Crypto Account Manager

Ten new U.S. spot bitcoin exchange-traded funds (ETFs) have shattered both inflow and trading volume records. The 10 funds took in $673.4 million, with Blackrock’s Ishares Bitcoin Trust (IBIT) accounting for $612.1 million of the total inflow. The 10 bitcoin ETFs also set a new record for total trading volume. Spot Bitcoin ETFs Set New […] source https://news.bitcoin.com/10-bitcoin-etfs-smash-inflow-and-trading-volume-records/

PRESS RELEASE. Singapore / February 29th, 2024 / – BitTorrent Chain (BTTC), a pioneering force in blockchain interoperability and scalability, has been featured in recent reports by CoinMarketCap (CMC) and Reflexivity Research, highlighting its growing influence in the blockchain sector. CoinMarketCap’s report offers a deep dive into the cross-chain interoperability sector, where BTTC stands out […] source https://news.bitcoin.com/bittorrent-chain-spotlighted-in-reports-by-coinmarketcap-and-reflexivity-research/

The crypto enterprise Coinbase, rooted in San Francisco, experienced an influx of online visits that surpassed the tenfold increase anticipated by their projections. Brian Armstrong, the CEO of Coinbase, shared updates about the heightened traffic following the exchange’s operational hiccups, which coincided with bitcoin’s climb to $64,000 on Wednesday. Coinbase Traffic Spike Surpasses Expectations Coinbase, […] source https://news.bitcoin.com/10x-surge-coinbase-traffic-overwhelmed-initial-demand-projections-amid-bitcoins-rise-to-64k/

Bitcoin experienced a 6.8% increase on Wednesday, reaching a peak of $64,000. This upturn also propelled several other digital assets upwards, notably arweave (AR) with a 50.3% increase and aptos (APT) with a 23.5% appreciation against the U.S. dollar. AR, APT, FET, DOGE, PEPE, and ORDI Post Impressive Gains Amidst Crypto Upswing As of 2 […] source https://news.bitcoin.com/arweave-and-aptos-lead-crypto-market-surge-with-stellar-gains-as-btc-nears-all-time-high/

On Wednesday, bitcoin’s value ascended to the vicinity of $64,000, during which time users of Coinbase and Robinhood reported disruptions in service. As of Feb. 28, 2024, Coinbase’s status page indicated the platform was suffering from “degraded performance,” while Robinhood’s clientele voiced their grievances to the platform’s support team. Technical Troubles Shadow Bitcoin’s Climb to […] source https://news.bitcoin.com/service-interruptions-at-coinbase-robinhood-and-kraken-as-bitcoin-soared-to-64000/

PRESS RELEASE. Kinetex is excited to introduce BTCX, a Bitcoin ZK light client built with Succinct Labs. Developed using Succinct’s plonky2x framework and deployed seamlessly through its unified proving stack, BTCX enables EVM-compatible networks to verify the Bitcoin state directly without any centralized actors in between. The creation of this solution is the first step […] source https://news.bitcoin.com/bringing-worlds-together-kinetex-announces-zk-light-client-for-bitcoin/

On Tuesday, the publicly-listed bitcoin mining company Hut 8 revealed it has initiated construction of its new mining facility in Culberson County, Texas, with plans to have it operational by the second quarter. Hut 8 further unveiled a new treasury strategy that utilizes its bitcoin holdings to fund the company’s growth efforts. Hut 8 Leverages […] source https://news.bitcoin.com/hut-8-unveils-btc-funded-62-mw-texas-facility-for-mining-efficiency-boost/

Uniswap Labs has unveiled a collection of new features designed to refine the trading journey for users of its decentralized exchange (dex). This collection encompasses the Uniswap browser extension, limit orders for precise trading strategies, and advanced data and insights for making well-informed choices. Uniswap Labs explained on Tuesday that the expansion aims to make […] source https://news.bitcoin.com/uniswap-introduces-wallet-extension-and-limit-orders-uni-jumps-83-in-30-days/

