News
Judge rules Craig Wright is not Satoshi and did not write the Bitcoin whitepaper
COPA initiated legal action against Craig Wright in an attempt to prevent him from suing developers and others in the crypto community, claiming ownership of Bitcoin’s technology. Following a month-long trial, UK Judge James Mellor delivered a verdict stating that Wright is not Satoshi Nakamoto, the creator of Bitcoin, nor did he author the Bitcoin…
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Are Bitcoin Traders Reviving Animal Spirits with $20M Locked in $200K Call Option?
Deribit data indicates a surge in activity for the $200,000 strike bitcoin call option, which is significantly higher than the current market rate of the cryptocurrency. Open interest in options has reached all-time highs alongside the impressive rally in bitcoin’s price. Investor optimism, reminiscent of the bullish sentiment in 2021, is driving increased interest in…
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Bitcoin on Track for Largest Monthly Increase in 36 Months
Analysts suggest that the cryptocurrency market still has significant potential for growth. Bitcoin is set to end February with an impressive 44% increase, marking its most substantial monthly gain since December 2020. According to Galaxy’s Alex Thorn, the demand for Bitcoin through U.S.-listed spot bitcoin ETFs is met with limited supply, primarily due to long-term…
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Ether and Mantle Lead Major Cryptocurrencies as Bitcoin Traders Anticipate Correction to $48K
Bitcoin prices remained relatively stable over the weekend, showing low volatility typical of such periods. Conversely, ether and several other tokens within the ecosystem recorded gains, fueled partly by the emerging narrative around the new ether ETF. During the Asian morning hours on Monday, Bitcoin lingered around the $51,500 mark, while ether managed to reclaim…
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Bitcoin Could Possibly Surpass $69K All-Time High Before Halving Due to Two Factors
The data from previous cycles surrounding Bitcoin halvings, coupled with analysis of a key technical indicator known as the Relative Strength Index (RSI), suggests a favorable outlook for Bitcoin’s price in the near future. Historically, Bitcoin tends to bottom out 12-16 months prior to halving events and typically experiences upward trends leading up to and…
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Bitcoin Tops $47K as Spot Bitcoin ETFs Book One of Their Best Days
Spot Bitcoin ETFs had the third-largest net inflows since their launch on Thursday, with holdings increasing by 9,260 BTC. Bitcoin surged to $47,600 on Friday morning in the U.S., before experiencing a quick 2% sell-off. The ETFs received over $400 million in inflows on Thursday, marking their best day since January 17, according to data…
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Possible Resolution to FTX Hack Mystery: U.S. Charges Three Individuals with Theft, Including Notorious Assault on Cryptocurrency Exchange
The federal indictment does not explicitly name Sam Bankman-Fried’s FTX as the targeted entity, yet Bloomberg has reported it to be the victim. On Wednesday, the U.S. federal government charged three individuals in a prolonged phone hacking scheme that climaxed in the notorious theft of $400 million from FTX during the collapse of Sam Bankman-Fried’s…
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The flow of funds into Bitcoin ETFs indicates a negative trend for the first time since their launch.
Outflows from Grayscale’s GBTC have stayed elevated, while inflows for the other funds collectively have decelerated. Data from Bloomberg Intelligence analyst James Seyffart reveals that the 10 spot bitcoin ETFs, including GBTC, experienced a net outflow of $158 million on Wednesday. Although daily flows can be volatile, figures from issuers’ websites show a total bitcoin…
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Investors in the cryptocurrency market see a loss of $217 million due to apparent Bitcoin sales by Grayscale weighing on the market.
Analysts observed that GBTC shares dipped to a 0.9% discount, signaling potential selling pressure. As spot bitcoin ETF approvals unfolded, futures traders anticipating higher crypto prices faced around $217 million in liquidations over the past 24 hours. The approval of spot bitcoin ETFs became a “sell-the-news” event, triggering contrarian bets. Concerns about Grayscale’s potential bitcoin…
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Larry Fink, CEO of BlackRock, Expresses Support for Ethereum ETF
The CEO of BlackRock, Larry Fink, has expressed support for the idea of an exchange-traded fund (ETF) for ether (ETH), the native token of the Ethereum blockchain. This comes a day after the launch of the highly anticipated bitcoin (BTC) ETF. In an interview with CNBC, Fink stated, “I see value in having an Ethereum…
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