Ark Invest CEO Cathie Wood reiterated her bullish outlook on Bitcoin (BTC), predicting that it will soar past $1 million by the end of the decade. She made the prediction during a Bloomberg Markets interview, in which she attributed Bitcoin’s rising value to its finite supply of 21 million coins…
The recent downturn in the crypto market, marked by significant losses for major altcoins like Ethereum, Solana, and XRP, is driving investors back to Bitcoin. Data from TradingView reveals that Bitcoin’s share of the overall crypto market has climbed 6% in the past week, standing just below 60% at press…
Roman Storm, developer of the crypto-mixing platform Tornado Cash, has filed a motion to dismiss the criminal charges filed against him by US authorities. His request follows a significant legal decision by the Fifth Circuit Court, which ruled that sanctions imposed by the US Treasury’s Office of Foreign Assets Control…
The crypto market continues to face a sharp downturn, shedding around 10% in the past 24 hours after the Federal Reserve’s latest policy update. Bitcoin’s price plunged nearly 10%, hitting a low of $93,000. This marks a stark reversal from its recent high of $108,268 earlier this week. The drop…
Satoshi Action Fund Advisory, Nonprofit Company in North America Satoshi Action Fund (SAF) is a 501(c)(4) non-profit educational organization dedicated to informing policymakers and regulators about Bitcoin mining’s benefits and how it can be used as a tool to support other public policy goals.
US spot Bitcoin and Ethereum exchange-traded funds (ETFs) witnessed a sharp decline on Dec. 19, with significant outflows disrupting long-standing streaks of investor inflows. Data from SpotOnChain revealed that the Bitcoin ETFs recorded their most significant single-day outflows since their launch in January. The previous record was set in May…
El Salvador is accelerating its Bitcoin acquisition strategy, even as it scales back specific policies following an agreement with the International Monetary Fund (IMF). On Dec. 20, the country’s National Bitcoin Office announced the purchase of 11 BTC for about $1 million. This acquisition adds to its daily purchase of…
Crypto thefts surged to $2.2 billion in 2024, representing a 21% rise compared to the previous year. According to a Dec. 19 report by Chainalysis, this increase is closely tied to a growing wave of hacking activity, particularly by North Korean-linked cybercriminal groups. Escalation in hacking activity The crypto sector…
Craig Wright — a controversial computer scientist who falsely claimed to be Bitcoin’s pseudonymous creator, Satoshi Nakamoto — has been sentenced to one year in prison for contempt of court, according to a Dec. 19 live transcript of the UK court proceedings shared by BitMEX Research and Bitnorbert. However, the…
Bitcoin mining giants Marathon Digital Holdings and Hut 8 have capitalized on Bitcoin’s recent correction by making multi-billion-dollar investments in the flagship cryptocurrency. On Dec. 19, the companies announced purchases totaling over 16,000 BTC for $1.6 billion, equivalent to 37 days of Bitcoin issuance. Marathon led the way by purchasing…