’s recent victory over the federal securities regulator, arguing the decision will help keep Bitcoin and blockchain innovation from going overseas. In an Aug. 30 post on X (formerly Twitter) the pro-Bitcoin Repu ...

Bitcoin ETFs have 75% chance of approval this year: Bloomberg analysts

Bloomberg analysts have raised the probability for an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, following a recent Grayscale victory against the federal securities regulator. In a Aug. 30 post on X (Twitter), Bloomberg senior ETF analyst Eric Balchunas said they ...

No, Bitcoin withdraws from exchanges is not inherently bullish for crypto

Crypto analysts on X (the social media platform formerly known as Twitter) and YouTube interviews have been abuzz with talk about the trend of Bitcoin leaving centralized exchanges.On Aug. 29, the quantity of Bitcoin (BTC) held within exchanges saw a decline, reaching its lowest point sinc ...

Price analysis 8/30: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Bitcoin (BTC) led the cryptocurrency markets higher on Aug. 29 following Grayscale’s victory in the lawsuit against the United States Securities and Exchange Commission. However, the rally could not be sustained as analysts cautioned that the victory did not guarantee the approval of a spot Bitco ...

Bitcoin analysts doubt BTC price rally as $23K target gains popularity

Bitcoin (BTC) drifted toward $27,000 after the Aug. 30 Wall Street open as the dust settled on digital asset manager Grayscale’s legal victory.BTC/USD 1-hour chart. Source: TradingViewBTC buyer interest remains lowData from Cointelegraph Markets Pro and TradingView showed BTC price cooling ...

Genesis lenders call DCG agreement ‘wholly insufficient’

The lenders of the bankrupt cryptocurrency lender Genesis are not satisfied with the latest in-principle settlement agreement with other parties including the Digital Currency Group (DCG).The Ad Hoc Group of Genesis Global Capital (GGC) lenders — represented by lawyers Brian Rosen and Jord ...

Coinbase stock surges after favorable federal ruling for Grayscale

Coinbase's stock experienced a significant surge on Aug. 29 after reports emerged that a federal judge had ruled in favor of Grayscale in their SEC legal dispute.In the final moments of the trading session on Tuesday, Aug.29, the value of COIN stood at $85.13 per share, marking an increase ...

Will Evergrande’s collapse have a silver lining for crypto?

On the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Even though there’s still no decision regarding the firm’s application for a spot Bitcoin (BTC) exchange-traded fund, ...

Nigeria’s Patricia crypto exchange seeks to explain its token amid confusion

The announcement of Patricia Token (PTK) by Nigerian crypto exchange Patricia was greeted by users with scepticism and some suspicion, as they took to social media to question the motives behind the move. Now, in a response to that reaction, the crypto exchange company has released a white p ...

South Korean parliament rejects motion to expel lawmaker over crypto scandal

South Korea’s parliamentary ethics subcommittee has voted down a motion to expel Kim Nam-kuk, a former member of the main opposition Democratic Party.A parliamentary ethics subcommittee of South Korea has voted down a motion to expel Kim Nam-kuk, a former member of the main opposition Demo ...

Google Cloud to digitize El Salvador’s governance, healthcare and education

Google Cloud announced a new partnership with the government of El Salvador on Aug. 29 to establish an office and provide Google Distributed Cloud (GDC) services in the country. The partnership aims to digitize the country, update government services and improve the healthcare and edu ...

GBTC Bitcoin ‘discount’ may be gone by 2024 as share price gains 17%

Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC) could erase its BTC price “discount” in 2024.In an X post on Aug. 30, monitoring resource CoinGlass predicted that the so-called “GBTC premium” would soon return.GBTC price: From "elevator t ...

Hong Kong’s first licensed retail crypto exchange HashKey eyes 2024 bull run

Hong Kong retail cryptocurrency traders now have access to a locally based cryptocurrency exchange after HashKey took its retail trading services live to users in China’s special administrative region on Aug. 28.The company was previously permitted to serve professional and insti ...

SEC’s first deadlines to approve 7 Bitcoin ETFs coming over the next week

The United States Securities and Exchange Commission is facing its first deadlines to decide on seven new Bitcoin (BTC) spot exchange-traded fund applications with the latest being Sept. 4 amid its defeat to Grayscale Investments in a U.S. federal appeals court.Investment firm Bitwise will ...

Elon Musk’s X moves closer to crypto payments with new state license

Rhode Island’s regulators have granted X (Twitter) a currency transmitter license marking a step forward for the company’s foray into the financial services sector. The license is legally required for companies conducting financial activities on behalf of users related to sending and ...

Chinese gov’t fires up the printer — How will it impact Bitcoin price?

News headlines have recently covered how China's struggling economy poses significant risk to global growth. Economic activity and the flow of credit in the region are weakening and analysts are not convinced that the Chinese government’s interventions are a sufficient fix for what appear to be s ...

Researchers develop Crypto Literacy Scale to measure consumer financial awareness

A trio of researchers from the University of Cincinnati recently developed a Crypto Literacy Scale (CLS) to help standardize and measure economic and financial knowledge as it relates to consumer and policy-maker understanding of cryptocurrencies and related technology.The team’s research ...

BTC price jumps to 2-week highs on Grayscale vs. SEC Bitcoin ETF win

Bitcoin (BTC) neared two-week highs on Aug. 29 as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators.BTC/USD 1-day chart. Source: TradingViewSEC was "arbitrary and capricious" with Bitcoin ETF rejectionData from Cointelegraph Markets Pro and Tr ...

Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining

Nasdaq-listed Iris Energy has bought 248 state of the art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative AI in addition to its core business focus on Bitcoin mining.The firm expects to receive delivery of the 248 GPUs in the coming months and plans to d ...

Bitcoin metric with ‘100% long hit rate’ predicts $23K BTC price floor

Bitcoin (BTC) may offer investors a rare chance to buy at a support zone with a “100% long hit rate,” new analysis says.In its latest update piece on Aug. 29, crypto asset manager Capriole Investments told investors to watch for a BTC price dip to $24,000.Capriole founder “very confide ...

Indian crypto exchanges CoinSwitch, CoinDCX cut staff amid market slump

CoinSwitch crypto exchange is the latest crypto trading platform in India that cut its workforce amid the prolonged cryptocurrency winter, the local news agency Moneycontrol reported on Aug. 28.The Indian crypto exchange has reportedly laid off 44 employees from its customer support divisi ...

Canaan’s 2Q mining revenue jumps 43% on 1Q, but net loss climbs 31%

Bitcoin mining company Canaan announced its unaudited financial results for Q2 2023, showing growth in computing power sold and BTC mining revenues while it tackled a significant net loss of $110 million. up 31% on Q1.The NASDAQ-listed company outlined a variety of reasons influencing incr ...

Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer

The first-ever spot Bitcoin ETF, launched on the European market, has been defined as an Article 8 fund by its issuer firm, London-based Jacobi Asset Management. Funds included under Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) are those that “promote environmental a ...

Argo Blockchain cuts 2022 debt by half, down to $75M

The mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly-competitive mining ecosystem, reported half year net losses of $18.8 million in 2023, down over 50% from a net loss of $39.6 million in H1 2022.Argo also notes that it has r ...

Criticism Arises Over New Crypto Tax Rules Proposed by President Biden

Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States president Joe Biden. On Aug. 25, in an effort to catch crypto users avoiding taxes, the Internal Revenue Services (IRS) proposed brokers follow new rules for selling and tr ...

Bitcoin Price Analysis: Orbiting Key Levels on 27 August 2023

Bitcoin Price Analysis: Orbiting 26034 Level – 27 August 2023 Bitcoin (BTC/USD) remained confined to a tight range early in the Asian session as the pair orbited the 26034.43 area, right around the 38.2% retracement of the appreciating range from 2 ...

Hashdex Enters Competition for Bitcoin ETF Spot with Unique Approach

Hashdex, a crypto asset management company, has joined the competition for a spot Bitcoin (BTC) ETF in the United States. The firm, known for its global leadership in crypto asset management, has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin futures E ...

Unprecedented Transfer: 30,000 Bitcoins Moved to Cold Storage in Just One Week

Unprecedented Move: 30,000 Bitcoins Transferred to Cold Storage in Just One Week 30,000 Bitcoins moved to cold storage in the past week. Activity suggests potential preparation for market changes. Move could indica ...

Bitcoin Slips Below $26K as Fed’s Powell’s Hawkish Remarks Impact Market

Bitcoin Dips Below $26K, Smaller Cryptos Head Lower on Fed's Powell's Hawkish Remarks Bitcoin (BTC) has slipped below $26,000 on Friday as investors have digested U.S. Federal Reserve Chair Jerome Powell's continued com ...

Bitcoin and the Creator Economy: Liberating Content Monetization with Lightning

Why The Creator Economy Needs To Run On Bitcoin This is an opinion editorial by Joël Kai Lenz, a professional content writer focused on Bitcoin and the Lightning Network, and host of the “Rabbit Hole Stories” podcast. I ...

Sailing the Seas for Bitcoin: Captain Paints Giant ‘B’ on Boat for Crypto Promotion

Bitcoin sails the seas: sailor paints giant 'B' on boat to promote crypto across the ocean There are some passions that are larger than life, some so expansive that they cover the seven seas. For Rémi, a captain from Bruss ...

CivKit: Empowering Permissionless and Unstoppable P2P Bitcoin Marketplaces

Peer-to-peer Bitcoin (P2P) marketplaces remain an important cog in allowing users to move money across borders, but their future depends on becoming permissionless and unstoppable according to Paxful's Ray Youssef. Youssef, alongside Nicolas Gregor ...

Bitcoin’s Mainstream Moment: A Quiz Show Surprise

Mastercard and Binance end crypto card partnership in four countries: Reuters Mastercard and crypto exchange giant Binance are ending crypto card programs in Argentina, Brazil, Colombia and Bahrain, Reuters reported. The cessation, set for Sept. ...

Bitcoin’s Mainstream Moment: A Quiz Show Surprise

Bitcoin Steals Spotlight on German Quiz Show Bitcoin recently found its way into mainstream German entertainment, capturing the spotlight on the popular quiz show "Gefragt – Gejagt," which airs on ARD, a German public-service broadcaster. ...

Analyzing Bitcoin’s Correlation with Various Asset Types

The financial media often points out Bitcoin’s (BTC) correlation to Big Tech. “Bitcoin is trading like a tech stock” is a common narrative alongside BTC’s often acute inverse relationship with the United States dollar. But are these correlations set in stone, and can they help predict future pric ...

Bitcoin Network Fundamentals Remain Strong Despite Price Drop

Bitcoin (BTC) network fundamentals are in no mood to follow bearish BTC price action this week. The latest on-chain data confirms that difficulty has hit new all-time highs, with hash rate not far behind. Bitcoin mining difficulty ends slump Despite BTC/USD droppin ...

Mysterious Bitcoin Wallet Accumulates $3 Billion in 3 Months: BlackRock Connection?

A mysterious Bitcoin wallet has surged up the ranks to become the third-largest holder of Bitcoin (BTC) in the world in just over three months, with the timing sparking some wild theories about its owner. According to data from crypto statistics platform BitInfoCharts, the wallet address first re ...

