TLDR The UAE has accumulated $344 million in unrealized profit from its bitcoin mining operations. Wallets tied to the UAE Royal Group hold approximately 6,782 BTC, valued at around $450 million. The ...
Category: Bitcoin
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McGlone shifts bitcoin forecast to $28,000 after critics blast $10,000 call as ‘nonsense’
Bloomberg Intelligence’s Mike McGlone appeared to walk back his $10,000 forecast for bitcoin, instead highlighting $28,000 after being challenged on social media and accused of being an alarmist whose...
Legendary Analyst il Capo Speaks After Bitcoin’s Decline: “I’m Bullish, Especially on These Three Altcoins”
Legendary Analyst il Capo Speaks After Bitcoin’s Decline: “I’m Bullish, Especially on These Three Altcoins” – Bitcoin Sistemi ...
‘Bitcoin Going to Zero’ Is Trending, But the Man Who Profited in 2008 Is Buying
The post ‘Bitcoin Going to Zero’ Is Trending, But the Man Who Profited in 2008 Is Buying appeared first on Coinpedia Fintech News Google searches for “Bitcoin going to zero” hi...
Expert Warns Bitcoin Bear Market Just In ‘Phase 1’ as Glassnode Flags BTC Demand Exhaustion
Concerns about the Bitcoin bear market continue to grow. On-chain analyst Willy Woo said BTC remains in Phase 1 of a broader downturn amid the market dip. Woo argued that rising volatility and weakeni...
BTC Price Prediction as $58K 200-Week MA Nears Test
Bitcoin’s pullback is putting two levels in focus: the 200 week moving average near $58,366 and a short term support zone around $62,600. Meanwhile, if BTC fails to hold the current retracement band, ...
UAE sits on $344 million in BTC mining profits, Arkham says
The United Arab Emirates is sitting on roughly $344 million in unrealized profit from its bitcoin BTC$67,067.04 mining operations, according to onchain data from Arkham, making it one of the world’s m...
Bitcoin stalls amid $18.5B Fed repo and $4B ETF outflows
Bitcoin, the largest cryptocurrency by market capitalization, continued its price struggles as traders weighed two stress-tinged signals from the US financial ecosystem. This week, there was a sudden ...
Why a Harvard Scientist Believes Bitcoin’s Next Major Upswing Starts in 2027
The post Why a Harvard Scientist Believes Bitcoin’s Next Major Upswing Starts in 2027 appeared first on Coinpedia Fintech News A Harvard-trained astrophysicist, Stephen, believes the next major Bitcoi...
UAE Mined $454M in Bitcoin, Holds $344M Profit as Supply Tightens
UAE mined 6,782 BTC worth $454M via Citadel Mining, with $344M in estimated unrealized profit. Royal Group-backed operation shows no major sales, signaling a long-term Bitcoin holding strategy. Over 3...
January’s Chill Signals a Bitcoin Winter
Advertisement     Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taki...
Hackers Restore $21 Million BTC to South Korean Authorities
The prosecution confirmed they did not arrest the suspects or seize the private keys. Authorities believe the funds were returned because they had blocked all exit routes. The returned Bitcoin was mov...
‘Sell Bitcoin Now,’ Peter Schiff Warns, Predicts $20,000 Target On Breakdown
Economist and longtime Bitcoin (BTC) critic Peter Schiff has issued a fresh warning to cryptocurrency investors, arguing that the world’s largest digital asset could face a steep decline if a key pric...
Jeff Park: Low trading volume hampers Bitcoin price discovery, Hong Kong as a bridge for Chinese capital, and shifts in options trading signal market sentiment change
Jeff Park: Low trading volume hampers Bitcoin price discovery, Hong Kong as a bridge for Chinese capital, and shifts in options trading signal market sentiment change | The Wolf Of All Streets Shifts ...
Bitcoin miner tumbles 17% on debt raise and stock sale
Bitdeer Technologies (BTDR) shares plunged on Thursday on plans to raise $300 million through a private sale of convertible senior notes, alongside a separate registered direct offering of Class A sha...
Peter Brandt Rejects Gold-to-Bitcoin ‘Great Rotation’ Theory
A widely shared chart this week argued that record profits in gold are about to rotate into Bitcoin, repeating a pattern seen in prior cycles. Veteran futures trader Peter Brandt responded laconically...
