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Arthur Hayes Warns of Institutional Hold on Bitcoin – Innovation or Centralization?
6.11.2023
Growing institutional custody service over bitcoin is raising alarms. Arthur Hayes, the founder of Maelstrom Fund, said that bitcoin’s core value of decentralization could be at risk. In a recent podcast with Blockworks, Hayes portrayed a future where dominant financial establishments could...
Billionaire Investor Charlie Munger Sees Bitcoin’s Rise as Disruptive Threat to Traditional Finance
6.11.2023
Berkshire Hathaway’s Vice Chairman, Charlie Munger, recently reiterated his harsh critique of Bitcoin, labeling it as a threat to traditional finance in an interview with the Wall Street Journal. Munger, the long-time business partner of Warren Buffett, didn’t mince words in expressing...
Moonstone Research Study Etches Doubts on Monero’s Privacy; Crypto Community Reacts
6.11.2023
On September 1, 2023, hackers made off with 2,675.73 monero (XMR), worth over $3 million at the time, from the Monero CCS donation wallet in nine separate transactions. Now, blockchain analysis firm Moonstone Research has traced forward through three of those transactions in a postmortem released...
Block’s Q3 Earnings Show $2.42 Billion Bitcoin Revenue, Marking 37% Annual Growth
5.11.2023
Block Inc. reported an increase in third-quarter earnings, with total net revenue climbing to $5.62 billion, marking a 24% year-over-year growth. Setting aside its bitcoin operations, the company’s revenue saw a jump to $3.19 billion, up 16% from the previous year. The firm’s...
Bitcoin Price Prediction as Weekend Trading Volume Pushes Past $10 Billion – Here are Key Levels to Watch
5.11.2023
Over the weekend, Bitcoin‘s trading volume surpassed $10 billion, reflecting its robust activity in the market. The cryptocurrency experienced a modest gain of nearly 1.50% on Sunday, with its price reaching $35,228. The rise in Bitcoin’s value accompanies positive endorsements from...
Study: Stablecoin Activity the Highest in Q3 of 2023 With Approximately 400K Daily Active Addresses
4.11.2023
By the end of Q3 2023, activity in the stablecoin category as measured by the number of daily active addresses (DAA) stood at over 400,000 — the highest in any category. In the decentralized finance (defi) category — the next highest-ranked category — the number of DAAs at...
Bitcoin Mining Revenue Soared in October, Securing Second-Highest Monthly Earnings of 2023
4.11.2023
In October, the landscape of bitcoin mining revenue brightened, climbing by $131.45 million over September’s figures. Last month’s surge in BTC prices significantly bolstered revenues, although there was a slight dip in the earnings from fees, which saw a $5.44 million decrease from...
Bitcoin Magazine Clashes With Federal Reserve Over Satirical ‘Fednow’ Merchandise
3.11.2023
According to Bitcoin Magazine, a media outlet dedicated to bitcoin news launched in 2012, representatives, including legal counsel, from the U.S. Federal Reserve have expressed concerns regarding the publication’s satirical Fednow merchandise. The Fed’s representatives assert that...
Darknet Drug Operations Hit as Feds Move to Seize $54 Million in Crypto Crime Bust
3.11.2023
The U.S. Department of Justice announced on Thursday the seizure of 30,000 Ether (ETH), valued at over $54 million, that had allegedly been used for illegal narcotics distribution in New Jersey. The assets were traced back to Christopher Castelluzzo, who was involved in narcotics operations...
Valkyrie Anticipates Approval of Spot Bitcoin ETF by SEC This Month
3.11.2023
The Securities and Exchange Commission (SEC) may finally approve the long-awaited spot bitcoin exchange-traded fund (ETF) as early as this month, according to Valkyrie’s chief investment officer, Steven McClurg. Bitcoin’s price has rallied over the past few months in anticipation of...
Stablecoin Market Rises by Over $600M in October Despite Mixed Supply Dynamics
3.11.2023
The stablecoin economy experienced growth in October after several consecutive monthly declines. In the last month, a total of $608 million was added to the fiat-pegged token market. Despite the increase, six stablecoins out of the top ten saw supply reductions during the month. Fiat-Pegged Token...
SEC Faces Criticism from Democrat Lawmaker Over Handling of Crypto Accounting Bulletin
3.11.2023
The US Securities and Exchange Commission (SEC) is under scrutiny after Democratic lawmaker Rep. Wiley Nickel from North Carolina criticized the agency’s management of a controversial bulletin concerning the accounting of companies’ crypto holdings. Rep. Nickel has voiced concerns about...
DeepMind co-founder chides Elon over UK AI summit comments: ‘He’s not an AI scientist’
3.11.2023
World renowned AI scientist Mustafa Suleyman appears to disagree with Elon Musk’s assessment of the threats and benefits A.I. technologies could pose in the future
NBA Star Victor Wembanyama NFT Sells for $110,000+ in Record-Breaking Auction
3.11.2023
An NFT trading card based on NBA rookie phenom Victor Wembanyama sold for over $110,000 on Thursday, far surpassing the $67,333 that an individual paid for his physical trading card back in August. The card, released by the officially licensed fantasy basketball game Sorare, went for 61.182 ETH,...
Is It Too Late to Buy Cardano? ADA Price Soars 19% as New Crypto Casino Project Gathers Steam
3.11.2023
In the midst of CardanoSummit2023, Charles Hoskinson’s Cardano blockchain has seen the native token ADA price soar +19% in a break above the 200DMA. The resurgence comes amid challenging price action for the No. 8 ranked cryptocurrency, which has battled downside price action as of late...
Singapore Police Issue Warning Over WhatsApp Phishing Scam
3.11.2023
Singapore's police force have issued a warning in relation to a new variant of a phishing scam that involves hackers taking over a victim's WhatsApp account and contacts
Bitcoin, Ethereum Technical Analysis: Leading Crypto Assets See Choppy Price Action
3.11.2023
Bitcoin and ethereum prices declined in trading on Friday, November 3, 2023, as technical oscillators flashed mixed signals for the two largest cryptocurrencies by market capitalization. Bitcoin Bitcoin (BTC) fell 3.3% to $34,195 amid light trading volume of $20.79 billion over the last 24 hours....
Bitcoin Miners Record 10% Stock Growth As Asset’s Price Surge
3.11.2023
The price growth in the cryptocurrency market has resulted in big wins for several sectors including Bitcoin (BTC) miners, blockchain-based firms, and yield farmers. Bitcoin miners have recorded over 10% stock growth as the asset’s price trades near $35,000, close to its 17-month high. ...
Infowars Host Alex Jones Lost 10,000 Bitcoin in Max Keiser’s Quiz
3.11.2023
Alex Jones, host of Infowars, failed to answer a quiz of five questions that would have allowed him to recover 10,000 bitcoin he lost in a laptop over ten years ago. International journalist and Bitcoin enthusiast Max Keiser asked five questions on Bitcoin and its operation, of which Jones answered...
Cathie Wood Bets on Bitcoin Over Gold and Cash as Deflation Hedge for Next Decade
3.11.2023
Cathie Wood has reiterated her confidence in Bitcoin as the go-to asset as hedge against deflation over the next decade. Wood picked Bitcoin over traditional safe havens like gold or cash. Wood believes that deflation is on the horizon, despite the markets’ current focus on heightened...