The price of gold has broken through a new all-time high, surpassing the significant level of $2,100 during the Asian session on Monday, Dec. 4. Meanwhile, Bitcoin (BTC) has also surged above $41,000 for the first time in 19 months. BTC/USD (blue) vs. gold price (orange) Source: Tradingview Bitcoin price breaks $40K…and $41K Bitcoin has made a triumphant return to…
The price of Bitcoin (BTC) should “logically” undergo a correction once spot Bitcoin exchange-traded funds (ETFs) are approved, though commentators also concede that crypto is a “wild card” — and nothing is certain. Bitcoin has been gaining momentum over the last 11 months, with a sudden jump in March amid banking uncertainty, another spike in June when BlackRock filed for…
A crypto hacker specializing in “address poisoning attacks” has managed to steal over $2 million from Safe Wallet users alone in the past week, with its total victim count now reaching 21. On Dec. 3, Web3 scam detection platform Scam Sniffer reported that around ten Safe Wallets lost $2.05 million to address poisoning attacks since Nov. 26. According to Dune…
The United States needs to formally investigate using proof-of-work networks such as Bitcoin (BTC) to protect the country from cyber-inflicted warfare, according to Jason Lowery, a member of the United States Space Force. In a four-page letter to the U.S. Defense Innovation Board on Dec. 2, Lowery explained that while Bitcoin is mostly seen as a “monetary system” to secure funds, few…
Bitcoin (BTC) has reached the $40,000 level for the first time since April 2022, climbing around 2% in 24 hours. Bitcoin surged from under $39,500 to strike above $40,000 on Dec. 3, according to CoinGecko. It also marks a new year-to-date high for Bitcoin, which is up over 140% since Jan. 1. The price of Bitcoin over the last 12…
Bitcoin’s recent rebound continued apace over the weekend, with the price of the leading cryptocurrency passing $40,000 on Sunday afternoon per data from CoinGecko. It’s the first time that the price of Bitcoin has been that high since April 2022, right before the broader cryptocurrency market plunged. Bitcoin’s near 20-month peak represents a 15% climb over the past 30 days,…
Illustration by Mitchell Preffer for Decrypt After a string of successive high octane weeks for the crypto industry, this week brought a much-needed dose of surreal absurdity and bullish optimism—namely, in the form of multiple high-flying memecoins. First, in the immediate (we’re talking 15 minutes cold) wake of the death of famed Bitcoin hater and Berkshire Hathaway vice chairman Charlie…
“As part of the settlement, CZ cannot be involved in the day-to-day running of the company’s operations,” Richard Teng explains. Despite that, the incumbent CEO of Binance cuts the figure of a man reveling in the challenges ahead. Speaking to Cointelegraph just two weeks after taking over from outgoing CEO Changpeng ‘CZ’ Zhao, Teng seems to be relishing being at…
Bitcoin (BTC) finally broke above the formidable resistance of $38,000 in the past week and marched closer to $40,000. This move shows that Bitcoin’s trajectory remains up. The bulls will try to maintain the momentum and achieve a strong close to the year, while the bears will try to pull the price down. The major tailwind for Bitcoin is the…
The Arbitrum DAO has confirmed the disbursement of millions in extra tokens to fund all projects approved on its latest Short-Term Incentive Program (STIP), boosting its budget by $23.4 million. The proposal, voted by the Arbitrum community between Nov. 18 and Dec. 2, sought to distribute additional funds for projects approved for a grant but not funded due to the…
