Onchain analysts are focusing on the significant whale transactions occurring this month, revealing that 3,000 bitcoin from 2010 block rewards have been moved for the first time in nearly fourteen years. However, what many may not realize is that this sequence of block reward disbursements from 2010 isn’t a new activity for this particular whale, […] Source: https://news.bitcoin.com/the-tale-of-the-mysterious-2010-bitcoin-whale-a-pattern-of-consistent-liquidation-uncovered/
An in-depth examination conducted by the onchain analytics firm Glassnode, alongside the researcher Cryptovizart, has shed light on bitcoin’s unexpected rise to record-breaking highs just before the halving occurrence, unveiling key aspects of market behavior. Glassnode Report Sheds Light on ETF Net Inflows and Long-Term Bitcoin Holder Gains In its analysis, Glassnode emphasizes the notable […] Source: https://news.bitcoin.com/glassnode-insights-into-long-term-bitcoin-holders-reveal-228-average-unrealized-gain/
Worldcoin, the biometric iris scanning project, has introduced a complaint against the actions of the AEPD, the personal data protection agency in Spain. Tools For Humanity, the company behind Worldcoin, argues that the agency circumvented the General Data Protection Regulation (GDPR) established procedures when taking the ban actions against the project. Worldcoin to Fight Operations […] Source: https://news.bitcoin.com/worldcoin-introduces-complaint-against-operations-ban-in-spain/
Not even a thunderstorm could dampen the excitement around the Web3 dystopian series RZR. On a rainy Thursday night, an intimate group of fans gathered for a private screening of David Bianchi’s new thriller, hosted at the Los Angeles office of Metaverse game developer The Sandbox, The 8-episode series from Bianchi’s Exertion3 Films and Gala Film will begin streaming in…
A significant bitcoin “mega whale” moved 3,000 vintage bitcoins from 2010 as BTC peaked at $69,210. JPMorgan predicted a post-halving drop in bitcoin’s price to $42,000, citing current euphoria levels. Meanwhile, bitcoin cash experienced a 40% surge in anticipation of its halving event and a major 2024 upgrade. Additionally, rumors circulated about a Qatari billionaire’s […] Source: https://news.bitcoin.com/bitcoin-mega-whale-resurfaces-jpmorgan-expects-btc-price-to-drop-bitcoin-cash-soars-40-and-more-week-in-review/
America’s biggest cryptocurrency exchange met with the Securities and Exchange Commission last week over Grayscale’s proposed spot Ethereum (ETH) exchange-traded fund. Publicly-listed Coinbase gave a presentation to Wall Street’s top regulator where it talked about Grayscale’s proposed product, documents filed on Wednesday from the regulator show. In October, Crypto fund manager Grayscale filed an application with the SEC to convert…
Illustration by Mitchell Preffer for Decrypt Though it saw many starts and stops, this week continued the crypto market’s phenomenal upwards trajectory—and caused a few hiccups along the way. On Monday, a CryptoPunk sold for a whopping $16.03 million worth of ETH at the time of sale, the second-highest price ever fetched by a piece in the blue chip Ethereum…
JPMorgan says the argument that bitcoin’s market cap would rise to $3.3 trillion if it matched gold in portfolios, implying more than doubling in price, overlooks risk. “It would be unrealistic to expect bitcoin to match gold within investors’ portfolios in notional amounts,” a JPMorgan strategist stressed, adding: “Most investors take risk and volatility into […] Source: https://news.bitcoin.com/jpmorgan-says-unrealistic-to-expect-bitcoin-to-match-gold-within-investors-portfolios/
This weekend, many are intrigued by the potential outcomes following the cessation of the U.S. Federal Reserve’s Bank Term Funding Program (BTFP), launched amidst the significant banking collapses in March 2023. Some argue that the banking turmoil is far from over, suggesting it has merely been postponed, with institutions like New York Community Bancorp (NYCB) […] Source: https://news.bitcoin.com/speculation-intensifies-over-us-banking-sectors-fate-as-feds-btfp-closure-looms/
Galaxy Digital CEO Mike Novogratz firmly believes that bitcoin will reach $100K this year. “Right now there are more buyers and sellers,” he explained, adding that there is “runaway momentum” in bitcoin exchange-traded funds (ETFs). In addition, he pointed to a “new phase of bitcoin” as the asset class welcomes baby boomers. He further asserted […] Source: https://news.bitcoin.com/galaxy-digital-ceo-anticipates-btc-reaching-100k-this-year-citing-runaway-momentum-in-spot-bitcoin-etfs/
