Category : Bitcoin.com

Bitcoin.com

LMAX CEO Expects Bitcoin to Trade in Six Digits in the Future

The chief executive of LMAX Group says he expects bitcoin to trade in six digits in the future. He explained that based solely on supply and demand, with bitcoin allocation potentially reaching 3%-5% of global assets, “you should see the p...

Court Dismisses Custodia Bank’s Challenge Against Federal Reserve

In a significant ruling, a federal judge has dismissed Custodia Bank Inc.’s claim for entitlement to a Federal Reserve master account, marking a setback for the Wyoming-based depository institution. Custodia Bank argued that the Federal Reserve...

Bitcoin ETFs Experience Turnaround With $859M Inflows After Previous Outflows

U.S. spot bitcoin exchange-traded funds (ETFs) have enjoyed a streak of positive inflows for four consecutive days, according to the latest figures. This rise in interest comes after a previous week that witnessed five straight days of outflows, tota...

Grayscale Study Pinpoints Bitcoin in Mid-Phase Bull Run, Eyes Future Growth

Amidst a vibrant resurgence in bitcoin’s value, a comprehensive analysis by Grayscale and researcher Michael Zhao sheds light on the anatomy of the current bitcoin market cycle. The study explores whether we are entrenched in a bull run, detai...

Bitcoin Halving Inches Closer With Fewer Than 2,900 Blocks Remaining

The next Bitcoin halving is on the horizon, drawing closer with each passing block and anticipated to take place anywhere between April 18 to April 22, 2024, at the milestone of block 840,000. Following this event, the reward for mining a block will...

Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE

This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March was...

Convicted UK Woman Found With $4B in BTC, the SEC Seeks $2B Fine From Ripple, and More — Week in Review

A London woman has been convicted for money laundering, having been found with over $4.3 billion in bitcoin, which she converted into physical assets. The SEC is seeking a nearly $2 billion fine from Ripple Labs in a landmark XRP lawsuit, a move Ripp...

Consensys to SEC: Recognize the Advanced Safeguards Inherent in Ethereum’s Design

Consensys has told the U.S. Securities and Exchange Commission that Ethereum’s proof of stake implementation “meets and even exceeds the security of Bitcoin’s Proof of Work (PoW).” The blockchain software company said the commission...

Detained Binance Executive Sues Nigerian Anti-Graft Agency for ‘Fundamental Rights’ Violation

The Binance executive who is being held by Nigerian law enforcement has sued the country’s anti-corruption agency for violating his fundamental rights. The executive also wants the local court to declare the seizure of his passport “a vio...

Families Worth up to $100 Million Prefer Algorithmic Cryptocurrencies to Tokens — Study

Families with a net worth of up to $100 million exhibit a strong preference for algorithmic cryptocurrencies over tokens (4.32% versus 0.92%), a new study has found. The study cites statistics indicating that ownership continuity is disrupted in 91%...

Bitwise Sees ‘Raging’ Bitcoin Bull Market — Expects April Halving to Be ‘the Most Impactful We’ve Seen”

Bitwise Asset Management believes that “bitcoin is in a raging bull market” in the long term. Its chief executive anticipates the upcoming bitcoin halving to be “the most impactful we’ve seen.” The firm’s chief investmen...

Robert Kiyosaki Urges Ditching US Dollar for Bitcoin — Warns Boomers’ Retirements Going Broke as Paper Assets Crash

Rich Dad Poor Dad author Robert Kiyosaki has urged investors to ditch the U.S. dollar and buy bitcoin alongside gold and silver. He warned that “baby boomers’ retirements are going broke as paper assets crash.” The famous...

Blackrock Spot Bitcoin ETF’s Holdings Soar Past 252K BTC — CEO Says He’s ‘Pleasantly Surprised’ by Retail Demand

Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has significantly increased its bitcoin holdings, which have now surpassed 252,011 BTC, representing an approximate notional value of $18 billion. This subs...

