Currently, accounting rules only let companies record increases in the value of their digital assets when they sell them – though losses are reflected at least once a year. But, on Wednesday, the Fina...
Category: Bitcoin
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Crypto Analyst Breaks Down Bitcoin (BTC), Updates Outlook on One AI Altcoin That’s Up 24% in the Last Month
A widely followed crypto analyst is breaking down king crypto Bitcoin (BTC), which is down 5% in the last seven days. Pseudonymous crypto trader Rekt Capital tells his 351,100 followers on the social ...
Short-term holders bear the brunt of Bitcoin’s volatility
Bitcoin’s drop from $29,000 in mid-August has significantly changed market dynamics. Despite the short-lived jump to $27,000 following the news about Grayscale’s win against the SEC, Bitcoin is still ...
Marathon Digital’s Bitcoin Production Drops 9% in August Due to Texas Heat
Publicly traded Bitcoin mining company Marathon Digital Holdings has reported a 9% drop in Bitcoin production for August 2023 compared to the previous month. According to the firm, the decline in prod...
Peach Bitcoin Celebrates One-Year Anniversary With Launch of Version 0.3
Peach Bitcoin has officially launched Peach 0.3, while coinciding with the one year anniversary of the company. This new version introduces new features, a comprehensive wallet that seamlessly integra...
Grayscale’s staggering Bitcoin holdings and possible impact on BTC
Journalist Posted: September 7, 2023 Grayscale reportedly owns over 627,000 BTC. The current BTC in circulation was over 19 million. Recent research by Arkham Intelligence has uncovered that Grayscale...
FASB Work On New Accounting Rules for Bitcoin By Early 2025
As per the latest development, the US regulators are working on improved accounting standards for Bitcoin (BTC) in order to effectively capture the rises and dips. The long-awaited accounting rules fo...
Bitcoin Fate Hangs On The Edge Of The 200-Week EMA
Bitcoin (BTC) has officially dipped below the $26,000 level and is currently trading at $25,800, which coincides with its 200-week Exponential Moving Average (EMA). This EMA has served as a crucial su...
Binance Expands BTC, ETH Trading-Fee Promotion to ARS, BRL, ZAR Currencies
Binance users will be able to trade bitcoin (BTC), ether (ETH) and Tether’s USDT stablecoin with the Argentine peso, Brazilian real and South African rand on the spot market without paying any so-call...
El Salvador Launches Education Program To Teach Bitcoin In Every School
El Salvador, the first nation to officially adopt Bitcoin as legal tender, is once again making headlines in the world of cryptocurrency. With the combined efforts of My First Bitcoin, Bitcoin Beach, ...
Global Crypto Wealth Study Reveals 6 Bitcoin Billionaires and 88,000 Crypto Millionaires
Despite the current crypto bear market, certain individuals seem to be navigating the waters expertly. A recent report by Henley & Partners reveals that the world currently plays host to six Bitco...
London Businessman Under Spotlight for Alleged Bitcoin Money Laundering Scheme
Introduction A prominent businessman in the financial technology sector in London has been thrust into the limelight. Allegations are rife that he has played a pivotal role in a large-scale money laun...
Why Bitcoin Spark is the Future, leaving BNB and Polygon behind?
Innovation is key to success in the cryptocurrency space, and Bitcoin Spark, a new project in the digital currency arena, is making waves with its unique approach and top-range features. As the crypto...
second largest Bitcoin holder in the world
Yesterday, Arkham revealed that Grayscale Bitcoin Trust is the second largest Bitcoin holder in the world. Breaking: Arkham has identified the Grayscale Bitcoin Trust’s holdings on chain. It is the 2...
Top 10 Crypto Prices for September 6, 2023: Bitcoin remains below US$26,000
Crypto Price Today: Bitcoin Holds on US$26K; Altcoins Witness Upsurge Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, remained below the US$26,000 level early Wednesday. Popular cr...
Will Bitcoin Fees Ever Be Enough To Replace Block Subsidy?
The Bitcoin block rewards are becoming lesser and lesser with each halving. Will transaction fees eventually be able to fill up this void? Bitcoin Transaction Fees Has Been Trending Up With Each Cycle...
