Long-term Bitcoin holder buys hit $10B mark as price slips below $60K

Once reportedly the highest-paid executive at the Bank of China, Wai Kin Chim has joined BitMEX’s parent firm as an independent non-executive board director. 1594 Total views 16 Total shares BitMEX’s parent company 100x Group has hired a financial veteran with a professional background including the Bank of China.According to a Feb. 1 blog post…

The Bitcoin price plunged below $31,000 on Monday, marking a new low for the year. Altcoins also sold off sharply. 2280 Total views 6 Total shares Roughly $1.4 billion worth of Bitcoin (BTC) was reportedly moved from a wallet tied to Luna Foundation Guard (LFG) on Monday, raising questions about its ultimate destination on a…

Year-to-date, the price of Bitcoin (BTC) is up 40% against the United States dollar, and other major cryptocurrencies such as Ethereum and Litecoin have also demonstrated strong gains in the past four months.Performance of crypto assets in the past month. Source: coin360.ioLitecoin, for instance, recorded a staggering 208% increase in value since January — outperforming…

China's growing interest in blockchain technology spreads to publicly traded companies. A report published by Securities Daily explained how China's publicly-listed companies spend the millions they have allocated toward blockchain R&D. The study surveyed 23 companies in China who began working with blockchain back in 2016. Figures suggest that companies allocate an average 20% of their annual…

U.S. Attorney Damian Williams cited “state-of-the-art cryptocurrency tracing” and “good old-fashioned police work” in the authorities recovering the stolen Bitcoin. 177 Total views 2 Total shares The United States Attorney’s Office for the Southern District of New York has announced that an individual has pled guilty to wire fraud charges connected to “unlawfully obtained” Bitcoin…

The new regulations would only allow for advertisements on native websites and mobile apps for DPT companies. 839 Total views 61 Total shares The Monetary Authority of Singapore (MAS) issued a new set of guidelines for digital payment token (DPT) providers, barring them from marketing their services in public areas.The guidelines, which were issued on Jan.…

Today Bitcoin (BTC) price pushed through the resistance at $9,400-$9,500, opening the gate for bulls to stampede to a new 2020 high at $9,745. Bitcoin daily price chart. Source: Coin360On Feb. 4, BTC price traded slightly below $9,200 as bulls fought to keep the asset from falling below the key support. Today, alongside increasing purchasing volume,…

Last week, Facebook rebranded to Meta and announced its plans to kickstart the development of the Metaverse — an entirely new way of interacting and navigating the internet. Now, the Metaverse landscape has a multi-billion dollar corporate behemoth vying for the helm, which has made its future all the more uncertain.Whether we like it or…