11 Aug 24 - 💥 Bitcoin rebounds to over $61K, adding $200B to the crypto market after Trump's $35T debt payoff plan. Donald Trump Jr. reveals the Trump family’s new DeFi crypto platform to challenge banks, stating it's not a memecoin but a "long-term play."
11 Aug 23 - 📈 The USABTC, a new policy group, proposes a Bitcoin tax-free Digital Economic Zone to make the U.S. a leader in the digital economy. Investors could trade Bitcoin without capital gains taxes, while an exit tax on conversions would generate revenue for treasuries.
11 Aug 24 - 🌐 Santa Monica launches a "Bitcoin Office" on its city website to boost partnerships, educate on Bitcoin’s potential, and create jobs. The city council approved a pilot program with no cost, aiming to position Santa Monica as a Bitcoin innovation hub.
11 Aug 24 - ⚖️ Celsius Network sues Tether for $2.4B in Bitcoin, claiming wrongful sale of collateral during a 2022 deal. Tether calls it a “shameless money grab,” vowing to fight back. Tether reports $12B in equity, confident in stability and profitability.
10 Aug 24 - 💰 Israeli tourists robbed of $700K in Bitcoin on a Costa Rican beach by eight men posing as police. The attackers overpowered a security guard and forced the victims to transfer BTC. Authorities suspect an inside job with police involvement.
10 Aug 24 - 📈 Bitcoin's bull-bear indicator flips green after a brief dip below $50K, signaling bullish conditions. On-chain metrics also turned bullish after Bitcoin's drop to $49,751 on Aug. 5. BTC is now trading at $60,732. Was this a bear trap? Analysts are split.
10 Aug 24 - 🌍 Bitcoin mining energy consumption drops 24%, now at 115.21 TWh from 152.52 TWh in July 2024. This reduction may ease environmental concerns, as miners shift to sustainable practices like hydro-powered mining, with projects like Ethiopia’s Renaissance Dam attracting interest.
8 Aug 24 - 💰 Metaplanet secures ¥1B ($6.8M) loan to buy 118.6 BTC, adding to its $58M Bitcoin investment plan. CEO Gerovich cites Japan's debt as motivation. Metaplanet now holds 246 BTC worth $13.95M. Loan from MMXX Ventures at 0.1% interest for six months.
8 Aug 24 - 🤑 Bitcoin rebounds above $57K as whales accumulate $23B in BTC. Crypto market sees slight rise to $2.02T. Morgan Stanley plans Bitcoin ETF. Michael Saylor holds $1B BTC, backing its potential. U.S. Bitcoin ETFs see $45M inflows, boosting price stability.
6 Aug 24 - 🛡️ Dark Skippy, a new attack vector, threatens Bitcoin hardware wallets by leaking master seed phrases in just two transactions via compromised firmware. It embeds sensitive data in transaction signatures, making it easy for attackers to steal funds. Stay vigilant!
To prevent the Dark Skippy attack on your Bitcoin hardware wallet:
1. Buy from Trusted Sources: Only purchase hardware wallets from reputable vendors to avoid pre-compromised devices.
2. Update Firmware: Regularly update your wallet's firmware to ensure it has the latest security patches.
3. Verify Firmware**: Ensure the firmware on your device is genuine and not altered.
4. Use Multi-Sig: Set up multi-signature (multi-sig) wallets, which require multiple devices to approve transactions, adding an extra layer of security.
5. *lStay Informed: Keep up with security news related to your wallet to be aware of any new threats or updates.
6 Aug 24 - 📉 Bitcoin's 30-day MVRV ratio has plummeted to -17%, the lowest since the FTX collapse. This sharp drop follows the latest price crash, signaling potential selling exhaustion. Last time this low, Bitcoin saw a rebound. BTC now recovers to $54,400.
5 Aug 24 - 📉 In a crash dubbed "Crypto Black Monday," Bitcoin fell below $50,000 for the first time in February amid a global stock market rout. Bitcoin rebounded to $54,000, down 10%, while other major cryptos lost around 20%. Concerns about a US recession and the unwinding of the yen carry trade are key factors.
4 Aug 24 - 🚨 Bitcoin fell below $60K on Sunday during a market sell-off, losing 4% in 24 hours to hit a three-week low of $59,400, CoinGecko reports. Bullish futures bets lost nearly $200M. Traders warned of a possible drop to $55K amid Middle East tensions and weak tech stock sentiment.
4 Aug 24 - ⚡️Bitcoin’s hashrate dropped from 677 EH/s on July 25 to 629 EH/s on Aug. 4. Mining revenue hit record lows due to increased difficulty and BTC’s price falling below $61K. Monthly fees plunged 75% in July, with 48 EH/s exiting since July 25. Miners face tough times as the hashprice hit a record low of $42.78 per PH/s on Aug. 4, 2024.
3 Aug 24 - 📊 Trump backs crypto, suggesting the US use Bitcoin to pay off its $35T debt. He plans to create a strategic Bitcoin reserve, stressing the need for the US to stay competitive with China. His stance has gained support from major crypto figures like the Winklevoss twins.
3 Aug 24 - 📈 Bitcoin rebounds 3% to $62K after a plunge to $60,435 amid global stock sell-offs. Total crypto liquidations hit $230M. Analysts predict the Federal Reserve will cut rates in September, boosting BTC. Global liquidity rise signals bullish potential.
3 Aug 24 - 📈 Bitcoin options expiring today total $2.34B across 36,732 contracts, down from 61,320 last week. The "maximum pain point" is $66,000, where most options expire worthless. This suggests a potential shift in market dynamics and possible volatility ahead.
2 Aug 24 - 📊 Analyst Willy Woo predicts Bitcoin (BTC) could capture 3% of total wealth assets, soaring over 975%. With global adoption at 4.7%, he believes BTC will hit six figures between 16%-50% adoption. Current price: $65,096.
2 Aug 24 - 📈 Grayscale’s Bitcoin Mini Trust pulled in $191M on its second day, up 960% from its first day's $18M. The fund offers low-cost Bitcoin exposure with a 0.15% fee. Total net inflows reached $209M, while GBTC saw $71M in outflows and $19B in losses after ETF conversion.
1 Aug 24 - 👟 Former President Trump is actively campaigning for a return to the White House, branding himself as a pro-Bitcoin candidate. After speaking at BTC 2024, he launched a new line of “Trump Crypto President” sneakers, priced at $299-$499, accepting BTC. Despite high sales, backlash ensued. 