Doubts Cast on BRICS Common Currency Proposal by Macroeconomist

Macroeconomist Lyn Alden has cast doubt on a proposal that would see five countries work together to develop a common BRICS currency — arguing it will likely struggle to get off the ground and fail to dethrone the United States dollar. In an interview with Cointelegraph just days before the BRICS ...

South Korean City Plans Confiscation of Cryptocurrency from Tax Delinquents

The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents. The administration of Cheongju has requested seven South Korean crypto exchanges to inquire into holdings of thousands of tax evaders, ...

Cryptocurrency Analyst DonAlt Predicts Bearish Trend as Bitcoin Sellers Gain Dominance

A popular cryptocurrency analyst under the pseudonym DonAlt believes that the market is once again in a bearish trend and it is bitcoin sellers who are now playing a dominant role. In a new YouTube video, the analyst said that bitcoin's drop to $26 000 accurately indicates that "the bears are onc ...

Dramatic Decline in Bitcoin Ordinals NFT Activity Sparks Concerns

DappRadar has pointed to an “alarming plunge” in Bitcoin Ordinals nonfungible token (NFT) user activity, with trading volumes tanking around a whopping 98% since May. In an Aug. 17 report, DappRadar highlighted its data showing that the total Bitcoin Ordinals sales volume had decreased from peak ...

Bitcoin’s Sudden Drop and Market Reactions: A Recap

On the night of August 17, the price of the first cryptocurrency fell about 8% in just ten minutes, dropping to $25,409. Now the bitcoin exchange rate has risen slightly to $26,493. According to Coinglass data, more than 175,000 market participants have liquidated positions worth more than $1 bil ...

PayPal Integration with Ledger Live Enables Direct Cryptocurrency Purchases

The companies have partnered. The agreement will see PayPal integrated into Ledger Live. Users of the app in the U.S. will be able to buy bitcoin, ether, BCH and LTC directly from a currency account, Ledger noted. Hardware wallet maker Ledger has anno ...

Ledger Partners with PayPal to Integrate Cryptocurrency Purchases on Ledger Live

The companies have partnered. The agreement will see PayPal integrated into Ledger Live. Users of the app in the U.S. will be able to buy bitcoin, ether, BCH and LTC directly from a currency account, Ledger noted. Hardware wallet maker Ledger has anno ...

‘Evidence is piling up’ for a new crypto bull run: Delphi Digital co-founder

Several on-chain metrics and charts are showing signals that could hint at the beginning of a new crypto bull market cycle, according to the co-founder of Delphi Digital.On Aug. 14, institutional crypto research firm Delphi Digital's Kevin Kelly said that crypto markets are cyclical and pr ...

Analysts tip 5 catalysts that could break Bitcoin, crypto from its stupor

A potential wave of spot Bitcoin exchange-traded funds, PayPal’s new stablecoin and a key Ethereum upgrade are among the catalysts that could wake crypto from its hibernation.While early 2023 has seen the price of Bitcoin and other cryptocurrencies improve from the second half of 2022, the ...

Grayscale Bitcoin ETF decision could happen this week, pundits say

Grayscale Investments, which has been seeking to convert its Bitcoin (BTC) trust into a spot Bitcoin exchange-traded fund, could be getting a decision on its lawsuit against the federal securities regulator before the week’s end.In an Aug. 11 tweet, Scott Johnsson, a general partner ...

Price analysis 8/14: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC

Bitcoin has been stuck inside a tight range in August. Glassnode lead on-chain analyst Checkmate highlighted that the spread between the upper and lower Bollinger Bands for Bitcoin has shrunk to 2.9%, its third-tightest ever. Typically, periods of low volatility are followed by a ...

Bitcoin Frontier Fund launches accelerator program for Ordinals startups

The Bitcoin Frontier Fund, formerly Stacks Ventures, launched what it’s calling the first Bitcoin Ordinals accelerator program on Aug. 14.Program InformationThis program is led by VC ...

Bitcoin teases new volatility as BTC price taps 4-day high near $29.6K

Bitcoin (BTC) hit multiday highs after the Aug. 14 Wall Street open as modest volatility trickled through to the market.BTC/USD 1-hour chart. Source: TradingViewBitcoin traders provide “some action” after flat weekendData from Cointelegraph Markets Pro and TradingView tr ...

TeraWulf increases self-mined BTC in Q2, while Hut8 looks to USBTC merger

Bitcoin (BTC) mining firm TeraWulf has seen a drastic increase in BTC rewards since increasing its mining capacity in the first half of 2023.According to the company’s latest quarterly filing with the United States Securities and Exchange Commission, TeraWulf mined a total of 1,441 BT ...

Pro-Bitcoin Javier Milei wins most votes in Argentina primary election

An Argentinian politician with a knack for supporting Bitcoin and calling for the abolishment of his country’s central bank has taken the lead in the country’s presidential primary elections. With over 90% of the votes counted, libertarian pro-Bitcoin (BTC) candidate Javier Mil ...

This scenario could see Gensler replaced by SEC’s Crypto Mom: Former SEC official

The United States’ securities regulator could completely u-turn its approach to crypto enforcement, depending on a key election in the United States in 2024, according to former SEC official John Reed Stark.In an Aug. 13 tweet, the former SEC Office of Internet Enforcement chief pred ...

An ETF will bring a revolution for Bitcoin and other cryptocurrencies

But not everyone’s on board with the crypto ETF train. Critics argue that Bitcoin-linked ETFs could be even worse than centralized exchanges for the crypto market. Their main beef? There’s zero possibility of withdrawing the underlying instrument. This means the holders are never able to take adv ...

Bitcoin’s sideways price action leads traders to focus on SHIB, UNI, MKR and XDC

Bitcoin (BTC) is on track to form two successive Doji candlestick patterns on the weekly charts but a positive sign is that the price is sustaining above the 20-week exponential moving average ($28,072). This suggests that the bulls have not lost their grip.Popular pseudonymous trader Tech ...

Bitcoin centralized by corporate giants should not be feared – Michael Saylor

During a recent podcast interview, MicroStrategy’s Michael Saylor expressed the opinion that large corporations purchasing and then proceeding to centralize Bitcoin (BTC) should not be a cause for concern.While speaking to Natalie Brunell on the Coin Stories podcast, released on Aug. 7, Sa ...

Using courts for every crypto issue will squash innovation: Grayscale CEO

Grayscale Investments CEO, Michael Sonnenshein, highlighted a potential negative outcome for the United States economy if the Securities and Exchange Commission (SEC) continues to take a one-by-one approach to regulating the cryptocurrency industry.During a recent interview with Fox Busine ...

Brazil’s Congress moves to levy higher taxes on cryptocurrencies

Brazilian lawmakers are moving forward with a legislation that would raise taxes on cryptocurrencies held overseas. According to local reports, a congressional committee has approved amendments to a bill that recognizes cryptocurrencies as "financial assets" for tax purposes in foreign investment ...

Bitcoin has bottomed despite ‘astonishing’ BTC price action — Analyst

Bitcoin (BTC) further ground down volatility into Aug. 12 as “astonishing” BTC price action stayed in place.BTC/USD 1-hour chart. Source: TradingViewBitcoin: "Classic weekend chop" expectedData from Cointelegraph Markets Pro and TradingView followed a flat Bitcoin tradin ...

Price analysis 8/11: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

Bitcoin continues to frustrate investors with its tight-range consolidation, giving no clue about the possible direction of a breakout. Typically, the longer the range, the stronger the eventual breakout from it. Therefore, traders should be on their toes to latch on to the breakout when it ...

US gov’t debt downgraded — Huge news for Bitcoin?

On this week’s episode of Macro Markets, Cointelegraph analyst and writer Marcel Pechman explores the United States debt downgrade by Fitch Ratings. According to Pechman, this change signaled diminished confidence in the U.S. government’s ability to handle its fiscal responsibilities.The d ...

Bitdeer’s losses widen in Q2 after one-time $33M listing fee, shares up 44%

Bitcoin miner Bitdeer Technologies, a firm spun-off from prominent Bitcoin Application-Specific Integrated Circuit (ASIC) manufacturer Bitmain, recorded a net loss of $40.4 million in Q2 2023, up from a net loss of $15.6 million in Q2 2022.The company disclosed in its earnings report publi ...

SEC decision on Bitcoin ETFs won’t leave out Wall Street giants

The Securities and Exchange Commission's (SEC) delay in deciding whether to approve a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States is fueling expectations that a final verdict will come in a batch that includes key players on Wall Street, including BlackRock and Fidelity.&nb ...

Bitcoin futures open interest at 2023 high while BTC trading volume at yearly low — What gives?

Bitcoin (BTC) traders are currently not pleased with the recent price trends, especially due to the inability of its price to surpass the $30,500 mark over the last four weeks. This frustration is compounded by the fact that several requests for spot Bitcoin exchange-traded funds (ETFs) are eithe ...

SEC punts on ARK 21Shares spot Bitcoin ETF, opens proposal to comments

The United States Securities and Exchange Commission has delayed a decision on approving or disapproving the spot Bitcoin (BTC) exchange-traded fund (ETF) proposed by ARK Investment Management.In an Aug. 11 notice, the SEC opened a 21-day comment period for the ARK 21Shares Bitcoin ETF to ...

Bitcoin ETFs to push US slice of crypto ETF trading volume to 99.5% — Analyst

The United States could make up for 99.5% of the global trading volume for crypto-related exchange-traded funds — but only if spot Bitcoin ETFs are approved, according to a Bloomberg ETF analyst.Currently, North America accounts for 97.7% of all crypto ETF trading volume, Bloomberg s ...

Bitcoin miner Riot Platforms trims Q2 loss to $27.7M

Colorado-based Bitcoin mining firm Riot Platforms narrowed its second quarter net loss to $27.7 million as it ramped up its Bitcoin production and reached record hash rate capacity. The crypto miner posted total revenue of $76.7 million — up 5.2% from Q2 2022 — which was primarily driven b ...

Bitcoin Lightning Network is growing, but 3 major challenges remain

The Lightning Network is a layer-2 solution built on top of the Bitcoin blockchain, and its primary objective is to address the Bitcoin network’s scalability issues. It also allows for faster and cheaper transactions by facilitating off-chain payments through a network of payment channels.&n ...

CipherTrace expert says Chainalysis data contributed to ‘wrongful arrest’ of alleged Bitcoin Fog founder

Jonelle Still, the director of investigations and intelligence at CipherTrace, a Master Card company, recently submitted a report supporting the defense in the United States v. Roman Sterlingov, a criminal case involving the Bitcoin Fog cryptocurrency mixing service. The company’s inv ...

Bitcoin risks 15% dip by October, but $100K is due in 2026 — Analysis

Bitcoin (BTC) can easily end up below $25,000 next month, says one longtime market observer.In a new BTC price outlook, Timothy Peterson, founder and investment manager at Cane Island Alternative Advisors, put the odds of a dip to local lows at 50/50.BTC price may see “last big dip” in ...

Binance drops majority of USD Coin reserves — Latest USDC news

In the most recent episode of The Market Report, analyst and writer Marcel Pechman delves into the topic of crypto exchange Binance’s proof-of-reserves. This report reveals a significant decline in USD Coin (USDC) balances, plummeting from $3.4 billion on March 1 to a mere $23.9 million by May 1. ...

