Bitcoin

Bitcoin was the first cryptocurrency to ever be created. It’s an open-source, decentralized, peer-to-peer cryptocurrency created by Satoshi Nakamoto, an unknown person or group, who first introduced BTC (or XBT) to the world through an email sent to a cryptography mailing list .

It functions without a central bank or centralized administrator, and its transactions are semi-anonymous. New bitcoins are introduced to the market through a mining process, which rewards those that secure the network through what’s known as a proof-of-work (PoW) consensus algorithm.

Bitcoin’s maximum supply is capped at 21 million, and the very last BTC is expected to be mined in 2140.

Senior Citizen Says ‘Life Savings’ Were Stolen When He Tried to Invest in Bitcoin

An elderly UK-based victim of a Bitcoin scam says that fraudsters posing as cryptocurrency brokers stole his life savings (around £82,532 or $106,000) when he tried to invest in Bitcoin. According to an article by Tony Hazell published on Tuesday (September 29) on financial news website “This Is Money” (which is owned by DMG Media), […]

Institutional Investors Are Betting on Bitcoin’s Long-Term Performance: Report

Institutional investors are reportedly betting on bitcoin’s long-term performance, and shifting towards physically-delivered futures over cash-settled ones. According to a report published by derivatives trading platform, ZUBR, first spotted by Decrypt, open interest on the Chicago Mercantile Exchange (CME) and other regulated exchanges has “remained consistently higher in comparison to their traded volumes,” indicating institutional […]

Bitcoin Trading Sideways As Market Waits for First Trump-Biden Presidential Debate

On Tuesday (September 29), as both traditional financial markets and crypto markets wait for today’s U.S. presidential debate between President Donald Trump and Democratic nominee Joe Biden, Bitcoin is trading sideways. This first of three debates between Trump and Biden will be held at Case Western Reserve University in Cleveland, Ohio, and is set to […]

Grayscale Investments Adds 17,100 BTC to Fund in One Week

Grayscale Investments added 17,100 BTC to their bitcoin trust fund, bringing its total value to more than $4.7 billion.

Venezuela Gets its First Bitcoin Satelite Node Independent of Internet Access

A collection of startups have teamed up to launch Venezuela’s first satellite bitcoin node, allowing users in the country to conduct transactions even in the absence of internet.

EY Launches New Tool to Analyze Bitcoin Blockchain Data

Big Four” accounting firm EY has announced the launch of a new tool to analyze data on the Bitcoin blockchain, as part of the EY Blockchain Analyzer product suite. A beta version of the tool is available free for individual use. The tool, Explorer & Visualizer, will be available as a service in the near […]

Top Technical Analyst Predicts Bitcoin to $11,400, Recommends Two Altcoins

Popular crypto analyst and technical trader Michaël van de Poppe recommended investors follow altcoins CRV and SXP while predicting bitcoin could make a move to $11,400.

Bitcoin and Ether Trading Higher Now Than Before the Attack on KuCoin

On Monday (September 28), the top two cryptoasets by market cap, perhaps rather surprisingly, are trading higher than they were were before the one of the most significant attacks ever on a crypto exchange. Over the weekend, around 02:51 UTC+8 on September 26 (or 18:51 UTC on September 25) to be more specific, Singapore-based crypto […]

Nevada Woman Charged in Bitcoin Murder-for-Hire of Ex-Husband

A Nevada woman has been charged by Federal authorities for attempting to pay a darkweb hitman $5,000 in bitcoin to murder her ex-husband.

Crypto Analyst Explains Why PlanB’s S2F Model Cannot Predict Bitcoin Price

On Sunday (September 27), popular macroeconomist and crypto analyst Alex Krüger (@krugermacro on Twitter) explained why pseudonymous analyst “PlanB” (@100trillionUSD on Twitter) is wrong in using the stock-to-flow (SF) ratio valuation model for predicting the price of Bitcoin. In a Medium blog post published on 19 March 2019, PlanB talked about scarcity in terms of the stock-to-flow (SF) ratio […]

Mike Novogratz’s Galaxy Digital Says Bitcoin Has ’60x’ Growth Potential

Mike Novogratz’s Galaxy Digital says bitcoin has “60x” market growth potential if it can continue to rival gold as a store-of-value asset and hedge against inflation.

NYC Auction House Features Bitcoin-Themed Art Containing Original Code

Christie’s New York auction house is featuring a piece of bitcoin-themed artwork that represents a portion of the protocol’s original launch code.

