Cameron and Tyler Winklevoss, the bosses of the Gemini exchange, have found themselves in a dire predicament that stems from a massive miscalculation of market timing, The Information reports. The twins launched Gemini’s Initial Public Offering (IPO) last fall to much fanfare. They also doubled down on this bullish sentiment by funding expensive global expansions,
Asset manager Ark Invest says quantum computing is a long-term consideration for Bitcoin security but not an imminent threat. In a Wednesday report co-authored with Unchained, the investment manager said today’s quantum computers are far below the capabilities needed to break Bitcoin’s cryptography, which relies on elliptic curve encryption to secure wallets. “Today’s quantum systems
As Bitcoin ($BTC) continues its attempts at recovery in recent days, buyers are starting to re-enter the market. CryptoQuant notes that, according to the data, net Bitcoin purchase volume has increased, indicating that buyers are entering the market. According to CryptoQuant, net buying volume measures the power imbalance between active buyers and sellers in the
Circle (CRCL) has recently outperformed other crypto-linked equities, a move investment bank William Blair said reflects more than shifting macro conditions. “It is tempting to ascribe recent strength to surging oil prices and perhaps a more hawkish Fed,” wrote analysts Andrew Jeffrey and Adib Choudhury in a Thursday note to clients. “We think there is
Wall Street giant Goldman Sachs has revised its forecast on when the U.S. Federal Reserve will make the first rate cut this year. This delay in their forecast for the first Fed rate cut this year comes as the Iran war threatens to drive inflation higher, which could make the U.S. Central Bank more wary
Crypto analyst Leshka has explained why it is unlikely that the Bitcoin price has bottomed even as it continues to attempt a recovery above $70,000. His analysis also aligns with predictions from analysts such as Doctor Profit, who predict that $BTC could still drop to $40,000. Analyst Explains Why Bitcoin Price Hasn’t Bottomed In an
Athletes drafted on Thursday to compete in the MoonPay X Games League are set to receive signing bonuses in stablecoins, providing an early look at how the crypto payments provider plans to elevate its partners via the action sports spectacle. MoonPay said one-time payments of $2,500 will be sent to 40 athletes in the form
Major crypto exchange Binance spotlights the smallest slice of Bitcoin, the Satoshi. In a recent tweet, Binance explains Satoshi — this time not the entity of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, but the smallest slice of Bitcoin. A Satoshi is the smallest unit of Bitcoin, equal to 0.00000001 $BTC and named in honor of the
On-chain data from Glassnode shows that bitcoin holders across nearly all wallet cohorts have shifted back to aggressive selling amid persistent geopolitical tensions in the Middle East. The distribution is being led primarily by retail investors, who appear to be the main source of selling pressure. Glassnode’s Accumulation Trend Score, which measures whether different wallet
Bitcoin is attempting a consolidation bounce, briefly reclaiming the $70,000 level after weeks of subdued price action. The recovery feels tentative rather than convincing. Underlying metrics paint an increasingly bearish picture, suggesting the road ahead may be prolonged and painful for $BTC holders bracing for what comes next. Bitcoin’s Past Hints at Its Future Bitcoin’s