Bitcoin fell below $26,000 for the first time in two months as risk aversion weighs on the cryptocurrency market with global government bond yields climbing to the highest in about 15 years. “When you throw in what is happening in the bond market, it becomes easy for Bitcoin prices to soften,” Edward Moya, senior market analyst at Oanda, said in a note.The slide has almost erased most of the gains registered in the wake of BlackRock’s surprise fi...
Wall Street may be divided over crypto’s investment credentials but for Bitcoin brethren Thursday delivered validation: The first US exchange-traded funds investing directly in the largest digital currency finally went live. It was a much-anticipated debut that came a day after the US Securities and Exchange Commission gave them the green light following a more than decade-long campaign by the digital-asset industry. The batch of almost a dozen f...
NEW DELHI: Security researchers have successfully cracked a password to recover over $3 million worth of Bitcoin that had been stuck in a crypto wallet for 11 years. The wallet contained 43.6 BTC, which had been held there since 2013.Electrical engineer Joe Grand, also known by his handle ‘Kingpin,’ was hired to hack into the encrypted file containing the Bitcoin.The cryptocurrency was protected by a password created by a random password generato...
Bitcoin is viewed by some as a so-called Trump trade because Republican presidential nominee Donald Trump embraced digital assets during campaigning. Bitcoin rose past $70,000 for the first time since June, bolstered by inflows into dedicated exchange-traded funds as well as speculation about potential outcomes from next week’s US election.The largest digital asset climbed about 1% before paring the advance to trade at $69,840 as of 7:23 a.m. on...
Indian cryptocurrency exchange CoinDCX is reducing its staff by 12%, after the platform’s revenues were hit by an ongoing slump in virtual currency trading.As part of a drive to cut costs, the firm is also refocusing its strategy and investing in automation, CoinDCX’s founders Sumit Gupta & Neeraj Khandelwal said in a statement announcing the job cuts on Tuesday. “Startups and businesses globally are going through challenging times due to tou...
Bitcoin is flirting with a winning run last seen a year ago, aided by the record-breaking debut of US exchange-traded funds for the token.The digital asset rose about 1% to $48,436 as of 9:50am Monday in Singapore, poised for a seventh straight daily gain that would mark the longest such streak since January 2023 if the advance holds, data compiled by Bloomberg show.Nine new spot Bitcoin funds began trading in the US on Jan. 11 and have attracted...
Bitcoin poked above the $71,000 level and flirted with a gain for a fifth straight session, reflecting greater confidence in global markets about the prospect of Federal Reserve interest-rate reductions this year.The largest digital asset’s run of daily increases is the longest in three months, leaving the original cryptocurrency at $70,785 as of 8:25am Wednesday in New York, some 4% shy of the record high $73,798 set in mid-March.Traders are pri...
Trump vowed on the campaign trail to put the US at the center of the digital-asset industry. Bitcoin rallied past $81,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.Trump was declared the winner in Arizona, marking a clean sweep of the seven US battleground states. His decisive victory in the presidential election has prompted celebratory c...
NEW YORK: Sam Bankman-Fried‘s requests for vegan meals and access to prescription medication in jail have gone unheeded, his lawyers said, adding that they need better access to their client to build his defense case.The 31-year-old embattled crypto mogul has been “literally subsisting on bread and water” and a little peanut butter, his attorneys said, as they fought for more time with the FTX co-founder ahead of his October fraud trial. They mad...
Its stellar performance comes after a turbulent period for the token. Following a crash in cryptocurrencies last year, FTX founder Sam Bankman-Fried is now in jail for fraud, while top exchange Binance and its founder Changpeng Zhao recently pleaded guilty to US anti-money-laundering and sanctions violations and were hit with fines of $4.3 billion and $50 million, respectively.Is Bitcoin’s return to the $40,000 level a sign the industry is maturi...
