UK Chancellor Rachael Reeves considers selling £3.9 billion in Bitcoin to fund economic policies, mirroring Germany’s move. Analysts suggest easing UK crypto regulations could attract investment and stabilize market amid government sell-off. The UK government, led by newly appointed Chancellor…
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Chinese Billionaire Convicted of Racketeering and Wire Fraud in US
Exiled Chinese billionaire Guo Wengui, also known as Miles Guo, has been convicted by a U.S. jury on charges including racketeering conspiracy and wire fraud. Guo defrauded followers of over $1 billion, primarily through false investment schemes in cryptocurrency. U.S.…
Philippine Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurrency Projects
The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has cautioned the public against scams involving AI-manipulated videos and audios, which are used to spread false information, particularly about cryptocurrency investments. The BSP emphasizes that Governor Eli…
Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?
Despite the crypto market recovery, a large number of Cardano holders are still nursing losses, leading to speculations as to why this is the case. Data from IntoTheBlock shows that the altcoin is the worst performer in terms of profitability…
Is Bitcoin Poised for a Breakout? $100K Call Options Signal Big Expectations
While Bitcoin maintains its price above the $60,000 range, some institutional investors are positioned for a positive price trajectory with call options betting on up to $100,000 come year-end. Despite recent pressures from substantial Bitcoin liquidations by the Mt. Gox…
Bitcoin Magazine And Look Into Bitcoin Partner To Launch Enhanced Bitcoin Magazine Pro
Bitcoin Magazine is thrilled to announce the launch of the newly enhanced Bitcoin Magazine Pro in partnership with Look Into Bitcoin. This strategic collaboration involves rebranding Look Into Bitcoin and relaunching it as Bitcoin Magazine Pro, bringing real-time data and…
A Zero-Knowledge Proof Is Verified on Bitcoin For The First Time in History
Earlier this year, Weikeng Chen and his partners at venture firm L2 Iterative decided to shift their attention to the bubbling Bitcoin ecosystem. Chen, a Chinese native, had taken notice of the growing interest in Bitcoin development from several large…
Utilizing Historical Data: Bitcoin Decay Channel’s Approach to Predicting Price Movements
The Bitcoin Decay Channel provides long-term planning tools by mapping Bitcoin prices within historical bounds. Utilizes a regression model to apply exponential decay to price peaks, setting a decreasing trend for future highs. Recent data indicates that Bitcoin’s price-support ratio…
Solana Meme Bonk (BONK) Needs A Boost As Investors Turn To New Ethereum Altcoin Causing A Storm
Investors had high hopes for Bonk (BONK) on the Solana (SOL) blockchain. The Bonk coin was meant to be a universal token that everyone could access and use across the Solana DAO. However, after a strong start to 2024, the…
Leading BTM Operator, Bitcoin Depot, Will Add Bitcoin to Its Treasury Reserves
Bitcoin Depot, a company that operates more than 7,400 bitcoin ATMs in the U.S., has announced that it will allocate part of its cash reserves to build a bitcoin treasury, following the footsteps of companies like Microstrategy. According to its…