This Bullish Bitcoin Metric Just Touched A 15-Year High

The percentage of Bitcoin’s long-term holders’ supply has reached a 15-year high, providing a bullish outlook for the flagship crypto. Asset manager Ark Invest highlighted this development in a recent report and explained what this could mean for BTC going forward.  Bitcoin Long-Term Holders Supply Hit 74% According to the Ark Invest report, the long-term holders’ supply has reached 74% of Bitcoin’s total supply, marking a 15-year high for this metric. The asset manager noted that this trend indicates growing market conviction in BTC’s role as a store of value…

CoinDCX Launches White-hat Recovery Bounty after $44M Hack

Indian cryptocurrency exchange CoinDXC announced a recovery effort after falling victim to a $44 million exploit on Friday, with the firm pledging a bounty for ethical hackers who help retrieve the stolen funds. CoinDXC’s internal accounts used for “liquidity provision” were exploited on Friday, leading to $44 million worth of cryptocurrency being stolen, while user funds remained unaffected. In an effort to recover the stolen funds, CoinDCX CEO Sumit Gupta announced a new recovery bounty program that offers white hat hackers up to 25% of any recovered funds they can…

HOW TO MINE BITCOIN ON ANY LAPTOP in 2024 | Crypto Mining Tutorial | Nicehash ASIC Miner

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Strategy Buys $740M in BTC After $122K Surge

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued stacking Bitcoin last week as the cryptocurrency surged past $122,000 for the first time last Monday. Strategy acquired 6,220 Bitcoin (BTC) for $739.8 million during the week ending Sunday, July 20, according to a US Securities and Exchange Commission filing on Monday. Strategy’s new Bitcoin purchases were made at an average price $118,940 per coin, with BTC starting the week at historic levels above $122,000 before dropping to an intraweek low of $116,000 and consolidating at around $118,000, according…

Chinese blockchain Conflux launches offshore yuan stablecoin

Chinese blockchain Conflux announced the third version of its public network and introduced a new stablecoin backed by the offshore Chinese yuan. According to a report from the Shanghai municipal government on Sunday, Conflux announced the developments during a three-day conference held over the weekend. At the event, Conflux unveiled a partnership with fintech firm AnchorX and information technology security firm Eastcompeace to support the launch of an offshore yuan-backed stablecoin. The news follows AnchorX receiving in-principle approval for its yuan-pegged stablecoin AxCNH by Kazakhstan’s regulator, the Astana Financial Services…

Too Pricey? Expert Says XRP Beats Bitcoin, Ethereum Right Now

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

The Ether Machine to launch largest Institutional ETH Yield Fund

A team of crypto-native researchers and public market experts is preparing to launch what it calls the largest yield-bearing Ether fund targeting institutional investors. The company, called Ether Machine, plans to create a publicly traded vehicle offering institutional-grade exposure to Ethereum infrastructure and Ether (ETH) yield, it announced on Monday. It is co-founded by Andrew Keys, a former board member and head of global business development at Consensys, and David Merin, a former corporate development executive at Consensys who now serves as Ether Machine’s CEO. Ether Machine aims to “expand…

Coinsilium’s Bitcoin Treasury Company Forza Gibraltar Reaches 112 BTC With Latest Purchase

Coinsilium Group Limited has announced that its wholly owned subsidiary, Forza Gibraltar Limited, has increased its bitcoin holdings to 112.0009 BTC following a recent acquisition of 10.2489 BTC at an average purchase price of £89,765.73 ($120,826.51) per bitcoin, totaling approximately £920,000 ($1,238,000). This brings the aggregate average purchase price of Forza’s bitcoin holdings to £81,710.15 […] Original