Ethereum co-founder Vitalik Buterin reassures that Ethereum stands “well-positioned” to counter a potential quantum computing attack on its network. Buterin asserts that developers could promptly create the necessary technology to make Ethereum quantum-resistant. It is offering a solution in the event of a quantum emergency. “I argue that actually, we are already well-positioned to make […]
Billionaire investor Bill Ackman, CEO of Pershing Square Capital, has stirred the crypto community by revealing his contemplation of investing in Bitcoin. Ackman outlined a scenario where a surge in Bitcoin’s price, driven by increased demand and energy usage, could lead to a chain reactions. It includes, rising energy costs, inflation, a weakening dollar, and […]
The price of Bitcoin has once again breached the $70,000 threshold, marking the second occurrence within a span of a few days. The cryptocurrency surged to an intraday high of $71,587.053, reflecting a 2.4% increase, according to The Block’s latest data. Bitcoin initially surpassed the $70,000 mark on March 8, only to experience a rapid […]
Bitcoin traders are rekindling their enthusiasm for high-stakes bets as they revisit the $200,000 call option after a hiatus of almost three years. This surge in interest reflects a reminiscent fervor resembling the cryptocurrency market’s boom in 2021. Deribit’s latest data reveals substantial activity in the $200,000 strike bitcoin call, a staggering three times the […]
The Securities and Exchange Commission (SEC) has extended the timeline for evaluating rule change proposals from major exchanges regarding the listing and trading of options related to bitcoin Exchange-Traded Funds (ETFs). Cboe Faces Delay in Listing Bitcoin ETF Options Cboe, which initially applied to list and trade options on newly launched bitcoin ETFs in January, […]
As the next Bitcoin halving looms in mid-April, miners are adopting strategic moves to navigate the impending reduction in per-block rewards from 6.25 BTC to 3.125 BTC. Faced with potential financial stress, miners are focusing on cost-cutting measures and diversifying revenue streams to ensure their sustainability. Core Scientific’s Multi-Million Dollar Deal Texas-based Core Scientific, emerging […]
Bitcoin has recently reached an all-time high, surging to $69,000 in November 2021, prompting a resurgence in cybercriminal activities. The increased value of cryptocurrencies, particularly Bitcoin, has attracted hackers who managed to pocket $1.7 billion from crypto heists in 2023. Rise of Cryptojacking: A Lucrative Attack Method A novel attack method, known as “cryptojacking,” has […]
MicroStrategy is boosting its convertible debt offering to $700 million, responding to Bitcoin’s recent all-time high. The company plans to utilize the net proceeds for acquiring more Bitcoin and general corporate purposes. Upsizing and Pricing Details Firstly, the convertible debt offering, announced on Monday, experienced a significant upsize on Wednesday, reaching $700 million. MicroStrategy issued […]
El Salvador’s bold move to adopt Bitcoin as legal tender in 2022 has proven highly profitable, with the government’s BTC holdings soaring to over $150 million. Bitcoin’s approval as legal tender in El Salvador marked the beginning of a remarkable journey for the country’s Bitcoin holdings. According to data from BitcoinTreasuries, the current value of […]
Michael Saylor, the CEO of MicroStrategy, predicts that Bitcoin Exchange-Traded Funds (ETFs) are poised to outpace traditional investment giants like the S&P 500. Saylor expressed astonishment at the success of new Bitcoin ETFs from financial giants BlackRock and Fidelity. This is highlighting their rapid ascent in popularity compared to his initial projections. Challenging the S&P […]