Day: March 1, 2024

Bitcoin options surge to $500m as whales apply cautious strategies

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The volume of Bitcoin put options traded in block trades has surged to over $500 million. Block trades are large transactions typically made outside the open market to avoid impacting the market price directly. A put option gives the holder the right, but not the obligation, to sell an asset at a specified price (strike price) within a certain period. According to Greeks.live, the trading activity was primarily focused on two strategies. The first was a bear spread strategy, typically used when an investor expects a decline in the market…

Netanyahu Must Do a Deal to Free Hostages Like My Uncle

A few months ago, my six-year-old daughter asked me, “Is there a war in Israel?” “Yes,” I said, as I braced myself for the next question. While we are Americans, she knows that much of our family—my aunts, uncles, and cousins—live in Israel. “Has anyone died because of the war?” she asked next, and I answered truthfully. “Yes,” I said, “Sadly, many people have died.” “Has anyone in our family been killed?” she asked. “No,” I said, but I didn’t know how much longer I would be able to give…

Shiba Inu Could See A 2,100% Run If This Happens

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Shiba Inu (SHIB) Marketing Lead, Lucie, has highlighted a move that could see the SHIB token make a 2,100% gain if history were to repeat itself. There is also the belief that the meme coin could even go on to enjoy a higher gain this time around, considering initiatives that have been put in place to increase its value.  SHIB To Replicate 2021 Run? Lucie mentioned in an X (formerly Twitter) post that SHIB surged by 800% in 2021 without any burns and hinted at something similar happening this year.…

From Low to High — Bitcoin Fees Jump Over 129% in 4 Days

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After a short period of diminished onchain network fees, the expense of sending bitcoin has begun climbing once more, hitting a midweek average of 73.3 satoshis per virtual byte (sats/vB) or $11.48 for each transaction. Currently, a backlog of 207 mempool blocks is pending, waiting to process about 134,000 unconfirmed transactions, a situation that has […] Original

Indonesia’s Crypto Watchdog Pushes for Friendlier Taxes as Regulatory Overhaul Looms

While Bappebti has not specified how it wants the Finance Ministry to revise the taxes, it is likely that it seeks the removal of VAT, to match how stocks are treated. The industry expects the shift in oversight to OJK – which oversees all financial services in Indonesia, including banking, capital markets, insurance and pensions – could mean crypto will be treated as securities in the country. Source

Craig Wright Accuses Critics of Bugging His House, Spoofing Emails to Bring Him Back to Court

The Australian computer scientist has long maintained he’s Satoshi Nakamoto, the pseudonymous author of Bitcoin’s foundational document known as the whitepaper. A group of industry participants called the Crypto Open Patent Alliance (COPA) and several Bitcoin developers filed suit against Wright, alleging he’d committed forgeries of an “industrial scale” in trying to prove he’s Satoshi. Source

Bitcoin Safe From Drops Under $60,300? On-Chain Data Says So

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On-chain data shows Bitcoin currently has a thick supply wall between the $60,300 and $62,155 levels that may prevent the asset from falling lower. A Large Amount Of Bitcoin Was Bought Near Current Prices As explained by analyst Ali in a new post on X, BTC has a major support wall just below it right now. In on-chain analysis, the strength of support and resistance levels is gauged through the amount of Bitcoin that the investors bought at them. The chart below shows how the distribution of the investor cost…

Crypto Exchange Binance Faces $10B Demand From Nigerian Government: BBC

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Family Pleads for Clemency as Former FTX CEO Sam Bankman Faces Sentencing – Blockchain News, Opinion, TV and Jobs

By Enoch Mutembei As the sentencing date for Sam Bankman-Fried, the former FTX CEO, approaches, a plea for clemency has emerged from an unexpected source – his own family. In a recent filing to the United States District Court for the Southern District of New York, SBF’s lawyers submitted 29 letters of support, including heartfelt recommendations from his mother, father, and brother. Barbara Fried, Joseph Bankman, and Gabriel Bankman-Fried, the mother, father, and brother of the 31-year-old former CEO, all penned letters to Judge Lewis Kaplan, shedding light on SBF’s…