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Today in Crypto: Top 10 Crypto Ransomware Attacks Took $69M in BTC Payments, Chainalysis Laid Off 5% of Workforce, TeraWulf Starts Public Offering of Common Stock
2.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Top 10 Crypto Ransomware Attacks Took $69M in BTC Payments, Chainalysis Laid Off 5% of Workforce, TeraWulf...
Can Bitcoin (BTC) continue the bullish rally for the entire 2023?
2.2.2023
Bitcoin dominates the crypto market due to its recognition as the first and largest cryptocurrency. With a large user base and a high level of security, Bitcoin has established itself as a reliable investment option in the digital currency world. It has a strong network effect; the more people...
Crypto Surges as Fed Recognizes Disinflation - But Can Crypto Deal With a US Recession?
1.2.2023
Cryptocurrency prices lurched higher on Wednesday in wake of more dovish than expected remarks from Fed Chairman Jerome Powell, who was speaking as usual in the post-Fed policy announcement press conference. Risk assets, including stocks, surged as Powell acknowledged that the central bank has made...
Crypto Assets Under Management Surge 36.7% in January as Markets Recover, But Grayscale Situation Remains “Delicate”
1.2.2023
Read More: Crypto Assets Under Management Surge 36.7% in January as Markets Recover, But Grayscale Situation Remains “Delicate”
S Korean Crackdown Has Not Dampened Youth’s Thirst for Bitcoin-powered Drug Dealing
1.2.2023
Crypto-powered drug trading is still booming in South Korea – and a recent police crackdown on online bitcoin (BTC) and altcoin drug deals has done little to dampen the demand for web-traded narcotics.
Per Kuki News, Twitter and Telegram are still rife with posts from South Korean drug dealers...
This Indicator of Bitcoin HOLDer Conviction Recently Hit a Record High – Here’s What That Means For BTC Price
31.1.2023
A Glassnode on-chain indicator of Bitcoin HODLer conviction called “Reserve Risk” recently fell to its lowest-ever level, indicating that HODLer conviction is at record highs. In wake of the collapse of FTX, formerly one of the largest centralized cryptocurrency exchanges in the world, the Bitcoin...
Grayscale Crypto Firm in Hot Water Again as New GBTC Lawsuit Filed by Osprey – Here's What You Need to Know
31.1.2023
Grayscale, the digital asset management firm that is part of Barry Silbert’s crypto conglomerate Digital Currency Group (DCG), is in hot water after being sued by industry rival Osprey Funds over how it promotes the Grayscale Bitcoin Trust (GBTC) fund.
In the lawsuit, filed on January 30 with...
Bitcoin Option Markets Signal Upside Price Risk Despite Warnings of Possible Fed-fuelled Sell-off
31.1.2023
Bitcoin options markets continue to signal near-term upside risks to the BTC price, despite warnings from strategists that Wednesday’s Fed meeting could trigger a “bloodbath” in cryptocurrency markets....
Read More: Bitcoin Option Markets Signal Upside Price Risk Despite Warnings of Possible...
On-chain Metric Flashes First Bitcoin Buy Signal Since 2019 – Here is What You Need to Know
30.1.2023
According to crypto data analytics firm CryptoQuant, an on-chain metric is giving off a definitive Bitcoin buy signal for the first time since 2019. CryptoQuant’s Profit and Loss (PnL) Index, an index constructed from three on-chain indicators relating to the profitability of the Bitcoin market...
Investors Pile Back Into Bitcoin As Bulls Bet Bottom Is In – Where Could BTC Price Go Headed Next?
30.1.2023
Digital asset investment products saw their largest inflows since July 2022, according to the latest weekly fund flows report from crypto intelligence firm CoinShares. $117 million in capital entered the crypto investment product space, with Bitcoin dominating and accounting for $116 million of...
Bitcoin Sees $116M in Inflows as Price Holds Near 6-Month Highs
30.1.2023
Bitcoin-tied investment funds saw $116 million in inflows last week as the flagship cryptocurrency has managed to hold gains and stay firm so far this year.
According to a Monday report by digital investment company CoinShares, digital asset investment products saw $117 million in inflows last...
Bitcoin Option Markets Keep Sending Bullish Signals – Here’s the Implications for BTC Price
27.1.2023
Bitcoin options markets continue to signal that investors are anticipating further upside in the BTC price. According to a chart on The Block, the widely followed Bitcoin 25% delta skew has remained above zero since the middle of January and recently hit its highest since Q4 2021 at close...
Bitcoin Mining Network Hits New Record Hash Rate Above 300 EH/s
27.1.2023
According to Bitcoin mining data tracking website MiningPoolStats, Bitcoin’s hash rate hit a new record high earlier this week. According to the website, the network reached the milestone of computing three hundred quintillion (300,000,000,000,000,000,000) hashes per second (300 EH/s)....
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The SEC Just Denied Ark 21Shares Bitcoin ETF for the Second Time – Here’s Why
27.1.2023
The US Securities and Exchange Commission (SEC) has yet again refused to give its regulatory blessing to Ark Investment Management and exchange-traded note (ETN) issuer 21Shares to list a spot bitcoin (BTC) exchange-traded fund (ETF).
According to the document published on January 26, the...
Bitcoin Miner Sales Slump to Three Year Lows as Capitulation Risks Fade – What Does This Mean For The BTC Price
26.1.2023
According to data cited by Bitfinex analysts earlier this week, Bitcoin miners are slowing the pace at which they sell the world’s largest cryptocurrency by market capitalization. Bitfinex, citing on-chain data from crypto analytics platform Glassnode, said that BTC flows from miner wallets...
Latest Earnings Report: Tesla Held All of its Bitcoin Despite Market Turbulence
26.1.2023
Tesla, the electric car company owned by Elon Musk, did not sell any of the bitcoin (BTC) it holds on its balance sheet during the bear market, a new earnings report from the company reveals.
According to Tesla’s earnings report for the 4th quarter of 2022, the company held $184m worth of “digital...
Is The Bitcoin Bear Market Over? An Increasingly Strong Confluence of On-Chain/Technical Indicators Say Yes
26.1.2023
Six out of eight indicators watched by analysts at crypto data analytics platform Glassnode to identify when Bitcoin is transitioning out of a bear market are flashing bullish signals, and a seventh is likely to also soon turn green. Glassnode’s “Recovering from a Bitcoin Bear” dashboard...
Crab, Fish and Shark BTC Accumulation Stabilizes – What This Means For the Bitcoin Price
25.1.2023
After rising sharply in number in wake of the Bitcoin price drop that was triggered as a result of the collapse of the FTX cryptocurrency exchange in early November, the number of so-called Crab, Fish and Shark cryptocurrency addresses has stabilized, data from on-chain crypto analytics firm...
Bitcoin Billionaire Roger Ver Sued by Genesis For $21 Million Debt – Here’s What Happened
25.1.2023
The early Bitcoin (BTC) evangelist and now Bitcoin Cash (BCH) proponent Roger Ver has been sued by the now-bankrupt crypto lender Genesis after failing to meet a $21m margin call.
The court action taken by Genesis is related to a crypto options trade that expired late last year, and that Roger...
Why Bitcoin Price Breaking Resistance at $23k and $25k Could be Massively Bullish
25.1.2023
The bitcoin price is consolidating below the important $23,000 level and is still up almost 50% from its 21 November lows, despite pulling back 1.5% in the past 24 hours to $22,600.
If the largest cryptocurrency by market cap can successfully challenge resistance between $23k and $25k, that will...