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Tether Plans 15% of Its Net Profits Into Bitcoin in Move of Confidence
17.5.2023
Tether, the world’s largest stablecoin issuer by market capitalization, said it is planning to invest 15 percent of its net profits into bitcoin to strengthen its reserves.
Tether said it expects the move to “strengthen and diversify” its reserves of its $1 pegged stablecoin, in a statement...
This Key On-chain Indicator Will Soon Join the List of Those Signalling a Bitcoin (BTC) Bull Market is Here
16.5.2023
An indicator that has reliably triggered ahead of the last three major Bitcoin bulls markets looks like it is about to turn green.
Bitcoin’s Realized Price – the average price at the time at which each coin last moved – looks like it will soon cross above the Realized Price of Long-term Holders...
Valkyrie Goes for a Leveraged Bitcoin Futures ETF Dubbed 'BUFD' in Regulatory Filing
16.5.2023
Asset management firm Valkyrie filed an application to a US regulator to launch a leveraged bitcoin futures ETF with an interesting ticker symbol.
The Valkyrie Bitcoin Futures Leveraged Strategy ETF, with the ticker symbol BTFD, would not invest directly in bitcoin, and instead seeks to benefit...
Bitcoin Has a Problem in the US Says Prominent Hedge Fund Manager Paul Tudor Jones
16.5.2023
American billionaire hedge fund manager Paul Tudor Jones said bitcoin has a “real problem” due to unfriendly regulation in the US, in a recent interview with CNBC.
“Bitcoin has a real problem because in the United States, you have an entire regulatory apparatus against it,” Jones said.
Appearing...
Number of Bitcoin Wallets With At Least 1 BTC Hits 1 Million – Smart Money Still Moving In?
16.5.2023
Last Friday was a historic day for the Bitcoin network.
For the first time in Bitcoin’s history, the number of wallet addresses holding at least 1 BTC entire token surpassed one million....
Read More: Number of Bitcoin Wallets With At Least 1 BTC Hits 1 Million – Smart Money Still Moving In?
Correlation Between Bitcoin and Ether Prices Dips Below 80%, First in 18 Months
15.5.2023
The price correlation between Bitcoin (BTC) and Ether (ETH) has dipped below 80% for the first time since November 2021, new data from crypto researcher Kaiko shows.
According to Kaiko’s data, the correlation between the two largest digital assets dipped to around 78% last week, marking to lowest...
Marathon Digital Served with Additional SEC Subpoena for Alleged Violations
12.5.2023
Bitcoin (BTC) mining firm Marathon Digital has been served with an additional subpoena by the US Securities and Exchange Commission (SEC) over alleged securities laws violations.
The violations referred to in the subpoena are related to a mining facility built by Marathon Digital in Hardin...
Bitcoin Will Probably Retest $25K But Bears Beware, On-chain Indicators Suggest BTC Price in Early-Stage Bull Market
11.5.2023
Bitcoin (BTC)’s short-term technical outlook is not looking good.
The world’s first and largest cryptocurrency by market capitalization has now pulled more than 13% lower versus the yearly highs it printed back in April to the north of the $31,000 level.
In doing so, it has fallen convincingly...
Smart Contracts Have Arrived on the Bitcoin Blockchain – Will BTC Become a DeFi Powerhouse?
11.5.2023
A new era has begun for the Bitcoin blockchain.
Last week, a group of developers deployed a suite of Uniswap smart contracts directly onto the Bitcoin blockchain.
Uniswap is a decentralized cryptocurrency exchange (DEX) that operates on multiple smart contract-enabled blockchains like Ethereum...
Bitcoin Prices Crash Suddenly, Rumors of US Govt Holdings Being Sold-Off – What’s Going On?
10.5.2023
Speculation swirled on Wednesday on whether the US government's Bitcoin holdings were being sold off in the thousands.
In a tweet, Steven or @Dogetoshi, research director at The Block, found transactions labeled as “Gov: DOJ Confiscated funds.”
