Malaysia's national electricity provider, Tenaga Nasional Berhad, has reported losses exceeding 440 million ringgit (about $101 million) due to electricity theft linked to illegal Bitcoin mining activities.
Reports from the courtroom suggested that prosecutors would offer a deal for Eric Council Jr., who allegedly helped compromise the SEC's X account.
On Oct. 25, a long-dormant bitcoin wallet from June 5, 2012—12 years and 4 months old—sprang back to life, moving 399 BTC. 12-Year-Old Wallet Transfers 399 BTC—Tied to the 2011 Bitcoin Whale This month has captivated many as several old wallets, especially from 2011, have awakened while bitcoin's value remains higher than in September. Bitcoin.
Bulls aim to knock out Bitcoin's all-time high before the US elections wrap up. Will altcoins follow?
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin (BTC) rebuilt peak levels of open interest, while awaiting a monthly futures expiration event. Scenarios for BTC range from an almost immediate rally to another drawdown with liquidations into the $40K range.
The excitement for spot Bitcoin ETFs has not waned since their launch in January 2024, with a significant surprise: it is individual investors, not institutions, who are leading the way. According to a recent report from Binance, retail investors account for 80% of the assets under management of these financial products.
The New York Stock Exchange (NYSE) announced plans to extend weekday trading hours on its NYSE Arca equities exchange, potentially accommodating the surging global demand for US-listed securities, including Bitcoin ETFs (exchange-traded funds).
Bitcoin gains liquidity, exits weak hands, and signals bullish breakout amid rising inflows.
TL;DR Lightspark launched updates at its first Partner Summit in Los Angeles, including UMA Auth, UMA Request, and Lightspark Extend, as well as the new solution Spark. UMA is an open-source messaging standard that facilitates real-time transactions with various forms of value.
Retail investors are leading the charge in the adoption of spot Bitcoin exchange-traded funds (ETFs), accounting for 80% of the total demand, according to a recent report by Binance Research. According to the report, Bitcoin ETFs have seen accelerated adoption since their debut, with cumulative holdings now reaching over 938,700 BTC — approximately $63.
U.S. prosecutors are preparing to offer a plea deal to an Alabama man accused of hacking the SEC's social media account.
According to a Binance Research report (title: “Spot ETFs in Crypto Markets”) published earlier today, spot Bitcoin ETFs have collectively accumulated around 938.7K BTC, valued at roughly $63.3 billion. This figure, when including similar funds, accounts for 5.2% of Bitcoin's total supply. The report points out that net flows for BTC ETFs have exceeded 312.
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Cardano Network is poised to tap into $1.3 trillion in Bitcoin liquidity for its decentralized finance (DeFi) ecosystem through a new integration with BitcoinOS (BOS), a Bitcoin smart contract platform. As a result, the Cardano Bitcoin price may begin to move in the same direction.
Mati Greenspan says the next phase of the bull run will be “all about” Bitcoin and that AI-based memecoins are a massive gamble.
Tether and the City of Lugano join hands to unveil a life-sized statue of Satoshi Nakamoto.
Bitcoin whales have reached a record high by accumulating 670,000 BTC, indicating a bullish market trend ahead. The post Bitcoin whales scoop up BTC like never before as market eyes new highs appeared first on Crypto Briefing.
A closely followed crypto strategist is suggesting that Bitcoin may soar by triple digits this cycle while one altcoin may even outperform BTC. Pseudonymous analyst Inmortal tells his 217,800 followers on the social media platform X that Bitcoin's cycle top may end up being 164% more than its current value.
Microsoft has told shareholders to reject a proposal to hold Bitcoin as part of its treasury assets, saying it's not an option for the company right now. On October 24, Microsoft filed a statement with the U.S.
Microsoft's board evaluates Bitcoin, but advises against adopting this strategy now.
Microsoft's upcoming shareholder meeting on December 10 is generating excitement due to a proposal for the company to consider investing in Bitcoin.
As reported by U.Today, Microsoft shareholders are gearing up for a big December vote on a proposal to diversify the company's balance sheet, by including major cryptocurrency Bitcoin (BTC). This development is generating interest in the space as crypto enthusiasts consider the implications of such a decision.
Kaiko research analyst Adam Morgan McCarthy joins CoinDesk Anchor Christine Lee to discuss how trader's are positioned for crypto's "first election." McCarthy analyzes how prediction markets, crypto derivatives and traditional markets compare in determining the outcome of the U.S. election.
There are twice as many bitcoin call options as put options set for the first expiry following the U.S. election, according to Deribit CEO.
