Bitcoin price experienced a slight increase on Tuesday after facing significant losses in recent weeks. The concerns around a potential spike in token supply and the distribution of tokens by Mt Gox had caused a major dip in the value of Bitcoin. However, the cryptocurrency managed to rise by 0.4% to $57,386.4, showing signs of
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Bybit, the world’s second-largest web3 platform by trading volume, has announced a partnership with Beach, Please! – Romania’s biggest hip-hop festival. This collaboration is aimed at offering a range of exclusive perks for festival-goers, further connecting music fans with the exciting world of cryptocurrency. Building on the previously announced “Spin and Win” Lucky Draw, which
The price of Bitcoin experienced a slight decline on Monday due to concerns surrounding the distributions by the now-defunct Mt Gox cryptocurrency exchange. This news negatively affected sentiment within the broader cryptocurrency markets, leading to Bitcoin finding some support around the $57,000 level. Despite this support, Bitcoin still fell by 0.8% in the past 24
An intriguing story has emerged from the world of cryptocurrency, involving a Bitcoin address that has remained inactive for over a decade. The address, known as “1BLoHu,” received 140 BTC back in 2013, when the value of this digital currency was significantly lower compared to today’s standards. After lying dormant for all these years, this
Bitcoin historian Pete Rizzo recently highlighted a statement attributed to Satoshi Nakamoto, the mysterious creator of Bitcoin, dating back to July 5, 2010. In this statement, Nakamoto emphasized the use of cryptography and a distributed network to eliminate the need for a central server, thereby reducing the risk of arbitrary inflation associated with traditional currencies.
The cryptocurrency market has witnessed a significant development as wallets holding 10,000 Bitcoin (BTC) or more have reached their peak in terms of coin accumulation in the last six years. This data, provided by Santiment, indicates that these substantial wallets now hold more than 3.19 million coins, a milestone that was last seen in November
Financial commentator and Bitcoin critic Peter Schiff recently shared his insights on the world’s leading digital asset, Bitcoin. Schiff believes that the current plunge in Bitcoin’s price will not crash below the current level due to Bitcoin ETF buyers who are yet to panic. He assessed the trading activity of Bitcoin ETF whales and noted
In a surprising turn of events, a long-dormant Bitcoin wallet has been reactivated by its anonymous owner, sparking interest in the cryptocurrency community. The wallet, which had not been used for over a decade, has seen its value increase by a staggering 8,000%, turning its owner into a millionaire overnight. This marks the fourth dormant
In a turbulent market where Bitcoin experienced a significant crash of more than 15%, Michael Saylor, co-founder of MicroStrategy, took to Twitter to reassure the community by stating, “1 BTC = 1 BTC.” This simple statement emphasized the stability of Bitcoin, regardless of its short-term fluctuations. This message came at a time when Bitcoin was
The rise of Dogecoin, originally created as a satirical response to cryptocurrency hype, has become a significant cultural phenomenon. Its unexpected increase in value has brought attention to the potential of meme coins, spurring the development of new projects like DogeLend. DogeLend is an ERC20 token that draws inspiration from the success of Dogecoin while