Financial institutions are experimenting with Bitcoin-backed lending: Ledn
Lower interest rates and accelerating crypto adoption are spurring more financial institutions to try Bitcoin-backed lending. Go to Source
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Bitcoin price stuck in ‘extended consolidation phase’ due to drop in capital inflows — Report
Bitcoin’s significant drop in capital inflows over the last six months is contributing to the current price consolidation. Go to Source
Positive Signals For Bitcoin: Long-Term Support Levels Indicate Growth Ahead
Recent data suggests a favorable outlook for Bitcoin as long-term support levels remain strong. The 30-day Exponential Moving Average (EMA) of Binary Coin Days Destroyed (CDD) is fluctuating between 0.1 and 0.3, indicating that long-term holders are actively accumulating Bitcoin. Long-Term On-Chain Support Levels Signal a Positive Outlook for #Bitcoin “The 30-day EMA of Binary … Read more
Blackrock’s Head of Crypto Sees Bitcoin as ‘Risk Off’ Asset Despite Stock Correlation
Blackrock’s digital asset chief sees bitcoin as a “risk-off” asset even though it has shown a pattern aligned with U.S. stocks. He drew parallels between bitcoin and gold, pointing to its decentralized structure and limited supply as crucial factors setting it apart. Blackrock’s increasing engagement with bitcoin is also reflected in the strong performance of … Read more
Investment managers eye ‘extraordinary upside’ from BTC options debut
They could potentially spark “explosively recursive” price upside for Bitcoin, according to one investment manager. Go to Source
Bitcoin’s new price targets of over $80K may not actually be the ‘all-time high’
Bitcoin reached a new all-time high of $73,880 in USD terms earlier in 2024, but toppling it by 2025 does not take it above 2021’s inflation-adjusted value. Go to Source
BlackRock Bitcoin ETF demands 12-hour BTC withdrawals from Coinbase
BlackRock and ETFs have saved “BTC’s price from the abyss repeatedly,” according to Bloomberg’s senior ETF analyst. Go to Source
US Indicts Two in $260M Bitcoin Heist and Laundering Scheme
Two individuals have been arrested for orchestrating a large-scale cryptocurrency heist, stealing over 4,100 bitcoins. Their complex laundering operation involved using multiple mixers and VPNs to cover their tracks. With the stolen funds, they lived lavishly, buying luxury cars and other high-end items. $230 Million Cryptocurrency Fraud Uncovered, Two Charged The U.S. Attorney’s Office for … Read more
Coinbase chief legal officer responds to cbBTC service terms fears
Coinbase’s cbBTC is backed at a 1:1 ratio with Bitcoin, which serves as the underlying asset for the tokenized BTC wrapper. Go to Source
Robert Kiyosaki Predicts Bitcoin Could Hit $500K by 2025, $1M by 2030
Rich Dad Poor Dad author Robert Kiyosaki has shared his expectation that the price of bitcoin could skyrocket to $500,000 by next year and $1 million by 2030. He referenced Jim Rickards’ upcoming book, which warns about the risks AI poses to the global financial system, potentially increasing economic instability. Robert Kiyosaki’s Bold Bitcoin Prediction … Read more