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Tracing the Origins of Bitcoin's Newest $3.1 Billion Wallet
25.8.2023
A new Bitcoin holder has recently entered the spotlight, accumulating 118,300 Bitcoin valued at approximately $3.1 billion based on current market evaluations. Data provided by BitInfoCharts reveals this undisclosed BTC wallet now ranks as the third-largest holder of Bitcoin. It follows closely...
Navigating strategies during Bitcoin’s price dips
25.8.2023
Every significant cryptocurrency, including Bitcoin, had a challenging year in 2022. Bitcoin, the largest cryptocurrency in the world, lost approximately 65% of its market value in 2022 due to a succession of unforeseen events, such as the collapse of the largest crypto exchange, FTX, the Terra...
Bitcoin’s potential: Can easing sell pressure ignite a Rally?
25.8.2023
Bitcoin (BTC) has been on a downtrend. Many experts and crypto enthusiasts are talking about trend reversal, but we have not seen any spike in trading volume. Could the recent decrease in selling pressure in BTC lead to its value going up again? Let’s take a closer look at how BTC is doing...
FBI Warns of North Korean Hackers’ Intent to ‘Cash Out’ $40M in Bitcoin
23.8.2023
On August 22, 2023, the FBI issued an alert, cautioning about North Korean hackers possibly trying to cash out bitcoin valued at over $40 million. U.S. Intelligence Flags Potential $40M Bitcoin Liquidation by North Korean Hackers The FBI is urging both public and private sectors to be vigilant...
Wall Street Analyst: Bitcoin's Resilience Amidst Sell-Off and Potential Outperformance in Recessionary Environment
23.8.2023
In a recent analyst note by Mike Colonnese, CFA, the focus shifts to the recent developments in the Bitcoin (BTC) market and its implications for the future.
The study details BTC's reactions to significant sell-offs, the reasons behind the previous week's sharp decline, and prospects for BTC in...
Higher Bond Yields Contribute to Bitcoin's Extended Losses
23.8.2023
Bitcoin losses continued today as bond yields continued to rise, causing concern for investors. This downturn has seen the leading digital currency dip below its two-month low of $26,000 for a loss of 0.74% over the past 24 hours.
The drop in Bitcoin's price comes after a challenging week for...
The Enigmatic Rise of the $3 Billion BTC Whale — Tracing the Mysterious Path of Bitcoin’s Third Largest Wallet
22.8.2023
This week, various reports and social media discussions have centered around the third-largest bitcoin (BTC) wallet, a long-standing enigma that potentially maintains the same ownership despite changes in its address. Billion-Dollar Mysteries: The Cryptic Evolution of Bitcoin’s Third-Largest...
Analysis Suggests Bitcoin’s 2024 Halving Could Propel Price to $400,000
22.8.2023
The highly anticipated 2024 bitcoin halving could spark a meteoric price rise, potentially driving its value to a staggering $400,000, suggests an analysis by Blockware Solutions. The forecasted supply trim in 2024 might ignite an explosive demand for bitcoin. The report highlights how a dynamic...
As Ordinal Transaction Dominance Soars, NFT Advocates Question Bitcoin’s Reported Downturn
21.8.2023
Metrics reveal a significant day for the Bitcoin blockchain as 411,511 Ordinal inscriptions were minted Sunday, clinching the title of the second most prolific day for inscriptions ever. Additionally, over the past seven days, Ordinal inscriptions represented a hefty 53.9% of all transaction...
Bitcoin’s Transaction Backlog Surges Past 400,000
20.8.2023
A fortnight ago, unconfirmed BTC transactions dipped under 300,000. However, they’ve since rebounded, surpassing the 400,000 mark. While the average network fee remains under $1, since August 6, it’s fluctuated from $0.77, peaking at $2.59 per transaction just two days later on August...
Kiyosaki: Buy Silver Before It’s Gone; Michael Burry Bets Against Stocks — Week in Review
20.8.2023
Rich Dad Poor Dad author Robert Kiyosaki urges buying silver before it’s gone, hedge fund manager Michael Burry has bet $1.6 billion on the stock market collapsing, and mining rig manufacturer Bitmain is set to reveal a cutting-edge BTC miner at the 2023 World Digital Mining Summit. This...
Bitcoin’s resilience: Insights into its price action and future
17.8.2023
In the ever-evolving landscape of cryptocurrencies, the second quarter of 2023 has emerged as a defining period for digital gold: Bitcoin. The data paints a vivid picture of Bitcoin’s triumphant ascent, with its price surging by an impressive 85% year-to-date (YTD). This surge not only...
Bitcoin's 2023 Bullish Trendline in Focus as Traders Search for Directional Clues
17.8.2023
A bullish trendline is a an upward-sloping diagonal line connecting two or more higher price lows
What is Bitcoin’s fee-to-reward ratio?
16.8.2023
The Bitcoin network’s fee-to-reward ratio refers to the proportion of the miner’s income coming from transaction fees compared to the total block reward
Dormant Since 2010, Bitcoin Address Awakens to Move 1,005 BTC Worth $29.7 Million
14.8.2023
On the morning of Monday, August 14, 2023, at the precise block height of 803,135, a dormant bitcoin address — created on November 9, 2010 — stirred to life. After lying in slumber for an exacting 12.9 years, it awoke to spend a staggering 1,005 bitcoin, a sum swelling to...
A Tumultuous August: Peaks and Valleys in Bitcoin’s Ordinal Inscription Saga
14.8.2023
Statistics reveal a continued trend in the number of Ordinal inscriptions, which recently eclipsed the 23 million mark. The month of August, however, has experienced two notable dips, each registering fewer than 100,000 inscriptions per day. These low points in August occurred specifically...
InQubeta thrives in presale amid Bitcoin’s sub-$30k performance, wooing institutional interest
13.8.2023
While Bitcoin (BTC) prices have failed to hold above the $30k mark multiple times this year, InQubeta (QUBE) has raised over $2.1 million in token sales despite how bearish cryptocurrency markets have been. Even institutional investors are starting to monitor the project’s market-defying...
Idle No More: $11.4 Million in ‘Sleeping Bitcoins’ Wake up After Years of Dormancy
13.8.2023
Hovering just above the $29,000 mark, bitcoin’s value remained relatively stable while an interesting event occurred on Saturday afternoon: a dormant cache of 195.79 bitcoins, untouched for over seven years, was transferred for the first time since 2016. This action was followed by another...
Unidentified Miners, F2pool Lead All-Time Bitcoin Mining Rankings: A Comprehensive Review of Bitcoin’s Historic Block Discovery
12.8.2023
Since the inception of the Bitcoin blockchain by Satoshi Nakamoto, the network has diligently processed in excess of 800,000 blocks. An examination of data from 99 distinct mining pools, spanning the previous 14 years, reveals that unidentified mining participants discovered 28.37% of...
Microstrategy’s Stock Soars 206% After Adopting Bitcoin Strategy
12.8.2023
Microstrategy’s stock (Nasdaq: MSTR) has risen 206% after the company adopted bitcoin as its primary treasury reserve asset. The business intelligence firm now holds 152,800 bitcoins, acquired for a total cost of $4.53 billion, and it has plans to buy even more. Microstrategy’s Stock...