Bitcoin News
Bitcoin’s 30-day performance shows it’s not just another tech stock
As Bitcoin’s price movement began to mirror that of traditional markets, some likened it to tech stocks. Its recent price action shows otherwise.
Lachlan Keller
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Bitcoin News
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Bitcoin News
Super Bowl ad blitz not enough for exchanges to top Binance sales
The aggregate sales volume of the four crypto exchanges that advertised during the Super Bowl on Monday Asia time accounted for under 60% of the world’s largest exchange Binance, which did not. Fast facts The four exchanges — Coinbase, FTX, Crypto.com and BitBuy — saw a total of US$6.75 billion in the past 24 hours […]
Lachlan Keller
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Bitcoin News
Russian-linked strains lead crypto ransomware in 2021: Chainalysis
Ransomware revenue in crypto in 2021 has been traced to strains connected to Russia with most of the extorted funds laundered through services that primarily cater to Russian users, blockchain forensics firm Chainalysis reported. Fast facts Around 74% of the over US$400 million worth of crypto ransomware revenue last year was directed to strains that […]
Dylan Butts
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Bitcoin News
Bitcoin outperforms tech stocks by 12% average in last 30 days
Bitcoin has continued to outperform traditional investment vehicles with the digital asset leading over major tech stocks in the last 30 days, according to Finbold. Fast facts Bitcoin outperformed the top six tech stocks by an average return on investment (ROI) of 12.24% as of Feb. 13. Bitcoin significantly outpaced Meta by 46.74%, followed by […]
Pradipta Mukherjee
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Bitcoin News
Crypto exchanges compete in Super Bowl ad blitz
Advertisements for several crypto exchanges vied for the spotlight in this year’s Super Bowl, including one for Crypto.com that aired during the showcase halftime break. Fast facts Following a widely publicized ad featuring Matt Damon, Singapore-based Crypto.com’s new ad featured basketball star LeBron James talking to his younger self in 2003 insinuating the creation and […]
Lachlan Keller
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Bitcoin News
Bitcoin hashrate reaches new ATH in 32% surge
Bitcoin’s hashrate reached an all-time high over the weekend, despite many miners being forced to move operations out of Kazakhstan. Fast facts The total Bitcoin hashrate surged by 31.7% to an all-time high of 248.11 exahashes per second in raw values on Saturday, according to data from Blockchain.com. The latest hashrate read at 209.63 EH/s […]
Timmy Shen
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Bitcoin News
North Korea refutes crypto hack allegation, claims the US made it up
North Korea’s foreign affairs ministry wrote on its website Tuesday that the U.S. is behind the claim that the socialist state hacked millions of dollars worth of cryptocurrency. Fast facts The Democratic People’s Republic of Korea (DPRK) warned that it considers the act of spreading rumors about a “non-existent” cryptocurrency theft to be a serious […]
Danny Park
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Bitcoin News
Hackers got $602M in cryptocurrency ransom in 2021: report
Ransomware payments in crypto tallied higher than US$602 million in 2021, according to blockchain forensics firm Chainalysis, with average payments recording US$118,000, or 34% higher than the 2020 average. Fast facts
Ningwei Qin
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Bitcoin News
China’s e-CNY pilot to boost Hong Kong as offshore yuan trading center
Upcoming digital yuan trial to piggyback on Hong Kong’s popular Faster Payment System for smoother cross-border transactions.
Timmy Shen
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Bitcoin News
JPMorgan predicts $150,000 Bitcoin price in the long run
American banking giant JPMorgan predicts Bitcoin’s price will approach US$150,000 in the long term, strategist Nikolaos Panigirtzoglou wrote in an investors note cited by Bloomberg. Fast facts Bitcoin, the largest cryptocurrency by market capitalization, is currently trading at about US$43,830, but JPMorgan pegs its fair value at around US$38,000, about 15% lower than its current […]
Pradipta Mukherjee
