Bitcoin Traders Slayed the Infamous Bear Whale Who Dumped 30,000 BTC in a Single Trade – Featured Bitcoin News

Eight years ago today on October 6, 2014, while the price of bitcoin was coasting along at $330 per unit, an anonymous Bitstamp trader placed an order to sell 30,000 bitcoins. Moreover, the trader, now infamously known as the “Bear Whale,” sold the coins at $300 per unit, which put extreme pressure on the nascent bitcoin market that saw roughly $29 million a day in global trade volume. A Look at the October 2014 Bitcoin ‘Bear Whale Incident’ While bitcoin (BTC) is trading for just below the $20K region, approximately…

Brazilian Presidential Candidate ‘Lula’ Da Silva Signals Support for Central Bank of Brazil Involvement in Crypto Regulation – Regulation Bitcoin News

The presidential candidate that obtained most of the votes in the first Brazilian ballot round, Luis Inacio Da Silva, better known as “Lula,” declared that the Central Bank of Brazil should be responsible for building a cryptocurrency law framework. Lula also stated that the impact of cryptocurrencies should be measured to avoid any adverse effects it might bring to the national economy Lula Supports Central Bank Oversight on Crypto The candidate that obtained most of the votes in the first voting round in Brazil’s presidential elections, Luis Inacio…

Grayscale’s New Co-Investment Vehicle Aims to ‘Capture the Upside of Crypto Winter’ – Bitcoin News

On October 6, Grayscale Investments announced a new venture that gives accredited investors the opportunity to invest in the mining infrastructure that powers the digital asset ecosystem. According to the announcement, the co-investment vehicle is called Grayscale Digital Infrastructure Opportunities (GDIO), and the crypto mining firm Foundry will handle the new product’s operations. GDIO is meant to “capture the upside of crypto winter,” Grayscale’s announcement on Thursday details. Grayscale’s New Co-Investment Vehicle GDIO Looks for Opportunities Within the Crypto Economy’s Market Cycles — Day-to-Day Operations to be Managed by Foundry…

Bitcoin Long-Term Holder Supply Reaches An All-Time High Of 13.7M – ARK Invest Report

Ark Invest published its monthly Bitcoin report, detailing several bullish signs for the asset and the general market. It notes that Bitcoin is in oversold condition, and the asset might have reached a strong bottom, pointing to Bitcoin’s short-term-holder cost basis crossing below the long-term-holder equivalent for the first time since late 2018. Bitcoin’s long-term holder supply reached an all-time high of 13.7 million BTC, accounting for 71.5% of the outstanding supply. Ark Invest has released its monthly Bitcoin report, and some of the statistics in the report indicate a…

Bitcoin․com Announces Public Sale of VERSE Ecosystem Token – Press release Bitcoin News

press release Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has announced that Sale B, or the public sale of the VERSE utility and rewards token, will begin on November 1, 2022. Verse will support people onboarding into Bitcoin and DeFi by rewarding them for buying, selling, storing, using, and learning about cryptocurrency. Since 2015, Bitcoin.com has been creating opportunities for financial independence on a global scale through its suite of resources, including the Bitcoin.com news site, educational…

Mike McGlone Says Gold Price Is ‘Firming’ — Commodity Strategist Insists BTC, ETH Will ‘Outperform Most Major Assets’ – Economics Bitcoin News

Over the last two days, Bloomberg Intelligence commodity analyst Mike McGlone published the firm’s commodity and crypto outlook reports, and McGlone’s latest analysis details that the price of gold could resume its rally after a foundation similar to 1999 is constructed. Moreover, as far as bitcoin and ethereum are concerned, the analyst argues that the two leading crypto assets will “outperform most major assets” when the “economic tide turns.” Commodity Strategist Mike McGlone: ‘We See Risks Tilting Toward an Elongated Deflationary Period, Which Can Favor Gold’ The senior commodity strategist…

UNI Closes in on 5-Week High, While SOL Also Climbs – Market Updates Bitcoin News

Uniswap moved closer to its highest point since late August on Thursday, as the token extended recent gains. Today’s surge is the fourth consecutive day that prices have climbed, leading the token to break out of a key resistance level in the process. Solana was also in the green, recording a seven-day high as a result. Uniswap (UNI) Uniswap (UNI) was one of today’s notable movers, as the token rose for a fourth consecutive day. UNI/USD raced to an intraday high of $6.99 on Thursday, which comes less than a…

EU Council Endorses Markets in Crypto Assets (MiCA) Legislation – Regulation Bitcoin News

Council of the EU, one of the European Union’s legislative bodies, has approved the proposed regulatory framework for the European crypto space. It’s now up to European lawmakers to approve the Markets in Crypto Assets package before its final adoption. Comprehensive Crypto Regulation Moves Closer to Adoption in EU The Committee of Permanent Representatives (COREPER) has approved the final version of the Markets in Crypto Assets (MiCA) legislation, according to a document published by the Council of the European Union after a meeting on Oct. 5. The committee is made…