Day: December 7, 2023

Surge in Price amid Subdued Interest

Despite the subdued overall interest, a group that remains consistently passionate is the die-hard Bitcoin maximalists. In recent weeks, Bitcoin price has once again captured the attention of the financial industry as it surged above $44,000, a level not seen since May 2022. However, this rally seems to lack the fervor and widespread interest that accompanied previous bull cycles, according to a Bloomberg report. Despite Bitcoin Price Growth, Interest Remain Subdued A notable indicator of the subdued interest in Bitcoin is the positioning of the Coinbase app in the Apple…

Crypto Pundit Reveals Why Bitcoin Is Worth As Much As $17 Million

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A crypto pundit and Bitcoin maximalist, Mark Harvey, has explained why he believes the foremost cryptocurrency Bitcoin, is far off from its true potential. According to him, the crypto token could be worth close to $17 million in the future.  Why One Bitcoin Could Worth $17 Million In a post shared on his X (formerly Twitter) platform, Harvey made a strong case for Bitcoin on why it could on why a price even greater than $17 million is likely. He referred to Bitcoin’s use case as a store of value…

Bitkey Bitcoin (BTC) Wallet Now Available for Pre-Order

The app and hardware device form two of the three keys used to secure a customer’s bitcoin, with the third stored on Bitkey’s servers. The third key is used to verify transactions made by customers using only their phone (when they don’t have the hardware device to hand) and to recover their wallet if they lose their phone, device or both. Source

On-Chain Diversified Indexes Set to Transform Digital Asset Investments

For advisors and their clients, on-chain products offer simple, diversified, accessible exposure to some of the most important themes in digital assets. For now, many of these themes (like DeFi, the Metaverse, crypto, or liquid staking) are not widely available off-chain. Furthermore, these products are available to previously underserved constituencies globally (except in jurisdictions that impose restrictions on such products). And while it is sometimes possible for users to replicate the basic strategies of our tokens independently, doing so would mean numerous transactions, associated transaction fees and sometimes burdensome tax…

Jack Dorsey’s Block Inc. launches self-custody Bitcoin wallet

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Financial payment processor Block, co-founded by Jack Dorsey, has launched its self-custody Bitcoin (BTC) wallet. Dubbed “Bitkey,” developers said during the Dec. 7 announcement that the wallet, available as a mobile app or hardware storage, will be accessible in over 95 countries. Bitkey will feature a two-of-three multi-signature wallet consisting of a mobile key, a hardware key, and a server key, with a secure hardware device alongside recovery tools in the event of loss. It will require both the user’s fingerprint and phone to approve transactions. The first global partners…

‘Early bull market’ — Bitcoin price preps 1st ever weekly golden cross

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Bitcoin (BTC) is lining up an “early bull market” as a unique chart feature plays out for the first time in history. In a post on X (formerly Twitter) on Dec. 7, entrepreneur Alistair Milne drew attention to Bitcoin’s first ever weekly golden cross. Bitcoin goes from death cross to golden cross in 10 months Recent BTC price upside has delivered considerable profits to various Bitcoin investor cohorts, but 165% year-to-date gains are now significant for another reason. Should current performance continue, Bitcoin will witness a crossover of two weekly…

Montenegrin official plans to extradite Do Kwon to the United States: Report

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Terraform Labs co-founder Do Kwon will reportedly be extradited to the United States rather than South Korea to face criminal charges. According to a Dec. 7 Wall Street Journal report citing people familiar with the matter, Justice Minister Andrej Milovic in Montenegro plans to grant U.S. officials’ request for extradition. Kwon was arrested in Montenegro in March and sentenced to four months in prison for using falsified travel documents but has also been charged in the U.S. and South Korea for his alleged role in the collapse of Terraform Labs.…

Binance enhances web3 wallet with Bitcoin, other crypto integrations

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Binance’s web3 wallet now supports Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, and the Sei Network. The integration enables users to transfer tokens across these networks, enhancing user experience and broadening the wallet’s utility. Binance ex-CEO Changpeng Zhao has been committed to the defi wallet amidst these challenges, reflecting a dedication to innovation and user service. However, the integration of coins and Zhao’s efforts must be viewed through a lens of cautious optimism, as the company struggled to balance tech progress with the need for robust regulatory compliance and ethical business practices.…