PRESS RELEASE. Supermoon, alongside Cointelegraph Accelerator, NDC, Horizen, Conflux, and OORT, will welcome 500+ builders & founders at BUIDL HOUSE event during EthDenver 2024! This three-day open house event, located only five minutes from the Eth Denver conference, will run from February 29 to March 2. It is set to be the biggest networking gathering […] source https://news.bitcoin.com/eth-denver-top-builders-base-by-supermoon-cointelegraph-ndc-horizen-and-conflux/

In recent times, the meme coin sector has experienced a significant increase, climbing over 13% in the past 24 hours. In the span of the last four days, the meme token economy has expanded by $3.77 billion, with tokens such as pepe (PEPE) and corgiai (CORGIAI) achieving gains in the double digits. Meme Coin Market […] source https://news.bitcoin.com/4-day-3-77-billion-boost-in-meme-coin-sector-led-by-pepe-wif-and-bonk/

The price of bitcoin has risen past the $54,000 threshold, now hovering at $54,446 per unit as of Monday, Feb. 26, 2024, at 2:37 p.m. Eastern Time (ET). This leading crypto asset has witnessed a growth of 4.5% in the last six hours, and over the previous month, bitcoin’s value has soared by 28.3% against […] source https://news.bitcoin.com/bitcoin-breaks-54000-barrier-for-first-time-since-2021-eyes-historic-highs-ahead-of-halving-event/

Bitcoin miners are set for a potential reprieve in three days, with the difficulty anticipated to decrease on Feb. 29. This follows the year’s most significant difficulty escalation of 8.24%, which occurred on Feb. 15. The upcoming adjustment is predicted to record a reduction of 2.5% to 3%, as block time intervals extend beyond the […] source https://news.bitcoin.com/potential-reprieve-for-bitcoin-miners-with-upcoming-difficulty-adjustment-following-record-hike/

PRESS RELEASE. February 26th, 2024. Collective Forecast is proud to announce the launch of its innovative platform, which is set to transform market predictions by harnessing the collective wisdom of traders and influencers. At the core of Collective Forecast lies a diverse group of experienced traders hailing from various corners of the globe, each boasting […] source https://news.bitcoin.com/introducing-collective-forecast-revolutionizing-market-predictions-with-community-driven-insights/

In the last week, 23 cryptocurrencies experienced notable gains against the U.S. dollar, with flare (FLR) and uniswap (UNI) leading the charge. Concurrently, dymension (DYM) and helium (HNT) saw significant declines over the same period. FLR and UNI Lead Gains in a Diverse Week for Cryptos, Despite DYM and HNT Setbacks As of now, the […] source https://news.bitcoin.com/flr-and-uni-spearhead-this-weeks-crypto-gains-as-token-economy-holds-above-2-trillion/

In its latest annual report, Riot Platforms, the publicly-listed bitcoin mining firm, outlines several significant risks that could impact its operations, including troubles in the broader crypto economy, potential decreases in onchain transaction fees, and the anticipated bitcoin halving event in April 2024. The company emphasizes the halving event’s potential to reduce mining rewards as […] source https://news.bitcoin.com/riot-platforms-highlights-risks-associated-with-upcoming-bitcoin-halving-event-in-annual-report/

2024 has unfolded as a flourishing year for bitcoin’s valuation, as its market capitalization breezed past the $1 trillion milestone, positioning the cryptocurrency as the world’s tenth-largest asset by overall market valuation. This uptick in price has significantly boosted the net worth of Bitcoin’s mysterious creator, Satoshi Nakamoto, elevating the value of the inventor’s holdings […] source https://news.bitcoin.com/satoshi-nakamotos-growing-fortune-nears-entry-into-worlds-top-25-richest-individuals/

In a candid interview about his past skepticism towards bitcoin, Chris Irons, also known as ‘Quoth the Raven,’ founder of Quoth The Raven Research, has taken on a transformative journey from doubt to belief in the leading digital currency. During an episode of the “What Bitcoin Did” podcast with Peter McCormack, Irons explains his newfound […] source https://news.bitcoin.com/quoth-the-ravens-u-turn-from-bitcoin-skeptic-to-believer-envisions-a-new-era-of-financial-freedom/

