Will Bitcoin finally achieve an ‘uptober’ or not? That’s the question
The price of the digital currency is slightly decreasing, reaching the end of the week. Read more Source link
USA
US Government Wallet Allegedly Hacked, $20 Million Theft
The alleged hack involves USDC, USDT, aUSDC and ETH. The hacker would have started laundering the profits through suspicious addresses. A cryptocurrency wallet managed by the United States government was apparently hacked resulting in the transfer of approximately $20 million in digital assets. Blockchain analytics firm Arkham Intelligence identified the move, which involved nearly $14 … Read more
Bitcoin law passed in a key US presidential election state
Dennis Porter of Satoshi Act Fund believes that bitcoiners “will vote for whoever supports BTC.” Support for bitcoin “transcends traditional party lines,” Porter says. This Thursday, the state of Pennsylvania, known for its decisive role in the United States presidential elections, approved the Bitcoin Rights Act in the House of Representatives by an overwhelming majority. … Read more
Why is Ethereum failing to match bitcoin’s returns?
Ether (ETH) has less institutional demand than bitcoin (BTC). The ETH market is less mature, according to Kaiko Research. The market’s top two digital currencies, bitcoin (BTC) and ether (ETH), are experiencing contrasting price performance. Although both have recently benefited from positive macroeconomic conditions, the latter is lagging behind. The price of bitcoin reached $68,000 … Read more
SEC announces more scrutiny for bitcoin and cryptocurrencies in 2025
The SEC will conduct examinations to see if cryptocurrency companies “meet the standards.” The agency says that they will continue to monitor the activities of companies in the sector. The United States Securities and Exchange Commission (SEC) revealed its intention to intensify supervision over cryptocurrencies and their associated entities in its fiscal year 2025 plan. … Read more
3 keys to the BRICS Summit
The summit brings together 20 thousand attendees from 33 countries, who discuss their geopolitical challenges. The BRICS are looking for alternatives to the dollar, while Putin rules out the viability of a single currency. The 16th annual BRICS summit, being held in Russia for the first time in nine years, opened yesterday with a speech … Read more
Academics refute ECB anti-bitcoin document
Bitcoin policy specialists issued a document this week questioning the work of Ulrich Bindseil and Jurgen Schaaf, analysts at the European Central Bank (ECB). Murray Rudd, Allen Farrigton, Freddie New and Dennis Porter, specialists in the field, argue that the ECB’s analysis “reveals fundamental flaws in the assumptions and theoretical model of Bindseil and Schaaf, … Read more
there is a golden cross on the horizon
Different factors reflect optimism for the price of bitcoin (BTC) currently, despite the fact that it continues in a long period of consolidation. With the arrival of a new all-time high price in March around $73,700 (USD), bitcoin has subsequently succumbed to a wide range below that has now lasted for seven months. Although, according … Read more
The positive streak of bitcoin ETFs was broken and the price fell
Bitcoin (BTC) exchange-traded funds (ETFs) in the United States yesterday reported outflows of more than $79 million, thus breaking a seven-day streak with positive capital flows. The poor performance of financial instruments based on digital currency was boosted by the 134 million dollars that came out of the Ark 21Shares Bitcoin ETF(ARKB) of Ark Invest … Read more
European Central Bank and the FED kick the bucket against Bitcoin
“A useless piece of paper.” Minneapolis Federal Reserve “The existence of Bitcoin impoverishes.” European Central Bank Could these two sentences, expressed by central bankers from the United States and Europe, be more ironic? At first glance, it seems not. One would say, with a mocking smile, hiding a hidden rage, that these people couldn’t be … Read more