Bitcoin

Charles Hoskinson – CEO of Input Output Global (IOG) and co-founder of Cardano – delivered a warning to the Bitcoin community on Thursday. According to the White House’s latest report, bureaucrats are recommending a potential Bitcoin mining ban to combat excess energy use. As such, Hoskinson suggested that Bitcoin transition to a new consensus algorithm stay within U.S. borders.  https://twitter.com/IOHK_Charles/status/1568004482042310656 The CEO examined page 7 of the White House’s report, titled “Climate and Energy Implications of Crypto-Assets in the United…

Coinberry – a Toronto-based cryptocurrency exchange – recently disclosed losing 120 BTC to customers in a lawsuit targeting the perpetrators.  One target of the lawsuit is Binance, an exchange that Coinberry alleges helped launder some of the stolen funds.  As reported by the Financial Post, the loss had never been revealed until Coinberry’s lawsuit was filed in June. The lawsuit explains that customers stole Bitcoin from Coinberry in 2020 by exploiting a software bug exploiting interac e-transfers.  Users could e-transfer…

The third largest Bitcoin address just bought another 478 Bitcoin for roughly $9 million. This brings the anonymous whale’s Bitcoin holdings above 136,000 coins, worth over $2.5 billion.  Per data from Bitinfocharts, the address holder added 478 Bitcoin to his wallet at 16:05 EST on Tuesday. Each coin was bought at an average price of $18,900, making the total purchase $9,000,187. His new balance is 136,382 Bitcoin – worth more than MicroStrategy’s last report numbers of 129,600 Bitcoin.  It’s the…

Jim Cramer – the host of CNBC’s “Mad Money” – most recently warned investors to stay away from speculative assets, including cryptocurrencies. He believes the Federal Reserve has explicitly warned the markets that it intends to bring pain to related sectors. In a Mad Money episode on Tuesday, Cramer brought attention to Federal Reserve Chairman Jerome Powell’s latest comments at the Jackson Hole symposium.  “Fed chief Jay Powell told us that we need to stop doing stupid things with our…

Brian Brooks – CEO of blockchain technology company BitFury – recently spoke on the state of the economy, crypto markets, and the regulatory situation. He said that both the Federal Reserve and SEC’s approaches to markets harm Bitcoin in the short term.  Bitcoin VS The SEC During an interview with CNBC on Monday, Joe Kernen began by asking Brooks whether regulation was a net cost or benefit for crypto. He specifically referenced Securities and Exchange Commission (SEC) Chairman Gary Gensler,…

Data from blockchain analytics firm CryptoQuant reveals that over 5,000 Bitcoin more than 7 years old were moved on Saturday. According to the company’s community manager “Maartuun” on Twitter, this could be a sign of further downside to come.  In a post on Sunday, Maartuun shared a chart showing the on-chain movement history of bitcoins during various timeframes.  Exactly 5,019 BTC that hadn’t moved in 7 to 10 years were transferred in one block on August 28. One block is…

Mt Gox creditor Eric Wall has dismissed ongoing rumors that the infamous crypto exchange is disbursing BTC. Wall, who functioned as CTO of crypto investment company Arcane Assets, revealed this in a recent Twitter thread. Rumors of a BTC Dump Nearly 10 years ago, Mt Gox crumbled following a hack that saw it lose 850,000 Bitcoins. The team later announced that they had shut down the platform’s services and filed for bankruptcy. However, not long after several angry clients kicked…

Baro Virtual – an analyst from the blockchain analytics platform CryptoQuant – suggested that Bitcoin miners may be signaling another Bitcoin pullback. Data shows that Bitcoin miners have been reducing their Bitcoin positions since August 8th. As BaroVirtual pointed out, this has put their net balance back in the negative zone. In the short-term, he believes this is “not good.” “You may notice that in previous times when miners' balance was reduced, BTC tended to decline to free fall or…

A recent Forbes study of 157 crypto exchange platforms claims over half of all operations involving king crypto BTC are fake.  Wash Trading One of Bitcoin’s Worst Criticisms Since the inception of the crypto space, Bitcoin has retained its position as the world’s leading digital asset. With a market cap nearing $400B the token comprises a noteworthy ~40% of the $1T global market cap of all cryptocurrencies.  BTC has begun to experience rising levels of institutional adoption. With more than…