Twitter and Square CEO Jack Dorsey Talks About Blockchain and Bitcoin

On Friday (September 25), Jack Dorsey, the CEO of Twitter and Square, spoke at this year’s Oslo Freedom Forum (OFF) explained the importance of blockchain technology to micro-blogging platform Twitter. Oslo Freedom Forum is “a series of global conferences run by the New York-based non-profit Human Rights Foundation (HRF) under the slogan ‘Challenging Power’.” At […]

TRON Partners With BitGo to Bring Wrapped BTC, ETH to Its Blockchain

TRON has partnered with cryptocurrency services provider BitGo to create two new tokens on its blockchain, wrapped bitcoin and wrapped ether. These new tokens will reportedly be backed 1:1 by bitcoin in the case of wrapped bitcoin and by ether in the case of wrapped ether, by funds deposited at BitGo Trust, a qualified crypto […]

Russia Proposes Jail Time for Undeclared Crypto Wallets

Russia’s Finance Ministry is drafting a new bill that would impose fines and up to three years in prison for crypto-asset investors who fail to properly disclose their holdings.

Iran to Use Electricity From Three Power Plants to Mine Bitcoin

Iran is set to use the energy of three power plants exclusively to mine bitcoin, according to an announcement from the country’s Thermal Power Plant Holding Company (TPPH).” According to local news outlet Tehran Times, power plants in Iran receive benefits and subsidies from the government on their fuel supplies, but were barred from using […]

Crypto ETP Trading Volumes Plunged 74% Over the Last Month

Cryptocurrency exchange-traded product (ETP) trading volumes have plunged over 74% in the last month, as the prices of these products have also been dropping. According to cryptoasset data aggregator CryptoCompare, in its newly launched The Digital Asset Management Review, exchange-traded products dropped 74% over the last month from $186.5 million in mid-August to an average […]

Bitcoin Addresses Moving BTC to Exchanges Doubled so Far This Year

The number of bitcoin addresses moving BTC to cryptocurrency exchanges has doubled so far this year, as users are seemingly moving their funds off of the blockchain and into centralized platforms. According to on-chain analytics firm Glassnode, there are currently around 100,00 unique bitcoin addresses sending BTC to cryptocurrency exchanges on a daily basis. The […]

3 Macro Factors Behind Risk-Off Sentiment That Is Punishing Bitcoin

On Thursday (September 24), the prevailing risk-off sentiment is continuing to punish risk assets, such as stocks and Bitcoin, as investors flock to the relative safety of the U.S. dollar. Since 2 September, U.S. stocks have experienced a significant correction. Here are the one-month charts for the three major U.S. stock indexes, i.e. the Dow […]

Social Capital CEO Chamath Palihapitiya Calls Bitcoin His Best Investment Bet

Billionaire venture capitalist Chamath Palihapitiya called bitcoin his best “bet” after investing in the crypto-asset in 2012.

Winklevoss Twins’ Gemini Exchange Now Allows Buying Crypto With British Pound

On Thursday (September 24), crypto asset Gemini announced that it had launched in the UK. The Winklevoss twins—Tyler and Cameron Winklevoss—are the co-founders of Gemini Trust Company, LLC (which operates the Gemini digital asset exchange) as well as family office Winklevoss Capital Management, LLC. In a blog post published earlier today,Gemini CEO Tyler Winklevoss announced that they had […]

A Stronger U.S. Dollar Is Putting Downward Pressure on Gold and Bitcoin

On Wednesday (September 23), the rally in the U.S. dollar, which started on Monday, continued, leading to the U.S. dollar index (DXY) reaching a two-month high, and putting further downward pressure on both gold and Bitcoin. The “U.S. Dollar Index” (DXY)—which is “designed, maintained, and published by ICE (Intercontinental Exchange, Inc.)”—is “an index (or measure) of the […]

Santiment: Current High Level of FUD Suggests Bitcoin Price Rebound Is Coming

The price of bitcoin and other cryptocurrencies tends to rise when social sentiment shows fear, uncertainty and doubt are affecting traders, as the crypto market’s behavior is emotional. According to crypto analytics firm Santiment, we’ve been seeing a high level of fear, uncertainty, and doubt (FUD) so far this month, which could suggest a BTC […]

Leading Crypto Payments Platform Wirex Announces Launch of $1.2 Million Crowdfunding

Leading crypto and fintech payments platform Wirex has announced a £1 million crowdfunding round that will be open to customers and fans of the service.

