Across this week’s stories, the pattern is the same: decisions made in better times are being revisited. Binance is managing it by chasing licences across two continents. Strategy is responding by selling Bitcoin, which it once had no intention of touching. IBM is dealing with the fallout of customers who have decided AI spending comes[…]
Bitcoin started July strongly, then lost momentum. The crypto market is still up on the month, but the rally’s foundations look shaky: ETF flows are weak, open interest is falling, and the largest corporate Bitcoin holder just sold a significant chunk of its holdings. Elsewhere, the industry faces a longer-term threat to its core infrastructure[…]
This week brought important changes in crypto and emerging tech. European regulators increased their oversight, new types of institutional Bitcoin products appeared, and AI-powered business systems started to play a bigger role in daily operations. In Europe, the Markets in Crypto-Assets Regulation (MiCA) is beginning to have a noticeable impact as exchanges race to secure[…]
More than 70 per cent of crypto investors believe Bitcoin is undervalued, according to a new global survey by Coinbase and Glassnode, highlighting growing conviction that the market is nearing a turning point. The findings suggest that both institutional and retail participants increasingly view the current cycle as a late-stage downturn, even as on-chain data signals a potential accumulation[…]
Goldman Sachs has filed an application for a Bitcoin Premium Income exchange-traded fund (ETF), marking a fresh step by the Wall Street bank into cryptocurrency-linked investment products. The proposed fund aims to offer investors exposure to bitcoin while generating regular income through an options-based strategy. Income strategy tied to bitcoin exposure According to Coin Desk,[…]
Crypto liquidity provider BlockFills has paused client deposits and withdrawals following a sharp fall in bitcoin prices, highlighting fresh stress in digital asset markets. The Chicago-based firm said it halted withdrawals last week and is working to restore liquidity across its platform. The move comes after renewed volatility in the crypto market triggered by a[…]
A major error at a South Korean cryptocurrency exchange briefly made hundreds of users multi-millionaires after bitcoin was sent by mistake instead of a small cash reward. Regulators are now reviewing the incident. A South Korean cryptocurrency exchange, Bithumb, accidentally gave away more than $40billion worth of bitcoin to customers due to an internal system[…]
China has accused the United States government of masterminding the theft of 127,272 Bitcoin, worth roughly $13 billion, from the now-defunct LuBian Bitcoin mining pool, in what Beijing describes as one of the largest crypto heists in history. The Chinese National Computer Virus Emergency Response Centre (CVERC) reported last week that the 2020 theft was[…]
Bitcoin hit a new all-time high of $125,296.58 during Asian trading on Sunday, trading around $124,801 as of 08:25 GMT. The surge follows a dip below $110,000 in late September and a recovery that saw it close at $120,350 last Friday, the highest in seven weeks. October has historically been a strong month for Bitcoin,[…]
Bitcoin has extended its rebound on Wednesday, briefly reaching the $100,000 mark on the back of encouraging inflation report fueling investor’s risk appetite. The cryptocurrency experienced a 7 percent gain over two days, according to Coin Metrics. Bitcoin was last higher by more than 3 percent at $99,493.26, reflecting broader market optimism, driven largely by[…]
Bitcoin, the world’s largest and most prominent cryptocurrency, hit an all-time high on 16th December, crossing the $107,000 mark. This unprecedented surge set a new milestone in the crypto world and came after U.S. President-elect Donald Trump shared his plan to create a U.S. Bitcoin strategic reserve, similar to its strategic oil reserve. Market reaction[…]
The identity of Bitcoin’s creator has been one of the most compelling mysteries in the world of cryptocurrency. Over a decade has passed since Bitcoin’s rise, and the question of who Satoshi Nakamoto truly is has never been conclusively answered. Now, a new HBO documentary has reignited speculation, suggesting that Peter Todd, a Canadian developer,[…]