Just recently, the 45th President of the United States, Donald Trump, has expressed a neutral stance towards bitcoin, stating he could live with it “one way or the other.” Meanwhile, Trump’s holdings in crypto assets have seen a significant increase in value. A substantial portion of his digital wealth is currently in a digital currency […] source https://news.bitcoin.com/donald-trumps-cryptocurrency-portfolio-tops-5m-thanks-to-2-9m-in-trump-branded-tokens/

Microstrategy’s executive chairman, Michael Saylor, sees bitcoin as “the strongest asset.” He believes that capital is going to keep flowing from other asset classes, such as gold and real estate, into bitcoin because the cryptocurrency is “technically superior to those asset classes.” He emphasized that bitcoin is an exit strategy and Microstrategy has no plan […] source https://news.bitcoin.com/microstrategy-chairman-says-bitcoin-is-superior-to-other-asset-classes-expects-capital-to-keep-flowing-into-btc/

Following legal action initiated by Riot Platforms and the Texas Blockchain Council against the U.S. Department of Energy (DOE), the department’s statistical branch, the Energy Information Administration (EIA), has put a temporary hold on its bitcoin mining survey and quarantined the data gathered to date. DOE Puts Bitcoin Mining Inquiry on Hold Amid Legal Challenges […] source https://news.bitcoin.com/legal-action-forces-us-energy-department-to-suspend-crypto-mining-investigation/

This week, crypto enthusiasts and historians alike have found themselves enraptured by the wealth of newly released emails from Satoshi Nakamoto, uncovering the visionary’s early efforts with Bitcoin. Specifically, one email, identified as number #3, offers unparalleled glimpses into Nakamoto’s considerations regarding Bitcoin’s scalability, economic framework, and prospects. Emails Suggest Satoshi Nakamoto Was Quite Confident […] source https://news.bitcoin.com/bitcoins-scalability-foreseen-by-satoshi-nakamoto-to-outpace-visa-historic-email-reveals/

In the opening fortnight of February, the stablecoin domain expanded by $1.7 billion, marking a significant rise. The value of the fiat token crypto market has once again risen witnessing an increase exceeding $2.5 billion over the past ten days. Specifically, three stablecoins have driven this upswing, with the stablecoin ethena usde at the forefront […] source https://news.bitcoin.com/stablecoin-market-jumps-by-over-2-5-billion-in-10-days-led-by-rise-in-key-players/

Data indicates that we’re 96% through the journey to the next Bitcoin halving event, with under two months remaining until the reward for mining a block is reduced from 6.25 to 3.125 bitcoins. Although it’s still premature to pinpoint the precise date—given the average ten-minute interval between blocks—the event is anticipated to take place in […] source https://news.bitcoin.com/bitcoin-miners-face-adapt-or-perish-scenario-as-halving-approaches-in-under-60-days/

It has been 43 days since the debut of the spot bitcoin exchange-traded funds (ETFs) on the American stock market, and in this time, the nine newly launched bitcoin ETFs have accumulated 287,315 bitcoins, valued at approximately $14.6 billion. Leading the pack is Blackrock’s IBIT, boasting a staggering 126,950.12 bitcoins on its balance sheet. Bitcoin […] source https://news.bitcoin.com/spot-bitcoin-etfs-surge-to-14-6-billion-in-btc-holdings-43-days-post-launch/

GAIMIN, the world’s leading provider of DePIN (Decentralised Physical Infrastructure Networks) today announces the world’s first L2 blockchain focused on delivering Web3 technology and services to the gaming industry. The incorporation of Web3 technologies, such as blockchain, crypto currency based economies and owner retained NFTs within the gaming industry has been slow to develop, primarily […] source https://news.bitcoin.com/gaimin-announces-the-worlds-first-l2-gaming-blockchain-on-bnb-chain/

