Bitcoin proponents have issued a detailed rebuttal to a European Central Bank (ECB) paper that criticized its viability and economic impact. In the working paper authored by ECB officials Ulrich Bindseil and Jürgen Schaaf, Bitcoin is described as a speculative asset lacking intrinsic value, contributing to wealth concentration, and failing to enhance economic productivity.
Bitcoin institutional investors are pausing for thought while BTC price struggles to overcome resistance.
The crypto market has recorded a drop of 1.77% in the past 24 hours, from $2.34 Trillion to $2.32 Trillion. Following this, the market leader, Bitcoin price has displayed a neutral trend over the past week.
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Tesla might still be holding onto its $777 million Bitcoin stash after last week's transfers to multiple new wallets, which sparked speculation that a sell-off could be forthcoming. In an Oct.
SEC Chair Gary Gensler wished Bitcoin (CRYPTO: BTC) a "Happy Sweet Sixteen" ahead of the white paper anniversary. What happened: During an interview with Bloomberg Technology Tuesday, Gensler said, "This Halloween it will be 16 years since Satoshi Nakamoto wrote that white paper.
Tether (USDT), the largest stablecoin in the world, has just crossed a historic threshold of 120 billion dollars in market capitalization. This news, far from trivial, comes in the context of "Uptober," a traditionally favorable period for price increases of Bitcoin and other cryptos.
A European Central Bank (ECB) paper has mischaracterized Bitcoin, while also failing to highlight similar problems with fiat, a crypto executive says. The paper, “The distributional consequences of Bitcoin,” published on Oct.
The Tokyo-listed firm has completed its stock acquisition rights program with participation from 13,774 individual shareholders.
An analyst who nailed the pre-halving Bitcoin correction this year believes BTC is solidifying its odds of witnessing a trend shift soon. Pseudonymous analyst Rekt Capital tells his 506,300 followers on the social media platform X is very close to stepping into bull territory after soaring above $69,000 last week.
Spot Bitcoin exchange-traded funds in the United States recorded significant net outflows on Oct. 22, ending their seven-day inflow streak, with all the outflows attributed to ARK 21Shares's ARKB. Data from SoSoValue revealed that the entire $79.
Analysts believe Bitcoin's recent price jump could be linked to rising sentiment around Donald Trump's chances in the 2024 US presidential election.
Japan's regulators remain cautious on spot crypto ETFs despite a global shift towards approval, according to Sumitomo Mitsui Trust Asset Management.
Traders say BTC is headed to new highs regardless of a Democrat or Republican win.
Cryptocurrency Market Today: The global cryptocurrency business has dipped by 0.97%, bringing the total market cap to $2.31 trillion. Despite the decline in 24-hour trading volume—down 14.81% to $71.28 billion—the Fear & Greed Index remains neutral at 56.
Cryptocurrency Market Today: The global cryptocurrency business has dipped by 0.97%, bringing the total market cap to $2.31 trillion. Despite the decline in 24-hour trading volume—down 14.81% to $71.28 billion—the Fear & Greed Index remains neutral at 56.
Spot Bitcoin exchange-traded funds (ETFs) in the U.S. experienced a reversal in daily flows on Tuesday, marking the end of a seven-day streak of net inflows.
After four months of declining transaction volumes from retail investors, Bitcoin (BTC) retail on-chain activity shows signs of resurgence. Will Bitcoin Benefit From Rising Retail Participation?
Bitcoin has successfully received support at $66,800, which is a huge win for the crypto community. Even though btc failed from the $70,000 level, it has prevented a huge fall. Just a 4% correction which is considered healthy in case of the largest crypto.Let's see what are the things happening in the market.
Bitcoin exchange-traded funds (ETFs) registered an impressive $294.29 million in net inflows, demonstrating resilient investor confidence even as Bitcoin's price dipped below the $67,000 mark. This surge in inflows marks a remarkable trend for the ETF market, continuing a streak of positive momentum despite recent price fluctuations in the cryptocurrency market.
On-chain data indicates that Tesla Inc. has retained its entire Bitcoin holdings, dispelling recent speculation about a potential sale. Last week, blockchain analytics firm Arkham Intelligence reported that Tesla had transferred its entire stash of 11,509 BTC—currently valued at over $776 million—to new, unidentified wallets.
A controversial take on Bitcoin (CRYPTO: BTC) self-custody by MicroStrategy CEO Michael Saylor has riled up privacy advocates, prompting disagreements and counter-arguments. What happened: During a recent interview, Saylor called the narrative a "myth and trope" propagated by "paranoid crypto-anarchists.
