Bitcoin News

Bitcoin (BTC) speculators are in “panic” mode as nearly all of them are in the red, research says. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode revealed 97.5% unrealized losses among Bitcoin’s short-term holders (STHs). Research warns of “non-trivial” Bitcoin sentiment slide BTC price action in recent months has

Bitcoin (BTC) slipped from $27,000 on Sep. 21 as the dust settled on the latest United States macroeconomic events. BTC/USD 1-hour chart. Source: TradingView Bitcoin: “Rangebound until proven otherwise” Data from Cointelegraph Markets Pro and TradingView showed BTC price strength waning prior to the Wall Street open, down by around 1.5% on the day. Bitcoin

The open-source nature of many hardware cryptocurrency wallets allows one to build a do-it-yourself (DIY) wallet like Trezor from scratch, but it requires certain skills. Florin Cocos, an electronics design manager from Romania, built his own DIY Trezor with the wallet’s open-source code in 2018, without having access to a “real” Trezor device. On his

The Bitcoin network got its own community-based social token ecosystem after a new project called Alpha emerged overnight.  As a decentralized social network protocol, Alpha is similar to the widely-known Ethereum-based platform Friend.tech. It allows users to monetize their online persona and content creation via its social tokens. ️Alpha α is officially here More than the @friendtech

Mt. Gox’s infamous 2014 security breach — which lost 850,000 Bitcoin (BTC) of investors’ funds — resulted in its users embarking on a seemingly never-ending, decade-long pursuit of closure via funds reimbursement. Over the years, Mt. Gox has repeatedly postponed plans to reimburse the funds that the crypto exchange had barred its users from withdrawing

Cryptocurrency payment gateway Alchemy Pay is expanding its global presence after securing a major payment license in the United States. Alchemy Pay has obtained a Money Transmitter License in the state of Arkansas, the firm announced to Cointelegraph on Sept. 20. Granted by the Arkansas Securities Department, the license officially enables Alchemy Pay to operate

Mt. Gox trustee Nobuaki Kobayashi has officially changed the deadline for paying back the exchange’s creditors from Oct. 31, 2023, to Oct. 31, 2024. In a Sept. 21 letter, Kobayashi wrote that, with the permission of the Tokyo District Court, he had extended the deadline for the base repayment, the early lump-sum repayment and the intermediate

While the Bitcoin network has continued to expand over the years, the Bitcoin mining industry has yet to see a comparable increase in carbon footprint — an achievement that a Bloomberg analyst argues “few industries can claim.” This, in turn, could drive the next wave of institutional investment. On Sept. 20, Bloomberg crypto market analyst

Early Bitcoin (BTC) pioneer Hal Finney shared his vision for zero-knowledge proofs more than 25 years ago, a full decade before the launch of the first cryptocurrency, Bitcoin.  The video, purportedly from the Crypto ‘98 conference held on Aug. 26, 1998, in Santa Barbara, shows Finney discussing in detail, the concept of zero-knowledge proofs — a

In this week’s newsletter, read about how marketplace Magic Eden integrated compressed nonfungible tokens (NFTs) into its platform and how Meta launched its metaverse game on mobile and web. Check out why the Bitcoin Ordinals creator proposes changing the protocol’s numbering system and learn about Atari founder Nolan Bushnell’s perspectives on play-to-earn gaming. In other

Bitcoin (BTC) saw snap volatility on Sep. 20 as the United States Federal Reserve maintained interest rates at twenty-year highs. BTC price digests Fed rate pause Data from Cointelegraph Markets Pro and TradingView followed BTC price action as it reacted to the rate decision and accompanying commentary from Fed Chair Jerome Powell. The Federal Open

The ongoing legal battle between the Binance cryptocurrency exchange and the U.S. Securities and Exchange Commission (SEC) took a surprising turn on Sep. 18. Magistrate Judge Zia M. Faruqui rejected the SEC’s request for access to Binance.US’s systems. Instead, the Federal Magistrate suggested that the SEC should formulate specific discovery requests. While this decision only

Cryptocurrency exchange CoinEx is set to resume deposit and withdrawals for its users more than a week after it suffered a $70 million hack due to compromised hot wallet private keys. In previous correspondence with Cointelegraph, the exchange outlined its priority to build and deploy a new wallet system to facilitate activities for the 211 blockchains

On-chain data suggests that Bitcoin (BTC) holders are accumulating BTC with exchange holdings down to yearly lows and the percentage of inactive BTC supply at all time highs. According to Glassnode’s Bitcoin supply last active chart, inactive BTC that has not moved from an address for more than 1, 3 and 5 year time frames

Cross-margin trading is a risk management tactic in cryptocurrency trading whereby traders utilize the whole balance of their accounts as collateral for their open positions. Using account balance as collateral implies that the entire amount of the account is at risk in order to cover future trading losses.Cross margining makes higher leverage possible, allowing traders

Bitcoin (BTC) held $27,000 into Sep. 20 as the key macroeconomic date of the cryptocurrency trading week arrived. BTC/USD 1-hour chart. Source: TradingView Market “set to accommodate” BTC price volatility Data from Cointelegraph Markets Pro and TradingView showed the BTC price focus shifting upward compared to the week prior. Crypto markets showed conviction into the

Bitcoin Ordinals’s creator and chief coder, Casey Rodarmor, has recently proposed changing the protocol’s numbering system with the aim of simplifying the project’s codebase. Since the beginning of the Ordinals protocol, each nonfungible token (NFT) created using Ordinals was assigned a unique inscription number. They functioned similarly to serial numbers and have been an integral

Only seven months remain before the next Bitcoin (BTC) halving in April 2024. It happens approximately every four years and is a deflationary process that cuts the production of new coins by 50%. Bitcoin’s halving is a high-profile event for crypto investors, and has historically led to an increase in Bitcoin’s price. However, its impact on

On this week’s episode of The Market Report, analyst Marcel Pechman discusses Bitcoin’s (BTC) strength ahead of the United States Federal Reserve’s Federal Open Market Committee (FOMC) meeting, with investors betting on an interest rate freeze. Pechman expresses skepticism about the claim that recent inflation data indicated the Federal Reserve’s 2% target was within reach, citing

Bitcoin’s (BTC) open interest on derivatives exchanges experienced a sudden surge of $1 billion on Sep. 18, prompting investors to question whether whales were accumulating in anticipation of the unsealing of Binance’s court filings. However, a closer look at derivatives metrics suggests a more nuanced picture, as the funding rate did not exhibit clear signs