Bitcoin and crypto enter another potentially turbulent week with fresh US inflation data, a packed Federal Reserve speaking schedule, and oil-market developments all capable of shifting expectations for December’s FOMC meeting. After the recent Wall Street crash and BTC’s slide to multi-month lows, even a small surprise could trigger another sharp move. CPI and PPI […]
Bitcoin and the broader crypto market enter another potentially volatile week with the US midterm elections, crucial labor-market data, major tech earnings, and several Federal Reserve speakers on deck. The leading cryptocurrency tanked to $76,000 at the end of last week after the industry’s largest hack, then tried to stabilize at $77,000-$78,000 over the weekend. […]
The world’s largest crypto exchange by market cap resumed withdrawals earlier today and later reported that users requested nearly $4.7 billion to be taken out of the platform. At the same time, BTC continues to trade close to $78,000, with some analysts drawing comparisons to the post-FTX collapse, which marked the bear market’s bottom. $3.64B […]
Binance co-CEO Richard Teng told the exchange’s customers that the company will cover all losses after a security incident estimated to have impacted $6.3 billion. Additionally, Binance has conceded that the compromised laptop, which was initially blamed for the breach, was not the only factor, as investigators have found additional points of attack. Binance Working […]
The world’s largest cryptocurrency exchange, by means of both users and trading volume across the board, has been hacked. Not a System Compromise According to a recent announcement, the incident “may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions.” Binance further […]
In what was the most expected turn of events, the US Federal Reserve kept the interest rates unchanged after the first hike in over three years in September. However, the decision was not unanimous: two of the 12 policymakers voted to raise the benchmark to 4%-4.25%. Fed Holds Rates Steady Following last month’s hike, which […]
Although Thursday saw the highest daily net outflow in four months of well over $600 million, the spot Bitcoin ETFs still managed to end the week in the green. The same cannot be said about their Ethereum counterparts, which have bled for the fourth consecutive week. BTC ETF in the Green But… It was a […]
Bitcoin’s adverse price movements that began with the rejection at $85,000 on Wednesday continue, with the asset sliding to $80,400 earlier this morning, perhaps due to the latest Trump comments on the war against Iran. Most altcoins have followed suit, with ETH dropping further below $2,400, and XRP seemingly losing the crucial $1.30 support. NEAR, […]
Tesla hasn’t sold any of its remaining Bitcoin. And a possible merger with SpaceX could put both companies’ Bitcoin under one corporate roof. SpaceX disclosed 18,712 BTC in its June IPO filing. Tesla reported this week that it still holds 11,509 BTC. That brings their combined stash to 30,221 BTC, worth around $2.5 billion at […]
Ethereum core developers have postponed the Glamsterdam upgrade on the Hoodi testnet, which had been set to activate on October 26 at 17:42:48 UTC. They want more time to study how a gas pricing change known as EIP-8037 behaves with smart contracts already running on the mainnet, and no replacement date has been set. Developers […]