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Bitcoin surfs US PPI overshoot as BTC price recovers from sub-$59K dip
Bitcoin appears to take a hot PPI print in its stride after a 4% BTC price recovery.
Bitcoin appears to take a hot PPI print in its stride after a 4% BTC price recovery.
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) faced another tough day, with the 12 funds seeing outflows totaling $30.59 million. In contrast, their spot ethereum ETF counterparts had an uneventful day, with all nine funds neither gaining nor losing value.
Only 12.7% of crypto wallets report profits on Polymarket
Only 12.7% of Polymarket users have made profits in the prediction market, with most earning less than $100, according to onchain data.
Only 12.7% of Polymarket users have made profits in the prediction market, with most earning less than $100, according to onchain data.
MARA, one of the largest bitcoin miners in the public market, has kicked off an exciting new pilot program aimed at powering its operations with excess natural gas from U.S. shale, as noted in a report from Reuters. This initiative emerges amidst an ongoing battle for electricity between artificial intelligence (AI) data centers and bitcoin mining operations.
US agency warns against crypto-hungry Trinity ransomware
The United States Health Sector Cybersecurity Coordination Center said at least one health-care entity in the US has been hit by Trinity ransomware.
The United States Health Sector Cybersecurity Coordination Center said at least one health-care entity in the US has been hit by Trinity ransomware.
Lego’s website was hacked to display an unauthorized cryptocurrency ad promoting a fake “Lego coin.” The ad encouraged site visitors to purchase the fake crypto, promising them secret rewards and redirecting them to a suspicious external site selling “Lego tokens.”
On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $7.39 million in inflows during the day’s trading session.
U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day in the red, with $91.76 million flowing out of the funds. However, spot ethereum ETFs showed some resilience, pulling in $14.45 million in fresh inflows on Wednesday.
In its Oct. 2 market analysis, QCP Capital highlights the effect of escalating Middle Eastern conflicts on traditional financial (tradefi) assets and the cryptocurrency market. According to QCP’s researchers, the market response has been muted in tradefi, but risk assets and digital currencies like bitcoin (BTC) faced more substantial losses.
According to the latest market updates, two fresh-faced crypto assets, moo deng (MOODENG) and hamster kombat (HMSTR), have faced some dips over the past 24 hours. While HMSTR had a rocky launch, MOODENG initially skyrocketed, but the meme token has since tumbled 45.6% below its highest value.
The price of Bitcoin has reached a critical stage as the leading crypto asset shows signs of consolidation following a sharp sell-off from its high at $66,000. On September 30, 2024, the price stabilized around $63,682, supported by mixed technical indicators across different time frames. The potential for both short-term recoveries and further declines currently creates an uncertain trading landscape for investors.
With Bitcoin trading above $65,000, crypto enthusiasts are expecting big price moves in October. Many still believe BTC will surpass its all-time high before the end of the year. On Polymarket, a blockchain-based prediction platform, the current odds show a 61% probability that Bitcoin will surpass the record it set seven months ago.
Albert Castellana, co-founder and CEO of Yeager.ai, believes that artificial intelligence (AI) can advance blockchain-based applications beyond simple, static contracts. Incorporating AI opens up “much more subjective decision-making” and thus new use cases, he argues in written responses to questions from Bitcoin.com News.
Kenyan Vice President Rigathi Gachagua is urging African leaders to harness the potential of artificial intelligence (AI) to boost their economies. Gachagua stressed that tech-leading countries are already reaping the benefits of integrating AI into critical sectors such as agriculture, health, trade, manufacturing, tourism and education.
Binance continues to serve Russian users despite 2023 exit
A spokesperson confirmed that Binance continues to serve a “limited number of existing Russian users” a year after announcing its full exit from Russia.
A spokesperson confirmed that Binance continues to serve a “limited number of existing Russian users” a year after announcing its full exit from Russia.
South Korean foundation to recover funds from defunct crypto exchanges
The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities.
The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities.
Bybit eyes Muslim investors with Shariah-compliant crypto account
Bybit launches Shariah-compliant crypto account, targeting Muslim investors seeking investment options in line with Islamic finance principles.
Bybit launches Shariah-compliant crypto account, targeting Muslim investors seeking investment options in line with Islamic finance principles.
Bybit Türkiye, the partner platform of the global cryptocurrency exchange Bybit, has been officially recognized by the Capital Markets Authority of Turkey (CMB) as a digital currency service provider.
African economies show high potential for digital asset adoption
South Africa emerges as a leading digital asset hub, driving growth in crypto with proactive regulations and expanding platforms like VALR.
South Africa emerges as a leading digital asset hub, driving growth in crypto with proactive regulations and expanding platforms like VALR.
Bingx said it has resumed withdrawals for "mainstream" cryptocurrencies such as Bitcoin, Tether, and Ethereum, among others. However, the exchange has warned of possible delays due to security audits. The crypto exchange stated that it will gradually restore withdrawal services for other cryptocurrencies, but has cancelled pending requests. The exchange's chief product officer expressed concern about the negative impact of such attacks on user confidence and the industry's growth.
Bhutan’s $750M revenue from Bitcoin mining sets model for developing nations
Bhutan’s experience with mining Bitcoin could serve as a powerful example for other developing nations that seek to improve their economies.
Bhutan’s experience with mining Bitcoin could serve as a powerful example for other developing nations that seek to improve their economies.
SEC asks court for four months to produce documents for Coinbase
The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.
The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.
Ex-Coinbase execs to launch exchange using PayPal stablecoin for settlement
Founders who used to work at Coinbase, Circle and Goldman Sachs teamed up to create an exchange that will use PayPal USD as its main settlement currency.
Founders who used to work at Coinbase, Circle and Goldman Sachs teamed up to create an exchange that will use PayPal USD as its main settlement currency.
Ripple co-founder leads $10M raise for decentralized clearing
Chris Larsen’s $10 million investment in Yellow Network aims to tackle liquidity fragmentation, scalability, and capital efficiency in crypto markets.
Chris Larsen’s $10 million investment in Yellow Network aims to tackle liquidity fragmentation, scalability, and capital efficiency in crypto markets.
Tether USDT’s market share rises 20%, reaching 75% in two years
The world's largest stablecoin issuer generated around $400 million worth of revenue during the past 30 days.
The world's largest stablecoin issuer generated around $400 million worth of revenue during the past 30 days.