Bitcoin is soaring once again, but Bitcoin.com CEO Corbin Fraser wishes to remind everyone that with its unique set of driving forces, bitcoin is on a long-term trajectory to reshape the global economy Bitcoin Nears Historic Highs but Huge Growth Is Still Ahead Bitcoin’s recent price action has been impressive, with the cryptocurrency approaching […] Original
BOB’s aim is to create bridges between itself and layer-1 blockchains like Ethereum, with the ultimate goal of making Bitcoin the center of DeFi. Its decision adds to the critical mass of blockchain developers choosing to build on Optimism’s OP Stack. Original
Bitcoin price pulled back slightly after nearly retesting its all-time high of $73,800 on Oct. 29. Bitcoin (BTC) trading at $71,800 as crypto analysts predicted an eventual bullish breakout in the coming days. In an X post, Mando CT, a crypto trader with over 600,000 followers on X and 300,000 on YouTube, predicted that the bull run was gaining momentum. He also noted that bullish sentiments in the crypto industry were “loud and clear.” $BTC bull run kicks into high gear, gaining momentum faster than light. This cycle will bring…
Bitcoin is approaching an all-time high, with demand from exchange-traded funds (ETFs) driving its current rally, according to a recent analysis from Cryptoquant. Bitcoin Nears All-Time High as ETF Demand Intensifies, Cryptoquant Reports Bitcoin’s price is trading near its previous peak, hovering around $71,800 to $72,000 as of late October, largely driven by a sharp […] Original
The total OTC desk balance, however, has held pretty steady since the beginning of September. The 30-day change is just 3,000 BTC, down from a June high of 92,000 BTC. During the first quarter, the pent-up demand led to a negative 30-day change in OTC desk balances, which helped propel the asset to its record high. Original
Co-founder of Satoshi Action Fund, Dennis Porter, claims a Democratic lawmaker is planning to introduce a legislation that would protect the rights of Bitcoin holders in a Democratic trifecta state, known as the Bitcoin Rights Bill. According to a post on X, the CEO of Satoshi Action Fund claims that he can confirm a Democrat lawmaker from a Democrat trifecta state is set to unveil a Bitcoin Rights Bill. If this news is proven true, then it would be the first time in history that a Democratic trifecta state will…
Cryptocurrency mining will soon be banned in certain regions of Russia due to electricity shortages, per Deputy Energy Minister Evgeny Grabchak. Russia will soon prohibit Bitcoin (BTC) mining in several regions due to a critical electricity shortage, Russia’s state news agency TASS reports, citing Deputy Energy Minister Evgeny Grabchak. Speaking at a tech forum, he said that areas such as the Far East, southwestern Siberia, and the South are currently experiencing significant energy deficits, making it impossible to provide large power capacities until at least 2030. The statement follows Vladimir…
A lawsuit against Bitcoin miner Northern Data was dismissed after ex-employees retracted key allegations, acknowledging potential misstatements in their claims. Bitcoin (BTC) miner Northern Data saw a lawsuit from two former executives dismissed after they retracted allegations of wrongful termination and whistleblower retaliation, acknowledging potential misunderstandings in their initial claims. The suit, filed by former chief operating officer Joshua Porter and former chief financial officer Gulsen Kama, initially claimed wrongful termination and whistleblower retaliation, alleging the firm engaged in questionable financial practices, including tax evasion and misleading investors about its…
Florida chief financial officer, Jimmy Patronis, is requesting the State Board of Administration to consider including Bitcoin in Florida’s state pension funds. On Oct. 29, Patronis sent a letter addressed to Florida State Board of Administration executive director, Chris Spencer, asking the agency that manages Florida’s pension funds to consider adding Bitcoin to their portfolios. In Patronis’ letter, he explains that Bitcoin(BTC) is often dubbed “digital gold” which he believes could serve to diversify the state’s portfolio and provide a secure hedge against the volatility of traditional assets. Patronis also…
The U.S.-based spot Bitcoin exchange-traded funds have been running wild over the past three weeks, acting as a major catalyst for the market-wide bullish momentum. According to data provided by Farside Investors, spot Bitcoin (BTC) ETFs in the U.S. recorded $870.1 million in net inflows on Oct. 29—a level last seen on June 4. BlackRock’s IBIT fund led with $642.9 million in inflows, with its total net inflows reaching $24.94 billion. Here’s a quick review of the ETF performance yesterday: Fidelity’s FBTC: $133.9 million in inflows. Bitwise’s BITB: $52.5 million…