Bitcoin’s price has surged 30% this year, outperforming major market indices and gold. VanEck’s head of digital assets research, Matthew Sigel, points to several key factors driving this rally. Institutional Investment is Key A significant driver is the increasing involvement of corporations. Companies have purchased over 300,000 Bitcoin this year – more than double the…
Swissblock, a crypto analytics firm, believes Bitcoin (BTC) has more room to grow, and altcoins might be on the verge of a major rally. Bitcoin’s Bullish Fundamentals According to Swissblock’s analysis, Bitcoin’s on-chain fundamentals are strong, suggesting sustained upward momentum. They claim this isn’t just speculation; the current upward trend is structurally supported. At the…
Bitcoin saw a massive surge in profits for investors recently. According to crypto analytics firm Glassnode, investors cashed in a whopping $3.5 billion in a single 24-hour period as Bitcoin hit new all-time highs. Long-Term Holders Lead the Charge The profit-taking wasn’t evenly distributed. Long-term holders (those holding Bitcoin for at least 155 days) accounted…
Bitcoin is facing a serious threat: quantum computers. These super-powerful computers could potentially crack Bitcoin’s current security, allowing hackers to steal a massive amount of Bitcoin. A new proposal aims to tackle this head-on. The Problem: Quantum Computers are Coming A significant portion of existing Bitcoin (around 25%) uses addresses vulnerable to quantum computers. This…
Bitwise Asset Management is boosting investor confidence in its Bitcoin and Ethereum ETFs by implementing daily proof-of-reserves checks. This is a big deal, especially after the FTX collapse highlighted the dangers of opaque reserve reporting. Daily Audits: A New Level of Transparency Instead of just publicly listing wallet addresses, Bitwise now uses The Network Firm,…
Ripple’s CTO, David Schwartz, recently shared his thoughts on XRP’s price and its actual worth. He basically said that the price doesn’t always reflect how useful XRP really is. The Price-Utility Disconnect XRP briefly hit $3 in July, its highest point since February. This sparked discussion, and Schwartz responded to questions about XRP’s price. He…
The crypto market is on fire, with Bitcoin and Ethereum leading the charge. This isn’t just about price increases; tons of money is pouring into Bitcoin and Ethereum spot ETFs (Exchange-Traded Funds). Big Money Flowing into Bitcoin ETFs Bitcoin’s popularity isn’t slowing down. Spot Bitcoin ETFs saw another huge day of inflows – a whopping…
Coinbase, a major US cryptocurrency exchange, just listed the Solana-based memecoin platform, Pump.fun (PUMP), giving the token a significant boost. PUMP Takes Off on Coinbase The announcement means users can now buy, sell, and trade PUMP directly through the Coinbase website and mobile apps. Coinbase has labeled PUMP as “experimental,” a common designation for newer…
Merrill Lynch is facing a hefty $3.7 million bill after a financial arbitration ruling. Two clients, Qun He and Haihui Zhang, successfully sued the firm, claiming Merrill Lynch violated securities laws and acted negligently in its investment recommendations. Unsuitable Investments and Losses The clients alleged that a Merrill Lynch broker steered them into illiquid private…
A mysterious Bitcoin whale, inactive for 14 years, is back in the news, making another massive Bitcoin transfer. The Whale Awakens Again Earlier this month, two Bitcoin wallets, each holding 10,000 BTC, were emptied within minutes of each other. These wallets hadn’t seen activity since April 2011, when Bitcoin was worth just $0.78. Last week,…