It then seemed to be a user mistake.
Crypto...
What the Latest US Inflation Numbers Mean for the Bitcoin (BTC) Price
10.5.2023
The latest US Consumer Price Index (CPI) inflation numbers were just released and Bitcoin (BTC), which rallied at the time to hit session highs in the $28,300s, seemed to like it.
According to the latest CPI report, headline inflation fell to 4.9% YoY in April, its first sub-5.0% reading in over...
Bitcoin Network in Flux as BRC-20 Craze Sends Transaction Fees Towards Multi-Year Highs – What Next for BTC Price?
9.5.2023
The Bitcoin network is in flux amid a surge in the popularity of BRC-20 tokens, a new Bitcoin blockchain-based fungible token standard inspired by the Ethereum blockchain’s ecosystem of ERC-20 tokens.
The BRC-20 standard, which was developed and deployed by a pseudonymous Twitter user by the name...
Third Time the Charm for a Spot Bitcoin ETF? Cboe Tries Again To Find Out
9.5.2023
Cboe Global Markets filed a proposal to list and trade shares of a spot bitcoin exchange-traded fund, marking the third time the firm has tried to get US regulatory approval.
Cboe BZX Exchange, operated by Cboe, officially filed with the Securities and Exchange Commission on Tuesday to list...
Bitcoin-Based Meme Coin Growth Disrupts Binance, Drives Up Fees
9.5.2023
A rapid growth in meme coins issued on the Bitcoin blockchain has caused a surge in transaction fees and disrupted withdrawals from Binance.
The growth in Bitcoin transaction fees has in recent days gone parabolic, with the average fee level hitting as high as $19 on Sunday and then $30.9...
Binance to soon reopen $BTC withdrawals
8.5.2023
Binance has announced the reopening of $BTC withdrawals. The development came to light after Binance had halted the withdrawal process of BTC. As per the announcement, all the pending transactions are being processed. They are being replaced with higher transaction fees. The community can expect...
Bitcoin Transaction Fees Surge to 2-year Highs – Where Next for the BTC Price?
6.5.2023
The mean fee to conduct a transaction on the Bitcoin network just shot to its highest level in nearly two years, as per data presented by crypto on-chain analytics firm Glassnode.
On Friday, the average transaction fee clocked in at 0.00032814 BTC, up more than ten-fold from a dip to 0.00003161...
UK Regulator Descends Upon Illegal Crypto ATMs in Latest Raid
5.5.2023
The UK’s financial regulator, along with local police, descended upon illegally operated cryptocurrency automatic teller machines (ATMs) as part of a continued crackdown.
The Financial Conduct Authority inspected sites in Exeter, Nottingham and Sheffield to stop the illegal activity, the regulator...
Bitcoin Consolidates Ahead of Key US Jobs Data, But Falling Yields Could Signal Incoming BTC Price Pump
5.5.2023
Bitcoin (BTC) continues to consolidate within familiar ranges close to $29,000 ahead of the release of key US jobs data on Friday.
The data, which is expected to show that the pace of hiring and wage growth in the US remains robust, and that the unemployment rate remains close to historic lows...
Former Coinbase CTO Loses $1 Million Bitcoin Bet, Warns About US Hyperinflation
4.5.2023
Coinbase’s former chief technology officer Balaji Srinivasan has settled his bet from March that Bitcoin would reach $1 million in just 90 days, while warning the public that he still believes hyperinflation is coming.
“I just burned a million to tell you they're printing trillions,” Srinivasan...
Blockstream Infrastructure Firm Foresees Rapid Growth in Bitcoin's Layer 2 Technologies
4.5.2023
An engineer at the Bitcoin-focused development firm Blockstream has said she sees a “Cambrian explosion” coming for the development of layer 2 technologies on the Bitcoin network....
Read More: Blockstream Infrastructure Firm Foresees Rapid Growth in Bitcoin's Layer 2 Technologies