Despite this week’s Bitcoin price sell-off, the rally to $68,000 put short-term traders back in profit and onchain metrics remain bullish. Source: https://cointelegraph.com/news/bitcoin-traders-back-in-profit-even-as-price-slows-alongside-spot-btc-etf-inflows?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: July 2024
Where Kamala Harris’ Potential VP Picks Stand on Bitcoin and Crypto
In brief Kamala Harris’ choice of running mate could indicate how she plans to govern if elected, and leading contenders for the spot show varying degrees of support or caution towards crypto. Some contenders, like Josh Shapiro and Andy Beshear, have been actively involved with or supportive of crypto-related activities at a state level, while others like Roy Cooper have…
Wyoming Senator to Propose Bill for US Central Bank to Hold Bitcoin, Report Says
Senator Cynthia Lummis of Wyoming is preparing to introduce new legislation that would require the Federal Reserve to hold bitcoin as a strategic reserve asset, as reported by Fox Business News. According to three anonymous individuals with knowledge of the matter, the bill is set to be announced at the annual Bitcoin Conference in Nashville, […] Source: https://news.bitcoin.com/wyoming-senator-to-propose-bill-for-us-central-bank-to-hold-bitcoin-report-says/
Decentralized finance is growing up, how DeFi is becoming 'NewFi'
Traditional institutional giants like BlackRock, which has $10.6 trillion under management, have entered the cryptocurrency space. Source: https://cointelegraph.com/news/decentralized-finance-growing-up-de-fi-becoming-new-fi?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Will Mt. Gox Bitcoin Recipients HODL or Fold? Experts Weigh In
The long-awaited Mt. Gox repayments are underway, and while some Bitcoin investors feared a massive selloff that could drive down prices, early signs suggest that users are opting to hold onto their recovered coins. According to data from CryptoQuant, there has been a notable increase in Bitcoin withdrawals from Kraken, one of the exchanges handling the repayments. Over 5,000 BTC—valued…
Bullish Bitcoin traders better positioned for Friday’s $5.5B options expiry
Bullish Bitcoin options traders expect a hefty profit from Friday’s expiry now that Germany and Mt. Gox wallets have been emptied Source: https://cointelegraph.com/news/bullish-bitcoin-traders-better-positioned-for-fridays-5b-options-expiry?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Brat Summer for Kamala Harris? Meme Coin Traders Are Onboard
Shortly after Vice President Kamala Harris was endorsed by Joe Biden to be the Democratic presidential nominee on Sunday, she received what’s being hailed as a culturally relevant endorsement from pop star Charli XCX. Somehow, this also prompted a resurgence of a dead meme coin, which promptly skyrocketed to a market cap of $5 million. “Kamala IS brat,” the British…
Mercury Bank Blocks Fintech Founders From Nigeria, Ukraine, and a Dozen More Countries
The U.S.-based fintech company, Mercury, will offboard startups whose founders reside in or whose businesses are headquartered in 14 African countries and six non-African states. Mercury CEO Immad Akhund stated that this decision impacts customers whose deposits constitute less than 1% of Mercury’s total deposits. Affected Customers’ Deposits Less Than 1% of Mercury’s Mercury Bank, […] Source: https://news.bitcoin.com/mercury-bank-blocks-fintech-founders-from-nigeria-ukraine-and-a-dozen-more-countries/
Ethereum ETFs start strong but lag epic Bitcoin ETF launch: analysts
Analysts worry ETH will prove a harder sell than BTC to traditional investors. Source: https://cointelegraph.com/news/ethereum-etfs-start-strong-but-lag-epic-bitcoin-etf-launch-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BitcoinOS Claims First Zero-Knowledge Proof Verified on Bitcoin Mainnet
Bitcoin may have passed a revolutionary technical milestone this week—one developers say will let them upgrade the network without needing to fork its code. Coders at BitcoinOS claim they have successfully verified a zero-knowledge proof (ZKP) on the Bitcoin mainnet for the first time in history. This was performed in a series of on-chain transactions on Tuesday, with the final…