Altcoins could be in for a challenging period ahead if historical patterns in market cycles are repeated, according to crypto analyst and ITC crypto founder Benjamin Cowen. Cowen shared in a recent post on X that a significant "altcoin reckoning" could be approaching as trading pairs between altcoins and Bitcoin ...
Around 500 Bitcoin, worth approximately $35 million, has been moved from a wallet address linked to the defunct crypto exchange Mt. Gox on November 1, according to on-chain data analysis by Arkham Intelligence. The transfer reportedly occurred in two parts—31.78 BTC and 468.24 BTC—sent to undisclosed addresses. This marks the ...
MicroStrategy, the largest corporate holder of Bitcoin, has announced a plan to raise $42 billion in capital over the next three years to expand its Bitcoin reserves as part of its new "21/21 Plan." This plan, named for its objective of raising $21 billion each from equity sales and fixed-income ...
Arthur Hayes, the founder of BitMEX and CIO of Maelstrom, has challenged the widespread belief that former U.S. President Donald Trump supports Bitcoin. During a recent interview with Channel News Asia, Hayes declared that if Trump were to be re-elected, his administration would likely not favour Bitcoin through direct regulation ...
Florida’s Chief Financial Officer, Jimmy Patronis, has called on the state’s retirement fund manager to explore the potential benefits of investing in Bitcoin. In an open letter to Chris Spencer, the executive director of Florida’s State Board of Administration (SBA), Patronis described Bitcoin as “digital gold” with the potential to ...
Hong Kong Exchanges and Clearing Ltd. (HKEX) on October 28, announced plans to launch new crypto price indexes, aiming to provide a reliable benchmark for the rapidly expanding digital asset market. The "HKEX Virtual Asset Index Series," set to launch on November 15, will provide a single reference price for ...
According to Tokyo-listed investment firm Metaplanet, its ongoing Bitcoin acquisitions have delivered a 116% return for shareholders from October 1 to October 25. This company claimed that the figure marks a significant rise from the 41.7% yield reported on the company's Bitcoin holdings from July 1 to September 30. It ...
A group of Japanese companies has suggested that if the Japanese government moves forward with cryptocurrency-based exchange-traded funds (ETFs), those for Bitcoin and Ethereum should be given priority. According to Bloomberg, the group made this known in a proposal titled "Recommendations for the Composition of Crypto Assets ETFs, etc. in ...
MicroStrategy co-founder Michael Saylor has stirred controversy within the crypto community after making unexpected comments on Bitcoin self-custody during his recent appearance on the "Markets with Madison" podcast. The prominent Bitcoin advocate criticized the self-custody movement and suggested that larger financial institutions like BlackRock could provide safer custody for Bitcoin ...
The Australian Securities and Investments Commission (ASIC) has charged Grant Colthup, the former CEO of Mine Digital, with fraud after a customer allegedly failed to receive Bitcoin valued at 2.2 million Australian dollars (around $1.47 million) in July 2022. Mine Digital, which operated a cryptocurrency exchange from May 2019 until ...
