Bitcoin News

An upcoming Bitcoin (BTC) hashrate-backed product that could offer 10% to 13% returns shouldn’t be compared to failed products by BlockFi or Celsius as its returns come from proof-of-work, not “ponzi schemes,” claims the product’s creator Bitcoin mining firm Luxor Technology. The legitimacy of Luxor’s hashrate-backed product was highlighted in an Oct. 17 What Bitcoin

Almost $600,000 in Bitcoin (BTC) has been stolen from users who downloaded a fake Ledger Live application on Microsoft’s app store, according to cryptocurrency sleuth ZachXBT. The on-chain analyst spotted the scam, “Ledger Live Web3” on Nov. 5, which is tricking users into thinking that they’re downloading “Ledger Live” — a user interface for Ledger

The current claim pricing of FTX has reached a maximum of 57%, according to data from Claims Market. The increase in FTX’s claim pricing is attributed to the valuation of the Artificial intelligence (AI) companies that the now-bankrupt crypto exchange previously invested in.  Creditors stake their claims to try to recoup some of their investment

Bitcoin (BTC) sought to pressure $35,000 on Nov. 4 as weekend markets continued to consolidate higher. BTC/USD 1-hour chart. Source: TradingView “Significant” event sets up BTC price upside Data from Cointelegraph Markets Pro and TradingView showed BTC price support holding after the end of Wall Street trading. The largest cryptocurrency saw a revisit of intraday

More tradition than coincidence, the Christmas season is around the corner again and the market is looking good for yet another run. Bitcoin (BTC) surged to more than $35,000 in October, another record high for 2023. The year-long rally has been attributed to unconventional market trends, including excitement over the Bitcoin spot ETF applications pending

The United States Federal Reserve has sent a cease-and-desist letter to crypto media publication Bitcoin Magazine, accusing it of trademark violations, according to a Nov. 3 post from the publication. Bitcoin Magazine claims it is being targeted because of its use of the word “FedNow” on “t-shirts, hats, and other wearables.” FedNow is the trademarked

Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on November 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched. Bullish momentum on CME Bitcoin futures, but cautious BTC options

As the chances of a Bitcoin exchange-traded fund (ETF) being approved rise, six-figure BTC price predictions are also becoming increasingly common, particularly now that the April 2024 halving is less than 180 days away. BTC price historical patterns, halving Bitcoin’s (BTC) price trends often exhibit cyclical behavior. Analysts have drawn parallels between the current price

This week Bitcoin (BTC) price came within a hair of the $36,000 mark, before abruptly reversing course and correcting to $34,250. After a near 30% run over the past month, it is natural for the price to cool off as some traders take profit and market participants evaluate whether or not the catalysts for the

Bitcoin (BTC) broke below $35,000 after the Nov. 2 Wall Street open as analysis warned of “overheated” derivatives. BTC/USD 1-hour chart. Source: TradingView Bitcoin undoes post-Fed gains Data from Cointelegraph Markets Pro and TradingView tracked a retreating BTC price as it erased ground it reclaimed overnight. The largest cryptocurrency had hit new 18-month highs of

Bitcoin (BTC) has jumped to new 18-month highs, but holding its latest support is now key to avoiding a “breakdown.” BTC/USD 1-week chart. Source: TradingView $35,000 decides Bitcoin range breakout validity Data from Cointelegraph Markets Pro and TradingView shows BTC price gains continuing into Nov. 2. BTC/USD hit $35,968 on Bitstamp after the daily close

Business intelligence firm MicroStrategy has notched a paper gain of $900 million on its stack of 158,400 Bitcoin, spurred by optimism over the potential approval of spot Bitcoin exchange-traded funds. The Michael Saylor-founded firm added 6,067 Bitcoin (BTC) since the third quarter, including another 155 in October, according to MicroStrategy’s Nov. 1 results filing. In October, @MicroStrategy

Bitcoin (BTC) will “reassert” itself to deliver over 100% annual BTC price gains, says one of the crypto industry’s major proponents. In an interview with CNBC airing Oct. 5 and published Oct. 31, Dan Morehead, CEO of hedge fund Pantera Capital, predicted continued crypto expansion. Morehead: “We could easily see” 40% stocks meltdown Bitcoin closed

The crypto wallets linked to now-defunct crypto exchange FTX and its sister trading firm Alameda Research have sent over $13 million in different altcoins to numerous crypto exchanges early on Nov. 1. According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferred $8.12 million worth of altcoins to Coinbase. The assets include

The ticker for Invesco and Galaxy’s spot Bitcoin (BTC) exchange-traded fund (ETF) — BTCO — has appeared on the Depository Trust and Clearing Corporation’s (DTCC) website.  Invesco’s Galaxy spot Bitcoin ETF product is listed on the DTCC’s site. Source: DTCC According to web archiver WayBack Machine, no listing under the ticker BTCO was present on

Bitcoin (BTC), worth over $7.2 billion, is still controlled by the United States government — but its losses are mounting. Data from on-chain analytics firm Glassnode shows that Washington’s seized Bitcoin total 210,429 BTC as of Oct. 31. 195,000 BTC sold, $6.3 billion down The U.S. Department of Justice (DOJ) and Internal Revenue Service (IRS)