Home invaders used machete, Toblerone to rob man of Bitcoin
For the first time ever, a Scottish court seized Bitcoin from the “technical brains” behind a robbery where a woman was beaten with a Toblerone. Go to Source
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Bitcoin headed for breakout or breakdown? Analysts weigh in
Analysts say upcoming rate cuts could be a boon for Bitcoin’s price action but the market is still in “wait and see” mode. Go to Source
SBI VC Trade and Metaplanet Team Up for Advanced Bitcoin Trading Solutions
Metaplanet and SBI VC Trade have formed a strategic partnership to enhance bitcoin trading, storage, and management. This alliance aligns with Metaplanet’s “bitcoin first, bitcoin only” strategy, emphasizing BTC’s scarcity and decentralized nature. The partnership provides Metaplanet access to SBI VC Trade’s tax-efficient corporate custody services and the ability to use bitcoin as collateral, supporting … Read more
Bitcoin miner revenues dwindle as halving erodes mining volumes: Bitbo
Mining revenues hit 12-month lows in August, according to Bitbo. Go to Source
Crypto dominates biggest 2024 ETF launches: The ETF Store
Crypto exchange-traded funds make up 13 of the top 25 fund launches, the investment adviser said. Go to Source
Bitcoin $110K setup ‘still in play’ but analysts warn of sub-$40K dip first
Could Bitcoin see a correction below $40,000 before breaking out toward a six-figure valuation? Go to Source
Bitcoin miners see worst revenues in 11 months as difficulty climbs
August was the lowest revenue month for Bitcoin miners so far in 2024 and the worst revenue month since September last year. Go to Source
Canadian Court Orders Man to Repay $1.2 Million in Bitcoin Loan Dispute
A court in British Columbia, Canada, has ordered Daniel Tambosso to repay Hung Nguyen $1.2 million for a loan of 22 bitcoins made in 2021. Nguyen, a Canadian real estate agent, claimed the loan constituted his entire savings, and Tambosso’s failure to repay has severely impacted his finances and mental health. Tambosso, claiming to be … Read more
Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates
Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that while inflation may negatively impact some businesses, it would benefit … Read more
South Korea’s Bitcoin Premium Persists Amid Market Volatility
Despite recent turbulence in the crypto market, bitcoin’s price continues to carry a premium in South Korea. As of 4 p.m. EDT, bitcoin is trading at $59,002 per unit, but in South Korea, the exchange rate hits $59,900, reflecting a 1.52% premium. Despite First Negative Dip Since Oct. 2023, South Korea’s Bitcoin Premium Continues Interestingly, … Read more