James Howells, who is infamously known for having accidentally thrown away a hard drive containing 8,000 Bitcoin (CRYPTO: BTC), has suffered a new setback in his quest to reclaim his fortune. What Happened: A high court ruling by Judge Keyser KC has dismissed James Howells' legal claim to recover the hard drive, citing no “reasonable grounds” for bringing the claim and “no realistic prospect” of winning it.

Law enforcement in Thailand's Chon Buri province recently seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity. Modified Meters Used to Aid Electricity Theft On Jan.

A U.S. federal judge has granted approval for the Department of Justice (DOJ) to sell 69,370 Bitcoin, worth an estimated $6.5 billion. The Bitcoin, seized during the Silk Road investigation, was confiscated from the darknet marketplace after its closure.

Wallets holding the seized BTC from Silk Road were intact at the time of writing.

Bitcoin's recent price fluctuations have left investors in a state of uncertainty, as the cryptocurrency has seen a dramatic decline from its peak of nearly $107,000 to around $94,550. This volatility raises essential questions about the ability of Bitcoin to maintain its rally and whether it can regain its footing in the coming weeks.

Jurrien Timmer, the director of global macro at Fidelity Investments, says that Bitcoin stole the show in 2024 its impressive rally that allowed the cryptocurrency to finally clear the $100,000 mark.

Bitcoin has found itself in a precarious position after a sharp decline from its brief return to the $100K mark. The cryptocurrency quickly lost the psychological milestone within just three days, leaving many investors wondering whether Bitcoin can regain its footing or face further downward pressure.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The fintech company Block could be the first publicly listed company holding Bitcoin (BTC) in its treasury to integrate the S&P 500 Index within 21 months, according to Matthew Sigel, head of digital assets research at VanEck.

Despite the decline in BTC mining output, Bit Digital increased its BTC and ETH holdings through diversification in both assets. Strategic Diversification Key to Bit Digital Crypto Holdings Bit Digital, a bitcoin mining firm produced 32.4 BTC in Dec. 2024, a 27.8% drop from the previous month.

A new report shows diverging sentiment across the biggest cryptocurrencies, despite market-wide downturn fears. Santiment, an on-chain analytics platform analyzed the top cryptocurrencies' based on social media trends over the past three months.

Following the report released by the Institute for Supply Management (ISM), sentiment across the cryptocurrency landscape has shifted towards the bearish side for a short period. Amid this, Bitcoin (BTC) the world's largest cryptocurrency by market cap has experienced a price decline of over 10% and has reached a crucial level. $1.

By swapping out stablecoins for BUIDL, Securitize is earning 20.71% returns per annum on its bitcoin basis trade with trading firm QCP.

The crypto market faces renewed volatility and uncertainty following the recent Bitcoin price crash below the $100,000 mark. As a result, a crypto analyst has shared a rather lengthy X (formerly Twitter) post outlining what to expect following this significant decline.

The Bitcoin price has been on a fresh decline in the past 24 hours after it broke above the $100,000 level again very briefly. This decline has seen Bitcoin break below the $95,000 price mark again, but a recent crypto market update is threatening to send it further down.

Bitcoin's price has dropped nearly 10% since hitting an intraday high of $102,735 on Tuesday. This decline has significantly affected miners, with daily revenue on the Bitcoin network sinking to a 30-day low.

Thai authorities have raided a large Bitcoin mining operation in Chonburi, which was found to be illegally using electricity by tampering with power meters. The operation, which caused major financial losses estimated in the hundreds of millions of Baht, was dismantled on January 9, 2025.

The rapid advancement of quantum computing technology has triggered growing concerns within the cryptocurrency world, particularly regarding Bitcoin's long-term resilience. As the race for quantum supremacy intensifies, many are questioning whether Bitcoin's security mechanisms are equipped to handle the computational power of quantum computers.

Bitcoin held by U.S. firms far exceeded reserves boasted by offshore counterparts as spot ETFs, and Trump's win unlocked a wave of capital.

Bitwise Chief Investment Officer (CIO) Matt Hougan has commented on what will likely happen if the US government under Joe Biden sells its $6.5 billion Silk Road BTC stash. The Bitwise CIO's remarks come following the court's approval for the government to sell these coins.

U.S. authorities have not executed any new Bitcoin sales, despite reports of the DOJ authorizing a massive offload.

Today, the Bitcoin Students Network launches its "Layer Zero" program to empower youths globally to collaboratively build and strengthen Bitcoin's "social layer".

Grayscale increases Bitcoin and Ethereum allocations to 90% in its large cap fund during Q4 adjustments, with Cardano replacing Avalanche. The post Grayscale adjusts large cap fund increasing Bitcoin and Ethereum allocations to 90% appeared first on Crypto Briefing.

The price of Bitcoin has fallen by 2% today, with its drop to $93,522 coming after sources confirmed that the US Department of Justice has legal approval to sell 69,370 BTC. The post $6.5 Billion in Bitcoin Could Hit the Market Soon – Will BTC Fall to $10,000? appeared first on Cryptonews.

