Key takeaways A simple data-entry error allowed 620,000 nonexistent BTC to appear in user accounts for 20 minutes because trades update a private database first, with onchain settlement happening later. Around 1,788 BTC worth of trades were executed before the exchange locked everything down. What could have been dismissed as a harmless error turned into…
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Bitcoin (BTC) market sentiment has begun to recover as exchange traders reconsider selling. Key points: Bitcoin taker flow finally sees positive values after a month of seller dominance. “Aggressive” sell pressure is fading at current price levels, analysis says. The Crypto Fear & Greed Index hits record lows despite BTC price stabilization. Bitcoin exchanges eye…
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Bitcoin market observers believe that the recent price slump may actually reflect the asset’s wider adoption by institutions, which still don’t see it as a risk-off asset. It’s been rough out there for crypto in recent months. Since October, when Bitcoin’s price reached a high of over $120,000, BTC has been gradually sliding. In recent…
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Bitcoin miner outflows jumped to 28,605 BTC, worth about $1.8 billion, on Feb. 5, one of the largest single-day transfers since November 2024, as prices swung sharply during a volatile trading session. Another 20,169 Bitcoin (BTC), worth about $1.4 billion, left miner-linked wallets on Feb. 6, according to data from CryptoQuant. The last comparable spike…
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The United States National Credit Union Administration (NCUA) has proposed its first rules under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, sketching out how subsidiaries of federally insured credit unions could apply to become federally supervised payment stablecoin issuers. The NCUA, which oversees more than 4,000 federally insured credit unions serving…
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Binance completed the $1 billion Bitcoin conversion for its emergency fund, committing to holding Bitcoin as its core reserve asset. Binance purchased another $304 million worth of Bitcoin (BTC) on Thursday, completing the conversion of $1 billion in Bitcoin for its Secure Asset Fund for Users (SAFU) wallet, according to Arkham data. The fund now…
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WhatsApp, the messaging app owned by social media giant Meta, has accused Russia of attempting to block access for millions of its users in an attempt to push them towards its state-owned alternative. “Trying to isolate over 100 million users from private and secure communication is a backward step and can only lead to less…
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Thailand’s government on Tuesday approved the Finance Ministry’s proposal allowing digital assets to be used as underlying assets in the country’s derivatives and capital markets. The move aims to modernize Thailand’s derivatives markets in line with international standards, strengthen regulatory oversight and investor protection, and position itself as a regional hub for institutional crypto trading,…
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US lawmakers questioned Securities and Exchange Commission (SEC) Chair Paul Atkins at a hearing on Wednesday about the agency’s enforcement actions against the crypto industry and why several cases were dismissed since the leadership change. Enforcement actions since US President Donald Trump assumed office, and appointed Atkins as SEC chair, are down by 60%, Representative…
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Bitcoin (BTC) price fell to $65,800 on Wednesday, slipping back below key intraday trend lines and raising concerns that last week’s drop to $60,000 may not have been the final bottom. Now, analysts say that the possibility of another drop to the yearly low ($59,800) is increasing due to a growing liquidity gap between $66,000…
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