‘Resilient’ Bitcoin holders defend BTC, but bear floor sits 20% lower: Glassnode

Bitcoin holders are showing resilience despite market pressures, with many choosing to hold onto their investments rather than sell. However, data from Glassnode indicates that the current bear market floor for Bitcoin is approximately 20% lower than its current price. This suggests that while holders remain steadfast, there is potential

Bitcoin ETFs still sit on $53B in net inflows despite recent outflows: Bloomberg

Bitcoin exchange-traded funds (ETFs) have accumulated $53 billion in net inflows, despite experiencing recent outflows. According to Bloomberg, these funds have seen significant interest from investors, contributing to their overall growth. However, the recent market fluctuations have led to some withdrawals, raising concerns about investor sentiment. Despite this, the long-term

Coinbase CEO Says Quantum Computing 'Solvable Issue' for Crypto

Coinbase CEO Brian Armstrong stated that quantum computing poses a challenge to cryptocurrency security but is ultimately a "solvable issue." He emphasized that the industry is aware of the potential risks and is actively working on solutions to mitigate them. Armstrong believes that advancements in cryptographic techniques will

Finish the job on digital asset market structure

The article emphasizes the need for regulatory clarity in the digital asset market to foster innovation and protect investors. It highlights the importance of a comprehensive framework that addresses issues such as market manipulation, transparency, and consumer protection. The piece advocates for collaboration between regulators and industry stakeholders to create

Bundesbank President Wants Euro-Pegged Stablecoins to Prevent Dollarization

Bundesbank President Joachim Nagel has called for the development of euro-pegged stablecoins to counter the increasing influence of the US dollar in global finance. He emphasized that stablecoins linked to the euro could enhance the currency's international appeal and promote financial stability. Nagel expressed concerns over the potential

Bitcoin miner Bitdeer tumbles 17% as $300 million convertible note offering spurs dilution fears

Bitcoin miner Bitdeer experienced a 17% drop in its stock price following the announcement of a $300 million convertible note offering. Investors expressed concerns about potential dilution of shares, which contributed to the decline. The offering is intended to raise capital for expanding operations and enhancing liquidity. Bitdeer aims to

Morning Minute: OpenAI and Paradigm Turn Focus to Smart Contracts

OpenAI and Paradigm are collaborating to enhance smart contract development, aiming to leverage AI technology for improved efficiency and security in blockchain applications. Their partnership seeks to address common challenges in smart contract creation, such as bugs and vulnerabilities, by integrating advanced AI tools. This initiative reflects a growing trend

UAE sits on $344 million unrealized profit from its bitcoin mining operations

The UAE has reported an unrealized profit of $344 million from its bitcoin mining operations. This significant gain highlights the country's growing involvement in the cryptocurrency sector. The mining activities are part of a broader strategy to diversify the economy and embrace technological advancements. The UAE aims to

Voltage rolls out USD-settled Bitcoin Lightning credit line for businesses

Voltage has launched a USD-settled Bitcoin Lightning credit line aimed at businesses, allowing them to access liquidity without needing to hold Bitcoin directly. This service enables companies to utilize the Lightning Network for instant transactions while managing their exposure to Bitcoin's price volatility. The credit line is designed

Banks can’t seem to service crypto, even as it goes mainstream

Despite the growing mainstream acceptance of cryptocurrencies, banks are struggling to effectively service the crypto industry. Regulatory uncertainties and compliance challenges have led many financial institutions to adopt a cautious approach, limiting their involvement with crypto-related businesses. This has created a gap between traditional banking services and the evolving needs

Here’s what happened in crypto today

Bitcoin's price experienced a slight decline, dropping below $27,000 amid ongoing market volatility. Ethereum also saw a decrease, with its value falling to around $1,600. In regulatory news, the U.S. Securities and Exchange Commission (SEC) announced plans to review its approach to cryptocurrency regulations, which

Altcoin Selling Pressure Hits Five-Year High as Confidence Wanes

Altcoin selling pressure has reached a five-year high, indicating a significant decline in investor confidence within the cryptocurrency market. Analysts attribute this trend to various factors, including regulatory concerns and market volatility, which have led many investors to liquidate their holdings. The downturn has resulted in a notable drop in