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Bitcoin News
TheNewsCrypto
3w
118
Image Credit: TheNewsCrypto
Peter Schiff Mocks Bitcoin Slump, Hails Gold’s Rise as Validation
- The price of bitcoin fell by 4.12% in the last 24 hours, while the price of gold reached a record $3,080.
- Economist Peter Schiff sees gold's rise as validation and proof of his argument against Bitcoin.
- Schiff criticized GameStop for their Bitcoin investment and claims investors who don't view Bitcoin as a sustainable long-term investment have started to sell.
- Gold's increase is attributed to the weakening dollar and concerns about inflation exceeding the Federal Reserve's objective.
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7 Likes
Coindoo
3w
259
Image Credit: Coindoo
Wealth Manager Adopts Corporate Bitcoin Treasury Strategy
- Wealth manager company adopts corporate Bitcoin treasury strategy.
- The company plans to use a portion of its excess cash to purchase shares of BlackRock's iShares Bitcoin Trust ETF.
- The company has already allocated $2 million to its Bitcoin treasury and intends to increase this amount by the end of the year.
- CEO Anthony Hayes emphasizes the commitment to expanding investment banking services and investing in innovation.
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15 Likes
Newsbtc
3w
154
Image Credit: Newsbtc
GameStop (GME) Down Bad After Bitcoin News — Here’s The Catch
- GameStop (GME) suffered a sharp 25% drop following the decision to establish a Bitcoin treasury.
- GameStop's initial rally after the Bitcoin announcement has been reversed.
- The drop in GameStop's stock price is attributed to convertible arbitrage strategy and shorting by institutions.
- Several analysts believe that the price dip could present a buying opportunity for traders.
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9 Likes
Crypto-News-Flash
3w
149
Image Credit: Crypto-News-Flash
U.S. Government Moves 97 BTC and 884 ETH—What’s Behind the Transfer?
- The U.S. government transferred $10.23 million in Bitcoin and Ethereum, potentially linked to crypto consolidation strategies.
- The transfer follows a March 18 order by President Donald Trump to set up a Strategic Bitcoin Reserve, signaling a broader plan.
- Bitcoin’s volume increased by 15% and Ethereum's rose by 12% after the transfer, causing market anxiety.
- The U.S. government holds 198,012 BTC and 59,965 ETH, with the recent transfer potentially being part of an internal reorganization rather than a sell-off.
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9 Likes
Bitcoinmagazine
3w
44
Image Credit: Bitcoinmagazine
Proposed South Carolina Bill Lets State Treasurer Invest 10% Of State Funds In Bitcoin
- South Carolina's proposed bill, The 'Strategic Digital Assets Reserve Act,' allows the State Treasurer to invest 10% of state funds in digital assets, including bitcoin.
- The establishment of the reserve aims to hedge against inflation and economic volatility, given bitcoin's unique properties as a decentralized digital asset.
- The bill does not specify if state officials will hold the private keys, but allows the State Treasurer to develop security protocols and utilize third-party custody solutions.
- The bill requires the State Treasurer to prepare biennial reports, publish proof of reserves, and undergo annual independent audits to ensure compliance and security.
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2 Likes
TronWeekly
3w
74
Image Credit: TronWeekly
Peter Brandt Warns of Bitcoin Crash to $70K Amid Market Turmoil
- Bitcoin is trading below $86,000 as market sentiment remains cautious.
- Bitcoin Futures Open Interest fell by more than 1.5 percent.
- Veteran trader Peter Brandt predicts potential BTC drop to $70K.
- Analysts remain divided on Bitcoin's next move, with positive forecasts and cautious sentiment.
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4 Likes
Zycrypto
3w
211
Image Credit: Zycrypto
Bitcoin Short-Term High Is Still Red Despite New Whale Accumulations
- Bitcoin's short-term high remains negative despite new whale accumulations.
- Short-term holders face unrealized losses of around 4%.
- Bitcoin whales have accumulated $11 billion worth of assets in the last 14 days.
- Analysts believe a $95k target can be sustained with easing macro tensions alongside whale purchases.
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12 Likes
Bitcoinsensus
3w
378
Image Credit: Bitcoinsensus
SEC Drops the Case Against Kraken
- SEC dropped the case against Kraken, which began in November 2023, and the dismissing occurred with prejudice, so can’t be re-filed.
- The termination with prejudice means that the case is closed permanently and cannot be reopened on the same grounds.
- The SEC's decision to dismiss the case is part of its ongoing efforts to reform and renew its regulatory approach to the crypto industry.