What will Bitcoin do if the Justice Department takes aim at Binance?

In early August, sources leaked word that officials with the United State Department of Justice were considering fraud charges aimed at Binance, the world’s largest cryptocurrency exchange. However, they indicated, officials are worried that it could cause a run on the market akin to the November ...

BlackRock insiders say Bitcoin ETF is likely 6 months away: Novogratz

The United States’ first spot Bitcoin (BTC) exchange-traded fund (ETF) could be approved sometime before February, according to Galaxy Digital CEO Mike Novogratz, citing sources at BlackRock and Invesco. “It's a big, big deal. It's a big deal because both our contacts ...

CPI report may show uptick in US inflation — How will Bitcoin price react?

The S&P 500 index is currently trading only 6% below its all-time high, which was reached in January 202. Traditionally, such a situation would be seen as a bullish sign for risk-on assets, including commodities and cryptocurrencies, but this time, it appears that investors have been using th ...

Free Bitcoin on Zaps experiment — but what are Zaps?

A Bitcoin (BTC) advocate based in Canada has “Zapped” 600 people a total of 300 satoshis ($0.09, or 0.000003 BTC) each in a Bitcoin-inspired social media experiment. To date, marketing executive Michael Degroot has doled out over $50 in Bitcoin to people around the gl ...

BlackRock’s misguided effort to create ‘Crypto for Dummies’

BlackRock, a multinational investment company, shocked many in the cryptocurrency industry in June when it filed an application for an exchange-traded fund (ETF), the iShares Bitcoin Trust. It’s seeking to overcome 10-year-long opposition from United States regulators to cryptocurrency ETFs ...

Bitcoin funds see weekly outflows of $111M, most since March: CoinShares

Weekly cryptocurrency asset flows for the week ending Aug. 4 reconciled at $107 million in outflows, continuing a three-week negative trend totaling $134.8 million.Once again, the lion’s share of movement was attributed to Bitcoin (BTC). With $111 million in outflows, Bitcoin funds n ...

Buffett and Ackman take opposing sides on Treasury yields — What does it mean for Bitcoin?

Warren Buffett and Bill Ackman are two of the most successful investors in the world, but they have taken opposing views on the bond market in recent months.Only one can be right. Billionaire investor Bill Ackman says he is shorting US ...

Bitcoin faces ‘endless spot selling’ as BTC price dips below $28.7K

Bitcoin (BTC) fell below $28,700 after the Aug. 7 Wall Street open as “endless spot selling” drove BTC price action lower.BTC/USD 1-hour chart. Source: TradingViewBitcoin traders brace for losses as $29,000 support breaksData from Cointelegraph Markets Pro and TradingVie ...

Telegram crypto bots gain momentum in the market: Binance Research

Telegram bots have been increasingly emerging as a new tool to get exposure to cryptocurrency markets and a number of related services.The cumulative crypto trading volume associated with Telegram bots exceeded $190 million as of early August 2023, according to a new report by Binance’s re ...

Binance sold USDC for another stablecoin — Coinbase CEO

Coinbase CEO Brian Armstrong’s comments to a question about the USD Coin (USDC) stablecoin during the company’s second-quarter earning calls raised some eyebrows. While commenting on the market cap of USDC, Armstrong quipped that Binance moved some of its funds from USDC i ...

Bitcoin OG bets surprising sum on BTC hitting $100K before the halving

Blockstream CEO Adam Back, one of the crypto’s early pioneers, is pretty confident Bitcoin will hit an all-time high of over $100,000 before Bitcoin's halving in 2024 — and is willing to drop a million wagering on it.In an Aug. 7 conversation on X (formerly known as Twitter), B ...

SHIB, UNI, OKB and HBAR flash bullish signs as Bitcoin volatility hits record low

Bitcoin (BTC) continued its boring price action over the weekend, indicating that the bulls and the bears are not waging large bets as they are uncertain about the next directional move. Nevertheless, traders should continue to keep a close watch because a period of consolidation is usually follo ...

Bitcoin price can go ‘full bull’ next month if 200-week trendline stays

Bitcoin (BTC) is preparing a “full bull” BTC price phase in classic style, market cyclist Cole Garner believes.In social media analysis on Aug. 6, the popular on-chain analyst said that major upside awaits both Bitcoin and the broader crypto market.Bitcoin “bull market’s backbone” stre ...

Tether unveils mining software to boost efficiency and capacity

Tether developers are set to release innovative JavaScript libraries created to facilitate the transmission of commands and signals to Bitcoin (BTC) mining hardware, including WhatsMiner, AvalonMiner and Antminer.In a post shared on X (formerly Twitter) by Paolo Ardoino, the ...

BTC hodlers outperformed crypto funds by 69% in H1: 21e6 Capital

The classic buy and hold, or HODL approach to Bitcoin (BTC) outperformed the majority of crypto funds by 68.8% in the first half (H1) of 2023. According to data from Switzerland-based investment adviser 21e6 Capital AG, on average, crypto funds generated returns of 15.2% in the first half ...

Germany is dragging Europe’s economy down — and that’s great for crypto

In the latest episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the recession in Germany, Europe’s largest economy. According to a recent headline in The Wall Street Journal, “Germany is dragging down Europe’s economy.“ The article explains how the country heavily depends o ...

Bitcoin price taps $29.3K as data shows ‘most resilient’ US jobs market

Bitcoin (BTC) inched higher at the Aug. 4 Wall Street open as mixed United States unemployment data rocked U.S. dollar strength.BTC/USD 1-hour chart. Source: TradingViewU.S. unemployment gives mixed pictureData from Cointelegraph Markets Pro and TradingView followed BTC price action ...

‘Is this a Bitcoin ad?’ Joe Biden unknowingly touts BTC in coffee mug video

United States President Joe Biden may have inadvertently become Bitcoin’s latest brand ambassador in a new "cringe" video advertising merchandise for his reelection campaign.On Aug. 3, President Biden tweeted: “A cup of Joe never tasted better” along with a video of himse ...

Block posts 34% increase in Bitcoin revenue in Q2 but shares stumble

Shares in payment technology firm Block Inc. tumbled after hours despite its second-quarter results beating earnings expectations, including a 34% year-on-year increase in Bitcoin (BTC) revenue.In a Q2 earnings call, Block reported a whopping $2.4 billion in Bitcoin sales on its Cash App p ...

Coinbase Q2 beats estimates amid Blackrock custody deal, institutional focus

Crypto exchange Coinbase reported $663 million in net revenue for the second quarter of 2023, boosted by its custody deal with Blackrock and institutional focus, despite recent action taken against it by regulators.Net revenue was down 10% compared to Q2 2022 but beat estimates, attributed ...

How will Bitcoin halving affect BTC price, and is DeFi dead?

On the latest episode of Market Talks, host Ray Salmond spoke with Blockware Solutions account executive David Gamble about the future of Bitcoin (BTC) mining, expectations for the cryptocurrency’s price, and his views on how the decentralized finance (DeFi) sector needs to evolve. Ga ...

BTC price risks new sub-$29K dip as Binance fears test Bitcoin bulls

Bitcoin (BTC) dipped below $29,000 on Aug. 3 as market concerns over largest global exchange Binance reignited BTC price downside.BTC/USD 1-hour chart. Source: TradingViewBTC price analysis “expects” support retestData from Cointelegraph Markets Pro and TradingView showe ...

MicroStrategy to stay on Bitcoin course even if spot ETFs approved: Saylor

MicroStrategy co-founder Michael Saylor believes his firm will remain an enticing way for investors to gain exposure to Bitcoin (BTC) regardless of any future exchange-traded fund approvals.He has also confirmed his firm's intention to continue adding more Bitcoin to its balance sheet, inc ...

KPMG touts ESG benefits from Bitcoin, counters misperceptions in new report

KPMG has released a report on Bitcoin and ESG (environment, social and governance) issues. The Big Four professional services firm found that Bitcoin “appears to provide a number of benefits across an ESG framework.”Looking at each component of ESG separately, the report noted ...

Price analysis 8/2: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

Ratings agency Fitch downgraded the United States’ long-term credit rating from AAA to AA+ on Aug. 1 and this move dented the risk on sentiment. The U.S. equities markets witnessed profit-booking on Aug. 2 and the cryptocurrency market’s recovery stalled in its tracks.However, after the kn ...

Bitcoin Ordinals team launch non-profit to grow protocol development

A non-profit organization dedicated to growing the development of nonfungible tokens (NFTs) on Bitcoin (BTC) has been launched by the team behind the Bitcoin Ordinals protocol.The California-based nonprofit called the Open Ordinals Institute will bolster the Ordinals protocol by providing ...

Saylor’s MicroStrategy plans $750M stock sale, possibly buying more Bitcoin

United States-based software development company MicroStrategy is planning to raise up to $750 million via a stock sale and says it may use the proceeds to buy more Bitcoin (BTC). In a filing to the Securities and Exchange Commission on Aug. 1, MicroStrategy announced it has entered i ...

MicroStrategy returns to profit and now owns $4.4B worth of Bitcoin

Business intelligence firm MicroStrategy — one of the largest corporate holders of Bitcoin (BTC) in the United States — managed to return to profitability in the second quarter amid a surge in the price of Bitcoin.In a Q2 earnings results filing posted on Aug. 1, MicroStrategy ...

Genesis Digital Assets opens three new facilities in South Carolina in US expansion

Bitcoin miner Genesis Digital Assets (GDA) announced on Aug. 1 that it has launched three new data centers in the American state of South Carolina. The facilities came online in February and March.The facilities are located in the western part of the state, with the first opening in the to ...

Bitcoin investor sentiment slumps to a new low, even as macro and equities show improvement

Bitcoin (BTC) surpassed the $30,000 resistance on June 21, or 40 days ago, after a notable 19.5% gain in a week. Since then, it has been moving within a range filled with occasional moderate corrections and BTC price trades near $29,300. While these consolidation periods are common in traditional ...

Crypto trader weighs in on possible Bitcoin extinction scenarios

Episode 11 of Cointelegraph’s Crypto Trading Secrets podcast is now live, welcoming crypto trader Mohit Sorout for an interview that took place on July 21. Host Benjamin Pirus asked Sorout several questions, including one regarding Bitcoin’s (BTC) future and what scenario, if any, could lead to i ...

Price analysis 7/31: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, LTC

The S&P 500 Index (SPX) continued its march toward its all-time high with a 3% gain in July. Signs of receding inflationary pressures and expectations of an end to the Federal Reserve’s tightening cycle are the factors that boosted risk-on sentiment.However, this bullish mood did not b ...

Bitcoin volume hits lowest since early 2021 amid fear $25K may return

Bitcoin (BTC) stayed static at the July 31 Wall Street open as analysis warned that the net was closing in for bulls.BTC/USD 1-hour chart. Source: TradingView$28,300 the “last line of defense” for BTC priceData from Cointelegraph Markets Pro and TradingView followed BTC ...

Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills

Tether continues to increase its treasury reserve holdings backing circulating USDT (USDT) tokens, according to its latest financial attestation for the second quarter of 2023.Tether Holdings published its Q2 attestation from accounting firm BDO, highlighting an $850 million incr ...

