Last April, quantum computing research company Project Eleven announced it would reward anyone who could crack Bitcoin’s cryptography within a year with 1 Bitcoin (BTC). The competition has ended, and one person won 1 Bitcoin for breaking the 15-bit encryption using a quantum computer. According to The Block, researcher Giancarlo Relli won the competition launched
Bitcoin (BTC) has remained strong in recent days, and analysts are painting an optimistic picture for the future. At this point, Michael Saylor, founder of Strategy, the largest publicly traded Bitcoin company, was the first to adopt an optimistic tone regarding Bitcoin, writing that the Bitcoin winter was over. However, some analysts said that Saylor’s
Hyperliquid whales hit record $3.5B in long positions, with the high- leverage buildup coinciding with bitcoin’s latest breakout. Analysts remain split on whether spot demand might sustain the rally or trigger a volatility-inducing squeeze. Key Takeaways: Glassnode reports that large traders on Hyperliquid have steadily increased their long perpetual positions over the past two months,
Active debate continues around the newly released “Finding Satoshi” documentary. While some call the film the most convincing investigation into the mystery of Bitcoin’s creator, one of the industry’s long-standing figures and CEO of Blockstream, Adam Back, has suddenly criticized its conclusions, pointing to irreconcilable logical contradictions. The documentary, which directors Tucker Tooley and Matthew
In a significant move that has captured the attention of the cryptocurrency market, London-based asset management firm Abraxas Capital has deposited a staggering 4,835 Bitcoin ($BTC), valued at approximately $378 million, to the Kraken exchange. This transaction, reported by blockchain analytics platform Lookonchain, occurred within the past hour and marks one of the largest single
Bitcoin ($BTC) is showing an optimistic outlook amid news of an indefinite ceasefire in the US-Iran war. This has boosted bullish predictions, and while $BTC’s technical indicators are improving, according to the analysis company, short-term uncertainty still persists. According to the latest analysis from cryptocurrency analytics company Matrixport, Bitcoin’s technical outlook improved this week, but
Bitcoin ($BTC) continues to compete with gold, which has long proven itself as a safe-haven asset. However, while gold has proven itself as a safe haven, the same is not yet true for Bitcoin. Some analysts argue that $BTC is also a safe haven, while others maintain that it still needs time. At this point,
Bitcoin (BTC) has experienced significant declines in recent months, falling as low as $60,000 in February. These declines also negatively impacted US spot ETFs, resulting in significant outflows. However, the positive momentum seen in Bitcoin and the market has also been reflected in inflows into ETFs. At this point, BNY Mellon, one of the oldest
MicroStrategy is pushing a new narrative around Bitcoin, with CEO Phong Le detailing how the firm is building a yield-driven system around $BTC. Le described the approach as a “digital credit ecosystem,” where capital is deployed into Bitcoin-linked strategies with target returns as high as 30%, and a portion of that yield is passed back