Tag: Bitcoins

Asian Traders Behind Bitcoin’s Recent Gains, Report Reveals

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Data shows most of Bitcoin’s recent gains since November 27 have been observed during Asian trading hours, according to a report. Bitcoin Saw The Most Returns During Asian Trading Hours As per the latest weekly report from Arcane Research, Asian trading hours saw positive cumulative BTC returns of around 16% between November 27 and January 15. The report defines the three principal trading hours: between 0 to 8 Central European Time (CET) for Asian hours, 8-16 CET for European, and 16-24 for the US. Here is a chart that shows…

Liquidations Cross $200 Million Following Bitcoin’s Rise Above $19,000

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The last 24 hours have been filled with twists and turn for the crypto market but one thing that is important is that bitcoin crossed $19,000. This would be the first time that the digital asset would be reaching this price since the FTX collapse triggered another market downturn. However, as always, such sudden movements in the market would lead to liquidations, and traders are feeling the heat. Crypto Liquidations Cross $200 Million Over the last day, liquidations have ramped up, seeing more than $200 million in losses for traders.…

Climate tech VC argues Bitcoin’s ESG positives outweigh its negatives 31:1

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A climate tech investor has painted a bright view of the Bitcoin (BTC) network, suggesting BTC’s environmental positives outweigh its negatives by a whopping 31:1 ratio. On Jan. 12, self-proclaimed philanthropist and environmentalist Daniel Batten claimed in a Twitter thread that “Bitcoin is probably the most important ESG technology of our time.” According to Batten, the 31:1 positive impact ratio was calculated by researching and interviewing grid engineers, climate scientists, BTC mining engineers, methane abatement experts, and solar and wind installers. The findings discovered 21 ways Bitcoin could be an environmental…

Bitcoin’s Modest Rally Sends Crypto-Related Stocks Sharply Higher

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With most of the miners having begun the year priced as if they will follow peers Core Scientific (CORZ) and Argo Blockchain (ARBK) into either bankruptcy protection or some other form of restructuring, bitcoin’s modest advance is having a big effect on Monday. Marathon is higher by 24% and the company formerly known as Riot Blockchain, Riot Platforms (RIOT), is up 18.5%. Hut 8 (HUT), Hive Blockchain (HIVE), and Bit Digital (BTBT) are all ahead more than 20%. While up just 4.6% Monday, Argo has quadrupled in value since agreeing…

Brother of Criminal Bitcoin Mixing CEO Pleads Guilty to Stealing 712 Bitcoins From IRS

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He also “spent bitcoin extravagantly” at strip clubs and on private jet flights. Photos recovered from his cell phone show a lavish evening out at a club: Gary bathing in a tub full of cash, a blissful smile on his face as scantily-clad dancers mingle behind him. A text reveals that Gary paid $122,232 for the privilege of swimming in the pool of 100,000 one-dollar bills surrounded by the dancers. The massive bill included $15,000 for a “dancer fee” and $25,000 for the room. Original

Bitcoin Core Developer Loses $3.6 Million Worth Of Bitcoins To Hack

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Bitcoin core dev Luke Dashjr has lost $3.6 million to a hack  The perpetrators managed to gain access to Dashjr’s PGP key.  Binance is monitoring the situation and CZ has offered to freeze the stolen funds if possible.  The hack may be associated with a security breach that occurred in November 2022.  Luke Dashjr, a Bitcoin core developer who claims to be the longest contributor to the flagship cryptocurrency, fell victim to a hack earlier this week that led to a loss of millions of dollars worth of Bitcoins.  Lost…

Crypto Supporters Sift Through the Graveyard of Technical Indicators That Failed to Predict Bitcoin’s Bottom – Bitcoin News

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As the end of 2022 approaches, a great number of bitcoin proponents are questioning whether or not the bottom is in as far as the official end of the crypto winter is concerned. The current bitcoin bear run just entered the longest bottom formation since the 2013-2015 bitcoin bear market. Moreover, analysts note that most of the technical bottom indicators used to predict bitcoin prices have failed to forecast whether or not the bottom is in. Rainbows and S2F: The List of Technical Indicators That Failed to Predict Bitcoin’s Bottom…

$1.7M in Quadrigacx Bitcoins Move, Court Trustee EY Says Transfers Were ‘Unauthorized’ – Bitcoin News

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On Dec. 19, the Twitter account Zachxbt revealed he discovered five cold wallets from the now-defunct Quadrigacx crypto exchange move 104 bitcoin. The following day, ‘big four’ accountancy firm EY, Quadrigacx’s bankruptcy court trustee, explained it did not authorize the spending of the funds and that prior reports detailed that the cold wallets were inaccessible to EY. Cold Wallets Associated With Now-Defunct Quadrigacx Wake up After Years of Sitting Idle During the first week of Feb. 2019, the crypto exchange Quadrigacx told customers it was shutting down operations until it…

While Miners Deal With Low BTC Prices, Bitcoin’s Mining Difficulty Target Expected to Increase 3% Higher – Mining Bitcoin News

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Bitcoin’s mining difficulty target is expected to increase on Dec. 19, 2022, after printing the largest reduction recorded in 2022 on Dec. 5, at block height 766,080. During the last 2,016 blocks, Bitcoin’s hashrate has been around 254.3 exahash per second (EH/s), and block intervals have been faster at 9:41 minutes per block. Bitcoin’s Difficulty Expected to Jump 3% Higher on Dec. 19, Bitcoin Average Mining Costs Are Higher Than the Current Spot Market Value In roughly 24 hours, the Bitcoin network will experience another difficulty transition, and this time…

The Surge In Bitcoin’s Price Above the $20k Mark Leads To The Rise of UNI, MATIC, and AAVE 

On July 14, cryptocurrency investors had reason to rejoice. The market witnessed a positive trading session just one day after the Consumer Price Index (CPI) announced a June reading of 9.1 percent, its highest level since 1981. Bitcoin, Uniswap, Polygon, and Aave all went green just one day after the biggest CPI print in over four decades. For seasoned traders accustomed to a one to two-day bounce in asset prices following the most recent CPI prints, the market’s move higher was not wholly unexpected. These traders also understand that there…