Metaplanet's aggressive Bitcoin acquisition strategy has earned it the nickname "Asia's MicroStrategy."
Billionaire hedge fund veteran Paul Tudor Jones is going long on Bitcoin and commodities after issuing a dire warning about inflation.
The bitcoin price is falling back after failing to breach $70,000 as the traders appear to have turned bearish on the crypto. The price is consolidating tightly within a range, displaying minimal possibility of a breakout in the near future.
Saylor appears to be “explicitly arguing for a regulatory capture approach to protecting crypto,” which was not what it is about, said Buterin.
As the US presidential election approaches, the crypto community is buzzing with speculation regarding how the outcome will affect the Bitcoin price. With just 15 days until the election between former President Donald Trump and Vice President Kamala Harris, options traders are increasingly optimistic about a new all-time high for Bitcoin, regardless of who wins the presidency.
Electric vehicle giant Tesla is believed to still hold its entire Bitcoin investment, valued at $780 million, despite transferring the funds to unknown wallets earlier this month.
The 12 spot bitcoin ETFs reported total net outflows of $79.09 million on Tuesday, ending a seven-day inflow streak.
Billionaire hedge fund manager Paul Tudor Jones, CEO of Tudor Investment Corporation, recently shared his concerns about inflation and its impact on the economy during an interview with CNBC.
Elon Musk's EV juggernaut Tesla Inc. (NASDAQ:TSLA) was reportedly still in possession of its Bitcoin (CRYPTO: BTC) holdings, and the recent transfers were nothing but reallocation.
Cryptocurrency Prices Today (October 23): The broader market on Wednesday illustrated mixed price actions, setting off waves of speculation among market watchers globally. Bitcoin (BTC) price held the $66K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices struggled to gain a significant upward momentum.
Bitcoin core developer Peter Todd says he faces ongoing harassment after an Oct. 8 HBO documentary wrongly identified him as Satoshi Nakamoto. He claims many people have contacted him, asking for money.
Blockchain intelligence firm Arkham has reported that Tesla maintains ownership of 11,509 Bitcoin (BTC) worth approximately $770 million. The tweet from Arkham was following Tesla's recent wallet movements.
Michael Saylor, the CEO of MicroStrategy, is planning to donate his entire Bitcoin fortune, drawing comparisons to Satoshi Nakamotos mysterious gift of Bitcoin to the world. In an interview, Saylor described Bitcoin as immortal money, crucial for building the future economy.
Ethereum co-founder Vitalik Buterin has criticized MicroStrategy chairman Michael Saylor's recent comments supporting institutional custody for Bitcoin. Michael Saylor's proposal to have large financial institutions and institutions like the “too big to fail” banks handle Bitcoin custody has raised eyebrows within the Bitcoin community.
The rebuttal critiques several arguments made by the ECB paper's authors earlier this month that argued Bitcoin's price should be regulated or outright banned.
The rebuttal critiques several arguments made by the ECB paper's authors earlier this month that argued Bitcoin's price should be regulated or outright banned.
Ahead of the November 5 U.S. 2024 general elections, the cryptocurrency market, led by Bitcoin (BTC) is gradually gaining steam. The ongoing mainstream adoption of digital assets by retail traders and institutional investors in the United States has entangled the political landscape in the recent past.
Ethereum co-founder Vitalik Buterin has strongly criticized MicroStrategy's executive chairman Michael Saylor's comments on Bitcoin custody. The comments were following Saylor's recent controversial stance advocating for Bitcoin custody through “too big to fail” banks instead of self-custody.
SEC chair Gary Gensler acknowledged the 16th anniversary of the Bitcoin white paper but reaffirmed the SEC's “regulation by enforcement” approach to protecting investors.
The findings from the Bitcoin Rainbow chart were enormously bullish-bulls just need to HODL for 6–9 months more!
Bitcoin price started a downside correction and tested the $66,500 zone. BTC is now consolidating and might aim for a fresh increase above $67,800.
A prominent cryptocurrency analyst who accurately predicted the collapse of Bitcoin in May 2021 is now making a bold call on the meme-inspired cryptocurrency Dogecoin, pointing to a potential substantial price increase as it breaks through a key resistance level.
The firm's bitcoin holdings appear to be distributed across seven wallets, with the largest holding 2,109.3 BTC, according to Arkham
Latest analysis from a CryptoQuant analyst has revealed the relationship between Bitcoin's ETF inflows and miner profitability.