On October 14, spot Bitcoin exchange-traded funds (ETFs) in the United States recorded their largest inflow in over four months, signaling growing investor enthusiasm as Bitcoin’s market rebound gains momentum. Data from SoSoValue shows that net inflows across 12 Bitcoin ETFs totaled $555.86 million, doubling the $253.54 million recorded the previous day. This increase coincided …
Canadian software developer Peter Todd, an early Bitcoin contributor, has firmly denied being the mysterious Satoshi Nakamoto, Bitcoin’s creator, despite fresh speculation spurred by an HBO documentary, Money Electric: The Bitcoin Mystery. The documentary, directed by Cullen Hoback, suggests Todd might be the person behind the pseudonym. However, Todd has brushed off these claims, calling …
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Ripple, widely known as the cross-border payment giant has officially expanded into Brazil with its new Mercado Bitcoin partnership. This strategic partnership is effective for several reasons, including its Ripple Payments solution is set to broaden its reach to the South American nation. Fuelled by the zeal to expand its footprint globally, Ripple has recently …
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In a recent interview with CNBC on September 26, 2024, SEC Chairman Gary Gensler clarified that Bitcoin does not meet the definition of a security under U.S. securities laws. This statement came as a surprise to some, as the SEC under Gensler’s leadership has been highly focused on regulating the broader cryptocurrency market, often classifying …
Bitcoin ATMs are rapidly proliferating in Australia, making it the fastest-growing market for these kiosks globally. Users of these ATMs can deposit cash to receive cryptocurrency in digital wallets or withdraw cash from crypto sales. The United States leads the market with around 32,000 machines, followed by Canada with 3,000. Australia has surged to third …
A dormant whale Bitcoin wallet that had been inactive since 2014 suddenly became active, moving over 174 bitcoins valued at more than $102 million. Blockchain data reveals that this wallet, which received 174.88 BTC on January 8, 2014, transferred funds for the first time on August 16, 2024. According to blockchain explorer Blockchair, the wallet’s …
The U.S. government transferred Bitcoin worth $593.5 million to its favored crypto brokerage, Coinbase Prime, on August 14, as reported by Arkham Intel. This transfer involved a 10,000 BTC tranche sent to the wallet “bc1ql” two weeks prior. The U.S. government has accumulated a total of approximately 69,370 BTC from the Silk Road seizure. This …
Bitcoin’s price action has recently caught the attention of traders and investors as the 50-day simple moving average (SMA) crossed below the 200-day SMA, forming what is known as a death cross. This technical pattern, seen on Bitcoin’s daily charts, typically signals a bearish trend. The last time Bitcoin encountered a death cross was in …
Eleven Israeli tourists were violently robbed on Santa Teresa de Cóbano beach in Puntarenas, Costa Rica, during a social event. The attack involved at least eight men arriving in two luxury vehicles, overpowering the group’s security guard, and stealing their belongings, including a significant amount of Bitcoin. The robbers, some suspected to have police training, …
Semler Scientific, a healthcare company, has recently implemented a Bitcoin treasury strategy, acquiring an additional 101 Bitcoin (BTC). This brings their total holdings to 929 BTC over a span of just over two months. Since May, Semler Scientific has invested $63 million in Bitcoin as part of their broader plan to integrate the cryptocurrency into …