The Avalanche blockchain has encountered a disruption due to a “stall in block finalization.” AVA Labs’ co-founder, Kevin Sekniqi, suggested that the problem might stem from a recent surge in inscriptions. Avalanche Hits Snag as Block Finalization Stall Disrupts Service Avalanche (AVAX) is grappling with a service interruption, echoing challenges previously seen on the Solana […] source https://news.bitcoin.com/avalanche-blockchain-faces-outage-amid-inscription-wave-ava-labs-investigates/

In the unfolding lawsuit between the Crypto Open Patent Alliance (COPA) and Craig Wright, three key witnesses who had early interactions with Bitcoin’s creator, Satoshi Nakamoto, provided their testimonies. Among them were early Bitcoin developers Martti Malmi and Mike Hearn, as well as Adam Back, the creator of Hashcash, the proof-of-work (PoW) algorithm integral to […] source https://news.bitcoin.com/satoshi-correspondence-revealed-by-witnesses-in-legal-clash-against-craig-wright/

PRESS RELEASE. CHICAGO – Feb 22, 2024 – Lumerin, a decentralized Hashpower Marketplace built on Arbitrum that has built technology to make Bitcoin hashrate a liquid asset allowing for global access to peer-to-peer, decentralized hashrate trading, today announced a new integration with Portal, the first trust minimized, cross-chain swaps that involve no bridges, custody or […] source https://news.bitcoin.com/lumerin-announces-new-integration-with-portal-dex-for-decentralized-bitcoin-mining-and-cross-chain-hashpower-trading/

On Thursday, the Eigen Labs development team, responsible for the Eigenlayer restaking protocol, announced a $100 million investment from A16z Crypto. This substantial funding comes after the project’s $50 million Series A round in March 2023. Eigenlayer’s Development Team, Eigen Labs, Garners $100M from A16z Crypto Eigen Labs has secured a $100 million investment from […] source https://news.bitcoin.com/eigen-labs-secures-100-million-a16z-investment-for-ethereum-protocol-expansion/

On Feb. 22, 2024, the primary development group of the BNB Chain revealed that the decentralized finance (defi) money market protocol, Aave, has been successfully launched on the BNB network. Boasting a total value locked (TVL) of $8.571 billion, Aave is now active across 13 blockchains in total. Aave Goes Live on BNB Chain The […] source https://news.bitcoin.com/decentralized-money-market-protocol-aave-joins-bnb-chains-defi-landscape/

Some Nigeria-based users of Binance’s peer-to-peer platform have blasted the crypto exchange’s decision to block or remove traders quoting USDT to naira exchange rates exceeding NGN1,802. Binance says it has the right to remove “users behaving in a malicious or manipulative way.” The Nigerian Currency’s Woes Some Nigerian users of Binance’s peer-to-peer (P2P) platform have […] source https://news.bitcoin.com/nigerian-users-criticize-binance-for-imposing-exchange-rate-caps-on-usdt-to-naira-transactions/

On Wednesday, the blockchain interoperability platform Wormhole revealed it is collaborating with the American multinational semiconductor company AMD (Advanced Micro Devices). Wormhole plans to utilize AMD’s Field Programmable Gate Array (FPGA) technology in order to bolster cross-chain communication and multi-chain scalability. AMD’s FPGA Tech to Power Wormhole’s Interoperability Ambitions Wormhole, an interoperability platform for blockchains, […] source https://news.bitcoin.com/wormhole-and-amd-forge-alliance-to-revolutionize-blockchain-interoperability/

On Wednesday, the crypto market experienced a modest downturn, with a 1% decrease in its overall value across the board, as bitcoin and ethereum saw declines of 0.51% and 0.45%, respectively. Bitcoin momentarily reached the $53,000 mark the day prior, while ether soared past the $3,000 threshold on Tuesday, though both cryptocurrencies traded significantly lower […] source https://news.bitcoin.com/crypto-markets-experience-minor-setback-as-major-coins-dip-while-select-tokens-buck-the-trend/

