The San Francisco-based SoFi bank holds about $170 million in cryptocurrency on its balance sheet, according To the second quarter earnings report (Q2). US Bank, which serves more than six million customers, saw a significant increase in its cryptocurrency holdings compared to the previous quarter. The bank owns Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Cardano … Read more
A newly discovered vulnerability in the Libbitcoin Explorer 3.x library allowed the theft of more than $900,000 Bitcoin users, according to a report by blockchain security firm SlowMist. The vulnerability could also affect users of Ethereum, Ripple, Dogecoin, Solana, Litecoin, Bitcoin Cash, and Zcash who use Libbitcoin to create accounts. SlowMist Security Alert newly, #Distrust … Read more
The United States could make up 99.5% of the global turnover of cryptocurrency-related exchange-traded funds — but only if Bitcoin ETFs are approved, according to a Bloomberg ETF analyst. Currently, North America accounts for 97.7% of all crypto ETF trading volume, according to Eric Balchonas, Senior ETF Analyst at Bloomberg. open Aug 10 X (Twitter) … Read more
Bitcoin (BTC) faces a new battlefield as bulls and bears fight for control of the sideways market, says a well-known trader. in part of his speech analysis On X (formerly Twitter) Aug 11, Daan Crypto Trades flagged a key level to be reclaiming as BTC price support. A “highly contested” BTC price area is set … Read more
Bitcoin was stuck in a narrow range in August. The lead analyst on the Glassnode Checkmate chain highlighted that the spread between Bitcoin’s upper and lower Bollinger Bands has narrowed to 2.9%, the third narrowest on record. Periods of low volatility are usually followed by an expansion of the range. The more time he spent … Read more
The connection between bitcoin and gold goes back to the origin of bitcoin. While it wasn’t mentioned in the Bitcoin white paper, Satoshi Nakamoto actually referred to the scarcity of gold in a Bitcointalk forum post when introducing the first version of Bitcoin (BTC) in 2009. This was to stress the importance of the limited … Read more
The US Securities and Exchange Commission has delayed a decision on whether to approve or reject a Bitcoin (BTC) exchange-traded fund (ETF) proposed by ARK Investment Management. On August 11 notice, the Securities and Exchange Commission opened A 21-day comment period for the ARK 21Shares Bitcoin ETF to the public following publication in the Federal … Read more
Bitcoin (BTC) reached a multi-day high after the Wall Street open on Aug. 14 as modest volatility spread across the market. BTC/USD hourly chart. Source: TradingView Bitcoin traders offer “some action” after a steady weekend Data from Cointelegraph Markets Pro and TradingView Tracking a journey past $29,500, marking Bitcoin’s highest price levels since Aug. 10. … Read more
Bitcoin (BTC) miner TeraWulf has seen a significant increase in BTC rewards since increasing its mining capacity in the first half of 2023. According to the company’s most recent quarterly filing with the US Securities and Exchange Commission, TeraWulf mind Total 1,441 BTC during the first half of the year. 508 BTC was mined in … Read more
Bitcoin traders are currently unhappy with the recent price trend, especially due to the price’s inability to clear the $30,500 mark over the past four weeks. This frustration is exacerbated by the fact that many orders for bitcoin exchange-traded funds (ETFs) are either in arrears or awaiting review from regulators. Interestingly, there has been a … Read more