Bloomberg Analyst Explains Why He Remains Long-Term Bullish on Bitcoin

On Tuesday (September 22),  Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence (BI), Bloomberg’s research arm on the Bloomberg Terminal, offered some reassuring words for BTC HODLers. On Friday (September 18), the three major U.S. stock indexes closed flower for the third straight week.  One reason for the recent poor performance of the U.S. stock market is […]

There Are Now Over 10,000 Bitcoin ATMs Throughout the World

The number of bitcoin ATMs installed throughout the world has exceeded 10,000, and the United States continue to lead the rest of the world in crypto ATMs with 76% of machines installed. According to CoinATMRadar, the first Bitcoin ATM was installed back in 2013 and in seven years the industry grew to over 10,000 machines […]

Brazilian Fund Manager to Launch World’s First Crypto ETF with Nasdaq

Regulated Brazilian fund manager Hashdex has reportedly partnered with Nasdaq to launch the world’s first cryptocurrency exchange-traded fund (ETF) on the Bermuda Stock Exchange (BSX). According to a report published by local news outlet Infomoney, Hashdex has already obtained approval to launch the ETF, dubbed the Hashdex Nasdaq Crypto Index ETF. The ETF was developed […]

Crypto Markets in Turmoil As They Anxiously Watch the U.S. Stock Market

After another down day (September 21) on Wall Street, which followed a three-week losing streak, it is no wonder that today many crypto traders are nervously watching the U.S. stock market for some guidance on where crypto prices are headed. Concerns over the seeming inability of lawmakers in Washington to reach consensus on another COVID-19 […]

Prominent Bitfinex Trader Joe007 Says Uniswap (UNI) is Overvalued

Prominent Bitfinex trader Joe007, who is well-known for holding massive positions on the price of bitcoin, has revealed he believes Uniswap’s UNI governance token is overvalued. On social media, where Joe007 is well-known for standing up for bitcoin and Bitfinex, and for being bearish on altcoins, responded to a user who asked him about his […]

Former Goldman Sachs Exec Says Over 50% of His Investment Portfolio Is in Bitcoin

Former macro hedge fund manager Raoul Pal, who believes that Bitcoin is “a priceless reserve and collateral asset”, said earlier this month that over 50% of his personal investment portfolio is dedicated to Bitcoin. Prior to founding macro economic and investment strategy research service GMI in 2005, Pal co-managed the GLG Global Macro Fund in London for […]

Bitcoin Scammers Defy Canadian Authorities’ Attempt to Issue Warning

Authorities in Canada have launched a poster campaign warning locals about a crypto scam involving the use of bitcoin ATMs.

Wall Street’s Three-Week Losing Streak Helping to Keep Bitcoin Price Under $11K

Three weeks of losses for the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite seem to be putting downward pressure on the Bitcoin price as it is struggles to get above the $11,000 level. On Friday (September 18), the three major U.S. stock indexes closed flower for the third straight week. For example, […]

Shareholders Will Demand Corporations Start Buying Bitcoin, Says Max Keiser

Heisenberg Capital founder and RT show host Max Keiser has revealed he believes shareholders will start demanding corporations start deploying their cash reserves into bitcoin as central banks’ response to the coronavirus-induced economic crisis could pose long-term risks for these firm’s treasuries. Max Keiser revealed he believes idle cash reserves are a “melting ice cube,” as […]

Crypto Market Update: Bitcoin ($BTC), Ether ($ETH), Chainlink ($LINK)

This article provides an update (as of September 18) on the cryptoasset market, with a particular focus on the following digital assets: Bitcoin (BTC), Ether (ETH), and Chainlink (LINK). To give you a rough idea of how well the crypto market is doing today, 43 of the top 50 cryptoassets (by market cap) are currently […]

Popular Analyst Predicts Bitcoin Retreat to $9,000, Bullish on DeFi Project AMPL

Prominent crypto analyst Nicholas Merten predicts bitcoin’s price pulling back to $9K while saying DeFi altcoin AMPL be a top performer.

