BItcoin price faltered at $64K again — Here is why

Bitcoin may take twice as long to get to $100,000 than previously surmised. 2167 Total views 6 Total shares In its latest crypto newsletter, Bloomberg observes that Bitcoin (BTC) "has had a tendency of adding zeroes to its price," noting that the asset previously went from $1,000 to $10,000 in less than four years. Maturation…

Bithumb legal issues do not stop in South Korea. A judge in the Seoul Central District Court dismissed two claims filed by individuals against the controversial crypto exchange, Bithumb. The individuals were seeking $126,000 and $38,000 respectively for damages related to a data breach incident back in 2017.According to Fn News, plaintiffs Hong and Seo…

The Central Bank of the Russian Federation’s (CBR) central bank digital currency (CBDC) project has been developing rapidly. The first news about the initiative appeared in 2020, and a regulatory bill was introduced in 2022, which has now passed through its final reading in the parliament’s lower chamber, the Duma.However, the final rollout of the…

Global rate hikes are putting downwards pressure on asset prices, but Bitcoin is starting to outperform commodities and tech stocks. 238 Total views 10 Total shares Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, stated October has historically been the best month for Bitcoin (BTC) since 2014, averaging gains of about 20% for the month,…

The platform aims to consolidate the resources of academic institutions and enterprises in China, and bolster research efforts in areas related to the metaverse. 376 Total views 85 Total shares On May 22, Nanjing, the capital city of China’s eastern Jiangsu province, inaugurated the Chinese Blockchain Technology and Application Innovation Platform to foster and advance…

Fat fingers? A Bitcoin (BTC) user spent over $200 to make a transaction, paying astronomically above the average fee. In a transaction that entered Bitcoin block 760,077, a user paid 1,136,000 satoshis, (0.0136 BTC or $220.52) to move 3.8 BTC ($63,000). This extraordinarily high fee is a whopping 1,000 times the usual Bitcoin transaction fee, as…

Nigerian crypto wallet Satowallet has allegedly pulled off a $1 million exit scam, while the firm cites an unexplained OVH data server error that has kept user funds in limbo.Multiple versions to delay withdrawalsAfter users first reported withdrawal issues in April 2019, Satowallet has been citing different versions of events to account for their failure…

The former Binance CEO served four months in prison in 2024 as part of a plea deal with US authorities and the crypto exchange. Former Binance CEO Changpeng “CZ” Zhao has denied many of the claims in a Wall Street Journal report suggesting that he has been actively seeking a federal pardon from US President

The Russian government doesn’t want to enable Bitcoin for regular Russian people but exclusively for foreign trade entities. 283 Total views 2 Total shares Own this piece of crypto history Collect this article as NFTThe Russian central bank is ready to consider allowing cryptocurrency use within the country but only as part of a legal…