Bitcoin’s 30-day hashrate high hits miner profitability
Bitcoin’s network hashrate touched fresh peaks this week, marking a surge in capacity even as profitability for miners continued to fall. Viewing the metric over a 30-day Simple Moving Average shows a...
6 Bitcoin (BTC) Billionaires, Who Are They? Crypto Wealth Report
Arman Shirinyan Crypto billionaires who hold most of their wealth in Bitcoin are rare breed of investor Cryptocurrency, once the darling of tech-savvy investors, has now entered the mainstream financi...
Grayscale tells SEC it’s Time for a Bitcoin Spot ETF
The push for an approval of a Bitcoin Spot ETF by the U.S. Securities and Exchange Commission (SEC) is gaining momentum. Leading the charge is Grayscale, supported by its law firm Davis Polk. The Push...
Pantera Capital Makes $148,000 Bitcoin Price Prediction, While Bitcoin BSC Hits $100,000 Milestone
Pantera Capital, a leading name in crypto asset management, recently projected that Bitcoin (BTC) could rise to around $148,000 during its next four-year halving cycle. The firm’s latest “Blockchain L...
Riot, MARA, Argo Blockchain stocks at risk as BTC forms death cross
Bitcoin mining stocks have dropped sharply from their highest levels this year. Bitcoin price is about to form a death cross pattern on the daily chart. The US dollar index is forming a golden cross p...
$291 Billion Asset Manager Predicts Bitcoin’s Rise To $150,000 Post-Halving ⋆ ZyCrypto
Advertisement     Ric Edelman, the founder of the $291 billion asset management firm Edelman Financial Services, holds the belief that Bitcoin will not only reach but also surpass a si...
Large Put Option Transactions In BTC Indicate Investor Sentiment
Key Points: Recent cryptocurrency market activity has seen an increase in large put option transactions related to Bitcoin (BTC), indicating investor preparations for significant price fluctuations, w...
Riot Platforms Sold 1,136 BTC Worth of Electric Power in August
A longstanding problem in crypto mining is now proving to be a boon for miners. Riot Platforms, a Bitcoin (BTC) mining company, generated nearly $32 Million by curtailing its energy consumption and se...
Miner capitulation risk still not elevated despite Bitcoin’s price drop
Quick Take Miner capitulation risk represents the potential for miners to cease operations due to unprofitability, leading to a significant reduction in hash rate. A drop in hash rate can further exac...
Bitcoin BSC begins presale, raises $100K in 48 hours
The presale event for a new low market cap cryptocurrency – Bitcoin BSC (BTCBSC) – has raised over $100,000 since it launched on Monday, 5 September. Inspired by the early days of Bitcoin, when the wo...
Arkham Identifies Grayscale As Second Largest Bitcoin Holder
The blockchain analytical firm Arkham Intelligence has Grayscale’s Bitcoin Trust as the second largest holder of Bitcoin (BTC), distributed among over 1700 addresses. The revelation comes despite Gra...
Uncovering Grayscale’s $16 billion Bitcoin Trust stash
Onchain detectives from the Arkham Intelligence platform were able to identify the crypto addresses of the Grayscale Bitcoin Trust (GBTC), the second-largest Bitcoin (BTC) known holding entity in the ...
Only 6 Billionaires Trade Bitcoin Out Of 200 Million People: Report
Key Points: There are around 425 million crypto users globally, of which Bitcoin accounts for less than half of that number. There are also only 6 billionaires out of 200 Bitcoin traders. Once hit as ...
Bitcoin Could Decline Further Before A Rebound, Here’s Why
The pattern of an on-chain metric may suggest that Bitcoin could see more downside ahead before a rebound is found. Bitcoin STH SOPR Hasn’t Hit The Bottom Zone Yet An analyst in a CryptoQuant Quicktak...
Fintech owner laundered millions with bitcoin for ‘finger cutter’ drug lord, police say
Belgian authorities have accused a London fintech business owner of using Binance to help launder hundreds of millions of euros into bitcoin for the benefit of criminals, including a Belgian drug lord...
Bitcoin short-term holders capitulate as data highlights potential generational buying opportunity
Bitcoin’s price action suggests that the asset remains in a precarious position, and a recent report from ARK Invest says that short-term Bitcoin investors had no choice but to capitulate in August, a...