Bitcoin | Ethereum | Altcoin

2024-02-28 12:55:19 Bitfinex hacker testifies in Bitcoin Fog trial as government witness

Convicted Bitfinex hacker Ilya Lichtenstein has become a key government witness in a jury trial involving the alleged operator of crypto mixer Bitcoin Fog Roman Sterlingov, Bloomberg News reported on Feb. 27. US prosecutors arrested and charged Sterlingov in April 2021 over allegations that the mixer helped launder 1.2 million BTC — worth $335 million at the time — linked to illicit activities on the dark web.

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2024-02-27 23:15:38 Skybridge Capital's Anthony Scaramucci on Warren Buffett Buying Bitcoin: 'Never Say Never'

Anthony Scaramucci, the founder and managing partner of Skybridge Capital, has commented on the potential for Berkshire Hathaway, the holding conglomerate founded by Warren Buffett, to buy bitcoin. While acknowledging Buffett’s negative stance on crypto, Scaramucci believes it’s still a possibility. ‘Never say never,’ stated Scaramucci.

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2024-02-27 12:45:21 Bitcoin ETF High Volume Doesn't Always Mean Heavy Buying: NYDIG

While high trading volume in the new spot bitcoin ETFs is commonly thought to indicate strong investor buying interest, it may not necessarily be so, according to a NYDIG report. "Daily trading volume is not a reliable indicator of daily fund flows, a misconception prevalent in the industry,” Greg Cipolaro, global head of research at NYDIG, wrote in a note on Friday.

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2024-02-26 20:42:03 MSTR rallies 10% as MicroStrategy buys $155 million Bitcoin in 10 days

MicroStrategy bolstered its Bitcoin reserves by purchasing 3,000 BTC for approximately $155 million within ten days. This purchase takes the business intelligence and Bitcoin development firm’s total holding to 193,000 BTC, acquired for around $6.09 billion at an average price of $31,544 per BTC. According to Nasdaq data, the news has positively impacted the early trading of its MSTR shares, which rose by around 10% to $751 as of press time.

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2024-02-26 10:01:06 Grayscale’s Bitcoin ETF records lowest outflows since conversion

Grayscale’s GBTC posted $44.2 million in withdrawals on Feb. 23, marking its lowest daily volume since transitioning to an ETF. Grayscale’s Bitcoin Trust (GBTC) has seen outflows reach their lowest point over the past few days, signaling a slowdown in withdrawal volumes. According to data from BitMEX Research, GBTC had withdrawals of $44.2 million on Feb. 23, the lowest daily volume since its conversion on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).

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2024-02-25 22:05:29 U.S. Government pauses scrutiny of bitcoin mining’s energy consumption after court ruling

The U.S. Department of Energy (DOE) has temporarily halted its controversial survey to assess the energy consumption of cryptocurrency mining operations. This decision comes in the wake of legal challenges from industry participants, including Riot Blockchain, a leading mining company, and the Texas Blockchain Council.

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2024-02-25 08:05:12 JP Morgan announced plans to offer an actively managed Bitcoin fund to its private wealth clients

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2024-02-24 19:40:30 'No Guarantee' Bitcoin Halving Will Be Favorable for Miners: Riot Platforms

One of the largest Bitcoin mining facilities, Riot Platforms, has warned shareholders that there is "no guarantee" the Bitcoin halving will have a positive impact on its profitability. Roughly every four years, Bitcoin is programmatically set for a "halving" which cuts the reward for mining new blocks in half as a way to keep inflation in check. Bitcoin is set for its next halving sometime in April with some speculators thinking that it will increase the price of Bitcoin.

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2024-02-24 12:20:19 Never-before-seen Satoshi Nakamoto emails add several details to Bitcoin’s origin lore

Private email correspondence between the pseudonymous Bitcoin creator Satoshi Nakamoto and an early contributor to the project, Martii Malmi, has shed further light on the origin story of the flagship crypto and its creator’s earliest thoughts about the future. The emails were shared as evidence by Malmi in the Crypto Open Patent Alliance (COPA) vs. Craig Wright trial as part of his testimony. The trial has been ongoing since the beginning of February and will determine whether Wright’s claims of creating Bitcoin have any substance.

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2024-02-23 18:35:23 Donald Trump can now ‘live with’ Bitcoin accepting growing demand, suggests further regulation

Former US President Donald Trump’s stance toward Bitcoin has taken a different turn, with him noting the growing demand for the flagship digital asset. In 2021, the former President described Bitcoin as a “scam against the dollar” that regulators should take action to monitor. At the time, Trump’s skepticism stemmed from the perceived risks of cryptocurrencies, including their volatility and susceptibility to facilitating illicit financial activities.

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