Bitcoin is unlikely to reach $200,000 this year as buying volume isn’t increasing enough to keep pushing the price higher, according to a crypto analyst. It comes after several industry executives have recently speculated that Bitcoin (BTC) will soon hit $200,000. “How on earth can we be going up when there is no volume?” Glassnode…
Read more
The UK is moving forward with a ban on its public sector and operators of critical national infrastructure paying ransomware demands. The proposals released on Tuesday as a result of a public consultation call for a ban on ransomware payments covering all public sector bodies and critical national infrastructure such as energy, health service and…
Read more
Bitcoin mining company Bitfarms has announced a share buyback program, authorizing the repurchase of up to 49.9 million common shares, or 10% of its public float, over the next 12 months. The Toronto Stock Exchange (TSX) approved the buyback program, and covers repurchases on both the TSX and Nasdaq, according to an announcement on Tuesday. The company’s shares…
Read more
Key takeaways: Bitcoin’s sideways trading results from Binance taker volume turning negative, and the US and Korean BTC premium index showing weak spot demand. BTC holding above $115,000 and strong buyer absorption near this level shows bulls are committed to pushing Bitcoin price to new highs. Bitcoin (BTC) has struggled to maintain momentum after hitting…
Read more
Key points: Bitcoin is facing selling near $120,000, but the bears have failed to pull the price below $115,000, indicating that buyers remain in command. Select major altcoins continue to charge higher, signaling the arrival of an altseason Bitcoin (BTC) continues to face selling near $120,000, but a positive sign is that the bulls have…
Read more
Republican leaders on the US Senate Banking Committee have released their version of legislation for a digital asset market structure, suggesting they may be combining their efforts with a bill passed in the House of Representatives. In a Tuesday notice, four Republican senators, including banking committee chair Tim Scott and digital assets subcommittee chair Cynthia…
Read more
SpaceX has moved 1,308 Bitcoin, worth approximately $153 million, in its first onchain activity in three years. The movement was flagged by Arkham Intelligence, which tracks wallets tied to the company. The Bitcoin (BTC) was withdrawn from 16 Pay-to-Public-Key-Hash (P2PKH) addresses and consolidated into a single SegWit-compatible Pay-to-Witness-Public-Key-Hash (P2WPKH) address, where it remained at time of…
Read more
Key takeaways A crypto inheritance plan is vital because losing private keys or seed phrases can permanently make assets like Bitcoin, Ether and NFTs unrecoverable. A strong inheritance plan includes asset inventories, secure access instructions and a trusted executor, ensuring heirs can safely and legally access holdings. Privacy must be protected using encrypted files, sealed…
Read more
The US Federal Bureau of Investigation (FBI) has reportedly ended its investigation of Kraken co-founder Jesse Powell and returned property belonging to him that was seized in a 2023 search of his home. According to a Tuesday Fortune report, the FBI had returned devices to Powell and ended its probe over allegations he had hacked…
Read more
What is the GENIUS Act? The GENIUS Act is a United States federal law that creates a comprehensive regulatory framework for stablecoins. The Guiding and Empowering Nation’s Innovation for US Stablecoins Act, better known as the GENIUS Act, is the United States’ first federal law focused exclusively on payment stablecoins. The White House categorically states…
Read more