Glassnode Data Reveals US Government and Mt. Gox Trustee Hold Significant Amounts of Bitcoin
The US government owns 205,514 BTC and the Mt. Gox trustee owns 137,890 BTC, respectively.
First Mover Asia: Bitcoin Holds Steady Above $29K as Investors Look Toward Next FOMC Meeting
Bitcoin set aside its concerns about renewed banking unrest and slowing U.S. economic growth to hold comfortably above $29,000 throughout U.S. trading hours on Thursday. BTC topped $30,000 at one point, near its earlier week highs but still well off its April peak close to $31,000.
Bitcoin Bloodbath: Market Volatility Sparks Panic, Wipes Out $1 Billion In Open Interest
In the last 24 hours, Bitcoin (BTC) has experienced a sharp increase in volatility, with prices fluctuating between $29,000 and $27,000, given the lack of liquidity in the market. This sudden price action has had a significant impact on bulls and bears.
White Label Cryptocurrency Exchange Solution: A Comprehensive Guide
In the world of cryptocurrencies, exchanges are the backbone of the entire ecosystem.
Senator Kempis and Samson Mow Join Forces for Bitcoin Legal Tender in Mexico
Bitcoin as legal tender in Mexico could become a reality if Senator Indira Kempis and Jan3 CEO Samson Mow get their way.
US GDP Misses Goal As Bitcoin Price Seeks To Erase ‘Ultra Nasty’ 7% Dip
Bitcoin (BTC) stuck to $29,000 at the April 27 Wall Street open as United States GDP growth missed expectations.
Bitcoin-Native Deals Outperform Overall Crypto Sector, According to New Study
Bitcoin-native startups are outperforming the overall crypto sector in terms of venture capital deals, as reported by Trammell Venture Partners. While the number of crypto venture fundraising deals rose 1% in 2022 from the previous year, deals involving companies focused primarily on Bitcoin skyrocketed 52.9%. Total capital raised by firms founded "with the first principle that bitcoin is the global monetary asset of the future" also increased, rising 13.9% in 2022 to $343 million. Despite the growth, TVP believes there's still a "severe misallocation" of capital, with companies focused on Bitcoin accounting for just 2% of total crypto deals last year and only 1.3% of venture dollars invested. TVP sees potential for growth in areas such as stablecoins and the Lightning Network, and believes that Bitcoin is often overlooked in favor of projects and protocols that move faster.
Bitcoin Advocate Cracks Known 12-Word Seed Phrase in Minutes
A systems architect in Boston, Andrew Fraser, won a 100,000 Satoshi bounty, worth $29, by brute-forcing a 12-word seed phrase shared on Twitter by Bitcoin educator "Wicked Bitcoin." Fraser cracked the code using BTCrecover, a software application available on GitHub, in just 25 minutes. Fraser's success serves as a reminder to Bitcoin users to take crypto security seriously and keep seed phrases secure and offline. Fraser explained that 12-word seed keys are "perfectly secure if the words remain unknown to an attacker or there is a passphrase '13th seed word' used in the derivation path of the wallet." However, he emphasized the superior security of 24-word seed keys, which have roughly 6.24^24 possible combinations.
Bitcoin's Negative Correlation With Dollar Index Strengthens Ahead of U.S. GDP Data
Bitcoin has historically moved in the opposite direction to the US dollar index, with the negative correlation strengthening recently, according to data from charting platform TradingView. This indicates the potential for accelerated gains in the cryptocurrency in the event of a continued dollar slide following the release of US GDP data on Thursday. The 90-day correlation coefficient between bitcoin and the dollar index has slipped to a two-month low of -0.70. The USD has declined by over 12% since early October, and traders are pricing in three interest-rate cuts by year-end.
