Day: November 15, 2024

Satoshi-era Bitcoin wallet moves 2,000 BTC for the first time since 2010

A wallet that first received coins in the early years of Bitcoin has moved 2,000 BTC for the first time since 2010. The Bitcoin (BTC) wallet, which falls under the so-called “Satoshi-era wallets”, moved the BTC worth nearly $180 million to U.S.-based crypto exchange Coinbase on Nov. 15. According to Lookonchain, on-chain data shows the whale hodled for 14 years. That means the miner held on from when Bitcoin price hovered below 10 cents. Now, with rapid adoption, the coins mined when BTC creator Satoshi Nakamoto was still active online…

XRP Breaks Above Multi-Year Resistance – Top Analyst Shares Price Target

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Este artículo también está disponible en español. XRP is making waves in the crypto market, trading at $0.82 after setting new yearly highs following an impressive 65% surge in just a few days. This rally has captured the attention of investors and analysts, with top analyst Carl Runefelt sharing insights into XRP’s bullish breakout. According to Runefelt, XRP has finally broken above a multi-year resistance level, signaling the potential for a massive rally to higher prices in the coming weeks. Related Reading Adding to the optimism, recent positive developments in…

Bitcoin mixer operator sentenced to 3 years for laundering over $300m

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Larry Harmon, an Ohio resident, has been sentenced to three years in prison for laundering more than $300 million worth of Bitcoin through his darknet service, Helix, according to Bloomberg. The platform operated a tool designed to obscure the origins of cryptocurrency transactions, enabling users, primarily criminals, to move funds undetected, according to the U.S. Justice Department The service was active from 2014 to 2017, during which Harmon partnered with major darknet marketplaces like AlphaBay to process illegal transactions involving drug sales, stolen data, and counterfeit goods. Unlicensed money-transmitting Harmon…

The Many Ways Crypto Won in This Election

People are policy, and Trump surrounds himself with an orange-pilled group. VP-elect JD Vance owns Bitcoin, and has a long track of engagement with crypto, even authoring a market structure bill as a senator. Vivek Ramaswamy, the new co-lead of the Department of Government Efficiency (DOGE), has been a crypto bull for some time. Trump’s transition team co-chair Howard Lutnick is a bitcoin and stablecoin megabull (his company Cantor Fitzgerald custodies for Tether). Musk himself, who is becoming a right-side Soros of sorts, has dabbled in crypto for years. Source

Bitcoin Volume Crashes 27% As Price Falls, What Does This Say About The Decline?

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Este artículo también está disponible en español. The Bitcoin volume has experienced a severe crash amidst its initial price momentum, falling by approximately 27% and triggering a subsequent decline in the value of the pioneer cryptocurrency. This significant drop in volume has caught the attention of market participants, as a crypto analyst is discussing the mechanics and significance of a decline in Bitcoin and whether it indicates a Distribution or Accumulation phase.  Bitcoin Price Falls As Volume Plummets 27% Data from CoinMarketCap has revealed that the daily trading volume of…

As bitcoin wraps up big week, case is made for $200,000

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Bitcoin is closing in on $100,000 for the first time, but could still double after that, according to BCA Research. “After its recent surge, premised on the more ‘bitcoin friendly’ candidate winning the U.S. presidency, we can expect some near-term retracement — as was the case in April this year,” analyst Dhaval Joshi wrote in a report on Thursday. “On a multiyear horizon though, bitcoin’s structural uptrend is intact and will ultimately take it to $200,000+.” That is due to the belief that, similar to gold, bitcoin is a “non-confiscatable…

Thumzup approves $1m of Bitcoin as treasury reserve asset

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Thumzup Media Corporation, a social media marketing company based in Los Angeles, announced its entry into the crypto space with plans to purchase up to $1 million in Bitcoin.  The company, which helps brands pay users to promote them on platforms like Venmo and PayPal, aims to diversify its treasury holdings with this move. CEO Robert Steele explained in a company release that Bitcoin’s rising institutional acceptance and the introduction of Bitcoin (BTC) exchange-traded funds have solidified its role as a viable financial asset.  The company believes that Bitcoin’s finite…

Bitcoin Spot Is King – STH Selling Pressure Expected To Be Absorbed By ETFs

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Este artículo también está disponible en español. Bitcoin has experienced a whirlwind of volatility following its recent all-time high of $93,483 set on Wednesday. Over the past few days, the price has oscillated between this record level and a low of $85,100, indicating the potential onset of a consolidation phase before the next major move. Traders and investors are now closely monitoring whether BTC will stabilize or continue its upward trajectory. Related Reading Key data from CryptoQuant suggests that selling pressure may increase quickly, primarily driven by speculative traders looking…