Coinbase CEO says SEC told it to delist everything but Bitcoin: Report

Crypto exchange Coinbase was once told by the United State securities regulator to delist all cryptocurrencies on its platform except for Bitcoin (BTC), according to CEO Brian Armstrong.In a July 31 interview with the Financial Times, Armstrong revealed that the U.S. Securities and Exchang ...

Vyper vulnerability exposes DeFi ecosystem to stress tests

Decentralized finance (DeFi) protocols are undergoing a stress test following a critical vulnerability was found on versions of Vyper programming language, resulting in the theft of millions of dollars worth of cryptocurrencies on July 30.A number of pools using Vyper 0.2.15, 0.2.16 and 0. ...

DOGE, MKR, OP and XDC gather strength as Bitcoin price remains range-bound

Bitcoin (BTC) has been stuck in a narrow range for the past several days. A minor positive is that the range has formed near the recent local high. This suggests that the bulls are not rushing to the exit as they anticipate another leg higher.Bitcoin’s consolidation has pulled its market d ...

Alibaba, silver, gold, Bitcoin, Ethereum: Mike Novogratz’s ideal portfolio

Galaxy Digital's founder Mike Novogratz shared what an ideal investment portfolio would look like for a young and high-risk tolerance investor during an interview with Bloomberg Wealth, saying that he'd invest in the Chinese giant Alibaba, silver, gold, Bitcoin (BTC), and Ethereum (ETH).“I ...

Bitcoin due key MACD bull flag repeat as BTC price freezes at $29.3K

Bitcoin (BTC) further reduced volatility ahead of the July 30 weekly close as traders eyed an exciting long-term bull signal.BTC/USD 1-hour chart. Source: TradingViewBTC price makes weekend "slower than ever"Data from Cointelegraph Markets Pro and TradingView followed sideways BTC p ...

Crypto community reacts to Barbie star saying Bitcoin talk exudes Ken energy

Australian actress Margot Robbie, who is playing the lead in the new Barbie movie, has caused quite a stir within the crypto community after stating that simply talking about Bitcoin (BTC) gives off Ken vibes.In the last 24 hours, the crypto community on Twitter, including Microstrategy's ...

Price analysis 7/29: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

The 25 basis point rate hike by the Federal Reserve on July 26 and the subsequent commentary by Fed Chair Jerome Powell failed to catapult Bitcoin (BTC) out of its range. This suggests that the event did not have any surprises and the outcome was already priced in by the markets.The crypto ...

Crypto Biz: Elon Musk’s X targets financial services, PacWest emergency rescue and more

Social media platform X — formerly known as Twitter — may soon advance plans to add financial services to its users, hoping to become the American equivalent of the Chinese super-app WeChat.The concept of super-apps isn’t new. Tech giant Tencent, the company behind WeChat ...

BTC price shrugs off strong PCE data as Bitcoin traders eye $28K range

Bitcoin (BTC) stayed rangebound at the July 28 Wall Street open despite further United States inflation data beating expectations.BTC/USD 1-hour chart. Source: TradingViewFed’s “preferred” inflation metric points to waning pressureData from Cointelegraph Markets Pr ...

Indian Supreme Court raps Union government on crypto rules delay: Report

The Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a local media outlet. The Supreme Court in its observation noted that it is “unfortunate” that the government has yet to release any clear g ...

Grayscale urges SEC to approve all Bitcoin ETFs simultaneously

Crypto fund manager Grayscale is urging the Securities and Exchange Commission to approve all proposed spot Bitcoin (BTC) exchange-traded funds (ETFs) at the same time to avoid one having an advantage.A July 27 post by Grayscale Chief Legal Officer Craig Salm said its legal team submitted ...

Bitcoin traders put eyes on $31K even as $2B in BTC options expire on Friday

The upcoming $2 billion Bitcoin (BTC) monthly options expiry on July 28 could potentially establish $29,500 as a support level. Some argue that the recent United States Federal Reserve interest rate increase to 5.25% had a detrimental effect on risk-on assets like cryptocurrencies. However, Bitco ...

Bitcoin price erases FOMC gains as US dollar surges on Q2 GDP print

Bitcoin (BTC) ate away at the prior day’s gains on July 27 as United States macroeconomic data produced a muted reaction.BTC/USD 1-hour chart. Source: TradingViewAnalyst warns of BTC price dipData from Cointelegraph Markets Pro and TradingView showed BTC price strength waning ...

Redditor’s hacked Bitcoin is a lesson on the hidden dangers of paper wallets

A Reddit user has become the latest example of why crypto users should be more careful when using wallet generators — after the user lost a few thousand dollars worth of Bitcoin (BTC) from their "secure" paper wallet.On July 24, a Redditor by the name /jdmcnair posted on th ...

Robert Kennedy Jr. reveals buying 2 Bitcoin for each of his 7 children

Democratic presidential candidate Robert F. Kennedy Jr. has confirmed he purchased a significant amount of Bitcoin (BTC) earlier this year — buying two BTC for each of his seven children.Speaking in a July 26 Twitter Space, Kennedy said the decision came after he received “a lo ...

Bitcoin traders eye Fed’s Powell as FOMC hikes rates to 22-year highs

Bitcoin (BTC) shifted toward $30,000 on July 26 as the United States Federal Reserve delivered a fresh interest rate hike.BTC/USD 1-hour chart. Source: TradingViewBitcoin tames volatility ahead of Powell press conferenceData from Cointelegraph Markets Pro and TradingView showed BTC price p ...

OpenAI creator launches Worldcoin

In the latest episode of The Market Report, analyst and writer Marcel Pechman discusses the Worldcoin token launch, why it is controversial, and the differences between it and most altcoins. According to the analysis, investors should take time to understand the project before even considering an ...

Deribit’s Bitcoin volatility index hits lifetime lows, hinting sideways action

Crypto options exchange Deribit's future-looking Bitcoin (BTC) volatility index — used as a crypto fear gauge of sorts — has reportedly reached its lowest level in two years, indicating a possible lack of price turbulence for Bitcoin in the near future. On July 24, crypto ...

Crypto investors cool on Bitcoin funds, turning to Ether and XRP

Bitcoin-related investment products appear to have lost some of their sheen among crypto investors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June.According to a July 24 report by CoinShares Head of Research James Butterfill, Bitcoin (BTC)  ...

Price analysis 7/24: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, MATIC

Bitcoin plunged to $29,000 on July 24, signaling that bears are trying to seize control. It looks like the failure to hold on to the higher levels may have tempted short-term bulls to book profits and aggressive bears to initiate short positions.Although the near term looks bearish, l ...

Bitcoin whale exchange inflow share hits 1-year high — over 40%

Bitcoin (BTC) whale buying and selling in 2023 is mostly from speculative investors, new data reveals.In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode shows that contrary to popular belief, opportunistic entities are the most active whales.T ...

Sleeping Bitcoin wallet stirs after 11 years, moving over $30M

A dormant Bitcoin (BTC) wallet holding over 1,037 Bitcoin — worth $31 million at current prices — has suddenly awoken after an 11-year slumber, transferring out its entire stash. The 1037 BTC was transferred amid a Bitcoin price of $29,956 and took effect at bloc ...

Bitcoin’s dull price action ignites buying interest in LINK, FIL, SNX and THETA

Bitcoin (BTC) is struggling to rise above the overhead resistance at $31,000 but a minor positive is that the bulls have not allowed the price to dive below the $29,500 support. This suggests that a catalyst may be needed for the price to break out from its range.On the macroeconomic front ...

Bitcoin can still hit $19K, warns trader ahead of BTC price ‘big move’

Bitcoin (BTC) threatened fresh downside over the weekend as markets geared up for the July 23 candle close.BTC/USD 1-hour chart. Source: TradingView$19,000–$23,000 “still on the cards” for BitcoinData from Cointelegraph Markets Pro and TradingView showed BTC acting ...

Crypto Biz: Binance slashes costs, Ripple ready for US banks and crypto VCs return

The crackdown on crypto firms by the United States Securities and Exchange Commission (SEC) appears to have severely affected Binance’s business. During the past few weeks, the crypto exchange reportedly fired over 1,000 employees and slashed some benefits. According to Binance, ...

UK court grants appeal from Craig Wright in Bitcoin rights lawsuit

A British court granted an appeal on July 20 that gave Craig Wright the right to argue in litigation that the Bitcoin file format is well-defined enough to qualify for copyright protection. Wright, who since 2016 has claimed to be the inventor of Bitcoin (BTC), launched a lawsuit agai ...

Price analysis 7/21: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

Bitcoin continues to test investors’ patience, as it remains stuck inside a tight range. Although the near term is boring, traders need to be on their toes because narrow ranges are generally followed by a sharp increase in volatility. The only problem is that it is difficult to predict the ...

BlackRock ETF will be ‘big rubber yes stamp’ for Bitcoin: Interview with Charles Edwards

Bitcoin (BTC) stands to win big thanks to the BlackRock exchange-traded fund (ETF), investor and analyst Charles Edwards believes.In his latest interview with Cointelegraph, Edwards, who is founder of quantitative Bitcoin and digital asset fund Capriole Investments, goes deep into the ...

Bitcoin miners still bullish despite toughest bear market yet – Hut8, Foundry, Braiins

Bitcoin (BTC) miners have been up against the ropes over the past year, with record amounts of BTC sent to centralized exchanges to cover costs in 2023.As Cointelegraph previously reported, the Bitcoin mining ecosystem has had an eventful year. The industry scored a staggering $184 mi ...

The last Bitcoin: What will happen once all BTC are mined?

Satoshi Nakamoto mined the genesis block on Jan. 3, 2009, minting the first 50 Bitcoin (BTC) in history and kicking off what would become a billion-dollar industry centered around mining crypto. However, with a cap on Bitcoin supply, the fate of miners after the last coins are issued is unclear.& ...

Bitcoin rejects at 21-day trendline — How low can BTC price go?

Bitcoin (BTC) failed to hold above $30,000 after the July 20 Wall Street open, with one analyst forecasting a return to range lows.BTC/USD 1-hour chart. Source: TradingViewBTC price sinks through $30,000Data from Cointelegraph Markets Pro and TradingView tracked weak BTC price actio ...

Tesla’s diamond hands: EV maker’s Bitcoin holdings see no change in Q2

For the fourth quarter in a row, Tesla hasn’t sold or added to its digital asset holdings, with the electric vehicle manufacturer continuing to hold $184 million worth of its remaining Bitcoin (BTC).In Q2 2023 earnings released on July 19, the net value of Tesla’s Bitcoin holdings stood at ...

3 reasons why Bitcoin traders anticipate BTC price to briefly sweep the $27.5K level

After a spectacular first half of 2023, the price of Bitcoin (BTC) appears to have stalled out, being stuck between $29,000 and $31,500.There could be reason to believe that in the near term, the price of Bitcoin will tend to trade sideways or to the downside. This thesis can be based on t ...

Bitcoin’s bullish hype fades, but analyst says PlanB’s stock-to-flow model is still relevant

Bitcoin is struggling to reclaim its psychologically important level of $30,000 as analysts predict that choppy accumulation may last for months.Bitcoin (BTC) soared to a new yearly high of over $31,800 on July 13, driven by optimism surrounding the potential approval of exchange-trad ...