SB325 proposes voluntary Bitcoin adoption for employees and businesses.

Cryptocurrency analysts are expressing caution about Bitcoin‘s (CRYPTO: BTC) near-term price action, pointing to continued government sell-offs, market liquidity issues and the uncertainty surrounding the altcoin market as bearish factors. What Happened: Pseudonymous analyst Altcoin Sherpa indicated lack of buying pressure, cautioning about selling pressure due to the government's ongoing Bitcoin liquidation.

The Nasdaq-listed cryptocurrency miner reached 10,097 Bitcoins in its treasury, all mined through U.S.-based operations.

President Nayib Bukele hinted at the possibility of El Salvador acquiring Bitcoin at discounted prices following the US government's decision to sell $6.7 billion worth of Bitcoin.

Recent data from Crypto Quant has revealed a significant shift in the distribution of Bitcoin reserves, with U.S. entities now holding 65% more bitcoin than their offshore counterparts. As of January 6, 2025, the ratio of U.S. bitcoin holdings to non-U.S. holdings stood at 1.65, marking a sharp increase from 1.24 in September 2024.

In a latest development, – CleanSpark Inc, America's Bitcoin Miner announced a significant milestone, achieving over 10,000 bitcoins in its treasury, all self-mined exclusively from its U.S.-based mining operations.

A High Court judge has dismissed James Howells' legal effort to recover a hard drive containing access to Bitcoin worth £600 million ($739 million). The decision, handed down by Judge Andrew John Keyser KC, marks the end of a long-standing legal battle between Howells and Newport City Council over access to a landfill site in

Earlier this week, a Reddit post sparked a thoughtful discussion about artificial intelligence (AI) potentially adopting bitcoin in the era of artificial general intelligence (AGI). The conversation revolved around the idea that, as AI matches or surpasses human-level intelligence across a wide array of tasks, it might naturally turn to bitcoin as the leading cryptocurrency.

According to data tracked by TradingView, the crypto industry saw over $300 billion wiped out from the markets since Jan. 6, leaving bitcoin below $93,000 as of the U.S. morning hours. Plus, will the U.S. government liquidate $6.5 billion of BTC from the Silk Road seizure?

Bitcoin Sale by the U.S. Government: A US court has approved the sale of 69,370 BTC ($6.5 billion), confiscated from Silk Road. Despite speculation, there is no evidence of transfers to exchanges.

CleanSpark, a U.S.-listed Bitcoin miner, has surpassed 10,000 BTC in its treasury, a milestone achieved entirely through its self-mining operations. According to an announcement CleanSpark shared on Jan.

Bitcoin, the world's largest cryptocurrency, continued its downward trend on Thursday, touching its lowest level since November as it traded as low as $92,500. This decline comes after a period of significant gains following President-elect Donald Trump's victory in early November, which had fueled a surge in crypto-related assets and stocks.

The Silk Road Bitcoin seizure case nears resolution as a US court clears the path for liquidation of $6.5B.

Matthew Sigel, head of digital assets research at prominent investment firm VanEck, believes that Block (formerly Square) could be the first Bitcoin holder to make an appearance on the flagship S&P 500 stock market index.

Bitcoin and crypto prices slipped this week as the Fed's minutes revealed a hawkish outlook due to increasing inflation concerns.

The crypto markets are plunging down! Bitcoin formed lows below $92,000 after falling to sustain above the gains. Meanwhile, the latest rejection from $4100 appears to have largely impacted the Ethereum price rally as the token is expected to lose support at $300.

Michael Saylor, Bitcoin evangelist and MicroStrategy's executive chairman, who co-founded that company, has taken to his account on social media platform X to share a new daily message with the BTC community.

A new Bitaxe device comes to market, Heatbit devices are helping everyday users mine bitcoin while keeping their homes warm, and 5,500 open-source mining developers continue to work together to push the home Bitcoin mining industry forward.

US government holds about $18.50 billion worth of Bitcoin, which it may sell entirely ahead of Donald Trump's presidency.

Judge Keyser has dismissed a legal case filed by James Howells seeking to recover a Bitcoin hard drive with more than $770 m worth of BTC from a landfill.

Macroeconomic factors have heavily destabilized crypto assets, causing uncertainty among digital asset investors. According to QCP, bearish sentiment reigns supreme among digital assets such as Bitcoin after Fed minutes revealed the central bank's hawkish stand moving forward.

For over a decade, cryptocurrencies have been one of the many interests of the world's most famous podcaster and Ultimate Fighter Championship (UFC) commentator Joe Rogan.

The President's love for crypto continues to shine with the launch of his latest NFT collection on the Ordinals protocol. Trump Debuts Bitcoin Digital Trading Cards President-elect Donald Trump‘s non-fungible token (NFT) collection debuted its first 160 products, the “Trump Bitcoin Digital Trading Cards” on Bitcoin through the Ordinals protocol.

The 2025 Bitcoin price prediction hinges on its critical $90,000 support level. Will it hold, or could we see declines to lower levels?