Search
The Halving Effect: Bitcoin Hashrate Decreases as Miners Prepare for Probable Difficulty Drop
5.5.2024
Just over two weeks have passed since the fourth Bitcoin halving took place. During this period, the network’s hashprice dropped from over $100 per petahash to below $45 at the beginning of May. It has since increased to $50 per petahash. Despite the modest rebound, the network’s...
Grayscale’s GBTC Bitcoin ETF Records Inflows For The First Time in 78 Days
5.5.2024
After a prolonged period of continuous outflows, Grayscale's Bitcoin Trust ETF recorded its first day of net positive inflows.
The post Grayscale’s GBTC Bitcoin ETF Records Inflows For The First Time in 78 Days appeared first on Cryptonews
Class Action Lawsuit Claims Coinbase Operates as Unregistered Broker
5.5.2024
A new class action lawsuit was initiated against the San Francisco-based cryptocurrency exchange Coinbase on May 3. The legal action claims that Coinbase deliberately sold securities that are unregistered with regulatory authorities. Additionally, the lawsuit charges Coinbase with operating as...
Where to store your crypto: Wallets provide diverse options for holders
5.5.2024
Choosing a crypto wallet can be intimidating for newcomers. Which wallet is the easiest to use and the safest for storing digital assets?
BTC Ponzi Scheme Mastermind Suffers Heart Attack, Analyst Eyes $300K BTC Price, and More — Week in Review
5.5.2024
Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, died of a heart attack while under house arrest in Brazil. A technical analyst predicts a significant surge in Bitcoin’s price, suggesting it could reach $300,000 during the upcoming aggressive phase of the bull...
Bitfinex CTO Dismisses Breach Claims as ‘Pure FUD,’ Says No Group Has Asked for Ransom
5.5.2024
Paolo Ardoino, the chief technology officer of Bitfinex, has dismissed claims that Bitfinex has been breached as “pure FUD [fear, uncertainty and doubt].” A report by Shinoji Research suggested that the ransomware group, Fsociety, might have access to every Know Your Customer (KYC)...
Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern
5.5.2024
Nigerian authorities are reportedly planning to prohibit financial institutions from facilitating peer-to-peer cryptocurrency transactions. According to a report, Nigeria’s Office of the National Security Adviser has classified cryptocurrency trading as a national security concern. Three fintech...
South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning
5.5.2024
The South African Financial Intelligence Centre recently issued a draft directive calling crypto-asset service providers to implement the Financial Action Task Force’s (FATF) travel rule. However, key figures in South Africa’s crypto industry say several factors could hinder the implementation...
Bitcoin will 'propel the next leg up' if key trading pattern confirms — Traders
5.5.2024
The inverse head and shoulders pattern forming "would make sense" if Bitcoin doesn't "break straight through" to $67,500, according to a crypto analyst
Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August
5.5.2024
Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices...
Robert Kiyosaki Shares Crash Survival Rules — Warns ‘Crash Has Begun, It Will Be a Bad One’
5.5.2024
Rich Dad Poor Dad author Robert Kiyosaki has cautioned that a crash has begun, highlighting its severity. The famous author also shared his crash survival rules. He urged investors to invest in bitcoin, alongside gold and silver, emphasizing that they are “real money that goes up in value...
Block Is Buying Bitcoin Every Month for Its Balance Sheet
4.5.2024
Block Inc. has announced its strategy of regularly purchasing bitcoin for its corporate balance sheet via dollar-cost averaging (DCA). The company plans to allocate 10% of its monthly gross profit from bitcoin products towards investments in the cryptocurrency. “We view bitcoin as...
Jack Dorsey-Backed Initiative Donates $21M to Bitcoin Nonprofit Opensats to Bolster Development
4.5.2024
According to the 501(c)(3) public charity Opensats, a nonprofit focused on supporting Bitcoin-related initiatives and efforts that contribute to Bitcoin’s success, Jack Dorsey’s philanthropic endeavor #startsmall has contributed $21 million to the organization. Bitcoin Development...
BTC-e Operator Alexander Vinnik Pleads Guilty to Money Laundering Charges
4.5.2024
According to a press release from the U.S. Department of Justice, Alexander Vinnik, a former operator of the BTC-e exchange, has admitted to a conspiracy to launder money. This admission of guilt comes over six years following his arrest in Greece on July 25, 2017. BTC-e’s Vinnik Pleads...
Snowden Issues ‘Final Warning’ to Bitcoin Developers on Privacy Enhancements
4.5.2024
In the wake of the U.S. intensifying its clampdown on privacy-oriented software and Zksnacks closing its coordinated coinjoin service, Edward Snowden, the NSA whistleblower and former contractor, has issued a stern warning to Bitcoin developers. Snowden emphasizes that time is running out...
Bitcoin Price Prediction as BTC Is Back Above $60,000 Before the Weekend – Bullish Week Incoming?
4.5.2024
Bitcoin surges past $63,200, boosted by halted rate hikes and fresh inflows into ETFs, suggesting a bullish trend ahead as market cap hits $2.36 trillion.
The post Bitcoin Price Prediction as BTC Is Back Above $60,000 Before the Weekend – Bullish Week Incoming? appeared first on Cryptonews
NFT Market Sees Over 30% Decline in Weekly Sales
4.5.2024
From April 27 to May 4, 2024, non-fungible token (NFT) sales amassed $164.4 million, reflecting a 30.16% decrease compared to the previous week. Leading the field in blockchain sales, Bitcoin-based NFT sales totaled $56.81 million, experiencing a 41.57% drop from the preceding week. Bitcoin...
Bitcoin opens $63K futures gap as thin liquidity threatens BTC price
4.5.2024
Bitcoin market participants are doubting the staying power of the ongoing BTC price relief bounce
Grayscale’s Bitcoin Trust Halts 78-Day Outflow Streak With $63M Inflow
4.5.2024
Statistics indicate that after a prolonged period of 78 days, Grayscale’s Bitcoin Trust has ceased experiencing outflows, observing an infusion of $63 million on Friday, equating to around 1,030 bitcoins. GBTC Sees First Inflows After 78 Days For the time being, Grayscale’s Bitcoin...
US Authorities Charge Man in Connection With $43 Million ‘Classic’ Ponzi Scheme
4.5.2024
U.S. authorities have charged a man they accuse of operating a Ponzi scheme, which purported to invest in a cryptocurrency trading enterprise. The operator of the scheme is accused of defrauding investors of at least $43 million. FBI Assistant Director James Smith said the actions of Idin Dalpour...