Why isn’t smart money’s effect on crypto’s original promise discussed more?

Ignoring the original, utility-driven ideas introduced in the early documents on digital cash became the new normal once adopters stumbled upon a cryptocurrency price ticker. Are new price tickers a sign of innovation?  There is a critical paradox when thinking about inven ...

Bitcoin mining is becoming more environmentally friendly

Bitcoin (BTC) mining’s environmental impact has always been a controversial topic. On the one hand, critics emphasize that securing the Bitcoin network takes more power than some whole countries’ annual electricity consumption. On the other hand, much of the crypto community argues that it is a n ...

SEC vs. Ripple: Huge win for crypto

In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses Ripple’s partial victory against the Securities and Exchange Commission and its impact on the crypto market. Although people traded based on emotion after headlines popped out, the next day, as i ...

Nasdaq halts launch of cryptocurrency custody service

Global securities marketplace Nasdaq is halting the launch of its own cryptocurrency custody that it previously planned to roll out by the end of the second quarter of 2023.It suspended the launch because of regulatory risks in the United States, CEO Adena Friedman announced during the fir ...

AI optimizing crypto exchange functions — Bitget exec

Cryptocurrency exchanges are finding novel ways to improve internal departments and functions using artificial intelligence (AI), according to Bitget managing director Gracy Chen.Speaking to Cointelegraph editor Zhiyuan Sun during the Ethereum Community Conference in Paris, Chen highlighte ...

Robert F. Kennedy Jr. vows to back US dollar with Bitcoin if elected president

Democratic presidential candidate Robert F. Kennedy Jr. has promised to progressively back the United States dollar with Bitcoin (BTC) if he is elected president. Speaking at a July 19 Heal-the-Divide PAC event, Kennedy claimed that backing the U.S. dollar with what he called “hard cu ...

Altcoins ‘bled’ as Bitcoin gained dominance in Q2: CoinGecko

The second quarter of the year has been a solid one for Bitcoin’s performance as its market dominance gained against altcoins, which “bled” throughout the quarter, according to CoinGecko.On July 18, the crypto data aggregator released its industry report for Q2 2023 which noted Bitcoin (BT ...

Bitcoin price falls to $29.5K, but on-chain data reflects investors’ growing interest

Bitcoin (BTC) price dropped below the $30,000 level on July 18, which retail investors may not have expected given the developments of the last month, but does the downside move represent an upcoming shift in the trend? Data suggests that over the longer term, it does not. To g ...

Bitcoin rally will lead to “speculative blow-off top” in 2024, Mark Yusko predicts

BlackRock’s application for a Bitcoin exchange-traded fund (ETF) has sparked the beginning of a new crypto bull market, which will go parabolic at some point closer to the halving scheduled for April 2024, according to Mark Yusko, the chief investment officer and founder of Morgan Creek Capital.& ...

Bitcoin bulls battle to reclaim $30K amid BTC price RSI ‘reset’

Bitcoin (BTC) targeted new month-to-date lows at the July 18 Wall Street open as bulls refused to give up on the $30,000 support.BTC/USD 1-hour chart. Source: TradingViewBTC price: Heavy resistance risks weekly downtrendData from Cointelegraph Markets Pro and TradingView showed BTC ...

Bitcoin price falls under $30K as macro and regulatory worries take center stage

Multiple pieces of data point to the Bitcoin price falling below $29,000 in the short term. Yes, you read that right. Let’s investigate the main issues contributing to the current downside in the Bitcoin price.Bitcoin (BTC) encountered difficulties breaking above $31,800 ...

Price analysis 7/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, ADA, DOGE, MATIC

Bitcoin remains stuck inside a narrow range, making it difficult to predict the direction of the next possible breakout. The U.S. Dollar Index (DXY), which generally moves in inverse correlation to Bitcoin (BTC), dropped below 100, but that has failed to propel Bitcoin higher. This suggests ...

Bitcoin and crypto brace for further upside as equities look to extend their recent gains

The long-awaited recession and resulting resumption of the 2022 bear market that many have been expecting have failed to materialize so far in 2023. In fact, most assets have caught a bid, with the Nasdaq hitting a 52-week high on July 12.How can this be, and will the rally continue? ...

Bitcoin ‘full breakout’ not here yet as BTC price spends month at $30K

Bitcoin (BTC) refused to give up $30,000 at the July 17 Wall Street open as observers placed bets on a step lower next.BTC/USD 1-hour chart. Source: TradingViewBitcoin traders line up downside targetsData from Cointelegraph Markets Pro and TradingView followed what one analyst calle ...

7 payment gateways for fast online transactions

In today’s fast-paced digital world, speed and convenience are paramount when it comes to online transactions. Whether you run an e-commerce business or simply want to make swift payments online, having a reliable payment gateway that ensures seamless and speedy transactions, including support fo ...

How easy is a SIM swap hack and how does one guard against it?

Despite the rise of cybersecurity infrastructure, the online identity still faces many risks, including those related to the hacks of one’s phone numbers.In early July, LayerZero CEO Bryan Pellegrino became one of the latest victims of a SIM swap attack, which allowed hackers to brie ...

Binance completes integration of Bitcoin Lightning Network

Cryptocurrency exchange Binance has completed the integration of the Bitcoin Lightning Network on its platform for BTC withdrawals and deposits.The development was confirmed by Binance in a July 17 blog post, where they noted that Binance users can now use the layer-2 scalin ...

Bitcoin price support at $30K opens the door for gains from UNI, ARB, AAVE and MKR

Bitcoin (BTC) attempted to break away from its boring sideways price action on July 13, following Ripple’s legal victory over the United States Securities and Exchange Commission, but the enthusiasm proved to be short-lived. Sellers pulled the price back into the range on July 14, indicating that ...

Buying the dip? Record 3.8% of the Bitcoin supply last moved at $30.2K

Bitcoin (BTC) at $30,000 is the most popular “buy” level ever, the latest on-chain data suggests.According to figures from crypto analytics firm Glassnode, a record amount of BTC changed hands near the current spot price.Bitcoin: 'Big move coming' thanks to buyer interestBTC price a ...

Senator Lummis urges clear crypto regulations after XRP ruling

Senator Cynthia Lummis, a Republican from Wyoming, has taken to Twitter to emphasize the significance of a recent court ruling by Judge Analisa Torres, which declared that the Ripple-associated token XRP should not be considered a security. Senator Lummis highlighted that this ruling underscores ...

Entity representing Binance customers seeks compensation

A third-party entity called Eeon has intervened in the lawsuit filed by the United States Securities and Exchange Commission (SEC) against crypto exchange Binance.As stated in the filing with the United States District Court for the District of Columbia, Eeon claims that the SEC and attorn ...

ARK Invest sells more Coinbase shares, eyes Meta platforms, Robinhood

As Coinbase stock reaches a 52-week high, ARK Invest — the investment management firm led by Bitcoin (BTC) bull Cathie Wood — has recently sold more of its shares in the crypto exchange.Following ARK Invest’s significant acquisition of Coinbase shares during the bear market, ...

SEC accepts BlackRock’s Bitcoin ETF application, signaling regulatory review

The United States Securities and Exchange Commission (SEC) has accepted BlackRock’s application for a spot Bitcoin (BTC) exchange-traded fund (ETF) following its acknowledgment of a similar application by Bitwise the day before.The SEC’s acknowledgment indicates the commencement of the off ...

Ethereum scaling protocols drive zero-knowledge proof use: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.This week, Finance Redefined looks at the growing popularity of zero-knowledge proof-based scalable sol ...

Price analysis 7/14: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, LTC, MATIC, DOT

Ripple Labs’ victory in the case against the United States Securities and Exchange Commission gives a significant boost to the crypto industry. In addition to benefitting Ripple and XRP (XRP), analysts believe that the ruling will weaken the regulator’s case against Binance and Coinbase.In ...

Crypto will transcend international currencies — BlackRock CEO

BlackRock CEO Larry Fink has delivered fresh remarks supporting cryptocurrencies’ role in democratizing investing worldwide, pointing to growing interest among the companys clients in digital assets.“More and more of our global investors are asking us about crypto,” Fink said dur ...

Bitcoin spending copies history as metric flags ‘1st stage bull market’

Bitcoin (BTC) long-term holders are coming back to life as BTC price increases, the latest analysis confirms.In a tweet on July 13, Philip Swift, creator of on-chain data resource LookIntoBitcoin, revealed classic bull market behavior among “older” BTC investors.Value Days Destroyed Mu ...

Monochrome revises filing for spot Bitcoin ETF at Aussie stock exchange

Australian-based crypto investment firm Monochrome Asset Management has updated its application to offer a spot Bitcoin (BTC) exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) through its partner Vasco Trustees.The ETF — Monochrome Bitcoin ETF (IBTC) will be able ...

‘Altcoin season’ anyone? Bitcoin dominance tumbles after XRP victory

Bitcoin (BTC) dominance has taken a tumble in the wake of Ripple’s partial victory against the United States Securities and Exchange Commission, with a surge in altcoin prices briefly causing BTC dominance to fall under the 50% mark. Bitcoin dominance — the measure of how ...

Demand is driving the price of Bitcoin to $130K

In any market, whether it is fruit and vegetables or financial assets, prices are determined by the intersection of supply and demand.If tomatoes are scarce due to a flood, with the same demand, the price in the supermarket will inevitably be higher — just as it will be higher if, with the ...

First Bitcoin futures contract debuts in Argentina

Argentina welcomed its first Bitcoin futures contract on July 13, just three months after the country’s securities watchdog approved the underlying index as part of a strategic innovation agenda.According to Matba Rofex, the trading platform behind the investment vehicle, it is t ...

BTC price due for $31K as analyst says ‘disinflation’ boosting Bitcoin

Bitcoin (BTC) looked set to challenge range highs on July 13 as fresh macroeconomic data boosted risk asset bulls.BTC/USD 1-hour chart. Source: TradingViewPPI shows U.S. inflation retreating beyond expectationsData from Cointelegraph Markets Pro and TradingView followed the market a ...

Exec shares process of setting up a business in Switzerland with Bitcoin

While Switzerland has been popular among the wealthy for its prowess in banking, the country has also been slowly welcoming those who mainly want to use Bitcoin (BTC) as an alternative form of money. Cointelegraph reporter Joseph Hall spoke with Pietro Poretti, the director of the eco ...

US SEC files lawsuit against Celsius and Alex Mashinsky

The United States Securities and Exchange Commission is taking action against Celsius Network, one of the cryptocurrency lending firms that collapsed in 2022.The securities regulator filed a lawsuit against Celsius’ former CEO, Alex Mashinsky, on July 13, charging the executive and Celsius ...

Crypto miner Hive Digital drops ‘blockchain’ from name amid pivot to AI

Crypto mining firm Hive Blockchain is now calling itself Hive Digital Technologies — after enacting a branding pivot that seeks to highlight its foray into artificial intelligence.The Vancour-based mining company said in a July 12 statement it has dropped “blockchain” fro ...

