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A federal court has determined that 94,643 bitcoin, seized following the infamous 2016 Bitfinex hack, will be returned to the cryptocurrency exchange as part of voluntary restitution agreements tied to plea deals with the convicted perpetrators.
“Like it or not, we have to move along with more adoption of cryptocurrencies worldwide," a regulator told Bloomberg.
The U.S. government says bitcoin stolen in the 2016 hack of Bitfinex should go back to the exchange, in a court document filed this week.
Bitcoin (CRYPTO: BTC) is eyeing a march toward the $100,000 mark following CPI data that aligned with market expectations. What Happened: The report has rekindled optimism across markets, with the S&P 500 index – as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY) – gaining 1.7%.
The Bitcoin price has struggled to break above the $100,000 threshold decisively over the past four weeks, largely fluctuating within the $90,000 to $100,000 range. This correction and lackluster price action have caused a degree of bearish sentiment among traders, with some speculating that Bitcoin might have already reached its peak for the current cycle.
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Bitcoin exchange-traded funds (ETFs) have been under pressure recently, recording their fourth consecutive day of outflows on January 14. The total outflow for the day reached a significant $209.82 million, bringing the total outflows over the past four days to over $1.2 billion.
Tether filed a lawsuit against Swan Bitcoin, alleging breaches of agreements related to their 2022 Bitcoin mining joint venture.
TL;DR Bitcoin could reach $300,000 and Ethereum surpass $8,000 by the end of the year, according to HashKey Group. The market capitalization of stablecoins could exceed $300 billion due to growing demand for real-world asset-backed digital assets. Approval of new cryptocurrency ETFs, including XRP and SOL, along with increased regulatory focus, could drive market growth.
Bitcoin nears $100K as cooling core inflation in better-than-expected CPI data fuels optimism for a June rate cut. The post Bitcoin nears $100K as CPI data shows signs of cooling appeared first on Crypto Briefing.
Prominent cryptocurrency analyst and trader Michael van de Poppe has shared a Bitcoin chart, along with his near-term price prediction — a bullish one.
Bitcoin (BTC) has had a turbulent week, with the price fluctuating dramatically. After dipping below $90,000 earlier in the week, the cryptocurrency made a quick recovery, climbing back to $96,000 at the time of writing.
The restitution of seized Bitcoin to Bitfinex highlights the complexities of asset recovery and the evolving legal landscape in cryptocurrency crimes. The post US government says Bitcoin seized from 2016 hack should be returned to Bitfinex appeared first on Crypto Briefing.
Thailand is ramping up its involvement in the crypto space with two contrasting regulatory moves. Media reports in the Asian nation have revealed that it is weighing the approval of Bitcoin exchange-traded funds (ETFs) while considering a ban on Polymarket.
Bitcoin's price trajectory in 2025 could see unprecedented highs as market dynamics shift under the incoming US Republican government. CryptoQuant, an on-chain analytics platform projects that Bitcoin might reach $249,000 during Donald Trump's first year back in office.
Bitcoin and most altcoins continued their recent recovery after the U.S. published mixed consumer inflation data. Bitcoin (BTC) rose to $99,000 for the first time since January 7, gaining 10% from its monthly low.
Looking closely at stablecoin flows, the past three times that Bitcoin (BTC) has hit fresh all-time highs, this has been accompanied and possibly fueled by a major increase in the combined market cap of stablecoins.
Bitcoin (BTC) experienced significant volatility on Tuesday, dropping 4.8% to $97,000 once again after briefly surging above $100,000 to start the week. Major crypto stocks, including Coinbase and MicroStrategy, also saw sharp declines, falling more than 7% and 9%, respectively.
On Jan. 15, bitcoin ascended to an intraday peak of $99,442 on Wednesday morning, following the release of the latest U.S. inflation data, which revealed a slowdown in core inflation. Easing Core Inflation, Explosive Bitcoin Rally: $224M Liquidated in 24 Hours At 9 a.m.
TL;DR Crypto hedge funds achieved an average return of 40% in 2024, according to the VisionTrack Composite Index, highlighting the sector's resilience. Bitcoin outperformed all assets with a spectacular growth of 120%, reaching a historic milestone by surpassing $100,000 for the first time.
Bitcoin (BTC) and Ethereum (ETH) are the leading cryptocurrencies and the only two that, so far, got the United States Securities and Exchange (SEC) commission blessing to have exchange-traded funds (ETFs) offered in Wall Street.
Tether has initiated legal action against Swan Bitcoin, citing alleged breaches of contract related to their joint Bitcoin mining venture, established in 2022 under the name 2040 Energy.
Bitcoin (BTC 2.79%) is unique as an asset in a few key ways that could make it a safe haven in difficult economic circumstances. To the cryptocurrency's boosters, these features are nothing new and are part of the core value proposition that argues for holding it forever.
These fears become even more glaring as the market awaits the US inflation data that is due for release later today.
