Bitcoin (BTC) is known to be a volatile asset, but as of late, this is not the case; bitcoin has been trading in a very tight range since the end of November, between $91,000 and $109,000. In other words, bitcoin’s volatility has compressed enormously. According to Glassnode data, the 2-week realized volatility, which provides of … Read more
Donald Trump supporters are getting rewarded with a few dollars worth of his official TRUMP token if they had purchased any of the merchandise from websites associated with the U.S. president. Three TRUMP tokens, worth just over $50 at writing time, will be given to past buyers of Trump’s perfumes, sneakers, cards or watches per … Read more
Core Foundation, the creator of a yield-bearing bitcoin token, has partnered with institutional lending protocol Maple Finance and custody firms BitGo, Copper and Hex Trust to push deep into the BTC staking sector. Core’s IstBTC token lets institutional participants earn yield on bitcoin holdings while staying safely inside trusted custodial partners without the need to … Read more
Ethereum’s ether (ETH) showed strength through the weekend, spurring investor hopes of a break in its lackluster price performance, only to foreshadow a market-wide decline. In a muted trading session due to the U.S. holiday, ether ground as much as 7% higher to a Monday session high of $2,850, outperforming the rest of the crypto … Read more
Metaplanet (3350) said it bought a further 269.43 bitcoin (BTC), strengthening its position as a major corporate holder of the cryptocurrency. The latest purchase, valued at 4 billion yen ($26.4 million), takes the Tokyo-based company’s holdings to 2,031.41 BTC. The purchase is part of the company’s ongoing Bitcoin Treasury Operations; it started buying the largest … Read more
India’s anti-money laundering unit said it seized about 16.5 billion rupees ($190 million) worth of crypto, some cash and a Lexus car during investigations into the collapse of the BitConnect cryptocurrency fraud. BitConnect, founded in 2016 by Satish Kumbhani, raised billions of dollars from investors for a protocol that purportedly paid out 10% in interest … Read more
The Abu Dhabi-based branch of Brevan Howard Digital, the crypto arm of the global investment management firm, has deployed $20 million on Kinto, a blockchain platform designed for institutional participation in decentralized finance (DeFi). The deposit makes Brevan Howard Digital one of the first traditional financial firms to tap into Kinto’s on-chain mining program, the … Read more
Hackers took control of the Saudi Law Conference’s social-media account on X, using it to impersonate Crown Prince Mohammed bin Salman and promote fraudulent cryptocurrencies. In a series of now-deleted posts, the scammers used the name and image of the crown prince, who serves as Saudi Arabia’s prime minister, to promote an “Official Saudi Arabia … Read more
As bitcoin (BTC) continues to frustrate traders with lackluster price action below $100,000, here are key events this week that could reignite market activity. FTX payout FTX, formerly the world’s third-largest digital assets exchange, is set to begin its first round of creditor payouts after going bust in late 2022. First up are Convenience class … Read more
Bitcoin (BTC) miners listed in the U.S. are growing their share of the network hashrate, broker Bernstein said in a report Monday. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain and is a proxy for competition in the industry and mining difficulty. “U.S. listed … Read more