Bitcoin | Ethereum | Altcoin

2024-06-24 20:10:32 Mt. Gox to begin Bitcoin repayments to creditors in July 2024 spooking market

Mt. Gox, the bankrupt Japanese crypto exchange, will repay creditors’ Bitcoin and Bitcoin Cash assets starting July 2024. Following the announcement, the market sold off, with Bitcoin dipping below $61,000. Further, the trustee assured that the defunct exchange had “taken time to ensure safe and reliable repayment to creditors, including technical remedies for safe repayments, compliance with financial regulations in each country, and discussion of repayment arrangements with the cryptocurrency exchanges.”.

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2024-06-24 08:40:14 Bitcoin Will Soar Thanks to Failing Japanese Banks, Says Arthur Hayes

BitMEX co-founder Arthur Hayes says the Japanese banking system is in dire straits, and that the consequences will only send Bitcoin and crypto markets higher. Much like U.S. banks in March of 2023, Hayes argued on Thursday that Japanese banks will soon need a massive bailout due to the deeply underwater U.S. government bonds on their balance sheet.

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2024-06-23 20:55:45 Osmosis DAO backs zero-fee Bitcoin bridge to Cosmos

Osmosis Decentralized Autonomous Organization (DAO) is unanimously supporting a proposal to adopt a revenue share proposal that enables a zero-fee Bitcoin bridge to the Cosmos ecosystem via Nomic. The proposal has received overwhelming community support, with about 92% of DAO members favoring the zero-fee upgrade. Meanwhile, around 6% of the DAO members abstained from voting, while 1% were against the move.

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2024-06-23 00:50:26 Bitcoin dips below short-term holder realized price, sparking $60K fears

Bitcoin recently fell below $64,000, breaking its short-term holder realized price and signaling a possible further decline to levels unseen in 49 days, according to cryptocurrency analysis firm CryptoQuant. “Bitcoin is trading below the critical support level of $65.8K, now below $64K,” CryptoQuant wrote in a June 21 X post. On June 22, Bitcoin’s recent decline saw it drop 2% to $63,442, falling below the short-term holder realized price (STH-RP) at the time, which was $64,230, according to LookIntoBitcoin data.

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2024-06-22 07:15:13 Billionaire Tech CEO Michael Dell Signals Bitcoin Interest Via Michael Saylor Retweet

Michael Dell, CEO of $100-billion-plus market cap Dell Technologies (DELL), showed at least some vague interest in bitcoin , recirculating a BTC-friendly post on X from Bitcoin evangelist Michael Saylor. It started Thursday when Dell posted, "Scarcity creates value." That prompted a reply from Saylor, the executive chairman of MicroStrategy (MSTR), saying, "Bitcoin is Digital Scarcity," which Dell then reposted.

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2024-06-21 08:05:13 Argentine leader Javier Milei promotes Bitcoin in currency reform plan

Argentina President Javier Milei has reiterated his support for Bitcoin as a tool to revitalize the national economy. In a June 19 statement on X, Milei announced that Argentina would allow the competition of various currencies, including digital assets like Bitcoin. Meanwhile, Milei’s stance aligns with his advocacy history for the crypto industry. During his campaign, he criticized central banks, calling them a “scam,” and promoted using cryptocurrencies to return financial power to the private sector.

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2024-06-20 08:30:45 Bitcoin Whales Sold Over $1B BTC in Past Two Weeks: CryptoQuant

Long-term bitcoin holders and miners were among the biggest sellers of the asset in the past two weeks and show few signs of renewed demand, on-chain analysis firm CryptoQuant said in a Wednesday report shared with CoinDesk. Wallets tracked by CryptoQuant show whales – a colloquial term for large holders of any token – sold over $1.2 billion worth of BTC in the past two weeks, likely using brokers instead of on the open market.

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2024-06-19 22:50:50 Hedge funds betting on SEC greenlighting spot Ethereum ETFs – VanEck

VanEck head of digital assets research Matthew Sigel believes financial institutions are gearing up for the imminent launch of spot Ethereum (ETH) exchange-traded funds (ETFs) in the US despite the funds pending regulatory approval. He added that data from K33 Research indicates a significant rise in inflows to Ether exchange-traded products (ETPs) outside the US markets, which suggests that large investors are preparing for the regulatory green light for the spot Ethereum ETFs.

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2024-06-19 09:29:58 Bitcoin Sees Selling Pressure From Miners and Long-term Holders Amid Drop to $64K: Bitfinex

Last week marked a notable shift in the dynamics of the crypto market. Bitcoin (BTC) lost over 6% of its value, and U.S. spot Bitcoin exchange-traded funds (ETF) broke their 20-day inflow streak with outflows running into hundreds of millions of dollars. According to the latest Bitfinex Alpha report, bitcoin’s plunge was mainly caused by selling from long-term holders, whales, and miners on exchanges and via over-the-counter transactions.

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2024-06-18 19:49:58 Telecom Giant and T-Mobile Parent Deutsche Telekom Plans to Mine Bitcoin

Bitcoin mining might soon gain a new player: telecommunication giant Deutsche Telekom, the parent company of one of the largest U.S. telcos, T-Mobile. "We will engage in digital monetary photosynthesis soon," Dirk Röder, Head of web3 infrastructure and solutions of T-Mobile's Telekom MMS, said during the BTC Prague conference last week. When asked by the conference host if T-Mobile is mining bitcoin, he answered, "We will."

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