Bitcoin ETF is the needed ‘seal of approval’ for BTC: Mike Novogratz

The approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) would equate to a “seal of approval” for Bitcoin from the United States government and its securities regulator, says Mike Novogratz.In a July 12 interview with Bloomberg TV the founder of crypto investment firm Galaxy Digital ...

IRS investigating crypto traders using Puerto Rico tax breaks: Report

Prosecutors from the United States and agents from the Internal Revenue Service (IRS) are reportedly investigating wealthy crypto traders and fund managers suspected of illegally benefiting from Puerto Rico’s tax breaks. According to a June 12 report from Bloomberg, investigator ...

US government moves nearly 10K Bitcoin worth over $300M related to Silk Road seizure

A cryptocurrency wallet associated with the United States Department of Justice (DOJ) moved approximately 9,825.25 Bitcoin worth around $299 million in a series of transactions on July 12. It’s unclear at this time whether the transactions, which appear to have ultimately p ...

Bitcoin mining difficulty hits all-time high as BTC miner selling peaks

Bitcoin mining difficulty reached an all-time high of 53.91 trillion units after the latest difficulty adjustment on July 12. It is a measure of how difficult it is to mine Bitcoin (BTC) blocks.The blockchain adjusts its difficulty every two weeks to maintain its processing time ...

Grayscale CEO: BlackRock ETF filing a ‘moment of validation’ for Bitcoin

The recent tsunami of spot Bitcoin (BTC) exchange-traded fund (ETF) filings should be seen as a “moment of validation” for Bitcoin, says Grayscale Investments CEO Michael Sonnenshein.During a July 12 interview on CNBC’s Last Call, Sonnenshein rejected the notion that Blac ...

Cboe refiles 5 Bitcoin ETFs to include Coinbase surveillance agreements

Exchange operator Cboe Global Markets has amended five spot Bitcoin (BTC) Exchange-Traded Fund (ETF) applications to include a surveillance-sharing agreement (SSA) with Coinbase.On July 11, Cboe amended filings with the United States Securities and Exchange Commission (SEC) for the ETFs fr ...

Bitcoin ETF hopium fades as on-chain and futures data reflect traders’ muted activity

The price of Bitcoin has been trading between $29,900 and $31,160 for the past 18 days, causing concern among investors who are looking for explanations for the lack of a clear trend. After a 25.5% rally between June 15 and June 23 led to Bitcoin’s (BTC) highest price level ...

BlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst says

$30 trillion worth of capital could suddenly unlock for the Bitcoin market if a Bitcoin spot ETF is approved by the U.S. Securities and Exchange Commission, according to Bloomberg ETF analyst Eric Balchunas. That is the estimated amount of assets controlled by financial advisors in th ...

Bitcoin exchanges now hold the same BTC supply share as in late 2017

Bitcoin (BTC) held on exchanges is down to where it was at the 2017 BTC price all-time high, data confirms.Tracked by on-chain analytics firm Glassnode, the latest figures show less than 12% of the BTC supply now resides in exchange wallets.Analyst: BTC price “on the cusp of true price ...

Bitcoin halving bullish for Saylor’s MicroStrategy: Berenberg Capital

The upcoming Bitcoin (BTC) halving is set to blow fresh wind in the sails of Bitcoin-focused stocks such as Michael Saylor founded tech firm MicroStrategy.In a research note shared with Cointelegraph, New York-based investment firm Berenberg Capital Markets explained its reasons for a bul ...

Bitcoin has entered a civil war — Over ‘art’

In an email dated Jan. 17, 1993, Hal Finney — a developer and early contributor to Bitcoin — shared the concept of “encrypted digital cards,” which are now known as nonfungible tokens (NFTs).“Giving a little more thought to the idea of buying and selling digital cash, I thought of a way to ...

Price analysis 7/10: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

Bitcoin has been struggling to rise and sustain above the $31,000 level for the past few days, but Standard Chartered has painted a bullish picture for this year and the next. In a report, the bank said that Bitcoin (BTC) could reach $50,000 this year and stretch the rally to $120,000 b ...

Grayscale lawyers refer to SEC allowing Volatility Shares’ investment vehicle in push for ETF

Digital asset manager Grayscale has filed a letter in its lawsuit against the United States Securities and Exchange Commission (SEC) over the rejection of a spot Bitcoin exchange-traded fund (ETF), citing a possible precedent in furtherance of its case.In a letter dated July 10, Grayscale& ...

Bitcoin on $3K discount at Binance.US, but there’s a catch

Bitcoin (BTC) is selling for a nearly $3,000 discount on Binance.US, providing a significantly better rate than global spot prices — but there’s just one catch. On July 9, a swathe of crypto users began noticing a widening price discrepancy between cryptocurrencies listed ...

Bitcoin price gathers strength as SOL, AVAX, FIL and EOS prep for a breakout

Nonfarm payrolls rose by 209,000 in June, below economists’ expectations of an addition of 240,000 jobs. Although the figures show a cooling labor market, market observers remained concerned as the average hourly earnings growth held steady at 0.4% from May and 4.4% from a year ago.  ...

Robert F. Kennedy Jr. invested up to $250,000 in Bitcoin after Miami’s conference

Democratic presidential candidate Robert F. Kennedy Jr. owns up to $250,000 in Bitcoin (BTC), in contrast to his previous claim that he was not an investor in the leading cryptocurrency.A record obtained by CNBC shows Kennedy Jr. owned between $100,001 and $250,000 worth of Bitcoin at the ...

BlackRock ETF stirs US Bitcoin buying as research says ‘get off zero’

Bitcoin (BTC) will suck in “all prosperity gains” in future and leave behind those who have no exposure as a result, a new prediction says.In a Twitter thread on July 8, investor Luke Broyles delivered a bold vision of how Bitcoin would become “society’s base money.”Investor tells woul ...

Salvadoran teenager becomes Bitcoin teacher, no longer earning ‘6 dollars a day’

A Salvadoran teenager shares his journey of completing El Salvador's Bitcoin diploma program, Mi Primer Bitcoin, meaning My First Bitcoin. Now, he has returned to his former high school to educate the teachers about Bitcoin (BTC).In a series of tweets on July 8, 18-year-old Gerardo Moran r ...

Marathon Digital blames weather conditions for mining 21% less Bitcoin in June

Bitcoin mining company Marathon Digital has linked the recent slump in its total amount of Bitcoin's (BTC) mined in June to the weather conditions in Texas and a drop in transaction fees.According to a July 5 statement, Marathon Digital experienced a “21%" decline in June for the total amo ...

3 reasons why Bitcoin’s price is primed to hold the $30,000 level as support

Bitcoin’s price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward.Bitcoin (BTC) remained within a narrow 4.3% range for the 15 days leading up to July 7. Despite the proximity of the $29,895 to $31,165 rang ...

Price analysis 7/7: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

Bitcoin is still struggling to stay above $31,000. While a tight consolidation near the overhead resistance is a positive sign, the failure to rise above it may result in short-term liquidations. However, a shallow pullback should not be considered a trend change because, many times, ...

How Argentina’s inflation is helping altcoins and the crypto market

On today’s Macro Markets show, veteran stock market and Cointelegraph analyst Marcel Pechman starts by analyzing Argentina’s 150% inflation, which proves that people continue to work and consume (somehow) even if their local currency loses its value.What is the lesson here? For starters, e ...

ETF approval may boost Bitcoin’s liquidity, but it won’t be a game changer — JPMorgan

A possible approval of a spot Bitcoin exchange-traded fund (ETF) won't be a game changer for crypto markets, although it might benefit the leading cryptocurrency, according to a report by JPMorgan managing director Nikolaos Panigirtzoglou.Based in London, Panigirtzoglou is part of JPMorgan ...

AI has potential to send Bitcoin price over $750K — Arthur Hayes

Bitcoin (BTC) will be the currency of artificial intelligence (AI) and could reach a price per coin of $760,000 in the process, Arthur Hayes says.In his latest essay titled “Massa,” the former BitMEX CEO concluded that the AI revolution would naturally gravitate toward BTC.Hayes: Bitco ...

George Bachiashvili’s lawyer denies $39M Bitcoin misappropriation charges

The legal team representing the billionaire entrepreneur George Bachiashvili has issued a statement denying the criminal charges filed by the Prosecutor’s Office of Georgia, alleging that the businessman misappropriated Bitcoin (BTC) worth $39 million. On July 6, the prosecutor& ...

‘No, we’re not smuggling people’ – Bitcoin advocate tours Europe in BTC-styled van

From thumbs-ups from friendly strangers to midnight police searches, a Bitcoin-themed van continues a whirlwind tour around Europe.Ariel Aguilar has been behind the wheel of Bitcoin (BTC) promotion efforts, driving across Europe in a BTC-themed van called La Bitcoineta. Speaking to Cointel ...

Vitalik Buterin says Ordinals have revived ‘builder culture’ on Bitcoin

The advent of Bitcoin (BTC) Ordinals signals the “organic return of builder culture” to the network, according to Ethereum co-founder Vitalik Buterin.Buterin made the comments in a July 7 Twitter space where he spoke at length with Bitcoin proponents Eric Wall and Udi Wertheime ...

Lightning Labs releases tools letting AI transact and hold Bitcoin

Bitcoin (BTC) Lightning Network development firm Lightning Labs unveiled a new set of tools for artificial intelligence to send and receive BTC on the network’s layer-2 solution.On July 6, Lightning Labs announced the toolkit which helps enable AI applications such as OpenAI’s ...

BTC price abruptly dips below $30K as Bitcoin daily candle turns sour

Bitcoin (BTC) continued snap volatility after the July 6 Wall Street open as yearly highs gave way to a comedown.BTC/USD 1-hour chart. Source: TradingViewBitcoin suddenly falls to new July lowsData from Cointelegraph Markets Pro and TradingView followed BTC price action as it seesaw ...

Bitcoin bull run incoming: Binance CEO Changpeng Zhao reveals when

Binance CEO Changpeng Zhao has delivered his prediction for the next Bitcoin (BTC) bull market.Speaking in a July 5, “ask me anything” session on Twitter, CZ covered the potential entry of BlackRock into the crypto market, gave an update on regulatory action against the exchange, and his t ...

Bitcoin miners raked $184M in fees in Q2, surpassing all of 2022

Bitcoin (BTC) miners made a lofty $184 million from transaction fees in the second quarter, far more than what they pocketed over the entire 2022 — as Bitcoin’s price surged and BRC-20 tokens flourished.The $184 million payout is more than a 270% increase from the first qu ...

Can Bitcoin repeat a 2017-like rally as dollar correlation reverses?

There is a common belief that when the U.S. dollar declines relative to other main global currencies, as measured by the U.S. Dollar Index (DXY), the impact on Bitcoin is positive, and vice versa.For instance, the DXY dropped from 103.0 in January 2017 to a 92.6 low in August 2017, wh ...

Bitcoin ETFs: Even worse for crypto than central exchanges

Recent weeks have seen a surge in interest from traditional finance for crypto-based exchange-traded funds (ETFs). After the Securities and Exchange Commission took issue with its initial filing, BlackRock submitted a fresh application for a Bitcoin ETF on July 3. A week earlier, Fidelity led a c ...

Bitcoin futures premium hits 18-month high — Time to flip bullish?

