Ethena’s Success Causes A Battle Within DeFi April 4, 2024 On Tuesday, the market experienced a sharp decline due to some of the $2 billion of Bitcoin within the United States Department of Justice’s wallet being moved. The wallet’s contents came from seizing 50,000 Bitcoin stolen from the dark web site, Silk Road. The market noticed an initial test transaction of 0.001 ($69) Bitcoin to [...]
Grayscale Believes Crypto Bull Cycle Is 50% Complete April 3, 2024 Coinrule One of the hardest parts of investing in crypto is “timing the top”. “A new paradigm”, “the super cycle” and “this time is different” themed X threads are written to keep you accumulating for the “next leg up”. However, Grayscale believes we are not there yet and detailed why in a report they released [...]
Biggest Bitcoin fraud in UK history as ex-takeaway worker convicted in £2bn scam March 20, 2024 The CPS said Wen, who used to live above a Chinese restaurant had been under investigation after the seizure of Bitcoin wallets, with an initial estimated value of more than £2bn.
High Court rules that self-proclaimed Bitcoin creator is not ‘Satoshi Nakamoto’ March 14, 2024 Australian computer scientist Dr Craig Wright has long claimed to be behind the pseudonym Satoshi Nakamoto, the name used by the person who authored the Bitcoin White Paper.
London Bitcoin trial: Self-proclaimed creator ‘lied on an extraordinary scale’ March 12, 2024 "Wright has been shown to have lied on an extraordinary scale, and it is difficult to think of a precedent for what he has done."
THORChain breaks volume records as Bitcoin passes $72,000 March 12, 2024 Yesterday, Bitcoin finally properly broke above its fabled $69,000 resistance with Michael Saylor FOMO'ing in his $800+ million from his convertible note offering. However, another protocol has also been making record highs. Last week, THORChain, the decentralised liquidity protocol, had record volumes of over $2.7 billion.
Building Blocks: what is Bitcoin halving? March 11, 2024 Lately, you may have heard reference to something known as the Bitcoin halving, or “halvening.” To the uninitiated, this might suggest splitting a Bitcoin into two equal parts and if that’s your first thought, you’re on the right track. However, to fully understand the meaning of Bitcoin halving we must first understand exactly how new Bitcoins are issued into circulation.
Why did Bitcoin surpass £50,000 for the first time this week? March 2, 2024 Bitcoin prices hit their highest ever level on Thursday, surpassing £50,000 for the first time. After peaking in 2021 at the $60,000 mark, it then eventually crashed to around $17,000 last year, but has now recovered. Jason Hollands, managing director at Evelyn Partners, said that the recent rally had “almost certainly been powered by its [...]
FTSE 100 today: London markets set for cautious open as U.S. inflation data looms large February 29, 2024 Asia mirrors Wall Street's decline, bitcoin breaches $60,000, and oil prices fall; all eyes are on US PCE inflation data for market direction.
Bitcoin blasts through $63,000; experts predict meteoric rise February 29, 2024 Bitcoin surged beyond $63,000 on Wednesday, marking its highest level in over two years, fuelled by a wave of investment into new U.S. spot bitcoin exchange-traded products.