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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bitcoin price has fallen below $100,000 for the first time in four months, wiping out nearly 6% of its value within a single day. The drop can be attributed to a strengthening US dollar, outflows from Spot Bitcoin ETFs, and massive liquidations across the crypto futures market, causing investors to question whether the long-anticipated bear market has finally arrived. Notably, Bitcoin’s correction also rippled through the entire crypto sector, where the total market capitalization fell below $3.5 trillion for the first time in months. Bitcoin Price…
After years of relentless buying, Strategy Inc., the digital-asset treasury firm led by Michael Saylor, has quietly eased its pace of Bitcoin accumulation.In recent weeks, company filings have shown that its BTC purchases have fallen to only a few hundred coins, representing a sharp slowdown for the largest corporate holder of the flagship cryptocurrency.During the third-quarter earnings call, Saylor explained that the slowdown was due to the firm being at an “inflection point.”According to him:“Our multiple-to-net asset value, MNAV, has been trending down and has been trending down over time as the Bitcoin asset class matures, as the volatility decreases.”However,…
In brief Top banking groups wrote letters to the Office of the Comptroller of the Currency to block Coinbase’s trust-charter bid. Coinbase CLO Paul Grewal said the opposition shows that banks want crypto to remain unregulated. Apart from Coinbase, Circle, Ripple, Paxos, and Bridge are the other firms pursuing federal charters. The Office of the Comptroller of the Currency faces pressure from bank lobbyists as crypto exchange Coinbase demands a fair path into regulated finance.Two of Washington’s most influential banking lobbies, the Independent Community Bankers of America (ICBA) and the Bank Policy Institute (BPI), have urged the Office of the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to Bitcoin analyst Willy Woo, Strategy (MSTR) is unlikely to be forced to sell its Bitcoin in the next major market downturn. Strategy holds about 641,205 Bitcoin, a stake worth roughly $64 billion at current prices, according to Saylor Tracker. Convertible Debt Gives Flexibility Strategy’s debt is mostly in convertible senior notes that carry a holder put right dated Sept. 15, 2027. Based on Woo’s calculations, Strategy would need its stock to trade above $183 around that date to avoid selling Bitcoin to meet obligations. That…
A new quantum countdown website projects a two– to three-year window for quantum computers to break widely used public key cryptography, placing Bitcoin within its scope. Sites like The Quantum Doom Clock, operated by Postquant Labs and Hadamard Gate Inc., package aggressive assumptions about qubit scaling and error rates into a timeline that spans the late 2020s to early 2030s for a cryptographically relevant quantum computer. This framing doubles as product marketing for post-quantum tooling, but you need to read the fine print to notice that disclosure. According to the Quantum Doom Clock, recent resource estimates that compress logical-qubit counts, combined with…
Tuesday was a bloody day for crypto markets, but there are signs of recovery and reasons for hope. Source link
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure European crypto exchange WhiteBIT has revealed its expansion across Latin America following key registrations with Argentine regulators and its forthcoming launch in Brazil. WhiteBIT Expands To Argentina And Brazil Crypto exchange WhiteBIT announced its upcoming dual-entry into the Argentine and Brazilian markets, following regulatory advancements in the two largest countries in South America. According to the announcement, the company will bring its business-to-business (B2B) and business-to-consumer (B2C) services to Argentina and Brazil as part of its strategy to increase its presence across the region. The Latin American…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure With the Bitcoin price falling below $110,000 and the crash continuing to deepen, some revelations have surfaced about why this is happening at this time. Fingers had initially pointed to the bearish macro headwinds as the crypto market got caught in the crosshairs. However, on-chain data shows that it may be much simpler than that, and the decline is just due to good old dumping. More specifically, mega-Bitcoin whales of old are beginning to sell off their considerable stacks. OG Bitcoin Whales Sell Over $1.7 Billion Worth…