The Bitcoin futures premium reached its highest level in 18 months on July 4. But traders are now questioning whether the derivatives metrics indicate “excessive excitement” or a “return to the mean” after a prolonged bear market.BTC price gains capped by regulators, macroeconomicsBit ...

Bitcoin ETF race begins: Has institutional trust returned to crypto?

With the Bitcoin (BTC) halving event less than a year away, several financial giants have filed applications for a spot Bitcoin exchange-traded fund (ETF) — a scenario last seen before the 2020 to 2021 bull run. Institutional interest in the sector dried up after major crypto giants s ...

Venture capital’s ICO gambits left Bitcoin ecosystem underfunded – Adam Back

Initial coin offerings (ICOs) may have hampered the development of the Bitcoin ecosystem, with market research reflecting a massive slant towards non-Bitcoin investments by venture capitalists over the past five years.Blockstream CEO Adam Back highlighted the juxtaposition between the lack ...

Bitcoin analyst flags $32.5K launchpad zone for BTC price

Bitcoin (BTC) bulls fought for $31,000 on July 4 as a United States market closure offered the chance for volatility.BTC/USD 1-hour chart. Source: TradingViewBitcoin price “getting ready to rip higher”Data from Cointelegraph Markets Pro and TradingView showed BTC price action attempting to ...

Bitcoin remains ‘primary focus’ for investors amid year highs: CoinShares

Bitcoin (BTC) has been the “primary focus” for institutional investors over the last two weeks, according to Coinshares, as the cryptocurrency continues to hit new prihighs for 2023. In a July 3 report from CoinShares’ Head of Research James Butterfill, the analyst noted ...

Price analysis 7/3: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

The United States equity markets have witnessed a solid year so far. The Nasdaq Composite has soared 31.7%, its best first-half performance since 1983. Similarly, the S&P 500 Index’s (SPX) 15.9% gain is its best first half since 2019. This suggests that risky assets remain in demand.In ...

Bitcoin traders torn between breakout and $28K dip as BTC price stalls

Bitcoin (BTC) lingered below $31,000 at the July 3 Wall Street open, with bulls still in need of a catalyst.BTC/USD 1-hour chart. Source: TradingViewBitcoin price: Sink or swim at $30,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in a tight range follo ...

Singapore to require crypto firms to put user assets into trusts by year-end

Singapore’s central bank is introducing new measures to improve investor protection and market integrity in the cryptocurrency industry.On July 3, the Monetary Authority of Singapore (MAS) announced new requirements for crypto service providers to hold customer assets in a statutory trust ...

SEC has pushed investors into ‘toxic’ crypto products and FTX: Winklevoss

For the last decade, the United States securities regulator has forced investors into “toxic” and “unregulated” crypto products, says Gemini co-founder Cameron Winklevoss.On July 2, the Winklevoss twin slammed the U.S. Securities and Exchange Commission (SEC)'s cons ...

Elon Musk imposes ‘rate limit’ on Twitter citing extreme ‘system manipulation’

Social media platform Twitter is temporarily limiting the number of posts that users will be allowed to read per day, after seeing “extreme levels of data scraping and system manipulation,” according to executive chairman Elon Musk. In a July 1 post, Musk said the temporary lim ...

LTC, XMR, AAVE, and MKR turn bullish as Bitcoin stalls under $31K

Bitcoin (BTC) has been trading in a narrow range for the past few days but that doesn’t take away the sheen from its stunning 84% rally in 2023. The strong recovery in Bitcoin’s price has boosted buying in several altcoins, which have risen sharply from their yearly lows.As the second half ...

Price analysis 7/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

Bitcoin (BTC) witnessed a volatile trading session on the last day of the quarter. The bulls were trying to maintain Bitcoin’s price above $31,000 but they received a jolt on a Wall Street Journal report which stated that the United States Securities and Exchange Commission (SEC) had returned app ...

Bitcoin price has never lost more than 10% in July — Is 2023 different?

Bitcoin (BTC) gained 12% in June, but one forecast sees the good times soon fading for bulls.In a tweet on July 1, popular trader CryptoBullet admitted that July might not offer much more BTC price upside.Trader: BTC price rally “likely” ending this monthDespite a ...

Redditor up 25% after boldly taking out $59K worth of personal loans to buy BTC

A Redditor and member of the r/CryptoCurrency community is claiming to be up 25% or $19,500, after taking out three personal loans worth a combined $59,000 to buy Bitcoin (BTC) over the past 18 months. According to the Redditor, whose account is crudely named “Vaginosis-Psychosis,” they no ...

Here’s what happened in crypto today

Here’s what happened in crypto today. South Korea passes crypto bill to tackle unfair tradingThe South Korean government is taking steps to protect cryptocurrency investors from implosions like Do Kwon’s Terra ecosystem by passing a new crypto bill.Chairman K ...

Crypto mass adoption is coming, but how fast?

Cryptocurrencies must reach mass adoption to unlock their maximum potential as a network technology and their value as financial assets. As with other technologies, the adoption of crypto follows a classic bell curve: Starting from a small number of innovators, it grows as early adopt ...

The future economy: Anticipating the central role of crypto payments in financial transactions

With crypto gas prices dropping to lows after numerous recent innovations in scaling and interoperability across different chains, we can more vividly imagine a possible shift toward widespread crypto payments.Crypto payments at scale are currently prevented by regulation, lack of u ...

Don’t be naive — BlackRock’s ETF won’t be bullish for Bitcoin

There is no doubt that BlackRock’s spot Bitcoin exchange-traded fund (ETF) application — and the flood of contenders that followed — has buoyed the bulls. It could signal the winds of change in the regulatory sphere, they say. It could bring Bitcoin exposure to the masses, they ...

US SEC deems spot Bitcoin ETFs filings as inadequate: Report

There may be a longer wait for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, as the Securities and Exchange Commission labeled investment managers’ recent applications inadequate.According to The Wall Street Journal, the securities regulator told the Nasda ...

Bitcoin ‘overreacting’ as SEC returns ETF filings, BTC price dives 6%

Bitcoin (BTC) fell below $30,000 after the June 30 Wall Street open as markets panicked over the fate of its first spot exchange-traded funds (ETFs).BTC/USD 1-hour chart. Source: TradingViewBureaucratic error may explain Bitcoin ETF filing hiccupData from Cointelegraph Markets Pro a ...

Will BlackRock’s ETF slingshot Bitcoin’s price skyward?

Traditional financial firms finally believe that digital assets are here to stay. Or so one might conclude from the slew of announcements last week from some of the world’s premiere financial players.Among them is BlackRock — the world’s largest asset manager with $9 tril ...

Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs

While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and "corruption," executives told Cointelegraph.Speaking to Cointelegraph, Chris Maurice, fo ...

Bitcoin traders say BTC price will soon break beyond $31K yearly highs

Bitcoin (BTC) aborted a fresh attempt to reach $31,000 on June 29, while traders waited for bulls to succeed.BTC/USD 1-hour chart. Source: TradingViewBTC price “primed to launch”Data from Cointelegraph Markets Pro and TradingView showed BTC price action refusing to leave ...

Bitcoin options: How will Friday’s $4.7B expiry impact BTC price?

The $4.7 billion Bitcoin (BTC) monthly options expiry on June 30 might play a decisive role in determining whether the $30,000 price will consolidate as long-term support and open room for further bullish momentum.Why is Bitcoin breaking yearly highs?Many analysts consider Bitcoin’s r ...

North Carolina House passes bill to commission study on holding Bitcoin

A bill that would see North Carolina’s Treasurer study the feasibility and benefits of the state holding Bitcoin (BTC) has passed the lower house of the state’s legislature.On June 28, the House passed the bill which would commission a $50,000 study to examine “acquiring, ...

BlackRock lauds AI as ‘mega force’ to drive returns

Global investment titan BlackRock, which manages some $10 trillion in assets, has declared artificial intelligence a “mega force” that could create significant returns for investors in today’s “unusual” market.In its mid-year outlook report, the BlackRock Inve ...

Price analysis 6/28: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

A large part of the recent leg of Bitcoin’s rally started after BlackRock filed to list a spot Bitcoin exchange-traded fund (ETF) on June 15. Several applications by other firms have been rejected by the United States Securities and Exchange Commission in the past. However, BlackRock’s filing has ...

Will Bitcoin ever trade below $27,000 again?

In the latest episode of The Market Report, analyst and writer Marcel Pechman analyzes some data to conclude whether Bitcoin (BTC) will ever trade at $27,000. Some analysts attribute Bitcoin’s recent 21.5% gains to BlackRock’s spot Bitcoin exchange-traded fund (ETF) filing, but other events might ...

CFTC issues $54M default judgment against trader in crypto fraud scheme

On June 28th, the Commodity Futures Trading Commission (CFTC) announced that Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York had issued a default judgment that granted a permanent injunction against Michael Ackerman, a resident of Alliance, Ohio.  ...

Crypto needs better self-custody: This platform is solving it

While Bitcoin (BTC) offered the world an era of true decentralization, the introduction of centralized exchanges and custodial services has lured people away from the original premise of crypto — trustlessness and self-custody. However, the collapse of major crypto exchanges such as FTX ac ...

Bitcoin ETF race gets hotter as ARK Invest adds surveillance agreement to application

ARK Investment Management has amended its spot Bitcoin (BTC) exchange-traded fund (ETF) application with the United States Securities and Exchange Commission, making it similar to BlackRock’s recent filing. The amendments include a surveillance sharing agreement with the Ch ...

Bitcoin price clings to $30K as Fed’s Powell stresses more rate hikes

Bitcoin (BTC) staged another retest of $30,000 support on June 28 as the United States Federal Reserve stayed hawkish on inflation.BTC/USD 1-hour chart. Source: TradingViewPowell on rate hikes: “More restriction coming”Data from Cointelegraph Markets Pro and TradingView ...

MicroStrategy buys $347M worth of Bitcoin amid market thaw

On June 28, software analytics firm MicroStrategy announced the corporate purchase of 12,333 Bitcoin (BTC), worth $347 million at the time of publication. After the transaction, the total balance of BTC owned by MicroStrategy increased to 152,333 ($4.52 billion), with an average purchase price of ...

BlackRock has ‘50% chance’ of getting spot Bitcoin ETF approved: Analyst

Investment management firm BlackRock has a 50% chance of getting its spot Bitcoin (BTC) Exchange Traded Fund (ETF) approved, according to Bloomberg senior ETF analyst Eric Balchunas. Balchunas’ prediction comes following an observation made by Elliott Stein, a senior litigation ...

Bitcoin miners send record $128M in revenue to exchanges

Bitcoin (BTC) miners are sending record amounts of BTC to centralized crypto exchanges.In a June 27 tweet, on-chain analytics platform Glassnode reported an all-time high in Bitcoin miner revenue sent to exchanges.Percent of miner revenue sent to exchanges. Source: GlassnodeIt noted ...

Bitcoin price surge will come from retail, not institutions: Fireblocks CEO

While an approved BlackRock spot Bitcoin (BTC) exchange-traded fund (ETF) will funnel new institutional money to Bitcoin, it's going to be the retail investors that ultimately drive any significant price surges, according to Michael Shaulov, the CEO and co-founder of institutional custody pl ...

