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Fight for Lost BTC in Garbage Dump Continues for British Man, SBF Possibly Abused in Jail, and More — Bitcoin.com News Week in Review
17.9.2023
Former IT professional James Howells is still struggling to recover 7,500 lost bitcoins from a hard drive in a South Wales landfill, after years of failed negotiations with a local city council. Howells is now preparing to take legal action in order to sift through the waste to find his misplaced...
Dormant 2012 ‘Sleeping Bitcoin’ Addresses Spring to Life, Moving $8.6M in Vintage Coins
16.9.2023
Onchain evidence reveals that three dormant ‘sleeping bitcoin’ addresses, established in January 2012, have awakened, moving a total of 325.19 bitcoin valued at over $8.6 million after an 11-year hiatus. Vintage Bitcoin Vaults Open: $8.6M Moved From 2012 Dormant Addresses Bitcoin News...
Bitcoin’s Mempool Congestion: Unconfirmed Transactions Approach 700,000 in September
15.9.2023
Over the last fortnight, the quantity of unconfirmed bitcoin (BTC) transactions has consistently exceeded the 500,000 mark, nearly touching 700,000 on September 6, 2023. Metrics indicate that Bitcoin’s mempool, a shortened term for “memory pool,” has not completely cleared...
What are key factors influencing Bitcoin’s potential bull run?
15.9.2023
Traders and players have started a wild and thrilling ride in cryptocurrency, with Bitcoin leading the way. Over time, Bitcoin has constantly displayed astounding price increases, raising the logical query of whether a new bull run is about to begin. Understanding the factors behind Bitcoin’s...
Bitcoin’s Path to Money: Menger’s Theory and the Debate on Medium of Exchange vs. Store of Value
13.9.2023
Over the past ten years, fervent supporters of digital currency have engaged in intense debates: Is bitcoin (BTC) designed as peer-to-peer electronic cash as illustrated in Satoshi’s groundbreaking white paper, or does it serve as a digital store of value, similar to gold? Additionally,...
Dormant Bitcoin Awakenings: $958 Million in ‘Sleeping Coins’ Stir in 2023
11.9.2023
In 2023, a notable wave of dormant ‘sleeping bitcoin’ transactions resurfaced, totaling a staggering 37,330 BTC valued at $958 million based on current BTC exchange rates. Throughout the year, analysis revealed that these inactive bitcoin wallets from 2010 and 2011 are becoming...
‘I’m Bullish on Bitcoin’ — Ted Cruz Champions Bitcoin’s Boon for Texas and Power Grid Boosts
9.9.2023
Ted Cruz, the U.S. Republican senator from Texas, expressed his optimism on Friday, stating he’s “bullish on bitcoin,” after a recent interview with Forbes released on September 8. During the conversation, Cruz highlighted emerging reports indicating that bitcoin mining...
Bitcoin’s 21 Million Supply Cap: Immutable Truth or Future Flexibility?
6.9.2023
This week, the crypto community is abuzz with discussions about Bitcoin’s 21 million supply cap and the potential for its alteration. On September 4, in a social media exchange, software developer and Bitcoin Core contributor Peter Todd expressed his belief that in “10-20 years the idea of...
$21 Million in ‘Sleeping Bitcoins’ Awaken After Years of Dormancy
6.9.2023
Despite Bitcoin’s (BTC) price dipping 6.4% this week and hovering below the $26K mark, a flurry of activity was noted between September 5th and 6th as several substantial ‘sleeping bitcoins’ stirred. After a lull of slightly over six years, an individual splurged 359.92...
Casascius Bitcoin Peels: $10M Cashed in 2023, Yet a $1 Billion Stash Remains Unclaimed
4.9.2023
While bitcoin (BTC) is already a limited asset, Mike Caldwell’s Casascius physical bitcoins take rarity to a whole new level. Between 2011 and 2013, he endowed over 27,000 coins and bars with nearly 100,000 BTC. As we step into September 2023, a limited supply of 19,082 Casascius physical...
Bitcoin's Use as Margin Collateral in Crypto Futures Trading Is Growing
4.9.2023
Using BTC as collateral for a derivative is effectively a double whammy, according to analysts
5 Sectors gaining advantages from Bitcoin’s evolution
4.9.2023
Bitcoin, the leading cryptocurrency in the sphere of digital assets, continues to go a long way toward revolutionizing the financial realm extraordinarily. As a burgeoning digit asset, the use of Bitcoin can be easily witnessed in a variety of industries, leveraging them phenomenally. Whether it...
Bitcoin’s Largest Accounts: Peering Into the Top 10 Wallets on the ‘BTC Rich List’
2.9.2023
In recent weeks, buzz within the crypto sphere has centered on prominent bitcoin and ethereum holders. Some addresses are awash with speculation, while others have earned distinct labels. Interestingly, a handful have purportedly been unmasked, leading to many of the top ten BTC addresses being...
Bitcoin's Decline Continues for Second Month Despite Grayscale Ruling
1.9.2023
The price of Bitcoin (BTC) ended down for the second consecutive month yesterday, despite bullish news that a spot Bitcoin exchange-traded fund (ETF) could be coming soon.
For August as a whole, the BTC price ended down just over 11%, from around $29,200 at the beginning of the month to 25,900...
Bitcoin ETF Applications Are Bitcoin's Best Marketing Strategy
31.8.2023
Bitcoin's Subtle Dance: Analyzing Weekly Trends and the ETF Wait Game
29.8.2023
Over the course of the week ending 8/27, the Bitcoin market saw some dramatic changes. Bitcoin settled around $26,000 last week, slightly outpaced by the S&P 500 and Nasdaq, which registered a week-over-week increase of 0.8% and 2.3% respectively. What caught the eye of many investors, however,...
Bitcoin's Most Loyal Holders Continue Accumulation Despite Price Lull
29.8.2023
Long-term holders continue to accumulate bitcoin, with 40% unmoved in more than three years, or an all-time high for that metric
Is Bitcoin’s future secure amidst a prolonged bear phase?
29.8.2023
Bitcoin, the pioneer of cryptocurrencies, has been too volatile. If you started investing in Bitcoin in 2020, you might find the current market condition ‘bearish.’ It is called time capitulation. You can also consider it as the extended bear market that Bitcoin is currently experiencing. In this...
Glassnode and Ark Invest Introduce ‘Cointime Economics’ — A New Model to Measure Bitcoin’s Value
27.8.2023
Researchers from Glassnode and Ark Invest have collaborated to develop a new economic model for analyzing Bitcoin’s onchain metrics called “Cointime Economics.” The framework offers an alternative way to measure the economic activity and value of bitcoin based...
Real-World Challenges Pose Threats to Bitcoin's Next Bull Run – Here's What You Need to Know
26.8.2023
Bitcoin (BTC) faces a myriad of real-world obstacles on its journey to the next bull run.
As the world's largest cryptocurrency struggles to regain the heights it reached in 2021, experts argue that Bitcoin needs to address several challenges before expecting a major rally.
One immediate hurdle...