EMBARGOED UNTIL 19 DECEMBER 2024 @ 9:00 AM ET Blockchain security firm Blockaid said a full 59% of crypto tokens introduced this year were “malicious in nature.” The number of nefarious tokens being sold into the open market ties in with the rising memecoin narrative that has been consistent throughout this cycle. There are now … Read more
BTC’s rise to record highs earlier this week is expected to allow miners to extend their November profitability into December, according to a report by investment bank Jefferies on Wednesday. Bitcoin mining economics improved in November as the average price of bitcoin was 31% higher while the average network hashrate rose by almost 4%, the … Read more
Another bitcoin miner, Hut 8 (HUT), has decided to pull the trigger on buying bitcoin in the open market, following the likes of MicroStrategy (MSTR) and MARA Holdings (MARA). The Miami, Florida-based company said it bought about 990 bitcoin for an average price of $101,710 each. The latest purchase will bring the amount of bitcoin … Read more
Craig Wright, who falsely claimed to be Satoshi Nakamoto, the pseudonymous creator of bitcoin, is in court again. This time, the Crypto Open Patent Alliances is arguing Wright’s attempt to sue for 900 million pounds ($1.1 billion) over intellectual property rights related to the Bitcoin system in October amounts to contempt of court after a … Read more
By Omkar Godbole (All times ET unless indicated otherwise) If you were looking forward to a quiet Christmas away from your computer, expecting bitcoin to rise steadily through the year-end, forget it. Looks like the Fed has dashed those plans. First of all, Chair Jerome Powell’s comments distancing the central bank from President-elect Donald Trump’s … Read more
Ilya Lichtenstein, who pled guilty last year to charges related to the 2016 theft of 120,000 bitcoin from Bitfinex, has made his first public statement since his 2022 arrest. In a five-minute video posted to X (formerly Twitter) on Thursday, Lichtenstein reiterated that he was the hacker and that he acted alone, denying speculation in … Read more
Wednesday, Dec. 18, will go down in history as a day of market panic triggered by the 25 basis point Fed rate cut and Chair Jerome Powell’s hawkish outlook. Bitcoin (BTC) briefly tumbled below $100,000; U.S. equities dropped around 3%, while the dollar index (DXY) index soared to a two-year high of 108, which continues … Read more
The year 2024 has marked a significant breakthrough for digital assets, particularly for bitcoin (BTC), driven by increased institutional adoption. This shift has occurred through two key avenues: first, the integration of bitcoin into public balance sheets as a treasury asset, and second, the success of U.S. spot-listed exchange-traded funds (ETFs) that have amassed over … Read more
A bitcoin (BTC) slump spiraled into over $700 million worth of liquidations across futures tracking major tokens, with XRP and dogecoin (DOGE) products recording unusually high losses. BTC fell under $100,000 in late U.S. hours before slightly recovering during early Asian hours Thursday, as the Federal Reserve hinted at a few rate cuts in 2025. … Read more
Crypto traders initial worries about a hawkish Fed materialized Wednesday as Chairman Jerome Powell cut interest rates but expressed uncertainty about the speed and extent of future easing. And now the sentiment has deteriorated. Bitcoin’s seven-day call-put skew shows that Deribit-listed put options offering downside protection and expiring in one week are trading at the … Read more