The rise of digital currencies, exemplified by Bitcoin (BTC), brought a groundbreaking shift in the financial landscape. However, it also brought to light a critical challenge: price volatility. Bitcoin and many other early cryptocurrencies exhibited extreme price fluctuations, making them difficult to use for everyday transactions or as a reliable store of value. Users recognized the need for stability when…
Buffett’s bet on crypto-friendly Nubank has put Berkshire Hathaway $130 million in profit already this year. Source: https://cointelegraph.com/app/public/index.php/news/warren-buffett-crypto-nu-stock-apple-amazon-2023-bitcoin
Warren Buffett may still view cryptocurrencies and Bitcoin (BTC) as “rat poison squared,” but he is generating big profits from his position in a crypto-friendly bank in 2023. Warren Buffett’s “crypto bet” up $130 million in 2023 The “Oracle of Omaha” purchased 107 million shares of Nu Holdings, a Brazil-based fintech company and owner of the crypto-friendly Nubank, via his…
Core Scientific, once a titan in the Bitcoin mining industry, has reached a significant milestone following its December Chapter 11 bankruptcy filing. The company yesterday announced an agreement in principle to move ahead with its reorganization plan, indicating potential progress toward resolving its financial woes. Importantly, Core Scientific expects to emerge from Chapter 11 and start fresh by the end…
The attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the judge, seeking changes to the jury instructions; in the letter addressed to Judge Kaplan, the defense attorneys requested that the jury consider the role of English law in governing FTX’s terms of service. The proposal calls on 12 jurors in the case to consider that for…
In the shadowy corners of the digital world, where the glow of computer screens illuminates faces with eerie light, there exist tales of lost fortunes. These tales act as a terrifying reminder of the unpredictable nature and volatility present in the cryptocurrency markets and the need to adopt stringent security measures. 1. James Howells and the lost 7,500 BTC A…
Supply and demand dynamics could mitigate concerns of a potential Bitcoin market supply shock during the upcoming mining reward halving in 2024, according to Bitvavo CEO Mark Nuvelstijn. The co-founder of the Netherlands-based cryptocurrency exchange weighed in on Bitcoin-related market movements in conversation with Cointelegraph during the European Blockchain Convention held in Barcelona. Related: There are now nearly 40M Bitcoin addresses…
80% of Bitcoin addresses are “in the black” at $34,000, while BTC’s price still trades 50% below its own all-time highs. Source: https://cointelegraph.com/public/index.php/news/bitcoin-addresses-in-profit-new-record
The Dubai Virtual Assets Regulatory Authority (VARA) has issued a Virtual Asset Service Provider (VASP) license to the crypto wallet Backpack, resulting in the launch of Backpack Exchange. Backpack’s VARA license is limited to crypto exchange services in Dubai and does not allow the company to offer any other of its virtual asset products and services. According to the announcement,…
Bitcoin (BTC) has netted another adoption goal. Botev Plovdiv FC, Bulgaria’s oldest football club, has adopted Bitcoin and Lightning, as well as joining NOSTR, the decentralized protocol. Plovdiv’s stadium accommodates 35,00 people. Source: Manolov Effective immediately, fans can utilize Bitcoin for peer-to-peer payments at Botev Plovdiv FC’s fan shops and stands during matches at the top flight of the Bulgarian…
