Author: boss

Bitcoin Halts Gains as US-Iran War, Hormuz Closure Make a Comeback

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Bitcoin foreshadows fresh market mayhem as it appears that the US-Iran war has returned, including the closure of the Strait of Hormuz oil route. Bitcoin (BTC) sought to protect $75,000 into Sunday’s weekly close as crypto surfed fresh uncertainty over the US-Iran war. Key points: Bitcoin price action sinks from ten-week highs amid fears that the US-Iran war has returned in full force. Iran closes the Strait of Hormuz, bringing back the risk of an oil-price surge. BTC price action faces ongoing resistance at a 21-week trend line into the…

Adam Back says Bitcoin safe despite 2029 quantum talk

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Bitcoin developer and Hashcash creator Adam Back has responded to concerns raised by Nic Carter regarding a possible quantum computing milestone in 2029. Summary Adam Back rejects claims that 2029 quantum computing threatens Bitcoin’s cryptographic security. Google quantum timeline seen as research milestone, not practical tool for breaking Bitcoin encryption. Bitcoin developers work on post-quantum upgrades including new secure address and signature systems. Carter had suggested that advances in quantum systems could challenge Bitcoin’s cryptographic security. Back dismissed the concerns during recent comments, stating that software protection continues to improve…

Bitcoin slides $3K from peak as crypto market turns red

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Bitcoin (BTC) has moved lower after failing to hold above its recent peak of $78,400. The asset slipped toward $75,000 following increased market pressure linked to geopolitical tensions in the Middle East. Summary Bitcoin rejected near $78,400 and fell toward $75,000 after geopolitical tension reports. Altcoins including Ethereum, XRP, and BNB followed Bitcoin with broad market declines. PI token, AAVE, and WLD recorded notable losses during overall crypto market correction. Price action shows Bitcoin had earlier climbed from below $70,500 to a 10-week high. The move followed brief optimism around…

Bitcoin Rebounds, But Crypto’s Security Crisis Intensifies

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This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story. Key Takeaways: Bitcoin rose 4% as BTC, ETH, and SOL gained, showing risk appetite despite oil and macro stress. Kraken, CoW Swap, and Hyperbridge hacks hit trust; Ethereum Foundation launched audit support next. Bitfinex said whale buying is the strongest since 2013; Bitcoin may test $90K as supply…

Aluminum Giant Alcoa to Sell Dormant Smelter to Bitcoin Miner NYDIG: Report

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US aluminium giant Alcoa is reportedly nearing a deal to offload its long-idle Massena East smelter in upstate New York to Bitcoin mining firm New York Digital Investment Group (NYDIG). The company is in advanced discussions and expects the transaction to close “in the middle part of this year,” CEO Bill Oplinger told Bloomberg on Friday. The site, located along the St. Lawrence River, has been inactive since 2014 after Alcoa shut it down amid rising energy costs and global competition. Built for 24/7 heavy industrial operations, aluminum smelters come…

Bitcoin Shows Classic ‘Wall Of Worry’ Rally As Retail Lags Behind

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A recent on-chain analysis suggests that Bitcoin is once again showing divergence across its investor cohorts, specifically between institutional players and retail investors. According to this analysis, the Bitcoin price may have more room for growth than we have seen so far in this cycle. Bitcoin ETF Flows Align With Coinbase Premium Index Readings In a recent Quicktake post on the CryptoQuant platform, crypto research and education firm XWIN Research Japan delves into the dynamics of the Bitcoin market noting that a crucial structural shift is emerging.  The relevant indicators…

RaveDAO Denies Manipulation as Binance, Bitget Probe RAVE Trading Activity

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RaveDAO has denied any role in the recent surge and sharp collapse of its RAVE token, as major crypto exchanges open probes into trading activity following allegations of market manipulation. In a thread posted on X, the project said it was “not engaged in, nor responsible for, recent price action,” responding to mounting scrutiny after RAVE soared from roughly $0.25 to nearly $28 within days before plunging more than 80%. The denial comes as onchain investigator ZachXBT accused the project of orchestrating a pump-and-dump scheme, pointing to concentrated token holdings…

SuperTrend Flips Bullish On XRP Daily Chart — But Key $1.55 Resistance Awaits

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The XRP market has recorded a major positive development, as the SuperTrend flashed its first buy signal on the daily chart in over three months. This event indicates the altcoin’s short-term prospects are looking positive amid the broader market volatility driven by an unstable geopolitical scene. XRP Bulls Set Course For Encounter With $1.55 Barrier In an X post on April 18, renowned analyst Ali Martinez shares a bullish outlook for the XRP market, highlighting the resistance level and a price target. This analysis follows the SuperTrend indicator, which has…

Charles Schwab, Citadel Both Mull Prediction Market Play

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Traditional finance giants Charles Schwab and Citadel Securities are both considering entering prediction markets, with each separately weighing up how they wish to get involved in the fast-growing sector. “I think at some point we likely will have prediction markets,” Rick Wurster, the CEO of the banking and investing titan Schwab, told investors during a call on Thursday. He added that prediction markets weren’t “of tremendous interest” when he recently asked a group of Schwab clients about them, but it was an area the company would “take a hard look…

Largest Bank of Russia Prepared to Offer Cryptocurrency Trading Services

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Key Takeaways: Sberbank readies crypto trading for its 110M clients, awaiting upcoming Bank of Russia regulations next. Following a December loan to Intelion, Sberbank plans to expand crypto-backed lending to more firms next. A December Bank of Russia draft caps retail buys at $4,000 yearly, paving the way for future market access. Sberbank Ready To Offer Crypto Services As Soon As Regulation Arises Cryptocurrencies are poised to make inroads into the Russian banking system as soon as a regulatory framework for these assets is established. Sberbank, one of the largest…