Ledn Ditches Ethereum, Embraces Full Custody Bitcoin Lending Ledn, a digital asset lender, is making significant changes to its business model by focusing exclusively on Bitcoin (BTC) and adopting a full custody approach. This shift involves discontinuing support for Ethereum (ETH) and ensuring that Bitcoin collateral is securely held, according to a recent announcement. This…
Bitcoin ETFs Surge Towards Record Month Amidst Institutional Demand The world of cryptocurrency is buzzing as U.S. spot Bitcoin ETFs are on track to potentially break records this month. Fuelled by increasing institutional interest, Bitcoin has seen impressive gains, reaching new all-time highs. This surge highlights the growing mainstream acceptance of Bitcoin as a viable…
AI Firm Genius Group Resumes Bitcoin Buys After Court Ruling Genius Group, a Singapore-based artificial intelligence firm, has recently increased its Bitcoin holdings. This move comes after a temporary ban that restricted the company from expanding its Bitcoin treasury. The firm has resumed its Bitcoin accumulation strategy following a favorable ruling by the US Court…
Bitcoin’s Wild Ride: New Highs and Overheating Concerns Bitcoin (BTC) has been making headlines again, hitting a new all-time high recently. But is the rally sustainable, or is the market getting overheated? This article breaks down the latest analysis and indicators to give you a clearer picture. On May 22, Bitcoin’s price reached $111,970, before…
Bitcoin Bulls Stay Strong as Price Hits New Highs Bitcoin continues to show strong buyer interest as it reaches new all-time highs. Recent analysis indicates that this bullish trend may persist, driven by significant buyer dominance in the market. This contrasts with previous rallies, suggesting a potentially stronger foundation for continued growth in the crypto…
Bitcoin Futures Open Interest Reaches Record High, Signaling Increased Market Speculation The Bitcoin market is currently buzzing with activity as futures open interest (OI) has surged to unprecedented levels. This indicates that traders are increasingly betting on Bitcoin’s future price, anticipating further gains. However, this also brings potential risks, as high leverage can lead to…
Swedish Health Firm H100 Group Sees Stock Surge After Bitcoin Investment The world of cryptocurrency continues to intertwine with traditional markets, leading to some interesting developments. Recently, a Swedish health tech company and a Chinese electric vehicle retailer have made headlines with their forays into Bitcoin. This move has sparked significant market reactions, demonstrating the…
Man Sentenced to Six Years for Unlicensed Bitcoin Money Transmitting A Massachusetts man has been sentenced to six years in prison for running an unlicensed Bitcoin (BTC) money transmitting business. Trung Nguyen, from Danvers, was also ordered to forfeit $1.5 million. According to the U.S. Attorney’s Office in Boston, Nguyen operated a “no questions asked”…
Michigan Lawmakers Propose Crypto-Friendly Legislation Michigan is taking a significant step into the world of digital assets with a series of proposed bills aimed at integrating cryptocurrencies into the state’s financial landscape. These initiatives cover everything from allowing crypto investments in retirement funds to establishing a Bitcoin mining program using abandoned oil and gas sites….
American Tourist Loses $123K in Bitcoin After London Taxi Scam A U.S. tourist in London became the latest victim in a string of crypto-related crimes, losing a significant amount of Bitcoin after being drugged and robbed by a fake taxi driver. The incident highlights the increasing risks faced by crypto holders, as criminals target individuals…
Bitcoin Eyes $112K as Market Shrugs Off Mixed Job Data Bitcoin (BTC) is currently hovering around the $111,000 mark, showing resilience despite mixed economic signals from the US. Recent jobless claims data presented a somewhat unclear picture, but risk assets like Bitcoin and stocks have largely remained unfazed. This is according to a recent report…
Bitcoin’s Subdued Surge: What’s Behind the New Highs? Bitcoin recently achieved new all-time highs, but the market’s reaction has been surprisingly calm. Unlike previous surges fueled by intense hype and speculation, this rally appears to be driven by more sustainable factors. This could indicate further potential for growth, as the market hasn’t yet reached a…
Singapore’s Crypto Scene: Awareness High, Ownership Dips, But Optimism Remains Singapore remains a hotbed for crypto activity, with nearly everyone aware of digital assets. However, a recent survey reveals some interesting trends beneath the surface. While awareness is soaring, actual ownership has seen a slight decline. Let’s dive into the details of the latest Singapore…
FIFA Chooses Avalanche for NFT Platform’s Blockchain FIFA, the international soccer governing body, is diving deeper into the world of blockchain technology. They’ve selected Avalanche to power their new blockchain network dedicated to non-fungible tokens (NFTs) and boosting fan engagement. This move aims to connect with FIFA’s massive global fanbase, estimated at over five billion…
Bitcoin’s Market Cap Surpasses Amazon on “Pizza Day” In a notable milestone for the crypto world, Bitcoin’s market capitalization has exceeded that of Amazon, the well-known e-commerce and tech giant. This occurred on “Bitcoin Pizza Day,” adding extra significance to the event. Bitcoin’s rise reflects growing confidence and interest in the cryptocurrency market. Bitcoin Overtakes…
Can ChatGPT-Powered AI Agents Really Trade Crypto for You? The world of crypto trading is constantly evolving, and now, ChatGPT-powered AI agents are entering the scene, promising to automate tasks and potentially enhance trading strategies. These tools aim to take the emotion and constant monitoring out of crypto trading by using natural language processing to…
Bitcoin ‘Looks Exhausted’ as Some Analysts Predict a Correction to $69K After reaching new all-time highs, Bitcoin (BTC) is facing skepticism from traders who anticipate a pullback. Concerns are rising that the current bull market may be nearing its end, with some analysts forecasting a significant correction. This outlook considers both historical price patterns and…
Spotting Crypto Scams: 5 Red Flags to Watch Out For The world of cryptocurrency can be exciting, but it’s also filled with potential traps. Shilling, the act of promoting a crypto with exaggerated claims, is a common tactic used to drive up prices artificially. The goal? To get unsuspecting investors to buy in, then cash…
Crypto Whale Bets $1.1 Billion on Bitcoin Long Position The world of cryptocurrency trading is known for its volatility and high-stakes maneuvers. Recently, a crypto whale made headlines by opening a massive $1.1 billion long position on Bitcoin (BTC) with 40x leverage on the decentralized exchange Hyperliquid. This move has stirred the crypto community, marking…
BlackRock’s Bitcoin ETF Sees Massive Inflows as BTC Price Surges The world of Bitcoin ETFs is heating up, with BlackRock’s IBIT leading the charge. As reported by Cointelegraph, recent data shows a significant surge in inflows into these investment vehicles, coinciding with Bitcoin’s impressive price rally. IBIT’s Record-Breaking Day BlackRock’s iShares Bitcoin Trust (IBIT) experienced…
