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Bitcoin’s trading volume hit its lowest level in almost five years this month as investors keep waiting for reasons to jump back into the market. An analysis of CryptoQuant data from both spot and derivatives exchanges shows the total volume of bitcoin held on all exchanges fell earlier this month to its lowest level since […]
On the same day the The Federal Open Market Committee (FOMC) released minutes from its June meeting, the CEO of the largest asset management firm in the world went on television to talk about how bitcoin could “revolutionize finance.” Somehow not a typo. Yes. Larry Fink, the CEO of BlackRock (BLK), went to the Fox […]
From the increasingly ferocious federal crackdown on the cryptocurrency business, it might appear the U.S. government cannot stand digital currencies. Yet there is a love-hate dynamic: the Treasury is sitting on a stash of 207,189 bitcoin, worth $5 billion, by far the largest such state-owned hoard. While many other countries have been disposing of their […]
One easily imaginable but also kind of weird future for crypto would be: Bitcoin, and I guess Ethereum, are respectable and fully domesticated parts of the traditional financial system. Big asset managers, managing money for pension funds or college endowments or insurance companies or your 401(k), buy billions of dollars of Bitcoin by calling up their […]
Business-intelligence firm MicroStrategy’s (MSTR) Founder and Executive Chairman Michael Saylor has said recent enforcement actions by U.S. regulators have made it clear that the crypto industry is destined to be rationalized down to a bitcoin (BTC)-focused industry. “MicroStrategy’s views since 2020 have been that the only institutional grade asset is bitcoin,” said Saylor in an […]
According to court documents, Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, both Russian nationals, are charged with conspiring to launder approximately 647,000 bitcoins from their hack of Mt. Gox. Bilyuchenko is also charged with conspiring with Alexander Vinnik to operate BTC-e from 2011 to 2017. “This announcement marks an important milestone in two major cryptocurrency […]
Last year, crypto custody firm BitGo held a party where it served two sushi-grade tuna that chefs cut and carved up for guests, one of which clocked in at 200 pounds. This year, there was just one tuna, a 115-pounder, though the company made a joke of it, handing out stickers reading “#TunaWinter.” A satellite […]
The latest contender for the leadership of the Republican Party said he is an advocate for crypto. “The current regime, clearly, has it out for Bitcoin,” Ron DeSantis said during a Twitter space with Elon Musk and venture capitalist David Sacks in which he officially announced his bid for U.S. president. “And if it continues […]
Robert F. Kennedy Jr. will be the first presidential candidate in United States history to accept campaign donations in Bitcoin, he announced during his first appearance as a presidential candidate at the Bitcoin 2023 conference. He praised the cryptocurrency as a “symbol of democracy and freedom” during the event. Source: Breaking: Robert F. Kennedy Jr. […]
Individual wallets holding at least one bitcoin (BTC) set a milestone figure earlier this week, suggesting long-term sentiment for the tokens remains intact even as broader markets weigh down bitcoin prices. Data from the on-chain analytics tool Glassnode show bitcoin wallets holding more than one token crossed the millionth mark on Monday. This is a […]