Crypto News Center

Bitcoin Accumulation: Who’s Been Buying Up All The BTC Dumped By The German Government?

Bitcoin went on a downward spiral in the first week of July to strike a bottom below $54,000 amidst an exacerbated selloff by some large holders. Various reports using on-chain data have blamed the selloffs on the German state of Saxony selling the bitcoins it seized earlier in the year. Despite this considerable selloff, Bitcoin has primarily held its ground, and bulls have been successful in preventing additional price drops....

Kraken Surprises with Early Launch of Ink Blockchain, Boosting DeFi Accessibility

You are here: Home / News / Kraken Surprises with Early Launch of Ink Blockchain, Boosting DeFi Accessibility Kraken’s Layer 2 blockchain, Ink, has launched ahead of schedule on mainnet, initially planned for early 2025. Ink is built on the Optimism Superchain, offering users access to DeFi applications and ecosystems across multiple protocols. Stage 1 decentralization, introducing permissionless fault proofs, is expected by January 2025 to improve accountability. Kraken’s Ink...

Bitcoin Addresses Holding Over 0.1 BTC Near All-Time High Amid Price Dip

Bitcoin addresses with a balance of over 0.1 BTC are nearing an all-time high, according to data from Bitcoin Magazine Pro. Currently, there are 4,580,424 such addresses, just shy of the record 4,586,540, and represents a month over month increase of 27,939 addresses. The recent drop in Bitcoin's price from around $67,500 to $49,000 provided investors a unique buying opportunity, allowing them to accumulate Bitcoin at prices below $50,000. Even...

Crypto Market Suffers Largest Drop Since 2022, as BTC Drops Briefly Below US$50K

The total crypto market cap has fallen below US$2 trillion, marking the largest drop since the 2022 FTX crisis. Bitcoin dominance rose to 60% despite its price falling to as low as US$49,513, reflecting mixed market reactions. Despite recent losses, ongoing institutional adoption and debates over Bitcoin’s role highlight its evolving market presence. The total crypto market cap has dropped below US$2 trillion (AU$3tn) as of writing, but yesterday reached...

BTC plunge will weed out struggling miners, further centralize control

BTC block reward miners are reeling as the token’s fiat price suffered its biggest drop since the ‘crypto winter’ of 2022, with dire implications for the future security of the blockchain on which the token resides. ‘Crypto’ tokens crashed hard over the weekend and into Monday as a downward trend that prevailed for the past week accelerated sharply. The community identified a number of culprits, including the U.S. market-maker Jump...

Semler Scientific acquires additional 101 Bitcoin, holdings now at 929 BTC

Semler's strategic Bitcoin purchases align with broader treasury goals. Key Takeaways Semler Scientific has increased its Bitcoin holdings to 929 BTC with a recent purchase of 101 Bitcoin. The company's total investment in Bitcoin now stands at $63 million. Semler Scientific, a healthcare company that has recently adopted a Bitcoin treasury strategy, acquired an additional 101 Bitcoin (BTC), bringing its total holdings to 929 BTC within over two months, the...

Trump’s Bitcoin advice: Keep U.S. BTC holdings, don’t sell!

Journalist Trump advocates retaining Bitcoin, viewing it as a strategic asset for the U.S. Polls show Trump leading over Harris, influenced by crypto engagement.  After embracing Bitcoin [BTC] and the broader crypto market throughout his election campaigns, former President Donald Trump has once again made headlines with his remarks on BTC. Trump weighs in on Bitcoin again In a recent livestream with popular influencer Adin Ross, Trump advised the current...

BITCOIN PRICE ANALYSIS & PREDICTION (August 5) – BTC Dumps To $49k Amid Crypto Bloodbath, Recovers Slightly But Still Looks Weak

Losing 25% of its value in a week, Bitcoin recorded its biggest fall since it started correcting in March and dipped under the controversial $50k level today. Due to this, several altcoins have rolled back their bottoms. For the first time in six months, Bitcoin tested a low of $49k earlier today following a week dump from $70,000. However, it has recovered briefly in the past hours due to rejection...

Semler Scientific acquires additional 101 Bitcoin, increasing total holdings to 929 BTC

Semler Scientific acquires additional 101 Bitcoin, increasing total holdings to 929 BTC James Van Straten · 7 days ago Quick Take Semler Scientific reported Q2 earnings on Aug. 5, which saw revenues of $14.5 million for the second quarter, reflecting a 22% decrease from $18.6 million in the same period last year. Semler Scientific achieved an income from operations of $5.4 million, down 25% from the previous year’s $7.2 million....

US Spot Bitcoin ETFs See Red: Grayscale’s GBTC and Top Funds Hit Hard

On Monday, unlike their ethereum counterparts, spot bitcoin exchange-traded funds (ETFs) witnessed outflows totaling $168.44 million. The primary contributors to this decline were three funds, with Grayscale’s GBTC taking the lead in outflows. 3 Leading Bitcoin ETFs Experience Major Outflows Grayscale’s Bitcoin Trust (GBTC) experienced a significant outflow of $69.12 million, bringing its total net divestments since Jan. 11, 2024, to $19.13 billion. GBTC wasn’t alone in facing losses; Ark...