Bitcoin Foundation co-founder and former BitInstant CEO Charlie Shrem is auctioning off items connected to his guilty plea over charges involving the darknet marketplace Silk Road. In a Thursday notice, a spokesperson for Shrem said he would be opening up 12 items related to his time in prison and early Bitcoin (BTC) paraphernalia on the
Is the recent surge in South Korea’s KOSPI index sending a crucial signal for the cryptocurrency market? A fascinating analysis suggests a strong KOSPI Bitcoin correlation, hinting that when this key stock market index hits a new record, Bitcoin’s bull run might be nearing its end. For crypto investors, understanding this potential link could be
Veteran trader Peter Brandt has given his opinion on when the Bitcoin bull cycle may peak, as the flagship crypto continues to range sideways. Meanwhile, there is also the possibility that the cycle may extend, especially with the Fed set to lower interest rates, which could lead to an influx of new liquidity.
Starknet, the zero-knowledge-proof layer-2 solution for Ethereum, plans to roll out its Bitcoin staking feature on its mainnet by the end of this month. Summary Starknet plans to roll out Bitcoin staking on its mainnet by the end of September. The Ethereum layer 2 scaling solution is among protocols looking to tap into BTC to
Bitplanet, South Korea’s first institutional Bitcoin treasury company, has completed the full acquisition of SGA Co. Ltd. through a $50 million deal, according to a Sept. 11 statement shared with CryptoSlate. The transaction marks the conclusion of a 62% takeover of SGA by an international investor consortium, underscoring a growing push to formalize Bitcoin holdings
The Bureau of Labor Statistics published August’s Consumer Price Index (CPI) data just a day after it revealed lower-than-expected wholesale inflation. BTC Dips Then Recovers After Latest CPI Report Bitcoin dropped to $113K on Thursday morning after the Bureau of Labor Statistics (BLS) announced slightly hotter-than-expected inflation in its August Consumer Price Index (CPI) report.
Fresh data from blockchain analytics platform Glassnode shows that mid-sized Bitcoin investors have significantly increased their BTC holdings in recent times. The data shows that entities holding between 100 and 1,000 BTC, often referred to as sharks, have added approximately 65,000 BTC in the last seven days alone. At the current price of $113,595, their
BlackRock, the world’s largest asset management firm, is expanding its plans to transform traditional investment products into blockchain-based digital assets. According to Bloomberg, the company is considering offering exchange-traded funds (ETFs) to investors by tokenizing them on the blockchain. According to sources familiar with the matter, BlackRock is working on tokenizing ETFs based on real-world
Bitcoin’s role in financial markets is changing, and there are some numbers that make this very clear. Michael McGlone, a Bloomberg Intelligence strategist, pointed out that as of Sept. 10, the 48-month correlation between Bitcoin and the S&P 500 reached 0.5598, its highest point on record. To put it simply, the leading cryptocurrency is now
All top 10 coins are again in the green zone, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has increased by 1.54% since yesterday. Despite today’s rise, the price of BTC is going down after a false breakout of the local resistance of $114,462. If the daily bar closes around the support, there is