Bitcoin’s Lightning Network Passes $1 Billion In Monthly Volume
Bitcoin’s Lightning Network, the layer-two protocol designed to facilitate faster and cheaper transactions, has surpassed $1 billion in monthly transaction volume, according to new data from River. I...
Gwangju prosecutors office make unlikely recovery of unusual 320 BTC theft
The Gwangju District Prosecutor’s Office confirmed today that 320.88 BTC, currently worth about $21.5 million, was transferred back into the government’s custody wallet since February 17. They also m...
Bitcoin, Ether derivatives go 24/7 as CME launches May 29
CME launches 24/7 crypto futures and options May 29, 4 p.m. CT cme group will enable around-the-clock trading in its regulated cryptocurrency futures and options on cme Globex, extending access beyond...
Analysts Point to $60,000 Levels for Bitcoin! Here Are the Details
Analysts Point to $60,000 Levels for Bitcoin! Here Are the Details – Bitcoin Sistemi &...
Bitcoin Traders Load $40K Puts Ahead of $7.3B Expiry
$40K put is the 2nd-largest strike, about $490M notional, signaling strong downside hedging. Feb. 27 expiry nears with about $7.3B in options; $75K max pain holds about $566M in notional value. Calls ...
XRP finds new life in lending and regulated markets amid BTC stall
XRP is attracting institutional money and a burst of bullish positioning, even as much of the crypto industry remains stuck in a risk-off tape. According to a CoinShares report, XRP is the best-perfor...
Bitcoin Price Faces Longest Losing Streak Since 2022 As $65K Support Tests
Key Insights: Bitcoin Price approached longest losing streak since 2022. Long-term holders shifted from distribution to accumulation. Futures positioning showed rising leverage near support. Bitcoin p...
Peter Schiff Gives Shocking Bitcoin Price Prediction, Is It Possible?
Economist and longtime Bitcoin critic Peter Schiff warned that Bitcoin could collapse to $20,000 if the asset loses key support near $50,000. His comments come as geopolitical tensions escalate follo...
BTC ETFs Set 53 Billion Dollar Net Inflow Record
US spot BTC detailed analysis ETFs have experienced intense outflows recently, but the overall picture tells a different story. According to Bloomberg ETF analyst Eric Balchunas, cumulative net inflow...
$21M In Stolen Bitcoin Recovered After Hacker Returns Funds To South Korean Authorities ⋆ ZyCrypto
Advertisement     A hacker has reportedly returned $21 million worth of Bitcoin that was previously stolen from the custody of South Korean government authorities, according...
UAE sits on $344M BTC mining gross profit on HODL strategy
The United Arab Emirates (UAE) has mined $453.8 million in Bitcoin as of February 19, sitting on about $344 million in gross profit on a strict no-selling strategy, according to Arkham Intelligence. W...
Bitcoin Trading Range Tightens as Resistance Drops to $67,000; Network Nears 20 Million Coin Milestone
Bitcoin experienced another back-and-forth session on Feb. 19, struggling to maintain its value as it established a lower trading range. Bitcoin Faces Volatility as Trading Ranges Shift Lower Bitcoin ...
Binance’s CZ Reveals His Role in UAE’s Bitcoin Mining Pivot
Binance Founder Changpeng “CZ” Zhao has revealed the role he played in the positive shift of the United Arab Emirates as a Bitcoin miner. Reacting to a post detailing the region’s success ...
Bitcoin Braces for Turmoil: Market Dynamics and Capo’s Insight
As traders prepare for critical economic announcements, the cryptocurrency market is witnessing an uptick in caution, with investors reducing risk ahead of a key Supreme Court decision on tariffs and ...
‘Bitcoin Going to Zero’ Google Searches Rise With Crypto Sentiment in the Dumps
In brief Google data shows that search queries about Bitcoin’s demise have reached their highest marks since 2022. The searches come amid declining crypto sentiment that has reached “Extre...
Bitcoin price analysis: Can whales stabilize the floor amid hashrate strain?
Bitcoin traded within a defensive absorption range between $67,000 and $68,000 as volatility compressed. Support held near $65,000–$67,000, while resistance capped price near $70,000–$72,000, reinforc...