In a landmark decision, the High Court in Podgorica has ruled that the former Terraform Labs CEO, Do Kwon, will be extradited to the United States, sidelining South Korea’s request for his extradition. The court’s ruling comes after extensive deliberations on the legal and political implications of the extradition. Report Details Do Kwon’s U.S. Extradition […] source https://news.bitcoin.com/do-kwons-fate-sealed-montenegro-high-court-opts-for-us-extradition-in-legal-tug-of-war/

Comments on Lightning Network adoption, made by Russell Okung, a former NFL star who is among the first to receive part of his salary in crypto, sparked a discussion that highlighted the opposing opinions of the crypto community about the usage of bitcoin and stablecoins in emerging markets. Russell Okung Ignites Discussion on Bitcoin vs. […] source https://news.bitcoin.com/former-nfl-star-russell-okungs-crypto-adoption-comments-ignite-bitcoin-vs-stablecoins-debate/

Cryptocurrency advocate John Deaton has formally announced his candidacy for the Senate in Massachusetts, setting his sights on unseating the current Democratic Senator Elizabeth Warren from her position. “I’m excited for the opportunity to fight for change, and for the people of Massachusetts in the United States Senate,” Deaton wrote on Tuesday. Deaton vs. Warren: […] source https://news.bitcoin.com/pro-crypto-lawyer-john-deaton-enters-senate-race-to-challenge-elizabeth-warren/

On Tuesday, CME Group unveiled plans to introduce micro euro-denominated bitcoin and ether futures, set to debut on March 18, contingent on regulatory green lights. These euro-based offerings will mirror their U.S. dollar-based equivalents, each representing one-tenth of the respective cryptocurrency’s value. CME Group Announces Micro Euro-Denominated Bitcoin and Ether Futures Launch Following the 2021 […] source https://news.bitcoin.com/cme-group-to-launch-micro-euro-denominated-bitcoin-and-ether-futures-amid-rising-demand/

On Tuesday, Pyth Network announced the rollout of real-time price feeds for bitcoin exchange-traded funds (ETFs), enhancing the data’s availability to both decentralized finance (defi) developers and the wider crypto and traditional financial communities. These feeds encapsulate data from 13 bitcoin exchange-traded products (ETPs), offering valuable insights. Pyth Network Launches Real-Time Feeds for Bitcoin ETFs […] source https://news.bitcoin.com/pyth-network-unveils-real-time-bitcoin-etf-price-feeds-bridging-defi-and-traditional-finance/

Coinbase Commerce, the cryptocurrency payments solution of U.S.-based exchange Coinbase, has removed support for bitcoin payments using self-custody wallets. Brian Armstrong, CEO of the exchange, clarified it maintains support for payments from UTXO-based chains from Coinbase accounts. However, Commerce will focus on supporting ERC-20 tokens on layer 2 protocols, like Base and Polygon. Coinbase Commerce […] source https://news.bitcoin.com/coinbase-commerce-ditches-support-for-bitcoin-payments-using-self-custody-wallets/

In an unprecedented surge, crypto funds around the globe registered record inflows totaling $2.45 billion last week, marking a significant uptick in investor interest. This influx has propelled the total assets under management (AUM) back to levels not seen since December 2021, signaling a strong resurgence in the crypto investment space. Record $2.45 Billion Inflows […] source https://news.bitcoin.com/crypto-funds-see-record-2-45-billion-global-inflows-in-a-single-week-coinshares/

Sending bitcoin onchain remains a poor payment experience despite the hype surrounding the leading crypto asset, according to Taproot Wizards founder Udi Wertheimer. In a recent post-mortem of a high-volume sale using bitcoin, Wertheimer detailed several pain points with onchain payments including long confirmation times, lack of payment amount enforcement, high fees, and insufficient Lightning […] source https://news.bitcoin.com/taproot-wizards-reveal-bitcoins-onchain-payment-struggles-during-15m-sale/

