XLink faced a security breach involving almost $10 million, with $4.3 million recovered thanks to a friendly neighborhood whitehat hacker.
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- Crunch
- Global
Another Bitcoin break above $70,000 will be a significant signal for traders but until it happens, analysis is “pretty futile,” according to Mati Greenspan.
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Reddit said the deal allows OpenAI’s tools to “better understand and showcase Reddit content” and sees the AI firm back new features on the social platform.
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Altcoins have “tactical opportunities” but not the massive gains seen in previous cycles, says 10xResearch head of research Markus Thielen.
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The pilot program tested a method of bringing traditional finance fund data onto blockchains with big banks JPMorgan and BNY Mellon also involved.
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Those spot Bitcoin ETF approvals in January sparked institutional interest, really signaling a new era for Bitcoin as a mainstream investment asset. Anthony Scaramucci from SkyBridge Capital shared in a recent interview with CNBC that regulatory acceptance is key for large companies to start including Bitcoin in their portfolios. This is really turning around and probably revolutionary for the price and the credibility of the cryptocurrency in financial circles.
Though that change is now coming fast, led by the financial behemoths, skepticism existed at first due to the hedge against inflation and the use of Bitcoin as a future transactional currency. Scaramucci claims growing acceptance of the asset by firms that previously shied away, maintaining his normally positive demeanor since SkyBridge’s Bitcoin exposure in 2020.
The debate continues around what will become of Bitcoin, with people like Michael Saylor preaching its potential as a universal currency. Such a debate brings to the fore the growing belief that Bitcoin can be a tool that reshapes financial landscapes away from traditional central banking systems in favor of more decentralized solutions.
Pleterski and an associate were arrested months after multiple investor complaints and months of police investigation.
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Bitcoin price showed strength near its medium-term range high but multiple factors are preventing derivatives traders from opening new positions.
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As of May, AntPool and Foundry USA controlled more than 50% of Bitcoin’s hash rate. That could become a problem for Bitcoin users in the near future.
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“Ponzi scheme” has become a byword for all manner of financial frauds and monetary scams. When a rapid six month collapse erased $2T (trillion) from crypto market capitalization in 2022, mainstream media outlets were quick to again label cryptocurrencies, including Bitcoin, Ponzi schemes.
Writing in the Chinese People’s Daily online edition, Shan Zhiguang and He Yifan, representing the Chinese Blockchain-based Services Network (BSN), claimed:
Ever since Satoshi Nakamoto released “Bitcoin: A Peer-to-Peer Electronic Cash System” in 2008, leading to the official birth of Bitcoin, the debate surrounding virtual currency (Cryptocurrency) has never stopped for a moment. [. . .] In its essence,…
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