Peter Schiff Warns of Severe Economic Repercussions, Highlights Inflation and Money Supply Concerns

In a recent analysis, economist Peter Schiff draws stark comparisons between the current U.S. economic optimism and the prelude to the 2008 financial crisis. Schiff, leveraging his expertise, warns of impending financial turmoil, emphasizing the crit...

Market Resilience Tested as NFT Sales Fall for Third Consecutive Week

Sales of non-fungible tokens (NFTs) have dipped once more, marking the third consecutive week of decline, with a 14.97% decrease compared to the previous week. Leading the charge in this week’s sales from March 23 to March 30, Bitcoin NFT trans...

Dogwifhat Rises to Become the Third-Largest Meme Coin by Market Valuation

This week, the crypto asset dogwifhat (WIF), a meme coin, ascended to the third-highest valuation among all meme tokens. In the last day, WIF appreciated by 17% against the U.S. dollar and saw a 435% increase over the past 30 days. WIF Surpasses Majo...

Vintage Bitcoin Vaults Awaken — Over $41M in BTC Moves After 11.7 Years of Slumber

On Friday, March 29, 2024, an early bitcoin enthusiast who acquired their holdings in 2012 transferred 100 bitcoins, valued at approximately $6.98 million, at block height 836,813. Roughly 42 blocks later, at block height 836,855, another individual,...

Silver Left Behind as Gold Claims the Spotlight With Record Price Spike to $2,233 per Ounce

This week, the value of gold soared to an unprecedented peak, hitting $2,233 per troy ounce as of March 29. In contrast, silver has not exhibited the same level of brilliance, with its value standing at $24.97 per troy ounce, a significant 91% declin...

Arrow Markets Secures $4M in Series A to Forge New Paths in Crypto Options Trading

On Friday, the Avalanche-based options protocol, Arrow Markets, unveiled its successful $4 million Series A fundraising initiative. The global project aiming to “revolutionize crypto options trading” garners support from prominent backers including F...

Ethena Details ENA Airdrop for Shard Holders, Announces Bitcoin Sats Campaign

Ethena, the protocol for the synthetic crypto native dollar, has announced an airdrop of its governance token, ENA, for participants in its shard campaign. The platform has stated that after a 6-week shard operation, 750 million ENA (which is 5% of t...

TRM Labs Report: Tether’s USDT Was the Go-to Stablecoin for Illicit Activities in 2023

A report issued by TRM Labs indicated that Tether’s USDT, the largest stablecoin in the cryptocurrency industry, was the preferred stablecoin used for illicit transactions during 2023. TRM Labs alleges that 1.6% of USDT’s volume was lin...

Galaxy CEO: US Debt Crisis Drives Demand for Bitcoin

Galaxy Digital CEO Mike Novogratz has proposed several measures to prevent a U.S. debt spiral. The executive explained that the U.S. debt crisis makes it “so easy to convince people to buy bitcoin and other hard assets.” He emph...

Quadrigacx Co-Founder Compelled to Account for 45-Bar Gold Stash

Michael Patryn, co-founder of the now-defunct Quadrigacx cryptocurrency exchange, has been compelled by Canadian officers to explain the origin of his wealth. Patryn must explain how he acquired a stash of 45 gold bars, more than $180,000 in cash, an...

Vitalik Buterin Explores Blobs and Parallelization in L2 Rollup Analysis

In a recent deep dive into Ethereum’s future scalability and infrastructure, Ethereum co-founder Vitalik Buterin discusses the latest introduction of blobs and their significant role in the evolution of layer two (L2) rollups. This pivotal deve...

Bitmain Reveals S21 Pro Bitcoin Miner: Pioneering 15 Joules per Terahash

On Friday, the producer of bitcoin-specific application-specific integrated circuit (ASIC) mining equipment, Bitmain, unveiled the latest Antminer S21 Pro model during the World Digital Mining Summit (WDMS). This new device features a hashrate of app...

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