The CIO rebutted a more bearish take by investment researcher Jim Bianco, who noted that 85% of Bitcoin ETF uptake “is NOT from tradfi institutions.” Source: https://cointelegraph.com/news/wealth-advisers-adopting-bitcoin-etfs-faster-history-bitwise-cio?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Bitcoin Rebounds, Boosting Market Sentiment
Stocks tied to Bitcoin exposure saw a notable recovery this week as Bitcoin (BTCUSD) managed to pare some of the losses it suffered on Friday. The crypto stocks recovery was fueled by Bitcoin’s resurgence above $56,000 after dropping to around $52,600 last week. Despite this rebound, Bitcoin still remains below its highs from earlier in the week, but the upward…
Compass Mining Energizes 3,000 Bitcoin Mining Rigs at Iowa Facility
Compass Mining has powered up 3,000 bitcoin mining machines at its newly partnered hosting facility in Iowa. The company also plans to install 1,000 more machines in September. Compass Mining Scales Iowa Facility The bitcoin mining operator Compass Mining shared that it has energized 3,000 machines at the new site, with plans for an additional […] Source: https://news.bitcoin.com/compass-mining-energizes-3000-bitcoin-mining-rigs-at-iowa-facility/
Cryptocurrency Scams Surge 45% in 2023, FBI Reports
Losses from cryptocurrency scams in 2023 surged by 45% compared to the previous year, according to a recent report from the FBI. The total losses amounted to more than $5.6 billion, driven by scammers who exploited the speed and irreversibility of digital asset transactions. With the rise in popularity of cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as…
Friend.tech Creators Bail on Ethereum Social Platform Four Months After Token Launch
The creators of cryptocurrency-fueled social network Friend.tech relinquished control over the platform’s smart contracts Saturday, signaling that development work has effectively ended just four months after its token launched. The invite-only application built on Ethereum layer-2 network Base burst onto the crypto scene in August last year, letting users buy and sell “keys” attached to Twitter (aka X) accounts. Describing…
Bitcoin price shows strength above its recent lows — Here is why
A stock market recovery, investors’ anticipation of upcoming US inflation data and risks to the US dollar dominance are fuelling Bitcoin’s recent price gains. Source: https://cointelegraph.com/news/bitcoin-price-shows-strength-above-its-recent-lows-here-is-why?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
CFTC charges Uniswap, Brazil’s X ban, and more: Law Decoded
Uniswap Labs agreed to pay $175,000 in civil penalties and cease trading leveraged tokens following CFTC charges. Source: https://cointelegraph.com/news/uniswap-labs-charged-illegal-derivatives-settles-175k-fine?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Kamala Harris releases policy platform details — No mention of crypto
The Harris-Walz platform, “A New Way Forward,” included plans for tax cuts for working and middle-class Americans and encouragement of innovative industries. Source: https://cointelegraph.com/news/kamala-harris-policy-platform-digital-assets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
MicroStrategy’s Michael Saylor Predicts Bitcoin Price Will Rise to $13 Million
The price of the biggest digital coin may have taken a hit in recent weeks—but Bitcoin preacher Michael Saylor is not backing down with his bullish predictions. On Monday, the tech entrepreneur said he thinks the asset will rise up to a price of $13 million per coin over a 21-year period. MicroStrategy (NASDAQ: MSTR) is the largest public holder…
Dormant Bitcoin Wallet From 2013 Springs to Life With $8M Transfer
On Monday, as bitcoin began bouncing back from its recent dip to $52,546 just three days earlier, a dormant bitcoin wallet suddenly sprang to life. For the first time since Nov. 20, 2013, the wallet moved 146.43 BTC, a stash now valued at just over $8 million. Old Bitcoin Wallet Transfers 146 BTC After Nearly […] Source: https://news.bitcoin.com/dormant-bitcoin-wallet-from-2013-springs-to-life-with-8m-transfer/