Bitcoin remains on track to produce surprisingly solid September performance, but BTC price remains down over 11% in Q3. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-price-best-september-since-2016
Month: September 2023
Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K
Bitcoin (BTC) bulls lost their grip on $27,000 into Sep. 30 as the monthly and quarterly close loomed large. BTC/USD 1-hour chart. Source: TradingView Bitcoin braces for three key candle closes Data from Cointelegraph Markets Pro and TradingView tracked a cooling off for BTC price action ahead of the key September candle print. The largest cryptocurrency remained up nearly 4%…
Leased proof-of-stake (LPoS), explained
Understanding leased proof-of-stake LPoS is a type of PoS meant to increase mining power, address inherent issues found in PoW, and improve other types of PoS, such as delegated proof-of-stake (DPoS). Regular cryptocurrency users have probably come across the term proof-of-stake (PoS) when dealing with crypto staking, but what is leased proof-of-stake (LPoS), and is there a connection between the…
Rising Rates Gives New Life to Interest-Bearing Stablecoins
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Though inflation finally appears to be on its way down, interest rates are still soaring. This is painful for several reasons, but for crypto bros, it basically means risk-on assets like Bitcoin and Dogecoin aren’t as attractive as, say, conservative bonds issued by the U.S. government. But it’s not a…
Bitwise announces Ethereum ETF’s launch on October 2
Bitwise Asset Management has revised its spot Bitcoin Exchange-Traded Fund (ETF) application and has confirmed that trading for two Ethereum-focused ETFs will commence on October 2, 2023. This decision comes after having amended its application for the spot Bitcoin ETF. The firm has revealed that trading is scheduled to commence for the Bitwise Ethereum Strategy ETF ($AETH) and the Bitwise…
FTX hacker’s wallet stirs as Ethereum ETFs prepare for U.S. debut
Almost a year following the FTX hack that resulted in the loss of $600 million in tokens, on-chain data indicated recent activity in the wallet of the perpetrator, identified as 0x3e957, on Saturday, Sept. 30, 2023. This is occurring closely to the launch of Ethereum-based ETF in the United States. Based on on-chain data sourced from Spotonchain, the individual responsible…
Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets
The losses on U.S. Treasurys recently surpassed $1.5 trillion, and the likely outcome is turbulent markets, but how will Bitcoin price fare? Source: https://cointelegraph.com/public/index.php/news/bitcoin-inflation-hedge-theory-tested-rising-interest-rates-bring-turbulence-markets
Do Kwon dismisses Slack chat records as irrelevant evidence
Leaked Slack conversations between Terraform Labs co-founders Do Kwon and Daniel Shin have exposed their contemplation of orchestrating fraudulent transactions. Source: https://cointelegraph.com/public/index.php/news/terraform-labs-do-kwon-slack-chat-evidence
Bitcoin ETFs: A $600B tipping point for crypto
A new report indicated Bitcoin ETFs could release $600 billion in new demand — double Bitcoin’s current market cap. Here’s some math behind the estimates. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-etfs-600-billion-tipping-point-crypto
Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets
The losses on U.S. Treasurys recently surpassed $1.5 trillion, and the likely outcome is turbulent markets, but how will Bitcoin price fare? Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-inflation-hedge-theory-tested-rising-interest-rates-bring-turbulence-markets