The US has seized servers, domain names, and around $1 million in crypto assets from the ransomware group BlackSuit. The Justice Department said on Monday that multiple US and international law enforcement agencies conducted an operation against the BlackSuit ransomware groups in late July. The operation included the unsealing of a warrant for the seizure…
Read more
David Bailey, a well-known Bitcoin advocate who has advised US President Donald Trump on crypto policy, has announced plans to buy $762 million worth of Bitcoin as early as Tuesday. “Ever since getting into Bitcoin, I’ve always had this dream of smash buying $1 billion of Bitcoin in a single bid,” he said on Monday.…
Read more
Crypto markets have historically fallen into a four-year bull and bear cycles that seem to revolve around the Bitcoin halving, however, this pattern could be unravelling, according to industry analysts and experts. “Top 100 Bitcoin treasury companies hold almost 1 MILLION Bitcoin,” said author and investor Jason Williams in a post on X on Sunday.…
Read more
Bitcoin pioneer Samson Mow predicts Ethereum investors will switch back to Bitcoin once ETH prices get high enough, potentially reversing a five-week surge in Ether. However, historical market cycle patterns could indicate otherwise. “Most ETH holders have a lot of BTC (ICO/insiders) and they are rotating that BTC into ETH to pump it on new…
Read more
Bitcoin miner CleanSpark has reported its best-ever quarterly results, with its highest-ever revenue and profitability beating analyst expectations. CleanSpark said on Thursday that its revenue for its third quarter from April to June was $198.6 million, a 91% increase from its $104 million in revenues from the same quarter a year ago, beating analyst expectations…
Read more
Crypto derivatives trading volumes on the Binance exchange surged to six-month highs in July, signaling increased trading activity and potentially more volatility in the wake of recent market swings. Binance futures trading volumes hit $2.55 trillion in July, the highest level since January, reported CryptoQuant analyst J.A. Maartun on Tuesday. “The jump in volume followed…
Read more
BlackRock’s US-listed Bitcoin fund has just recorded its largest outflow since May as Bitcoin dipped on the weekend and slightly recovered on Monday. BlackRock’s iShares Bitcoin Trust (IBIT) saw an outflow of $292.5 million on Monday, its largest outflow in two months. There was a minor outflow on Friday last week, ending a 37-day inflow…
Read more
Michael Saylor’s Bitcoin treasury firm has more than doubled its Bitcoin holdings since November last year — the month the US President Donald Trump won the federal election in a landslide vote. Strategy has accumulated 376,571 Bitcoin (BTC), worth $43.2 billion at current market prices, since Trump’s election victory. Before Trump’s win, it had taken…
Read more
Bitcoin will likely need to hold above the $110,000 support level to get a chance at retesting its all-time high, according to an analyst, as Bitcoin fell 5% over the weekend. Bitcoin fell from about $118,330 on Friday, dropping to $112,300 on Sunday, a bearish start to a historically bad month for Bitcoin. “A lot…
Read more
Crypto-skeptic US Senator Elizabeth Warren has led a letter to the Office of the Comptroller of the Currency expressing concerns over potential conflicts of interest involving the Trump family’s crypto business interests. Warren, along with Senators Chris Van Hollen and Ron Wyden, said in a letter to OCC head Jonathan Gould on Thursday that they’re…
Read more