Bitcoin Supply Drop Signals Bullish Price Movement, Analyst Says

After its latest halving event, Bitcoin sent a positive signal throughout the crypto market. Historically, this big drop in supply has been connected to notable price gains, which has inspired investor hope. Related Reading The halving, which cut the rate at which new Bitcoins were made, has actually slowed the flow of new Bitcoins into the market. This sudden drop in supply, along with growing interest from institutions and wider use, is likely to push Bitcoin prices up. Many investors are attentively observing these dynamics and expect a similar trend…

ICO takes action against two organisations for “risking public trust” by failing to respond to public requests for information

We have taken action against two trusted public services after investigations found they’d failed to meet basic information request requirements, as set out under the Freedom of Information Act 2000 (FOIA). Both Devon and Cornwall Police and Barking, Havering and Redbridge Hospitals NHS Trust have been issued with enforcement notices for their ongoing FOI failings which have seen hundreds of information requests go without a response. Our Head of FOI Complaints and Appeals, Phillip Angell, said: “Everyone should have the ability to access public information. When this information is not received…

Bitcoin Price (BTC) Climbs Back Above $67K, Spurring CoinDesk 20

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…

VacEck Places $52.4 Million Price Tag On Bitcoin, But How Is This Possible?

American investment management firm VanEck has set an astonishing price target for Bitcoin (BTC), the world’s largest cryptocurrency. This forecast, which seems almost inconceivably high compared to most market predictions, has garnered significant attention. Despite the ambitious forecast, VanEck’s research team has presented a comprehensive rationale explaining why they believe such a substantial price increase is attainable.    VanEck Predicts Bitcoin Valuation For 2050 On July 24, VanEck published a report, outlining the teams’ assumptions for a bull scenario in which BTC could potentially rise to $52.38 million by 2050. Notably,…

Bitcoin Cash Jumps 7% amid Mt. Gox Repayments, Eyes $400

CoinspeakerBitcoin Cash Jumps 7% amid Mt. Gox Repayments, Eyes $400 Bitcoin Cash (BCH), a leading blockchain network created as an alternative to Bitcoin (BTC), has witnessed remarkable growth in the past 24 hours and is now eyeing the $400 price level. The altcoin is up by around 7% and is trading at $375.40 at the time of writing, after rebounding from the $348 price level. The surge in the price of BCH comes at a time when Mt. Gox, a bankrupt digital asset trading platform, has initiated creditor repayments. It…

Bitcoin Regains $67,000, Adds Nearly 5% in 24 Hours

Ether continues to underperform the wider crypto market following $152 million of outflows from ETH exchange-traded funds. Current cumulative flow for the ETFs since they started trading this week is negative $178.68 million. That’s mainly owing to withdrawals from Grayscale Ethereum Trust (ETHE), which converted to an ETF. “This situation is very similar to the bitcoin ETF product launched at the beginning of the year,” CoinShares analysts said in an emailed note. Outflows from the Grayscale Bitcoin Trust (GBTC), which converted from a closed-end structure into an ETF that allowed…