Fixedfloat, an automatic cryptocurrency exchange, has been hacked by an unknown attacker who siphoned almost $26 million worth of BTC and ETH. The exchange, which has already acknowledged the attack, is investigating the event and working to eliminate all possible vulnerabilities. Meanwhile, Fixedfloat’s platform remains closed until further notice. Fixedfloat Loses $26 Million in ETH […] source https://news.bitcoin.com/cryptocurrency-exchange-fixedfloat-hacked-close-to-26-million-lost-in-btc-and-eth/

The volume of daily transactions on the Bitcoin network has seen a significant decline since Jan. 28, 2024, with numbers falling from peaks above 600,000 to below 300,000 transactions per day. This downturn is in sync with a decrease in the daily creation of Ordinal inscriptions, overall easing congestion and reducing onchain fees. Network Activity […] source https://news.bitcoin.com/bitcoin-network-faces-downturn-in-transactions-and-fees-as-halving-approaches/

In the past seven years, the crypto world has witnessed various individuals claiming to be the true Satoshi Nakamoto, the mastermind behind the Bitcoin white paper and the initiator of the first blockchain. Yet, despite their efforts, none have managed to convince the community of their authenticity as the creators of Bitcoin. It appears there […] source https://news.bitcoin.com/cryptographic-clarity-unmasking-satoshi-nakamoto-demands-ironclad-evidence-amid-a-sea-of-claims/

As the Bitcoin network nears its fourth halving event, numerous market watchers and cryptocurrency enthusiasts are curious about whether the price will experience a temporary decline before the halving occurs. Historically, bitcoin’s value has surged six to seven months ahead of halvings, yet there has consistently been a significant decrease before the subsequent increase that […] source https://news.bitcoin.com/bitcoins-pre-halving-jitters-historical-trends-spotlight-potential-price-dip-ahead-of-2024-event/

With bitcoin’s value rising past the $51,000 mark, numerous long-dormant bitcoin hoards have begun to mobilize unspent transaction outputs (UTXOs) that have remained untouched for an extended period. Although instances involving ‘sleeping bitcoins’ from the years 2009, 2010, and 2011 are considerably scarce, there’s been a noticeable resurgence of older coin batches from 2012, 2013, […] source https://news.bitcoin.com/historic-bitcoin-stashes-mobilize-amid-rising-market-valuations/

Barstool Sports kingpin Dave Portnoy is experiencing a serious case of crypto regret, wishing that he hadn’t sold his bitcoin. He also wishes that his company, Barstool, had invested $10 million in the crypto. “I’m so mad at myself about bitcoin. I should be up like 75% in bitcoin,” he stressed. However, Portnoy revealed to […] source https://news.bitcoin.com/dave-portnoy-regrets-selling-bitcoin-wishes-barstool-invested-10-million-in-btc/

Veteran trader Peter Brandt has warned that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler should not be trusted. He stressed that Gensler “has a long history of not looking out for the interests of investors.” Brandt further emphasized that the SEC chairman “was instrumental in the bankruptcy” of a major company and was […] source https://news.bitcoin.com/peter-brandt-warns-against-trusting-sec-chair-gary-gensler-says-he-has-long-history-of-not-protecting-investors/

In the first month of 2024, Nigeria’s headline inflation rose from nearly one percent to 29.9%. However, on a year-on-year basis, the January 2024 headline inflation rate was 8.08 percentage points higher than the January 2023 rate. Many commentators identify foreign exchange shortages as the root cause of the naira’s poor performance against major currencies. […] source https://news.bitcoin.com/nigerias-headline-inflation-increases-as-central-bank-intensifies-foreign-exchange-controls/

Binance has announced a competition through its crypto derivatives arm, Binance Futures, offering participants the chance to win a Tesla Model Y. According to the crypto exchange, the contest will unfold over four weekly challenges spanning from Feb. 18 to Mar. 17, 2024. Binance Futures Unveils Tesla Model Y Challenge and Daily Crypto Rewards Beginning […] source https://news.bitcoin.com/binances-derivatives-arm-launches-tesla-model-y-and-bitcoin-voucher-challenge/