Bitcoin stuck under $67K despite rising demand from retail, institutions
Despite rising interest from both institutional and retail investors, the Bitcoin price has been unable to rise above the $70,000 psychological mark since July 29. Go to Source
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Ex-CEO Charged in Australia With Stealing $1.47M From Customer in Failed Bitcoin Deal
Grant Colthup, the ex-CEO of a defunct Australian cryptocurrency exchange, is facing fraud charges. He’s accused of misusing $1.47 million intended for bitcoin purchases. ASIC, the Australian regulator, alleges Colthup violated a law against false or misleading representations. The funds were reportedly used to pay the exchange’s debts or buy crypto for others. The exchange … Read more
Bitcoin Accumulation Soars: Over 2.9 Million BTC In Key Addresses As Institutional Interest Grows
The total amount of Bitcoin held in accumulation addresses has surged to over 2.9 million BTC, doubling from 1.5 million at the beginning of the year. This significant increase, achieved in just 10 months, highlights a growing interest in Bitcoin as both institutional and retail investors strengthen their positions. The total $BTC amount in #Bitcoin … Read more
Bitcoin ETF $79M outflow ends 2-week bull run amid ‘sideways’ BTC price
Bitcoin institutional investors are pausing for thought while BTC price struggles to overcome resistance. Go to Source
UK Stands Firm on Tough Crypto Regulations, Warns Against Lowering Crypto Standards
A Financial Conduct Authority (FCA) official has emphasized the importance of high regulatory standards for crypto asset registrations. She defended the UK’s stringent rules, aiming to protect consumers and financial markets while fostering a competitive crypto sector. The regulator warned against relaxing standards, advocating instead for collaboration to build a secure foundation for sustainable innovation … Read more
Saylor’s comments on big bank BTC custody are ‘batshit insane’ — Buterin
Saylor appears to be “explicitly arguing for a regulatory capture approach to protecting crypto,” which was not what it is about, said Buterin. Go to Source
Bitcoin academics slam controversial ECB paper blasting Bitcoin
The rebuttal critiques several arguments made by the ECB paper’s authors earlier this month that argued Bitcoin’s price should be regulated or outright banned. Go to Source
‘All Roads Lead to Inflation’ — Why Legendary Investor Paul Tudor Jones Is Betting on Bitcoin
Veteran investor Paul Tudor Jones shared his thoughts on CNBC this past Tuesday, confidently stating that he’s sticking with hard money like gold and bitcoin. In his view, any other option leads straight to inflation. What’s Driving Paul Tudor Jones’ Latest Push for Bitcoin, Gold and Commodities? Jones is optimistic about both gold and bitcoin, … Read more
SEC Chair wishes Bitcoin a ‘sweet sixteen’ for white paper anniversary
In an interview with Bloomberg, Gary Gensler suggested he had no plans to alter the SEC’s course on its “regulation by enforcement” approach to crypto. Go to Source
Paul Tudor Jones says ‘all roads lead to inflation,’ long Bitcoin
The hedge fund veteran also suggests holding gold, commodities, and technology stocks. Go to Source