Bitcoin developer Marco Falke announced that he has stepped down as a maintainer for Bitcoin Core on Tuesday. There now remain just four maintainers of the protocol: Michael Ford, Hennadii Stepanov, Andrew Chow, and Gloria Zhao. Falke was Bitcoin Core’s single largest contributor, having proposed over 2000 individual changes to Bitcoin’s codebase – aka “commits”...Read More
Matthew Klinger – a 51-year-old Jefferson City, Missouri resident – received five years of supervised probation after admitting to shooting a bitcoin ATM with a handgun. It remains unclear whether the machine had any faults, however, he said he did it “so that it could not take money from anyone else.” So Close to a...Read More
Block (formerly known as Square) – an American multinational technology conglomerate founded by Jack Dorsey – disclosed $1.83 billion of bitcoin revenue generated from its Cash App payment service in Q4, 2022. The figure was nearly $2 billion in the fourth quarter of 2021, and the company blamed the decline of the crypto market for...Read More
Bitcoin wallet service provider BlueWallet has decided to shut down Lndhub.io, a Lightning Network node on the Bitcoin Network used to store and trade satoshis (sats) – the smallest denomination of the primary cryptocurrency. The Lightning Network is a layer-2 protocol layered on the Bitcoin protocol, used to process micropayments among participating nodes to facilitate...Read More
Positive market sentiment can be seen in 2023 as Bitcoin’s price has increased from $16,500 to $24,500 since the beginning of the year. The present market has prompted one prominent cryptocurrency trader and analyst to share his bullish outlook on Bitcoin (BTC) as the flagship cryptocurrency attempts to break above its resistance level of $25,000....Read More
Crypto markets are consolidating following the Fed meeting, during which a 25 basis point increase was implemented to reduce inflation rates. The decision to raise interest rates from 4.5% to 4.75% was taken during the Federal Open Market Committee (FOMC), which was announced in a press conference by Fed Chair Jerome Powell. However, the US...Read More
Chasing a bounty of over $2000, a coder has successfully imported the Ordinals NFT protocol to Litecoin. The new functionality arrives shortly after Bitcoin – the network on which Ordinals initially launched – surpassed 150,000 inscriptions this week. Why Litecoin Gets Ordinals On Sunday, a coder named Anthony Guerrera launched Litecoin Ordinals on GitHub by...Read More
According to the latest edition of CoinShares’ weekly report, outflows in digital asset investment products reached $32 million last week, a level not seen since late December 2022. The sentiment could be attributed to exchange-traded product (ETP) investors being less optimistic about recent regulatory pressures in the US relative to the wider market. Bitcoin Bears...Read More
Even when there are rising fears over restrictive measures by the US government, the first born cryptocurrency Bitcoin has surged nearly 50% in 2023. Moreover in the early hours today the Bitcoin price had even hit the $25,000 area before making a slight fall back around $24,000 level. At the time of reporting, the flagship...Read More
A British pensioner living in Nottinghamshire parted with $207,000 after becoming a victim of a bitcoin romance scam. The police managed to restore some of the stolen funds and warned people to be extra vigilant with online dating due to the rise of similar frauds. The Latest BTC Romance Scheme The Nottinghamshire police said a woman...Read More
The largest creditors of bankrupt cryptocurrency exchange Mt. Gox have chosen a payment option that will allow them to receive a lump sum of their recovery payout in bitcoins rather than fiat. The creditors, now-defunct crypto exchange Bitcoinica and Mt Gox Investment Fund (MGIF), collectively represent about one-fifth of the bankruptcy claims. Gox Biggest Creditors...Read More
Shortly after legally going after Do Kwon and Terraform Labs, the US Securities and Exchange Commission asserted that the former cashed out 10,000 bitcoin after his brainchild collapsed. Kwon has been on the run ever since the crash last year, reportedly currently hiding in Serbia. As reported by Bloomberg, the latest allegations from the US...Read More
In light of Bitcoin’s enormous increase over the previous twenty-four hours, market analysts are making bold forecasts about the king coin’s value by the end of the month and 2023 in general. The on-chain signs are now exceedingly bullish, and Bitcoin (BTC) even broke over the lauded $25,000 level yesterday. The signs on BTC’s chart...Read More
The cash withdrawal restrictions imposed by the Central Bank of Nigeria (CBN) have made a strong case for Bitcoin as a solid store of value and a censorship-resistant currency. Nigeria is currently facing a shortage of physical cash after the CBN redesigned its banknotes, causing the old bills of the local naira currency to become...Read More
The Galaxy Digital founder and chief executive said he expects Bitcoin prices to reach $30,000 by the end of March. Speaking at a Bank of America conference on Feb. 15, Novogratz said: “When I look at the price action, when I look at the excitement of the customers calling, the FOMO building up, it wouldn’t...Read More