- This move by the SEC indicates a reversal of cryptocurrencies, prioritizing the closure of cases they don't want to allocate resources to.
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22 Likes
Coindoo
3w
325
Image Credit: Coindoo
One More American State Introduces Bitcoin Reserve Bill to Hedge Against Inflation
- The Strategic Digital Assets Reserve Act (H4256) has been introduced in South Carolina.
- The bill aims to allocate up to 10% of state-held funds into Bitcoin as a hedge against inflation and economic instability.
- The legislation allows for public disclosure of wallet addresses and emphasizes the use of cold wallets or certified custodians for storage.
- South Carolina residents can make voluntary Bitcoin contributions, promoting digital asset adoption in the state.
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19 Likes
Livebitcoinnews
3w
193
Image Credit: Livebitcoinnews
UAE to Launch Digital Dirham by End of 2025
- UAE is set to launch Digital Dirham by the end of 2025 to modernize its financial system and strengthen its position as a global financial hub.
- New symbols representing the physical and digital Dirham reflect the UAE's shift towards electronic payment systems.
- Digital Dirham offers secure, government-backed transactions, providing enhanced security, regulatory control, and monetary stability benefits.
- The partnership between Saudi Arabia and the UAE aims to enhance mutual financial operations and ensure smoother international payment processes using the Digital Dirham.
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11 Likes
Coindoo
3w
277
Image Credit: Coindoo
Bitcoin Core Update Released with Key Enhancements: Everything You Need to Know
- Bitcoin Core v29.0rc2 released with significant updates.
- Changes to peer-to-peer network, mempool policy, and mining processes.
- Introduction of 'ephemeral dust' for zero-fee transactions.
- Enhancements to wallet, build system, and overall security.
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16 Likes
Livebitcoinnews
3w
70
Image Credit: Livebitcoinnews
Zeus Network Announces Apollo First On-Chain Bitcoin Exchange on Solana
- Zeus Network has launched APOLLO, the first on-chain Bitcoin exchange on Solana, introducing zBTC, a permissionless Bitcoin asset for seamless integration into Solana's DeFi ecosystem.
- APOLLO allows users to lock native BTC and mint zBTC on Solana, offering a trustless experience without custodial issues or KYC processes. The platform has processed more than $40 million in on-chain volume during private mainnet testing.
- Users can now swap zBTC on Jupiter, borrow against it on Raydium, HawkFi, and Meteora, and access advanced yield optimization strategies through Drift and Neutral Trade, providing flexibility in a secure, non-custodial environment.
- Zeus Network's multi-chain framework, powered by the Solana Virtual Machine (SVM), supports permissionless cross-chain interaction between Bitcoin and other blockchain protocols, solidifying Solana's position as a decentralized finance leader.
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4 Likes
Cryptopotato
3w
22
Image Credit: Cryptopotato
Bitcoin Price Analysis: Is $80K Next for BTC After Losing $85K Support?
- Bitcoin is facing weak demand and a potential rejection, putting the $80K support level at risk in the coming days.
- On the daily chart, BTC experienced a minor rejection after briefly surpassing the 200-day moving average at $85K, suggesting a potential false breakout and a bull trap.
- The 4-hour chart shows Bitcoin's downtrend within a descending price channel, with resistance at the upper boundary of the channel at $88K, increasing the likelihood of continued consolidation within the channel.
- On-chain analysis indicates a decline in funding rates, nearing zero, signaling a shift toward seller dominance and a potential deep consolidation phase for Bitcoin before resuming its upward trajectory.
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1 Like
Crypto-News-Flash
3w
343
Image Credit: Crypto-News-Flash
Bitcoin’s Bullish Momentum Slows—Can BTC Overcome Macro Index Bear Signal
- Bitcoin's market indicators suggest possible downward extension and turbulence in the market.
- Bitcoin's price declines by 2% in the last 24 hours, falling below the $87k support level.
- Bitcoin Macro Index shows bearish divergence, indicating a potential bearish run.
- Analysts predict that Bitcoin could bounce back to $126k before June 1 and hit a new all-time high.
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20 Likes
Livebitcoinnews
3w
158
Image Credit: Livebitcoinnews
Bpifrance Launches €25M Fund to Boost Crypto in France
- France's state-owned investment bank, Bpifrance, has launched a €25 million fund to support cryptocurrency projects in the country.
- The fund aims to enhance the blockchain system and digital asset innovation in France.
- Bpifrance has been involved in blockchain funding activities for many years and has invested in several blockchain startups.
- The bank will focus on supporting projects in decentralized finance, tokenization, artificial intelligence, and identity certification.
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9 Likes
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