Month: April 2024

Bitcoin Price Trims Gains Amid War Escalation, Can Bulls Save The Day?

Bitcoin price failed to clear the $67,000 resistance. BTC trimmed gains and is now struggling to stay above the $63,650 support zone. Bitcoin started another decline after it failed to surpass the $67,200 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $66,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but the bears might remain active near the $65,500 zone. Bitcoin…

Bitcoin Whales Continue Buying, Now Hold 25.16% Of All Supply

boss

On-chain data shows that the Bitcoin whales’ holdings have grown to 25.16% of the entire supply, and their net accumulation has continued recently. Bitcoin Investors With 1,000 To 10,000 BTC Have Continued To Buy Recently According to data from the on-chain analytics firm Santiment, the BTC whales have accumulated more than 266,000 BTC since the start of the year. The indicator of interest here is the “Supply Distribution,” which keeps track of the percentage of the total circulating Bitcoin supply that the various wallet groups are holding right now. The…

DOJ arrests Samourai Wallet founder over $2b illegal money flow 

Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill have been arrested by U.S. authorities for laundering over $100 million. According to an April 24 press statement from the U.S. Department of Justice, federal prosecutors have indicted Rodriguez and Hill with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitter via crypto-mixing platform Samourai.  Per the notice, Rodriguez was arrested on U.S. soil, while Hill was apprehended in Portugal and will be extradited to face trial. If convicted, Rodriguez faces a sentence of up to 20…

BlackRock’s Tokenized Fund News Sends Hedera (HBAR) Soaring 100%, The Reason May Surprise You

boss

In a surprising turn of events, the native token of the decentralized ledger platform Hedera, HBAR, experienced a significant price surge of over 100% during the early hours of Tuesday. Starting from a low of $0.0875, HBAR skyrocketed to reach the $0.1821 mark by Wednesday.  The sudden surge was triggered by the news of BlackRock’s tokenized fund, BUIDL, which generated high expectations among HBAR investors regarding a potential collaboration between the prominent asset manager and the Hedera protocol. Not Directly Connected To Hedera? Launched by BlackRock in March 2024, BUIDL…

BitcoinOS whitepaper to address Bitcoin limitations

boss

BitcoinOS released its whitepaper presenting innovative solutions addressing Bitcoin’s scalability and smart contract limitations. The innovations include BitSNARK technology and Grail Rollup Bridges, facilitating seamless communication and asset movement between Bitcoin (BTC) and other blockchains. Though not explicitly mentioned in the whitepaper, CASTL is a shared infrastructure concept that ensures the security and interoperability of these projects within the Bitcoin ecosystem. Unlike alternative approaches that create separate sidechains for defi on Bitcoin, BitcoinOS focuses on leveraging Bitcoin’s inherent capabilities for complex transactions and defi applications directly secured by the Bitcoin…

XRP Price Ready For 70% Breakout As Long-Term Consolidation Nears Its End

boss

The XRP price has seen some level of recovery over the last two days that has seen positive sentiment returning to the latocin once again. This has carried forward with the expectation that the price will continue to surge. One crypto analyst in particular, who goes by RLinda, has revealed why the cryptocurrency is set to surge 70%. XRP Price Completes A False Breakdown In the analysis that was posted on the TradingView website, crypto analyst RLinda outlined a number of reasons why the XRP price may be getting ready…

Iconic ‘Buy Bitcoin’ Sign From Janet Yellen’s Testimony Sells for $1 Million in Crypto Auction

boss

Christian Langalis, famously known as “Bitcoin Sign Guy,” has auctioned the “Buy Bitcoin” sign he displayed during Janet Yellen’s 2017 Congressional testimony for 16 BTC, approximately $1 million dollars at current prices. The sign was listed on the Scarce City marketplace, and was drawn on a yellow legal pad with a Uniball Vision pen. Langalis […] Original

OP_CAT Proposal Assigned BIP-347, Aims to Enhance Bitcoin With Ethereum-Style Smart Contracts

boss

OP_CAT, a proposal aimed at introducing Ethereum-like smart contract functionality to Bitcoin, has been assigned the Bitcoin Improvement Proposal (BIP) number 347, marking the first step towards potentially implementing this long-discussed software upgrade. Co-authors Ethan Heilman and Armin Sabouri have emphasized that receiving a BIP number mainly facilitates discussion around the proposal by providing a […] Original

Will This Help Push BTC Above $74,000?

boss

While Bitcoin struggles to extend gains, on-chain data shared by Ki Young Ju, the founder of CryptoQuant, on X shows increased movement of old coins. As the Bitcoin Average Dormancy chart shows, this trend recently hit a 13-year high.  More Old Whales Moving Coins The Bitcoin Average Dormancy shows the average number of days each BTC has been dormant. On-chain data indicates that coins held for 3 to 5 years have changed hands and moved to new owners.  BTC dormancy chart | Source: CryptoQuant While there was movement, interestingly, data shows that…