Peer-to-Peer Bitcoin Exchange Paxful Exits Venezuela Citing OFAC Sanctions

Popular peer-to-peer (P2P) bitcoin exchange Paxful is shutting down its operations in Venezuela, in a move seemingly made to comply with U.S. economic sanctions against the country. According to Bitcoin.com, a Paxful spokesperson has revealed the exchange is now restricting the creation of new accounts, and closing old ones from the country as part of […]

Bakkt’s Bitcoin Futures Trading Volume Hits New All-Time High

The Intercontinental Exchange’s bitcoin derivatives trading platform, Bakkt, has seen its futures contracts trading volume hit a new all-time high after$200 million in a single day. According to Bakkt, the 15,955 contracts were traded, representing a 36% increase over its previous all-time high. The rise comes as Bakkt has long been trailing its rival, the […]

Macroeconomist Says World ‘Drowning’ in US Dollars While BTC Prices Bounce Back

Business analyst Stephen Bartholomeusz says the world is drowning in US dollars, which has created macroeconomic conditions for bitcoin and gold to flourish.

Bitcoin and Gold Holding Steady, As Markets Wait to Hear More From the Fed

On Wednesday (September 16), traders around the world are anxiously waiting for the Federal Reserve’s two-day Federal Open Market Committee (FOMC) meeting to end (later today) so they can hear what the Fed has to say in its statement and at its press conference. What is the FOMC? The Federal Reserve (which is the central […]

Bitcoin Whales Have Been Accumulating BTC This Year, on-Chain Data Suggests

Data from the Bitcoin blockchain suggests that bitcoin whales – including institutional investors – have been accumulating BTC this year, especially when the price of the cryptocurrency dropped. A report published by the research arm of crypto exchange OKEx, OKEx Insights, and blockchain data firm Catallact, found by looking at the flagship cryptocurrency’s blockchain data […]

Binance Sued by Crypto Exchange for Allegedly Facilitating Laundering of Stolen Bitcoin

Japanese cryptocurrency exchange Fisco has sued leading crypto exchange Binance for allegedly facilitating the laundering of $9 million in bitcoin. According to a 33-page complaint filed in the Northern California District Court on September 14, the Japanese cryptocurrency exchange is accusing Binance of “aiding and abetting” the laundering of 1,451 BTC – then worth $9.4 […]

Global Fiat Failure Will Push Countries into Bitcoin, Says Max Keiser

Bitcoin bull and Keiser Report host Max Keiser says countries and central banks will turn to bitcoin as a hard asset in the even of global fiat failure.

Hong Kong’s Bitcoin Community Continues Advertising BTC on Trams and Billboards

Last Friday (September 11), Bitcoin Association of Hong Kong (BAHK), which has the aim of “fostering and promoting Bitcoin and its technology in Hong Kong” and which is is funded by donations from its 5000+ members, started an interesting educational campaign that will run until October 8. The BAHK’s blog post said that this campaign […]

Nasdaq-Listed MicroStrategy Inc. Tells U.S. SEC It May Buy Even More Bitcoin

On Monday (September 14), MicroStrategy Inc. told the U.S. Securities and Exchange Commission (SEC) although it disclosed a $250 investment in Bitcoin on August 11, it may be adding to its BTC holdings in the future. On August 11, Nasdaq-listed business intelligence company MicroStrategy Inc. announced via a press release that it had “purchased 21,454 […]

CNBC Co-Anchor Jim Cramer: ‘I Now Think Bitcoin is Prudent’

CNBC’s Jim Cramer, the man who said two years ago that Bitcoin was “like an outlaw currency”, says that thanks to the massive amount of money printing by the Federal Reserve this year, he now thinks that buying Bitcoin is “prudent”. Former hedge fund manager Cramer is the host of CNBC show “Mad Money w/ Jim […]

Bitcoin Breaks $10,650 for First Time in 10 Days

According to data from CryptoCompare, on Monday (September 14), around 13:50 UTC (or 10:50 Eastern Time) the Bitcoin price broke through the $10,650 level for the first time since September 4, helped presumably by U.S. stocks rebounding after a two-session sell-off last week. Popular Dutch crypto analyst/trader Michaël van de Poppe, offered this technical analysis of Bitcoin’s […]

Bitcoin Engineers Rediscover Major Blockchain Vulnerability on Decred

Bitcoin engineers have rediscovered a major blockchain vulnerability found in 2018 on the software that powers the Bitcoin blockchain, Bitcoin Core. The vulnerability was discovered on Decred (DCR). The vulnerability was first found by Bitcoin protocol engineer Brandon Fuller. Called INVDoS, short for inventory out-of-memory denial-of-service attack,  it could see an attacker create malformed Bitcoin […]

Singaporean Man Caned Over $267,000 in Bitcoin Theft

A Singaporean man has been sentenced to three years in prison and 12 cane strikes after pleading guilty for his role in the theft of $267K from a bitcoin investor.