Milena Mayorga – ambassador of El Salvador to the United States – said the Salvadoran authorities might open a bitcoin embassy in Texas. The central American nation has already introduced a BTC office in the city of Lugano, Switzerland. The Second BTC Embassy Mayorga held a meeting with Jose “Joe” Esparza (Texas Deputy Secretary of...Read More
Ordinals keep making headlines as there are now more than 100,000 inscriptions carried out on Bitcoin’s network. This has had a notable effect on the network state itself and has sparked a massive debate within the community. Inscriptions are Bitcoin’s version of a non-fungible token (NFT), and they have been making strides throughout the past...Read More
Interactive Brokers, an automated global electronic broker, launched cryptocurrency trading in Hong Kong on Monday. Professional investors enlisted on the Interactive Brokers platform can trade bitcoin (BTC) and Ethereum (ETH), it said in a press release. As per Hong Kong capital market guidelines, individuals with a minimum of HKD 8 million and institutions with a...Read More
Since the launch of the new controversial Bitcoin-based non-fungible token (NFT) protocol Ordinals in mid-December, miners on the largest blockchain have made nearly $600,000 in BTC transaction fees. According to data from blockchain data platform Dune Analytics, a total of 81,468 Ordinals have been inscribed into the Bitcoin network. This has caused an upsurge in...Read More
The popular Canadian rapper – Aubrey Drake Graham (better known as Drake) – won $1,262,000 worth of bitcoin after the Kansas City Chiefs came out victorious on Super Bowl LVII and Patrick Mahomes scored a touchdown. His last year’s bet was also successful, bringing him a profit of $300,000 in BTC. Super Bowl is Immune...Read More
Robert Kiyosaki – the author of the bestseller “Rich Dad, Poor Dad” – thinks bitcoin will surge to $500,000 by 2025 due to an incoming market crash and a consecutive distrust in the US dollar. He has previously warned people to avoid traditional fiat currencies during uncertain times and focus on BTC or gold. Kiyosaki’s...Read More
Though the start of the new year took off on a bullish note for the crypto market, the landscape has gradually changed now as several macro conditions have brought bearish sentiment among large-cap investors. Moreover, the last 24 hours have brought solid pain to traders as several cryptocurrencies, including Cardano, Bitcoin, and Ethereum, have almost...Read More
NFTs have come to Bitcoin – and they’re quickly taking the network by storm. On Wednesday, BitMEX blog provided reviewed the adoption of Ordinals, the NFT-enabling protocol that’s been a subject of heated debate in the Bitcoin community over the past week. Just how much steam is the new feature generating on-chain? Ordinals: The Data...Read More
After a series of sideways trading sessions, BTC price has finally made a thrilling move downward, bringing hope of a big price action ahead. Several analysts see this trend as a prime opportunity for Bitcoin investors to buy the dip and reap the rewards. However, not everyone is optimistic about the recent price drop, as...Read More
A study by BanklessTimes revealed that 67% of respondents aged 27-42 consider bitcoin a safe haven. Previous polls have shown that millennials are among the most active demographic groups in the cryptocurrency space and have a friendlier outlook than older generations. BTC Emerges as an Important Asset for Millennials According to Jonathan Merry – CEO...Read More
Marc Andreessen – founding partner of the tech-focused VC giant Andreessen Horowitz (a16z) – is now more bullish on Ethereum and Web 3 than he is on Bitcoin, contrary to his outlook in 2014. During an interview with ReasonTV published on Wednesday, the venture capitalist discussed the future of crypto adoption and regulation, alongside the...Read More
Peer-to-peer bitcoin trading platform LocalBitcoins will be discontinuing its services after over a decade of operations. The announcement makes LocalBitcoins the latest victim of the ongoing crypto winter. In a statement published on Thursday (Feb. 9, 2023), LocalBitcoins said it will be shutting down due to its inability to cope with the bear market rocking...Read More
The crypto market has been quite fluctuating lately, especially Bitcoin which is hovering around $23,000 and $22,000 area. The King currency had opened the day on a brighter note, but ended on a bearish trend as the currency has once again dropped towards $22,000 level. At the time of writing, Bitcoin is valued at $22,826...Read More
BitMEX co-founder and macro-market analyst Arthur Hayes is deploying his dry powder into Bitcoin sooner than previously planned, according to his latest blog post. Hayes argued that despite his fears of a future crypto market retracement, there is still an opportunity to profit now from the ongoing risk asset rally that began last month. The...Read More
The US-based cryptocurrency miner Riot Blockchain produced 740 BTC last month, a 62% increase compared to January 2022 and a new monthly all-time high for the company. The positive start of the year contrasts the disappointing production levels and shrinking revenue towards the end of 2022. Hitting an ATH Despite experiencing issues with its mining...Read More
