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Massive $593.5M Bitcoin Move: US Government Shifts Silk Road Stash to Coinbase Prime
14.8.2024
A transaction unearthed by Arkham Intelligence revealed that bitcoins linked to the Silk Road have been moved to Coinbase Prime. “10K Silk Road BTC ($593.5M) moved to Coinbase Prime,” Arkham posted on X. The firm further explained, “Wallet bc1ql received 10K BTC from a known...
The Coming Financialization of Hashrate Markets
14.8.2024
Bitcoin hashrate, the computational power securing the Bitcoin network, is emerging as a unique commodity with intriguing investment potential, say Sadiq Jaffer, Senior Manager, Financial Services, KPMG UK, and Kunal Bhasin, partner for Digital Assets Center of Excellence, KPMG Canada
Blackrock’s Bitcoin and Ethereum Funds Dominate Tuesday’s ETF Inflows
14.8.2024
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced an inflow of $38.94 million, while spot ether ETFs attracted $24.34 million. Tuesday’s Inflows Boost Spot Bitcoin and Ether ETFs The positive momentum continued for spot bitcoin and ether ETFs on Tuesday, with both groups...
BREAKING: US government moves 10,000 Bitcoin
14.8.2024
The United States government is currently the largest geopolitical holder of Bitcoin, with 203,000 BTC under the control of the US
The Anatomy of a Meltdown (and Just BTFD)
14.8.2024
GSR’s Brian Rudick discusses the recent market meltdown, how towering bull tenets and fading risks could propel Bitcoin to $1m, and why the recent dip is a gift, all combining to make cryptocurrency’s risk-reward its most compelling in years
Bitcoin Price May Turn Lower as Crypto Exchanges See $1B USDT Withdrawal: IntoTheBlock
14.8.2024
The previous two occasions when exchanges saw similar USDT outflows earlier this year occurred near local tops in bitcoin's price, IntoTheBlock analysts noted
Low CPI print is fodder for Bitcoin to retest all-time highs — Grayscale research head
14.8.2024
Bitcoin’s response to the CPI report was surprisingly muted
Exodus Expands Wallet Capabilities With Blockchain.com On-Ramp Integration
14.8.2024
Exodus Movement, Inc. has announced a new partnership with Blockchain.com to integrate Passkeys Wallet with Blockchain.com’s fiat on-ramp services. The integration aims to streamline the process of creating and funding cryptocurrency wallets, potentially expanding access to digital assets....
AI may already use more power than Bitcoin — and it threatens Bitcoin mining
14.8.2024
AI may already consume more power than Bitcoin mining, and its deep pockets mean miners face stiff competition for equipment and electricity
Metamask Partners With Mastercard to Launch Crypto-Backed Debit Card in Europe
14.8.2024
Metamask has teamed up with Mastercard and Baanx to launch a debit card that lets users spend their crypto assets directly from their self-custody wallets. Consensys, the firm behind the project, views this new card as a pivotal step in weaving digital currencies into everyday life. Mastercard...
Crypto-All Stars Kicks Off Presale, Launches Innovative Staking Feature for Top Meme Coins
14.8.2024
A new meme coin presale has just begun – and it’s already going viral. Crypto All-Stars (STARS) launched its presale four days ago, and everyone’s buzzing about the clever “MemeVault” feature. With enormous staking APYs on offer, could the MemeVault be what sets...
BTC price suddenly drops 5% as Bitcoin rejects low CPI print
14.8.2024
Bitcoin shrugs off notionally good news on US inflation with a BTC price plunge below $59,000
Wazirx Moves Funds to New Wallets After $230M Crypto Theft
14.8.2024
Indian crypto exchange Wazirx is in the process of migrating the remaining assets from custodian Liminal to new multisig wallets following a security breach that resulted in the theft of over $230 million. Wazirx claims that while its own systems remain secure, the custodian’s interface...
Ethereum-Based Swell Imports Wrapped Bitcoin to Serve as Liquid Restaking Token
14.8.2024
Users can deposit their wBTC to get swBTC in return, with yield expected to start flowing from mid-September – as part of a blockchain "restaking" scheme ultimately designed to secure protocols in the Ethereum blockchain ecosystem
Hut 8 Upgraded to Buy, Risk Reward Is to the Upside: H.C. Wainwright
14.8.2024
The broker upgraded the bitcoin miner's shares to buy from sell and raised its price target on the stock to $13.50 from $7.50
Lark Davis Predicts Next Move as Bitcoin Fails Sustaining $60k
14.8.2024
After the recent performance by Bitcoin, the community is left scratching their heads in anticipation of the next…
CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%
14.8.2024
On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market...
Revolut and Ledger wallet enable new crypto rails in EEA
14.8.2024
Ledger, a major hardware wallet company, has partnered with Revolut to enable crypto trading on its self-custodial wallets in certain EEA countries
$67M Shifted—August Sees Tepid Activity in Dormant Bitcoin Wallet Movements
14.8.2024
Between Aug. 1 and Aug. 14, more than 1,109 BTC, worth around $67 million, moved from long-dormant bitcoin wallets that had been inactive for years. The bulk of this activity came from 17 distinct wallets, all originating in 2017, making this the largest movement of previously idle bitcoin from...
U.S. CPI Rose 0.2% in July, Matching Expectations
14.8.2024