Microsoft's board is urging shareholders to reject a proposal examining bitcoin as a treasury diversification asset. Bitcoin in Microsoft's Treasury? The Proposal Sparking Debate This week, speculation around Microsoft's Dec. 10 shareholder meeting is circulating, as a recent U.S. Securities and Exchange Commission filing outlines a proposal that's turning heads.
As the cryptocurrency market began to recover, a wallet that had been dormant for more than a decade resurfaced and gained notable attention from the community. On October 25, 2024, the blockchain-based transactions tracker Lookonchain made a post on X (Previously Twitter) about a wallet that holds nearly 400 Bitcoin (BTC) worth $27.
Bitcoin's price has recently struggled to close above the $70,000 mark, a critical level needed to gain momentum toward its all-time high. Despite several attempts, BTC has been unable to maintain a solid footing above this barrier, which has slowed the bullish momentum.
Institutional adoption, US government overspending and future economic stimulus packages are just a few reasons why analysts believe Bitcoin price is on the path to $100,000.
Michael Saylor recommends Microsoft adopt Bitcoin to enhance shareholder value, as the board advises a vote against the proposal. The post Michael Saylor says Microsoft can make “next trillion dollars” by investing in Bitcoin appeared first on Crypto Briefing.
In what is fast becoming a trend, a 12.4 year dormant Bitcoin wallet is active again, sparking selloff concern.
Lightspark unveils a new Bitcoin L2 and broadens the functionality of its Universal Money Address (UMA) standard with the release of UMA Extend, UMA Auth and UMA Request.
TL;DR BlackRock, through its IBIT fund, holds more than 2% of Bitcoin's circulating supply, making it one of the main institutional investors in cryptocurrencies. In a nine-day period, IBIT acquired 29,714 BTC, investing approximately $2 billion. With an accumulated net inflow of $23.
The notable success rate for MicroStrategy through its Bitcoin strategy has attracted more global companies seeking to follow the same route.
The increase in bitcoin whale wallets suggests that major stakeholders are capitalizing on selling pressure from retail traders.
A watershed moment looms as Microsoft puts Bitcoin treasury adoption to shareholder vote despite board resistance to the proposal.
Microsoft (NASDAQ: MSFT) shareholders will vote on a Bitcoin (BTC) investment proposal on December 10. The company's board has positioned against it, fueling speculations with the growing controversy.
Cardano (ADA) will tap the Grail bridge by BitcoinOS to bring in wrapped BTC liquidity. Cardano still has a limited DeFi sector, but aims to jump-start development by becoming a smart-contract layer for Bitcoin.
Analysts at British multinational bank Standard Chartered are leaning bullish on Bitcoin (BTC) even as the maiden cryptocurrency lingers below the psychologically important $70,000 level. They believe BTC is on the cusp of reaching $125,000 by the end of this year if the Republican Party wins the U.S. Congress after the presidential elections next month.
A Bitcoin wallet containing 50 BTC, untouched since the cryptocurrency's early days, has suddenly sprung to life after more than 14 years of dormancy, executing a transfer worth approximately $3.4 million.
The Bitcoin market continues to see a lot of noisy behavior, but at this point in time, the market is supported quite nicely. Ultimately, this is a market that now offers a bit of action that will mimic a stodgy old index.
In a research paper dated October 24, Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, predicts that Bitcoin could surge to $125,000 by the end of the year if former President Donald Trump secures victory in the upcoming US presidential election. When Bitcoin Could Hit $125,000 Kendrick's analysis hinges on the interplay between Bitcoin's price movements and the US political landscape.
According to a Thursday SEC filing, Microsoft shareholders are set to vote on a proposal to assess whether the tech giant should diversify its balance sheet by putting the world's largest and oldest cryptocurrency, Bitcoin (BTC), in their Dec. 10 meeting. However, the company's board has officially recommended voting against this proposal.
As Microsoft shareholders look forward to their Dec. 10 meeting, many intrigues have begun manifesting in the broader cryptocurrency space. Michael Saylor, a Bitcoin enthusiast and executive chairman of business Intelligence Company MicroStrategy, has waded in with an offer.
Japanese firms advocate for Bitcoin and Ether ETFs, citing stability, market performance, and tax reforms to enhance crypto investment appeal.
Bitcoin Maxi Michael Saylor has called on Microsoft CEO Satya Nadella to consider adopting Bitcoin as one of the company's investments. This push comes at the same time as a shareholder proposal has been submitted with the U.S. Securities and Exchange Commission (SEC) for Microsoft to consider Bitcoin as a treasury asset.
Are we repeating the same patterns we are all accustomed to, or is this time something different?