It is well established at this point that bitcoin is the best form of sound money the world has ever seen. To recap, bitcoin excels in each of the qualities of money: durability, portability, divisibility, uniformity, scarcity and acceptability. Most importantly, bitcoin is the scarcest money ever, with a fixed supply of 21 million bitcoin that will ever exist. Regardless…
Israeli police have arrested eight suspects in connection with a cryptocurrency fraud scheme after raiding their homes and seizing evidence. One of the suspects is Moshe Hogeg, a well-known owner of the premier soccer team Beitar Jerusalem Football Club. 8 People Arrested in Crypto Fraud Scheme in Israel Israeli police arrested eight suspects Thursday allegedly stealing tens of millions of…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. With bitcoin price falling below $60,000, let’s revisit the current state of exchange balances and bitcoin exchange flow activity. At a macro level,…
Its been a rollercoaster week in the cryptocurrency market after volatility returned to shake up Bitcoin (BTC) price, pushing the digital asset to lows not seen since mid-October. As has happened frequently in the past, the drop in price of BTC was followed by a rotation into altcoins and the Altseason Indicator from Cointelegraph Markets Pro suggests that the current…
In brief DeFi theft and fraud resulted in $1.5 billion in losses last year. This year, the figure has ballooned to $10.5 billion, aided by higher asset prices. Hacks, thefts, rug pulls, and fraud schemes. What do these decentralized finance exploits all have in common? Someone on the other end loses money. And not just a little. Try $10.5 billion…
The first rule of Bitcoin (BTC) trading should be “expect the unexpected.” In just the past year alone, there have been five instances of 20% or higher daily gains, as well as five intraday 18% drawdowns. Truth to be told, the volatility of the past 3-months has been relatively modest compared to recent peaks. Bitcoin historical 90-day annualized volatility. Source:…
The price of bitcoin has dipped below the $60K zone, a number of people have been talking about the third-largest bitcoin address called “1P5ZED” which has accumulated thousands of bitcoin during the last few days. Nobody knows who the owner of the wallet is but it holds more than 111,359 bitcoin as it’s been steadily accruing bitcoin since the wallet’s…
Keep3rV1 (KP3R) was one of the few altcoins that emerged unscathed from this week’s bearish turn in the crypto market. While many digital assets plunged into the red following the lead of Bitcoin (BTC), which recoiled after recording a new all-time high last week, KP3R added 31.60% against the dollar and 44.17% against BTC between Nov. 12 and Nov. 19.…
In brief Square is a financial payments company led by Jack Dorsey. It has been working on a decentralized asset exchange since the summer. Square, the financial services company helmed by Twitter’s Jack Dorsey, wants to do more with Bitcoin than just allow people to buy it on its Cash App. It’s working on a way to let people trade…
The march toward blockchain and cryptocurrency mass adoption has made significant strides in 2021 as the growth of decentralized finance (DeFi) and nonfungible tokens (NFT) thrust crypto into the mainstream media spotlight on a daily basis. From the rise of meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) to the breakout popularity of the play-to-earn gaming model and…
