Tag: Bitcoins

$540 Million Worth of ‘Sleeping Bitcoins’ From 2014 Move — BTC Possibly Linked to Cryptsy Theft – Bitcoin News

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On March 29, blockchain parsers caught a sequence of 11 transactions totaling 11,325 bitcoin moving from unknown wallets created in 2014, to a great number of recipient addresses. Furthermore, the stash of bitcoin worth $540 million today is possibly linked to the Cryptsy theft, according to onchain analytics. 11,325 Bitcoins Move From Dormant 2014 Addresses, Assets May Be Linked to Cryptsy Theft A whole lot of bitcoin stemming from wallets created in 2014 moved on Tuesday and the funds may be tied to the Cryptsy theft. The now-defunct cryptocurrency exchange…

After years of doubts and concerns, it is finally Bitcoin’s time to shine

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Gold has served as a store of value for thousands of years. Due to this, investors have widely used it as a hedging tool against the effects of recessions and inflation often caused by geopolitical tensions. In light of recent events such as the COVID-19 pandemic and, more recently, the military crisis between Russia and Ukraine, many investors have sought alternatives to gold and other precious metals as hedging options. As we approach a digitized age, it is a prerequisite that alternatives to gold are equipped to deal with the…

BIG CRYPTO NEWS! This Could Shoot Bitcoin to $100K!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🔸 FREE $100 & No Monthly Fees 💵 I-Trust Capital ► 💠 Binance FREE Bitcoin BONUS (U.S. Accepted) ► 🔸 KuCoin FREE Airdrop Bonus Up To $1,000 ► Whether it’s from Raoul Pal, Plan B, Willy Woo, Michael Saylor or any voice in the bitcoin community one of the most common themes we’ve been hearing in 2021 is that the institutions are coming, which will drive a huge demand in crypto, particularly Bitcoin, when institutions add it to their balance sheets. Cathie…

Interlay aims to advance Bitcoin’s DeFi potential with new interoperable bridge

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Interlay, a newly appointed Polkadot (DOT) parachain network, is nearing the completion of a two-year Bitcoin (BTC) bridge development project on Polkadot, with the launch announcement on its sandbox platform Kusama. Additionally, Interlay has integrated a Wrapped Bitcoin (wBTC) digital asset, known as kBTC, on their Canary parachain Kintsugi. The asset is already available for trading on two other Polkadot parachains — Karura, governed by Acala, and Moonriver, governed by Moonbeam. It is expected that Interlay will seek to deploy its technology across both Cosmos and Ethereum during the coming year…

5 “Next Bitcoins” That Weren’t

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The world of blockchain gets so many new projects that it’s easy to forget the ones that that fizzled out. Whereas every new “Ethereum killer” gets attention, as do disaster projects like HashOcean and BAS, it’s important to look back in time to some older projects (that means over 2 years plus, in crypto) that generated huge hype which never translated to results. These are not scams or complete failures, but projects that never quite lived up to their hype. By looking at these, you’re reminded that in an emerging,…

Terra may be about to repeat $125M BTC buy that sparked Bitcoin’s run to $43.3K

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Bitcoin (BTC) could be set for a repeat of this week’s run to weekly highs after Blockchain protocol Terra appeared set to buy another $125 million of BTC. A wallet thought to belong to Terra but not officially confirmed to be under its control sent another 125 million Tether (USDT) to Binance on March 23. Rinse and repeat for 5.6% BTC price gains? The Bitcoin price narrative gained a new player this week after Terra co-founder Do Kwon let slip about a plan to back a new U.S. dollar stablecoin,…

“Optical proof-of-work” would reduce bitcoin’s energy demand and improve geographic distribution of hashrate, proponents argue

Simply shifting the cost curve to up-front cost might lead to the exact opposite centralization problem. Instead of most bitcoin mining ending up near cheap, abundant energy sources that popped up in developing, labor-abundant countries, like China, they might coalesce in developed, capital-abundant countries, like the United States. Specialized mining chips, or ASICs, already have a high-ticket price (over $10,000 for some models) – imagine if they were even more expensive. Requiring immense amounts of startup capital would have a meaningful impact on the feasibility of solo mining, which would…

Revisiting Bitcoin’s Energy ‘Problem’ in the Face of ESG Investment Mandates

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The preceding point about transaction validation is important because it is enticing to compare the energy density of Bitcoin transactions to something like Visa (V). Bitcoin can only handle seven transactions per second compared to Visa’s 24,000+. But, remember, Bitcoin doesn’t use energy to validate transactions. The miners’ job is to secure the network, add new blocks of data to the chain and win bitcoin in return. That’s what they spend energy on. They’re not primarily interested in validating transactions. That consensus on the true state of the network is…

Bitcoin’s Implied Volatility Ticks Higher; S&P 500 Sees Death Cross

CryptoX – Cryptocurrency Analysis and News Portal The annualized one-month implied volatility, investors’ expectations for price turbulence over the next four weeks, has increased from 68% to 77% this month, according to data provided by Skew. The three- and six-month gauges have gone up from roughly 67% to 74%. Source The post Bitcoin’s Implied Volatility Ticks Higher; S&P 500 Sees Death Cross appeared first on CryptoX. CryptoX Portal