Is CNBC Co-Anchor Jim Cramer Now a Bitcoiner?

According to Anthony Pompliano (aka “Pomp”), a co-founder of crypto-focused asset management firm Morgan Creek Digital Assets, CNBC’s Jim Cramer, the man who said two years ago that Bitcoin was “like an outlaw currency”, is now a Bitcoiner. Former hedge fund manager Cramer is the host of CNBC show “Mad Money w/ Jim Cramer“. He is also a […]

Netwalker Ransomware Group Demands $7.7 Million in Bitcoin From Electricity Firm

The Netwalker ransomware group has hit the sole electricity provider for the city of Karachi, K-Electric, with a ransomware attack and is demanding a $7.7 million bitcoin ransom. According to BleepingComputer, K-Electric is Pakistan’s largest power supplier and serves 2.5 million customers. It employs 10,000 people and since yesterday, customers have been unable to access […]

Bitcoin Is ‘Best Manifestation’ of Internet’s Native Currency, Says Twitter CEO Jack Dorsey

Twitter and Square CEO Jack Dorsey has recently argued that bitcoin is the “best manifestation” of a native currency for the internet, as it parallels the community-driven principles of the web.  Speaking to Reuters, Dorsey said he believes the internet “wants a native currency” and that BTC is best-positioned to fulfill that role. He added […]

Bitcoin Surges Past $10,450 Thanks to Another Good Day on Wall Street

On Thursday (September 10), the Bitcoin price surged past $10,450 for the first time since last Saturday (September), a move that seems to have been made possible by a second rebound rally for U.S. tech stocks. As of 10:53 Eastern Time (or 14:53 UTC), the Dow Jones Industrial Average is trading 32.05 (or 0.11%) higher; […]

Bitcoin’s 60-Day Correlation With Gold Hits New All-Time High

The flagship cryptocurrency’s 60-day correlation with gold has hit a new all-time high, at a time in which BTC has been managing to remain above the $10,000 mark. According to data from Coin Metrics, BTC’s 60-day correlation with gold hit 0.5, a new all-time high, as a climb that started in July when bitcoin’s price […]

Bitcoin Wallet Holding $700 Million Has Been Under Attack by Hackers For Years

A new report by Vice details a bitcoin wallet holding over $700 million in BTC has been under attack by hackers for the last several years.

Bitcoin Comfortably Above $10K Thanks to a Bounce in Nasdaq 100 Futures

On Wednesday (September 9), Bitcoin has moved comfortably above the $10,000 level thanks to a welcome bounce in U.S. stock futures. In particular, according to CME Group, E-mini Nasdaq-100 futures (NQ), which offer “liquid benchmark contracts to manage exposure to the 100 leading non-financial U.S. large-cap companies that make up the Nasdaq-100,” are currently (as of […]

Adam Curry Tells Joe Rogan to Get At Least One Bitcoin Before Upcoming Apocalypse

In yesterday’s episode of the “Joe Rogan Experience” (JRE) podcast, Adam Curry, who along with Dave Winer is consider to have invented podcasting in 2003, talked about Bitcoin with Joe Rogan, the American comedian and UFC color commentator. Curry, who became MTV’s first VJ in 1987, is currently one of the two co-hosts of the […]

Bitfinex Invests in Lightning Network-Backed Derivatives Exchange

Bitfinex has invested an undisclosed amount of money into a round of seed funding for LN Markets, a new derivatives platform using bitcoin’s Lightning Network.

Crypto Derivatives’ Monthly Volumes Hit New All-Time High Above $700 Billion: Report

 A total of $711.7 billion worth of cryptocurrency derivatives products were traded in August, as volumes went up 53.6% when compared to July. The figure represents a new all-time high for monthly derivatives trading volumes. According to CryptoCompare’s August 2020 Exchange Review, derivatives volumes went up over 50% in August while spot volumes increased 49.6% […]

Major Indian Think Tank: Bitcoin ‘Should Be Traded’ Like Stock

Deepak Kapoor, founder of the Begin India Think Tank, says bitcoin should be traded like stocks and given the same legal protections.

Schiff: ‘Wrong’ About Bitcoin in the Past, but Recent Price Rally Due to Gold

Gold bug and crypto critic Peter Schiff admitted that he has been wrong about bitcoin in the past, but says the price rally above $12K was driven by gold’s success.