Trader weighs in on possible Bitcoin price drivers for remainder of 2023

Cointelegraph’s Crypto Trading Secrets podcast has published its 10th episode, featuring an interview with trader Michaël van de Poppe, who caters to an audience of more than 650,000 on Twitter under the handle @CryptoMichNL. During the June 14 interview recording, host Benjamin Pirus discussed s ...

Bitcoin bulls grill $31K as Fidelity ETF move fuels BTC price strength

Bitcoin (BTC) challenged $31,000 again after the June 27 Wall Street open as traders hoped for upside continuation.BTC/USD 1-hour chart. Source: TradingView$31,000 returns amid Fidelity Bitcoin ETF rumorData from Cointelegraph Markets Pro and TradingView showed BTC price action edging high ...

Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving

Riot Platforms — one of the world’s largest Bitcoin (BTC) mining companies — has bought 33,280 “next-generation” Bitcoin miners for its Texas facility, costing $162.9 million.The rigs — which were sourced from mining manufacturer MicroBT — will boo ...

$27 trillion AUM is perched over Bitcoin and crypto: CoinShares CSO

There is at least $27 trillion of assets managed by major U.S. financial institutions that are also “actively” seeking to provide clients with exposure to Bitcoin (BTC) and crypto. On June 26, CoinShares chief strategy officer Meltem Demirors highlighted at least eight maj ...

Crypto investment products see largest weekly inflow since July 2022

A recent surge in activity surrounding exchange-traded funds (ETFs) has led to the largest weekly inflow for digital asset investment products since July 2022, according to a June 26 report by CoinShares.Totaling $199 million, inflows for the week of June 19–23 turned around a n ...

How to use DeFi the right way — This latest guide can help

The cryptocurrency market saw an explosion of growth during the 2021 decentralized finance (DeFi) Summer and increased fear of missing out (FOMO), which drove prices of Bitcoin (BTC) and much of the cryptocurrency market to all-time highs. During that time, the total value locked (TVL) across DeF ...

Bitcoin surfs $30K as traders hope US trading will boost BTC price

Bitcoin (BTC) circled $30,500 at the June 26 Wall Street open as bulls held newfound support.BTC/USD 1-hour chart. Source: TradingViewBitcoin ETF hype puts demands on U.S. sessionData from Cointelegraph Markets Pro and TradingView showed BTC price action retaining $30,000 around the ...

BTS: Revisiting the ‘buy $1 worth of Bitcoin’ video 10 years later

Crypto advocate Davinci Jeremie expected to become a hero to his community after talking about Bitcoin (BTC) 10 years ago and why people should buy at least $1 worth of it, but things did not turn out as he expected. In an interview with Cointelegraph, Jeremie shared the story of how ...

Coinbase Credit lends Hut 8 $50M to support Bitcoin treasury

The Canadian Bitcoin (BTC) mining company, Hut 8 Mining, has secured a credit facility from a subsidiary of the United States-based cryptocurrency exchange, Coinbase.Hut 8 officially announced on June 26 that it entered a $50 million credit agreement with Coinbase Credit. The credit facili ...

Bitcoin ETF fever returns: ‘Biggest’ inflow to ProShares’ BITO in a year

Bitcoin (BTC) exchange-traded fund (ETF) fervor is back with a raft of new applications and an increase in capital inflows from institutional investors.On June 26, a surge of inflows to the ProShares Bitcoin Strategy ETF (BITO) — a Bitcoin futures fund — was observed by Bloombe ...

Bitcoin trades above $30K, boosting traders’ interest in ETH, ARB, VET and STX

Bitcoin (BTC) made a new 52-week high on June 23, indicating that bulls are on fire. Buyers have managed to hold onto a large part of the gains made during the week, signaling that they are in no hurry to book profits. Bitcoin climbed 16% this week, outperforming the S&P 500 Index, which fell ...

US Treasury yields are rising — What does it mean for Bitcoin price?

United States Government bonds, or Treasurys, have a tremendous influence across all tradeable markets, including Bitcoin (BTC) and Ether (ETH). In that sense, risk calculation in finance is relative, so every loan, mortgage and even cryptocurrency derivatives depend on the cost of capital attrib ...

Bitcoin sees new all-time highs in 3 countries as BTC price pokes $31K

Bitcoin (BTC) tapped $31,000 for a third time this year on June 25 as the weekly close promised volatility.BTC/USD 1-hour chart. Source: TradingViewBTC price challenges $31,000Data from Cointelegraph Markets Pro and TradingView showed BTC price movements focusing on yearly highs. ...

Ether price eyes $3K as exchanges’ ETH balances drop to an all-time low

Ethereum’s on-chain movements indicate bullish pressure building around Ether as its exchange balances reached an all-time low and staking deposits keep surging. Ether’s (ETH) technical charts suggest that the asset can reclaim $3,000 if buyers are able to push above the resistance be ...

Crypto Biz: The race for a Bitcoin spot ETF, Wall Street’s new crypto exchange, and other news

The bid for the first Bitcoin (BTC) spot exchange-traded fund (ETF) in the United States is gaining traction following BlackRock’s recent application, with both former applicants and new players seeking permission from the U.S. Securities and Exchange Commission (SEC) to list a crypto ETF. ...

Etherscan launches AI-powered Code Reader: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was filled with artificial intelligence (AI)-centered developments on Etherscan, ...

Bitcoin price data suggests bulls will succeed in holding $30K as support this time

Bitcoin (BTC) has been trading above $31,000 after its 24.3% rally between June 15 and June 23, which caught many off guard. For bears, that meant facing $165 million in short futures contract liquidations, but the unexpected rally also brought some degree of discomfort for investors using Bitcoi ...

Price analysis 6/23: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

The rush to apply for a spot Bitcoin (BTC) exchange-traded fund (ETF) rejuvenated the bulls, but this news is likely to boost the price only to a certain distance. As the price moves up, the risks of a crash increase if none of the ETF applications are approved. Trading firm QCP Capital, for exam ...

Robust crypto fundamentals pull through after May’s monthly red candle: Report

In May, Bitcoin (BTC) posted its first monthly loss since December 2022 with a negative 6.98%. However, this consolidation was not obviously driven by a change in fundamentals or the broader macroeconomic environment. The crypto market was looking for direction and liquidity in this phase before ...

Bitcoin volatility takes a break as $31K BTC price yearly highs loom

Bitcoin (BTC) denied the market fresh volatility at the June 23 Wall Street open as traders attempted to guess its next targets.BTC/USD 1-hour chart. Source: TradingViewBitcoin lacks “strong confirmation” of new upsideData from Cointelegraph Markets Pro and TradingView s ...

Bitcoin and correlations — Examining the relationship between BTC, gold and the Nasdaq

Some news sources have been fond of making comparisons between Bitcoin’s (BTC) price action and that of other assets. In particular, the two most commonly compared asset classes are gold and tech stocks.While a correlation holds, it tends to be a big news story. Throughout much of 2022 and ...

‘Bitcoin only’ buy-and-hold investment strategy outperforms altcoins over the long term — Analysis shows

Altcoins offer diverse, innovative features, promising technological advancements, and potentially lucrative investment opportunities.Many-a-time specific altcoins post handsome gains that surpass Bitcoin (BTC), popularly known as altcoin season. However, K33 Research analysis shows over t ...

BlackRock Bitcoin spot ETF nod ‘unlikely in near term’ — QCP Capital

Bitcoin (BTC) will unlikely see its first spot price exchange-traded fund (ETF) in the United States soon.That is the opinion of trading firm QCP Capital, which in its latest market update on June 22 warned over spot ETFs’ prospects.SEC's Gensler presents Bitcoin ETF roadblockBTC pr ...

‘The Great Accumulation’ of Bitcoin has begun, says Gemini’s Winklevoss

Recently renewed optimism for an approved Bitcoin (BTC) spot exchange-traded fund (ETF) is igniting “The Great Accumulation Race” for Bitcoin, according to industry pundits.Over the past week, Fidelity, Invesco, Wisdom Tree and Valkyrie have followed investment giant Black ...

Bitcoin think tank rejects science behind ‘limited adoption problem’ paper

A team of researchers from the Bitcoin Policy Institute, a nonprofit think tank, have roundly rejected the conclusions reached in a 2022 paper claiming that Bitcoin has an intrinsic scaling problem that will lead to limited adoption in the future.According to the Bitcoin Policy Institute’s ...

Bitcoin price taps $30K for first time since April

Bitcoin (BTC) returned to $30,000 after the June 21 Wall Street open in a triumphant continuation of the week’s gains.BTC/USD 1-day chart. Source: TradingViewBitcoin price destroys traces of multi-week downturnData from Cointelegraph Markets Pro and TradingView confirmed a new ...

CleanSpark buys two Bitcoin mining campuses for $9.3M

Crypto mining firm CleanSpark is moving forward with its aggressive infrastructure expansion in the United States by acquiring two Bitcoin (BTC) mining facilities in a $9.3 million cash deal. According to a June 21 announcement, the two facilities CleanSpark will purchase are tur ...

Blackrock’s spot Bitcoin ETF renews optimism, sparks wave of new filings

At least two investment firms have made new filings for spot Bitcoin exchange-traded funds (ETF) following investment colossus BlackRock’s move to lodge a similar application for its own spot Bitcoin ETF on June 15. New York-based asset management fund WisdomTree is the most rec ...

Why is Bitcoin price up today?

Bitcoin (BTC) price is up on June 20, reaching a 14-day high at $28,103. The fresh upside from BTC comes as recent negative news of the SEC cracking down on Binance and Coinbase and bullish traders are likely hopeful that BTC can break its 10-week losing streak. Daily cryptocurrency mark ...

Deutsche Bank crypto plans aid Bitcoin price trip to $27.5K June highs

Bitcoin (BTC) achieved new highs for the month after the June 20 Wall Street open as observers stayed cautious on market strength.BTC/USD 1-day chart. Source: TradingView“No meaningful trend shift” for Bitcoin yetData from Cointelegraph Markets Pro and TradingView showed ...

Wall Street giants back EDX Markets, a new cryptocurrency exchange

EDX Markets, a newcomer to the cryptocurrency exchange landscape, has made a notable entry with backing from prominent financial institutions such as Citadel Securities, Fidelity Investments, and Charles Schwab. The company recently unveiled the launch of its digital asset market on June 20, mark ...

This L1 network creates a secure and efficient interoperable network with Bitcoin, Ethereum and more

In a world of different blockchains, interoperability is becoming an increasingly important issue. While many solutions are already connecting the numerous chains, they don’t come without risks.Different layer-1 blockchains aim to solve this interoperability problem by creatin ...

Bitcoin reaches 50% market dominance for first time in 2 years

Bitcoin (BTC) dominance, the measure of how much Bitcoin makes up of the total crypto market cap, has breached the 50% mark.On June 19 at 6 pm UTC, Bitcoin dominance hit just above 50% and has since settled to 49.9% at the time of publication, according to data from TradingView. Thi ...

Why Cathie Wood is bullish on Coinbase stock and believes Bitcoin will reach $1 million

In an interview with Bloomberg, ARK Invest CEO and chief investment officer Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the Securities and Exchange Commission (SEC) sued Binance, one of Coinbase&rsq ...